Economics

Economics

 

Introduction

 

Economics is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services.

Basically what economists do is analyze how people create goods and services by allocating limited resources like raw materials, land, technology, and labor. They do this by researching and monitoring things like exchange rates, business trends, taxation, employment rates, inflation, and costs of materials. They then try to find trends and develop predictions based on the data.

 

If you enjoy researching and analyzing economic issues and their related data using math and statistic?

If you enjoy making forecasts, designing policies and advising others through reports and presentations?

Then working as an economist might be an ideal career choice for you.

 

Specialization

 

  • Financial Economist
  • Industrial Economist
  • Business Economists
  • Labour Economist
  • Agricultural Economist

 

Skill Set

 

  • Logical Analysis
  • Quantitative Abilities
  • Observation and Inference from Data
  • Interest in Current Affairs
  • Oral and Written Communication Skills
  • Ability to Study, understand, remember and even apply scientific facts and theories to real life

 

Career Path

 

  • 11th/12th- Commerce/Science/Arts preferably with maths
  • Graduation- BA (Hons), B.Sc (Hons), B.Com (Hons)
  • Post Graduation- MA (Eco), MBE, MBA, M.Com, M.Sc, Integrated M.Sc

 

Top Institutes

 

Delhi University affiliated colleges, New Delhi

 

Course: BA Economics Hons.

Eligibility:

  • An aggregate of 45% marks in the qualifying examination.
  • The applicants must have studied and passed Mathematics at the qualifying exam for admission to B.A. (Honours) in Economics.

Admission Mode: Marks Based

 

Some Colleges under Delhi University

 

  • Aryabhatta College
  • Atma Ram Sanatan Dharma College
  • College of Vocational Studies
  • Daulat Ram College (W)
  • Delhi College of Arts and Commerce
  • Deshbandhu College
  • Dr. Bhim Rao Ambedkar College
  • Dyal Singh College
  • Gargi College (W)
  • Hans Raj College
  • Hindu College
  • Indraprastha College for Women (W)
  • Kalindi College (W)
  • Kirori Mal College

 

St. Stephen’s Delhi, New Delhi

 

Course: BA Economics Hons.

Eligibility:

  • An aggregate of 45% marks in the qualifying examination.
  • The applicants must have studied and passed Mathematics at the qualifying exam for admission to B.A. (Honours) in Economics.

Admission Mode: Marks based + Interview

 

Faculty of Applied Social Sciences and Humanities , New Delhi

 

Course: Bachelor of Arts (Honours) in Business Economics

Eligibility Criteria: Aggregate of 60% marks in the qualifying examination based on a simple average of the percentage scored in four subjects: one language English, Mathematics and any two other subjects

Admission Mode: Entrance Test: 65% Qualifying Examination: 35%

 

Some Colleges under Faculty of Applied Social Sciences and Humanities

 

  •  Aryabhatta College
  • B.R. Ambedkar College
  • College of Vocational Studies
  • Gargi College
  • Lakshmibai College
  • Maharaja Agrasen College
  • Shivaji College
  • Sri Guru Gobind Singh College of Commerce
  • Sri Guru Nanak Dev Khalsa College
  • Sri Guru Tegh Bahadur Khalsa College

 

St. Xavier’s College, Kolkata

 

Course: B.Sc in Economics Honours

Eligibility: Compulsory Subject(s) in +2 level:Mathematics (Business Mathematics is not accepted) Mathematics + any 3

Admission Mode: Merit Bases

 

Fergusson College, Pune

 

Course: BA Economics

Eligibility: 10+2 Pass

Admission Mode: Marks Based

 

Ashoka University, Sonipat

 

Course: Economics (B.A. Hons.)

Eligibility: Mathematics compulsory in 11th and 12th

Admission Mode: Application and Interview Round

 

Application Round

 

  • Personal details
  • Academic Score (9-12th)
  • SAT/ACT (optional)
  • Personal essay
  • Letter of Recommendation

 

Interview Round

 

  • On-the-spot essay; Mandatory (30 minutes)
  • Ashoka Aptitude Test; Highly Recommended (90 minutes)
  • Interview with a panel; Mandatory

 

 

Mumbai University, Mumbai

 

Course: BA

Eligibility:  H.S.C. (XII Std.) Or Equivalent Exam, Passed for admission to

F.Y. B.A.

