Economics About

Economists study the production and distribution of resources, goods, and services by collecting and analyzing data and researching trends. They provide specialist advice to a range of stakeholders and work across multiple domains. With the rapidly globalizing economic scenario, qualified economists are in huge demand not only in India but also across the world. They analyze all the data they have gathered to assess feasibility, do forecasts of economic trends and make recommendations of ways to improve efficiency. The research and analysis of data are done using a variety of software program, including spreadsheets, statistical analysis, and database management program.

Economics
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Career Roles & Responsibilities
  • Analyzing and interpreting foreign policies.
  • Liaising with government officials, international organizations, governmental or otherwise, and the public media.
  • Providing employers with professional advice regarding foreign policies.
  • Conducting and evaluating programs and activities regarding international cooperation.
  • Developing a forecast on international policies and trends.
  • Collaborating with international institutions.
  • Providing statements for the media on foreign policies and activities.
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Career Education Path Summary

How to Pursue a Career in Economics

 

Stream

Graduation

After Graduation

After Post Graduation

Path 1

Clear Class XII in Any Stream with/ without Economics as a subject (mathematics is compulsory)

Pursue B.A.(H) Economics BBA-FIA/ BMS for 3 years

Pursue Masters in field you want to do specialization in (International Eco etc.)

Pursue M.Phil/ PhD/Job

Path 2

Clear Class XII in Any Stream with/without Economics as a Subject (Mathematics is compulsory)

Pursue B.A. (H)- Economics/ B.A. (H) in Business Economics/ BBA-FIA/ BMS for 3 years

Pursue Post Graduation in Management/ Any Other Related Discipline for 2-3 years

Pursue PhD for 2-3 years/Job

Path 3

Clear Class XII in Any Stream With/without Economics as a subject (Mathematics is compulsory)

Graduation + post-graduation Pursue M.Sc Integrated Program in Economics for 5 years

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  • Advise businesses, governments, and individuals on economic issues
  • Design policies or make recommendations for solving economic problems
  • Write articles for publication in newsletters and academic journals
  • Apply theories and trends to benefit different organizations and industries
  • Review new legislation, like minimum wage requirements or tariffs
  • Provide economic advice to diverse set of stakeholders
  • Carry out Research and analysis of past and present economic issues
  • Analyze data using understanding of economic relationships to uncover trends
  • Prepare reports, tables, and charts that present research results through exhaustive analysis of data
  • Interpret and forecast impact of market trends on business/ economy
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Career Pros Details
  • Economics is one of the most sought after career options. With the growing economy worldwide, economists are in great demand in colleges and universities, banks, rating agencies, securities firms etc. Some of them can pay an economist in 6 figures. They have a high ability to influence the standard of living of an average man on the street.
  • An experienced & knowledgeable Economist can talk his way out & gain respect from people from all walks of life.
  • An economist is better informed of the complexities in the world.
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Career Cons Details
  • A career in economics has a wide scope, however, it’s not everyone’s piece of pie. One has to be in the know-about of all economic events happening in the world, be consistent throughout the graduation and post-graduation period and even after his studies are completed.

 

  • Outstanding knowledge of Political and International Relations studies and theories:
  • Being able to conduct research on International Relations data;
  • knowing how to collect and sort data and findings from surveys, elections, legislation, and the media; and
  • analyzing and documenting data.
  • Excellent research and project development skills:
  • Being able to translate ideas into practical goals and to define projects on international social issues; and
  • applying theoretical and diplomatic approaches to international problems.
  • Strong interpersonal, communication, and assessment skills:
  • Easily and efficiently identifying international struggles and issues (e.g. ecology, terrorism, and international cooperation regarding armed conflicts).
  • Analytical, problem-solving, and conflict resolution skills:
  • Using creativity and imagination to develop new theories and to apply new solutions to problems.
  • Organizational and time management skills:
  • Strategically structuring and customizing interview materials and observation sheets; and
  • prioritizing and planning work activities so as to use time efficiently while managing a high volume, diverse workload.
  • Exceptional professionalism and strong work ethic:
  • Being trustworthy enough to handle sensitive/confidential information
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