BACHELOR OF ARTS [BA] (ECONOMICS)

 

 

Eligibility Criteria for BA in Economics

 

Students who wish to pursue BA in Economics courses must meet the following eligibility requirements in order to be admitted to colleges that offer BA in Economics courses.

• Students must pass the class 12th board exams with a minimum of 50% aggregate marks or an equivalent CGPA.

• They must pass their 12th grade board exams from a recognised board.

 

 

Admission Process for BA in Economics

 

Admissions to the BA in Economics are made on the basis of both merit and entrance exams. The questions on the entrance exam are generally MCQ-based, but there may be subjective questions as well, depending on the syllabus and the college entrance exam pattern.

 

 

Course Highlights for BA in Economics

 

Degree	Bachelors
Full-Form	Bachelor of Arts in Economics
Duration	3 Years.
Age	No Age Limit
Minimum Percentage	45 to 50% minimum aggregate
Subjects Required	English
Average Fees Incurred	INR 5000 - 1 L per annum
Similar Options of Study	B.Sc (Economics), BA (Sociology), BA (Political Science)
Average Salary Offered	INR 5.48 L per annum
Employment Roles	HR Manager, Executive Assistant, Administrative Assistant, Data Analyst, Financial Analyst, Marketing Associate, Senior Business Analyst, Assistant Marketing Manager, Senior Marketing Manager, etc.
Placement Opportunities	Accenture, Capgemini, Intelenet Global Services, Dell Inc, HDFC Bank Pvt Ltd, Genpact, Infosys BPO, HCL Technologies Ltd, Wipro Technologies Ltd, BMR Advisors, UnitedHealth Group, Zocdoc Inc, etc.

 

 

Syllabus and Course Description

 

Semester I	Semester II
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 (Hicks & 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 & 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.

 

 

Top Colleges in India for BA in Economics 

 

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	Kerala	4,000

 

 

Distance Learning Top Colleges in BA Economics

 

For candidates who desire to obtain this degree when employed, distance education or correspondence courses are planned.

 

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

 

 

Career Scope After BA Economics

 

Career Opportunities

 

• Financial analyst

• Consultant

• Cost analyst

• Operations Coordinator

• Forecaster

• Research analyst

• Regulatory affairs analyst

• Customer Profit Analyst

• Investment Administrator

• Securities Analyst Trainee

 

Employment Areas

 

• Agricultural Companies

• Economic Research Institutions

• Analysis/Forecasting Firms

• Stock Exchanges

• Financial Information Firms

• Banks/Credit Unions

• International Trade Companies