How Economics can be a financially stronger profession?

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Introduction
It is often said that, Economists know how to
manage the surplus needs with scare materials.
The fact that economists are considered as
seers, who are highly predictive about the future
spending by merely learning about the present
availability, makes us curious about the
predictability of economics.
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In todays highly competent markets, there is a
need for steadfast economists, who can improve
the figure of declining economy. To learn more
about economics lets thoroughly learn about it
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What is Economics?
Economics is a subject of social- science that
studies the production, distribution, and
consumption of goods and services.
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What are the various branches of Economics?
Economics is broadly divided into micro and macro
economics respectively
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MICRO ECONOMICS

• Micro economics analyzes the basic elements in
  the economy such as markets and individual agents
  such as households, buyers, and sellers.

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• It deals with an individual product, firm,
  household, industry, wages, prices, etc.

• It determines the price of a particular commodity
  along with the prices of complementary and
  substitute goods.

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MACRO ECONOMICS

• Macro economics analyzes the entire economy such
  as consumption, saving and the issues affiliated
  to it like labor, capital, land, and the public
  policies like monetary and fiscal

• It deals with aggregates like national income,
  national output, price level, etc.

• It is helpful in maintaining the general price
  level.

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Why study economics?

• Microeconomics provides the tools to analyze
  individuals, firms, and governments.
• It finds the social context and the implications
  for human welfare.

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• It presents a wide range of controversial public
  policy questions, including environmental
  regulation, government restrictions on domestic
  and international markets, and the structure of
  the legal system.

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• Macro economics helps to explore the sources of
  economic growth and the causes of its recession
  and inflation.

What are the career options in this field ?
Economics is a vast field with a plethora of
career options available. To mention a few,
Economic consulting, corporate world, masters of
business administration, government and non-
profits and legal profession are the fields one
can approach for the establishment of a settled
career.
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What is the salary offered in the field of
economics?
According to the Bureau of Labor Statistics, the
employment of economists is projected to grow 6
percent from 2016 to 2026, about as fast as the
average for all occupations.
As per the statistics, the median annual wage for
economists was 104,340 in May 2018 and is likely
to rise more.
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