Economics is considered as an 'ever green subject', since 'money' holds a vital role in our life. In simple terms, economics is a study of the economy and a study of how its problems can be corrected for the well-being of everyone.
Courses in Economics in India:
Study of economics also includes statistical and mathematical methods for economics, econometrics, public finance, monetary economics, international economics, development economics and economic policy-making. These are extremely desirable from perspective of building a career, in the public sector, private sector or non-government organisations.
Specialisation can be done in areas like finance, insurance, agriculture, econometrics, rural development, health, business development, human resource, industrial law, international economics, etc. Following are the routes:
1. After class XII (HSC), three-year BA (Economics) - From any statutory recognised university
2. After BA (Economics)/ BCom, one can do MA (Economics) for two years - From any statutory recognised university
Skill sets required:
A logical and analytical bent of mind Quantitative aptitude Articulation and strong ability to assimilate information Felicity of expression Sincerity, commitment and devotion High level of motivation to strive for perfection A high level of patience, with a positive and optimistic attitude Willingness to work hard in a selfless manner.
Some of the premier educational institutions for undergraduate studies in economics in India are:
- St Stephen’s College.
- Delhi Shri Ram College of Commerce,
- Delhi Lady Shri Rwn College for Women,
- Delhi Hans Raj College, Delhi Hindu College.
- Delhi Presidency College,
- Kolkata St Xavier’s College
- Kolkata St Xavier’s College
- Mumbai Loyola College,
- Chennai Christ College. liangulore
Job Opportunities:
• Government departments - Indian Economics Service (IES) through UPSC.
• Corporate - Job titles such as Data Analyst, Financial Analyst, Research Analyst, Business Analyst, Economic Research Analyst, Stock Market Analyst, etc.
• Banks/ Financial Institutions - A graduate in economics can join at an entry-level position in banks, MNCs and research firms and can expect pay packages up to Rs 12,000 per month.
• Teaching - One can appear for NET/ SET exams to qualify for working as assistant professors/ professors in colleges.
• Research - One can opt for fellowship programmes offered by IIMs and other management institutes.
Referance: ICBSE and educationtimes