BA in Economics: Course Details & Career Scope,Feb 13, 2025
Online BA
Feb 13, 2025
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The BA in Economics concentrates on economic theories, econometrics, applied economics, and many more. A student can pursue BA studies in Economics after passing the 12th class board examination. Economics BA courses are in great demand in all colleges and institutes nationwide. Economics deals with large data; hence the need for statistics is very much implied in the curriculum.
Over the last decade, this course has reputedly become a lot more popular with some opportunities being offered. The entry-level packages for BA Economics graduates range between INR 4 to 7 LPA.
Course Highlights
Particulars
Highlights
Course Level
Undergraduate
Course Duration
3 years
Course Eligibility Criteria
10+2 pass from a recognized board.
Examinations Type
Semester-Wise
Average Course Fees
INR 20,000 to INR 1,50,000 per annum
Job Profiles
Economic Consultant, Investment Analyst, Actuarial Analyst, Auditor, And Economic Writer
Average Salary Package
INR 2 to 15 LPA
Top Recruiters
KPMG, The Economist, World Bank, IMF, CRISIL, etc.
Why BA in Economics?
The following are some notable points that might help you choose to study BA in Economics:
Career Prospects: The Economics degree can take you into different industries and areas. It allows economists to work in diverse fields like business, government, academic, and private industrial areas.
Strong Fundamental Knowledge: Due to immense flexibility and vast subjects covered under economics, it somehow forms the basis of many highly reputable careers.
Challenges: Economics puts intellectual challenges in your coursework and makes use of critical thinking skills. Several challenges will expose you to the understanding of global economics and how it relates to several aspects of business throughout the course.
Eligibility Criteria
The following will qualify students to apply for the BA in Economics program:
The candidates should have passed an examination or graduated from a recognized board with a class XII certificate and have secured a minimum of 50 percent marks.
Special consideration is also given to students of science and commerce, although the primary applicants are those from class XII arts.
Accounting, Opportunity, Total Fixed and Variable Costs
Marginal & Average Costs & their relationship
Concept of Revenue
Total, Marginal & Average Revenue
Break Even Point
Concept and Classification
Perfect Competition Characteristics
Price Discrimination
Monopolistic Competition
Theory of Marginal Productivity of Distribution
Semester 3
Natural Resources, Land, Water, Forest
Mineral Resources
Demographic Features
Population, Size, Sex, Rural-Urban Classification
Recent National Population Policy
Agriculture: Nature and Importance
Trends in Agriculture Production and Productivity
Land Reforms: Green Revolution
Agricultural Marketing
Semester 4
Infrastructure of Indian Economy
Irrigation, Power, Transport, Communication
Banking and Insurance
Health, Nutrition, Education, Knowledge and Skills
Human Infrastructure of the Indian Economy
Planning in India- Objectives, Types, Strategy
Analysis of the Current Five-Year Plan
Natural Resources- Forest, Water & Mineral
Economy- Land, land Utilization Pattern
Agro-Climatic Zones
Sources of Credit in Agriculture, Irrigation
Agricultural Situation in the Economy
Semester 5
Macro Variables- Stock and Flow
Circular Flow of income
Concept of National Income- GDP, GNP
National Income and Economic Welfare
Classical Theory of Employment
Aggregate Demand and Supply Functions
Average and Marginal propensities to consume
Saving Function & Sources of Saving Mobilization
Marginal Efficiency of Capital
Factors Affecting Capital Formation
Concept of Accelerator
Semester 6
Public Finance and Public Economics
Public, Private and Merits Goods
Market and State- Role and Functions
Principle of Maximum Social Advantage
Principles of Public Expenditure
Public Finance in India
Constitution and Function of Finance Commission
Recommendation of Latest Finance Commission
The Stock of Money and its Measures
Inflation, Deflation, and Recession
Demand-pull and Cost-Push Inflation
Objectives and Limitations of Monetary Policy
Course Career Options
The BA economics students can find jobs in both the sector of Government and Private. The salary range, on average, starts from INR 2 to 5 lakh per annum for an undergraduate in economics.
What attracts one most to studying BA in economics is the job opportunities it offers. Some job titles available to the students after completing the course are provided below for reference.
Job Profiles
Average Salary Ranges
Investment Banker
INR 11 LPA
Financial Analyst
INR 5 LPA
Stock Broker
INR 3 LPA
Auditor
INR 6 LPA
Investment Analyst
INR 2.5 LPA
Economic Writer
INR 6.5 LPA
Actuarial Analyst
INR 9.4 LPA
FAQs
Is a BA in economics very useful?
An economics degree provides a solid basis for any financial career. The common career path is toward data analysis, either as an actuary or investment analyst. For those wanting to go forward in this world, one should pursue further studies.
Do economists make decent money?
The Bureau of Labor Statistics trusts the national average annual salary of individuals working as economists is $132,650-more than twice the average annual salary for all occupations-$51,960. But, the average package for economists varies considerably with geography.
