Bachelor of Science [B.Sc] {Hons.} (Economics) - Course Overview




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    Bachelor of Science [B.Sc] Economics (Hons.) Top Colleges, Syllabus, Scope, and Salary

    Sakshi Gupta Sakshi Gupta
    Content Curator

    B.Sc. Economic Hons. is a three year undergraduate with specialization in Economics and its related aspects. The course is divided into 6 semesters over a period of three years with each year comprising of two semesters.

    Some of the popular institutes/universities that offer the course in India are listed below:

    The average tuition fee charged for the course in Indian colleges/University ranges between INR 10,000 to 3.5 Lacs and depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location

    One can pursue the course after completion of his/her 10+2 or equivalent level education from a recognized state or central board. Candidates who have pursued a diploma or any certification course after class 10th can also make an application for the course provided they fulfill other eligibility criterions.

    Admissions to the course involve Common Entrance Test (CET) based selection method as well as merit-based selection criterion that is the percentage of marks obtained at 10+2 or equivalent level by the candidate. Colleges and Institute that provide admissions through CET mechanism rely on the score of All India Level common entrance exams like BHUEE, NET, JNUEE etc while some of them go for a separate entrance exam of their own (like MUET etc).

    The course provides knowledge of principles and techniques that are used in the domain of economics. It aims at providing a holistic overview of all the aspects related to the subject. Apart from that, the course covers all the major concepts and terminologies as per the global significance.

    Candidates completing the course successfully can expect job offers ranging from INR 12,000 to 15,000 per month. The annual salary in the industry goes beyond this average bracket with enhancement in the skill set and experience of the candidate.

    Top Colleges for Bachelor of Science [B.Sc] {Hons.} (Economics)

    B.Sc. Economic Hons.: Course Highlights

    Course LevelUnder Graduate
    Duration of the Course3 years
    Examination TypeSemester-Wise
    EligibilityMinimum score of 50% (Relaxable for reserved category students) marks at 10+2 or equivalent level.
    Admission ProcessEntrance exam based/Merit-based
    Course FeeBetween INR 10,000 to INR 3.5 Lacs
    Average Starting SalaryINR 12,000 to 15,000
    Top Recruiting CompaniesNTPC, Birla Group, Reliance, Genpact, ICICI bank, Policy Bazaar
    Job PositionsMacro-economic analyst, Economic advisor, Content developer, Credit and Transaction Management associate, Research associate

    B.Sc. Economic Hons.: What is it About?

    Economics is defined as the study of production, distribution, and consumption of goods and services in a respective economy. As a branch of social science, it deals with the associated principles and techniques that are aimed channelizing effective and economical use of available resources so as to provide maximum output.

    The study of economics is crucial in commercial aspects as all the industries and firms that are operating in the market require an economic expert to design their future policies and plans in a manner that are in sync with changing market dynamics.

    B.Sc. Economic Hons. course is aimed at providing the analytical and conceptual understanding of the subject to bachelor’s level students so, that they are able to apply this knowledge practically. The course structure and design are such that the students pursuing the course are taught about all the aspects of the subjects in a gradual and progressive manner.    

    B.Sc. Economic Hons.: Top Institutes offering the course

    B.Sc. Economic Hons. is offered as a course by a good number of colleges across the country to candidates who have passed their 10+2 or equivalent level examination from a recognized state or central board.

    Students can take admission in the course through All India Level Entrance Test conducted by certain exam conducting authorities such as JNU, BHU, etc as well as separate exams conducted by respective Colleges/Universities (such as MUET) that are offering this course.

    For your reference, we have tabled down a list of various colleges/universities that are offering this course in India.

    InstituteCityAverage Fee (Per annum basis)
    Ananda Mohan CollegeKolkataINR 3,960
    BHUVaranasiINR 1,489
    JNUDelhiINR 360
    Delhi UniversityDelhiINR 5,000
    Bagnan CollegeHowrahINR 1,555
    Barasat Government CollegeKolkataINR 1,702
    Bethune CollegeKolkataINR 1,371
    Bir Bikram Memorial CollegeAgartalaINR 4,000
    Calcutta girls collegeKolkataINR 3,525
    Eternal UniversitySirmaurINR 63,333

    B.Sc. Economic Hons.: Eligibility

    Candidate must have passed the 10+2 or equivalent examination from a recognized state or central board with at least 50% (relaxable for reserved category candidates) marks.

