L7 - Senior Professional Economist

3.3. Mapping of KSBs

Knowledge

K1 Applied econometric techniques, such as micro-econometric techniques, time series and/or panel data, including limitations thereof.

K2 Applications of micro-economic and macro-economic theory in a range of policy and business contexts.

K3 Understanding the robustness and quality of economic statistics, model generated data and external information; data cleaning; hypothesis testing; the most relevant software and programming techniques; main requirements for successful survey design.

K4 Appraisal and evaluation techniques, including cost-benefit analysis, multi-criteria decision analysis, real options and least regrets; and the underpinning tools that are required to conduct appraisals e.g. asset pricing models.

K5 Non-market valuation techniques including willingness to pay/accept.

K6 Topics from competing streams of economic thought and the implications they have for policies, e.g. market failures, rationale for intervention, and business strategies.