Economics is an evergreen subject that has high demand at both the national and universal levels because of its utility in our day-to-day life. Economics is exciting, as it offers a variety of subjects. 

Economists interpret and analyze data to predict market trends, create economic models, and make recommendations to solve economic problems.

Traditionally, it is believed that an economics career has a limited scope. But, in the modern world, economists are in demand due to the productive role modern economics can play in designing and executing technology-driven policies.

Read through the post that will give you a complete insight into a Career in Economics after 12th, a list of economics courses, the best colleges, and more.

Economics as a Career

Economics is one of the most sought career choices after 12th due to the high-paid job opportunities in economics.

If you want to pursue your career in economics, let us tell you that it is a fantastic career option, with job opportunities in India and worldwide.

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• Economics is the subject that deals with wealth, and it is concerned with the production, consumption, and transfer of wealth.
• Many renowned colleges teach this subject both at the Regional and Central levels.
• If you aspire to make your career in economics after 12th, you should opt for mathematics as your fifth subject in 11th, and 12th standards, as mathematics is a compulsion in most colleges. 
• Studying economics also gets privileges in other related fields of commerce, such as statistics.

How to Become an Economist?

To become an economist, you must pursue a degree in economics. Many universities across the country offer undergraduate programs in economics through various entrance exams like CUET (Common Universities Entrance Test), Christ University Entrance Test, and NPAT exam.

After completing your graduation in economics, you can opt for a Master’s Degree through the postgraduate programs offered in various universities across India.

Economics Courses after 12th

It is essential to know the best courses if you want to pursue your Career in Economics after 12th. One can pursue a degree in economics at undergraduate and postgraduate levels.

Those studying economics at the undergraduate level will explore the topics such as Macroeconomics, Microeconomics, Utility, Elasticity of Demand, Monopoly, Factor Pricing, Interest, Demographic Features, Agriculture and Land Development, and Small Scale, and Cottage Industries, etc.

1. B.A/ B.A (Honours) Economics 

• The course is most suitable for students looking to develop a future in economics.
• The BA (Hons.) Economics Curriculum deals with the economy's concepts, limits, scale, industries, suppliers, producers, buyers of services, and products.
• The key distinction between BA Economics and BA (Hons.) Economics is that the BA Economics course covers the fundamentals of Economics, the BA (Hons.) Economics offers an in-depth understanding of the same.

Read more: Short tricks to enhance your economics preparation for the CUET exam

2. B.A/ B.A (Honours) Business Economics

Business economics is a field in applied economics that uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and firms' relationships with labor, capital, and product markets.

3. B.A/ B.A (Honours) Applied Economics

Applied economics applies the conclusions drawn from economic theories and empirical studies to real-world situations to inform financial decisions and predict possible outcomes. 

4. B.Sc / B.Sc (Honours) Economics

This course provides knowledge of principles and techniques that are used in the domain of economics in a holistic view.

It is almost similar to B.A. (Hons) Economics, with some advanced statistical concepts that are taught only in B.Sc Hons.

Read more: Short tricks to enhance your vocabulary for the CUET exam

Master's Degree Courses in Economics

Suppose you are pursuing a Master’s Degree in Economics. In that case, you will study the subjects such as Microeconomic Analysis, Elementary Statistics, Theory of Pricing and Distribution, Macroeconomic Analysis, Quantitative Methods, International Finance, etc.

The following are some of the most popular master's degree courses that you can pursue after completing your graduation in economics.

• Master of Arts in Economics
• Master of Arts in Business Economics
• Master of Arts in Econometrics
• Master of Arts in Applied Economics
• Master of Science (MSc) in Economics
• Master of Business Administration (MBA) in Business Economics
• Master of Philosophy (MPhil) in Economics

Career Options in Economics after 12th

There is a wide variety of career choices open for those wishing to pursue their career in Economics.

Here is a list of various options mentioned to understand the available choices better.

• You can work with big government organizations like RBI as an Economist.
• Planning organizations like NITI Aayog, National Sample Survey, etc.
• PSU Banks, Foreign Banks, and Private Banks
• Financial Risk Analyst Opportunities
• Actuary 
• Econometrics related Fields
• Indian Economic Services (IES)
• Financial Information Firms
• Agricultural Companies
• Statistician

A career in Economics after 12th: Best Colleges

The following are some of the best CUET colleges that offer admission to economic courses based on your performance in the entrance test.

• Lady Shriram College for Women (LSR)
• Miranda House
• Sri Ram College of Commerce (SRCC)
• St. Stephen’s College 
• Hindu College
• Jesus and Mary College
• Hansraj College
• Ramjas College
• Sri Venkateswara College

A Career in Economics after 12th: Top Private Colleges in India

If you wish to join colleges other than Delhi University with their respective entrances, you can join these top colleges mentioned below.

• Christ University, Bangalore
• NMIMS Mumbai
• St. Xaviers Mumbai
• St. Xaviers College Mumbai
• Loyola College Chennai

Aptitude Based Entrance Exams for Economics Courses

If you wish to pursue your career in Economics after 12th at one of the best colleges in India, you need to clear the respective entrance exam for that college.

Only those who will clear the entrance exams will be called for the counselling process by the respective institute.

The following are some of the most popular entrance exams you can take to get admission to economics courses.

CUET (Common Universities Entrance Test)

Common Universities Entrance Test is an all-India level entrance exam conducted by NTA for admission in UG courses offered in all the participating institutions. 

According to the CUET Eligibility Criteria, you must have completed your calss1 2 with a minimum of 50% marks (for the general category). It is 45% for SC/ST category to be eligible for the entrance exam.

The entrance test will include four sections and those as explained below:

• Section I A: 13 Languages
• Section I B: 19 Languages
• Section 2: Domain-specific test
• Section 3: General  test

CUET is a centralized test for top universities like Delhi, Banaras Hindu, Central University of Punjab, and Jawaharlal Nehru University.

Christ University Entrance Test

Christ University conducts the entrance test for providing admission to various undergraduate courses.

To be eligible for the Christ University Entrance Test, you must have passed the 10+2 or equivalent exam with a minimum of 55% marks from a recognized board or university.

Based on your performance in the entrance exam, the university will provide admissions.

NPAT

Narsee Monjee Institute of Management Studies or the NMIMS University holds the responsibility for conducting the NPAT Entrance Exam.

Your minimum age should be 17 years, and the maximum age should be 25 years to apply for the exam. Also, you must have completed a 10+2 or equivalent exam from a recognized university or board.

Skills Required to pursue a Career in Economics after 12th

• You should have a solid Mathematical Aptitude to grasp essential concepts of statistics required in Economic Courses.
• You should be interested in understanding Complex Systems, as Economic systems are interlinked, which require deep knowledge of concepts.
• One of the essential skills is curiosity; if you are curious, you will definitely succeed in your Economics Career.
• You should possess the ability to research every aspect of the economy.
• Teamwork and Interpersonal Skills.
• Logical and Critical Thinking Skills.
• You should be motivated enough and try to be perfect.