Business Economics
Parul ThapaSenior Executive Content
Business Economics courses compile subjects related to Finance and Economy, including Business Analysis, Business Statistics, Financial Accounting, Microeconomics, Business Environment, Macroeconomics, and International Business. Students of Business Economics courses are taught the application of economic theory as well as analysis of the decision-making of businesses.
Management stream counts as an umbrella to the Business Economics course. As part of a Business Economics course, aspirants study subjects such as Business Analysis, Financial Accounting, Business Statistics, Microeconomics, Business Environment, Macroeconomics, and International Business.
To be eligible for the Business Economics course, candidates must have completed their Class 12 from a recognised board with at least 50 per cent aggregate marks for General category students and 45 per cent aggregate marks for SC/ST candidates. The average Business Economics course fee ranges between INR 2,400 and INR 18.31 Lakh. Once graduated, candidates can go for job profiles such as Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc.
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- Business Economics Courses: Highlights
- All About Business Economics Courses
- Business Economics Courses Eligibility Criteria
- Business Economics Courses: Entrance Exams
- Business Economics Syllabus
- Top Colleges for Business Economics Courses
- 6.1 Top Government Colleges for Business Economics Courses
- 6.2 Top Private Colleges for Business Economics Courses
- Business Economics Career Scope: Job Profiles, Salary and Top Recruiters
- 7.1 Business Economics Average Salary in India
- 7.2 Business Economics Top Recruiters
- Business Economics Courses FAQs
Business Economics Courses: Highlights
Business Economics courses typically cover a range of subjects that blend economic theory with business practices. Candidates can check the table below to know the key highlights of the Business Economics courses.
Particulars |
Details |
---|---|
Course Level |
UG and PG |
Course Fee |
INR 2,400 - INR 18.31 Lakh |
Course Duration |
2 - 3 years |
Admission Criteria |
Merit-Based/Entrance-Based |
Entrance Exams |
|
Popular Colleges |
IIM Raipur, Management Development Institute, Amity University, etc. |
Job Profiles |
Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc. |
Average Salary |
INR 5.5 LPA - INR 28.8 LPA |
Top Recruiters |
Asian Paints, Aviva Life Insurance, Airtel Ltd., HCL Infosystems Ltd, Indian Oil tanking, ITC Ltd, etc. |
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All About Business Economics Courses
Business Economics courses are designed to provide students with a comprehensive understanding of how economic principles apply to various aspects of business decision-making, strategy, and policy formulation.
Studying Business Economics offers several compelling reasons and benefits:
- Versatility: It provides a versatile skill set applicable across various industries, including finance, consulting, government, and corporate sectors.
- Understanding Business Dynamics: Business Economics courses delve into the economic factors influencing business decisions.
- Analytical Skills: The courses emphasize quantitative analysis, statistical techniques, and critical thinking, fostering strong analytical skills essential for interpreting complex economic data and making informed business decisions.
- Career Opportunities: Graduates can pursue various roles, including financial analyst, market researcher, consultant, and economist, or pursue further studies in specialized fields such as Finance, Economics, or Business Administration.
Business Economics Courses Eligibility Criteria
In India, the eligibility criteria for Business Economics courses, both at the undergraduate and postgraduate levels, can vary between institutions. However, here is a general outline of eligibility criteria commonly observed for Business Economics courses:
Course Level |
Eligibility Criteria |
---|---|
UG |
Class 12 with at least 50 per cent aggregate marks for General category students and 45 per cent aggregate marks for SC/ST candidates. |
PG |
Bachelor’s degree in any discipline with at least 50 per cent marks in aggregate or possess at least 45 per cent marks in the subject of Economics |
Business Economics Courses: Entrance Exams
In India, various entrance exams are utilized for admission into Business Economics courses at different levels. Here are some prominent entrance exams for Business Economics courses in India:
Entrance Exams |
Exam Dates |
Exam Schedule |
---|---|---|
CAT |
26 Nov '23 |
|
CUET |
15 May '24 - 31 May '24 |
|
XAT |
7 Jan '24 |
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Business Economics Syllabus
The syllabus for Business Economics can differ based on the level of study (undergraduate or postgraduate) and the institution offering the course. However, here's a generalized outline of topics often covered in Business Economics programs:
Semester 1 |
|
---|---|
Micro Economic Analysis |
Business Accounting |
Marketing Management |
Computer Application |
Semester 2 |
|
Macroeconomic Analysis & Policy |
Public Finance and Taxation |
International Economics |
Indian Financial Systems |
Semester 3 |
|
Business, Government & Society |
Management Information System |
Operations Research |
International Financial System |
Semester 4 |
|
Contemporary Indian economy |
Business Policy and Strategic Management |
Business Ethics and Stress Management |
Time Series Analysis and Business Forecasting (Elective) |
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Top Colleges for Business Economics Courses
Several universities and colleges worldwide offer excellent programs in Business Economics. Here are some renowned institutions, government and private, known for their Business Economics courses.
