Economics

Economics is essentially in the form of social science which analyzes the consumption and distribution of goods, production and services. The field is very vast and is not restricted to just finance, business and government; but to education, war, religion, crime, family, health, politics, social institutions and science, as well.

Economics mainly explains how agents interact in economics and how economic works. Economic analysis has been applied all over the society as economic forces have a huge impact on our daily lives.

The study of economics includes:-

 

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

 

Objectives of studying economics :-

 

  • Solving national and international problems
  • Developing skills for contructive utilization of economic knowledge
  • Learning workings of the economy
  • Preparing for a career in economics or further studies
  • Developing research and analytical skills

Basic Eligibility

UG:

 

For admission in a bachelor’s degree, the candidate must have passed the Higher Secondary School Certificate (Std.XII) examination from a recognized board.


PG:

 

For joining a 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 its specialized fields are: -

 

  • Agricultural Economics
  • Business Economics
  • Rural economics and Rural Development
  • Industrial Economics
  • International Economics
  • Labor Economics
  • Natural Resource Economics
  • Development Economics
  • Econometrics
  • Financial Economics
  • Welfare Economics

Job Prospects

Economics continues to be ranked 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 organizations.

In addition to the economic consulting work in both the private and public sectors, employment prospects in sectors such as government jobs, journalism, administration, sales, finance, investment banking, and venture capital seem quite bright for economic graduates. Various international organizations like the World Bank and the International Labor Organization offer ample job opportunities to well-known economists.

 

Pay Package :-

In the age of globalization and liberalization economists are supposed to get good returns from their jobs whether in a private or public sector. In government sectors economists are getting Rs. 10,000 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 teachers are earning somewhere in between Rs. 12,000 to 25,000 per month depending on their seniority and private sectors. In private sector remuneration are even more higher. Economic consultants are also earning better returns depending upon the number of clients they own.

Arts Colleges for Economics in India

A.A. Govt. Arts College for Men

Tamil Nadu, India

A.A. Govt. Arts College for Men, Namakkal was established in 1969. The institute provides practical exposure to their students, which helps them in acquiring in depth knowledge in study. The college is affiliated to Periyar University. The college was established...

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A.B.N. Seal College

Cooch Behar, West Bengal, India

A.B.N. Seal College (ABNSC), Cooch Behar was established in 1888 by Maharaja Nripendra Narayan, an enthusiast in expanding learning in this region. First the college was founded in the bustling central hub of the town of Cooch Behar. The first Principal of this...

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A.D.M. College for Women

Nagapatinam, Tamil Nadu, India

A.D.M. College for Women (ADMC), Nagapattinam was established in 1975. The college is affiliated Bharathidasan University and accredited by NAAC with A grade. The autonomy was granted by UGC in 2004, launching the college into a new era of academics. The college...

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A.V. Kanthamma College for Women

Hassan, Karnataka, India

A. V. Kanthamma College for Women, Hassan is a premier center of higher learning in the western Malnad region of Karnataka. Malnad Technical Education Society (MTES) launched the college in a humble way in July 1966, just with 123 students at the PU level. The...

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A.V.C. College, Mannampandal

Mannampandal, Tamil Nadu, India

A.V.C. College (A.V.C.C), Mannampandal was established in 1955. It ia an autonomous college accredited by NAAC and recognized by UGC. The college aims at giving opportunities to teachers and students to make innovations utilizing their creative talents, improving...

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A.V.Postgraduate College - Hyderabad

Hyderabad, Andhra Pradesh, India

A.V.College of Arts, Science & Commerce, Hyderabad started in the year 1968 by A.V.Education Society for meeting the growing needs of higher education in the region. The college owes its existence to the initiative and untiring efforts of its founding fathers...

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A.V.V.M Sri Pushpam College, Thanjavur

Pondi, Tamil Nadu, India

A.V.V.M Sri Pushpam College (AVVMSPC), Thanjavur was established in 1956. The college has been re-accredited with Grade 'A' status by the NAAC. The college is one of premier art and science autonomous college in Thanjavur district. The college offers higher...

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Abhedananda Mahavidyalaya, Sainthia

Birbhum, West Bengal, India

Abhedananda Mahavidyalaya, Sainthia was established in 1964. Sri Sri Thakur Satyanandadev, the spiritual disciple of Swami Adhedananda and preceptor of Suri Sri Sri Ramkrishna Ashram founded the college under the affiliation of the University of Burdwan in the...

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Abhinav Institute of Technology & Management, Thane

Thane (w), Maharashtra, India

Abhinav Institute of Technology & Mangement (AITM), Thane (w) was established in 1994, is a widely recognized educational institute in the state of Maharashtra, India. The brand ‘Abhinav’ symbolizes “inovation” since it has introduced...

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AAT, Bangalore

Bangalore, Karnataka, India

Access Atlantech Media College (AAT), Bangalore provide students with a global experience in learning, adapt leading cutting edge technology to aid learning and research, partner with leading global players for acclaimed certifications and innovative education...

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