BA Economics Syllabus & Subjects 2024

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Feb 29, 2024 11:14AM IST

BA Economics Subjects and Syllabus Overview

Bachelor of Arts in Economics or BA Economics subjects are centred on the foundation course topics like: microeconomics, macroeconomics, econometrics, and mathematical economics. It is through these core subjects that students develop essential skills of quantitative ability and critical thinking. In addition, the BA in Economics course also includes connected specialised subjects like public economics, finance markets, development and international trade, which can help the students to custom fit according to their career goals and aspirations.

Students through taking the BA Economics as a course learn data literacy and critical thinking, which include advanced analytical skills. Such skills put students on the path to well-paid, professionally challenging careers. A diverse range of economics skills are in high demand by organisations engaged in fields such as public policy, management consulting, statistics analysis, journalism, finance, and entrepreneurship. Such employers recruit those who have received a well-balanced education in both theory and data analysis. At the starting salary for BA Economics graduates it usually is around INR 3,60,000, and it grows to INR 30,00,000 and more by the time an individual rises to a management role.

As the digital platform in sectors such as e-commerce, digital finance, and data analytics, are increasing, the Indian economics graduates have multiple career opportunities to explore. Their elixir of statistical, logical, and economic thinking techniques is crucial in these new tech-focused positions. In addition to domain knowledge, a BA Economics degree also cocreates a versatile thinking that is applicable in different transitions. This makes them highly capable of functioning in a wide range of work environments.

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BA Economics Syllabus: Highlights

Candidates can check the details related to the BA Economics syllabus and course in the table below:

ParticularsDetails 
Course NameBA Economics 
Full NameBachelor of Arts in Economics
Course Level Undergraduation
Course ModeFull Time, Distance Learning, Online 
Course Eligibility CriteriaClass 12th Board exams with at least 50% aggregate marks
Duration 3 Years
Top Entrance ExamsCUET, BHU UET, Symbiosis Entrance Test, NPAT, PUCET
Course Fee Up to INR 5 lakh 
Average Salary INR 3 to 6 lakh 
Top Recruiting Companies KPMG, The Economist, World Bank, IMF, CRISIL
Top Colleges/Universities for BA Economics Syllabus Delhi University, IPU, BHU, JMI, Aligarh Muslim University, Chitkara University, Chandigarh University, etc.
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Year Wise BA Economics Syllabus

All BA Economics subjects are taught to help undergraduates expand their understanding of economics. The syllabus includes a vast variety of topics ranging from Financial Systems to Foreign Economics Theory. Provided below are the BA Economics subjects that are covered in the course duration of 3 years.

BA Economics 1st Year Syllabus

Check out the first-year BA Economics syllabus below:

Semester ISemester II
Evolution and Definition of EconomicsEconomics of Scale
Nature & Scope of EconomicsPerfect Competition Characteristics
Methods of Economics AnalysisAccounting, Opportunity, Total Fixed and Variable Costs
Inductive and Deductive Logic, Merit, and Demerits.Market Equilibrium
Utility Demand, SupplyConcept of Revenue
Cardinal (Marshal) and Ordinal UtilityTotal, Marginal & Average Revenue
Value and PriceBreak-Even Point
MarketConcept and Classification
Commodities and their typesMarginal & Average Costs & their relationship
Demand- Supply EquilibriumPrice and Output Determination for Firm and Industry
Price, Income and Substitution effectsDifferent Concepts of Costs Explicit & Implicit
Administered and Non- Non-Administered PricesCharacteristics and Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)Price Discrimination
Factors of Production and their CharacteristicsMonopolistic Competition
Approaches to DemandCharacteristics Price - Output Determination
Elasticity of DemandFactor Pricing
Price, Income, and Cross ElasticityTheory of Marginal Productivity of Distribution
Laws of ProductionInterest: Concept, Classical and Keynesian Theories of Interest
Derivation of Demand CurveTheories of Wages and Rent: Classical and Modern
Law of Variable ProportionConcept of Adding up Theorem
Returns to Factor and Return to ScaleProfit: Net and Gross
Producers EquilibriumTheories of Profit
Isoquants Nature and Their Characteristics

BA Economics 2nd Year Syllabus

Captured below are the BA Economics course subjects that are a part of the second-year syllabus:

