Well, I write this article witnessing two of the greatest modern day miracle that has unfolded in front of my very disbelieving eye. So, it can now be assured that “Trumponomics” has prevailed. And it is going to be the mantra followed by the United States during the tenure of Mr. Donald Trump as the Commander in Chief of the White House.
The other miracle if I can say so, is the virtue by which Reserve Bank of India in alignment with the Indian government brought about the bold decision to devalue their currency with immediate effect. These important events do have a rippling effect on economies around the world. And the repercussion of these two events can be deciphered through the tools of Economics.
The previous article talked intensively about the importance of economics and the need of economist. In this article, I would like to elaborate about the possible pathways that can be taken by any scholar to have an expert knowledge on the field of economics.
For starters, I would like to begin with serving the list of Top 10 Universities catering the service of Economics programs.
Top 10 Universities of Economics Worldwide
Rank Name of Institution Location
1 Massachusetts Institute of Technology (MIT) United States
2 Harvard University United States
3 Stanford University United States
4 Princeton University United States
5 University of California, Berkeley (UCB) United States
6 University of Chicago
7 London School of Economics and Political Science (LSE) United Kingdom
8 University of Oxford United Kingdom
9 Yale University United States
10 University of Cambridge United Kingdom
SEE ALSO : BACHELORS IN ECONOMICS IN NEPAL AND THE IMPORTANCE OF ITS EXISTENCE IN EDUCATION CURRICULUM
Top 10 Universities of Economics in Asia
|Rank||Name of Institution||Location|
|1||Tel Aviv University||Israel|
|2||University of Jerusalem||Israel|
|3||University of Tokyo||Japan|
|4||National University of Singapore (NUS)||Singapore|
|5||Shanghai Jiao Tong University||China|
|6||Singapore Management University||Singapore|
|7||Cheung Kong Graduate of Business||China|
|1o||Pakistan Institute of Development Economics||Pakistan|
Having listed out some of the elite universities, there are some criteria that must be obliged by International students who wish to pursue their further studies in these aforementioned Institutions. International students must be proficient in both written and spoken English. Also, they must appear for English proficiency test. These are some of the tests and minimum scores that are required to be eligible for further studies in these universities.
- International English Language Testing Service (IELTS) academic test with a score of 7.0 in all four components (in one exam sitting only).
- Cambridge Certificate of Proficiency in English (CPE) with grade C or better or 185 points overall and a minimum of 185 points in each individual component.
- O level (1120 Brunei, 1125 Mauritius A, 1127 Singapore) grade B or better.
- Pearson Test of English Academic (PTE) – academic test with a score of 65 in all four components (in one exam sitting).
- TOEFL IBT (Internet-based test)- At least 107 overall with a minimum of 25 in each of the four components (in one sitting only).
Upon the completion of these English tests and after finishing both legal and financial duties, then only can a scholar be eligible to continue their pathways of becoming a successful economist. Different institutes have different course structures that are being followed. Generally elite universities follow the following course structure throughout the duration of this course.
Introduction to General Economics
- Principle of Microeconomics
- Principle of Macroeconomics
- Game Theory
- Contract Theory
- Behavioural Economics
- Health Economics
- Economics and E-Commerce
- Organizational Economics
Statistics and Econometrics
- Data Analysis
- Statistical Methods in Economics
- Time series analysis
- Applied Econometrics
These are some of the courses that are being taught in these institutions.
Apart from these, it is mandatory in some of the aforementioned organizations to participate apprenticeship programs in the final year of an Undergraduate program.
The main objectives behind apprenticeship for the students is to get practical knowledge. Then apply theories and principles that were being taught in the four corner of the walls in real-life scenario. Moreover, it aims to prepare young undergrads for future challenges.
Therefore, these are some of the pathways that can be followed if one wishes to pursuit Economics as their major in higher education. It is such a tragic situation whereby a demanding and practical course such as economics does not exist in the curriculum of Nepalese education system. But the light at the end of the tunnel is that there are alternate ways to pursue the dream of being an Economist.
Cover Image : The Global Economic Outlook: Overview WORLD ECONOMIC FORUM/swiss-image.ch/Photo Moritz Hage
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