Summary

$115,300/year
Median Pay
12,210
Number of Jobs
1.4%
Job Growth(%)
171
Job Growth(#)

Economics Teachers, Postsecondary

What They Do

Economics Teachers, Postsecondary, play a pivotal role in shaping the minds of future economists, business leaders, and policy makers. These educators are responsible for imparting knowledge on a range of economic theories, practices, and analytical techniques that are crucial for understanding the complexities of the modern economy. They work in higher education institutions such as colleges and universities, guiding students through subjects like microeconomics, macroeconomics, econometrics, and international economics. Moreover, they often engage in research and scholarly activities, contributing to advancements in economic thought and policy.

Job Responsibilities

The responsibilities of Postsecondary Economics Teachers are multi-faceted and go beyond mere classroom instruction. Primarily, they develop and deliver course materials, lecturing on economic principles and their application to real-world situations. They design curricula that not only align with academic standards but also stimulate critical thinking and analytical skills. Additionally, they mentor students, offering academic guidance and career advice. Engaging in scholarly research, publishing findings in academic journals, and presenting at conferences are also critical components of their role. Furthermore, they serve on academic committees, contributing to the governance of their institutions and the development of academic policies.

Essential Skills

Effective Economics Teachers, Postsecondary, are characterized by a specific set of essential skills. First and foremost, they possess deep knowledge and understanding of economic theories, models, and quantitative techniques. They are adept at communicating complex concepts in an accessible manner, ensuring students grasp the intricacies of economic analysis. Critical thinking and analytical skills are paramount, enabling them to guide students through rigorous assessments of economic issues. Furthermore, strong research skills are vital for those who contribute to the body of economic knowledge. Interpersonal skills, such as mentoring and advising, are equally important, as these teachers foster a supportive learning environment and motivate students to achieve their full potential.

Educational Pathways

The educational journey to becoming a Postsecondary Economics Teacher typically begins with a Bachelor's degree in Economics or a related field, followed by a Master's degree in Economics. However, most positions, especially those in four-year institutions, require a Ph.D. in Economics. During their doctoral studies, aspiring educators engage in intensive coursework covering advanced economic theories, methods, and research techniques. They also undertake original research, culminating in a dissertation that contributes to the field. Many candidates gain teaching experience as graduate assistants, honing their pedagogical skills. Additionally, postdoctoral research positions can provide further opportunities for specialized academic and professional development.

Career Prospects

The career prospects for Economics Teachers, Postsecondary, are generally favorable, largely due to the ongoing demand for economics education and research. Employment in this field is projected to grow steadily, driven by the expanding role of economics in public policy, business strategy, and international affairs. Those with a Ph.D. and a record of published research typically find more opportunities and can advance to tenured professorial positions, which offer job security and academic freedom. Furthermore, experienced educators may pursue administrative roles within academic institutions, such as department chairs or academic deans, which entail higher levels of responsibility and influence.

Conclusion

In conclusion, Economics Teachers, Postsecondary, make significant contributions to both education and the field of economics. Their work extends beyond the classroom, encompassing research, mentorship, and institutional service. With a robust combination of subject knowledge, teaching acumen, and research expertise, they equip students with the analytical tools needed to navigate and influence the economic landscape. The journey to this fulfilling career is rigorous but attainable, with strong prospects for growth and advancement. For those with a passion for economics and a commitment to education, this profession offers a rewarding and impactful pathway.

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Compensation

Comparative Pay(annual)
Pay Range(annual)
Industry Pay(annual)
Compensation by State(annual)
State Median Salary Median Hourly Positions
AL 123,770 * 160
AZ 131,920 * 110
AR 104,430 * 70
CA 137,540 * 980
CO 92,780 * 260
CT 134,640 * 260
DE 102,630 * 80
DC 128,770 * 150
FL 56,920 * 530
GA 110,070 * 290
ID 102,260 * 40
IL 130,740 * 490
IN 108,480 * 210
IA 108,430 * 100
KS 109,140 * 120
KY 103,240 * 130
LA * * 60
ME 123,520 * 70
MD 130,620 * 160
MA 134,310 * 790
MI 120,210 * 350
MN 106,170 * 270
MS 95,600 * 70
MO 116,720 * 170
NH 138,820 * 100
NJ 129,490 * 380
NM 105,740 * 60
NY 134,690 * 1,560
NC 109,760 * 500
OH 102,500 * 220
OK 103,100 * 100
OR 131,150 * 130
PA 126,570 * 640
RI * * 90
SC 103,890 * 180
SD 76,970 * 40
TN 106,770 * 290
TX 105,960 * 740
UT 108,180 * 130
VT 106,920 * 80
VA 107,660 * 290
WA 89,060 * 250
WV 81,230 * 50
WI 103,620 * 230
WY 93,810 * 30

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