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B.A. Economics Course Details: Full Form, Fees, Admission Process, Eligibility, Syllabus, Scope, Salary

Updated By Rajneesh Shukla on 04 May, 2022
Average Duration
3 years
Average Fee
5 K-2 L INR annual
Exams Accepted
CUCET, DUET, JUET ...
Study Mode
Regular,Distance Learning

BA Economics Overview

BA Economics, sometimes known as Bachelor of Arts in Economics. BA Economics is a three-year undergraduate degree program for students who want to work in banking, finance, or other large corporate areas.

Admissions to the BA Economics course are based on both merit and entrance tests. DUET, JNUEE, JMI EEE, Mumbai University Entrance Test, and other common entrance exams are held for admitting students to top BA Economics colleges such as Indian Statistical Institute, Jawaharlal Nehru University, Jadavpur University, and others.

Candidates can continue their education after earning a BA Economics by enrolling in courses such as MA Economics, PhD Economics, and other postgraduate economics programs. Admission to the BA Economics program is determined by both entrance exams and merit lists. The majority of a BA Economics entails the study of various economic theories, applied economics, econometrics, statistics, and a variety of other subjects.

About BA Economics

BA Economics is a three-year undergraduate degree program that includes basic disciplines including macro and microeconomics, financial economics, and economic statistics, among others. Loyola College, St. Xavier's College, Christ University, Presidency College, and others are among the leading universities that offer a BA Economics course.

Students who complete a BA Economics course might continue their education with courses such as MA in Economics and PhD in Economics. Admission to the BA Economics course is based on merit and entrance exams. For merit-based BA Economics admissions, candidates must achieve the college or university's stated cutoff marks.

BA Economics undergraduate course primarily covers themes such as the Indian economy's history, demand and supply in economic production, national income, inflation and deflation, and so on. Within the previous decade, it has been seen that the scope and career element of the BA Economics program has risen, and it now provides candidates with several job opportunities. Minimum beginning packages for BA Economics graduates range from INR 3-5 LPA.

BA Economics Highlights

The highlight section will contain basic information about the BA Economics program like course duration, course fee, course level, etc. to give you a better overview of the BA Economics undergraduate program.

Name of the Course

Bachelor of Arts in Economics (BA Economics)

BA Economics Course Level

Undergraduate

BA Economics Duration

3 years

BA Economics Mode

Regular/ Distance

BA Economics Eligibility Criteria

50% aggregate marks in 10+2 or equivalent exam

BA Economics Admission Process

Merit-Based/Entrance Exams

BA Economics Average Tuition Fees

INR 15,000 - INR 65,000

BA Economics Average Salary

INR 3.75 LPA - INR 6 LPA

BA Economics Areas of Employment

Trade Markets, Banks, Public/ Private Institutions, etc.

What is BA Economics?

BA Economics course includes the study of diverse economic theories, applied economics, econometrics, and other similar topics. Students can pursue BA Economics studies after clearing the 10+2 or equivalent exam with a minimum of 50% aggregate marks or more (the minimum aggregate percentage for the BA Economics admission varies from college to college). In the United States, all institutions and universities offer BA Economics programs.

Indian Economic History, Demand and Supply, Inflation and Deflation, National Income, Production and Supply, and other topics are studied in a BA Economics program. There’s a major focus on statistics throughout the BA Economics curriculum because economics is a discipline that deals with a lot of data. Because of the plethora of job opportunities available to BA Economics graduates, the number of students interested in studying BA Economics has expanded considerably over the last decade. As a beginning salary, BA Economics graduates can expect to earn between INR 3.5 and 6 LPA.

Why Choose BA Economics?

For undergraduate students, BA Economics is becoming increasingly popular. If you're thinking about enrolling in a BA Economics program, consider the following advantages of a BA Economics degree:

Excellent Fundamental Knowledge:

Studying a BA Economics course will teach you a wide range of analytical and critical thinking abilities, which leads to a wide range of professional options. Economic analysis improves your ability to understand and bring changes in current policy issues. BA Economics prepares you for a career in sectors such as global development, urban planning, policy-making, education, media, and different non-profit sectors, in addition to banking, corporate, government, and financial undertakings.