Top Government Colleges for Business Economics Courses
In India, several government colleges and universities offer reputable Business Economics courses. Here are some of the top government institutions known for their programs in Business Economics:
College Name |
Total Fees (in INR) |
---|---|
8 Lakh - 10.25 Lakh |
|
18.9 Lakh |
|
6 Lakh |
|
9 Lakh |
|
1.04 Lakh |
|
Sri Guru Gobind Singh College of Commerce, University of Delhi |
1.47 Lakh |
93,310 |
|
2,400 |
|
20,000 |
Top Private Colleges for Business Economics Courses
In India, several private colleges offer reputable Business Economics courses. Here are some top private institutions known for their programs in Business Economics:
College Name |
Total Fees (in INR) |
---|---|
8.68 Lakh |
|
2.64 Lakh - 7.4 Lakh |
|
4.8 Lakh - 7.2 Lakh |
|
18.31 Lakh |
|
18.27 Lakh |
|
9.8 Lakh |
|
3 Lakh |
|
13.77 Lakh |
|
12 Lakh |
Business Economics Career Scope: Job Profiles, Salary and Top Recruiters
The field of Business Economics offers a wide range of career opportunities across various sectors due to its focus on merging economic principles with business applications.
Graduates of the Business Economics course possess a versatile skill set that combines economic analysis with business acumen, making them valuable assets across industries. The Business Economics career scope often extends beyond traditional roles, allowing flexibility and adaptation to evolving economic landscapes and business environments.
Continuous learning, staying updated with economic trends, and acquiring additional skills in data analysis or technology can further enhance career prospects in Business Economics.
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Business Economics Average Salary in India
After completing a UG course in Business Economics, aspirants can either join a PG-level course in the same field or they can even opt to pursue a job in a related field.
Some popular job profiles that candidates can pursue after completing their Business Economics course are listed below:
Job Profiles |
Job Responsibilities |
Average Salary (in INR) |
---|---|---|
Financial Analyst |
Analyzing financial data, preparing reports, and providing insights for investment decisions. |
6 LPA |
Market Research Analyst |
Studying market trends, conducting surveys, and analyzing data to help businesses understand consumer preferences and make informed decisions. |
5.5 LPA |
Management Consultant |
Advising companies on improving efficiency, solving problems, and implementing strategic plans. |
28.8 LPA |
Business Development Manager |
Identifying opportunities for growth, building relationships with clients, and expanding a company's market presence. |
9 LPA |
Policy Analyst |
Working in government or think tanks to analyze economic policies, evaluate their impact, and propose recommendations. |
10.3 LPA |
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Business Economics Top Recruiters
In India, several industries seek professionals with expertise in Business Economics due to their ability to apply economic principles to business strategies.
Some of the top recruiters across various sectors for Business Economics graduates include:
Top Recruiters |
||
---|---|---|
Bira |
GreyCells |
Inventrom |
Bank of America |
LAVA |
Evalueserve |
Capillary |
Arcesium |
KenResearch |
ANZ |
HSBC |
Sun Pharma |
Nielson |
ICICI Bank |
Axtria |
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Business Economics Courses FAQs
Q. What is the study of economics in business?
A. The study of economics in business encompasses various aspects related to the allocation of resources, decision-making, and understanding the dynamics of markets within the context of business operations. Economics in Business Management involves analyzing how businesses make choices regarding the production, pricing, distribution, and consumption of goods and services.
