BA Economics Course, Fees, Admission, Duration, Scope, Career, Colleges, Job & Salary Ratio

About BA Economics Course:

A Bachelor of Arts in the field of economics-studies is a 3-year undergraduate course, which combines both literal and quantitative coursework. It can be pursued full-time, online, or through distance learning. 

Students will study Macroeconomics, Micro-economics, cost analysis, strategic pricing, statistical forecasting, and market research, among other areas.

Student’s interested in pursuing a career in finance and international trade, advisory roles in government institutions, insurance, investment banking, international MNC’s, etc, this is the course of your dreams. 

The Bureau of Labour Statistics forecasts a 6% growth rate for economists and a faster than average 11% growth rate for financial analysts by 2026.  

BA Economics Course Overview

Course level

Undergraduate

Duration

3 Years

Eligibility

Candidate must have passed 10+2

Examination Type

Semester-wise/ Annual

Admission Process

Merit- list/ Entrance exam

Average Fee

Rs. 2.5 lac to Rs. 3 lac. 


Admission Process and Eligibility for BA Economics Course:

Every university/college has a different admission procedure for BA Economics Course. Some universities conduct an entrance exam and only selected candidates to get admission. The selected candidates are then required to go through a round of personal interviews. 

Admission through merit-based requires candidates to score above average marks in their 10+2 board exams. 

Eligibility Criteria for BA Economics Course:

Candidates who are currently going to appear for their 10+2 board exams are also eligible to reply. 

The minimum requirement for a candidate to get BA Economics Course is to pass his 10+2 with adequate and decent marks. 

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Syllabus for BA Economics Course:

BA Economics Syllabus is listed below semester wise.  

Semester 1

Producers Equilibrium

Derivation of the Demand curve

Law of Variable Proportions

Approaches to demand

Laws of Production

Cardinal and ordinal utility

Isoquants Nature & characteristics

Market and Price

Returns to Factor & Return to scale

Indifference curve & consumer equilibrium

Factors of production

Utility Demand and supply

Consumer surplus and its measurement

Inductive and deductive logic

Merit & Demerits

Price, Income and cross elasticity

Nature and scope of economics

Elasticity of demand

Methods of economics analysis

Semester 2

Economies of scale

Theories of profit

Concept of Revenue

Profit: Net & Gross

Marginal and Average cost

Theories of wages and rent

Break-even point

Interest: Concept/ classification

Concept and classification

Fixed and variable cost

Market equilibrium

Accounting, opportunity

Price discrimination

Different concepts of cost- Explicit/Implicit

Monopolistic competition

Perfect competition and characteristics

Factor pricing

Price and output for firm and industry

Theory of marginal productivity of distribution

-

Concept of adding up theorem

-

Semester 3

Structure of the Indian economy

Natural Resources- land, water & Forest

Mineral resources

Land Reforms- Green Revolution

Demographic features

Rural Credit

Population, size, sex, etc

Agricultural marketing

Agriculture, nature and importance

Mechanization

Land use pattern

Small scale & Cottage Industries

Cropping pattern

Major industries in India

Trends in agriculture trends

Recent National Population Policy

Semester 4

The infrastructure of the Indian Economy

Irrigation, Power, Transport & Communication

Banking & Insurance

Human Infrastructure 

Health Nutrition

Housing & Sanitation

Planning in India

Analysis of the current five-year plan

Economy land utilization pattern

Natural Resources

Agro-Climatic zones

Demographic features of M.P

Agricultural situation in an Economy

Cropping pattern

Production and productivity of main crops

Sources of credit in agriculture, irrigation

Semester-5

Macro-Variables 

Concept of Accelerator

The circular flow of income

Factors affecting Capital Formation

Concept of National income

Investment Function

Measurement of National Income 

Factors affecting consumption

Economic welfare

Average and marginal propensities

Classical Theory of Employment

Aggregate demand and supply

Keynesian Theory of Employment

Social accounting in India

Effective Demand

Saving function 

Consumption Function

Sources of Saving Mobilization

Simple Investment

GNP, GDP, etc

Semester-6

Public Finance & Economics

Bank- Meaning and types

Canons of taxation

Inflation, Deflation

Sources of Revenue

Latest Budget

Public-private and Merit goods 

Fiscal Deficit

Principles of Public Expenditure

Deficit planning & budgeting

Public Debt

Constitution % function of Finance Commission

Methods of Redaction

Stock of money

Wagener’s Law

Cash transactions

Public Finance in India

Cash balance approaches

Concept & Types of budget

Deman-Pull & Cost-push inflation


Job Profile and Salary Expectation of a BA Economics Graduate:

There are many fields open for aspirants, since our world functions on economics and trade, market and money. Some of the popular avenues open to BA Economics course graduates are in the fields of:                                                

Occupation
 About
  Average salary

Economists

The person that studies the allocation or distribution of scarce resources. They analyze trade-offs through models, market behavior, etc.

Between 1,01,000 lac/- (Approx)

The annual projected growth of 6%

The salary depends on the experience, relevant skills of the candidate.

Financial Analyst

The person that collects, monitors, and interprets financial data, and further recommends companies to take steps. They help organizations make decisions about the allocation of funds, investments, etc.


Rs. 8,10,000/- (Approx)

Projected growth rate 11%

Budget Analyst

Gather and use financial data to prepare, develop and implement budgets for organizations. They conduct cost-benefit research, review financial data, income and expenditures, etc.  


Rs. 7,30,000/- (Approx) 


The projected growth rate of 7%

Investment Analyst

Provides insight and data into projects worth investing, etc

Rs. 4 to Rs. 5 lac/-

Sales Analyst

Complies data and employee records, to forecast future sales trends. 

Rs. 2.5 to Rs. 5 lac/-

Market Research Analyst

A Market research analyst uses his/her marketing and economics knowledge to forecast how well a product might sell.

Rs. 6,80,000/-

Projected growth rate 23%


Should I do a BA Economics Course: 

Yes, any professional with a well-fed, diverse knowledge in pricing, demand, and supply, pricing risk, cost-effective measures, etc will always be a sought after individual in the marketplace. BA Economics Course will fill you with the required skills to be just that.  

It is a timeless investment that ensures strong employment opportunities for the rest of your life. 

If you intend to pursue a graduate degree, a bachelor's in economics provides good foundational knowledge and base for programs in public policy or law, as well as Masters and Doctoral programs in the field of economics or other social science disciplines.

Upon successful completion, the students will acquire relevant skills and knowledge that will enable them to be great competitors in the global market.

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