What is a BA in Economics?

Economists study the world through analysis of decision-making in homes, businesses, and the wider community. They check the details and put the pieces together, constantly striving to understand the 'big picture'. Armed with this information, economists can provide expert advice on business strategy, understand the background of issues, influence the policy of a better world society, and provide informed personal financial decisions. A Bachelor of Economics lets students understand and shape the economic future. They will learn how to break down complex issues into unanswered questions, discover advanced techniques for analyzing and managing information, learn how statistics are used in economics, explore issues related to the growth and resilience of the entire economic system, investigate social issues such as inequality, real-estate, environmental management and the destruction of natural resources.

BA in Economics Admission Process

Step 1: Students must meet basic BA economics eligibility criteria set by various colleges and universities.

Step 2: The candidate must fill out the application form for respective colleges available either online or offline.

Step 3: As required by the college, students must clear entrance exams to be accepted into the course.

Step 4: Further, candidates are invitees for GD or Personal Interview as per the college requirements.

Step 5: Once the merit list is published, students must then submit valid documents for verification and pay the admission fees.

BA Economics Document Required

• Mark Sheets and Passing Certificates of Class 10 and 12
• School Leaving Certificate/ Transfer Certificate (TC)
• Proof of Date of Birth (DOB)
• Caste Certificate if Any

BA in Economics Eligibility

To be eligible for the various types of degree programs available under the Bachelor of Economics programme one must meet the following requirements:

1. The Bachelor of Economics aspiring student must be 18 years of age by the end of the year of admission. There is no upper age limit set for admission in a BA in Economics degree course as of now.
2. An aspiring Bachelor of Economics candidate must complete his or her senior secondary education or 10+2 from a recognized board.
3. The candidate must score a minimum of 55 percent marks in their 10+2 to be eligible to take admission in a B.E degree course.
4. A candidate wanting to pursue a BA in Economics degree course must have a commerce stream background in his or her 10+2 unless he or she wants to do a B.Sc. in Economics. Then one needs to have a science background.

Why Study a BA in Economics?

There are several factors, as to why should you take up a BA in Economics, some of the key points are mentioned below for your reference,

Versatile Career Options: An economics degree allows you to pursue jobs in various industries and dimensions. It opens the door to a broad range of roles. An economist has the opportunity to work in industries such as business, government sectors, academics as well and private industrial settings.

Strong Foundational Knowledge: Owing to the versatility and wide range of areas an economics degree covers, it can prove to be the foundation for many highly reputed jobs. The economics syllabus helps you get an in-depth understanding of finance, markets, and resource management.

Challenges: The subject of economics will require you to pursue thought-provoking activities in your coursework and push you to employ critical thinking skills. During the course, you will face a lot of challenges that will enhance your understanding of world economics and how it influences many global aspects of business.

BA in Economics Specializations

A specialization is a focused area of study that is attached to a specific major. It involves the study of specific coursework beyond major requirements.

A Bachelor of Economics degree course provides specializations in various fields. Some of the popular areas of specialization available for an Economics degree course are as follows:

Agricultural economics

Contemporary economic issues

Crime economics

Health economics

Industrial economics

International economics

BA in Economics Syllabus

BA in Economics First Year Syllabus

• Micro and Macro Economics
• Mathematical Methods of Economics
• Economic Theory
• Economic Statistics
• Financial Systems

BA in Economics Second Year Syllabus

• History of Economics
• Econometrics
• Development of Economics in India
• Economy and Society
• Macro & Micro Economics - Intermediate

BA in Economics Third Year Syllabus

• Economic Development of India
• Development Theory
• Economics of the Society
• Foreign Economics Theory
• Financial Markets
• Financial Economics

Future Scope of BA in Economics

After a student has completed his or her education in a BA in Economics degree course he or she will have a wide scope in various fields of Bachelor of Economics.

A BA in Economics degree is the doorway to a wide variety of career opportunities. The scope depends on various factors like the degree of specialization, the interest areas, and the chosen career path. Here are a few career options to begin with:

Economist.

Financial risk analyst

Financial planner

Accountant

Economic researcher

Financial Consultant

Investment Analyst

Currently, there’s a wide scope for individuals who pursue a Bachelor of Economics in various research fields. Especially if he or she is in an esteemed college and is good at what one is pursuing, then the student is hired at a good pay package quite easily that too in big and reputed organizations.

Careers Opportunities after BA in Economics

An individual who completed his/her degree in a Bachelor of Economics course can easily get a job in various fields.

Some of the professions are listed below:

Finance: The Economics curriculum uses financial and cognitive skills. If one feels that Finance and Banking is his or her thing, then the student can continue pursuing an MBA in Finance and Banking or MMA Finance or a Chartered Financial Analyst Certificate after graduation.

Indian Economic Services (IES): Applications for public services that are also blessed with Economics education may apply to IES. Economists in this field participate in the formulation and implementation of policy and development, without having to deal with other areas such as economic reform, law, price adjustment, and monitoring.

The law: The combined knowledge of Economics and Law makes the student ideal for careers in business law, market research, and public policy. After completing the degree in Economics, one can move forward with a three-year law degree if it suits the individual’s preference.

Management: The degree of economics associated with the M.B.A. opens doors to different fields of management, including sales, marketing, public relations, human resource management, operations, and several such opportunities. Students have a choice to be a part of this career choice after pursuing an Economics degree and it is an added advantage if he or she completes the M.B.A. as well.

Consultation: Many consulting firms hire Economics graduates as economic advisors to their firms. An economic advisor conducts research, prepares reports, and devises strategies for solving economic problems. Issues are closely related to the production and distribution of goods and services, and monetary and fiscal policy.

Lecturers: An economics graduate student can become a lecturer in the field of his or her specialization. But, first, he or she needs to complete the post-graduation and in some cases, one may require to obtain a Ph.D. as well. Being in the field of academics is suitable for individuals who are passionate about teaching.

BA in Economics Jobs

1. Investment Banker
2. Financial Analyst
3. Stock Broker
4. AuditorI
5. Systems Analyst
6. Economist
7. Business or economic writer