Semester IIISemester IV
Structure of Indian Economy - Primary, Secondary & Tertiary SectorsThe infrastructure of the Indian Economy
Natural Resources, Land, Water, ForestIrrigation, Power, Transport, Communication
Mineral ResourcesBanking and Insurance
Demographic FeaturesHuman Infrastructure of the Indian Economy
Population, Size, Sex, Rural-Urban ClassificationHealth, Nutrition, Education, Knowledge, and Skills
Population DistributionHousing and Sanitation
Recent National Population PolicyPlanning in India- Objectives, Types, Strategy
Agriculture: Nature and ImportanceAnalysis of Current Five-Year Plan
Land Use PatternEconomy- Land, land Utilization Pattern
Trends in Agriculture Production and ProductivityNatural Resources- Forest, Water & Mineral
Agricultural MarketingAgro-Climatic Zones
Land Reforms: Green RevolutionDemographic Features of M.P.
Rural CreditAgricultural Situation in the Economy
Cropping PatternCropping Pattern
MechanizationProduction and Productivity of Main Corps,
Small Scale and Cottage Industries- Meaning, Importance and ProblemsSources of Credit in Agriculture, Irrigation

BA Economics 3rd Year Syllabus

Check out the BA Economics subjects for the third year here:

Semester VSemester VI
Macro Variables- Stock and FlowPublic Finance and Public Economics
Concept of AcceleratorInflation, Deflation, and Recession
Concept of National Income- GDP, GNPMarket and State- Role and Functions
Keynesian Theory of EmploymentPrinciple of Maximum Social Advantage
National Income and Economic WelfareSources of Revenue- Taxes, Loans, Grants, and Aids
Classical Theory of EmploymentCanons of Taxation
Measurement of National Income and Social Accounting in IndiaPrinciples of Public Expenditure
Aggregate Demand and Supply FunctionsPrinciples of Public Debt and Methods of Redaction
Effective DemandWagener’s Law- Increasing Activities
Simple InvestmentPublic Finance in India
Circular Flow of incomeFiscal Deficit
Consumption FunctionEffects of Public Expenditure on Production and Distribution.
Factors Affecting ConsumptionPublic, Private, and Merits Goods
Average and Marginal Propensities to ConsumeConcept and Types of Budget
Investment FunctionConstitution and Function of Finance Commission
Saving Function & Sources of Saving MobilizationDeficit Financing and Deficit Budget
Factors Affecting Capital FormationThe Stock of Money and its Measures
Marginal Efficiency of CapitalRecommendation of Latest Finance Commission
-Latest Budget
-Cash Transaction and Cash Balance Approaches.
-Bank- Meaning and Types
-Objectives and Limitations of Monetary Policy
-Demand-Pull and Cost-Push Inflation
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BA Economics Subjects

BA Economics syllabus comprises both core and elective courses. Here are the various main BA Economics Subjects taught in the programme. Candidates must note that some BA Economics subjects are related to social science while some are related to mathematimiddle-incomecs.

SubjectsDescription of Subjects
MacroeconomicsThe subject largely focuses on the performance of economies such as inflation, changes in economic output, the balance of payments and interest and foreign exchange rates.
MicroeconomicsThe subject briefs about what is expected to happen (tendencies) when an individual makes choices in response to changes in prices, incentives, methods of production, and/ or resources.
Indian EconomyThe Indian Economy is a middle income developing market economy. This subject is a complete study on the nation’s Economy and all aspects of the system which manages the Economic activities of India.
Economics StatisticsClosely related to econometrics and business statistics, Economics Statistics is all about the dissemination, collection, compilation, processing, and analysis of economic data.
EconometricsThe subject uses mathematics, statistical inference and economic theory to quantify economic phenomena. In other words, in this subject candidates learn about how to turn theoretical economic models into useful tools for economic policymaking.
History of EconomicsIt is a compiled study of the philosophies of the several theories and thinkers that later became political economy and economics. It covers the development of the Indian economy from the ancient world to the present day. 
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BA Economics Common Subjects for All Semester

Based on typical BA economics curriculum, here are some common subjects that are often required across multiple semesters:

Principles of Microeconomics - Introduces supply and demand, consumer/ firm behaviour, market structures. Usually taken in 1st year.
Principles of Macroeconomics - Covers broader economy like GDP, unemployment, inflation. Also 1st year.
Intermediate Microeconomics - 2nd year, goes deeper into consumer/ firm theory, market failures.
Intermediate Macroeconomics - 2nd year, expands on macro models, fiscal/ monetary policy.
Mathematical Economics - Covers mathematical models used in economics.
Econometrics - Introduces statistical methods for economic data analysis. Often 2nd or 3rd year.
Economic Statistics - Focuses on economic data sources, analysis, inference.

