An economist is a person who has specialized in the subject of economics .A economist has to do his Phd in economics to practice as a economist. He is also a person who studies the production and distribution of resources. He applies his theories of economics to the economic status of the nation .They are mainly into the research .They find out theories and collect data and predict the status depending upon the data . The predictions will help the leaders to draft a government policy on the basis of the predictions.
They take the help of staticians to collect data and give an analysis on it. The contribution of a economist is most relevant to the policy makers of the country. An economist can make efficient predictions. They research historic trends and come to a conclusion on the future of the nations. They help a country to be on the right track.
To be economists one must be a 12th pass out from a recognized university.
Step 1 To be an economist one must do bachelors in any subject if it is maths or statistics it will be of help to do your masters in Economics. Top colleges that offer bachelors in economics are:-
1) St Stephens College , Delhi
2) Madras Christian College ,Chennai
3) Lala Lajpatrai College of Commerce and Economics ,Mumbai University
Step 2 Join for masters in economics in any top university .Some of the colleges that provide masters are
1) St Stomas College ,Kerala
2) Madras Christian College ,Chennai
3) Christ University ,Bangalore
Step 3 To be an economist you must have good knowledge on the topic for that you must take doctorate in economics to practice as an economist .Colleges that provide doctorate in economics are
1) Delhi School of Economics
2) National Institute of Technology, Rourkela
3) Dr B R Ambedkar University
4) Madras Christian College ,Chennai
An economist can do researches on topics therefore they can be called a research economist. They can be even employed as business economist where they can take the most important decisions in the business and can be the policy makers. They can also be financial economists who can help in the making of the financial policies of the country. An economist can also work as a labor economist, industrial economist and a international economist.
The salary of an economist will depend upon the years of experience and the type of job you are pursuing .If you are working as a professor then you can get a salary up to Rs 60,000.If you indulged in research then you can get a salary depending upon the experience of the candidate.
