This question offers insight into the candidate’s understanding of economic theories and influencers. It also demonstrates their ability to apply theoretical knowledge in practical work situations. What to look for in an answer:

• Depth of knowledge

• Application of various theories and principles

• A desire for continuous learning

This question explores the candidate's proficiency in utilizing various predictive analysis and forecasting models. Effective forecasting of economic trends often requires economists to analyze data and understand the underlying factors influencing these trends. What to look for in an answer:

• Methodological knowledge

• Practical application

• Adaptability

The answer to this question should provide a clear walkthrough of a real-world scenario, detailing the ethical dilemma, the candidate’s thought process, the actions taken and the subsequent outcomes. What to look for in an answer:

• Skillful conflict navigation

• Stakeholder consideration

• Flexibility

This question can help you learn more about the candidate’s ability to communicate complex economic data. It ensures they’ll be able to keep shareholders up to date about the company’s economic status, even when principles are too technical for those who are unfamiliar with economics to understand. What to look for in an answer:

• Presentation development

• Active engagement with stakeholders

• Communication skills

This question addresses the candidate’s ability to integrate constantly changing economic factors into their analyses and recommendations. Both of these statistics can signal the health of an economy and are subject to daily fluctuations, requiring economists to adapt to change easily. What to look for in an answer:

• Evidence of risk management skills

• Adaptability

• Prioritization of continuous monitoring

This question looks at the candidate's past utilization of economic analysis as a risk management tool. Effective risk management often entails a thorough understanding of various internal and external factors, including market dynamics, regulatory environments, and macroeconomic indicators. What to look for in an answer:

• Proactive approach

• Impactful experience

• Communication with stakeholders

This question explores the candidate’s alignment and prioritization of sustainability considerations. It helps you determine how they bridge financial and economic objectives with environmental and social responsibility. What to look for in an answer:

• Policy alignment

• Adaptability

• Long-term perspective

This question can give you a deeper understanding of how the candidate interprets, analyzes and responds to shifts in typical consumer behaviors, as well as how they integrate that understanding into organizational strategies. Being able to interpret changes is critical when it comes to ensuring market relevancy and sustainable growth. What to look for in an answer:

• Customer-centric approach

• Keen observation and analytical skills

• Future preparedness

This question assesses the candidate’s ability to work effectively as part of a team and ensures they’ll be able to integrate their own insights with those of peers in different disciplines and roles throughout the organization. What to look for in an answer:

• Communication skills

• Role clarity

• Problem-solving skills

This question helps you ensure that the candidate is committed to ongoing professional development and gives you the confidence to move forward knowing they’re accessing information about developments in their field from reputable and reliable sources. What to look for in an answer:

• Desire to learn

• Engagement with the economic community

• Application of new knowledge