Electives - Fields like international economics, public economics, labour economics.

Other common core subjects:

Microeconomic Theory
Macroeconomic Theory
History of Economic Thought
Political Economy
Economics Research Methods

The order may vary, but these foundational theory, statistical, and mathematical courses tend to be requirements across multiple semesters for a BA in Economics course.

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BA Economics Entrance Exam Syllabus

There are only two major (one national-level and other university-level) entrance exams for admission to BA Economics course in India, one is CUET UG and the other one is IPU CET. However, there are many institutions that conduct their own entrance tests to admit candidates to the BA Economics programme. Most of these entrance exams are mostly done for either BA Economics Hons or B.Sc Economics with/ without Hons. degree.

Here’s the CUET UG 2024 and IPU CET 2024 syllabus for BA Economics:

BA Economics CUET Syllabus: 

The BA Economics CUET UG syllabus covers subjects like microeconomics, macroeconomics, mathematical economics, statistics, econometrics, development economics, environment economics, public economics, money and banking, international economics, growth and development economics. Students will need to have a conceptual understanding of these topics and apply economic reasoning to solve problems. The exam will test logical reasoning skills, quantitative ability, and language comprehension as applicable to the domain of Economics.

BA Economics IPU CET Syllabus: 

The BA Economics IPU CET syllabus broadly covers micro and macro economics, statistical and mathematical economics. The major topics include theory of consumer behavior and demand, production, cost analysis, market structures and price determination, national income accounting, determination of income and employment, money and banking, balance of payments, economic growth and development as well as statistical tools like measures of central tendency, correlation and regression. A strong grasp over the principles of economics, ability to analyze real world situations from an economic perspective and apply mathematical and statistical tools are tested in the exam.

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BA Economics Optional/Elective Subjects

While the choice of elective subjects for a BA Economics program may vary across universities, the UGC in India provides general guidelines rather than a specific list of elective subjects. However, here's a compilation of some of the most popular and commonly offered elective subjects for BA Economics students. Please note that the availability of these electives may depend on the specific BA Economics syllabus of the university you are enrolled in:

Semester 3Semester 4
  • Introduction to Financial Economics
  • Health Economics
  • Public Economics II
  • Labour Economics
  • Industrial Economics
  • International Finance
Semester 5Semester 6
  • Agricultural Economics
  • Development Economics II
  • Game Theory
  • Behavioral Economics
  • Econometrics for Development Economics
  • Seminar on Contemporary Economic Issues
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BA Economics Syllabus for Distance Course

BA Economics is offered through regular mode as well as Distance mode. In distance mode, candidates not only have the flexibility of time but also they are taught BA Economics course subjects through online mode. The course fees for BA Economics Distance Courses are also less when compared to the traditional courses. The BA Economics Syllabus for distance courses is very similar to the regular BA Economics syllabus. The semester-wise topics and subjects that are often included in the course curriculum of a distance learning programme are as follows:

