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Apprenticeship training course

Senior professional economist (integrated degree) (level 7)

Design, implement and lead programmes of economic analysis to support decision-making.

Qualification level
7
Equivalent to master’s degree.
Typical duration
24 months
Apprenticeship category
Legal, finance and accounting
Maximum funding
£11,000
Maximum amount government will fund
for apprenticeship training.
Also known as
  • Agricultural economist
  • Climate change economist
  • Development economist
  • Economic adviser
  • Economic consultant
  • Energy economist
  • Environmental economist
  • Financial economist
  • Industrial economist
  • International economist
  • Labour economist
  • Macroeconomist
  • Senior economist
  • Senior professional economist
  • Trade economist
Skills
Skills an apprentice will learn
  • Apply micro-economic and/or macro-economic theories and modelling, including econometric, to inform a range of business and policy decisions. (1,2)
  • Where appropriate convert the policy or other question into a tractable appraisal, evaluation or other analysis drawing on the most appropriate analytical method. And, where appropriate, consider: non-market valuation methods, the counterfactual, opportunity cost, risk and uncertainty and how to estimate discount rates and costs of capital. (2)
  • Critically assess available information sources and judge validity and usefulness for the issue at hand; clean and manipulate data; be aware of data limitations and explain them; clearly describe and present data using data visualisation techniques; and draw out and explain policy and business implications to clients (1,2,3,4,5)
  • Prioritise scarce resources, including own time, and focus work on areas of greatest impact; deploy project management techniques; negotiate for additional resources where appropriate; manage delivery risks; build and maintain relationships with colleagues and clients and develop and utilise internal and external networks (6,10)
  • Scope areas of work identifying: objectives, analytical methods, resources required and potential delivery risks. Able to recognise when complementary expertise is required e.g. scientists, other social scientists and data specialists. (9)
  • Use horizon scanning methodologies to anticipate new trends, opportunities and challenges that may influence outcomes of interest to client. (7)
  • Clearly communicate economic principles and concepts to non-economists; present trade-offs and uncertainties and articulate these clearly; frame advice, drawing on knowledge of stakeholders' positions, for maximum impact (1,2,3,7,8).
  • Design Quality Assurance processes and implement these, following organisational best practices, and drawing on sources of external expertise; critically assess economic analysis and improve it. (11)

Full information on Senior professional economist (integrated degree) (level 7) is available from the Institute for Apprenticeships and Technical Education.

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