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Bachelor of Arts [BA] (Economics) - Course Overview

  • STREAM

    ARTS

  • DURATION

    3 YEARS

  • COURSE

    Economics

  • COURSE TYPE

    Graduation

Bachelor of Arts in Economics Top Colleges, Syllabus, Scope and Salary

B.A. in Economics BA or Bachelors of Arts in Economics is a is a 3- year long graduate level course divided into 6 semesters, with each semester spanning 6 months. However, some universities follow the yearly pattern of examination. The course is designed to train pupils in analyzing concepts and processes of the economy by educating them in areas such as definition, nature, scope, concepts, utility, production, market, monopoly etc.

The eligibility criteria and average course fee charged in India for the course vary from institute to institute. The average course fee ranges between INR 25,000 and 3 lacs. A 10+2 qualification from a recognized educational Board with a minimum aggregate score of 45% is the minimum eligibility needed for admission to the course.

Bachelor of Arts in Uttar PradeshBachelor of Arts in MaharashtraBachelor of Arts in KarnatakaBachelor of Arts in West Bengal

Upon successful completion of the course, graduates can expect an average starting salary ranging between INR 2.5 and 5 lacs annually, depending upon the organization and the candidate’s skillsets.

B.A. in Economics: Course Highlights

Listed below are some of the major highlights of the course.

Course LevelGraduate
Duration3 Years
Examination TypeSemester/ Annual system
Eligibility10+2 or equivalent exam from a recognized Board
Admission ProcessEntrance exam or direct admission
Course FeeINR 2.5 to 3 Lacs
Average Starting SalaryINR 2.5 to 5 Lacs

 

B.A. in Economics: What is it About?

B.A. in Economics is a 3- year long course generally comprising qualitative and quantitative approaches to Social Science. The course essentially involves a study of the main aspects related to improving an organization’s overall profitability through different approaches and techniques

The principle subjects covered in the curriculum are Microeconomics, Macroeconomics, Political Economics, etc.

Top Institutes Offering B.A. in Economics

The country’s main universities, namely University of Delhi, Jawaharlal Nehru University, Mumbai University, and Calcutta University offer the course.

Listed below are some of the top institutes offering the course in the country along with the respective locations and fees charged by each.

COLLEGE NAMECITYAVERAGE FEES IN INR
Sacred Heart CollegeKochiINR 14,520
AIMS InstituteBangaloreINR 1.9 Lacs
Shri Shikshayatan CollegeKolkataINR 88,000
Christ UniversityBangaloreINR 1,00,000

 

Eligibility for B.A. in Economics

The minimum criterion of eligibility needed to be met for admission to the course is a 10+2 or equivalent qualification from a recognized institute/ university with a minimum aggregate score of 50. Candidates awaiting their final examinations’ results are also eligible to apply on provisional basis.

Bachelor of Arts in Tamil NaduBachelor of Arts in KeralaBachelor of Arts in AssamBachelor of Arts in Madhya Pradesh

B.A. in Economics: Admission Process

The general procedure for admission to the course is merit- based, i.e. on the basis of the merit obtained by the candidate at the 10+2 level. A few institutes also conduct entrance exams for admission to the course. Thereafter, rounds of personal interview may follow.

 

B.A. in Economics: Syllabus and Course Description

A semester- wise breakup of the course’s syllabus is given here.

Semester I

Evolution and definition of Economics
Nature & Scope of Economics
Methods of Economics Analysis
Inductive & Deductive Logic, Merit and Demerits.
Utility Demand, Supply
Commodities and their types
Value and Price
Market
Administered and Non- Administered Prices
Demand- Supply equilibrium.
Cardinal (Marshal) and Ordinal Utility
Approaches to Demand
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)
Price, Income and Substitution effects
Derivation of Demand Curve.
Elasticity of Demand
Price, Income and Cross elasticity
Consumer Surplus and its measurement.
Factors of Production and their Characteristics
Laws of Production
Returns to Factor and Return to Scale
Law of Variable Proportion
Isoquants Nature and their Characteristics
Producers equilibrium

Semester II

Economies of Scale
Deferent Concepts of Costs Explicit & Implicit
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 and Output Determination for Firm and Industry
Market Equilibrium
Characteristics and Price- Output Determination
Price Discrimination
Monopolistic Competition
Characteristics Price- Output Determination
Factor Pricing
Theory of Marginal Productivity of Distribution
Concept of Adding up Theorem
Theories of Wages and Rent: Classical and Modern.
Interest: Concept, Classical and Keynesian Theories of Interest
Profit: Net and Gross
Theories of Profit.

