BA Economics: Syllabus, Subjects, Scope, Jobs, Salary

Nupur yadav

BA Economics is a three-year undergraduate course where students learn about finance, econometrics, micro and macroeconomics, statistics and insights into various economics models on the consumers and producers, along with the models on the domestic and international events of economic importance. Students often consider doing MA in economics after the completion of BA economics honours for a thorough and deep understanding of the discipline. Bachelor of Arts in economics is the full form of BA in Economics.

BA Economics eligibility criteria require students to complete class 12th board exams from a recognised board with a minimum of 50% overall marks or an equivalent CGPA. Admission to BA in Economics courses is merit-based and entrance-exam based. Some of the entrance exams for BA Economics are DUET, BHU UET, and Jamia Millia Islamia University entrance exam. Delhi University will administer BA Economics Admission in 2022 based on applicants' results in the CUET entrance exams and 10+2 examinations.

The top Colleges for BA Economics are St. Stephen's College, LSR (Lady Shri Ram) College for Women, Hindu College, and Shri Ram College of Commerce (SRCC Delhi)  which are all majorly part of Delhi University.

When taking a degree in BA Economics honours, students are required to take a number of challenging subjects.  BA Economics subjects include Introductory Microeconomics, Mathematical Methods for Economics, Ability Enhancement Compulsory Course, Generic Elective, Introductory Macroeconomics, Mathematical Methods for Economics, Ability Enhancement Compulsory Course, Intermediate Microeconomics, Statistical Methods for Economics and skill enhancement courses.

The average salary for BA Economics graduates is around INR 4 LPA.

Check also: Best Courses after 12th Commerce 2022

Related Articles: 

What is BA Economics?

Economics BA or economics honours is a premium course for high scorers in class 12th commerce and art students in class 12. Central, State Universities offer the best courses for students opting for economics graduation, now even some private colleges have also come up with courses and pedagogy of high quality and standards. Just like  Bcom Hons, Ba Economics is of usually 3 years duration.

BA Economics Course Details 

Course Name

BA Economics

BA Economics

Bachelor of Arts economics

Course Level

Undergraduate

BA Economics Course Duration

Full Time  – 3 Years

Part Time – 3 Years

Online –3 Years

Distance – 3- 6 Years

BA economicsEligibility

Candidate must have passed 12th (Any Stream) with mathematics

BA EconomicsSelection Procedure

Merit-Based and Entrance Based

BA economics Course Fees

INR 25000 – 5,00,000

BA economics Employment sectors 

Analysis/Forecasting Firms, Stock Exchanges, Manufacturing Firms, Agricultural Companies, Financial Information Firms, Banks/Credit Unions, International Trade Companies etc.

BA economics Placement Opportunities

INR 3-6 LPA

BA  economics Average Salary

INR 1,50,000 – INR 4,35,000

BA economics Entrance Exam Accepted

DUET, IPU CET, NPAT, BHU UET, etc

Top BA economics Colleges

SRCC, Hindu College, Loyola College, Hansraj College

BA economics Scholarships

Sarla Devi Scholarship, Azim Premji Scholarship, ICAI Commerce Wizard

Scope of BA economics

Sales Analyst, Economics Researcher, Economist, Customer Profit Analyst, Investment Analyst, Investment Administrator, etc

BA Economics Jobs

Here is a list of some of the job profiles that BA Economics graduates can opt after graduation:

Investment Analyst

Financial Service Manager

Fixed Income Portfolio Manager

Investment Administrator

Securities Analyst Trainee

Foreign Trade Analyst

Economist

Cost Estimator

Market Research Analyst

Sales Analyst

Customer Profit Analyst

other jobs that arts graduate get

Check also: Highest Salary Courses After 12th Science

Types of Economists

Public sector economists, private sector economists, and academic economists are the three main types of economists. Even while the tasks and responsibilities of economists fall into similar categories, there are some significant and obvious differences that might help you choose which type of economist you should be. 

Public Sector Economists

Public sector economists have a wide range of duties, but most frequently they evaluate budgets, appraise policies, and gather and analyse data to aid in the formulation of public policy by lobbyists and elected officials. Economists hold positions in the local, state, and federal governments as well as other levels of the public sector.

Academic Economists

Economists with academic careers tend to concentrate on teaching and research. Although this ratio can change in either direction based on the school, the amount of years of experience, and sometimes the professor's own interests and preferences, a professor's time may be equally divided between teaching classes and conducting research. Be aware that most jobs at four-year institutions and universities call for a Ph.D.

Private Sector Economists

Economists in the private sector hold a variety of positions in institutions including banks, investment organisations, and privately held businesses like Facebook and Amazon. To provide a company with a competitive edge, private sector economists may be requested to assess recent economic trends and predict emerging ones. Private sector economists may also examine potential legislative or regulatory law impacts on an organization's market share and financial performance.

BA Economics Hons Eligibility

Candidates must have completed class 12 (any stream) with a minimum of 50% marks. Most universities/colleges ask for mathematics as a mandatory subject in Classes 11 and 12 for admission. Education institutions also ask for an entrance test for admissions. Please visit the websites for more detailed information.

For postgraduation: Students must possess a graduation from a recognised university.

BA in Economics Admission Process

College Application Process “Step by Step Guide”

Step 1- Know your application starting date and Deadlines

Step 2- Go to the official college website and fill out the application form

Step 3- Sign up for the Entrance Exams

Step 4- Double check and submit your applications

Step 5- Repeat the same process and apply for other colleges offering BA Economics

 Course.

BA in Economics Entrance Exams

Here is a list of the various entrance exams for BA economics course.

