Class Concept
This work involves the application of advanced economic theory and econometrics to the gathering, analysis, interpretation, and reporting of technically complex economic data. Employees are assigned complex economic projects and problems which require the application of doctoral level price theory and econometrics. Work assignments may include responsibility for all aspects of a project from definition and design to interpretation and reporting of findings. Work may be distinguished from lower levels by in-depth specialized and technically complex analysis as in regulatory agencies, or broad, diversified studies requiring specialized ability in many economic areas such as would be found in agencies involved in statewide planning. Employees are required to submit their data, analysis, and conclusions to high level critical review prior to being utilized in the formulation of agency policy, legislation, or legal decisions. Work is performed independently under the general direction of an administrative director and is evaluated through review of completed reports, techniques used, and the soundness of analysis and interpretation.
Employee conducts studies on determination of rate of return versus risk for the purpose of determining a utility company's ability to attract capital. Provides economic data, cost benefit analysis, trend computations, and other economic analyses in a wide variety of economic areas for the purpose of supporting statewide planning organizations. Applies high level econometric techniques in multiple regression, adjustment of data for removal of extraneous variables, tests of significance, and other forms of statistical analysis. Stands cross examination on economic testimony before state regulatory bodies. Performs related duties as required
