Economist's Edge 5 Underrated Tools to Master in 2025

Economist's Edge 5 Underrated Tools to Master in 2025

In today's rapidly evolving economic landscape, staying ahead of the curve is crucial for professionals. To achieve success, economists must continually develop their skills and knowledge. In this post, we'll explore five underrated tools that can give you a competitive edge in your career as an economist.

What's the Hagiography?

A hagiography refers to the process of writing about someone's life and achievements in a positive light. In this case, we'll be highlighting five underrated tools that can help economists like yourself achieve success. By the end of this post, you'll have a better understanding of these tools and how they can benefit your career.

Tool #1 Tableau

Tableau is a data visualization tool that enables users to connect to various data sources, create interactive dashboards, and share insights with others. As an economist, you'll find Tableau's ability to turn complex data into engaging visualizations incredibly useful for presenting findings and communicating ideas.

Why it's underrated While many professionals are familiar with Tableau, they may not fully appreciate its potential as a tool for economic analysis. With Tableau, you can create interactive dashboards that allow stakeholders to explore and interact with your data, making it an excellent choice for economists who need to communicate complex ideas effectively.

Tool #2 Python

Python is a programming language that has quickly become the go-to tool for data scientists and analysts. As an economist, you'll find Python's ability to handle large datasets, perform statistical analysis, and create visualizations incredibly valuable.

Why it's underrated Many economists may view Python as a developer tool, rather than recognizing its potential as a versatile language that can be used for economic analysis. With Python, you can automate tasks, create custom scripts, and integrate with other tools to streamline your workflow.

Tool #3 R

R is a programming language and environment for statistical computing and graphics. As an economist, you'll find R's ability to handle large datasets, perform statistical analysis, and create visualizations incredibly valuable.

Why it's underrated While many economists are familiar with R, they may not fully appreciate its potential as a tool for economic analysis. With R, you can automate tasks, create custom scripts, and integrate with other tools to streamline your workflow.

Tool #4 Power BI

Power BI is a business analytics service by Microsoft that provides interactive visualizations and business intelligence capabilities. As an economist, you'll find Power BI's ability to connect to various data sources, create dashboards, and share insights with others incredibly useful for presenting findings and communicating ideas.

Why it's underrated Many professionals may view Power BI as a business tool, rather than recognizing its potential as a versatile platform that can be used for economic analysis. With Power BI, you can create interactive dashboards that allow stakeholders to explore and interact with your data, making it an excellent choice for economists who need to communicate complex ideas effectively.

Tool #5 Excel

Excel is a spreadsheet software by Microsoft that provides a wide range of features for data analysis, visualization, and manipulation. As an economist, you'll find Excel's ability to handle large datasets, perform statistical analysis, and create visualizations incredibly valuable.

Why it's underrated Many economists may view Excel as a basic tool, rather than recognizing its potential as a powerful platform that can be used for economic analysis. With Excel, you can automate tasks, create custom scripts, and integrate with other tools to streamline your workflow.

In conclusion, mastering these five underrated tools can give you a competitive edge in your career as an economist. Whether you're just starting out or looking to upskill, developing expertise in these tools will help you stay relevant and successful in today's fast-paced economic landscape. By incorporating these tools into your toolkit, you'll be better equipped to analyze complex data, communicate effectively, and drive business outcomes.

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.