Economics is one of the social sciences, which has a significant influence on the life of every human being. The classic definition of economics is – “Economics is the study of the use of scarce resources that have alternative uses”. In a layman language, there are people and they have infinite desires. To fulfill their desires, people need resources but resources cannot be infinite but desires can be, so people need to make choices about how to use their scarce resources efficiently. Economics is the study of these choices and the Economist is the person who does this study.

An economist studies the reasoning behind choices or decisions people make. Economist then uses data to conduct research on economic issues, maximize profits and introduce improved public policies. The findings of the research were published in scientific journals in the form of technical reports and articles.

Skills Required for Economics degree

For you to build a career in Economics, it is important to have the following must-have skills:

Economics Course Eligibility

Economics course provides an in-depth education in economics which is useful in applying to a wide range of career paths. The course offers a comprehensive understanding of core, pure, and applied economics and allows students to employ ideas and techniques from other disciplines too like mathematics and statistics, history, sociology, and political science. Students get to learn about economic theory and principles, mathematics, economic models and methods of analysis, and more.

Economics courses can be pursued by students at graduation, postgraduate and doctoral levels. Besides, there are diploma and certification courses are also available in economics.

After completing graduation, students usually enroll for MBA/PGDM or MA in economics programmes.

Admission Process

10+2 marks/ Entrance exam (depending on the college). Following are some of the entrance examinations for the economics degree:

• • DUJAT – The Delhi University Joint Admission Test
  • NPAT – NMIMS Programs After Twelfth
  • SET – Symbiosis Entrance Test
  • CUET – Christ University Entrance Test
  • IPU-CET – Indraprastha University Common Entrance Test
  • DU DSE – Delhi School of Economics
  • ISI Admission Test – Indian Statistical Institute Admission (ISI) Test
  • JNU Entrance Test – Jawaharlal Nehru University Entrance Examination

 Course Fees

The average course fee for graduation level programme is between INR 25,000 – 3 lakhs. The average annual fee for Masters is annually INR 20,000 – 2 lakhs. For Doctorate, the average course fee for three years is INR 80,000 – 6 lakhs.

 Top Colleges Offering Economics Courses

• • Symbiosis School of Economics – SSE Pune
  • Jamia Millia Islamia – JMI New Delhi
  • Indian Institute of Technology – IIT Bombay
  • Indira Gandhi National Open University – IGNOU Delhi
  • Maharaja Sayajirao University of Baroda – MSU Baroda
  • Christ University, Bangalore
  • Jadavpur University, Kolkata
  • Guru Gobind Singh Indraprastha University – GGSIPU Delhi
  • Delhi Technological University – DTU Delhi
  • Banaras Hindu University – BHU Varanasi
  • Chandigarh University, Chandigarh
  • University of Hyderabad, Hyderabad
  • BR Ambedkar Open University, Hyderabad
  • Indian Institute of Technology – IIT Kharagpur
  • Aligarh Muslim University, AMU – Aligarh
  • Integral University, Lucknow
  • Jawaharlal Nehru University – JNU Delhi
  • Manipal University, Jaipur
  • MGR Educational and Research Institute, Chennai
  • Indian Institute of Technology – IIT Kanpur

Economics Syllabus

Here we are providing a basic idea about the syllabus of economics courses for various levels. The syllabus varies as per the universities hence you will find here the topic comprises the economics courses.

Scope of Economics in India and Abroad

The demand for economics graduates is massive at both the national and international markets. Some of the Job Opportunities after completing the economics course are as follows:

• • Financial Analyst
  • Business Analyst (Unspecified Type)
  • Data Analyst
  • Senior Financial Analyst
  • Research Analyst
  • Senior Business Analyst
  • Pricing Analyst
  • Management Consultant
  • Business Consultant
  • Staff Accountant, etc

Conclusion

Economics is an excellent career choice for those who are good with numbers and eager to know the essence of markets and how our economy functions. The continually evolving economy is always in demand for analysts, researchers, strategists, and consultants who are trained professionals and can easily understand the changing economic trends. Studying economics will help you acquire a high level of mathematical, analytical, and statistical skills and teach you how you can apply different economic theories and concepts to real-world challenges. The career prospects in economics are highly promising and open up a host of phenomenal opportunities in different fields.

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Do you have a curiosity to understand your society and the social behavior of human beings? If yes, then becoming a Sociologist is the right career choice for you. Sociologists examine the diversified groups, cultures, organisations, social institutions, and various processes prevalent in our society.
Sociologists conduct research using a different methodology to gather an understanding of social processes. They investigate both the past and present of human society to gain insight into how societies develop and organize themselves.

But before we go deeper into the role of a Sociologist, it is also important to understand what is Sociology? Sociology is a study of social science that helps us to understand the way our society works. The study of sociology helps a Sociologist to be proficient in knowing and analysing sociological problems and formulating possible solutions and improvements, perhaps by addressing various social challenges, differences relating to multiple factors or parameters such as class, gender, race, and financial status.

Sociology can also be defined as the general science of society that focuses on human beings’ social behavior, relationships pattern, social interaction, and characteristics of culture associated with everyday life. In a nutshell, we can say Sociology is the study of society, culture, and the relationship between various social levels.

What skills are required for a Sociologist?

To be a Sociologist, it is important to have the following specific skills:

What is the eligibility to become a Sociologist?

If the various factors of society fascinate you and you are willing to build your career in Sociology, you need to meet the following eligibility criteria:

Top Colleges Offering Sociology Courses

• DU Delhi – University of Delhi
• JMI New Delhi – Jamia Millia Islamia
• LPU Jalandhar – Lovely Professional University
• IGNOU Delhi – Indira Gandhi National Open University
• MSU Baroda – Maharaja Sayajirao University of Baroda
• Christ University, Bangalore
• BHU Varanasi – Banaras Hindu University
• University of Hyderabad, Hyderabad
• Aligarh Muslim University, Aligarh
• Integral University, Lucknow
• Savitribai Phule Pune University, Pune
• JNU Delhi – Jawaharlal Nehru University
• Manipal University (MAHE) – Manipal Academy of Higher Education
• Sharda University, Greater Noida
• Shiv Nadar University, Greater Noida
• Banasthali Vidyapith, Banasthali
• Panjab University, Chandigarh
• Galgotias University, Greater Noida
• NIMS University, Jaipur
• Gujarat University, Ahmedabad

Job Opportunities And Scope

Sociology, as a career, is exciting, impactful, and very satisfying. Many of us aspire to contribute our bit to society and the career options in sociology provide that opportunity to make an impact in society.

Starting from management level roles in MNCs to administrative level roles in PSUs, the profile of Sociologist can give you ample opportunities to utilize your knowledge and skills for the upliftment of society.  With multiple career prospects in the field, you can look forward to a promising future as a sociologist.

Sociology opens up a range of career options with government, non-profit organizations, and corporates in the fields like healthcare, education, marketing, social research, welfare, and public policy, etc. Here are some of the most popular career options in sociology:

Be mindful that these are just a few options to give you an idea about the career prospects in sociology. The field is broad and has lots of opportunities.

Conclusion

If your mind is puzzled by so many questions about society and you are seeking relevant answers then studying sociology is the best field that you can opt. Also, if you are passionate to do research and have an analytical mind, studying sociology will certainly lead you to the path of your dream career.

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