Economists conduct research, collect and analyze data, monitor economic trends, and develop forecasts. Their research might focus on topics such as energy costs, inflation, interest rates, farm prices, rents, imports, or employment.

Do economists use statistics?

Statistics for Economics

It helps us understand and analyze economic theories and denote correlations between variables such as demand, supply, price, output etc.

What methods do economists use?

Three of the most effective tools that economists use are the scientific method, graphs, and economic models.