What is Macroeconomics: Full Form, Course Duration, Admission 2025, Colleges, Salary & Scope

 Students can see the table below to learn the difference between Microeconomics and Macroeconomics.

The scope of Macroeconomics is widening with the rise in competition in the market. The field helps businessmen focus on prices and production in individual markets as well as the interplay between different markets.

Yes, if you have completed Class 12 in Science stream, you can apply for Macroeconimcs courses. Most bachelor's level Economics courses are open to students from all streams. However, some courses may allow you only if you have studied Mathematics as a subject in Class 12. 

BA Economics revolves aorund the optimal use of resources and concentrates on the major conceptual bifurcations of Economics, namely Macroeconomics and Microeconomics. It delves into the various types of financial markets, the operation of an economy, and current economic trends. Some of the common/popular BA subjects available under the Economics specialisation:

• Econometrics
• Introduction to Statistical Methods in Economics
• Introductory Macroeconomics
• Economics of Banking
• The Economics of Labour
• Economic Analysis of Agriculture
• Business Economics

Common University Entrance Test (CUET) UG is an entrance examination conducted for admission to undergraduation programs offered by various central, state, private and deemed universities. Candidates willing to take admission to undergraduation programme in streams like Science, Humanities, Commerce, Law and Management must appear for the CUET UG exam when conducted.

The entrance examination assesses candidates at various levels: Language, domain knowledge and general aptitude. CUET UG is conducted annually in computer based mode. CUET UG scores are accepted by more than 300 universities across India. 

A modification in the CUET PG test design means that this year's CUET PG 2024 cut-off will be calculated from a total mark of 300. It used to be 400 marks earlier. The participating universities are conducting separate CUET PG 2024 counseling sessions on their official websites. In 2024, NTA won't be involved in the CUET PG counseling process. Candidates wishing to learn more about the CUET PG 2024 counseling rounds are asked to continue checking out the official websites of the participating universities. In 2024, master's degree programs will be admitted to 190 CUET PG participating universities (central, state, private, and others). The counseling process for the CUET PG 2024 has begun at the University of Delhi.

Econometrics  is a highly specialised field of study which is taught at the post graduation level. The courses related to this field are popular in India but it is done by some of the best brains of the society. The study of quantitative economics became all the more important as a result of the utilisation of economics as a subject that can analytically approach the problems and provide efficient solutions. The subject is also known as econometrics as it deals with the study of complex mathematical and statistical models which help in detailed study of concepts of economics. The growth and development of industries is always dependent on a few factors such as resource utilisation, maximisation of revenue and similar factors. The subject quantitative economics provide economic models required for the analysis of such factors. The demand for experts in this field are huge across all the sectors some of them being advisory bodies, multinational corporations, manufacturing units, business conglomerates and so on. The global competition has led to unending race where every enterprise wants to become the market leader. This has led to the enhanced quality and services provided by organisations. The role of economic models in such a scenario becomes all the more important. Econometrics is a highly important subject for research purpose because it always leads to an efficient solution of an economic problem. A number of esteemed institutes of the country offers courses on this subject. In a developing economy like India, the role of econometrists becomes obligatory. The experts in this field are the ones who bag the best jobs in the market. Not only in India but the employment scope for the quantitative economics experts are huge abroad also.

The syllabus of Macroeconomics is designed in such a way that it provides in-depth knowledge to students about the country's growth and GDP. The main subjects included in the curriculum are: 

• Concepts of National Income
• Macroeconomic Theory
• Principles of Economics
• Analysing Regional Economic Growth
• Development Economics
• Advanced Macroeconomics
• Monetary Policies in Macroeconomics
• Basics of Money and Banking

Please refer to the table below for the best low costing Economics colleges in India that offer the highest placement to their students:

Disclaimer: This information is sourced from the official website.

There are about 4,300+ best Economics colleges in India. Of these, 1,463 colleges are owned by public/government organisations, 1,014 colleges are privately owned, and 884 colleges are owned by public/government organisations. Students can secure admission to the best BA Economics colleges in India after passing Class 12 boards or through entrance exam like CUET. Some of the popular colleges include Hansraj College, St. Xavier's College, Mumbai, Miranda House, Lady Shri Ram College for Women, Kirori Mal College, Hindu College, Loyola College, Atma Ram Sanatan Dharma College, MCC, and many others.

Yes, economics is a rewarding career. Macroeconomics is that branch of economics that deals with the overall aspects of an economy such as income, output, employment,  etc.. This branch of economy analyses the overall economy in terms of employment, inflation, foreign trade, federal budget, productivity, interest rates, etc.

Students who study macroeconomics can opt for professions such as Market Research Analyst, Economic Consultant, Actuary, Credit Analyst, Financial Analyst, Policy Analyst, Lawyer,  and so on. Macroeconomics graduates will have some highly-sought unique skills and the employment opportunities are good. 

 Students can see the table below to learn the difference between Microeconomics and Macroeconomics.

Yes, you can surely pursue Economics in India without any entrance exam. Please refer to the table below for the best Economics colleges in India that accept students without any entrance exam:

Disclaimer: This information is sourced from the official website.