Admission Mode:  Marks Based

 

Christ College, Bangalore

 

Course: BA Economics

Eligibility:  Plus2 with any group

Admission Mode: Marks Based

 

Madras Christian College , Chennai

 

Course: BA Economics

Eligibility: 10+ 2 with any stream

Admission Mode: Marks Based

 

Panjab University, Chandigarh

 

Course: B.A Economics

Eligibility: passed 10+2 with minimum of 60% aggregate marks.

The candidate must have passed in Mathematics / Statistics at 10+2 or equivalent examination.

Admission Mode: 12th Marks Based

 

Symbiosis School of Economics , Pune

 

Course: B.Sc Economics Hons

Entrance Test: The Symbiosis Entrance Test (SET)

 

Selection Process

 

Based on the SET score, the institute will conduct a Personal Interaction (PI) and Writing Ability Test (WAT) for the short listed students. The short- listed candidates will ge t a call for the PI-WAT.

 

Structure of SET 2017

 

General English    |    Quantitative    |    G.K    |    Analytical & Logical reasoning

Negative Marking: There is no negative marking for wrong answers

 

Presidency College , Chennai

 

Course: BA Economics

Eligibility:  10+2

Admission Mode: Marks Based

 

Loyola College, Chennai

 

Course: BA Economics

Eligibility: Candidate who passed 12th class

Admission Mode: Marks Based

 

Narsee Monjee College, Mumbai

 

Course: B.Sc Economics

Eligibility: passed 10+2 with minimum of 60% aggregate marks.

The candidate must have passed in Mathematics / Statistics at 10+2 or equivalent examination.

Admission Mode: Entrance Exam (NMIMS-NPAT)

 

Paper Pattern:

  • (MCQs) type       
  • Duration- 2 hours i.e. 120 minutes
  • Negative marking of ¼ marks
  • The paper will consist of three main parts i.e.
  • Proficiency in English language
  • Quantitative and numerical ability
  • Reasoning and general Intelligence.

 

BITS- Pilani Campus, Goa Campus, Hyderabad Campus

 

Course: Integrated M.Sc Economics (Hons)

Eligibility: passed 10+2 with 60% aggregate with Physics, Chemistry, and Mathematics and adequate proficiency in English and min 50% in each subject.   

Admission Mode: Entrance Exam (BITSAT)

 

Paper Pattern:

  • (MCQs) type       
  • Duration- 3 hours
  • The four parts are:
  • Part I: Physics (40 questions)
  • Part II: Chemistry (40 questions)
  • Part III: English proficiency (15 questions) and logical reasoning (10 questions)
  • Part IV: Mathematics or Biology (45 questions)
  • Total: 150 questions

 

Indian School of Business and Finance (ISBF), New Delhi

 

Course:

  • B.Sc Economics       
  • B.Sc Economics & Finance    
  • B.Sc Economics & Management

Eligibility: must have passed the Class XII examination with an aggregate of at least 70% marks. (Including English).

  • Candidates applying for BSc (Hons) Economics or BSc (Hons) Economics & Finance must have studied, or be studying, Mathematics in Class XII
  • Candidates applying for BSc (Hons) Economics & Management must have studied Mathematics up to Class X

       Admission Procedure:  IMET (ISBF Maths English Test) + Personal interview

 

Paper Pattern: IMET   

  • Paper 1: English- 100 marks (comprehension, vocabulary and writing abilities)
  • Paper 2: Mathematics- 100 marks each (2 kinds of Papers)
  • 10th Level- B.Sc Eco & Mgnt      
  • 12th Level- B.Sc Eco or B.Sc Eco & Finance

 

Guru Nanak Dev University, Amritsar

 

Course: B.Sc (Hons.) Economics   

Eligibility: (12th grade) with at least 50% marks (45% for SC/ST)

Admission Mode: Merit Basis Dev University, Amritsar

 

 

JOB PROSPECTS

 

  • Business
  • Banking and Finance  
  • Education and Communication
  • Government and Public Sector
  • Economic Consultant. Economic consultants use analytical and research skills to carry out studies regarding economic scenarios
  • Compensation and Benefits Manager
  • Credit Analyst
  • Financial Analyst
  • Policy Analyst 

 

INDIAN ECONOMICS SERVICES-IES

 

You must have a Post Graduate Degree from a recognized university in Economics/Applied Economics/Business Economics/Econometrics, and then only you will become eligible for Indian Economics Services Examination which is conducted by UPSC. The age limit for this examination is 21 to 30 years

 

 

 

Disclaimer: The information provided here is to the best of our knowledge. It is highly recommended that you cross check the source of information through the specific Colleges and Universities. Career Prabhu is in no way responsible for the decisions made solely on the basis of this document