B.A in Economics: Career Capitalizing Global Markets

15 Jun 2024

Economics is a subject which has a property of both arts and science. This subject studies how products and services are produced, distributed, and consumed in different markets. It encompasses various topics related to the interactions between economies and their influence on global dynamics. Economics is known for the wide application of critical thinking, logical ability, analysis and solving complex economic problems. Bachelor’s of Arts in Economics covers a wide range of topics including

Microeconomics
Macroeconomics
Money and Banking
Statistics
Econometrics
Agricultural Economics
Financial Economics
Public Finance and
Development Economics

Economics is not only limited to the above subject but it has interdisciplinary interconnections with computer science, mathematics, statistics, atmospheric sciences and social sciences. The topic of climate change, green economy, sustainable economy, behavioural economics and economics of happiness. Due to its coverage of all emerging issues and wider applicability, Bachelor of Arts in Economics courses help students to understand every aspect of their lives. On one hand, economists study the cost of living, taxation, interest rates, and wealth management while on the other hand, they examine data to create economic forecasting and predictions. Economists are highly valued due to their capacity to utilise logical and data analysis to examine a wide spectrum of human activities. Utilising this data, they can leverage their knowledge of the material world to promote economic sustainability.

Bachelor’s degree in economics is quite popular among UG students who want to learn practical problem-solving skills and a critical approach to understand world economic challenges. Students can understand and solve several challenges in their entire course which helps them to understand world economics and how it affects global as well as local business.

Career Opportunities with Economics Bachelor Courses

Economics graduates have an abundance of opportunities. Apart from going for Masters in Economics and doctoral courses, economics bachelor courses provide employment opportunities for those students who want to get immediate job experience. Here are the careers opportunities, which students can choose after their degree.

Insurance Actuarial Analyst: They examine data and quantify expenses from product failure and property damage using statistical models. Actuarial analysts construct insurance policies using economics and analysis.

Data analysts: They convert numerical data into meaningful analysis which assists companies in making efficient judgements and forecasting.

Economist: Economics graduates often work in this field. They study economic challenges using mathematical models and statistics.

Financial Risk Analyst: The analysts try to identify the potential risk which can threaten sales, trade, assets and the expected profits of an organisation.

Statisticians: They also work like data analysts. Statistics often involve designing data-collecting trials by examining data and patterns. They help organisations to interpret quantitative data.

Investment Analyst: In this profession, an economist will analyse the stock market and engage with brokers and fund managers about where and how to invest to get maximum returns on investments.

Data Scientist: Data Scientists possess advanced technical skills through using AI software to analyse and solve the problem.

Quantity Surveyors: They supervise construction project contracts, budgets, and finances.

Business Development Manager: A business development manager informs potential customers about product improvements and manages marketing initiatives.

Development Economist: They work in the social sector and learn about underdevelopment causes, and effects, and prepare policies to alleviate poverty through government and civil societies.

Banking: There is a large scope of economics graduates to work with private, government and foreign banks in this sector. Economists examine banking sector flaws, risk mitigation techniques, and government intervention and regulation.

Policy Research Institutes and Think Tanks: Economics graduates can also prepare for the civil services and further can choose Indian Economic Services, Ministry of Finance, Department of Economic Affairs, and NITI Aayog and become government advisers to prepare policy briefs on public policy topics.

Agricultural Economist: They help farmers and the government to frame policies regarding financing and marketing for the agricultural development of the country. Economics graduates can also work directly with the NABARD, Regional Rural Banks, and Cooperative Banks for timely access to cheap credit for poor farmers.

Entrepreneurship and Startups: Economists can become entrepreneurs through startups. They can use their knowledge of pricing strategies, market entry tactics, and global expansion.

Manav Rachna International Institute of Research and Studies provides a Bachelor’s degree in Economics that focuses on theories as well as an advanced understanding of key economics concepts. Apart from this, the institute provides practical knowledge of statistical software, working on dissertations and field immersion. You will get an ample opportunity to investigate practical economic issues and their interconnections between economics, environment and society. The bachelor's degree in economics is a three-year programme that examines the application of economic instruments to various markets and circumstances. You will gain the comprehension, expertise, decision-making skills and competencies necessary to resolve the challenges that policymakers and corporations around the globe face.

The students can also learn empirical methodologies used by experienced economists to find economic correlations and make forecasts using various data through R, Eviews, MS Excel, Stata and SPSS.

Students can learn to analyse complicated ideas, analyse practical situations and facts at MRIIRS. Such talents are useful, especially for professional, financial, and management personnel.

The MRIIRS Economics department offers a unique and comprehensive three-year Bachelor in Economics programme which combines both theoretical and practical economics. The department provides an opportunity to choose courses with diverse themes and available electives to help students to develop key subject abilities. Core, multidisciplinary, and open electives from business, liberal arts, sociology, and psychology are also offered by the department to understand the interconnections of economics with other subjects. The Economics department at MRIIRS has collaborated with KPMG, Ernst & Young, Infosys, IHC Foundation, and ORF Kolkata to encourage an industry-driven curriculum for practical research. The department has also partnered with TERI SAS, TERI, IMPRI, RIS, IIFT, JNU, and DSE.

BA Economics Course students at MRIIRS work on high-quality projects and develop a research-inquiry attitude by being exposed to a range of secondary materials, articles, and research projects. Writing dissertations and term papers in their chosen fields is highly encouraged. In addition, students develop their communication abilities and write research papers in their final year. Our training curriculum includes practical experience in the state-of-the-art Centre for Economic Policy Studies.

Choosing a Bachelor's of Arts in Economics will provide a perfect blend of industry-academia exposure. Apart from this, with this course at MRIIRS, you will be benefitted from

Interactive and experiential methods of curriculum dissemination
Learning-friendly infrastructure for skill development
Academia and research organizations providing trained faculty
Well-equipped library
Integrated Curriculum having Industrial Internship
Hands-on training on various statistical software (eg: STATA, SPSS, EViews, XLSTAT, NVIVO, R).
Co-curricular activities through the ECOnomads student’s forum
Eco-Bizz students-run scholarly Blog and Magazine (hfips://ecobizzbIog.bIogspot.com)
E-learning through MOOC
Fully equipped computer lab