Bachelor of Arts Economics 2021 Syllabus, Eligibility & Colleges Update : Current School News

Bachelor of Arts Economics 2021 Syllabus, Eligibility & Colleges Update

Filed in Education by on May 5, 2021

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Bachelor of Arts (BA): Economics is a branch of social science that involves analyzing the production, distribution, and consumption of products and services available in the market.

Bachelor of Arts Economics

If this is your field and you need more detailed information concerning this field of study then you are in the right source because I will discuss with you about B.A in Economics, Syllabus, Eligibility as well as colleges you can choose. I will discuss carefully on the following

B.A. Economics is a is a 3- year-long graduate-level course divided into 6 semesters, with each semester spanning 6 months. However, some universities follow the yearly pattern of examination.

The course is designed to train pupils in analyzing concepts and processes of the economy by educating them in areas such as definition, nature, scope, concepts, utility, production, market, monopoly, etc.

Top Institutes offering this course are:

  • Loyola College, Chennai
  • Christ University
  • Presidency College, Chennai
  • Madras Christian College
  • Fergusson College

The eligibility criteria and average course fees charged in India for the course vary from institute to institute. The average course fee ranges between INR 25,000 and 3 lacs. A 10+2 qualification from a recognized educational Board with a minimum aggregate score of 45% is the minimum eligibility needed for admission to the course.

Upon successful completion of the course, graduates can expect an average starting salary ranging between INR 2.5 and 5 lacs annually, depending upon the organization and the candidate’s skillsets.

B.A. Economics: Course Highlights

Listed below are some of the major highlights of the course.

Course LevelGraduate
Duration3 Years
Examination TypeSemester/ Annual system
Eligibility10+2 or equivalent exam from a recognized Board
Admission ProcessEntrance exam or direct admission
Course FeeINR 2.5 to 3 Lacs
Average Starting SalaryINR 2.5 to 5 Lacs

Top Colleges for Bachelor of Arts [BA] (Economics)

  • Bachelor Of Arts [BA] (Economics) In Tamil Nadu
  • Bachelor Of Arts [BA] (Economics) In Uttar Pradesh
  • Bachelor Of Arts [BA] (Economics) In Maharashtra
  • Bachelor Of Arts [BA] (Economics) In Karnataka
  • Bachelor Of Arts [BA] (Economics) In Assam

B.A. Economics: What is it about?

B.A. in Economics is a 3- year-long course generally comprising qualitative and quantitative approaches to Social Science. The course essentially involves a study of the main aspects related to improving an organization’s overall profitability through different approaches and techniques

The principal subjects covered in the curriculum are Microeconomics, Macroeconomics, Political Economics, etc.

B.A. Economics: Top Institutes

The country’s main universities, namely the University of Delhi, Jawaharlal Nehru University, Mumbai University, and Calcutta University offer the course.

Listed below are some of the top institutes offering the course in the country along with the respective locations and fees charged by each.

College NameCityAverage Fees IN INR
Jai Hind CollegeMumbai4,520
AIMS InstituteBangalore1.9 Lacs
Shri Shikshayatan CollegeKolkata88,000
Christ UniversityBangalore1,00,000
St. Xavier’s CollegeAhmedabad1,820
Jadavpur UniversityKolkata2,750
Loyola CollegeChennai4,610
Symbiosis College of Arts and CommercePune17,400
IP College for WomenDelhi24,600
Sacred Heart CollegeKerela4,000

Eligibility for B.A. Economics

The minimum criterion of eligibility needed to be met for admission to the course is a 10+2 or equivalent qualification from a recognized institute/ university with a minimum aggregate score of 50. Candidates awaiting their final examinations’ results are also eligible to apply on a provisional basis.

B.A. Economics: Admission Process

The general procedure for admission to the course is merit-based, i.e. based on the merit obtained by the candidate at the 10+2 level. A few institutes also conduct entrance exams for admission to the course. Thereafter, rounds of a personal interview may follow.

B.A. Economics Distance Learning Top Institutes

Distance Education or correspondence course are meant for candidates that wish to pursue this degree while working. The degree awarded and duration of the course is the same as the regular course. The duration might be more in some institutes/universities.

Top Institutes offering this course as distance mode of learning are:

Name of the InstituteLocationAverage Fee (in INR)
Jamia Millia IslamiaDelhi7,000
Jamia HamdardDelhi9,300
Jawaharlal Nehru UniversityDelhi366
Nalanda Open UniversityPatna2,400
Annamalai UniversityTamil Nadu2,200
DU School of open learningDelhi3,430
Bharathiar University School of Distance EducationTamil Nadu1,822
Madurai Kamaraj University Directorate of Distance Education (MKU-DDE)Madurai2,500
Acharya Nagarjuna University Center for Distance EducationAndhra Pradesh2,735

Bachelor of Arts Economics: Syllabus and Course Description

A semester- wise breakup of the course’s syllabus is given here.