Flexible Job Options:

With a BA Economics degree, you can work in a variety of sectors and get into various job positions. BA Economics graduates have the opportunity to work in a variety of fields including the corporate sector, public sector, educational institutions, and other industrial areas.

Improved Critical Thinking:

BA Economics curriculum will push your critical thinking abilities by providing you with various practical assignments as part of your coursework. The BA Economics course is designed to help you encounter eclectic issues associated with global economics that will better prepare you to comprehend how these phenomena affect a variety of international business issues.

BA Economics Eligibility Criteria

Students who want to take BA Economics courses must meet the following requirements in order to be accepted into universities that offer BA Economics courses:

  • Students must pass the class 12th or equivalent exam from a recognized board with a minimum of 45% - 50% aggregate or equivalent CGPA from a recognized state board of education.
  • Some of the colleges/ universities may require a candidate to have passed Mathematics, Statistics, or Economics in 10+2 or equivalent examination.
  • In addition, there is no set age limit or criteria for obtaining a BA Economics admission; applicants of any age group are welcome to apply and enrol in the BA Economics program.

BA Economics Admission Process

Admissions to the BA Economics program are made based on entrance examinations and/ or merit lists depending on particular institutional requirements for their BA Economics course.

BA Economics Admission via Entrance Exam: For admission to a BA Economics program, several institutions, and universities administer an entrance exam. BA Economics admissions are granted depending on the candidate's performance in the entrance exam. 

  • Each aspirant must first register and/ or apply to the college and/ or the course, as well as review the BA Economics course eligibility conditions set forth by the colleges.
  • Following the successful completion of the application procedure, candidates may be asked to download and print an Admit Card, which will be required when appearing for the entrance test on the specified date and time. The Admit Card will serve as proof of application as well as permission to take the test.
  • The BA Economics entrance exam will be administered by the university or institution with the goal of determining the candidate's ability in many areas, which may include General Knowledge, Basic Mathematics, English Language/ Grammar, Reasoning Ability, and /or Essay Writing.
  • Following that, the university/ college will announce the results along with merit lists, which will include the candidates' names, scores, and ranks. When deciding whether or not to admit a candidate to the BA Economics course, the admission panel of the particular educational institution will take into account the candidate's ranks and scores.
  • If the admission policy requires it, candidates may be requested to attend a Personal Interview and/ or Group Discussion after being shortlisted after the entrance exam.
  • After that, the university/ college will make an admission decision based only on the candidates' overall performance in the entrance exam, personal interview, and/ or group discussion. The university/ college would also look into the candidate's previous academic record before deciding whether or not to admit the shortlisted candidates for their BA Economics course.

BA Economics Admission via Merit List: In this method of BA Economics admission, the colleges/ universities look at the candidates' qualifying exam scores as the most important factor.

  • Candidates who meet the required eligibility criteria and apply to the course and college are considered for merit-based BA Economics admissions. 
  • Candidates will subsequently be called for admission to the BA Economics course solely on the basis of merit, which is computed based on the candidate's previous academic record. In other words, a candidate's qualifying examination scores will determine whether or not they are admitted to the college for the BA Economics course.
  • Prospective students will be asked to visit the college after all applications have been received for document verification and, if necessary, subsequent selection processes.
  • Depending on the college's admission policies, additional screening processes may include a Personal Interview and/ or Group Discussion. 
  • As per each candidate's overall performance under several conditions, such as their previous academic record and the personal interview/ or group discussion, results will be announced. 
  • Candidates will be required to pay the BA Economics admission fee as well as the BA Economics tuition fee once they have been accepted into one of the three admission processes. Their admission to the BA Economics course and college will be confirmed once they have paid the relevant fees.

BA Economics Counseling: Some colleges/ universities might conduct a counseling session for admissions. This is frequent among universities that have developed a large number of constituent institutes that provide comparable courses or have a large number of associated colleges that offer the same subject. 

Candidates may be invited to attend counseling sessions in such instances, depending on the admission policies of the respective university. Here are the measures to undergo BA Economics admission process based on a counseling session.

The college and course that is applicable to the candidates will be largely influenced by the candidate's ranks and scores. In other words, higher-ranked candidates will have an easier time getting into BA Economics courses, whereas lower-ranked candidates may have a considerably harder time getting into the BA Economics course and college of their choice.