Name of Exam

Application Period

Exam Date

NPAT

December 23, 2021 to June 20, 2022

April 1, 2022 to June 26, 2022

BHU UET

February, 2022

May, 2022

PUCET

May 19, 2022, to June 18, 2022

July 3, 2022

TISS BAT

May 27, 2022 to May 31, 2022

July, 2022

IPU CET

March 4, 2022 to May 31, 2022

June 18, 2022 to June 19 (UG and B.Ed)

June 23, 2022 to June 25, 2022 (PG and Ph.D.)

JNUEE

May 19, 2022 to June 18, 2022

To be Announced

Types of BA Economics Courses

BA economics honors course is of 3 types – Online, Distance education, Full-Time

Type 

Admission

Fees

Beneficial For

BA ECONOMICS Full time

Merit Based

INR 25,000+

Students

BA ECONOMICS Distance Education

Merit Based/Entrance Based

INR 25,000+

Working

Course Structure for BA Economics (Hons.) 

The BA (Hons.) Economics provides an advanced impression in Economics. It gives insights into the economic behaviour and functioning of the different elements of the economy such as consumers, firms, and government. With the help choices provided as electives students can customise their course and opt for subjects from different disciplines such as commerce, sociology, English, and many other fields. (It will differ from college to college). The program is consistent with global standards in the Economics discipline. 

BA Economics Syllabus

Here is a table for a quick glance at the subjects and syllabus for BA Economics course.

Introductory Microeconomics

Mathematical Methods for Economics

Ability Enhancement Compulsory Course

Generic Elective

Introductory Macroeconomics

Mathematical Methods for Economics

Ability Enhancement Compulsory Course

Intermediate Microeconomics

Statistical Methods for Economics

Skill Enhancement Course

Intermediate Microeconomics & Macroeconomics

Introductory Econometrics

Skill Enhancement Course 

Indian Economy

Development Economics

Discipline-Specific Elective

Indian Economy

Development Economics

BA Economics Subjects (Semester wise)

Semester 1

Semester 2

Evolution and definition of Economics

Economies 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

-

Semester III

Semester IV

Structure of Indian Economy - Primary, Secondary & Tertiary Sectors

Infrastructure of 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.

Check out Top BA Economics Colleges in India in the table below (In Your City/ State):

Full-time 

College

Course Duration

Exams Accepted/ Eligibility

Fees

Rating

Reviews

St. Stephen's College

3 Years

Entrance Based

INR 1,13,460

4.0

Read Reviews

LSR (Lady Shri Ram) College for Women

 

3 Years

Entrance Based

INR 15,375

4.7

Read Reviews

Hindu College, Delhi

3 Years

Entrance Based

INR 44,370

4.4

Read Reviews

Miranda House, Delhi

3 Years

Entrance Based

INR 42,480

4.7

Read Reviews

Fergusson College, Pune

3 Years

Class 12 score

INR  8,060

4.2

Read Reviews

Shri Ram College of Commerce (SRCC Delhi)

3 Years

Common Entrance Exam

INR 86,529

4.6

Read Reviews

Loyola College, Chennai

3 Years

 

 

Common Entrance Exam

INR 1,44,000

4.3

Read Reviews

Jesus & Mary College (JMC), Delhi

3 Years

Common Entrance Exam

INR 46,600

4.7

Read Reviews

Ramnarain Ruia Autonomous College, Mumbai

3 Years

Common Entrance Exam

INR 18,750

5.0

Read Reviews

Daulat Ram College Delhi

3 years

Entrance Based

INR 44,610/-

3.9

Read Reviews

Distance/ Correspondence 

Colleges/ universities that offer BA Economics courses through distance/ correspondence mode are as follows:

Colleges

Location

UOU - Uttarakhand Open University

Haldwani

IGNOU - Indira Gandhi National Open University

Delhi

Institute of Distance and Open Learning - University of Mumbai

Mumbai

University of Madras, Institute of Distance Education

Chennai

GITAM University

Visakhapatnam

 Top colleges in BA economics

Check out Top BA Economics Colleges in India in the table below (In Your City/ State).

 Why study BA Economics?

BA Economics graduation is quite a rewarding degree these days. The course offers insights into the economy which links farming and agricultural policies something that is of grave importance to know in the current climate and weather patterns. It also provides details of the behaviour of consumers and producers and why they make decisions the way do. Many big firms such as Fortune 500 companies as well as top government departments have demand and job opportunities for economics graduates and the options with this degree are endless. To know more about the career opportunities, stick with us till the end of the article.

What after BA in Economics

Economics is a very dynamic subject which provides integrated knowledge of economics, mathematics, statistics and the state of the economy. With the support of electives, a student can choose from different core subjects to gain knowledge in the subject matter. One of the greatest benefits to choose economics as graduation is that it is the preferred course for all recruiters in arts streams for college placements. Students who want to make their career in the business, commerce and banking sectors can choose Economics. The nature of the subject is analytical, problem-solving and logical reasoning, students must match these skills for better GPA scores. After completing a bachelor's or a master's level course candidates can become

  • Sales or business Analyst
  • Economist
  • Economics Researcher
  • Investment Analyst
  • Investment Administrator
  • Customer Profit Analyst etc.

After completing graduation students can also work for government departments in the finance ministry or can even opt for the prestigious UPSC IES i.e., Indian economic services.  The course in Economics really offers some great career scope with good perks and salaries.

Students can also opt for a master's in arts with economics such as MA in Economics, MSc in Economics, MBA/PGDM, MCom in Economics, Executive MBA/PGDM, MFSc, MPhil in Economics, FPM

Top Recruiters

BA in Economics students are often subjected to high salary packages from MNC's for jobs as analyst and finance related roles. Below are mentioned a list of top recruiters for BA economics graduates:

Berkshire Hathaway

Allianz

AXA

JP Morgan Chase

ICBC

Bank of America

Wells Fargo

HSBC

Citigroup

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