B.A. Economics or Bachelor of Arts in Economics is an undergraduate course which trains a student to be able to analyze the process of economy. The course not only focuses on the contemporary issues that an economy faces but also traces the historical contexts in shaping of the economy. The students are made familiar about the economic situations prevalent in the present day India as well as foreign trade policies which affect the economy of our country.
The basic eligibility for admission to this course is a pass in 10+2 examination from any recognized board of education. It’s a 3 year course. The average tuition fee for the course falls in the range of 30,000 INR to 1 Lakh INR for three years.
After completion of the course, students are generally employed in finance and banking sectors. They can find work as economist, researcher, sales representative etc. The average entry level salary is between 10,000 INR to 20,000 INR.
The course is about the study of various concepts related to economy. These concepts cover wide areas of research and analysis which include microeconomics, macroeconomics, development economics, contemporary issues and policies related to economics, Indian economy since independence and health economics.
The course provides a theoretical base along with practical application of the core ideas related to microeconomics, macroeconomics, financial economics and mathematics and statistics used in the areas of economics so that the students are able to apply these concepts in the practical world of economy.
This course is unique as it provides the benefit of either pursuing a master degree in economics and pursue research thereafter or has benefits in the career prospects because one can easily find a job after this course.
Any candidate who has taken mathematics as one of the subjects during their class XII examination and have a keen interest in the subject of economics can pursue this course. This course not only proves beneficial in the career searching process but also helps students gain knowledge and skills to understand the economy of a country and analyze them to suit their purpose.
The course also has a historical contextual perspective in shaping the minds of the students as the students are taught during the course about the economic development of the country before and after independence. The contextualizing of economy in the broader historical framework helps the students understand the aspects related to growth of economy and how the international policies affected this growth during and after the colonial control.
The course is a standard undergraduate course with three year which is usually either divided in semester system consisting of six semesters or annually. The course is a comprehensive discipline which helps the student to gain all the necessary skills and techniques over the span of three years to successfully enter the world of economics where they can easily not only understand but also analyze the situations and work accordingly.
Aftre the course, students willing to pursue higher education can always opt for an MA in Economics which is available at all major universities in India such as University of Delhi, Mumbai University and Jawaharlal Nehru University. Other options include MBA in Finance available at most B-Schools in India.
There are many top-notch Colleges which offer Bachelor degree programs in Economics. Some of these colleges are:
Name of Institute
Lady Shri Ram College for Women
St. Stephens College
KJ Somaiya College of Arts and Commerce
Madras Christian College
Jai Hind College
St. Xavier’s College
Modern College of Arts Science and Commerce
Sophia College for Women
The minimum eligibility criteria for admission to this course are 50%-60% aggregate marks in 10+2 examination with Mathematics as one of the subjects. Usually, the universities require only the best 4 subject marks to be included in the 50%-60% criteria, but mathematics must be one of those subjects.
The admission process usually begins in the month of June-July. The candidates seeking admission are required to fill the admission forms of the desired university/colleges which are available online as well as offline. The candidates who suffice the criterion set by the college/university are then required to enroll themselves in the course by submitting the admission fees and the relevant documents which include score cards of class X and class XII and other certificates indicating their academic achievements be it co-curricular or extra-curricular.
The selection procedure which is usually followed by universities and colleges on an undergraduate level is based on merit. The college/university issue a merit list which evaluates a candidate’s aptitude based on the marks obtained in class XII, the admission process then follows accordingly.
The colleges usually issue two-three cut off lists depending on the no. of seats available after the first cut off list is issued. The admission committees of the colleges and universities already announce the dates and time of admission process and students who meet the requirements in the cut off percentage, must confirm their admission on the dates assigned.
There are a number of universities like Delhi University and Panjab University which offer the BA Economics course through distance education. These universities and colleges select the candidates on the merit basis. The degree awarded and the duration of course is same as that of the regular courses. Some of the other colleges/universities who offer distance mode courses are Netaji Subhash Open University, Tamil Nadu Open University etc.