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.