Economics courses are one of the most popular streams candidates choose in and after their 10+2. Economics is a branch of science that deals with the production and use of goods and services. Candidates can pursue undergraduate, postgraduate, or doctoral Economics courses.
Economics Courses are usually 2 to 5 years in duration depending upon the course level. The average fee in the top Economics Colleges to pursue Economics Courses in India ranges from INR 25,000 - INR 1,00,000 annually. Economics Course fee depends on the institute the candidate has chosen. Some of the most popular Economics courses after 12th are BA in Economics, BSc in Economics, etc.
After successful completion of an Economics course, candidates can opt for various job roles like Economist, Chartered Accountant, Market Research Analyst, Indian Economic Service, etc. They can earn an average annual salary starting from INR 6 to 14 LPA depending on the type of job profile.
Table of Content
2.1 Undergraduate
2.1.1 Eligibility
2.2 Postgraduate
2.2.1 Eligibility
2.3 Doctoral
2.3.1 Eligibility
All About Economics Courses
| Courses Available | Certificate, Undergraduate, Postgraduate, Doctoral |
| Eligibility | Merit and Entrance-Based |
| Average Annual Course Fee | IINR 25,000-INR 1,00,000 |
| Jobs and Scope | Economist, Chartered Accountant, Statistician, Market Research Analyst |
| Average and Annual Salary | 6 to 14 LPA |
Types of Economics Courses
- Economics course is offered at various levels such as undergraduate, postgraduate etc.
- Economics courses provides a thorough theoretical knowledge of economics within its related fields. At graduation level, students are taught fundamentals of microeconomics and macroeconomics, statistics, mathematical methods in economics, etc.
- Students at the postgraduate levels are given exposure to advanced topics in economics like rural economics, public economics, game theory, and other advanced topics.
Undergraduate Economics Courses
Undergraduate Economics course is a 3-year program divided into 6 semesters. The course is offered both at BA and BSc levels at different universities across India. The course curriculum of BA and BSc in Economics vary. The BA level focuses on teaching social aspects of economics whereas the BSc in economics teaches global finance, statistical theory, etc.
| Course Name | BA Economics BCom Economics BSc Economics BBE |
| Course Duration | 3 Years |
| Admission Process | Merit/Entrance |
| Average Annual Fees | INR 25,000 - 1,00,000 |
| Top Colleges | IIT Kanpur, Miranda House, Christ University, Loyola College Chennai |
UG Economics Courses: Eligibility
- Candidates must have passed 10+2 from any recognized board.
- Candidates must have studied economics in their senior secondary school.
- Some colleges offer admission on the basis of marks scored in the 10+2 examination.
- Several top colleges offer admission to undergraduate Economics courses based on an entrance exam such as CUET, NPAT, IPU CET, etc
Postgraduate Economics Courses
Postgraduation in Economics is a 2 year-long program that makes students delve into all aspects of economics. The course is divided into 4 semesters that focus on theoretical aspects of different economics fields like Microeconomics, Macroeconomics, Econometrics and many more. A brief overview of the course has been mentioned below.
| Course Name | MA in Economics MSc in Applied Economics |
| Course Duration | 2 Years |
| Admission Process | Entrance-Based |
| Average Annual Fee | INR 10,000 to INR 70,000 |
| Top Colleges | IIT Kanpur, Miranda House, Christ University, Loyola College Chennai |
PG Economics Courses: Eligibility
- A minimum of 60% is required in graduation.
- Candidates must have passed graduation from any recognized university in a relevant discipline.
- Admission to postgraduate Economics courses is done on the basis of the entrance exam and marks scored in graduation.
Doctoral Economics Courses
| Course Name | PhD in Economics |
| Course Duration | 3-5 Years |
| Admission Process | Entrance Exam |
| Average Annual Fee | INR 10,000 to INR 1 Lakh |
| Top Colleges | IIT Kanpur, Christ University, Jadavpur University, Loyola College, Banasthali Vidyapith (Jaipur) |
Doctoral Economics Courses: Eligibility
- A minimum of 60% is required in MA/MSc from a recognized university to be eligible for admission to doctoral Economics courses.
- Students must qualify any national or university level entrance exam such as UGC NET, IIT JAM, etc. Several top colleges take an interview and discuss candidate’s research topics to offer admission to the PhD in Economics Course.
