Why study economics? Study of economics provides the critical and essential understanding of the world in which you live and work. What determines the prices of the goods and services on which you spend your income, and the prices of the stocks and bonds in which you invest your savings? A second reason to study economics is that it can equip you to participate more successfully in the increasingly knowledge-based and interdependent global economy of the twenty-first century. Economics is fundamentally about choice behavior — about how individuals, families, firms and governments deploy their scarce resources so as to maximize the economic well-being of their stakeholders. A third reason to study economics is that it can give you a better understanding of the objectives, methods and limitations of government economic policy. How does the tax system affect the incentives for people to work, for families to spend and save, and for firms to invest? How do government budget deficits and debt affect the economy? Why do average standards of living vary so widely among and within countries?
The following jobs opportunities can also be availed after gaining the basic and experimental knowledge imparted through various courses to under graduate and post graduate students.
- Government departments – Indian Economics Service (IES) through UPSC. Corporate – Job titles such as Data Analyst, Financial Analyst, Research Analyst, Business Analyst, Economic Research Analyst, Stock Market Analyst, etc.
- Banks/ Financial Institutions – A graduate in economics can join at an entry-level position in banks, MNCs and research firms.
- Teaching – One can appear for NET/ SET exams to qualify for working as assistant professors/ professors in colleges.
- Research – One can opt for fellowship programmes offered by IIMs and other management institutes, Planning Commission, RBI, National Council for Applied Economic Research, National Institute of Public Finance and Policy and also international organizations such as the World Bank, Asian Development Bank and the International Monetary Fund.
- Above 95 % aggregate marks in qualifying exam 100 % on Tuition fee
- 90 % to 94.99 % aggregate marks in qualifying exam 50 % on Tuition fee
- 85 % to 89.99 % aggregate marks in qualifying exam 20 % on Tuition fee
- 80 % to 84.99 % aggregate marks in qualifying exam 15 % on Tuition fee
- 75 % to 79.99 % aggregate marks in qualifying exam 10 % on Tuition fee
- 65 % to 74.99 % aggregate marks in qualifying exam 5 % on Tuition fee
* Other Academic Charges includes Development Fund, Examination Fee, Alumni Fee etc.