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Economics Interview Questions

economicsBelow are sample interview questions for your field. In preparing for your interview, you should also review typical interview questions asked of all majors, thoroughly research the organization, dress professionally, and visit the interviewing skills section of the SU Career Center’s website. You can practice your interview skills online via Quinncia or schedule a mock interview with a Career Center staff member.

Below are sample Economics interview questions.

-What is the impact on the economy if price ceiling or price floor were removed?
-Who decides what goods services will be produced and sold in the US?
-What are the differences between perfect competition and monopoly competition?
-What are the advantages of free market economy?
-What are the advantages of capitalism?
-What is the difference between project proposal and project feasibility study?
-What is an economic problem? What are its root causes?
-Explain the term resource optimization?
-Distinguish between Gross profit and Net profit.
-How would you distinguish between Accounting Profit and Economic Profit?
-What should be the profit policy?
-What is Demand in economics? Which factors determine demand?
-How is demand different from market demand?
-What factors influence market demand?
-State and explain law of Demand?
-What are the main causes of inflation?
-How can the government of India control inflation?
-What is depression and how is it different from inflation?
-What is the advantage of mixed economy system?
-What kind of market demand and supply information would be useful to you in deciding upon a business strategy?
-What is the biggest challenge you’ve faced and how did you handle it?
-How would the people you’ve worked with describe you?
-What is one area you’d like to improve and what are you doing about it?
-Why should I hire you?
-Why are you interested in a career in (investment banking/stock brokerage/sales assistant/trader/equities supervisor/banker)?
-Can you detail your financial modeling experience?
-What shares would you recommend at the moment, and why?
-What are some important qualities that someone working in this field must have?
-What do you bring to the group when you are a part of a team effort?
-Imagine that you are at a meeting with a client, and your management director is giving a presentation. You suddenly notice a mistake in some of the calculations which you have done for the presentation. Do you tell him? When? What would you say?
-What could a company do with excess cash on the balance sheet?
-What is working capital?
-Do you have strong quantitative skills?

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