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Over the centuries, economics has evolved much more. Economics plays an indispensable role in today’s society and life. It significantly governs how people interact with value and focuses on how economies work. As a field of social science, economics has numerous advantages and solves many social problems. Individuals who are interested in business and management can find this subject more apt and enrol in different economics courses.
There are many types of economics courses in India you can pursue at graduate, postgraduate or doctoral levels. There are also diploma and PG diploma courses along with various online economics courses and certifications. After completing your economics degree or certifications, you can find great opportunities and bag a lucrative job as an Investment Analyst, Economics Researcher, Economist, data analyst, financial advisor, and many more.
What is Economics?
As a crucial subject, economics studies the behaviour and interaction of people with value - production, distribution and consumption of goods and services. Economics is bifurcated into microeconomics – concerned with individual firms, households, buyers, and sellers; and macroeconomics – focused on the entire economy as a whole.
Who Can Pursue Economics Courses?
Any individual who has a keen interest in business, management and economy can pursue economics courses. Students can apply for economics courses after 12th and gain specialisation in this subject by extending their studies to master’s and PhD levels. Also, professionals and experts in the finance field can opt for economics certification courses to advance their knowledge and skills in economics.
Eligibility Criteria for Economics Courses
- For a bachelor’s degree such as B.A. in Business Economics, B.Com in Applied Economics/ Business economics, and Bachelor of Economics (BE), candidates must have passed 10+2 with at least 50% marks from a recognised board.
- For master’s in economics such as M.A. in Economics, M.Com in Applied Economics, and M.Sc. in Financial Economics and Administration, candidates should hold a bachelor’s degree in a relevant stream from a recognised college/ university with at least 50% marks.
- Aspiring candidates can also go for PhD economics courses after completing post-graduation with minimum marks of 50%.
- Certain colleges conduct entrance exams for admissions to economics courses, including DUJAT, NPAT, SET, CUET, IPU CET, DU DSE, JNUEE, and ISI Admission Test.
Skills Required for Economics Courses
- Good observation skills
- Good communication
- Logical thinking
What Will You Learn in Economics Courses?
- Pursuing economics courses online or on-campus will teach you about the overall concepts of economics – micro and macroeconomics. You will have a good understanding of business and economics.
- Economics courses will teach you about production and cost theory, market structure analysis, demand theory and estimation, antitrust policy, government regulation of business, capital budgeting, inflation theory, international economics, and much more.
- You will also learn skills required to apply to your professional as well as personal life.
Popular Economics Certification Courses
As economics certification courses are short-term courses, they are designed specially to inculcate students as well as professionals with complete knowledge of economics. These online economics courses will let you explore how individuals and firms manage resources and react to insufficiency.
Here’s the list of the best economics certification courses:
Gujarat University, Ahmedabad via Swayam
Jai Narain Vyas University, Jodhpur via Swayam
IIM Calcutta via TalentSprint
The University of Western Australia, Perth via Coursera
IIT Kanpur via Swayam
IIT Kanpur via Swayam
IIT Guwahati via Swayam
IIT Bombay via Swayam
IIT Kharagpur via Swayam
IIT Madras via Swayam
Career Options in Economics
After completing economics courses online or on-campus, there are several career opportunities available in different industries. You can find employment in both public and private sector organisations. You can work in banks, financial services and consulting firms, colleges/universities, planning commission, research centres, World Bank, RBI, and MNCs. Once you complete your economics courses, you can also make a career in economic journalism and the sales and marketing field.
Top job titles you can explore after economics courses:
Economics Salary Trends
As a sought-after career option, economics has a vast career prospect and salary potential. Depending on qualifications, job profiles, skills and experience, candidates after economics courses can get an attractive salary with continual job growth. According to PayScale, with a B.A. in economics degree, a candidate can earn an average salary of INR 612,949/ year. With further studies in this field or M.A. in economics, the candidate can expect to earn INR 626,138/ year, on average.
Salary as per job profiles:
Average Base Pay (annually)
*The salary trend is based on PayScale
Scope of Economics
There is a broad scope of economics as it not only studies its subject matter. But it also studies various other things such as its scientific nature, ability to pass value judgments, and suggest solutions to real-world issues. The study of economics opens up a broad range of opportunities to gain an edge in today's globalised world. Since the growth of any business relies on economic policies, a career in this field can be much rewarding. After gaining proper skills and training, you can not only find employment opportunities at the national, but also at the international level. Economics is the foundation for every industry and organisation, hence it has incredible scope and prospects to supply.
Top Recruiters for Economics Professionals
Asian Development Bank
Q: Can I learn economics courses online?
A: Yes, there are many online economics courses offered by top institutes that are designed to provide you with complete knowledge of business and the economy.
Q: Who qualifications do I require for economics courses?
A: If you want to enrol in the Bachelor of Economics programme, you should have passes Class 12 with a minimum of 50-55% marks from a recognised board.
Q: Is pursuing economics a good option?
A: Economics deals with the study of the economic aspects of a nation. Studying economics opens various career paths at the national as well as international level in diverse industries.
Q: How to do economics certification courses?
A: There are various online economics courses and certifications you can pursue. The requirements of these courses will vary as per the course and institution you choose.
Q: How much does it cost for online economics courses?
A: The online economics courses fees will depend upon the course type and vary from institution to institution.
Q: How long does it take to complete economics courses?
A: A bachelor’s degree in economics will take 3 years while 2 years for a master’s degree. Online economics courses and certifications usually span from a few weeks to months.
Q: What do I do after economics certification courses?
A: After completing economics certification courses, you can make a career as an economist, manager, executive, financial analyst, data analyst, financial advisor, and more.
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