Economics
What is Economics?
Economics is the branch of social science that deals with the production, distribution and consumption of goods and services and their management. It includes the study of labor, land, and investments, of money, income, and production, and of taxes and government expenditures. It is the application of principles of Mathematics and Statistics in day-to-day life.
Areas of Specialisations
- Agriculture Economics
- Econometrics
- Financial Economics
- Industrial Economics
- International Economics
- Labour Economics
- Political Economics
- Transport Economics
- Macro Economist
- Micro Economist
- Monetary/Financial Economist
- Public Finance Economist
When Can I Enroll for Economics Career?
COURSE | ELIGIBILITY | DURATION | ENTRANCE EXAM |
BA/ B.Sc [Economics] | 10+2 [any stream] | 3 Years | No Exam |
MA/ M.Sc [Economics] | B.A/ B.Sc [Economics] / Graduation [any stream] | 2 Years | Autonomous Exam |
Integrated M.A/ M.Sc [Economics] | 10+2 [any stream] | 5 Years | Autonomous Exam |
Master of Business Economics [MBE] | Graduation [any stream] | 2 Years | Autonomous Exam |
M.Phil [Economics] | M.A/ M.Sc [Economics] | 2 Years | Autonomous Exam |
Ph. D | M.A/ M.Sc [Economics] / M. Phil | 3-5 years | Autonomous Exam |
What Personality Traits Are Required in Economics Field?
- Interest in Current Affairs
- Communication & Writing Skill
- Balanced Judgment
- Mental Alertness
- Leadership Quality
- Sense of Responsibility
- Scrupulous
- An Eye for Details
What Aptitude Is Required in Economics Field?
- High Abstract Reasoning
- High Numerical Ability
- Above Average Closure Ability
IQ Required in Economics Field?
Minimum Above Average Intelligence along with hard work & consistency is required.
Job Prospects for an Economics Field
- Accounting Firms
- Banks
- Brokerage Firms
- Business Journals / Publishers
- Census Organizations
- Chambers of Commerce
- Collection Agencies
- Consulting Firms
- Economic Development Council
- Economic Research Foundations
- Educational Institutions
- Finance & Investment Firms/Banks
- Government and Public Sector Enterprise sectors
- Import/Export Firms
- Indian Economic Service [IES]
- Insurance Companies
- Labor Departments
- Manufacturers
- Market Research Organizations
- Newspapers
- Pharmaceutical Companies
- Public Sector Units
- Research
Some of the Recruiting Organisations
- American Express
- AMEX
- BCC
- Boston Analytics
- Citigroup
- Deloitte
- E-Serve
- GE
- Genesis
- Genpact
- Global analytics
- Goldman Sachs
- Hewlett Packard
- HSBC
- ICICI
- IDBI
- NABARD
- Nomura
- PriceWaterhouse Coopers
- Proctor & Gamble
- Reserve Bank of India (RBI)
- Royal Bank of Scotland
- SEBI
Public policy research institutions such as:
- World Bank
- TERI
- IFMR
- RBI
- J-PAL
