Economics

1. About Career

Are you curious to know how does a country's economy work? Are you passionate about numbers? If yes, you should consider a career in economics.

Economics is a study of production, distribution, selling and purchasing of goods and services. It is the study of how individuals, companies, nation and world use scarce resources to satisfy their wants and needs. Economists provide a mechanism for optimal distribution of resources within society. They focus on topics like supply and demand, inflation, employment rate, national income and economic growth.

Some of the famous Indian economists are:

• Amartya Sen


• Raghuram Rajan


• Manmohan Singh

2. Roles and Responsibilities of a Economics

• • Economists conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends.

  • Apply mathematical models and statistical techniques.

  • Observe trends and based on findings, forecast production and consumption of resources.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Research economic issues and disseminate research findings through technical reports or scientific articles in journals.

  • Teach theories, principles, and methods of economics

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Develop economic guidelines and standard.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers

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3. Key Skills Required for Economics

• • Statistics

  • Econometrics

  • Commercial law

  • Financial analysis

  • Data Analysis

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4. Salary and Demand for Economics

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  Demand is High for Economics.

  
  


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  Salary levels are High for Economics. For fresher average salary is more than 5 Lacs.

  
  


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  Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.

  
  


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  Level of preparation for Economics is Medium. Students spend 1 Year. to prepare for entrance test of Economics.

  
  
  
   

Industry Demand