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 Pradesh | Bachelor of Arts in Maharashtra | Bachelor of Arts in Karnataka | Bachelor 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 Level | Graduate |
| Duration | 3 Years |
| Examination Type | Semester/ Annual system |
| Eligibility | 10+2 or equivalent exam from a recognized Board |
| Admission Process | Entrance exam or direct admission |
| Course Fee | INR 2.5 to 3 Lacs |
| Average Starting Salary | INR 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 NAME | CITY | AVERAGE FEES IN INR |
| Sacred Heart College | Kochi | INR 14,520 |
| AIMS Institute | Bangalore | INR 1.9 Lacs |
| Shri Shikshayatan College | Kolkata | INR 88,000 |
| Christ University | Bangalore | INR 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 Nadu | Bachelor of Arts in Kerala | Bachelor of Arts in Assam | Bachelor 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](https://static-collegedunia.com/public/image/Bachelor of Arts [B_A_] in Economics.png)
| JOB POSITION | JOB DESCRIPTION | AVERAGE ANNUAL SALARY IN INR |
| Investment Analyst | Investment Analysts provide an insight on economic trends and evaluate investment potential. | 4 to 5 lacs |
| Sales Analyst | Sales Analysts compile data from employees and store reports, evaluate and analyze data over time and forecast potential trends. | 2.5 to 5 lacs |
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