Bachelor of Arts Economics: Syllabus

Semester I

Semester II

Evolution and definition of EconomicsEconomies of Scale
Nature & Scope of EconomicsDeferent Concepts of Costs Explicit & Implicit
Methods of Economics AnalysisAccounting, Opportunity, Total fixed and Variable Costs
Inductive & Deductive Logic, Merit and Demerits.Marginal & Average Costs & their relationship
Utility Demand, SupplyConcept of Revenue
Commodities and their typesTotal, Marginal & Average Revenue
Value and PriceBreak-Even Point
MarketConcept and Classification
Administered and Non- Administered PricesPerfect Competition Characteristics
Demand- Supply equilibrium.Price and Output Determination for Firm and Industry
Cardinal (Marshal) and Ordinal UtilityMarket Equilibrium
Approaches to DemandCharacteristics and Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)Price Discrimination
Price, Income and Substitution effectsMonopolistic Competition
Derivation of Demand Curve.Characteristics Price- Output Determination
Elasticity of DemandFactor Pricing
Price, Income and Cross elasticityTheory of Marginal Productivity of Distribution
Consumer Surplus and its measurement.Concept of Adding up Theorem
Factors of Production and their CharacteristicsTheories of Wages and Rent: Classical and Modern.
Laws of ProductionInterest: Concept, Classical and Keynesian Theories of Interest
Returns to Factor and Return to ScaleProfit: Net and Gross
Law of Variable ProportionTheories of Profit.
Isoquants Nature and their Characteristics
Producers equilibrium

Semester III

Semester IV

Structure of Indian Economy – Primary, Secondary & Tertiary SectorsThe infrastructure of the Indian Economy
Natural Resources, Land, Water, ForestIrrigation, Power, Transport, Communication
Mineral Resources.Banking and Insurance.
Demographic FeaturesHuman Infrastructure of Indian Economy
Population, Size, Sex, Rural-Urban ClassificationHealth, Nutrition, Education, Knowledge, and Skills
Population DistributionHousing and Sanitation.
Recent National Population Policy.Planning 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
Cropping Pattern.Agro-Climatic Zones
Land Reforms: Green RevolutionDemographic Features of M.P.
Rural CreditAgricultural Situation in Economy
Agricultural MarketingCropping Pattern
MechanizationProduction and Productivity of Main Corps,
Small Scale and Cottage Industries- Meaning, Importance and ProblemsSources of Credit in Agriculture, Irrigation
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles

Semester V

Semester VI

Macro Variables- Stock and FlowPublic Finance and Public Economics
Circular Flow of incomePublic, Private and Merits Goods
Concept of National Income- GDP, GNPMarket and State- Role and Functions
Measurement of National Income and Social Accounting in IndiaPrinciple of Maximum Social Advantage
National Income and Economic WelfareSources of Revenue- Taxes, Loans, Grants, and Aids
Classical Theory of EmploymentCanons of Taxation
Keynesian Theory of EmploymentPrinciples of Public Expenditure
Aggregate Demand and Supply FunctionsPrinciples of Public Debt and Methods of Redaction
Effective DemandWagener’s Law- Increasing Activities
Consumption FunctionEffects of Public Expenditure on Production and Distribution.
Factors Affecting ConsumptionPublic Finance in India
Average and Marginal propensities to consumeConcept and Types of Budget
Simple InvestmentFiscal Deficit
Saving Function & Sources of Saving MobilizationDeficit Financing and Deficit Budget.
Investment FunctionConstitution and Function of Finance Commission
Marginal Efficiency of CapitalRecommendation of Latest Finance Commission
Factors Affecting Capital FormationLatest 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.

Bachelor of Arts Economics: Salary with an Economics Degree

Bachelor of Arts Economics: Salary with an Economics Degree

To give you a better idea about the salaries earned by economics professionals, here is a detailed list of the average calculations as advertised on payscale.com:

  • Actuarial Analyst: €37,466
  • Data Analyst: €29,020
  • Economist: €39,896
  • Financial Risk Analyst: €37,024
  • Forensic Accountant: €43,058
  • Statistician: €35,044
  • Investment Analyst: €38,390
  • Data Scientist: €40,676
  • Quantity Surveyor: €32,490
  • Business Development Manager: €38,318

However, occasionally the salary of an economics professional can exceed the figures mentioned upon, but this tends to depend upon your work experience, obtained skills and area of expertise.

One of the common misconceptions about the economics degree is that it is boring. Economics degree jobs are usually challenging meaning that economists tend to be the game-changers in many industries.

Moreover, the industry is constantly evolving, generating more job opportunities and better work dynamics for future economists. Today, students can also pursue an online economics degree to enter the industry.

To pursue an undergraduate degree in economics, you must:

  • Be at least 18 years of age, with a minimum of 12 years of schooling;
  • Have a school leaving certificate or an equivalent certificate as proof of your academic qualification;
  • Have a minimum IELTS score of 6.0, with at least 5.5 in each component and PTE score of more than 50.

Economists today are changing the way the world works and adding value and quality to the economy’s dynamics. However, to be at the top of your game as an economics graduate, you should have a degree that is recognized all over the world.

More and more industries are now acknowledging the potential of economists and valuing the contribution they can make to a businesses’ growth and development. Recognizing the high demand for economists and their importance in today’s industries, the Berlin School of Business and Innovation (BSBI) is offering an undergraduate degree of BA in Economics and Business Administration.

If you have a knack for numbers and are passionate about the way economy works, this is the career for you. So, hurry and enroll for the course now!

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