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 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.
Listed below are some of the major highlights of the course.
|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 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.
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|
|Jai Hind College||Mumbai||4,520|
|AIMS Institute||Bangalore||1.9 Lacs|
|Shri Shikshayatan College||Kolkata||88,000|
|St. Xavier’s College||Ahmedabad||1,820|
|Symbiosis College of Arts and Commerce||Pune||17,400|
|IP College for Women||Delhi||24,600|
|Sacred Heart College||Kerela||4,000|
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|
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.
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 Institute||Location||Average Fee (in INR)|
|Jamia Millia Islamia||Delhi||7,000|
|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|
A semester- wise breakup of the course’s syllabus is given here.
|Evolution and definition of Economics||Economies of Scale|
|Nature & Scope of Economics||Deferent 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 (Hichs & 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||-|
|Structure of Indian Economy - Primary, Secondary & Tertiary Sectors||Infrastructure of 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||-|
|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 and 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.|
Some of the popular avenues open to such graduates are listed below with the corresponding salaries offered for the respective positions.
|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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