BA ECONOMICS

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BA Economics

BA in Economics or Bachelor of Arts in Economics is a 3 years Undergraduate degree course, pursued by students who aspire to make it big in Banking and Finance and other major corporate industries. BA in Economics deals with the study of various economic theories, econometrics, applied economics and various other topics. BA in Economics courses can be pursued by students after completion of class 12th board exams. BA in Economics courses are widely taught in all colleges and universities across the country. 

BA in Economics primarily concentrates on topics such as Demand and Supply, History of the Indian Economy, National Income, Inflation and Deflation, Production and Supply etc. Economics as a subject majorly deals with massive data, thus the importance of statistics is deeply ingrained across the course curriculum. 

BA in Economics Course Highlights

Name of the Course Bachelor of Arts in Economics
Course Level Undergraduate
Course Duration 3 years
Course Eligibility Criteria Class 12th Board exams with 50% aggregate marks
Course Admission Process Merit Based / Entrance Exams
Areas of Employment Government / Private Banks, Finance & Banking Sectors, Trade Markets

Why Study BA in Economics?

There are several factors, as to why should you take up BA in Economics, some of the key points are mentioned below for your reference,

Versatile Career Options: An economics degree allows you to pursue jobs in various industries and dimensions. It opens the door to a broad range of roles. An economist has the opportunity of working in industries such as business, government sectors, academics as well as private industrial settings.

Strong Foundational Knowledge: Owing to the versatility and wide range of areas an economics degree covers, it can prove to be the foundation for many highly reputed jobs. The economics syllabus helps you get an in-depth understanding of finance, markets and resource management.

Challenges: The subject of economics will require you to pursue thought provoking activities in your coursework and push you to employ critical thinking skills. During the course, you will face a lot of challenges that will enhance your understanding of world economics and how it influences many global aspects of the business.

BA in Economics Eligibility

Students who wish to pursue BA in Economics courses should fulfil the following eligibility criteria in order to get through colleges offering BA in Economics courses,

- Students should clear class 12th board exams with minimum 50% aggregate marks or equivalent CGPA

- They should clear their class 12th board exams from a recognized board

BA in Economics Syllabus

BA in Economics syllabus covers a vast range of topics starting from Financial Systems, History of Economics to Financial Markets and Foreign Economics Theory. Below mentioned table will discuss the topics that are covered in the 3 years course duration.

First Year Micro and Macro Economics
Mathematical Methods of Economics
Economic Theory
Economic Statistics
Financial Systems
Second Year History of Economics
Econometrics
Development of Economics in India
Economy and Society
Macro & Micro Economics - Intermediate
Third Year Economic Development of India
Development Theory
Economics of the Society
Foreign Economics Theory
Financial Markets
Financial Economics

BA in Economics Subjects

Semester I Semester II
Evolution and definition of Economics Economies of Scale
Nature & Scope of Economics Different Concepts of Costs Explicit & Implicit
Methods of Economics Analysis Accounting, Opportunity, Total fixed and Variable Costs
Inductive & Deductive Logic, Merit and Demerits. Marginal & Average Costs & their relationship
Utility Demand, Supply Concept of Revenue
Commodities and their types Total, Marginal & Average Revenue
Value and Price Break Even Point
Market Concept and Classification
Administered and Non- Administered Prices Perfect Competition Characteristics
Demand- Supply equilibrium. Price and Output Determination for Firm and Industry
Cardinal (Marshal) and Ordinal Utility Market Equilibrium
Approaches to Demand Characteristics and Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky) Price Discrimination
Price, Income and Substitution effects Monopolistic Competition
Derivation of Demand Curve. Characteristics Price- Output Determination
Elasticity of Demand Factor Pricing
Price, Income and Cross elasticity Theory of Marginal Productivity of Distribution
Consumer Surplus and its measurement. Concept of Adding up Theorem
Factors of Production and their Characteristics Theories of Wages and Rent: Classical and Modern.
Laws of Production Interest: Concept, Classical and Keynesian Theories of Interest
Returns to Factor and Return to Scale Profit: Net and Gross
Law of Variable Proportion Theories of Profit.
Isoquants Nature and their Characteristics -
Producers equilibrium -
Semester III Semester IV
Structure of Indian Economy - Primary, Secondary & Tertiary Sectors Infrastructure of Indian Economy
Natural Resources, Land, Water, Forest Irrigation, Power, Transport, Communication
Mineral Resources. Banking and Insurance.
Demographic Features Human Infrastructure of Indian Economy
Population, Size, Sex, Rural-Urban Classification Health, Nutrition, Education, Knowledge and Skills
Population Distribution Housing and Sanitation.
Recent National Population Policy. Planning in India- Objectives, Types, Strategy
Agriculture: Nature and Importance Analysis of Current Five- Year Plan.
Land Use Pattern Economy- Land, land Utilization Pattern
Trends in Agriculture Production and Productivity Natural Resources- Forest, Water & Mineral
Cropping Pattern. Agro-Climatic Zones
Land Reforms: Green Revolution Demographic Features of M.P.
Rural Credit Agricultural Situation in Economy
Agricultural Marketing Cropping Pattern
Mechanization Production and Productivity of Main Corps,
Small Scale and Cottage Industries- Meaning, Importance and Problems Sources of Credit in Agriculture, Irrigation
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles -
Semester V Semester VI
Macro Variables- Stock and Flow Public Finance and Public Economics
Circular Flow of income Public, Private and Merits Goods
Concept of National Income- GDP, GNP Market and State- Role and Functions
Measurement of National Income and Social Accounting in India Principle of Maximum Social Advantage
National Income and Economic Welfare Sources of Revenue- Taxes, Loans, Grants and Aids
Classical Theory of Employment Canons of Taxation
Keynesian Theory of Employment Principles of Public Expenditure
Aggregate Demand and Supply Functions Principles of Public Debt and Methods of Redaction
Effective Demand Wagener’s Law- Increasing Activities
Consumption Function Effects of Public Expenditure on Production and Distribution.
Factors Affecting Consumption Public Finance in India
Average and Marginal propensities to consume Concept and Types of Budget
Simple Investment Fiscal Deficit
Saving Function & Sources of Saving Mobilization Deficit Financing and Deficit Budget.
Investment Function Constitution and Function of Finance Commission
Marginal Efficiency of Capital Recommendation of Latest Finance Commission
Factors Affecting Capital Formation Latest Budget
Concept of Accelerator. The stock of Money and its Measures
- Cash Transaction and Cash Balance Approaches.
- Inflation, Deflation, and Recession
- Demand-Pull and Cost-Push Inflation
- Bank- Meaning and Types
- Objectives and Limitations of Monetary Policy.

