Description: Since economics teaches you the value of money and how it can be multiplied, it itself proves out to be a financially stronger profession. This presentation presents economics as a wide range of controversial public policy questions, including environmental regulation, government restrictions on domestic and international markets, and the structure of the legal system.

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2. Introduction
It is often said that, “Economists know how to manage the
surplus needs with scare materials.
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“ The fact that economists are
considered as seers, who are
highly predictive about the
future spending by merely
learning about the present
availability, makes us curious
about the predictability of
economics.

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In today’s highly competent markets,
there is a need for steadfast
economists, who can improve the
figure of declining economy. To learn
more about economics let’s thoroughly
learn about it:

4. What is Economics?
Economics is a subject of social-
science that studies the production,
distribution, and consumption of
goods and services.
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5. What are the various branches of
Economics?
Economics is broadly divided
into micro and macro
economics respectively:
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6. MICRO ECONOMICS
•Micro economics analyzes the
basic elements in the economy
such as markets and individual
agents such as households,
buyers, and sellers.
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•It determines the price of a particular
commodity along with the prices of
complementary and substitute goods.
•It deals with an individual product, firm, household, industry,
wages, prices, etc.

8. • It deals with aggregates like
national income, national output,
price level, etc.
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•Macro economics analyzes the entire economy such as
consumption, saving and the issues affiliated to it like labor,
capital, land, and the public policies like monetary and fiscal
MACRO ECONOMICS
• It is helpful in maintaining the
general price level.

9. Why study economics?
•Microeconomics provides the tools to
analyze individuals, firms, and
governments.
• It finds the social context and the
implications for human welfare.
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10. •It presents a wide range of
controversial public policy
questions, including environmental
regulation, government restrictions
on domestic and international
markets, and the structure of the
legal system.
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11. •Macro economics helps to explore the sources of economic
growth and the causes of its recession and inflation.
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What are the career options in this field ?
Economics is a vast field with a plethora of
career options available. To mention a few,
Economic consulting, corporate world,
masters of business administration,
government and non- profits and legal
profession are the fields one can approach
for the establishment of a settled career.

12. What is the salary offered in the field of economics?
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According to the Bureau of Labor Statistics, the employment of
economists is projected to grow 6 percent from 2016 to 2026,
about as fast as the average for all occupations.
As per the statistics, the median
annual wage for economists was
$104,340 in May 2018 and is likely to
rise more.

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