Economics Courses in India

Economics is a social science that studies the production, distribution, and consumption of goods and services. The study of this field is very vast and not restricted to just business, finance and government, but to crime, education, family, health, law, politics, religion, social institutions, war and science, as well. Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society as economic forces have a huge impact on our daily lives.

A person involved in the field of Economics is known as Economist. They research and monitor demands and supply, exchange rates, business trends, taxation, employment rates, inflation and costs of materials to understand trends and develop predictions.

Some of its specialized fields are -

1. Agricultural Economics
2. International Economics
3. Business Economics
4. Labour Economics
5. Development Economics
6. Natural Resource Economics
7. Econometrics
8. Rural economics and Rural Development
9. Financial Economics
10. Welfare Economics
11. Industrial Economics

Content

• Insights into the functioning of economies
• Practical knowledge of financial accounting and auditing
• Practical knowledge company law and income tax
• Field visits

Objectives 

• Broad intellectual training and knowledge of how the economy works
• To develop the relevant skills for the constructive use of the economic knowledge
• To enhance other fields of study through research and analytical skills.
• To benefit from the experience of other fields of study for solving problems of national and international context.
• Preparation for both a variety of careers and programs of advanced study

Basic Requirment

A candidate must have passed the Higher Secondary School Certificate (Std.XII) examination from a recognised board.

Job Perspectives

Economics continues to rank among the most popular majors chosen by the majority of students. Due to the widespread use of Economics in various sectors, graduates are employed in a range of posts which may, or may not, be related to the discipline they studied. They work in manufacturing, transport, communications, banking, insurance, investment and retailing industries, as well as in government agencies, consulting and charitable organisations.

In addition to economic consulting work in both the private and public sectors, employment prospects in government, journalism, administration, sales, finance, investment banking, and venture capital. Various international organisations like the World Bank and the International Labour Organisation offer ample job opportunities to well-known economists.

Some Job Types

1. Accountants
2. Auditors
3. Actuaries
4. Budget Analysts
5. Cost Estimators
6. Financial Analysts
7. Personal Financial Advisors
8. Economics Journalist
9. Researcher
10. Public Policy Consultant