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| Edited By: NC Pahariya |Source: DNA |Updated: Nov 19, 2013, 11:17 PM IST
The subject deals with production, distribution, exchange and consumption of various goods and services. It has been perceived as a traditional social science for decades and now, it has emerged as a new gateway for corporate careers in recent years. Growth in sectors such as finance, banking, insurance and other allied sectors has created huge demand for economics graduates.
Economists play multifaceted role, as they are required in market research, equity research in the financial service sector, rural development, demographic studies and economic analysis and the formulation of policies. The analysis of the trends and economic and corporate activity done by the financial services sector is utilised by govt organisations as well as the public and private sector organisations.
Students who wish to study the subject after graduation should have interest in statistics and mathematics. A good economist requires mental ability to analyse and make reports based on facts.
To be eligible for the master's in economics, students must have scored at least 50% marks in graduation. The admissions at RU are done on the basis of merit. There are various branches of the subject in which students can specialise. From agriculture to international economy, an economist can specialise in many fields of human activity. Agricultural economics, managerial economics, power economics, economics of public health are some of the specialisation areas.
In India, there are many organisations such as Federation of Indian Chamber of Commerce and Industry (FICCI), The Associate Chambers of Commerce and Industry of India (ASSOCHAM), Indian Council for Research on International Economic
Relations, Council of International Investigators (CII) where students can do research in economics. All these organisations conduct written examination and interviews for admission.
Apart from banking, insurance and other financial service sectors, students can also get opportunities in the government sector.
As told to Ajay Singh
