Studying Economics

Eligibility, Courses, Specialisations, Syllabus, Scope

What is Economics?

Economics is the subject that deals with production, wealth transfer, and consumption. The subject explores the workings behind the purchasing and distribution of products. Economics studies market interaction between people and the state at large.  

This is a very diverse field of study and there are different branches in this stream that a student can explore. For instance, crime, family, education, politics, war, science, religion, health, social institutions, etc. are all lesser stereotypical branches of Economics. 


Degrees Offered for Economics - 

Undergraduate Level 

Here are a few degrees offered at this level:


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Postgraduate Level 

Here are a few degrees offered at this level: 

  • Master of Arts (M.A.) in Economics

  • Master of Commerce (M.Com) in Applied Economics

  • Master of Philosophy (M.Phil) in Business Finance & Economics

  • Master of Science (M.Sc) in Financial Economics and Administration

  • Doctor of Philosophy (Ph.D.) in Business Economics

  • Master of Arts (M.A.) Economics with a specialisation in Energy Economics

  • Integrated Master of Arts (M.A.) in Economics

  • Master of Science (M.Sc) in Agricultural Economics

  • Master of Arts (M.A.) in Applied Economics


Specialisations in the field of Economics - 

Here are some specialisations in Economics that one can opt for: 

  • Business Economics

  • Business Economics Hons

  • Economics

  • Economics and Finance

  • Economics and Mathematics

  • Economics Hons

  • Economics with Data Science

  • Economics with Data Science Hons

  • Economics with Finance (Minor)

  • Economics with Management (Minor)

  • Economics, Mathematics, Statistics

  • Economics, Media Studies, and Political Science

  • Economics, Political Science, Sociology


Eligibility Criteria for Studying Economics - 

Undergraduate level 

  • Candidates who have given their class 12 board exams are eligible to apply.

  • Candidates who had Commerce are eligible to apply.

  • Students expecting their board results in class 12 can also apply.

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Postgraduate level 

  • Candidates need to have a bachelor's degree in Economics from any recognised university. 

  • Students need to have a minimum of 50% as their aggregate for applying to most of the postgraduate commerce courses. 


Entrance Exams for Studying Economics -

Here are some entrance exams that a candidate can appear for: 


Aptitude required for studying Economics -

If you wish to take up Economics as a subject, below are some skillsets that you should master: 

  • Quick Thinking Skills 

  • Problem-Solving Skills 

  • Critical Analysis Skills 

  • Numeric Skills 

  • Time Management Skills 

  • Logical Reasoning


Syllabus for Economics - 

Here are some papers that Economics covers: 

  • Mathematical Methods for Economics 

  • Microeconomics

  • Art of Communication

  • Environmental Science

  • Statistical Methods for Economics

  • Data Analysis

  • Introductory Econometrics

  • Research Methodology

  • Contemporary Economic Issues

  • Indian Economy 

  • Development Economics 

  • Game Theory

  • International Trade

  • Public Economics

  • Financial Economics

  • Applied Econometrics

  • Economic History of India

  • Political Economy 

  • Economics of Health and Education

  • Environmental Economics

  • Open-Economy Macroeconomics

  • Money and Financial Markets

  • Comparative Economic Development 

  • Law and Economics


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Career Prospects/Placements for Economics Students -

Mentioned below are some job profiles that students of Economics get placed in: 

  • Sales Analyst

  • Economics Researcher

  • Economist

  • Investment Analyst

  • Investment Administrator

  • Customer Profit Analyst

  • Professional Economist

  • Financial Risk Analyst

  • Data Analyst (Banking Sector)

  • Financial Planner (Banking Sector)

  • Financial Controller/Financial Economist

  • Equity Analyst

  • Cost Accountant

  • Business Economist

  • Agricultural Economist

  • International Economist (Specialization)

  • Industrial Economist (Specialization)

  • Labour Economist (Specialization)

  • Actuary


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Starting Salary for Economics Students -

The starting salary for an Economics professional in India is between 4-7LPA.


 Subjects similar to Economics -

Candidates looking for similar subjects to accountancy could opt for International Studies, Finance, Banking, Accountancy, Mathematics, Statistics, etc.