    • He/She shall not be having any Supplementary or Compartment in any of the subject/Subjects at 10+2 or equivalent level that is yet to be cleared at the time of taking admissions.
    • Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
    • In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
    • Institutes offering admissions through Common Entrance Test go for scores of JNUEE, BHUEE etc. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.

    The eligibility criteria’s mentioned above are common to most of the universities and colleges across the country that are offering this course to the students.

    B.Sc. Economic Hons.: Admission Process

    Admissions to the course are done through common entrance test based admission process (as seen across various Universities and colleges in the country) as well as merit-based selection process (as seen in a good number of institutes/colleges). 

    • Majority of the Universities/Colleges conduct a common entrance test for admission into B.Sc. courses (like MUET) or take admissions through commonly held entrance exam like NET. Hence students would have to make an application for such exams.
    • Students have to qualify these exams (for which they should be eligible to appear) in order to get admission in the course.
    • After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for admission process by the respective university or college.
    • After admission process final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.

    Admission process would more or less be same across all the colleges and universities that are offering this course.

    B.Sc. Economic Hons.: Syllabus and Course Description

    B.Sc. Economic Hons. syllabus is divided into 6 semesters spread over a span of three years with End Semester Exams being held after each semester. It is divided into various subjects and practical modules that students are taught during the course of their under graduation. The course covers all the aspects related to Economics so, as to provide a holistic understanding of the subject to the undergraduate students.

    The details regarding the syllabus of the course are mentioned below so, as to provide a reference to the candidates.

    Semester ISemester II
    Introduction to EconomicsTheory of Consumer Behavior 2
    Theory of Consumer Behavior 1Theory of Firm
    Theory of ProductionFactor Pricing
    Cost and RevenueWelfare Economics
    Equations and GraphsDifferential Calculus
    Matrix algebraIndian Public Finance
    System of Equations-
    Semester IIISemester IV
    Planning in IndiaDevelopment Economics
    External SectorConsumption Theory
    Classical Macroeconomics 1Investment
    The Keynesian System 1Trade Cycles
    Introduction to statisticsEconomic policy
    Central TendencyClassical Macroeconomics 2
    Correlation and regression analysisThe Keynesian System 2
    Semester VSemester VI
    Public Finance 1Capital Market in India
    Quantity Theory of MoneyMoney market in India
    Commercial BanksStock Exchange
    Value of money and related changesInternational Economics
    Market failures and ExternalitiesProbability distribution
    Sustainable developmentData analysis and trend forecasting
    Population and EnvironmentPublic Finance 2
    Elementary Probability theory-

    B.Sc. Economic Hons.: Who Should Opt for?

    • Students who have interest in Economics as a subject.
    • Those who have a career in economic planning and management in mind.
    • Those who have a career in Indian Economic Services in mind.
    • Those aiming at higher studies in the domain can opt for the course.

    B.Sc. Economic Hons: Career Prospects

    Undergraduates in Economics have plenty of options to choose from in terms of their career. One can choose to work with firms such as Financial accountancy, Research, and development, Management, Content development etc.

    Related B.Sc. Economic Hons. courses are:

    Read about more Bachelors in Science courses

    To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where Economics undergraduates can look for in terms of their career.

    Bachelor of Science [B.Sc] {Hons.} (Economics) annual salary
    Job ProfileRoleAverage Salary for Fresher’s
    Macroeconomic analystThe job involves macroeconomic parameter analysis so as to provide suitable advice to the firm in regards to their policy and promotional strategies.INR 1.8-2.3 Lacs
    Economic advisorThe job involves market analysis and research on par with economically stipulated standards so as to devise cost-effective policies for the firms.INR 1.9-2.25 Lacs
    Content developerThe job involves the development of subject related content for websites and as study material for students.INR 1.4-1.83 Lacs
    ResearcherA researcher is involved in in-depth analysis and study of the subject so, as to come out with solutions to the problems in the domain.INR 1.72-2.2 Lacs
    TutorThe job of tutor involves teaching the subject to school level students. For growth in the career, one has to go for higher studies.INR 1.92-2.25 Lacs

