economics is about choice about making decisions in ones best interests given the constraints imposed by income costs and time about how societies can use their scarce resources to satisfy their needs this field analyses how people firms and governments obtain money and how their spending influences the production and distribution of goods and services it emphasises peoples activities as they use their environment to produce goods and services and they distribute and consume themthe various fields in economics areagricultural economics study relating to agricultural resources irrigation facilities land reforms and rural indebtedness it covers marketing of farm products forecasting production and consumption of agricultural products and suggesting improvements in agricultural financingfinancial economics deals with fiscal and monetary policies and other financial matters it studies the impact of taxes on the growth of the country and examines the value of currency exchange trends and the functioning of banking among other thingslabour economics concerned with labour problems of india it is the study of the pattern of labour force employment and unemployment productivity wages labour legislation and industrial disputesindustrial economics study of market trends for production selling methods and ways to boost sales and how to make maximum use of assets and develop desirable marketsinternational economics study of economics of international business analysis of the mechanism by wh ich international equilibrium is restored study of trade and foreign exchange policiesbusiness economics business economics deals with the analysis of the behaviour of firms in markets and industries and with determination of costs and prices courses are at present offered by 13 universities leading to master of business economics or degree in ma in business economics some of them are university of delhi devi ahilya university indore guru jambeshwar university hissar guru nanak dev university amritsar and kurukshetra university kurukshetradevelopment economics development economics is basically based on the growth theory applied to the economic problems of developing countriesrural economics and development the subject in variant forms is offered by a number of universities as one of the combinations at the bachelor degree level besides postgraduate diploma courses are available in bangalore university agra university gujarat vidyapith ahmedabad and md university rohtak moreover several universities too have introduced masters degree programmes in rural economy and rural developmenteconometrics econometrics combines economic theory expressed in mathematical form with statistical methods it is included in the masters degree syllabuses of many universities at present the subject is available only in university of madras pondicherry university rani durgavati vishwavidyalaya jabalpur sri venkateshwara university tirupati and the indian statistical institutes postgraduate diploma courses are available in annamalai university gujarat university ahmedabad guru nanak dev university amritsarpersonal traits should possess numerical ability good analytical power excellent communication skills logical thinking and clarity in thoughtstraining economics may be offered as a subject at plus two level it may be studied at an undergraduate level as ba in economics b com bachelor of business economics bba or bbs and bachelor of financial and investment analysis bfia the bfia is offered by college