Career scope in economics: where to study, courses, eligibility and professional roles

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Summary

Mathematics is a compulsory subject in the Plus-Two program to pursue economics at UG level

Calcutta University, Jadavpur University, St. Xaviers College and ISI offer PG courses in Economics

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Are you actively interested in international trade, migration and the effects of globalization? Taking a course in economics will allow you to see the complex dynamics of these fields through a scientific lens as you pursue one of the most lucrative degrees in the social sciences.

Specializations in economics

How to study economics

  • You need mathematics as a compulsory subject in your class XII exams to enroll in a bachelor’s degree course in economics.
  • Admission to bachelor’s degree courses depends on your score on the Class XII board exams or your performance on the admission test, depending on the institute.
  • You can do a BSc / BA in Economics. UG’s other economics degrees include a Bachelor of Business Economics and a Bachelor of Arts in Applied Economics.
  • At the end of your degree, you can opt for a master’s degree in economics on the basis of your results or your score on the entrance examination, depending on the mode of admission in the different institutes.

Some popular economic institutes:

University of Delhi, Delhi

Some colleges in the University of Delhi that offer an undergraduate degree in economics:

  • Hansraj College
  • Shri Ram College of Business
  • St. Stephens College
  • Lady Shri Ram College
  • Hindu college

Course: BA in Economics.

  • Eligibility: You need at least 50% aggregate and math as a subject in your class XII exams.
  • Admission: Based on merit.

Jawaharlal Nehru University, Delhi

Course: MA in Economics.

  • Eligibility: You need at least 50% aggregate of your diploma to sit for the JNU entrance exam organized by the National Testing Agency.
  • Admission: Depends on your score on the entrance exam.
  • You can find more here.

University of Calcutta, Calcutta

Some colleges in the University of Calcutta that offer a Bachelor of Economics course:

  • Scottish Church College
  • Asutosh College
  • Lady Brabourne College
  • Bethune College
  • Vidyasagar College

Course: B.Sc. in Economics

  • Eligibility: You need mathematics as a subject in your Plus-Two program.
  • Admission: Based on merit.

Course: MSc in Economics.

  • Eligibility: You need a BSc (Hons) degree in Economics from any recognized university and the threshold is set annually.
  • Admission: Based on merit.
  • You can find more here.

St. Xavier’s College, Calcutta

Course: BSc in Economics.

  • Eligibility: You need at least 45% of grades in each of the four subjects included in the overall calculation as well as at least 60% of math grades in your Class XII exams.
  • Admission: Based on merit.

Course: MSc in Economics.

  • Eligibility: You need at least 50% aggregate in your final economics course.
  • Admission: Based on merit.
  • You can find more here.

Presidency University, Calcutta

Course: BSc in Economics.

  • Eligibility: You must achieve a score of 70% and need Mathematics as a compulsory subject in your Class XII exams.
  • Admission: Based on merit.

Course: MSc in Economics.

  • Eligibility: You need at least 55% of grades in your final economics course.
  • Admission: Based on merit.
  • You can find more here.

Jadavpur University, Calcutta

Course: BA in Economics.

  • Eligibility: You must pass your Class XII Council exams with at least the threshold set by the university. You also need mathematics as a compulsory subject.
  • Admission: Based on merit.

Course: MA in Economics.

  • Eligibility: You must have a degree in economics from a recognized university to sit an entrance test organized by the department concerned.
  • Admission: Depends on your score on the entrance exam.
  • You can find more here.

Indian Institute of Statistics, multiple locations

Course: MSc in quantitative economics.

  • Eligibility: You need a 3-year bachelor’s degree in any discipline with mathematics as a compulsory subject in your class XII exams.
  • Admission: You have to pass one or two tests. The number of tests is set for each program and the qualification score is determined by a unique formula set by the Institute.
  • You can find more here.

Indira Gandhi Development Research Institute, Mumbai

Course: MSc in Economics.

  • Eligibility: You need at least 55% of grades in your final economics course and 60% in other subjects to sit for an online entrance exam.
  • Admission: Depends on your score on the entrance exam.
  • You can find more here.

Delhi School of Economics, New Delhi

Course: MA in Economics.

  • Eligibility: You need at least 60% aggregate in your final course in economics to sit for an entrance exam organized by the institute.
  • Admission: Depends on your performance on the admission test and a personal interview.
  • You can find more here.

Functions with a degree in economics:

  • Indian Economic Service (IES) Officer: IES officers work for elite government agencies like the Planning Board, the Ministry of Economic Affairs and the National Sample Survey. They are recruited through the UPSC exam.
  • Market analyst: They collect data and information using various methods such as interviews, questionnaires, focus groups, market research, opinion polls, and desk reviews.
  • Operational managers: They oversee the production of goods and the provision of services to keep the organization running smoothly.
  • Economic advisers: They use analytical and research skills to conduct studies regarding economic scenarios. They work either independently or as part of a unit employed by a company.
  • Credit analysts: They perform a microeconomic analysis of potential clients to assess the risks involved in lending funds to these people or businesses.
  • Financial Analyst: They research companies, industries, stocks, bonds and other investment vehicles for financial services.
  • Policy analysts: Their job is to research and analyze issues that impact audiences. They recommend legislation and government intervention to address the issues.
  • Agricultural economist: They specialize in the economic activity of agricultural markets.
  • Stock market analyst: They analyze a company’s investments, make recommendations and track investment data.
  • Risk analyst: They work closely with traders to calculate the risk associated with specific business transactions.
  • International Banker: They work for international banks like the World Bank on financial and development programs related to economic growth.

How to study Statistics: UG and PG entrance exams, job prospects

How to study Statistics: UG and PG entrance exams, job prospects

Last updated 02 Jan 2022


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