What do they do?

Economists predicts trends in an ever-changing economy. They help various agencies and organisations manage their money effectively and help them with investment decisions . Their advice comes in handy when a country’s economy goes through a rough patch.

Economists play a useful role in society as they analyse issues related to growth and development, welfare and policy formulation. They evaluate government policies and assess their long and short-term significance for the country, thereby contributing to its growth.

Skills Needed

.    An enquiring mind with a focus on economic problems, including theoretical issues
.    Since the technology of economics is changing, a good background of mathematical, statistical tools and
     econometrics are essential
.    An analytical approach to solve problems is a prerequisite
.    Good quantitative and reasoning skills to analyse data from reports and other sources
.    Good comprehension skills to deduce conclusions

How do I get there?

After completing Class 12 in any stream, one can opt for a bachelor’s degree with honours in economics from a recognised university. Then couple it up with a master’s degree in economics. An MPhil and a PhD degree are recommended. It would be more fruitful if you have maths in Class 12. A mathematics and statistics background helps a lot if you want to become an economist par excellence.

Typical day in the life of a Economist

Pros & Cons about this career