Profession

Main article: Economist

The professionalization of economics, reflected in the growth of graduate programmes on the
subject, has been described as "the main change in economics since around 1900".[101] Most
major universities and many colleges have a major, school, or department in which academic
degrees are awarded in the subject, whether in the liberal arts, business, or for professional study.
In the private sector, professional economists are employed as consultants and in industry,
including banking and finance. Economists also work for various government departments and
agencies, for example, the national Treasury, Central Bank or Bureau of Statistics.
The Nobel Memorial Prize in Economic Sciences (commonly known as the Nobel Prize in
Economics) is a prize awarded to economists each year for outstanding intellectual contributions in
the field.