Introduction to Economics 

Economics branch can be defined as the branch which deals with the production, consumption and transferring of wealth. Economics is referred to as the green subject due to its demand and high utility in the job markets. Economics is the very important sector for both career and job opportunities. Due to a rapid growth of the global economic scenario, economists are in huge demand not only in India but also across the world.

Economics degree

Economics sector has various UG ( Undergraduate level ), PG ( Postgraduate level ), Ph.D. Level, and diploma courses available. The candidates who possess the great interest in an economic development area, market trends of different sectors, social services, quantitative aptitude, statistics, logical thinking, etc can opt for this course.

An economist's personal attributes:

  • Logical and analytical thinking

  • Multiple abilities

  • An interest in the sector pf current affairs ( Social and political )

  • Problem-solving ability

  • Optimistic attitude

  • Knowledge of overseas economic trends

  • Decision-making ability

  • Good communication and project management skills

Top Economic Colleges in India 

  • Lady Shri Ram College For Women – Delhi

  • Xavier’s College - Kolkata

  • Loyola College - Chennai

  • Hindu College - Delhi

  • Delhi School of Economics - Delhi

  • Jawaharlal Nehru University - Delhi

  • Presidency College – Kolkata

  • University of Delhi, South Campus – Delhi

  • Stephen College, Delhi University – Delhi

  • Christ University – Bangalore

  • AIMS Institute – Bangalore

  • Jai Hind College – Mumbai

  • Sacred Heart College – Kerala

  • Symbiosis School of Economics - Pune 

Lady Shri Ram College For Women – Delhi

Lady Shri Ram College for Women is located in New Delhi. It is considered one of the best colleges and is affiliated to Delhi University. The cut off is pretty high in this college and the students should have a good academic base and marks.

Shri  Ram College of Commerce – Delhi

Shri Ram College of Commerce which is located in Delhi provides graduate and postgraduate courses. This institution is affiliated to the University of Delhi. The cut off in this college is higher than other colleges affiliated to the University of Delhi.

St. Xavier’s College – Kolkata

St. Xavier’s College offers UG and PG courses and also professional, Certificate and Diploma courses.
Admissions in this college is offered to all the communities irrespective of caste and nationality but some preferences are given to the educational necessities of the minority community.

Loyola College – Chennai

Loyola College offers 18 undergraduate courses. This particular college has secured A grade by the National Assessment and Accreditation Council ( NAAC ). The admission of this college is based on academic performance and the personal interview.

Hindu College – Delhi
Hindu College Delhi is one of the oldest colleges located in Delhi. It offers undergraduate and postgraduate courses. The cut-offs of this particular college is extremely high.

Eligibility Criteria 

  • 10+2 or any equivalent examination in any stream from a recognized board of the country.

  • Few universities and colleges give importance to students who have studied Economics at 10+2 level.

  • Admission process differs from colleges to colleges.

  • Few institutions will have direct admission through the marks obtained at 10+2 level and the process will be done through the Merit list.

  • Few Institutions will have a separate entrance examination and the candidates will be selected through the marks obtained in the entrance exam followed by an interview.

The scope of Economics:

  • There are plenty of opportunities available in this field. Graduates can get an enormous number of opportunities in various sectors both Government and private sectors.

  • Government sectors such as Economic Services, Indian Civil Services, Reserve Bank of India, Ministry of Economic Affairs, Planning commission, etc.

  • Private sectors include NGOs, International Aid Agencies, Asian Development Bank, Consultancy firms etc.

Career options for Economics

Job roles:

  • Consultant

  • Financial Analyst

  • Cost Analyst

  • Forecaster

  • Operations Coordinator

  • Regulatory Affairs Analyst

  • Research Analyst

  • Customer Profit Analyst

  • Securities Analyst

  • Investment Administrator

Sectors providing job opportunities for the Economic sector

  • Economic Research Institutions

  • Agricultural Companies

  • Stock Exchange

  • Analysis or Forecasting firms

  • Financial Information Firms

  • International Trade companies

  • Banks/Credit Unions

  • Statistical Research Firms

  • Manufacturing Firms

Leave a comment