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Careers
In
Economics
Introduction

Job Prospects
Remuneration

Institutes

Introduction

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Economics is the branch of social science that deals

with the study of production, distribution and
consumption of goods and services. In other words,
it is the study of how the forces of supply and
demand allocate scarce resources. The term
economics comes from the Greek words, oikos
(house) and nomos (custom or law), hence 'rules of
the house (hold)'. Economics play an important role
in all aspects of our life whether it is social, political
or economic as well as day to day matters. It is
based on this pillar that the progress of a country
stands.

Job Prospects

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Globalisation and economic liberalisation has widened the

job prospects of economists in business, education,
government and non- profit sector. Well-trained economists
are in huge demand across industries, not only at the national
but at the international level as well.
Opportunities for economics academicians are available in
finance sector, urban and rural development, foreign trade,
colleges and universities, government service etc. Planning
commissions, management consultants and organizations
associated with data collection and interpretations recruit
economics graduates at lucrative terms. Economics
professionals are employed as economic analyst, finance
economist, econometrician, economic advisor and economist.

Remuneration

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The average salary for an Economic Analyst is Rs

409,756 per year.

Institutes

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Madras School of Economics,Chennai , Tamil Nadu.

Indian Institute of Economics,Hyderabad , Andhra
Pradesh.
Institute of Home Economics,New Delhi , Delhi NCR.
Amity School of Economics,Noida , Delhi NCR.