Course that can help you kick-start your career: Economist

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Economics is the study of how scarce resources are or should be allocated effectively. Economist (one who studies economics) analyses issues related to growth and development, welfare and policy formulation, and assess their long and short term significance for the country. As an Economist, you can work in one of the three sectors: a) Government and public sector enterprises. b) Industry and trade. c) Banking and finance. Economists often specialise as:

Research economists
  • Develop mathematical models to explain and interpret business cycles, inflation, effects of tax policies or unemployment.
  • Use Mathematics and Statistics to the theory and principles of economics.
  • Apply econometrics for analysis and prediction of all economic activity.
  • Business economists.
  • Work as company's administrators, making decisions about company policies, plan future business activities.
 Agricultural economists
  • Study economic aspects of agricultural problems in order to increase efficiency of farm management, improve farm income and effect favourable agricultural legislation.
  • Forecast production and consumption of agricultural products.
  • Locate optimum markets and deal with agricultural financing.
Financial economists
  •  Develop monetary policies and predict financial activity.
  • Examine credit structures and collection, banking methods and procedures to devise techniques for regulation of lending, fixing interest and discount rates.
International economists
  •  Collect and analyze statistical data and other information on foreign trade for favourable trade balances.
  • Establish acceptable international trade policies, exchange controls and operation of foreign exchanges.
  • Study, implementation and formulation of policies on investments, and transfer of capital on the international scene.
Labour economists
  •  Study labour trends and policies.
  • Handle labour disputes, unions, industrial policies of management.
  • Work as advisors to government or industry.
Industrial economists
  •  Studies the organizational structures of business to make maximum use of assets.
  • Investigate methods of financing, production costs, techniques of marketing policies for  possible improvements.
  • Analyse market trends to relate production for future consumption and interpret effects of governments regulations and legal restrictions on industrial policies.
 Related: Course that can help you kick-start your career; Pharmacists.

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