Economics is offered to students as a subject in all three streams i.e. Science, Commerce, and Humanities. It can be said that this is mainly because 'economics' interacts with all kinds of fields and areas. Economics studies the production, distribution, and consumption of goods and services. It is not just about numbers, finance banking etc, but instead, is connected to society, crime, population, politics, religion etc.and is interconnected to many fields and areas. a crucial subject for all Commerce students is a popular course option that students like to take up after completing Class 12. It offers a wide range of career opportunities to students, both at the undergraduate and postgraduate level.
Pursuing economics will include the study of subjects like mathematical economics, statistical economics, monetary economics, international economics, developmental economics, econometrics, public finance, and economic policy making, etc.
Economics as an academic discipline can hone your analytical ability, critical thinking, and problem-solving skills.
Owing to the immense globalisation and diverse, growing economies of the world, economics as a subject is in good demand and ensures a greater understanding of the functioning of the markets around the globe.
After you obtain a degree in Economics, you can look for employment opportunities in fields like manufacturing, transport, communication, banking, insurance, investment, and retail. Once you’ve graduated, you can also pursue an MBA degree which will help you secure jobs in the corporate fields.
More often than not, students are employed in professions which may or may not be related to the subject or discipline they have majored in.
Being comfortable with numbers and accounts is an advantage if you wish to enter finance-related fields like banking, chartered accountancy, company secretaryship, cost accounting and financial analysis.
If you have strong communications skills and want to unleash your creative side as well, you can pursue a postgraduate diploma in advertising. Another good option for economics graduates is the field of Law.
After graduating with a degree in economics, you can also pursue a career in travel and tourism, publishing, hotel management, sales, and marketing.
You can also look at the option of joining the Indian Economic Service through the IES exam which is conducted by the Union Public Service Commission (UPSC). This you can take up after getting a master’s degree in economics.
Some of the job profiles and roles that economics' students can expect are accountants, auditors, actuaries, budget analysts, cost estimators, financial analysts, personal financial advisors, researcher, public policy consultant, lecturer, financial and economic journalist etc.
Economics is interconnected with many fields and professions, hence economics students can expect employment opportunities from many diverse fields and areas of the profession.