Economics is the practical and theoretical science of the production and distribution of wealth. It is based around the system of the production, buying, and selling of goods and services. As a social science, it is primarily concerned with the behavior and relationships of people and societies and economics is applied to the real world to study and analyze the activities and interaction between people, markets and governments.
Although there are various subdivisions of economics, the two main areas of study are microeconomics and macroeconomics.
It has grown considerably as a field and now incorporates a number of other subjects, including sociology, geography, law and several others to develop our collective understanding of the economic systems that exist today.
Economics is a real-world discipline so courses like history and politics may help a prospective economics student develop an understanding of the world, including the systems that govern it and the events that helped to shape it.
A person, who have passed Higher Secondary/Intermediate (10+2) any other examination recognized as equivalent thereto, shall be eligible for the course.
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Accreditation is a process by which the quality of a programme is examined and certified normally by an external body of academics. It validates and certifies that academic processes practised within an institute are robust and relevant.
For any programme to be recognized for further studies or a profession it needs to be approved either by a University or/and by a professional council as the case may be.
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