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

  • STREAM

    ARTS

  • DURATION

    3 YEARS

  • COURSE

    Economics

  • COURSE TYPE

    Graduation

Updated On - March 13th 2018

Bachelor of Arts (BA) Economics Top Colleges, Syllabus, Scope and Salary

B.A. 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.

Top Institutes offering this course are:

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

B.A. Economics: Top Institutes 

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
Jai Hind CollegeMumbai4,520
AIMS InstituteBangalore1.9 Lacs
Shri Shikshayatan CollegeKolkata88,000
Christ UniversityBangalore1,00,000
St. Xavier’s CollegeAhmedabad1,820
Jadavpur UniversityKolkata2,750
Loyola CollegeChennai4,610
Symbiosis College of Arts and CommercePune17,400
IP College for WomenDelhi24,600
Sacred Heart CollegeKerela4,000

Eligibility for B.A. 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. 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 a personal interview may follow.

B.A. Economics Distance Learning Top Institutes

Distance Education or correspondence course are meant for candidates that wish to pursue this degree while working. The degree awarded and duration of the course is same as the regular course. The duration might be more in some institutes/universities. 

Top Institutes offering this course as distance mode of learning are:

Name of the InstituteLocationAverage Fee (in INR)
Jamia Millia IslamiaDelhi7,000
Jamia HamdardDelhi9,300
Jawaharlal Nehru UniversityDelhi366
Nalanda Open UniversityPatna2,400
Annamalai UniversityTamil Nadu2,200
DU school of open learningDelhi3,430
Bharathiar University School of Distance EducationTamil Nadu1,822
Madurai Kamaraj University Directorate of Distance Education (MKU-DDE)Madurai2,500
Acharya Nagarjuna University Center for Distance EducationAndhra Pradesh2,735

B.A. Economics: Syllabus and Course Description

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

Semester I

Semester II

Evolution and definition of EconomicsEconomies of Scale
Nature & Scope of EconomicsDeferent Concepts of Costs Explicit & Implicit
Methods of Economics AnalysisAccounting, Opportunity, Total fixed and Variable Costs
Inductive & Deductive Logic, Merit and Demerits.Marginal & Average Costs & their relationship
Utility Demand, SupplyConcept of Revenue
Commodities and their typesTotal, Marginal & Average Revenue
Value and PriceBreak Even Point
MarketConcept and Classification
Administered and Non- Administered PricesPerfect Competition Characteristics
Demand- Supply equilibrium.Price and Output Determination for Firm and Industry
Cardinal (Marshal) and Ordinal UtilityMarket Equilibrium
Approaches to DemandCharacteristics and Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)Price Discrimination
Price, Income and Substitution effectsMonopolistic Competition
Derivation of Demand Curve.Characteristics Price- Output Determination
Elasticity of DemandFactor Pricing
Price, Income and Cross elasticityTheory of Marginal Productivity of Distribution
Consumer Surplus and its measurement.Concept of Adding up Theorem
Factors of Production and their CharacteristicsTheories of Wages and Rent: Classical and Modern.
Laws of ProductionInterest: Concept, Classical and Keynesian Theories of Interest
Returns to Factor and Return to ScaleProfit: Net and Gross
Law of Variable ProportionTheories of Profit.
Isoquants Nature and their Characteristics-
Producers equilibrium-

Semester III

Semester IV

Structure of Indian Economy - Primary, Secondary & Tertiary SectorsInfrastructure of Indian Economy
Natural Resources, Land, Water, ForestIrrigation, Power, Transport, Communication
Mineral Resources.Banking and Insurance.
Demographic FeaturesHuman Infrastructure of Indian Economy
Population, Size, Sex, Rural-Urban ClassificationHealth, Nutrition, Education, Knowledge and Skills
Population DistributionHousing and Sanitation.
Recent National Population Policy.Planning in India- Objectives, Types, Strategy
Agriculture: Nature and ImportanceAnalysis of Current Five- Year Plan.
Land Use PatternEconomy- Land, land Utilization Pattern
Trends in Agriculture Production and ProductivityNatural Resources- Forest, Water & Mineral
Cropping Pattern.Agro-Climatic Zones
Land Reforms: Green RevolutionDemographic Features of M.P.
Rural CreditAgricultural Situation in Economy
Agricultural MarketingCropping Pattern
MechanizationProduction and Productivity of Main Corps,
Small Scale and Cottage Industries- Meaning, Importance and ProblemsSources of Credit in Agriculture, Irrigation
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles-

Semester V

Semester VI

Macro Variables- Stock and FlowPublic Finance and Public Economics
Circular Flow of incomePublic, Private and Merits Goods
Concept of National Income- GDP, GNPMarket and State- Role and Functions
Measurement of National Income and Social Accounting in IndiaPrinciple of Maximum Social Advantage
National Income and Economic WelfareSources of Revenue- Taxes, Loans, Grants and Aids
Classical Theory of EmploymentCanons of Taxation
Keynesian Theory of EmploymentPrinciples of Public Expenditure
Aggregate Demand and Supply FunctionsPrinciples of Public Debt and Methods of Redaction
Effective DemandWagener’s Law- Increasing Activities
Consumption FunctionEffects of Public Expenditure on Production and Distribution.
Factors Affecting ConsumptionPublic Finance in India
Average and Marginal propensities to consumeConcept and Types of Budget
Simple InvestmentFiscal Deficit
Saving Function & Sources of Saving MobilizationDeficit Financing and Deficit Budget.
Investment FunctionConstitution and Function of Finance Commission
Marginal Efficiency of CapitalRecommendation of Latest Finance Commission
Factors Affecting Capital FormationLatest Budget
Concept of Accelerator.The stock of Money and its Measures

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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.

B.A. 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

Check B.A. Economics Career Options and Jobs

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