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.
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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 | |
LSR (Lady Shri Ram) College for Women
| 3 Years | Entrance Based | INR 15,375 | 4.7 | |
Hindu College, Delhi | 3 Years | Entrance Based | INR 44,370 | 4.4 | |
Miranda House, Delhi | 3 Years | Entrance Based | INR 42,480 | 4.7 | |
Fergusson College, Pune | 3 Years | Class 12 score | INR 8,060 | 4.2 | |
3 Years | Common Entrance Exam | INR 86,529 | 4.6 | ||
Loyola College, Chennai | 3 Years
| Common Entrance Exam | INR 1,44,000 | 4.3 | |
Jesus & Mary College (JMC), Delhi | 3 Years | Common Entrance Exam | INR 46,600 | 4.7 | |
Ramnarain Ruia Autonomous College, Mumbai | 3 Years | Common Entrance Exam | INR 18,750 | 5.0 | |
Daulat Ram College Delhi | 3 years | Entrance Based | INR 44,610/- | 3.9 |
Distance/ Correspondence
Colleges/ universities that offer BA Economics courses through distance/ correspondence mode are as follows:
Colleges | Location |
Haldwani | |
Delhi | |
Institute of Distance and Open Learning - University of Mumbai | Mumbai |
Chennai | |
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 |