There
has been a noticeable trend in favour of the study
of Economics at the undergraduate level.
And why not if this could mean a possible (if not
sure) route straight into the business world.
Cutting the crap - seeing its relevance in a more
rational manner is necessary (especially for you -
so that you don’t sue us for misleading you!)
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The
subject encompasses issues such as business
cycles, market models, history of economic debt,
labour economics international trade etc(you
want variety - you got it!). Economics has an
interdisciplinary value - its study &
interpretations are of value to statisticians,
demographers, sociologists, planners, analysts’
etc( here you are - finally lots of people wanting
your expert opinion!!). Due to the ever expanding
fund of economic knowledge, more & more
economists tend to specialise in one specific area
(a very smart thing to do!)..
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We
have the Financial Economist who examines
credit structures, banking methods, regulation of
interest & discount rates (all the money you
can handle$$) He also establishes domestic &
international monetary policies. As a Labour
Economist you could work on labour policies
& as an advisor to the government or industry.
The Industrial Economist studies the
organizational structures of business concerns,
and its relation to production & marketing of
goods & |
services.
And all this, to make the maximum use of assets
& develop desirable markets (big
responsibility!).
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Then
there is the International Economist who
analyses statistical data & other information
on foreign trade to effect favourable trade
balances & establish acceptable international
trade policies (now we are talking ‘phoren’
involvement!). We also have the Agricultural
Economist who studies economic aspects of
agricultural problem & forecasts production
& consumption of agricultural products,
locates optimal markets & recommends
improvements in agricultural financing ( foresight
...hindsight... name it and you got to have it!)
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While the
condition for eligibility in most colleges for
graduation in Economics is 10+2, there are some
colleges which require 10 + 2, with science subjects.
Armed with a graduate degree in Economics, you
are entitled to go job hunting (for the post of an
Economist , of course!). Many universities offer post-graduate
courses in Business Houses & Eco , Rural Eco
etc, the eligibility condition being an honours degree
in most cases (without it your career doesn’t even
begin!!).
Economists are employed
by business and industrial firms where they concentrate
on studying economic policy with regards to general
business conditions, national & international trade
polices & governmental regulations. This
information, the company managers use , to plan further
business activities. Don’t panic! There are other
places that will employ you too -
Agricultural
Research bodies, Business Houses, senous Organizations,
Insurance companies, Banks, Planning Boards, Statistical
Offices, Commercial Editorial Positions, Research
Offices etc...
| If
you thought just your degree was enough -
you thought wrong!!
Personal
attributes desirable for success in this field
are objectiveness, logical ability to analyze
& interpret data, reason abstractly
& explain ideas clearly |
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