Usually people come to us asking about economics, its career prospects and other stuff, we tell them what it is, but they ask more and we cant really help them. So, to understand economics better and tell the students what its all about we had an email interview with Twenty19 expert Divya agrawal.
Divya Agrawal is an economics expert & creator of macro economics course on Twenty19. She is an Electrical Engineering graduate and Post Graduate of Business Administration with Marketing and IT as specialization. She explains economics by saying that every goods price is interconnected, she explains this with some really interesting implications of how increase of certain price of a product for example petrol, affects the price of some other totally random product example vegetables, she explains this by saying that as increase in petrol price would increase the price of transportation, the transportation of vegetables increases and there by increase in price of vegetables.
1) Tell us a little about yourself what you do and what you like?
I am an Electrical Engineer graduate & Business Administrator with specialization in Marketing and IT . I have work experience in the Insurance Sector. Presently I am a freelancer working on short term projects on course creation, business development and IT related projects.
During pastime I like painting and listening to music. I practice SUJOK Therapy and like Jewellery Designing.
I realized the importance of studying Macroeconomics when I was in the final year of my graduation. Since then I took up interest in the subject & in order to keep up with Economics.
2) Tell us a little bit about macro economics.
Macroeconomics analyses the economic activities of an entire country and the interdependence of the economies of various countries. It focuses on the how a budget of an economy is decided and its implications for a common man. It also helps us in understanding the monetary policies announced by the RBI and how it affects us.
A study of macroeconomics also helps us in understanding how our country is growing with respect to the other countries in the world.
3) What are the careers prospects in macro economics?
If you wish to pursue a career in Economics you can take up BSc.( Economics) and further take up a masters degree i.e. MSc. (Economics). As an Economist there are wide range of career options available to you:
- Business Banker
- Research Analyst and Data Analyst
- Public Policy Maker
- Public Utility Manager
- Budget Analyst
- Cost Estimator
- Management Analyst
Apart from the above options you can also take up any career related to mathematics and analysis as the Analytical Skills and Decision Making abilities are developed during the course which can help in excelling in any career.
4) Why do you think students should take macro economics course?
This course is beginner level course & is useful for students from all disciplines. This course is designed to give a basic understanding of the key concepts in Macroeconomics. Few reasons why students should take up this course are:
- In order to survive in this highly competitive environment you need to be abreast with the current affairs and have an opinion on the economic issues of our country and the world as a whole.
- Major competitive exams today have GK as one of the sections, which consists of questions related to the key economic indicators, banking terms and economic issues.
- Statistical data related to Economics of our country such as GDP of India, Inflation Rate, CRR, SLR etc. will give you an edge over others in Group Discussions.
- If a student is planning to do a Post graduation in Management, then Macroeconomics is one of the main subjects in the first semester.
Also in the corporate world it is expected that you read Economic Times, Business Line, The Mint etc. daily and by studying Macroeconomics you would be in a better position to understand the various articles written by the leading economists in the country.
5) How should one keep up with economics?
Students can keep up with economics by reading any of the Business Newspaper daily.
You can also read blogs related to economics. There are certain websites mentioned in the course which will help keep you updated with statistical data. You can watch Business News like NDTV Profit, CNN, CNBC TV18 etc.
6) What is the Fun Part of Economics for you?
The best part of economics which is also the fun part is that you can relate to what you have studied and draw implications on your own. For eg. how the rise in prices of petrol and diesel affects the prices of all other commodities. How the budget announced by the government will affect the common man. You will also understand why certain decisions are taken by the government and the RBI to stabilize the economy of our country and bring about economic development and growth.
We thank Divya Agraval for taking time and replying us back, she says she really likes helping students out.