Economists plan and direct research attempting to clarify the relationship between various aspects of business operations and the national economy. Economics is often divided into two disciplines: business economics and macroeconomics. Business economics deals with the basic units of economies: individuals, companies, market conditions, costs, investments and management. Macroeconomics, on the other hand, considers the economy as a whole and focuses on factors such as unemployment, inflation, income distribution and general economic policy. The distinction between the two, however, is not always clearly defined.
As an economist, you could work for larger business or service companies, banking institutions, stakeholders in the labour market or various institutions in state or municipal administration. Economists tend to specialize in a specific field in public or private enterprise.