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
- Agricultural economist
- Climate change economist
- Climate change economist
- Development economist
- Development economist
- Economic adviser
- Economic consultant
- Energy economist
- Energy economist
- Environmental 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.