Business, Legal & Accounting Glossary

Definition: Economist


Quick Summary of Economist

An expert in the science of economics. A person who works in or studies the field of economics.

What is the dictionary definition of Economist?

Dictionary Definition

  1. An expert in economics, especially one who studies economic data and extracts higher-level information or proposes theories.
  2. One concerned with political economy.
  3. obsolete One who manages a household.
  4. One who economises, or manages domestic or other concerns with frugality; one who expends money, time, or labour, judiciously, and without waste.

Full Definition of Economist

An economist is a professional in the field of economics, the social science that examines how individuals and societies use scarce resources.

Another definition of what an economist studies is the production, distribution, and consumption of goods. In the investment world, an economist focuses on forecasting the overall direction of a nation’s economy and its various facets, including interest rates, GNP growth, inflation (or deflation), and exchange rates. The inability of an economist to perform this function with consistent success is captured in the witticism “An economist is someone who has predicted nine of the past five recessions.” Thus, rather than rely on the predictions of any single economist, investors tend to look to consensus economic forecasts in making investment decisions. A professional economist will usually have at least a masters and more likely a doctorate in the economics field. In the past few decades, advanced mathematics, computing, and statistics have assumed an increasing role in the work of an economist. An econometrician is an economist who specializes in using such methods in testing economic theory and relationships.

Examples of Economist in a sentence

I felt like I was a very good economist and knew what I was talking about during the interview that day.

The guest speaker was an Economist who spoke to the college students about how loan interest rates are determined and adjusted.

My father-in-law is a professor at the state university near our hometown, where he works as an economist studying how countries trade with one another.

Synonyms For Economist

Economic Expert

Related Phrases

Lorenz curve
Keynesian Economics
portfolio separation theorem
consumer confidence index
capacity utilization
Roll's critique
Taylor Rule
one-third rule
market economist

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Economist. Payroll & Accounting Heaven Ltd.
August 16, 2022
Chicago Manual of Style (CMS):
Economist. Payroll & Accounting Heaven Ltd. (accessed: August 16, 2022).
American Psychological Association (APA):
Economist. Retrieved August 16, 2022
, from website:

Definition Sources

Definitions for Economist are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 30th October, 2021 | 0 Views.