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Economics

Summary

Economics is an important discipline that studies how societies manage resources and respond to incentives. Economists perform thorough assessments of market patterns, giving vital insights that inform government policies and company strategy. They play an important role in developing economic policies that promote growth and general well-being. This subject provides a wide range of job options in public policy, finance, and academia, allowing individuals to create good change and contribute to the economic health of communities and nations.
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Professional Opportunities

Career Options Description
Economist Engages in comprehensive analysis of economic data to identify emerging trends, offering valuable insights that inform and shape sound policy decisions.
Policy Analyst Delivers expert recommendations on public policy issues, leveraging economic data to provide a robust foundation for strategic decision-making.
Financial Consultant Offers tailored economic and financial advice to businesses, empowering them to navigate complex economic landscapes and enhance their overall performance.

Career Path

Program Level Program Eligibility Criteria Stream Minimum Marks
Bachelors Bachelor's Degree in Economics (BA/BSc) Completion of 10+2 education Any stream Minimum 50% aggregate (may vary by institution)
Masters Master’s Degree in Economics (M.A./M.Sc.) Bachelor’s degree in Economics or a related field Economics/Finance/Statistics Minimum 55% aggregate (may vary by university)
Ph.D. Ph.D. in Economics (Optional) Master’s degree in Economics or a related discipline Economics/Research Minimum of 60% aggregate (may vary per university)

Leading Institutes

Institute Name Location
Delhi School of Economics (DSE) New Delhi
Indian Statistical Institute (ISI) Kolkata
Jawaharlal Nehru University (JNU) New Delhi
University of Delhi (DU) New Delhi
Tata Institute of Social Sciences (TISS) Mumbai
Madras School of Economics (MSE) Chennai
University of Mumbai (Mumbai University) Mumbai
Indian Institute of Management (IIM) Various Locations
Banaras Hindu University (BHU) Varanasi
University of Calcutta Kolkata

Entrance Exams

Entrance Exam Conducting Body UG/PG Level
Joint Admission Test (JAM) IITs PG
Graduate Record Examination (GRE) Educational Testing Service (ETS) PG
Delhi School of Economics Entrance Exam Delhi School of Economics PG
JNU Entrance Examination Jawaharlal Nehru University UG/PG
TISS National Entrance Test (TISSNET) Tata Institute of Social Sciences PG
Calcutta University Entrance Exam University of Calcutta UG
BHU UET Banaras Hindu University UG
IIM Admission Test (CAT) Indian Institutes of Management PG
Central University Entrance Test (CUET) National Testing Agency (NTA) UG/PG

Work Description

  • Analyzing economic data and creating reports.
  • Researching economic concerns.
  • Advise firms and governments on economic strategy.
  • Developing public policies and economic improvements.

Pros & Cons

Pros Cons
High demand for economists in various sectors Requires strong analytical and research skills
Opportunities for policy-making and public service Can be data-heavy and theory-intensive
High earning potential Complex and evolving regulations