The study of economics analyzes the consumption and distribution of
goods, production and services. The field of economics is very vast and is not
restricted to just business finance, and government; but to war, religion, education,
crime, health, family, politics, social institutions and science, as well.
Economics generally explain about the economic condition of a country and the consumption power of its citizen. The study of economics includes practical knowledge company law and income tax, practical knowledge of auditing and financial accounting, insights into the functioning of economies
Economics generally explain about the economic condition of a country and the consumption power of its citizen. The study of economics includes practical knowledge company law and income tax, practical knowledge of auditing and financial accounting, insights into the functioning of economies
Basic
Eligibility
UG:
For admission in a
bachelor’s degree, the candidate must have passed the 10+2 examination from a
recognized board.
PG:
For admission in
master's degree in economics a candidate must have completed his/her graduation
in any stream. The duration for master's degree is 2 years.
Specializations
Some of the
specialization offered in economics are: -
- Agricultural Economics
- Business Economics
- Development Economics
- Econometrics
- Financial Economics
- Industrial Economics
- International Economics
- Labor Economics
- Natural Resource Economics
- Rural economics and Rural Development
- Welfare Economics
Job Prospects
Good number of job opportunities are available to commerce graduates. An economics graduate can work in transport,
communications, manufacturing, banking, investment, insurance, and retailing
industries, as well as in consulting, government agencies, and charitable
organizations.
An economic grdaute
can find ample work opportunities in public sector as well as private sector. Various
international organizations like the World Bank and the International Labor
Organization offer good job opportunities to well-known economists.
Pay Package :-
In government sectors economists are getting Rs. 9,000 to 12,000 per month as assistants while a experienced and seniors have a average salary of Rs. 25,000 per month.
In colleges and universities, economics faculties are earning somewhere in between Rs. 12,000 to 20,000 per month depending on their seniority and private sectors. In private sector good pay packages are available.
In government sectors economists are getting Rs. 9,000 to 12,000 per month as assistants while a experienced and seniors have a average salary of Rs. 25,000 per month.
In colleges and universities, economics faculties are earning somewhere in between Rs. 12,000 to 20,000 per month depending on their seniority and private sectors. In private sector good pay packages are available.
Institutes
- Tolani Maritime Institute (TMI) Pune, India
- Lady Shri Ram College for Women (LSRC) Delhi/NCR, India
- Ramjas College Delhi/NCR, India
- H.R College of Commerce & Economics Mumbai, India
- Ethiraj College Chennai, India
- Sri Guru Gobind Singh College of Commerce Delhi/NCR, India
- St.Alberts College Kochi, India
- Lala Lajpat Rai College of Commerce & Economics (LLCC) Mumbai, India
- IIT Kharagpur - Indian Institute of Technology Kharagpur, India
- Lovely Professional University Jalandhar, India
The author of this post has given a detailed input on economics and its career opportunities. The post also gives a list of top colleges to pursue economics. I would like to add that CMR University, Bangalore, offers Ph.D in Economics. This Ph.D programme aims to inculcate the skills essential to become a qualified researcher and also excel in their chosen field. For more information on the course, you can visit their website.
ReplyDeleteThis post is very helpful for those who want to pursue a career in economics, as it highlights upon various specialisations and job prospects under the discipline. The author has also mentioned a list of Top Economics Colleges. I would like to add that CMR University is One of the Best University in Bangalore, offers one of the best economcs courses. The School of Social Sciences and Humanities, CMR University, offers B.A (hons) in which a students can study a combination of 3 different subjects including English, Economics, Psychology, Sociology and Journalism. The student can also obtain an honours degree in economics by opting to specialise in it. You can visit CMR Univeristy's website for further information.
ReplyDelete