Economics is the subject of great
opportunities, especially in the developing country, like India. But the doubt
is that how many of our new generation has realized this since still they are behind
only the Engineering and Medicine.
Courses
All most major Indian colleges
and universities offer BA, MA, MSc, M.Phil and PhD course in Economics. The
basic qualification for BA in any discipline is placement. You can join PG courses if you have a degree.
Today, because of this massive
development, specialization in different disciplines is possible. Development
Economics, World Economics, Financial Economics, Business Economics, Labor
Economics, International Economics, Industrial Economics, Agricultural
Economics, etc. are the major specialization available. Econometrics is the other
promising subject.
Development Economics deals
with financial problems of developing countries. Industrial Economics comes
under the scope of industrial growth. How to increase the sales of products, to plan
their methods, the availability of available resources, the utilization of new
markets and the development of new markets are comes under Industrial Economics.
The mission of Labor Economics is to develop scientists who can solve scientific
solutions of labour problems. The analysis of financial policies, including tax
proposals, the value of currencies, the impact of tax proposals in the clouds
such as trade, and the reflection in the banking zone, comes under the study of
Financial Economics. International Business Economics is the subject of
international trade and trade.
INSTITUTIONS
Although most institutions
offer economics as a subject of study, it is better to join the cream
institutes for higher studies. Indira
Gandhi Institute of Development Studies in Mumbai, Jawaharlal Nehru University
of Delhi, The Center for Economics and Social Studies in Hyderabad , Institute
of Economics Growth of Delhi, Cochin University of Science and Technology,
Delhi School of Economics, Madras School of Economics, Banaras Hindu University
, The Center for Development Studies, Thiruvananthapuram are some of the leading
institutions in the country. Those who
complete their plus two can try for an admission of 5 year integrated course in
IITs.
Doing an MBA for an Economics
graduates will helpful in getting a better placement because economics is one
of the most important subject in most management courses. It is of utmost
importance that they specialize in banking, finance, stock and commodity
broking in MBA. The Indian Institute of Capital Markets is conducting one year
's securities market program at post graduate level. Graduates or postgraduate
degrees in any discipline is the required qualification. There will be an entrance
examination at the national level. Visit www.utiicm.com for more information.
Experts in economics will get
job in banking, insurance, stock broking, finance etc. There will be employment
in government institutions, massive businesses, publications, etc also.
Postgraduate in Economics can appear
the Indian Economics Service of the UPSC and join higher positions in Govt. of
India. There are opportunities in the Banking, Teaching and Research etc. They can turn to management field. In this era of globalization, there are many
opportunities in the private zone also.