What Are The Prospects of Studying Economics Abroad?

Economics, a multi-disciplinary science is focused on the production, distribution, and consumption, of money and capital. It involves the consumption, pricing, inflation of various resources governed by the economic policy frameworks and financial and trading regulations in a country. Economics can be broadly divided into microeconomics and macroeconomics. They are two very different aspects and can be further divided into a number of other branches.

What do Economists do?

1. In the field of Economics, work mainly revolves around:

2. Research and data collection

3. Preparing statistical presentations

4. Mathematical and quantitative analysis based on past records and predictions

5. Development of mathematical models, policy structures, financial budgets

6. Observation of significant economic and financial trends

7. Application of Economic theories in the current scenarios of Commerce and trade

8. Study human behaviour with respect to earning, spending, investing and saving their income

9. Framing, Deciding, implementation, and monitoring of policies and Budget

10. Survey Analysis

What will you work as after completing a Bachelors / Masters /Ph.D in Economics?

You can work in government organisations, Market research and survey institutions, Social and Commercial research labs, universities, Foreign Service and external affairs, international trade organisations, Private Companies and corporate, and many other organisations.

Following are few positions you may work as:

• Market Research Analyst
• Professor
• Economic Consultant
• Compensation and Benefits Manager
• Actuary
• Credit Analyst
• Financial Analyst
• Policy Analyst
• Management Consultant
• Business Reporter
• Financial Analyst
• Statistician
• Operations Research Analyst
• Budget Analyst
• Investment Advisors
• Environmental Economists
• Securities Trader
• Economic Journalist

Read more:

1. What skills do you need to be an economist?

2. Top Colleges To Study Economics Abroad