The university will make admission decisions based on the candidate's preferred course, the number of seats available in that course, and the candidate's score/ rank in the university-level entrance exam.

If you want to study BA Economics at one of India's best BA Economics Colleges, skip the headache and fill out the Common Application Form, which is available on our website. Our counselors will assist you in selecting the ideal college and course for you.

BA Economics Admission 2022

A few of the current updates on the BA Economics course in 2022 are mentioned below:

  • The last date to submit the application for BA Economics admission in January 2022 for IGNOU was extended till 31st March 2022. 
  • A few of the top entrance exams for admission into a BA Economics course are JNUEE, DUET, JMI EEE, Mumbai University Entrance Test, etc.
  • The application fee for BA Economics ranges from INR 700 to INR 1,500.
  • The average course fee for the BA Economics program is from INR 5,000 to INR 1 Lakh.

BA Economics Entrance Exams

Students interested in pursuing a BA Economics have to pass the required entrance tests. BA Economics entrance examinations and an interview process are used to determine admission to specific colleges.

Tests such as JNUEE, DUET, Jadavpur University Entrance Exams, JMI EEE, Mumbai University Entrance Test, and others are among the many entrance exams held by colleges to enroll students in BA Economics programs.

BA Economics Entrance Exam

BA Economics Registration Date

Exam Date

JNUEE

1st week of June 2022

1st week of July 2022

DUET

6th April 2022

1st week of June 2022

JMI EEE

1st week of June 2022

1st week of July 2022

BHU UET

6th April 2022

1st week of July 2022

Skills Required for BA Economics

Aspirants to a BA Economics course should have analytical and critical skills, as well as numerical skills, problem-solving skills, adaptive skills, effective communication, policy administration and management, and strong decision-making aptitude. Skills that qualify you for a BA Economics degree include:

  • Problem-Solving Techniques
  • Ability to Analyze
  • Mathematical Knowledge
  • Consistent and Strong Work Ethics 
  • Management Capabilities
  • Excellent Communication

BA Economics Course Fees

The fees for the BA Economics course range from INR 5K to 1 LPA. The cost of a BA Economics program varies depending on the college's/ university's facilities and amenities, as well as the degree of education delivered.

BA Economics Syllabus

The BA Economics course syllabus and subjects are organized in such a way that students have a deeper comprehension of the course's numerous disciplines, which is necessary for them to develop knowledge in future courses. The following are some of the most important topics covered in the BA Economics program:

1st Year -

Micro and Macro Economics

Mathematical Methods of Economics

Economic Statistics

Language Subjects

Economic Theory

Financial Systems

 

2nd Year -

History of Economics

Development of Economics in India

Macro & Micro Economics - Intermediate

Econometrics

Economy and Society

Elective Subjects

 

3rd Year -

Economic Development of India

Economics of the Society

Financial Markets

Development Theory

Foreign Economics Theory

Financial Economics

BA Economics Subjects

Students are taught in classrooms through theory and lectures, projects, and research assignments, among other things, in the BA Economics subjects and curriculum. The BA Economics subjects are meant to provide students with the necessary understanding of economic sensitivity and to instill confidence in them so that they can grow as economists, bring about positive changes in the country's economy, and benefit others. The entire BA Economics semester-wise subjects are listed below:

1st Year -  

Semester I

Semester II

Evolution and definition of Economics

Economics 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

-

 

2nd Year - 

Semester III

Semester IV

Structure of Indian Economy - Primary, Secondary & Tertiary Sectors

The infrastructure of the Indian Economy

Natural Resources, Land, Water, Forest

Irrigation, Power, Transport, Communication

Mineral Resources

Banking and Insurance

Demographic Features

Human Infrastructure of the 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

-

 

3rd Year - 

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

 

BA Economics Elective Subjects

The BA Economics candidates are required to choose a few electives of their choice during the last few semesters of their BA Economics course. Some of the electives are listed below:

  • Advanced Macroeconomics
  • Money and Financial Markets
  • International Economics
  • Economics of Health and Education
  • Political Economy
  • Applied Economics

BA Economics Scope in India

BA Economics job scope in India and overseas are plentiful, with a wide range of options for BA Economics graduates. After completing the BA Economics course, BA Economics graduates from different colleges/ universities across India can pursue various opportunities in the social work field, research or agricultural centres, corporate, etc. Agricultural companies, forecasting companies, manufacturing companies, educational companies, law firms, business firms, and international trade corporations demand BA Economics graduates.