Courses after BA in Economics

The first course that we will discuss and which can be chose right course after completing BA in Economics is MA in Economics. 

1) MA in economics

The basic requirements for pursuing MA in Economics are listed below for your reference,

- The eligibility for for pursuing MA in Economics is, students have to clear their graduation or BA in Economics courses from a recognised university with minimum 50% aggregate marks or equivalent CGPA

- Admissions to MA in Economics are generally done on the basis of both entrance exams conducted by various Universities as well as on the basis of merit

- The average course fees for pursuing MA in Economics ranges between INR 10,000 - 60,000

- The average placements after completing MA in Economics ranges from INR 3 - 7 LPA 

2) PhD in Economics

Students can opt for research studies or PhD in Economics courses after completing their Bachelor degree as well as Post Graduation degree. Some of the important prerequisites for pursuing PhD in Economics are mentioned below,

* The minimum eligibility for pursuing PhD in Economics courses is students have to clear their Post Graduation of Masters in Economics from a recognised university with minimum 50% - 55% aggregate marks or equivalent CGPA

* The admission to PhD in Economics courses are done on the basis of Entrance exams such as UGC NET, GATE, GRE etc

* The average course fees for pursuing PhD in Economics ranges from INR 80,000 - 6,00,000 whose duration ranges from 3 - 5 years

BA in Economics Jobs

After completing BA in Economics courses students is offered jobs in various financial sectors such as Banks, Trade Markets and other Government and private sectors. The average salary of a BA in Economics graduate ranges from INR 3 - 5 LPA.

BA in Economics Admission Process 2024

Admissions to BA in Economics are done both on the basis of merit and on the basis of entrance exams. The entrance exam questions are generally MCQ based but there might be subjective questions as well depending on the syllabus as well as on the college entrance exam pattern.

Top Recruiters

BA in Economics is one of the most sought after courses and it promises lucrative job offers by top global corporations, post it’s completion. Some of the top recruiters for BA in Economics courses are tabulated below,

Berkshire Hathaway Allianz AXA
JP Morgan Chase ICBC Bank of America
Wells Fargo HSBC Citigroup

Top Job Profiles

The most interesting part of pursuing a BA in Economics course are the job profiles that come along with it. Some of the job profiles offered post completing the course are tabulated below for your reference 

Job Profiles Job Description
Investment Banker Investment Bankers are financial advisors to big corporations and in certain cases work as government advisors as well. They help their clients raise money. They are responsible for issuing stock, floating of a bond, negotiating the acquisition of a rival company etc.
Financial Analyst A Financial Analyst is responsible for gathering information, assembling spreadsheets and writing reports and reviews on all non-legal pertinent information about prospective deals
Stock Broker A Stock broker is a professional trader who buys and sells shares on behalf of clients. A stock broker is also known as a registered representative or an investment advisor
AuditorI An Auditor is responsible for reviewing accounts of companies and organizations to ensure the validity and legality of their financial records

BA in Economics Job

The average salary post completing a BA in Economics courses ranges from 3.5 - 5 LPA, however, there might be cases where salaries can vary depending on the position and the job roles. 

Below mentioned are few of the job profiles along with their average salary for a BA in Economics graduate 

Job Profiles
Investment Banker
Financial Analyst
Stock Broker
Auditor
Systems Analyst

Conclusion

BA Economics graduates can explore various career paths, including economics research, data analysis, policy analysis, banking and finance, market research, and international organizations. 

 

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3 Year
  • Start Date5 Hrs 20 Min
  • Enrolled100
  • Lectures50
  • Skill LevelBasic
  • LanguageEnglish
  • Quizzes10
  • CertificateYes
  • Pass Percentage95%
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