Economics & Accounting

"An economist is someone who knows more about money than the people who have it."


Scope in Economics & Accounting


Career Scope of Economics 

Economics, as a subject, deals with the study of the way a society or a community chooses to use its limited resources, which have alternative uses, to produce goods and services and to distribute them among different groups of people. It is also considered a  social science because of its systematic and organized study of economic behavior of human beings and the relationship between their  means(resources) and ends(human wants).However, it is not an exact Science like physics or chemistry as it deals with humans, therefore, it is known as Social Science. 

Career Scope of Accounting

Accountancy (or accounting),  as a subject, according to American Institute of Certified Public Accountants 'is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of a financial character, and interpreting the results thereof.'

"Accounting is the language of business."

                                                                                                           - Warren Buffet

Top Courses in Economics & Accounting 


A person certified for this course is considered to be qualified to handle matters related to accounting and taxation, filing annual returns, auditing, and formulating financial reports and statements of a business, maintaining records of investments, etc. 


It is a 3 year undergraduate course designed specifically for providing managerial and technical skills to a student in the field of finance, banking, economics, and accounting .

It can be pursued directly after class  Grade 12

This typical course taught are microeconomics, macroeconomics, accounting, auditing and taxation, company laws, and  business management.

  1. Actuarial Science  

It is a professional course which deals with business statistics, finance, insurance, etc. 

The subjects included in this course are economics, accounting, business management, mathematics, probability, statistics and computer science.

  1. Cost and Management Accounting(CMA) 

This course is one of most popular emerging courses in the field of accounting and economics. 

The duties of CMA includes assisting and projecting in financial plans of a company, handling financial statements, taxation and filing of annual returns, etc. 


Career Scope of accounting


Career Opportunities in Economics and Accounting 


Top careers in Economics and Accounting include the following:

  • Economists- Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

  • Actuaries- Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

  • Financial Risk Analyst - Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

  • Investment Fund Manager - Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.

  • Auditors -  Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.

The stream of Commerce and its subjects are counted among the most viable courses all around the world and considered as the foundation for the corporate world, economy, financial and management sectors. 

It's diversified fields give a good knowledge about the business environment, economic problems and how to allocate and grow the limited resources in our economy. 



The below courses provide a good overview on the study area

An introduction is provided in the below video

Frequently  Asked Questions

Let’s take a look at some commonly asked questions by students.

The term 'Science' stands for any systematic and organized body of knowledge. Economics is also a science as it is a systematic and organized study of economic behavior of human beings.

However, it is not an exact science like Physics and Chemistry as it deals with the study of human behavior. Therefore, it is known as 'Social Science'.

A Masters degree in any subject is an indication of professional overview in that field. Since, Economics is a subject of multiple dimensions, it requires technical and comprehensive understanding. You are advised to go for it only if you are confident about your ability and can give full dedication to it.

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