BA Economics students can get job opportunities in diverse fields after graduating from the BA Economics course. They are employed in several different sectors like banking, financial institutions, private sectors, and government sectors. BA Economics graduate also receives a decent starting salary ranging from INR 3 - 5 LPA as a fresher. BA Economics graduates are in huge demand and they have an opportunity to be a part of a rewarding and lucrative career in a plethora of different job profiles like Analyst, Banker, Consultant, Manager, etc.

Top BA Economics Colleges in India

More than 3,511 economics colleges in India provide admission to over 20,000 BA Economics undergraduates and more than 3,000 postgraduate aspirants in Economics, with a fair number of private colleges and a significant number of government colleges. Lady Shri Ram College in Delhi, Presidency College in Chennai, Chandigarh University, and others are among the top colleges in India that offer BA Economics programs.

A list of the state-wise top BA Economics colleges in India is given below:

Some of the top BA Economics colleges in Delhi are listed below:

  • Lady Shri Ram College
  • Hindu College
  • Miranda House
  • Hansraj College

A few of the top BA Economics colleges in Bangalore are mentioned below:

  • Christ University
  • Jyoti Nivas College
  • Kristu Jayanti College
  • NMKRV College for Women
  • St. Joseph’s College

Some of the top BA Economics colleges in Chennai are listed below:

  • Loyola College
  • Presidency College
  • Queen Mary’s College
  • Guru Nanak College
  • Ethiraj College for Women

Some of the top BA Economics colleges in Mumbai are given below:

  • Jai Hind College
  • St. Xavier’s College
  • Ramnarain Ruia Autonomous College
  • St. Andrews College of Arts, Science, and Commerce

A few of the top BA Economics colleges in Kolkata are listed below:

  • Loreto College
  • Shivnath Sastri College
  • Vidyasagar College
  • Jadavpur University

BA Economics Distance Education Colleges in India

There are distance courses offered for BA Economics in addition to the standard full-time courses. Students who are unable to attend normal classes or colleges owing to a variety of reasons might enroll in distance education for BA Economics courses.

A few details to be aware of before applying for any BA Economics Distance courses are listed below.

  • Students must pass their class 12th board exam in any stream from a recognized board to be eligible to pursue BA Economics distance courses.
  • A candidate must pass their class 12th exam or equivalent exam from a recognized board with an aggregate percentage of 45% - 50% in order to be eligible to apply for a BA Economics undergraduate program.
  • The average cost of a BA Economics course in distance education is between INR 6,000 and INR 20,000.

A few of the top BA Economics distance learning colleges in India are listed below:

  • Indira Gandhi National Open University(IGNOU), Delhi
  • Netaji Subhas Open University, Kolkata
  • Rabindra Bharati University, Kolkata
  • Mahatma Gandhi University, Delhi

BA Economics Jobs

Graduates of the BA Economics degree program can find work in a variety of reputable private and public sector firms in India and overseas. Furthermore, because BA Economics has a wide range of career opportunities in India, they can work for government organizations, agricultural corporations, law firms, business firms, international trade firms, and so on. Students who complete a BA Economics course have the option to pursue a fulfilling profession in sundry job profiles as per their interests, goals, and professional aspirations.

A few of the top BA Economics job profiles are mentioned below:

Stock Broker: A Stockbroker is an intermediary with the ability to purchase and sell stocks and securities on behalf of investors in a stock market. Investors, on the other hand, are unable to trade directly on stock markets. To purchase or sell a stock on a stock market, you'll need a middleman to help you complete the transaction.

Investment Banker:Investment Bankers provide financial advice to large firms and, in some situations, also serve as government advisors. They assist their clients in raising funds. They are in charge of issuing shares, floating bonds, and negotiating the acquisition of a competitor, among other things.