Semester III

Structure of Indian Economy - Primary, Secondary & Tertiary Sectors
Natural Resources, Land, Water, Forest
Mineral Resources.
Demographic Features
Population, Size, Sex, Rural- Urban Classification
Population Distribution
Recent National Population Policy.
Agriculture: Nature and Importance
Land Use Pattern
Trends in Agriculture Production and Productivity
Cropping Pattern.
Land Reforms: Green Revolution
Rural Credit
Agricultural Marketing
Mechanization
Small Scale and Cottage Industries- Meaning, Importance and Problems
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles

Semester IV

Infrastructure of Indian Economy
Irrigation, Power, Transport, Communication
Banking and Insurance.
Human Infrastructure of Indian Economy
Health, Nutrition, Education, Knowledge and Skills
Housing and Sanitation.
Planning in India- Objectives, Types, Strategy
Analysis of Current Five- Year Plan.
Economy- Land, land Utilization Pattern
Natural Resources- Forest, Water & Mineral
Agro-Climatic Zones
Demographic Features of M.P.
Agricultural Situation in Economy
Cropping Pattern
Production and Productivity of Main Corps,
Sources of Credit in Agriculture, Irrigation

Semester V

Macro Variables- Stock and Flow
Circular Flow of income
Concept of National Income- GDP, GNP
Measurement of National Income and Social Accounting in India
National Income and Economic Welfare
Classical Theory of Employment
Keynesian Theory of Employment
Aggregate Demand and Supply Functions
Effective Demand
Consumption Function
Factors Affecting Consumption
Average and Marginal propensities to consume
Simple Investment
Saving Function & Sources of Saving Mobilization
Investment Function
Marginal Efficiency of Capital
Factors Affecting Capital Formation
Concept of Accelerator.

Semester VI

Public Finance and Public Economics
Public, Private and Merits Goods
Market and State- Role and Functions
Principle of Maximum Social Advantage
Sources of Revenue- Taxes, Loans, Grants and Aids
Canons of Taxation
Principles of Public Expenditure
Principles of Public Debt and Methods of Redaction
Wagener’s Law- Increasing Activities
Effects of Public Expenditure on Production and Distribution.
Public Finance in India
Concept and Types of Budget
Fiscal Deficit
Deficit Financing and Deficit Budget.
Constitution and Function of Finance Commission
Recommendation of Latest Finance Commission
Latest Budget
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.
Functions of Commercial Bank
Defects of Money Market in India
Role of Private Banking in India.
Human Development Index
Theories of Development and Growth
Theories of Development
Classical Schumpeter, Rostow, Gunnar Mrydel, Harshman.
Growth Models Harrod Domer, Mahalonabis
Balanced Vs Unbalanced Growth
Concepts of Regional Development.
Quartile Deviation.
Karl Prearson’s Co-efficient of Correlation
Spearman’s Rank Correlation
Association of Attributes.
Poverty and Unemployment in India.
Sectoral Development
Industry and Import Export Role
Importance of Industrialization
Organized- Large and Small & Internal Domestic Industries
Import Substitution and export
Economic Reforms in India
Privatization, Liberalization and Globalization

B.A in Economics: Career Prospects

Some of the popular avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.

Bachelor of Arts [B.A.] in Economics
JOB POSITIONJOB DESCRIPTIONAVERAGE ANNUAL SALARY IN INR
Investment AnalystInvestment Analysts provide an insight on economic trends and evaluate investment potential.4 to 5 lacs
Sales AnalystSales Analysts compile data from employees and store reports, evaluate and analyze data over time and forecast potential trends.2.5 to 5 lacs