As part of its Training and Skills Development Programme EMC has identified a need to develop and train Maritime Economists as we have identified a gap in terms of this niche area of study in the sector.
The EThekwini Maritime Cluster (EMC) is a non-profit company that was launched in 2009.
The EMC provides a platform for collaborative engagement between different levels of government, state owned enterprises and the maritime community to implement programs of common interest that support the growth and improve performance and competitiveness of the maritime industry.
Maritime Economists will fulfill the following role in the industry:
- Economic and financial evaluation of port
- Analyze the economic factors involved in maritime-related products distribution
- examine the techniques of finance and recommend improvements
- Outline organizational structures of maritime-related business concerns
- Shipping and mining projects
- They may also have to study government regulations and requirements in maritime business.
Economists study the way society distributes scarce resources such as land, labour, raw materials, and machinery etc.
Economists devise methods and procedures for obtaining the data they need.
They only use sampling techniques to conduct surveys and various mathematical modelling techniques may be used to develop forecasts.
Preparing reports, including tables and charts on research results is an important part of an economist’s job.
Many economist specialize in a particular area of economics, although general knowledge of basic economic principals is useful in each area.
The skills listed below are representatives of those acquired from study of economics, and may be applied in various occupations e.g. maritime economists.
- Writing reports/articles/proposals
- Projecting/forecasting results
- Applying quantitative analysis
- Generating solutions
- Evaluating policies
- Maintaining accurate records
- Performing costs/benefit analyses
- Analyzing results
- Testing and idea/hypotheses
- Applying statistical method
Economists who pursue a job as a maritime economists will be on of an elite group.
There is a relatively few positions in this field, however a lot of companies in the Maritime Industry would require an economists with a marine background.
- A Bachelor of Commerce Degree – Economics. Honours/Master degree in Economics is an added advantage.
Job Type: Two (2) year contract.
Closing Date: 18 May 2016