By Mr. Swaroop Singh, PGT ( Economics)
You may also be interested to study other Stubjects:
Bachelor Degrees in Economics
B.A. in Eco Hons.
B.Sc. In Eco Hons.
B.A. in Economics
B.Sc. In Economics
Eligibility 10+2 any stream a few colleges requires Maths /Statistics as a compulsory subject.
Shri Ram College of Commerce, Delhi
H.R. College of commerce and Economics, Mumbai
Thakur College of Science & Commerce, Mumbai
Shantiniketan Group of Colleges, Bangalore
Smt. M.M.K College of Commerce and Economics, Mumbai
SIES (Nerul) College of Arts, Science & Commerce, Navi Mumbai
K. J. Somaiya College of Arts and Commerce, Mumbai
. Academic Staff College, Thiruvanantha
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.
Industrial Economists: They study the organizational structure of a company or a business to maximise the use of assets to increase the profits. Apart from this, they also investigate the methods of costs, analyse market trends, study demand and supply in relation to industrial policies.
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.
Analyze market trends to relate production for future consumption and interpret effects of governments regulations and legal restrictions on industrial policies.
International Economists: They study, collect, and analyze the data related to foreign trade and how can it be profitable for the home country. They work and establish international trade policies, exchange control and operation of foreign exchange. He/She also analyse global financial markets and exchange rates,
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 (FDI & FII), and transfer of capital on the international scene.
Financial Economists: Their job role is to develop monetary policies, predict future financial activity. The financial economist also studies banking methods, credit structures etc.
Develop monetary policies and predict financial activity
Examine credit structures (Loan) and collection, banking methods and procedures to devise techniques for regulation of lending, fixing interest and discount rates (future cash flow from a project)
Business Economists: They are economists who work as the company’s administrators. They make decisions about company policies, plan future business activities in relation to general business conditions, national and international trade policies, governmental regulations and directives.
Labour Economists: They study the supply of workers and the demand for labour by employers. They also study and research on employment levels and how wages are set. They also analyze the effects of labour-related policies—such as minimum wage laws—and institutions, such as unions.
Study labour trends and policies
Handle labour disputes, unions, industrial policies of management
Work as advisors to government or industry.
Study economic aspects of agricultural problems in order to increase efficiency of farm management, improve farm income and effect favourable agricultural legislation (abolition of zamindari system)
Forecast production and consumption of agricultural products.
Locate optimum markets and deal with agricultural financing.(NABARD)
Career In Statistics
Bachelor of Arts (BA) in Statistics
Bachelor of Science(Hons) in Statistics
Master of Arts in Statistics
Master of Science(Hons) in Statistics
Indian Statistical Institute, New Delhi
Indian Statistical Institute, Bangalore
Indian Statistical Institute, Kolkata
Xavier’s College, Ahmadabad
Delhi University, New Delhi
Devi Ahilya Vishwavidyalaya: School of Statistics, Indore
Banaras Hindu university: Department of Statistics and Operations Research, Banaras.
Aligarh Muslim University: Department of Statistics and Operations Research, Aligarh.
With a degree in Statistics you can work in various fields such as, Sports, Agriculture, Computer Science Animal Population, Health Science, MNCs, Census, automobile, pharmaceutical computer software companies, etc.
Statistics include the field of marketing, economics, biology, medicines and many others. Statistics is a branch of Mathematics.
You may also be interested to study other Subjects:
Careers in Maths
Careers in Physics