Applied Economics Professor in Idaho Career Overview
As an Applied Economics Professor, you engage in a multifaceted role that combines teaching, research, and community engagement. This position holds significant value within the academic landscape and the broader economic sector.
Teaching Responsibilities: You design and deliver courses that cover various topics including microeconomics, macroeconomics, econometrics, and specialized areas like labor economics or international trade. Your goal is to equip students with theoretical knowledge and practical analytical skills that can be applied in real-world scenarios.
Research Contributions: You conduct research that contributes to the body of knowledge in applied economics. This work may include data collection, statistical analysis, and publishing findings in academic journals. Your research not only furthers academic understanding but also informs policy decisions and economic strategies, making your contributions relevant to both academia and industry stakeholders.
Consultation and Collaboration: You often collaborate with industry leaders, government agencies, and non-profit organizations to apply economic principles to solve current issues. By participating in these partnerships, you help ensure that economic research has practical applications and benefits society at large.
Advising and Mentorship: You serve as an advisor and mentor to students, guiding them on academic and career-related matters. This role enhances the educational experience and prepares the next generation of economists to enter the workforce.
Community Engagement: You may participate in public forums or workshops aimed at increasing economic literacy in the community. This outreach helps bridge the gap between complex economic concepts and the general public, promoting informed decision-making.
Through these various avenues, an Applied Economics Professor plays a vital role in shaping the understanding and application of economic principles that influence policy, business practices, and societal outcomes. Your impact extends beyond the classroom, contributing to economic development and innovation both locally and globally.
Applied Economics Professor Salary in Idaho
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Required Education To Become an Applied Economics Professor in Idaho
To pursue a career as an Applied Economics Professor, you will need to obtain the appropriate educational qualifications and training, which typically involves completion of a doctoral degree. Below are the key academic programs that can lead you to this career path:
Applied Economics: A degree in Applied Economics will provide you with a solid foundation in economic theory and practical applications. This program focuses on using economic principles to analyze real-world issues, making it directly relevant to your future role in academia.
Econometrics and Quantitative Economics: This program emphasizes statistical methods and quantitative analysis within economics. A strong background in econometrics will be essential for conducting research and teaching complex economic models.
Economics: A traditional Economics degree offers a broad understanding of economic theories and principles. Pursuing this degree can serve as a stepping stone to more specialized graduate studies, potentially leading to a focus on applied aspects during your doctoral studies.
Economic Policy Analysis: This degree focuses on evaluating and formulating economic policies. It equips you with analytical tools necessary for assessing the economic impact of proposed policies, a vital skill for both teaching and conducting research.
In addition to obtaining one of these degrees, you will typically need to complete a Ph.D. in your chosen area of specialization. Doctoral programs usually involve coursework along with the completion of a dissertation that contributes original research to the field of economics. Engaging in teaching assistantships during your graduate studies can also provide valuable experience in pedagogical methods relevant to higher education.
Best Schools to become a Applied Economics Professor in Idaho 2024
University of California-Los Angeles
University of California-Berkeley
University of California-Santa Barbara
University of Chicago
University of California-Davis
University of Michigan-Ann Arbor
- Teach courses in economics.
- Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.
Applied Economics Professor Required Skills and Competencies in Idaho
Analytical Skills: You must be adept at analyzing data and trends to interpret economic phenomena. This includes proficiency in statistical methods and econometrics.
Research Proficiency: You need to possess strong research skills to design studies, gather data, and evaluate findings. The ability to write compelling research papers and publish in academic journals is essential.
Teaching Skills: Effective communication and the ability to engage students are vital. You should be skilled in presenting complex economic concepts in an accessible manner.
Technical Skills: Familiarity with statistical software, data analysis tools, and economic modeling programs is important. You may also need to stay current with technological advancements in the field.
Critical Thinking: You should have the capacity to approach problems from multiple angles, evaluating different viewpoints and methodologies to form sound conclusions.
Interpersonal Skills: The ability to work collaboratively with colleagues, students, and the academic community is important. You should also be approachable and supportive to foster a positive learning environment.
Adaptability: You must be open to new ideas and willing to adjust your teaching methods and research focus as the field evolves.
Presentation Skills: Strong presentation abilities are necessary to effectively convey information at conferences, workshops, and seminars.
Organizational Skills: You should manage multiple responsibilities, including teaching, research, and departmental duties, while keeping track of deadlines and commitments.
Ethical Judgment: High ethical standards in research and teaching practices are essential to maintain integrity in academia and uphold the values of the field.
Job Duties for Applied Economics Professors
Conduct research in a particular field of knowledge and publish findings in professional journals, books, or electronic media.
Prepare and deliver lectures to undergraduate or graduate students on topics such as econometrics, price theory, and macroeconomics.
Prepare course materials, such as syllabi, homework assignments, and handouts.
Analytical or scientific software
- Minitab
- The MathWorks MATLAB
Computer based training software
- Learning management system LMS
- Moodle
Word processing software
- Google Docs
- Microsoft Word
Basic Skills
- Listening to others, not interrupting, and asking good questions
- Talking to others
People and Technology Systems
- Measuring how well a system is working and how to improve it
- Thinking about the pros and cons of different options and picking the best one
Problem Solving
- Noticing a problem and figuring out the best way to solve it
Job Market and Opportunities for Applied Economics Professor in Idaho
The job market for Applied Economics Professors in Idaho reflects a combination of local educational demand and the increasing need for expertise in economic issues. There are several key factors influencing this market:
Demand for Economic Expertise: With the growing complexities of global and local economies, organizations and institutions are recognizing the importance of applied economic analysis. This trend is echoed in academia and other sectors, creating a demand for professionals who can educate the next generation of economists.
