Dr Sunil Kumar S
Menon, Assistant Professor and Head, Department of Economics, Maharaja's
College, Kochi
Economics deals with all aspects of a country's economy, from utilizing its resources, to dealing with the problem of scarcity, and avoiding problems such as inflation and unemployment. It is economics that attempts to frame policies for the elimination of crisis and sets strategy for growth. Even ordinary people are concerned about the various developments in the economy. Hence, there is a growing demand for the subject of economics today specially among civil service aspirants.
Students who have completed their plus two in any stream can opt for a degree in Economics, and graduates in Economics or any degree, can apply for a post-graduation in Economics. Those who have opted mathematics as a subject during graduation will have an upper hand than others.
Apart from this, a reasonable quantitative aptitude, sensitivity towards social issues and enthusiasm for experimental learning are essential skills. Similarly, ability to draw and interpret graphs and figures, and a nose to draw inference from data are added advantages for economics students.
Economics as a subject offers various new specialisations like risk management economics, cultural economics, behavioural economics, behavioural game theory and so on. Game theory has been an emerging trend and interdisciplinary areas like complexity economics and econophysics are also evolving rapidly.
Of late, there has been revived enthusiasm in traditional fields of economics like the economics of the commons, environmental economics, macroeconomics, monetary economics, time series econometrics, market design and experimental economics. There is also a tendency for research in economics to be guided by the requirements of the market.
Economics graduates/post graduates with a specialisation are highly in demand today and great opportunities exist both in the private and public sectors. Graduates in economics can find decently paid jobs with banks, stock brokers and stock exchanges. Market regulators like SEBI, FMC and TRAI strictly prefer economics students as it is easier to communicate the basic concepts with them.
With a post-graduation in economics, one can work in international institutions like the World Bank, the IMF, WTO etc. Those who clear UGC National Eligibilty Test and JRF (Junior Research Fellowship) are eligible for teaching economics in colleges after undertaking research and a doctorate degree in Economics is much appreciated.
Apart from this, the RBI employs post graduate economists through a competitive examination and the corporate sector also hires economics analysts. The UPSC conducts an all India examination to select post graduates for the Indian Economic Service. It is a Group- A civil service constituting a professional cadre of economists, who make valuable contribution to policy making, implementation and monitoring of development programmes.
Students who have completed their plus two in any stream can opt for a degree in Economics, and graduates in Economics or any degree, can apply for a post-graduation in Economics. Those who have opted mathematics as a subject during graduation will have an upper hand than others.
Apart from this, a reasonable quantitative aptitude, sensitivity towards social issues and enthusiasm for experimental learning are essential skills. Similarly, ability to draw and interpret graphs and figures, and a nose to draw inference from data are added advantages for economics students.
Economics as a subject offers various new specialisations like risk management economics, cultural economics, behavioural economics, behavioural game theory and so on. Game theory has been an emerging trend and interdisciplinary areas like complexity economics and econophysics are also evolving rapidly.
Of late, there has been revived enthusiasm in traditional fields of economics like the economics of the commons, environmental economics, macroeconomics, monetary economics, time series econometrics, market design and experimental economics. There is also a tendency for research in economics to be guided by the requirements of the market.
Economics graduates/post graduates with a specialisation are highly in demand today and great opportunities exist both in the private and public sectors. Graduates in economics can find decently paid jobs with banks, stock brokers and stock exchanges. Market regulators like SEBI, FMC and TRAI strictly prefer economics students as it is easier to communicate the basic concepts with them.
With a post-graduation in economics, one can work in international institutions like the World Bank, the IMF, WTO etc. Those who clear UGC National Eligibilty Test and JRF (Junior Research Fellowship) are eligible for teaching economics in colleges after undertaking research and a doctorate degree in Economics is much appreciated.
Apart from this, the RBI employs post graduate economists through a competitive examination and the corporate sector also hires economics analysts. The UPSC conducts an all India examination to select post graduates for the Indian Economic Service. It is a Group- A civil service constituting a professional cadre of economists, who make valuable contribution to policy making, implementation and monitoring of development programmes.
sherene.joseph@timesgroup.com
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