The document discusses careers in economics. It begins with an introduction to economics as the study of production, distribution, and consumption of goods and services. It then discusses job prospects for economists, noting that globalization and economic liberalization have expanded opportunities across industries in business, education, government, and non-profits both nationally and internationally. Specifically, it mentions opportunities in finance, urban and rural development, foreign trade, colleges, management consulting, and data analysis. Finally, it provides some information on average salaries for economic analysts and lists several institutes where economics can be studied in India.
2. Introduction
Economics is the branch of social science that deals
with the study of production, distribution and
consumption of goods and services. In other words,
it is the study of how the forces of supply and
demand allocate scarce resources. The term
economics comes from the Greek words, oikos
(house) and nomos (custom or law), hence 'rules of
the house (hold)'. Economics play an important role
in all aspects of our life whether it is social, political
or economic as well as day to day matters. It is
based on this pillar that the progress of a country
stands.
www.entranzz.com
3. Job Prospects
Globalisation and economic liberalisation has widened the
job prospects of economists in business, education,
government and non- profit sector. Well-trained economists
are in huge demand across industries, not only at the national
but at the international level as well.
Opportunities for economics academicians are available in
finance sector, urban and rural development, foreign trade,
colleges and universities, government service etc. Planning
commissions, management consultants and organizations
associated with data collection and interpretations recruit
economics graduates at lucrative terms. Economics
professionals are employed as economic analyst, finance
economist, econometrician, economic advisor and economist.
www.entranzz.com
4. The average salary for an Economic Analyst is Rs
409,756 per year.
Remuneration www.entranzz.com
5. Institutes
Madras School of Economics,Chennai , Tamil Nadu.
Indian Institute of Economics,Hyderabad , Andhra
Pradesh.
Institute of Home Economics,New Delhi , Delhi NCR.
Amity School of Economics,Noida , Delhi NCR.
www.entranzz.com
