An economist is one who can ensure supply on demand, of course, at a price. This calls for understanding the concept of demand, supply and price at the very beginning. Further, to popularize the subject of economics, we need to understand it as a real drama in which consumer is the hero who is after heroin in terms of goods and services.
Anybody and everybody who creates hurdles for the hero to get heroin are termed as villain ranging from producers to retailers in the market. An economist should possess numerical ability, good analytical power, excellent communication skills, logical thinking and clarity in thoughts.
A course in Economics opens career options in government agencies, business firms, non-profit organizations, and academic institutions. Newspapers provide economics graduates with opportunities to write reports on economic and business events. Economic Journalism and development communication is the wonderful career opportunity for which there is enough scope in print, radio and TV in present times.
Globalization is the panacea for solving the Indian economic problems including unemployment for educated manpower. It possesses enough potential for exporting services of manpower in economics under the provisions of Trade in Service clause of W.T.O. regime.
Economics without ethics is like eyes without sight.
(Dr. MM Goel is professor of economics at Kurukshetra University, Haryana)