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Economics Questions You Can Expect In Your Interviews

Feb 18, 2020 | 3 minutes |

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With the interview dates coming closer, many of you might be feeling anxious or worried, but that's okay. Each one of us goes through it. Just keep yourself calm, talk to your mentors/teachers/seniors, and prepare well. The important thing is to keep going forward and give your best for the preparation.  In this article, I will help you by giving you some ideas on the type of questions that you might be asked in the interview.
As an economics student, you are supposed to know about the recent national and international events that have an impact on the world and India's economy. You will also be asked basic economics questions. So it would be best if you revise your notes as well because if a question is asked from your academic background, then you must be able to answer it. Otherwise, it might put you in a bad light in front of the interviewers. If I were to point out some critical topics that you should cover before your interviews, then I would list out the following - 1.   Questions from your academics. 2.   Basic concepts of Macroeconomics and Microeconomics. 3.   Monetary policies. 4.   Fiscal policies. 5.   Application of economics concepts in recent events. 6.   Recent national and international events and their effect on int. trade and oil prices. 7.   This year's budget, the more you know about it, the better. 8.   Five things that you liked the most about the budget. 9.   Five things that you think are missing and should have been there in the budget. 10.  If you were the Finance Minister, what would you have done differently in your term? On a different note, I think that you will be relieved to know that the interviewers aren't going to judge you by your academic knowledge only. They want to check many different qualities in you. They might ask tough questions to you, knowing that you can't answer those. So it's okay if you can't answer each question correctly. Don't start throwing jargon at them. They might intentionally make it a stress interview for you, but you must appear calm and confident and believe me it will do wonders. If you have the right skills, then you can navigate the interview towards something that you are comfortable with. Hence, you must focus on your soft skills as well. Good Luck!
You also need to know the basic concepts of the domain you want to make a career in, post your MBA. For domain-specific concepts, you should go through:

Marketing
Finance
Human Resources
Operations Management

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Check Out Our Guides On Answering The Difficult Personal Interview Questions: Part 1 | Part 2

Apart from all of the above, keep yourself updated with current affairs! Read The Most Important Current Affairs Topics For Your MBA Interviews!