Semester ISemester II
Evolution and Definition of EconomicsEconomies of Scale
Methods of Economics AnalysisConcept of Revenue
Inductive & Deductive Logic, Merit and DemeritsMarginal & Average Costs & their relationship
Nature & Scope of EconomicsDifferent Concepts of Costs Explicit & Implicit
Administered and Non- Non-Administered PricesAccounting, Opportunity, Total Fixed and Variable Costs
Value and PricePerfect Competition Characteristics
Commodities and their typesBreak Even Point
Cardinal (Marshal) and Ordinal UtilityTotal, Marginal & Average Revenue
Utility Demand, SupplyCharacteristics and Price- Output Determination
MarketConcept and Classification
Approaches to DemandMarket Equilibrium
Demand- Supply equilibrium.Price and Output Determination for Firm and Industry
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)Monopolistic Competition
Price, Income and Substitution effectsTheory of Marginal Productivity of Distribution
Price, Income and Cross elasticityPrice Discrimination
Derivation of Demand CurveCharacteristics Price- Output Determination
Consumer Surplus and its measurementTheories of Wages and Rent: Classical and Modern
Elasticity of DemandFactor Pricing
Laws of ProductionInterest: Concept, Classical and Keynesian Theories of Interest
Returns to Factor and Return to ScaleConcept of Adding up Theorem
Factors of Production and their CharacteristicsProfit: Net and Gross
Semester IIISemester IV
Structure of Indian Economy – Primary, Secondary & Tertiary SectorsInfrastructure of Indian Economy
Population, Size, Sex, Rural-Urban ClassificationHuman Infrastructure of Indian Economy
Population DistributionBanking and Insurance
Natural Resources, Land, Water, ForestSources of Credit in Agriculture, Irrigation
Mineral ResourcesIrrigation, Power, Transport, Communication
Agriculture: Nature and ImportancePlanning in India- Objectives, Types, Strategy
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, AutomobilesAgricultural Situation in Economy
Demographic FeaturesEconomy- Land, land Utilization Pattern
Cropping PatternHousing and Sanitation.
Land Reforms: Green RevolutionHealth, Nutrition, Education, Knowledge and Skills
Land Use PatternDemographic Features of M.P.
Trends in Agriculture Production and ProductivityAnalysis of Current Five- Year Plan
Recent National Population PolicyAgro-Climatic Zones
MechanizationProduction and Productivity of Main Corps,
Rural CreditNatural Resources- Forest, Water & Mineral
Agricultural MarketingCropping Pattern
Semester VSemester VI
Macro Variables- Stock and FlowPublic Finance and Public Economics
Concept of National Income- GDP, GNPPublic, Private and Merits Goods
National Income and Economic WelfareSources of Revenue- Taxes, Loans, Grants and Aids
Measurement of National Income and Social Accounting in IndiaMarket and State- Role and Functions
Circular Flow of incomePrinciples of Public Debt and Methods of Redaction
Consumption FunctionPrinciple of Maximum Social Advantage
Keynesian Theory of EmploymentPublic Finance in IndiaBanking and Insurance
Classical Theory of EmploymentCanons of Taxation
Effective DemandPrinciples of Public Expenditure
Factors Affecting ConsumptionWagener’s Law- Increasing Activities
Factors Affecting Capital FormationFiscal Deficit
Simple InvestmentLatest Budget
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BA Economics Important Books

Here are some of the most helpful and important BA Economics course books for your reference:

CategoryBook TitleAuthor(s)
Introductory MicroeconomicsPrinciples of MicroeconomicsN. Gregory Mankiw
Introductory MacroeconomicsPrinciples of MacroeconomicsN. Gregory Mankiw
Intermediate MicroeconomicsMicroeconomic Theory: Basic Principles and ExtensionsHal Varian
Intermediate MacroeconomicsMacroeconomicsOlivier Blanchard
EconometricsIntroductory Econometrics: A Modern ApproachJeffrey Wooldridge
Indian EconomyIndian EconomyRamesh Singh
Indian EconomyIndian EconomyUma Kapila (series)
Economic DevelopmentDevelopment EconomicsDebraj Ray
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BA Economics Course Structure

In India, you study for a BA in Economics over three years which includes six semesters. During the initial two semesters, your studies are focused on basic subjects like microeconomics and macroeconomics, as well as mathematics, statistics and an introduction to econometrics while also completing courses that are needed for general education. Over the following four semesters, students will take more complex courses that include advanced microeconomics, macroeconomics and econometrics. They will also study public economics, money and financial institutions as well as international economics along with growth and development in economies.

The programme includes practical subjects like environmental economics, health-related economic studies and understanding of finances pertaining to agriculture or industries which vary based on the institution attended. Many programs require that students choose a specific area in economics and take between five to six classes on this topic during the last year.

The studies also concentrate on developing abilities for analyzing numbers, which are important for creating and assessing economic policies. Many universities include group projects, presentations and hands-on learning with software for economic analysis in their programs. This way of organizing the courses gives students a clear understanding of concepts and important technical abilities needed for jobs that use economic ideas in actual situations.

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FAQs about B.A. Economics Syllabus

What electives are offered in BA Economics?

Electives offered in BA Economics can vary depending on the university, but some common options include:

- Behavioral Economics

- Game Theory

- Industrial Economics

- Agricultural Economics

- Health Economics

- Public Economics II

- Labor Economics

- International Finance

- Development Economics II

- Econometrics for Development Economics

Is BA Economics a good course?

Whether a BA Economics degree is suitable for you depends on your interests, goals, and aptitude for the subject. If you have a passion for economics, find joy in analyzing data, and possess problem-solving skills, then studying BA Economics subjects can be a valuable asset in your career. Graduates from BA Economics programs, equipped with a solid understanding of economic principles and theories, are well-prepared for diverse career paths in finance, business, government, and academia.

