Economics is much sought across diverse roles comprising researchers, consultants, strategists and analysts. Economics is known as the queen of social sciences. Its importance stems from the fact that most of the social phenomena relating either to consumers and businesses or to the government, deal with the scarcity of resources and multiplicity of wants.
B.A Economics is a highly sought-after degree, even though it has always been surrounded with the hullabaloo of difficulty, both in terms of getting admissions and the dedication required throughout the course itself. B.A. Economics is an amalgamation of Macro economics, Micro economics and Statistics.
B.A Economics Highlights
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Course Level |
Undergraduate |
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Duration |
3 years |
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Course Mode |
Regular / Full time |
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Eligibility Criteria |
Class 12th Board exams with 50% aggregate marks |
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Admission Process |
Merit-Based / Entrance Exams |
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Average Course Fees |
45,000 |
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Average Salary |
3 - 4.5 LPA |
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Employment |
Government / Private Banks, Finance & Banking Sectors, Trade Markets |
Eligibility Criteria for B.A Economics
1. Students should clear class 12th board exams with minimum 50% aggregate marks or equivalent CGPA.
2. They should clear their class 12th board exams from a recognized board.
Admission Process
Admissions to BA in Economics are done both on the basis of merit and on the basis of entrance exams.
After submitting the college or university application form, the aspirants will be invited to appear for a written test, personal interview.
Career after Economics
Economics being a social science has its roots in a lot of humanistic themes, such as environment, agriculture, political science, etc., some of which isis also study as part of your course. After completing BA in Economics courses students are offered jobs in various financial sectors such as Banks, Trade Markets, and other Government and private sectors.
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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. |
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Financial Analyst |
A Financial Analyst is responsible for gathering information, assembling spreadsheets and writing reports and review on all non-legal pertinent information about prospective deals |
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Stock Broker |
A Stockbroker is a professional trader who buys and sells shares on behalf of clients. A stockbroker is also known as a registered representative or an investment advisor |
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Auditore |
An Auditor is responsible for reviewing accounts of companies and organizations to ensure the validity and legality of their financial records |
B.A in Economics jobs are found in the government fields-
Science
Education
UPSC
Politics
Police
Investigation
Business
Banking
B.A in Economics Syllabus
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Semester I |
Semester II |
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Evolution and definition of Economics |
Economies of Scale |
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Nature & Scope of Economics |
Different Concepts of Costs Explicit & Implicit |
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Methods of Economics Analysis |
Accounting, Opportunity, Total fixed and Variable Costs |
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Inductive & Deductive Logic, Merit and Demerits. |
Marginal & Average Costs & their relationship |
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Utility Demand, Supply |
Concept of Revenue |
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Commodities and their types |
Total, Marginal & Average Revenue |
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Value and Price |
Break Even Point |
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Market |
Concept and Classification |
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Administered and Non- Administered Prices |
Perfect Competition Characteristics |
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Demand- Supply equilibrium. |
Price and Output Determination for Firm and Industry |
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Cardinal (Marshal) and Ordinal Utility |
Market Equilibrium |
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Approaches to Demand |
Characteristics and Price- Output Determination |
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Indifference Curve: Consumer equilibrium (Hichs & Slutsky) |
Price Discrimination |
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Price, Income and Substitution effects |
Monopolistic Competition |
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Derivation of Demand Curve. |
Characteristics Price- Output Determination |
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Elasticity of Demand |
Factor Pricing |
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Price, Income and Cross elasticity |
Theory of Marginal Productivity of Distribution |
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Consumer Surplus and its measurement. |
Concept of Adding up Theorem |
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Factors of Production and their Characteristics |
Theories of Wages and Rent: Classical and Modern. |
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Laws of Production |
Interest: Concept, Classical and Keynesian Theories of Interest |
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Returns to Factor and Return to Scale |
Profit: Net and Gross |
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Law of Variable Proportion |
Theories of Profit. |
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Isoquants Nature and their Characteristics |
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Producers equilibrium |
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Semester III |
Semester IV |
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Structure of Indian Economy - Primary, Secondary & Tertiary Sectors |
Infrastructure of Indian Economy |
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Natural Resources, Land, Water, Forest |
Irrigation, Power, Transport, Communication |
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Mineral Resources. |
Banking and Insurance. |
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Demographic Features |
Human Infrastructure of Indian Economy |
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Population, Size, Sex, Rural-Urban Classification |
Health, Nutrition, Education, Knowledge and Skills |
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Population Distribution |
Housing and Sanitation. |
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Recent National Population Policy. |
Planning in India- Objectives, Types, Strategy |
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Agriculture: Nature and Importance |
Analysis of Current Five- Year Plan. |
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Land Use Pattern |
Economy- Land, land Utilization Pattern |
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Trends in Agriculture Production and Productivity |
Natural Resources- Forest, Water & Mineral |
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Cropping Pattern. |
Agro-Climatic Zones |
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Land Reforms: Green Revolution |
Demographic Features of M.P. |
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Rural Credit |
Agricultural Situation in Economy |
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Agricultural Marketing |
Cropping Pattern |
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Mechanization |
Production and Productivity of Main Corps, |
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Small Scale and Cottage Industries- Meaning, Importance and Problems |
Sources of Credit in Agriculture, Irrigation |
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Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles |
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Semester V |
Semester VI |
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Macro Variables- Stock and Flow |
Public Finance and Public Economics |
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Circular Flow of income |
Public, Private and Merits Goods |
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Concept of National Income- GDP, GNP |
Market and State- Role and Functions |
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Measurement of National Income and Social Accounting in India |
Principle of Maximum Social Advantage |
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National Income and Economic Welfare |
Sources of Revenue- Taxes, Loans, Grants and Aids |
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Classical Theory of Employment |
Canons of Taxation |
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Keynesian Theory of Employment |
Principles of Public Expenditure |
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Aggregate Demand and Supply Functions |
Principles of Public Debt and Methods of Redaction |
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Effective Demand |
Wagener’s Law- Increasing Activities |
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Consumption Function |
Effects of Public Expenditure on Production and Distribution. |
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Factors Affecting Consumption |
Public Finance in India |
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Average and Marginal propensities to consume |
Concept and Types of Budget |
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Simple Investment |
Fiscal Deficit |
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Saving Function & Sources of Saving Mobilization |
Deficit Financing and Deficit Budget. |
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Investment Function |
Constitution and Function of Finance Commission |
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Marginal Efficiency of Capital |
Recommendation of Latest Finance Commission |
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Factors Affecting Capital Formation |
Latest Budget |
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Concept of Accelerator. |
The stock of Money and its Measures |