Higher Education Institutions: Idaho is home to several higher education institutions, such as the University of Idaho and Boise State University, which offer programs in economics. These institutions periodically seek qualified professors to teach courses, engage in research, and contribute to academic development.
Growth Potential: The field of applied economics continues to evolve, with areas like data analysis, environmental economics, and public policy gaining prominence. As these specialties grow, there is potential for new academic positions to emerge in Idaho, providing opportunities for those in the profession.
Geographical Hotspots:
- Boise: As the state capital and largest city, Boise is a significant hub for educational opportunities. The city's universities often lead in hiring faculty for economics programs.
- Moscow: Home to the University of Idaho, Moscow has a well-established economics department and frequently offers positions for academic professionals.
- Pocatello: Idaho State University also offers programs in economics, contributing to job openings in the region.
Collaboration with Local Agencies: Many opportunities may arise through partnerships with government agencies or research institutions that require skilled economists for applied research projects. Engaging with these entities can enhance your career and expand your professional network.
As the job market for Applied Economics Professors in Idaho evolves, being proactive in seeking out openings and engaging with local educational communities can help you identify promising opportunities and stay aligned with emerging trends in the field.
Top Related Careers to Applied Economics Professor 2024
Additional Resources To Help You Become an Applied Economics Professor in Idaho
American Economic Association (AEA)
The AEA provides resources, job postings, and educational materials for economists and educators.
Visit the AEANational Association of Business Economists (NABE)
NABE offers networking opportunities, professional development resources, and a community for economists working in various sectors.
Visit NABECouncil of Graduate Schools (CGS)
The CGS is a valuable resource for those pursuing advanced degrees in economics and provides insights on graduate education.
Visit CGSChronicle of Higher Education
This publication covers academic news and includes job listings specific to higher education, including positions for applied economics professors.
Visit Chronicle of Higher EdLinkedIn Learning
Offers online courses in economics, teaching methodologies, and professional development skills that can benefit educators in their career.
Visit LinkedIn LearningSSRN (Social Science Research Network)
An open-access repository of working papers and scholarly articles in the field of social sciences, including applied economics. Ideal for staying current with research.
Visit SSRNResearchGate
A social networking site for scientists and researchers to share papers, ask and answer questions, and find collaborators. A useful platform for applied economists.
Visit ResearchGateInstitute for New Economic Thinking (INET)
INET promotes research and educational programs that inspire innovative economic thinking and support academic researchers.
Visit INETAmerican Economic Journal
This journal publishes research in applied economics and can serve as a source for current trends, methodologies, and case studies.
Visit American Economic JournalEdX
Offers free and paid online courses from top universities, including microeconomics and macroeconomics, as well as advanced topics relevant to applied economics.
Visit EdXCoursera
Provides access to courses and specializations in economics and teaching from esteemed institutions, which can enhance your expertise and teaching techniques.
Visit Coursera
These resources will help you stay informed about developments in the field and support your ongoing professional growth as an applied economics professor in Idaho.
Frequently Asked Questions (FAQs) About Applied Economics Professor in Idaho
What qualifications do I need to become an Applied Economics Professor?
To become an Applied Economics Professor, you typically need a Ph.D. in Economics or a closely related field. Prior teaching experience and a strong research background can also enhance your candidacy.What skills are important for success in this career?
Key skills include analytical thinking, proficiency in statistical software, effective communication, and the ability to engage and inspire students. Research skills and familiarity with economic modeling are also essential.What is the typical career path for an Applied Economics Professor?
Most start with completing their undergraduate and graduate studies, followed by obtaining a Ph.D. Many begin as adjunct instructors or postdoctoral researchers before securing a full-time faculty position.What are the job prospects for Applied Economics Professors in Idaho?
The demand for economics professors may vary by institution and location. Idaho has several universities and colleges, and faculty positions can be competitive. Networking and engaging in academic communities can be beneficial for job seekers.What types of institutions hire Applied Economics Professors?
Professors can work at a range of institutions, including research universities, liberal arts colleges, community colleges, and online programs. Each may have different expectations regarding teaching and research.What is the typical salary range for an Applied Economics Professor in Idaho?
Salaries can vary based on factors like institution type, experience, and location. On average, salaries for professors in Idaho may range from $70,000 to over $120,000 per year.What are the primary responsibilities of an Applied Economics Professor?
Your responsibilities typically include teaching courses, conducting research, publishing academic papers, advising students, and serving on departmental and university committees.How important is research in the role of an Applied Economics Professor?
Research is often a critical component of an academic career. It contributes to your professional development, enhances the reputation of your institution, and can impact your teaching.Can I teach online as an Applied Economics Professor?
Yes, many institutions offer online courses, and you can potentially teach in a virtual format. This may require familiarity with online teaching tools and methodologies.What professional organizations should I consider joining?
Joining organizations such as the American Economic Association (AEA) or the Association for Institutional Research (AIR) can provide networking opportunities, resources, and access to conferences relevant to your field.What opportunities exist for continuing education as an Applied Economics Professor?
You may pursue workshops, conferences, or additional coursework to stay updated on the latest research and teaching methodologies. Many institutions also support faculty development programs.Is a postdoctoral fellowship beneficial for an aspiring Applied Economics Professor?
Yes, postdoctoral fellowships can provide valuable research experience and additional networking opportunities, which can improve your job prospects when applying for faculty positions.