explain the sailent features function of economist and significance of managerial economics
Hello there
ECONOMICS-
- It deals with the body and characteristics of the principles.
- It is based upon some assumptions.
- In the economics the theories of distribution are studied differently.
- You will be getting both positive and normative sides in the economics.
MANAGERIAL ECONOMICS-
- It deals mainly with the applications of principles.
- Here you will do the study of theory of project only.
- This is mainly normative science. basi
These are the basic differences which I told you.
I hope it helps you!
Thank you!
Explain the salient features, Functions of Economist and significances of Managerial Economics?
Hello,
Function of economist:
- The very basic function of an economist is found in both macro and micro sectors. Macroeconomics need to the economists to find about the factors such as repo rate, inflation, multiplier effect , national income , etc. while in the microeconomic field they are expected to find about certain concepts based on individual behavior .
- they are the ones who carry out investment analysis, economies, certain economic policies .
- they provide advices on trades , market research and foreign exchange.
- they need to study business environment and thus observe the significant changes in the economy.
Significance of managerial economics:
- Business planning
- Cost control
- Price determination
- Inventory management
- making business policies.
what do we do to become an economist after a masters (MA in economic)? any Suggestion
Hello dear aspirant,
Hope you are doing well…
An economist is a professional who studies the production, consumption, and transfer of wealth in order to involve this study into practice and move the levers of modern society.
To become an economist, you have to be between 21 and 30 years old.
You must pass an entrance exam or take a test administered by the organization. If you qualify, you may be selected for the position.
After earning a master’s degree in economics, you may have the opportunity to work or serve in numerous financial institutions. You can also work in banks. You can become a financial expert at various multinational companies. In addition, many government agencies are also looking for reputable economists. You can also do internships.
Eligibility Criteria: Most of the renowned and multinational banks/ companies require a PhD degree in economics. Some MNCs also ask for an internship and a few years of professional experience in the respective field of economics.
But even with a masters degree you can apply to jobs in many big MNC’s.
Please refer to below attached link for more information
https://www.careers360.com › careersEconomist - Career, Role, Education, Jobs & Salary - Careers360
Hope this helps
Please ask if you have any more questions.
All the best for your future!!
Im good in mathematics i want to become a civil servant but in case i did not qualified UPSC then i can keep economist as a backup plan then should i choose arts in class 11? as it contains almost same subject as UPSC and... is economics is available in Arts and maths as optional?
Student
After doing BA economics, BA history hons or BA public administration doing graduation candidates goal for giving UPSC civil service examination in the main examination of civil services. Economics is a optional subject for economics graduates and Masters has a grand success rate in this exam.
If you have mathematics degree course then you can get it is as an optional in the UPSC main examination for civil service examination.
Hope this helps.
can I become a entrepreneurvafter studying economist
hi priyanka.
yes, you can be an entrepreneur with a economics degree. You would make a better entrepreneur than the others because, you have the knowledge on the subjects like, understanding markets, data analysis and marketing. As an economist you will have a better understanding on the subjects like statistics and data managing, which evidently is the heart of successful entrepreneurship.
you can have employers under you to develop certain areas in your company which require support of an expert from other areas like engineers, marketing managers and the other workers.
so, with an economics degree, you stand a very good chance to shine in that field. Hope i answered your question.
feel free to ask doubts if any in the comments.
Good Luck
if I m good in maths, can I become economist? which stream should I choose arts or commerce?
Greetings Aspirant,
As you are good in Maths and You want to become an Economist you should better choose Arts as because in Commerce you will learn Basic Economics but in Arts you may be able to learn more Advance. You should take Economics Honours in Graduation. That will surely build up your career.
Hope My Answer Helped You
Best Of Luck For Future.
Entrance for Undergraduate level
Jee main, bitsat, aieee, vitee , comedk , manipal and other various universities are offering ug course for which you haveto give these entrance tests in order to get admission into one of these university offering specialized course at tbt undergraduate level.
I want to find good msc economic colleges in india
Name of the InstituteCityAverage Tuition Fees
Indira Gandhi Institute of Development and Research (IGIDR)Mumbai, Maharashtra1,80,000
Indian Institute of Technology, KharagpurKharagpur, West Bengal2,50,000
TERI UniversityDelhi2,52,000.
Feel free to comment if you have any doubt
Good luck
Where can I find internships, along with my Bsc.economics (hons) course?
Internships play an important role in your graduation and as far as your course is concerned, you can get a lot of good internship opportunities.
You can apply for the internships at Internshala, they have a lot of good internships waiting for the under graduates and moreover you can also try to contact different companies on your own.
Hope I am clear