The Market for Economists in Australia

Abelson, Paul; Valentine, Tom

doi:10.1111/j.1759-3441.1985.tb00494.x

Cited by 6 publications

(11 citation statements)

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“…The study by Abelson and Valentine (1985) found that employers placed more importance on the acquisition of sound economics and general skills and less upon training in related disciplines. Included in these sound economics skills were an ability to interpret economic data, a good knowledge of economic theory and a demonstrated capacity to communicate both in writing and verbally.…”

Section: Resultsmentioning

confidence: 99%

“…The first part of the questionnaire was derived from Abelson and Valentine (1985). This questionnaire was developed with the assistance of a small advisory group.…”

Section: Methodsmentioning

confidence: 99%

“…Prior to this date, the decline in enrolments had been much lamented but very little data had been gathered (since Abelson and Valentine 1985) as to what the market actually required and why students no longer elected to study economics. However there is now evidence of a shift in emphasis.…”

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confidence: 99%

“…In 2001 the authors approached the Economics Society of Australia with a proposal to build on the study by Abelson and Valentine (1985). The objective of the study was to survey a group of employers from both the public and private sectors throughout Australia to determine what they see as desirable skills in graduates with economics majors.…”

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confidence: 99%

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Towards a Market Oriented Approach: Employer Requirements and Implications for Undergraduate Economics Programs

Hellier

Keneley

Carr

et al. 2004

J of App Econs and Policy

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The decline in enrolments in economics degrees and majors has been the focus of much concern in recent times. In 2001, two of the current researchers published a paper outlining a framework with which future investigation into the issue could be conducted (Keneley and Hellier 2001). Essentially this paper argued that a market orientated approach, which takes into account the value students and employers place on economics studies may point the way to a solution to the problem. As a first step in developing such an approach it is necessary to determine what employers require of the economics graduates they hire. With the support of the Economics Society of Australia such a survey was conducted in 2002. This paper presents the results of this survey and discusses some of the ramifications for the teaching of undergraduate economics.

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Section: Resultsmentioning

confidence: 99%

“…The first part of the questionnaire was derived from Abelson and Valentine (1985). This questionnaire was developed with the assistance of a small advisory group.…”

Section: Methodsmentioning

confidence: 99%

mentioning

confidence: 99%

mentioning

confidence: 99%

See 2 more Smart Citations

Towards a Market Oriented Approach: Employer Requirements and Implications for Undergraduate Economics Programs

Hellier

Keneley

Carr

et al. 2004

J of App Econs and Policy

View full text Add to dashboard Cite

show abstract

“…The pass and honours students agreed on the weakest parts of their economics degree programs: training in writing essays, advising services, and learning problem solving. This should be of concern because Australian employers of economists rank writing and verbal skills as well as the ability to interpmt and analyze economic developments as the most important attributes an economist should possess (Abelson and Valentine, 1985). It should also be of concern because so many Australian students select economics in order to gain practical knowledge for decision making (see Table 2).…”

Section: Students' Assessment Of Their Programsmentioning

confidence: 99%

The Australian Undergraduate Economics Degree: Results from a Survey of Students*

Siegfried

Round

1994

Economic Record

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This article reports the results of a large survey of Australian undergraduate economics students. The students were queried about their socio‐demographic characteristics, reasons for selecting a university economics degree, university experience in learning economics, assessment of their university economics programs, and future education and career plans. They also assigned themselves expected grades on hypothetical examination questions in microeconomics, macroeconomics, and economic statistics. The students rated their lectures and the rigour of their curriculum as the strengths of their degree. They were most disappointed about their training in writing essays, the course advising they received, and their instruction in problem solving.

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Labour Market Outcomes of Graduates in Economics in Australia*

Williams

Clements

2023

J of App Econs and Policy

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The discipline of economics encompasses broad skillsets with diverse applications in employment markets and industries. Studies of labour market prospects for economics graduates are relatively dated particularly in the light of developments such as declining interest in economics in high school and university. This study examines the labour market outcomes of Australian economics graduates, at the bachelor and postgraduate levels, using a national dataset. We observe strong employment prospects for graduates in economics after graduation, in terms of full‐time employment and salaries. Obtaining a postgraduate qualification appears to pay off, with master's and PhD graduates experiencing more favourable employment outcomes than bachelor's graduates. Substantial proportions report being overqualified for their jobs although this proportion is comparable to those reported for the broader Australian graduate labour market. Reassuringly, those initially overqualified transition out and overqualification reduces in the longer term. Most economics graduates become economists, but many others enter a wide array of other occupations. Of those who start out in non‐economist professions, there is a 42 per cent chance that they transition to economist roles after 2.5 years. In summary, an economics degree leads to favourable employment and earnings and should still be considered an attractive choice for prospective students.

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The Market for Economists in Australia

Cited by 6 publications

References 0 publications

Towards a Market Oriented Approach: Employer Requirements and Implications for Undergraduate Economics Programs

Towards a Market Oriented Approach: Employer Requirements and Implications for Undergraduate Economics Programs

The Australian Undergraduate Economics Degree: Results from a Survey of Students*

Labour Market Outcomes of Graduates in Economics in Australia*

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