    Bachelor of Science [B.Sc] {Hons.} (Economics) : 6 Answered QuestionsView All

    • Top Answer By Anisha Lyall on 04-Sep-2020

    Ans. Both the Universities Gokhale Institute of Politics and Economics (GIPE) Pune and Symbiosis School of Economics are among the highly proclaimed institutes of India for Economics.  Given below is a comparison of the Economics course offered by the two institutes.  Particulars Gokhale Institute of Politics and Economics Symbiosis School of Economics Admission The entrance exam, Merit-based selection Entrance based process : SET, WAT, PI Course fee 1.5 lakhs 2.02 lakhs Average package 8-9 LPA 4.96 LPA Top recruiters Axis Bank, Citibank, Garter Deloitte, HDFC Bank, JP Morgan, etc. D.E Shaw Association, IIHS, IHD, IIM, Public Affairs Centers, etc. In terms of faculty, placement, facilities Gokhale Institute of Politics and Economics is better than Symbiosis School of Economics. GIPE also offers internships, capstone project work, placement assistance to help students for further studies or corporate career.Read more

    1 Answer

    • Top Answer By Abanti on 04-Sep-2020

    Ans. Both the Universities Shiv Nadar University(SNU) and Symbiosis School of Economics both the institutes are good options for pursuing Economics courses.  However, in terms of providing research opportunities, Shiv Nadar University is considered to be a better university than the Symbiosis School of Economics. The department of Economics at SNU currently offers a 4-year program on B.Sc.(Research) in Economics and a minor in Economics to students majoring in other disciplines. While on the other hand, Symbiosis School of Economics offers a 3 years B.Sc. (Economics) Honors program.  Economics Society at SNU is also an active space that facilitates, supports, and organizes events and conversations about the economic, political, and social issues.  Given below is a comparison between the Economics course offered by Shiv Nadar University(SNU) and Symbiosis School of Economics. Particulars Shiv Nadar University Symbiosis School of Economics Established 2011 2008 Course duration 4 years 3 years Course fee 2.5 lakhs 2.02 lakhs Admission SNUSAT, APT, PI Symbiosis Entrance Test (SET), WAT, PI Average package 7.5 LPA 6-7 LPA Top recruiters Axis Bank, Airtel, Bank OF America, Yamaha, American Express, etc. D.E Shaw Association, IIHS, IHD, IIM, Public Affairs Centers, etc. Symbiosis School of economics has a traditional approach towards academics. Also, SSE is known more for business-related courses. Whereas SNU is reputed for its Economics courses.Read more

    1 Answer

    • Top Answer By Kirti Goyal on 02-Sep-2020

    Ans. NMIMS Bengaluru is a private university offering various courses at UG, PG level in various specializations. It achieved 7th rank as the best university by Business Today and offers above 85% placement every year.  Symbiosis School of Economics has been ranked the 6th best college among leading business schools in India by Outlook 2020. This college is the home of economics and offers nearly 99% placements to the deserving students. The table below gives a brief overview of both institutes: Categories NMIMS Bengaluru Symbiosis School of Economics, Pune Established  2008 2008 >Ranking (Outlook) 104  6th Intake 60 130 Course duration 3 years 3 years Faculty  16 11 Fees (1st year) INR 2.87 LPA INR 2.02 LPA Entrance Exam NPAT  SET Placement Record 85% 99% No. of students placed. 250 180 No. of recruiters 91 80 Highest package INR 21.38 LPA INR 7.65 LPA Average package INR 10.5 LPA INR 6 LPA Top Recruiters Dell, Airtel, Infosys, Genpact, Oracle, etc IBM, Jindal Steel, Panasonic, HDFC Bank, ICICI bank, etc. Admission in NMIMS Bengaluru is as follows:  Candidates should have a minimum of 50% marks from any recognized university. The admission to the BSc in Economics course is based on the marks obtained in NPAT, CLAT/LSAT, and NMAT tests.  The final selection includes a personal interview conducted by the institute.  Admission in Symbiosis School of Economics is as follows:  The candidates should have a minimum of 50% marks from any recognized university. The admission to the BSc in Economics course is based on the marks obtained in SET tests.  The final selection includes a personal interview and written ability test conducted by the institute.  The Symbiosis School of Economics is preferable to NMIMS Bangalore for pursuing BSc in Economics. The location is in Pune which has a very friendly climate and the course is designed in such a way that you will get to know more about the world.  Read more

