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ECONOMICS

FAMOUS ECONOMIST

ADAM SMITH

MARSHALL

KARL MARX

KEYNS

LIONEL ROBINSON

MILTON FRIEDMAN

In the present scenario, ECONOMICS is a job-oriented subject. It , creates awareness about the basic issues and problems related to the Indian Economy. It also motivates to make a critical analysis of the Indian economic problems. MICRO ECONOMICS gives a comprehensive view of the Price Theory with an interaction between the households and business firms. By studying this subject one can understand the consumer behavior in relation to demand for products and the behavior of firms in varied market structure.

The main objectives of the subject MONETARY ECONOMICS is to understand the various monetary standards which will enable to understand the historical profile of the evolution of money standards and the various monetary theories. The subject gives an insight about the integration between monetary theory and practice. The objective of MACRO ECONOMICS is to understand the Macroeconomic concepts involving in the functioning of the economy. It gives a comprehensive view of Classical, Keynesian and Neo- Keynesian models. The main objective of FISCAL ECONOMICS is to understand the theoretical aspects of fiscal instruments supported by empirical evidences. This subject makes to understand about the nature of Indian Fiscal System and equip them with the ability to make a critical analysis of fiscal operations. The subject INTERNATIONAL ECONOMICS enables to understand the theoretical basis of International Trade. It helps them to critically evaluate the problems and prospects connected with international trade and relationship. The main object of this subject is to grasp the nuances of the operation and policies of International Trade Agreements. HISTORY OF ECONOMIC THOUGHT is the stepping stone for the study of Economics. It traces the evolution of Economics as a subject science and evaluates the contributions of various thinkers to the school of thought. The study of economic thought also gives an idea about all the concepts in economics. Without studying History of Economic Thought, the study of Economics will not be fullfledged or complete.

The subject, TAMIL NADU ECONOMY enables to analyze the problems of Tamil Nadu Economy. It acquaints with the profile of the economy and process of economic development in Tamil Nadu.

The subject, INDUSTRIAL ECONOMICS enables to analyze the growth and performance of Industrial Sector in India and Tamil Nadu. It also helps to understand the role of industrialization in the development of our economy. It enables for a critical analysis of industrial problems, disputes such as strikes and lock-outs inherent in large scale industries. The main objective of INDUSTRIAL ORGANIZATION is to enable to understand the multiple challenges faced by Industrial Organizations. It also give an insight about the threats of industrial organizations such as obsolete work with narrow social perspective under turbulent environment with changing human values.

ENTREPRENEURSHIP plays a premium mobile role in industrial development. The subject is not only giving a perspective of the entrepreneurial function, but will also provide insight towards the managerial practices involved in entrepreneurial activity. The subject gives an in-depth knowledge about the innovative role of the practitioner/entrepreneur.

The objective of the subject MARKETING is to understand the basic concepts and practices of marketing and it examine the relevance of marketing techniques in the context of Globalization. The main objective of the subject PRINCIPLES OF ECONOMICS is to familiarize the basic concepts and equip them with the various tools for fuller understanding and in-depth analysis of major economic theories. The Subject, INDIAN ECONOMY, develops awareness about the basic issues and problems pertaining to Indian Economy and it motivate them find out solutions to solve the problems. The study of Indian economy will give an insight on the implementations of five year plans and current economic policies operating in India. The knowledge gained from the subject, Economics would help to become a successful entrepreneur and also to take up any challenging jobs in administrative services and in other corporate sectors. It helps to pursue higher education like M.A. / M.B.A. and other professional courses.

Nobel Prize Winners in Economics

1998

Prof. Amartya Sen

Prof. Amartya Sen is the first Asian to win the Economics Nobel. He is one of the most respected economics thinker in the world. He is also an excellent teacher. He won the Nobel for his work in the area of economic theory. Some of his most important work is in the areas of poverty, democracy, development and social
welfare.

Nobel Prize Winner 2011 Thomas J. Sargent Christopher A. Sims Economics USA For their empirical research on cause and effect in the macroeconomy.

CAREER OPPORTUNITIES IN ECONOMICS Economists study how society distributes resources, such as land, labor, raw materials, and machinery, to produce goods and services. They conduct research, collect and analyze data, monitor economic trends, and develop forecasts on a wide variety of issues, including energy costs, inflation, interest rates, exchange rates, business cycles, taxes, and employment levels, among others. Economists develop methods for obtaining the data they need. For example, sampling techniques may be used to conduct a survey, and various mathematical modeling techniques may be used to develop forecasts. Preparing reports, including tables and charts, on research results also is an important part of an economist's job, as is presenting economic and statistical concepts in a clear and meaningful way for those who do not have a background in economics. Some economists also perform economic analysis for the media. Microeconomists It is thestudy of the supply and demand decisions of individuals and firms, such as how profits can be maximized and the quantity of a good or service that consumers will demand at a certain price. Industrial economists and organizational economists study the market structure of particular industries in terms of the number of competitors within those industries and examine the market decisions of competitive firms and monopolies. Macroeconomists study historical trends in the whole economy and forecast future trends in areas such as unemployment, inflation, economic growth, productivity, and investment. Monetary economists and financial economists do work that is similar to that done by macroeconomists. These workers study the money and banking system and the effects of changing interest rates.

International economists study global financial markets, currencies and exchange rates, and the effects of various trade policies such as tariffs. Labor economists and demographic economists study the supply and demand for labor and the determination of wages. Public finance economists are involved primarily in studying the role of the government in the economy and the effects of tax cuts, budget deficits, and welfare policies Econometricians investigate all areas of economics and apply mathematical techniques such as calculus, game theory, and regression analysis to their research. With these techniques, they formulate economic models that help explain economic relationships that can be used to develop forecasts about business cycles, the effects of a specific rate of inflation on the economy, the effects of tax legislation on unemployment levels, and other economic phenomena.

Democratic budjets

Natural resource economics

Home economics

Health economics-- Insurance

sector economist jobs and for advancement to more responsible positions.

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