What is the course duration of BA Economics?

The course duration of BA Economics typically ranges from 3 to 4 years, depending on the specific program and whether it is pursued full-time or part-time. This translates to a total duration of approximately 36 to 48 months.

Which reference books can I study in BA Economics?

Some reference books that can be studied in BA Economics are Essential Mathematics for Economic Analysis by Prof Knut Sydsaeter and Prof Peter Hammond, Principles of Economics by N. Gregory Mankiw, Fundamental Methods of Mathematical EconomicsBy Wainwright Chiang, People's History of India by Irfan Habib etc.

Is BA Economics offered in distance mode?

Certainly, BA Economics is available in the distance learning format at certain universities and institutions in India. Distance education programs offer flexibility and accessibility, catering to students who cannot participate in traditional classroom settings. The curriculum and syllabus for distance BA Economics programs usually mirror those of regular programs, with assessments conducted through a mix of assignments, examinations, and projects.

What are some BA Economics subjects that are common for all semesters?

Indian Economy, History of Economics, Economics of the Society, Basic Financial Accounting , Insurance & Banking, Econometrics, Evolution of EconomicsEconomic Theories etc. are some BA Economics subjects that are common for all semesters.

What entrance exams are popular for BA Economics admission?

Some popular entrance exams for BA Economics admission are CUET, IPU CET, TISS BAT etc.

Is BA Economics syllabus difficult?

The BA Economics syllabus may pose challenges, particularly for those less familiar with mathematical and economic concepts. Nevertheless, success is entirely attainable with dedication and diligence. Staying organized, attending classes consistently, and reaching out to professors or tutors for assistance when necessary are essential strategies for overcoming these challenges.

What is the BA Economics distance mode syllabus?

The distance mode syllabus for BA Economics is very similar to the traditional syllabus. It has subjects like Evolution and definition of Economics, Inductive & Deductive Logic, Merit and Demerits, Nature & Scope of Economics, Methods of Economics Analysis, Value and Price, Utility Demand, Supply etc.

Which colleges are the best for BA Economics admission?

Here is a compilation of the top 10 colleges in India for BA Economics admission:
- Delhi School of Economics (DSE), University of Delhi
- St. Xavier's College, Mumbai
- Presidency University, Kolkata
- Lady Shri Ram College for Women, University of Delhi
- Hindu College, University of Delhi
- Loyola College, Chennai
- Jamia Millia Islamia, New Delhi
- Banaras Hindu University, Varanasi
- Symbiosis School of Economics, Pune
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

What job profiles can be considered after BA Economics?

Upon achieving a BA in Economics, a myriad of job opportunities opens up in finance, banking, research, consulting, and government sectors. Graduates can delve into roles like financial analyst, economist, market researcher, data analyst, policy analyst, and more. Moreover, avenues in academia or teaching are available. Further studies for specialization within economics are also an option. The program equips individuals with a diverse skill set, widening the scope for varied and rewarding career paths.

How much salary can I make after BA Economics?

The initial salary for a BA Economics graduate in India hinges on factors like the job role, employer, academic record, and skills. Generally, it falls between INR 3 to INR 5 lakhs annually. As professionals gain experience, their salaries can rise substantially. Experienced economists and analysts may earn over INR 8-10 lakhs per annum or even more based on their expertise and career trajectory.

What are some top recruiters that hire BA Economics graduates?

Top recruiters that hire graduates after BA Economics include Accenture, Capgemini, HSBC, Standard Chartered, Axis Bank, NABARD, ICICI Bank and Deutsche Bank among others.

How is the BA Economics syllabus different from the BSc Economics syllabus

Here is a straightforward comparison of BA Economics and BSc Economics syllabi:
- BA Economics: Emphasizes theoretical concepts and economic principles and focuses on understanding economic theories applied to real-world issues
- BSc Economics: Places a greater emphasis on quantitative and mathematical aspects and utilizes rigorous mathematical and statistical tools for economic analysis

In short, the BA Economics syllabus centres on theoretical foundations, while the BSc Economics syllabus delves into quantitative and mathematical dimensions.

Can I go for higher education after BA Economics?

After BA Economics, candidates can go for master’s degree courses like MA Economics, MSc Economics, MBA etc
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