    1 Answer

    • Top Answer By Prerona Datta on 28-Aug-2020

    Ans. This course teaches students about how the industries function and what their purpose will be. The course trains students to be industry-ready. Students are familiarized with concepts of economics, mathematics, finance, health care, real estate, education, politics, and many more. The table given below shows a brief overview of both the institutes: Categories Symbiosis School of Economics Sarla Anil Modi School of Economics Cut Off 96% (SET) 60% Course Fee 2,10,000 30,045-40,000 Placement Percentage 10% 77% Highest Salary Package 10 LPA 11 LPA Average Salary Package 6-7 LPA 4 LPA Recruiting Companies Jindal Steel, Financial Technologies, IBM, RangSutra, Panasonic India, etc. JP Morgan India Services, Endurance International, Edelweiss Tokio, Kotak Mahindra Bank, IDBI Federal Life, IIFL, etc. Placements: Students were also provided with summer internships which helped them to gain knowledge of how the industry works. Companies like QED Baton, Bharat Forge Ltd., HDFC Bank, ICICI Prudential, Zephyr Financial Publishers Ltd., WTC, etc. Career Scope: Students can specialize in Finance, Business, or Economics in their final year. Students graduating from Economics can -  Get their postgraduate degree in Management or Economics. Get jobs in finance and business industries. Become a market analyst and research analyst. Work in business media. Most students prefer DU colleges than Symbiosis School of Economics. The main reason being the affordability and popularity. DU colleges are a much more reputed institution than the Symbiosis School of Economics. Placements are better in DU colleges than Symbiosis School of Economics.Read more

    1 Answer

    • Top Answer By Meghdeepa Mondal on 27-Aug-2020

    Ans. For taking admission into B.Sc Economics program in Symbiosis, the applicants have to go through the SET or the Symbiosis Entrance Test followed by PI and WAT. The selection for Masters in Economics is done only based on the performance of the candidate in PI and WAT. The Written Ability Test (WAT) is generally easy, students are required to write an essay on a given topic related to the current affairs, politics, sports, education, etc. It consists of the following subjects. English: It comprises synonyms and antonyms, reading comprehension, dictionary meaning of different words, correct grammar usage, etc. Quantitative Aptitude: This section includes geometry, algebra, and statistics. General Awareness: This part comprises questions from the field of business, health, legal area, etc. Analytical and Logical Reasoning: It consists of coding and decoding, data interpretation, true and false, etc. In the personal interview questions like the following are asked - Who was the Indian economist to achieve a noble prize in economics for his theory? What is an indifference curve? What do you think of the current economic problem which is a hindrance to the development of India? How do you think you can solve it? What is foreign exchange?  The PI is followed by a group discussion that also deals with similar topics. The panel chooses students who stand out and are confident with their version or views on the topic.  Preparation Strategies: Preparation strategies to adopt while studying for the entrance exam of Symbiosis School of Economics are discussed below: You should have a proper understanding of the syllabus for the entrance exam. Go through the previous year’s questions and sample papers and make yourself familiar with the exam pattern. Take the help of Reference books for Symbiosis Entrance test, like -  Quantitative Aptitude for Competitive Examinations - R.S. Agarwal. Mental Aptitude - Shubhkamna Publications. Data Interpretation and Logical Reasoning - Arun Sharma. NCERT from classes 9-12. Attempt online Test series like Symbiosis Entrance Test 2018, Mock Tests Symbiosis Exam 2020, Mock Tests SET 2018, Everything about Symbiosis, SET. Take mock tests, it will help you understand the exam pattern. Many websites provide free mock tests. Read more

    1 Answer


    Bachelor of Science [B.Sc] {Hons.} (Economics) Fee Structure in India

    1.43 K (Minimum Fee)PUBLIC COLLEGES5.86 L (Maximum Fee)
    37.06 K (Average Fee)
    5.77 K (Minimum Fee)PRIVATE COLLEGES12.6 L (Maximum Fee)
    1.66 L (Average Fee)

    Bachelor of Science [B.Sc] {Hons.} (Economics) Fee Structure by State

    West Bengal

    22.49 K
    59.58 K


    18.1 K
    1.62 L



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