Calculate the compensation that victims of crimes should receive.
What does a Forensic Economist do?
Being a Forensic Economist means taking economic theories and concepts, and bringing them into the real world. It’s impossible to put a price on someone’s life, limb, or livelihood, but as a Forensic Economist, you try. You determine the economic impact and repercussions of a crime based on your intimate knowledge of economic principles.
It’s a job that requires a sharp mind, keen observational skills, and the creativity to blend theory and reality when dealing with a variety of crimes. You handle anything from monetary crimes like embezzlement and theft, to injury or property damage that leaves a lifelong scar on someone’s economic wellbeing. Identity theft and other types of fraud are a few more examples of crimes that have a huge impact on the victim’s life. Whereas a Forensic Accountant is critical to unraveling these crimes, a Forensic Economist is more concerned with what happens after the crime has been solved, or at least in assessing the damage and how the victim can be made whole.
If you understand how important financial health is to a person’s wellbeing, and would take pride in helping the police and Lawyers get victims the due compensation that they deserve, then a job as a Forensic Economist could be right for you. You’ll typically work nine to five, Monday to Friday, in comfortable office settings, either in a law firm or District Attorney ‘s office. You can also work for an insurance company.