Auditor: An Auditor is a person who is allowed to examine and verify financial documents for accuracy and to guarantee that businesses follow tax rules. They protect companies from fraud, point out anomalies in accounting methods, and, at special times, act as consultants, assisting companies in identifying ways to increase operational efficiency. Auditors work in a range of industries and in a variety of roles.

BA Economics Top Recruiters

Candidates with a BA Economics degree are employed in a variety of financial industries, including banks, trading markets, and other government and private sectors of the economy.

Aspirants can get attractive employment offers from top worldwide organizations after successfully completing BA Economics. The following are some of the top recruiters for BA Economics programs:

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

BA Economics Employment Areas

Agricultural companies, economic research institutions, analysis/ forecasting firms, stock exchanges, financial information firms, banks/ credit unions, international trade companies, manufacturing firms, statistical research firms, and more are all looking for BA Economics graduates. BA Economics jobs are available in a variety of industries and it pays well. The following are some regions where BA Economics students can be recruited after the BA Economics course completion:

  • Finance
  • Education
  • Business Entities
  • Law
  • Research and Development
  • Actuarial Science
  • Banking Institutions

BA Economics Salary

The average pay after completing a BA Economics program is between INR 3 and 5 LPA, however, BA Economics salaries may vary according to the position, employment responsibilities, and the types of companies hiring BA Economics graduates.

A handful of the job profiles for a BA Economics graduate are listed below along with their average compensation:

BA Economics Job Profile

BA Economics Salary per Month

Investment Banker

INR  60K

Financial Analyst

INR  80K

Auditor

INR  50K

Stock Broker

INR  50K

Systems Analyst

INR  40K

FAQs about B.A. Economics

Is BA Economics easy?

BA economics is a lot easier for students with a science background as it involves math and statistics which science students are already familiar with as compared to commerce students who may find a BA Economics course a bit difficult due to the presence of math and statistics

Can I do CA with BA economics?

Yes, candidates may pursue CA professional program with a BA economics course because a CA course allows all the candidates to pursue their BA Economics degree alongside the CA course. A few of the common subjects in both courses are taxation, costing, law, accounting, auditing, etc.
 

Is economics a tough subject?

Economics as a subject can be tough and demanding because it includes several different disciplines like mathematics, business, psychology, finance, etc. If you’re consistent, dedicated, and apply practical approaches to understand economic principles and issues then the subject would become fun and easier to understand.
 

What skills are required for BA Economics?

The BA Economics aspirants should possess the following skills and qualities:
Management Skills
Analytical Skills
Problem Solving Skills
Mathematical Skills
Effective Communication skills
Good Work Ethics
 

Do economists make good money?

The starting salary of a BA Economics graduate in India ranges from 3.5 - 6 LPA. Due to an increase in demand for economists in India, the salary projection is going to positively increase in the future.

Are economists in high demand?

Between 2019 and 2029, economist employment is predicted to rise at a rate of 14%, substantially faster than the average for all occupations. Demand for economists is predicted to rise as the global economy becomes more complicated and the business climate becomes more competitive which further makes a BA Economics degree more lucrative.
 

Is BA economics a good degree?

BA Economics degree is a solid starting point for any finance-related employment. A typical employment route for a BA Economics graduate is in data analysis, actuarial analysis, investment analysis, etc. All the above-mentioned jobs pay very well and are counted as reputed career paths.

What are the subjects in BA economics?

Some of the core subjects available in the BA economics program include Indian Economy, Econometrics, Economics Statistics, Macroeconomics, Microeconomics, History of Economics, etc. A few of the BA economics electives include Political Economy, Advanced Macroeconomics, Money and Financial Markets, International Economics, etc.

What are the jobs after BA economics?

Studying a BA Economics course can lead to a variety of intriguing professional opportunities. The following are some of the career profiles available after completing the course:

  • Stock Broker
  • Auditor
  • Business/ Economic writer
  • Investment Banker
  • Financial Analyst
  • Economist
  • Budget Analyst
     

Which is better BCom or BA economics?

Make sure to choose the B.Com or BA Economics program that best suits your interests. A B.Com degree is recommended for students interested in banking and business, while a BA Economics is recommended for students interested in demand and supply and the behavior of commodities.

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