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.
Undergraduate Level
Here are a few degrees offered at this level:
Bachelor of Arts (B.A.) in Business Economics
Bachelor of Commerce (B.Com) in Applied Economics
Bachelor of Commerce (B.Com) in Business Economics
Bachelor of Business Economics (BBE)
Bachelor of Arts (B.A.) in Economics with Commerce
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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
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
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.
Here are some entrance exams that a candidate can appear for:
Delhi University Joint Admission Test (DUJAT)
State Eligibility Test (SET)
Indraprastha University Common Entrance Test (IPU CET)
Delhi University Delhi School of Economics (DU DSE)
Jawaharlal Nehru University Admission Test (JNU)
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
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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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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The starting salary for an Economics professional in India is between 4-7LPA.
Candidates looking for similar subjects to accountancy could opt for International Studies, Finance, Banking, Accountancy, Mathematics, Statistics, etc.