Certificate Economics Courses
- Certificate Economics Courses are short term economics courses that candidates pursue to upskil themselves.
- Certification courses in Economics are usually offered by top platforms such as Udemy, Coursera, etc.
- They are usually 15 days - 6 months long and range between INR 499 - INR 3,499.
- There is no specific eligibility criteria and admission process to pursue a certificate Economics course.
Top Economics Courses Colleges
| College Name | Location |
|---|---|
| Loyola College | Chennai |
| Lady Shri Ram College for Women | New Delhi |
| Miranda House | New Delhi |
| IIT Kanpur | Uttar Pradesh |
| Banasthali Vidyapith University | Rajasthan |
| Shri Ram College of Commerce | New Delhi |
| Delhi College of Arts and Commerce | New Delhi |
| St. Xavier’s College | Mumbai |
| Christ University | Bangalore |
| Parul University | Gujarat |
Economics Courses Syllabus
Economics courses syllabus of both UG and PG level vary from university to university. However, the following table gives an overview of the Economics courses subjects.
| Macroeconomics | Microeconomics |
| Mathematical Methods for Economics-I & II | Development Economics |
| Intermediate Microeconomics-I & II | Intermediate Macroeconomics-I & II |
| Statistical Methods for Economics | Quantitative Theory and Methods |
| Development Economics-I & II | Public Economics |
| Econometrics I & II | Rural Economics |
| Environmental Economics | Indian Economy |
Economics Courses: Job and Scope
| Job Profile | Description | Average Salary |
|---|---|---|
| Economist | The role of an economist is to collect and analyze data related to finance and determine the market trend. Not only this but also research and forecast trends and of goods and services. | INR 7.0 LPA |
| Chartered Accountant | CA role is diverse, dealing with financial reports, budget forecasting, providing advice on finance and many more | INR 8.05 LPA |
| Statistician | Statistician collects data and help the company in predicting the market trend. | INR 5.20 LPA |
| Market Research Analyst | Market Research Analyst review and find market trends, monitor product or services’ visibility, and identify the upcoming trends in the market. | INR 3.40 LPA |
| Policy Analysts | They analyze and monitor various policies and decide their benefits, impacts, etc. | INR 5.0 LPA |
| Financial Manager | Financial Manager looks after the finance of the company. They manage the company’s finance and plan the future budget of the company. | INR 10.0 LPA |
| Litigation Consultant | Litigation Consultants work on legal matters like researching legal matters and drafting lawsuits. They also advise the attorney on all legal matters. | INR 6.0 LPA |
| Indian Economic Service | The IES officer's work is the implementation of various policies and programs, economic administration, giving economic advice, etc. | INR 6.48 LPA |
Economics Courses: FAQs
Ques. Is Economics a good course?
Ans. Economics is one of the popular courses that students take up to build their careers in finance, banking, etc. After 10+2 students can take BA/BSc Economics at graduation level.
Ques. What are the jobs offered to BA Economics students?
Ans. Some of the jobs offered to BA Economics students are:
- Market Analyst
- Financial advisor
- Sales Executive or Analyst
- Banker
- Accountant
Ques. What are the jobs offered to BSc Economics Students?
Ans. Students of BSc Economics can look for the following jobs:
- Economist
- Chartered Accountant
- Statistician
- Risk Analyst
- Financial Analyst, etc.
Ques. What are the career options after MA in Economics?
Ans. After pursuing an MA in Economics, one can opt for the job roles like Finance analyst, Economist, Investment analyst, Statistician, Market researcher and more.
Ques. What is IES Exam?
Ans. IES stands for Indian Economic Service. The Union Public Service Commission conducts the IES exam to recruit eligible candidates to fill the vacancies in the Ministry of Economics in the Government of India. To apply for the IES exam, students must complete PG in Economics from a recognized university.
Ques. What is the work of an economist?
Ans. The work of an economist is to collect and analyze data related to finance and determine the market trend. Not only this but also research and forecast trends and of goods and services.
Ques. Which are the top companies hiring students of MSc Economics?
Ans. Public sector units like TERI, FICCI, NCAER, RBI etc. hire Economics courses graduates. Students can also opt for exams like CAT, SBI PO, UPSC, etc.
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