Economics majors learn to gather, organize, and interpret data, using mathematical formulas and statistics to make calculations. They also create models to predict the impact of investments, policy decisions, industry trends, demographics, climate change and much more.
In India, B.A. in Economics is three years bachelor degree after 10+2.
You can use an economics degree to study industry trends, labor markets, the prospects for individual companies, and the forces that drive the economy.
Market research analysts tap the knowledge of industry trends to assess how products or services might fare under various economic conditions. Like economics majors, they are trained to design studies, and gather and analyze data. They must be able to quantify results and represent this information to clients.
They analyze industry trends to help organizations improve their performance. They might work for organizations in a variety of industries, including business, finance, health care, education, the government, and more.
Just like economics majors, compensation and benefits managers must be able to think in numbers, since they evaluate options for pay and benefits. They study trends in the labor market and assess supply and demand for various classes of jobs.
Actuaries apply advanced mathematical and statistical skills to determine the likelihood of insurable events like fires, deaths, illnesses, and business failures. Like economics majors, they need to consider a great number of variables when analyzing risk profiles to establish a profitable structure for insurance policies.
Credit analysts conduct micro economic analyses of prospective clients to assess the risks involved with loaning funds to those people or businesses. They take into account economic trends and factors impacting the region, industries, and competitors of prospective clients. Credit analysts prepare reports summarizing their findings and suggest interest rates that are appropriate given the risk profile of clients.
Financial analysts research companies, industries, stocks, bonds, and other investment vehicles for finance departments. Their analyses often require the advanced quantitative skills possessed by many economics majors.
Policy analysts research and analyze issues that impact the public and recommend legislation and governmental intervention to address the problems. Economic knowledge is critical to understanding many of the issues and for creating affordable solutions. Economics majors often have the skills needed to analyze issues like healthcare, taxes, energy, the environment, and international trade policy.
Lawyers use critical thinking and analytical skills to prepare and try their cases. Many areas of law such as corporate law, tax law, antitrust law, personal injury, and medical malpractice involve the application of micro- and macroeconomic analysis.
Management consultants analyze business problems and research possible solutions to present to clients. New college graduates often start out in positions like research analyst, research assistant, or junior consultant where they support the work of more senior staff. They can then move up to positions like management consultant.
Business reporters research, write, and broadcast stories about business leaders, companies, industry trends, economic developments, and financial markets. In essence, they are ongoing students of the modern economic world while also acting as journalists.
Source : https://www.thebalance.com