- Trending Categories
Data Structure
Networking
RDBMS
Operating System
Java
iOS
HTML
CSS
Android
Python
C Programming
C++
C#
MongoDB
MySQL
Javascript
PHP
Physics
Chemistry
Biology
Mathematics
English
Economics
Psychology
Social Studies
Fashion Studies
Legal Studies
- Selected Reading
- UPSC IAS Exams Notes
- Developer's Best Practices
- Questions and Answers
- Effective Resume Writing
- HR Interview Questions
- Computer Glossary
- Who is Who
What is economics? Which career can a student opt if he studies economics?
Economics in simple terms is a discipline that deals with the production, distribution, exchange, and consumption of goods and services which happen in a circular flow in a country. Economics is broadly divided into micro economics and macro economics. While the former deals with individuals firms, consumers and production units and the latter deals with aspects of GDP and National Economy.
After studying Economics, there are a plethora of career options which the student can pursue. It includes the following:
Analyst
The role of an Analyst in the company involves understanding any issues that the company is facing and what can be the possible solution to it. The Analyst plays an important role in evaluating the pros and cons of a new policy in the company based on the existing resources and documenting the requirements once the policy is implemented.
Company Secretary or Chartered Accountant
The role of a Company Secretary is to see whether a policy works in confirmation with the rules and regulations of the organization and proper execution of the decisions made by the board of directors. Company Secretary is a very good career option for the students of Economics considering the fact that they study functioning of an organization and its elements. Chartered Accountants play an extremely important role in the companies. They themselves work in different fields like audit, taxation, financial management, etc.
Social Entrepreneurship
Economics talks all about entrepreneurship and this is one dimension that younger generation can opt for.
NGOs are today becoming a very important component of the civil society. Economics graduates can excel in this career with their knowledge of economic theories and contemporary economic problems in India and around the world.
Banking
In this particular field, the graduate or post graduate of economics can appear for Probationary officers’ exams in nationalized banks. The probationary officers are expected to hold deep knowledge in different matters of economics and possess excellent communication skills. The students of economics can also appear for the exam for the post of Reserve Bank of India officer which is more difficult one to crack.
Sales or Marketing
The product has to reach the consumers and satisfy them in this competitive market. The career options related to this is marketing assistant, sales assistant, asst manager, etc. For being in this field, one must possess communication skills and more importantly understand the situation of a market to suggest the best ideas of profit maximization for products to be sold.
Human Resources
This is a stream where economics deals with people as the asset/ resources of the organization. The graduate of economics can enter this field if s/he is interested in maximizing the potential of employees in an organization and work on the verticals like training, development, motivation, etc.
- Related Articles
- What is Economics?
- Careers in Economics
- Positive and Normative Economics
- What roles does NGO’s play in economics and politics?
- Keystone XL Pipeline – Timeline, Economics and Why Is It Important?
- Economic Choice of Conductor Size – Kelvin’s Law (Economics of Power Transmission)
- Priya got 18 marks out of 25 marks in History and 14 marks out of 20 marks in Economics. In which subject did she perform better?
- How can I support and take care of my husband when he is not doing good in his career?
- What is ghostwriting and what are the job prospects if I embrace it as a career?
- How Technology can Boost your Career
- What is the scope of a career for a Python developer?
- What is the career prospect in drone technology?
- Which is the best Programming language for career growth and development?
- Data Science vs. Cyber Security: Which Career is Best for You?
- A student is given a mixture of naphthalene ball’s powder and common salt. He needs to separate this mixture. How will he do this?
