Economics
Economics is the study of deep insight in economical functions at macro and micro levels to handle the global market. It is the science of economic system and theories that manages production, distribution and consumption of goods and services. Economics favours quantitative skills and critical thinkers. Fields involved in economics are econometrics, international economics, economic policy making, public finance, development economics, monitory economics, etc. Economics as a career provides good opportunities to conquer an edge in today's globalizing world. The industrial sector has great demand for economist at both the national and international level. The fastest growth in demand for economics is being witnessed in the private sector, especially in the areas of consulting and economic research. Economists are equally important in the government sector, entry to which is on the basis of UPSC examination (Civil Services in IES). Candidates aspiring for career in Economics must have passed the 10+2 (HSC) examination from recognized Board/University with Economics as one of the recommended subjects. One can move on to pursue Bachelor's degree in Economics followed by a Master's Degree or Doctor of Philosophy degree for prospective economists to be competitive. However, job prospects are open after graduation itself. The top recruiters include Private and Public Banks, Private and Government Research Centres, Multi National Companies, Consulting Companies. Trending Field: Business Economics, Monetary economics, Financial economics
3 careers in this cluster
Economists study the production and distribution of resources, goods, and services by collecting and analyzing data and researching trends. They provide specialist advice to a range of stakeholders and work across multiple domains. With the rapidly globalizing economic scenario, qualified economists are in huge demand not only in India but also across the world. They analyze all the data they have gathered to assess feasibility, do forecasts of economic trends and make recommendations of ways to improve efficiency. The research and analysis of data is done using a variety of software program, including spreadsheets, statistical analysis, and database management program.
Indian Economic Service (IES) is an administrative inter-ministerial civil service under group A of the central civil services of the Government of India. In IES one undertakes economic analysis and render information for designing and formulating developmental policies, also monitoring and evaluating various public programs. As it is inter-ministerial therefore the IES officers serve in diverse areas such as policy making, rural developments, social sector, industry, trade etc. Apart from this, IES officers also go for deputation to serve in UN bodies, foreign government, state government etc. Recruitment is based on All India Open Competitive Examination called as IES examination, conducted by the Union Public Service Comission.
International Relations is an academic discipline that focuses on studying one’s nation policy with respect to the competitive world. This field helps you to acquire a systematic approach and ability to analyze political circumstances in the global context. International Relations is a perfect course for students who are enthralled by the study of how different countries are connected economically and politically. During this course, one will grasp the concept of interdependence of countries and their relevance in our growing economy.