What is International Economics: Full Form, Course Duration, Admission 2025, Colleges, Salary & Scope
International Economics is a branch of economics which deals with the economic relationships amongst countries and international economic organisations and other economic actors.
The candidates must note that International Economics is available as a subject or a course in India. There are various colleges abroad that offer International Economics as a specialization in courses such as BA, B.Sc and M.Sc.
The duration of an International Economics course depends on the course level.
The admission to various International Economics undergraduate programmes is offered on the basis of merit. However, admission to masters and doctoral International Economics programmes is offered on the basis of entrance exams such as CUET-PG, UGC NET etc.
The International Economics course fee ranges from INR 432 to INR 12 Lakh.
After completing International Economics course, candidates can seek job opportubities in various field in job profiles such as Economist, Actuary and Logistics Coordinator.
Latest Updates:
- CUET PG 2024 Result(Tentative) would be released on Jul '24.
| Course Name |
International Economics |
|---|---|
| Eligibility |
|
| Duration |
|
| Fee Range |
INR 432 – INR 12 Lakh |
| Top Colleges |
|
| Salary Range |
INR 3.7 LPA – INR 27 LPA |
| Job Scope |
International Business Consultant, Economist, Actuary, Logistics Coordinator |
| Entrance Exams |
|
| Top Recruiters |
Mahindra Logistics, Kotak Securities, Blue Dart Express |
All about International Economics Course
International economics studies how economies interact between countries, with special emphasis on aid, trade, financial flows, migration, and exchange rate policies.
It is a unique field that is pertinent to the globalized economic system, studying problems at the international level.
It has subfields such as international finance and international trade.
Why Study International Economics?
There are several reasons due to which candidates prefer to pursue International Economics courses. Some of which are listed below:
- The course provides job opportunities in a wide range of fields such as government organisations, logistics companies and consultancies.
- The course opens up career options for candidates outside India.
- The course can also be pursued by candidates who wish to become global entrepreneurs.
- Candidates can work in academia after pursuing International Economics courses.
International Economics Eligibility Criteria
The candidates must note that the eligibility criteria given below can change depending on the institutes and course offered. However, most institutes that provide International Economics course have the following eligibility criteria. The candidate should have:
| Course Level |
Eligibility Criteria |
|---|---|
| International Economics UG |
|
| International Economics PG |
|
| International Economics PhD |
|
International Economics Course Entrance Exams 2024
Given below are some entrance exams through which candidates can take admission in International Economics courses in India:
| International Economics Entrance Exams |
International Economics Exam Dates |
International Economics Exam Schedule |
|---|---|---|
| 15 May '24 to 24 May '24 |
||
| 16 Jun '24 |
||
| Mar '25 (Tentative) |
||
| University Grants Commission National Eligibility Test (UGC NET) |
16 Jun '24 |
International Economics Course Types
An International Economics course is offered at various course levels. Given below are some courses that include International Economics either as a subject or as a specialisation. They are:
| International Economics Course Types |
|
|---|---|
| BA in Economics |
MA in Economics |
| B.Com |
M.Com |
| LLM |
Post Graduate Diploma in International Marketing |
| B.A. (Hons.) Business Economics |
MBA (Business Economics) |
| B.A. Hons. Business Economics |
PhD in Economics |
International Economics Syllabus
The syllabus for International Economics may vary depending on the course, course level and the providing institute. Given below is a generic syllabus of International Economics course:
| International Economics Syllabus |
|
|---|---|
| Introduction to International Trade |
International Trade Theory |
| Balance of Payment (BoP) |
Foreign Exchange and Global Capital Market |
Top International Economics Colleges
There are several government and private institutes that provide International Economics programme at various academic levels. Candidates must note that Indian colleges do not offer a separate International Economics degree. It is available as a subject or a specialization.
Top International Economics Government Colleges
There are limited institutes in India that provide International Economics courses. Given below is a government college which provides International Economics courses in various course levels:
| International Economics Government College |
International Economics Government College Fees (in INR) |
|---|---|
| 432 |
Top International Economics Private Colleges
Some of the few private colleges that offer International Economics courses at various course levels are as follows:
| International Economics Private College |
International Economics Private College Fees (in INR) |
|---|---|
| 60,000 |
|
| 12 L |
|
| - |
International Economics Courses Career Scope: Job Profiles, Salary and Top Recruiters
The candidates who pursue International Economics courses can find jobs in finance based firms, government sector and international organisations. The candidates must note that the salaries of various International Economics job profiles given below can change depending on the company and sector.
International Economics Job Profiles
Here are some of the job profiles that can be pursued by a candidate who has completed International Economics course:
| International Economics Job Profiles |
Average Annual Salary |
|---|---|
| Banker |
4.5 LPA |
| Credit analyst |
8.2 LPA |
| Market Researcher Associate |
4.2 LPA |
| Financial Analyst |
6.7 LPA |
| Management Consultant |
27 LPA |
| Policy Analyst |
7 LPA |
| Economic Consultant |
10 LPA |
| Compensation Manager |
21 LPA |
| Economist |
16.4 LPA |
| Actuary |
9.7 LPA |
| International Business Consultant |
6.9 LPA |
| Logistics Coordinator |
3.7 LPA |
International Economics Courses Top Recruiters
Here are some of the top recruiters in India that hire graduates who have pursued International Economics course:
| Top International Economics Recruiters |
|
|---|---|
| Mahindra Logistics |
FM Logistics |
| Kotak Securities |
ICICI direct |
| Blue Dart Express |
AVG Logistics |
| Niryati (EximScouts) |
Vishva Exim Private Limited |
| Ministry of Finance |
Ministry of External Affairs |
International Economics FAQs
Q. What is the meaning of international economics?
A. International economics deals with the impact on economic activity due to international differences in productive resources, consumer preferences etc.
Q. What is included in international economics?
A. Various concepts included in international economics are pattern of trade, globalization, FDI, balance of payments etc.
Q. What is international economics and its importance?
A. International Economics deals basically with some of the significant economic principles like exchange of goods between different countries and important policies related to it.
Q. What do international economists do?
A. The responsibility of international economists is basically to study international financial markets, their impacts on trade and policies, exchange rates etc.
Q. How much an economist earns in India?
A. As per a popular website, an economist earns between INR 1.88 lakhs to 14.81 lakhs annually in private sector. Meanwhile, in government sectors, they can between INR 10,000 to INR 12,000 monthly.
Q. What can I do after BA economics?
A. The scope after completing BA economics is wide. Candidates can work as a banker, economist, market analyst, sales executive, investment administrator, human resources etc.
Q. Do economists travel?
A. Yes, there are many economist, who work from home, but many travel for the professional requirements like conferences etc.
Q. What are the skills required for International Economics?
A. Some of the important skills required for International Economics profession are Mathematical skills, logical thinking, data analysing skills, critical thinking, communication skills, management skills, research skills etc.
Q. Can I do CMA after BA Economics?
A. Yes. Candidates with a BA economics degree are considered eligible for CMA exam.
Q. Is economics better than commerce?
A. Both economics and commerce are equally important subjects. Candidates can choose anyone of them depending on their interest and future goal. Economics provides candidates to understand the issues of trade market etc while with commerce candidates can develop a macro level approach.
- Popular International Economics Colleges in India
- Popular Private International Economics Colleges in India
- Most Popular Courses
- Popular International Economics UG Courses
- Popular International Economics PG Courses
- Popular Exams
Popular International Economics Colleges in India
Popular Private International Economics Colleges in India
Most Popular Courses
Popular International Economics UG Courses
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