What do Economics Teachers, Postsecondary Do?
If you enjoy economics, mathematics, and history, and are willing to earn a postgraduate degree, you may want to consider becoming an economics teacher. Postsecondary economic teachers teach basic and advanced level economic courses to students at colleges and universities. This profession involves giving lectures, grading assignments, and performing academic research. Many teachers choose to specialize in a particular field of economics, while others teach general introductory level economics courses. The majority of an economic teacher’s work occurs in the classroom, with teachers instructing classes of various sizes.
Economics Teachers, Postsecondary Skills and Abilities
Postsecondary economic teachers should possess an in-depth understanding of economics, accounting, and some mathematics. Knowledge of financial markets, banking, and various branches of economics is required. Since a teacher’s primary function is to instruct courses, excellent public speaking and interpersonal skills are needed to perform this job. Teachers should also be able to comprehend the needs of students and respond to questions in a professional and patient manner. Exceptional writing skills are needed, and professors are expected to grade the writing of students, as well as produce essays and well-researched articles of their own.
Economics Teachers, Postsecondary Duties
An economic teacher’s main professional goal is to instruct students on the history and nuances of economics and finance. The preparation of lectures is a highly important aspect of the job, and teachers should be well-organized. Teachers may also have extensive input regarding the overall department curriculum, giving them a chance to decide what topics are most important. Academic and intellectual collaboration with colleagues is commonplace, so teachers should feel comfortable working with others. Economic teachers may also:
- Keep abreast of current developments in the field of economics
- Maintain office hours outside of the classroom in order to assist students
- Advise students on proper career paths and academic issues
- Participate in campus events
- Consult with private and government institutions regarding economic policies
- Serve on academic boards that institute campus policies and procedures
Economics Teachers, Postsecondary Tools and Technology
Workers in this profession take advantage of a wide variety of technologies and materials. Textbooks, pens, pencils, and other elementary office supplies are commonly employed in the teaching of economics. Since this field is research-heavy, computers are used to find, input, and organize data and information. Projectors, slides, and televisions may be used during lectures to add visual effect.
Education and Training for Economics Teachers, Postsecondary
Extensive higher education is required to enter into this profession, with the vast majority of teachers holding a master’s degree or doctorate. Roughly 43% of teachers held a doctorate degree, while another 36% held a master’s degree. Schooling for this profession typically involves 4 years of undergraduate education, 2 years of graduate education, and 1-2 years of postgraduate education and research. Procuring an economics degree involves taking courses on economics, mathematics, politics, history, and literature. If you don’t want to spend 6-8 years in school, this may not be the right career for you.
Economics Teachers, Postsecondary Salary
As with any career, the salary of a postsecondary economics teach varies based on years of experience, job location, and chosen industry. The median annual salary for this profession is $90,900, with the top 10% earning around $175,000, and the lowest 10% earning roughly $40,000 annually. On a national scale, there was a 1.3% increase in wages for workers in this field.
Economics Teachers, Postsecondary Jobs by Geography
States with the highest level of employment in this industry are New York, Pennsylvania, and Texas. The top paying states for this job are Massachusetts, New Hampshire, and New Jersey. The top-paying metro area for this career is Ann Arbor, MI. Nationwide, there was a 14% increase in employment opportunities for postsecondary economics teachers. This steadily growing field can provide a stable career and sizeable income for anyone interested in the field of academics.