Curriculum The Economics of Professions
The Economics of Professions
How skilled professions work as economic systems: what makes a profession, then the pay, training costs, regulators and pressures facing doctors, nurses, lawyers, chartered accountants, software engineers, pilots, chefs, architects, pharmacists, journalists, civil servants, actuaries, counsellors and vets, and a recap.
- What Makes a Profession? What distinguishes professions like medicine and law from other jobs, including long training, licensing, self-regulating bodies and ethical codes, and the economic effects. 📄 Read-aloud
- Doctors: Hospitals, Practice and Government How Indian doctors choose between government service, private hospitals and their own practice, why specialists earn more, and the shortage of doctors in rural areas. 📄 Read-aloud
- Nurses: At Home and Abroad Why Indian nurses, especially from Kerala, migrate to the Gulf, UK and US for higher pay, the low wages in private hospitals at home, and the effects of nurse migration. 📄 Read-aloud
- Lawyers and the Legal Market How India has over a million lawyers, why earnings are highly unequal between top corporate lawyers and struggling juniors, and the growth of law firms. 📄 Read-aloud
- Chartered Accountants How the ICAI's tough CA exams have low pass rates, why CAs are in demand for audit and tax, and the role of CAs in India's financial system. 📄 Read-aloud
- Software Engineers How software engineering became India's most popular professional career, why pay varies hugely between service firms and product companies, and the effects of AI. 📄 Read-aloud
- The Economics of Professions: Checkpoint 1 Quick checkpoint - five questions on professions, doctors, nurses, lawyers and CAs. 5 questions
- Pilots How becoming an airline pilot in India costs a lot in flying school fees, why pilots are in short supply as airlines expand, and the regulation of pilots' duty hours. 📄 Read-aloud
- Chefs and Kitchen Careers How chefs build careers through hotel management schools and kitchen ranks, why pay starts low and hours are long, and how celebrity chefs and cloud kitchens changed the field. 📄 Read-aloud
- Architects How architects must register with the Council of Architecture, why fees and pay are often low, and competition from engineers and builders. 📄 Read-aloud
- Pharmacists How pharmacists must be registered to run chemist shops, why many shops rent pharmacist licences, and the role of pharmacists in patient safety. 📄 Read-aloud
- Journalists How journalism careers changed as newspapers lost advertising to digital platforms, why pay is low for many reporters, and the rise of independent digital media. 📄 Read-aloud
- Civil Servants Why lakhs of candidates compete for a few hundred IAS, IPS and other posts through the UPSC exam, and the pay, power and prestige of civil service careers. 📄 Read-aloud
- Actuaries How actuaries use statistics to price insurance and pensions, why the qualification is tough, and why actuaries are scarce and well-paid in India. 📄 Read-aloud
- Psychologists and Counsellors How demand for mental health professionals is rising in India, why clinical psychologists must be registered with the Rehabilitation Council, and the shortage of trained counsellors. 📄 Read-aloud
- Veterinarians How veterinarians care for livestock and pets, why India needs more rural vets for its huge livestock population, and the growing pet care market. 📄 Read-aloud
- Professions: Recap A recap of the economics of professions. 📄 Read-aloud