The study of economics within the business context provides valuable insights for businesses to optimize their operations, manage resources efficiently, understand market behaviour, and make strategic decisions to achieve their goals.
Q. Which is better BBA or Business Economics?
A. The key differences lie in their depth of focus and the specific skills and knowledge they impart. BBA programs provide a broader education covering various facets of business, whereas a degree in Business Economics hones in on the economic aspects relevant to business operations, strategy, and decision-making.
Candidates can check the table below to see the comparison between the two.
Particulars |
Business Economics |
BBA |
---|---|---|
Course Level |
UG and PG |
UG |
Course Fee |
INR 2,400 - INR 18.31 Lakh |
INR 50,000 to INR 6 Lakh and above |
Course Duration |
2 - 3 years |
3 years |
Admission Criteria |
Merit-Based/Entrance-Based |
Merit-Based/Entrance-Based |
Entrance Exams |
CAT, CUET, XAT, etc. |
NMIMS NPAT, SET, CUET, AIMA UGAT, IPM Aptitude Test, IPMAT, IPU CET |
Popular Colleges |
IIM Raipur, Management Development Institute, Amity University, etc. |
Manipal University, Chandigarh University, IIM Indore, Loyola College, etc. |
Job Profiles |
Business Analyst, Market Research Analyst, Management Consultant, Business Development Manager, Policy Analyst, etc. |
HR Executive, Marketing Executive, Marketing Manager, Sales Executive, Research and Development Manager, etc. |
Average Salary |
INR 5.5 LPA - INR 28.8 LPA |
INR 3 LPA - INR 10 LPA |
Top Recruiters |
Asian Paints, Aviva Life Insurance, Airtel Ltd., HCL Infosystems Ltd, Indian Oil tanking, ITC Ltd, etc. |
Tata Consultancy Services (TCS), Hindustan Unilever, International Business Machines (IBM) Corp, Ernst & Young (EY), etc. |
Q. What is the scope of Business Economics?
A. The scope of Business Economics is diverse and offers opportunities across various sectors due to its focus on applying economic principles to business decision-making.
The scope of Business Economics is continuously evolving, offering opportunities in diverse sectors where a deep understanding of economics and its application to business decisions is valued. It provides a strong foundation for roles requiring analytical skills, strategic thinking, and a comprehensive understanding of economic factors influencing business environments.
Q. What is the difference between Economics and Business Economics?
A. Economics and Business Economics share a foundation in economic principles, but they differ in their focus, scope, and application.
Economics is a broader field that studies the production, distribution, and consumption of goods and services in society.
Business Economics is a specialized branch of economics that applies economic theories and principles specifically within the context of business decision-making.
Economics has a broader focus, studying the entire economy at different levels (individuals, firms, markets, nations), while Business Economics zooms in on the economic aspects relevant to businesses, analyzing how economic theories apply within the business context.
Q. Who is eligible for an MA in Business Economics?
A. For admission to an MA in Business Economics course, a bachelor's degree or its equivalent in a related field such as Economics, Business Administration, Finance, or a quantitative discipline is typically required.
Some universities might require standardized test scores such as XAT, CAT, and CMAT.
Popular Business Economics Colleges in India
Business Economics Applications open. Apply Now
Popular Private Business Economics Colleges in India
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Business Economics Applications open. Apply Now
Business Economics Applications open. Apply Now
Most Popular Courses
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Popular Business Economics UG Courses
UG Courses
- B.A.
11 Colleges
- B.Com
6 Colleges
- BBA
6 Colleges
- B.A. (Hons)
1 College
- B.Sc.
1 College
Popular Business Economics PG Courses
PG Courses
- MBA/PGDM
26 Colleges
- M.A.
14 Colleges
- M.Com
4 Colleges
- Executive MBA/PGDM
1 College
- M.E./M.Tech
1 College
News & Updates
Student Forum
Answered 2 days ago
Hello Everyone,
'Given your M.Com in Applied Business Economics, I'd recommend choosing Commerce for the UGC NET exam'. Commerce aligns well with your background, covering topics like Business Environment, Financial Management, Marketing, and Accounting, which you might find more familiar and manage
P
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I have done my M.Com in applied business economics so which subject I have to choose in UGC NET exam among Economics or Commerce?