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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.
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
- Top Institutes offering this course
- B.A. Economics: Course Highlights
- Top Colleges for Bachelor of Arts [BA] (Economics)
- B.A. Economics: What is it about?
- B.A. Economics: Top Institutes
- Eligibility for B.A. Economics
- B.A. Economics: Admission Process
- B.A. Economics Distance Learning Top Institutes
- B.A. Economics: Syllabus and Course Description
- Salary with an Economics Degree
- Things you must do to pursue an undergraduate degree in Economics
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 Level | Graduate |
| Duration | 3 Years |
| Examination Type | Semester/ Annual system |
| Eligibility | 10+2 or equivalent exam from a recognized Board |
| Admission Process | Entrance exam or direct admission |
| Course Fee | INR 2.5 to 3 Lacs |
| Average Starting Salary | INR 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 Name | City | Average Fees IN INR |
| Jai Hind College | Mumbai | 4,520 |
| AIMS Institute | Bangalore | 1.9 Lacs |
| Shri Shikshayatan College | Kolkata | 88,000 |
| Christ University | Bangalore | 1,00,000 |
| St. Xavier’s College | Ahmedabad | 1,820 |
| Jadavpur University | Kolkata | 2,750 |
| Loyola College | Chennai | 4,610 |
| Symbiosis College of Arts and Commerce | Pune | 17,400 |
| IP College for Women | Delhi | 24,600 |
| Sacred Heart College | Kerela | 4,000 |
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 Institute | Location | Average Fee (in INR) |
| Jamia Millia Islamia | Delhi | 7,000 |
| Jamia Hamdard | Delhi | 9,300 |
| Jawaharlal Nehru University | Delhi | 366 |
| Nalanda Open University | Patna | 2,400 |
| Annamalai University | Tamil Nadu | 2,200 |
| DU School of open learning | Delhi | 3,430 |
| Bharathiar University School of Distance Education | Tamil Nadu | 1,822 |
| Madurai Kamaraj University Directorate of Distance Education (MKU-DDE) | Madurai | 2,500 |
| Acharya Nagarjuna University Center for Distance Education | Andhra Pradesh | 2,735 |
Bachelor of Arts Economics: Syllabus and Course Description
A semester- wise breakup of the course’s syllabus is given here.
Semester I |
Semester II |
| Evolution and definition of Economics | Economies of Scale |
| Nature & Scope of Economics | Deferent 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 | 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 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. |
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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CSN Team.
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Tags: B.A. Economics: Course Highlights, Bachelor of Arts Economics, Bachelor of Arts Economics - Syllabus, Eligibility & Colleges Update, Eligibility for B.A. Economics, Salary with an Economics Degree, Top Colleges for Bachelor of Arts [BA] (Economics)