BA Economics Course: Full Form, Admission 2024, Fees, Syllabus, Entrance Exam, Top Colleges, Career Scope

Updated on Jul 15, 2024 02:50 IST

BA Economics is an undergraduate-level Arts course. Bachelor of Arts in Economics is a 3-year degree that enables students to comprehend and explain the fundamentals of Economics. It also prepares students to face the job market by imparting the requisite professional competencies. 

As per UGC guidelines, to enrol for a BA Economics course, one must pass a 10+2 or equivalent course with a minimum of 50% marks. The course can be pursued in regular and distance modes of education. Admission to the course is usually based on Class 12 marks. However, many reputed institutes offer BA Economics admission based on entrance exams such as CUET, PUBDET, IPU CET and JMI Entrance Exam. The average fee for a BA Economics course ranges from INR 7,000 to INR 50,000. Those who wish to pursue the course in Distance mode can enrol themselves in IGNOU, Institute of Distance and Open Learning, Institute of Distance Education, University of Madras and NSOU.

The top colleges that offer BA Economics admission are Hansraj College, Jamia Millia Islamia, Miranda House, Christ University and Amity University. On graduating with a BA Economics course, candidates can opt for career options such as Economic consultant, Management Consultant, Actuary, Statistician and Credit Analyst. The average salary of a BA Economics graduate ranges between INR 2.8 LPA and INR 38 LPA.

Latest Updates about BA Economics:

  • CUET UG RE-exam for admission to undergraduate-level courses will be conducted on Jul 19 2024 for affected candidates.

BA Economics Highlights 2024

The table below presents some important details related to BA Economics such as fees, colleges, jobs and salaries:

Course Name

BA Economics course

Full Form

Bachelor of Arts in Economics

BA Economics Eligibility

Class 12 with at least 50% marks

BA Economics Duration

3 years

BA Economics Fees

INR 7,000 to INR 50,000

Top BA Economics Colleges

Hansraj College, Jamia Millia Islamia, Miranda House, Christ University, Amity University

BA Economics Salary Range

INR 2.8 LPA – INR 38 LPA

BA Economics Jobs

Economic consultant, Management Consultant, Actuary, Statistician, Credit Analyst

BA Economics Distance Colleges 

IGNOU, Institute of Distance and Open Learning, Institute of Distance Education, University of Madras, NSOU 

BA Economics Entrance Exams

CUET, PUBDET, IPU CET, JMI Entrance Exam

Top BA Economics Recruiters

Gartner, HDFC Bank, Morgan Stanley, Yes Bank, Deloitte

Note: The details mentioned above may vary depending on various parameters.

Q:   Is B.A Economics a good course?

A:

Yes, BA Economics is a good course. It is suitable for candidates who are interested in studying the development and transformation of various societies. The course tends to have a modern and progressive approach. Whether it is a good course or not depends on the individual’s interests and preferences.

Q:   What is BA Economics?

A:

BA Economics revolves aorund the optimal use of resources and concentrates on the major conceptual bifurcations of Economics, namely Macroeconomics and Microeconomics. It delves into the various types of financial markets, the operation of an economy, and current economic trends. Some of the common/popular BA subjects available under the Economics specialisation:

  • Econometrics
  • Introduction to Statistical Methods in Economics
  • Introductory Macroeconomics
  • Economics of Banking
  • The Economics of Labour
  • Economic Analysis of Agriculture
  • Business Economics

Why Pursue BA Economics course?

  • There are several reasons why many candidates prefer to pursue a BA Economics. Some of these are as follows:
    It offers a broad range of career options.
  • The salary of an Economist ranges between INR 2.8 LPA and INR 38 LPA.

Q:   What is economics all about?

A:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Behind this definition are two key ideas in economics: goods are scarce and that society must use its resources efficiently.

Q:   Why is it important to study International Accounting?

A:

First and foremost, companies, nowadays, conduct business across borders; as such, there is a need for accounting standards that would enhance comparability and uniformity in presenting financial information.
International Accounting helps businesses keep pace with the diverse regulatory environment and fosters increased transparency in financial reporting.
In addition, International Accounting deals with a range of issues that give a number of problems during foreign currency transactions, transfer pricing, and international taxation, guaranteeing appropriate financing arrangements and accurate decision-making at an international level.

BA Economics Eligibility Criteria

The colleges offering BA Economics course determine the eligibility criteria. The candidates should have completed their schooling or equivalent qualification from a recognised institute before pursuing a BA in Economics.

Given below are the basic eligibility criteria that should be fulfilled by candidates who wish to pursue a BA Economics:

Particulars

Details

BA Economics Academic Qualifications

The candidates should have completed Class 12 or equivalent qualification from any stream.

BA Economics Marks Criteria

They should have secured at least 50% marks.

BA Economics Appearing or Passed Criteria

Those appearing for or have already completed Class 12 board exams are eligible.

BA Economics Age Limit

No age limit is prescribed.

Note: The eligibility criteria mentioned above may vary depending on the college.

Q:   Can I pursue B.A Economics after a Diploma in Electrical Engineering?

A:

Yes, candidates who have completed a Diploma in Electrical Engineering or any other branch of engineering can pursue a BA Economics. They should have secured at least 50% marks as it is an essential eligibility criterion to be fulfilled to secure admission to BA Economics. 

The candidates should make an informed decision as the choice of a bachelor’s degree would determine one’s career path. Those who do not wish to pursue a B.E./BTech or a BCA can opt for a Humanities course such as BA Economics.

Q:   Can I pursue B.A Economics after completing an intermediate in vocational course?

A:

Yes, those who have completed an intermediate-level vocational course can apply for a BA Economics. This is because an intermediate vocational course is considered equivalent to Class 12. They should have secured at least a 50% overall score in their vocational course. Pursuing an Arts degree with an Economics specialisation enhances the candidate’s employment prospects.

Best BA Economics Colleges

Many government and private colleges offer BA Economics course in India. The candidates are advised to check if the college they wish to pursue BA Economics is recognised by UGC and approved by AICTE.

Best BA Economics Government Colleges

Given below are some government colleges that offer BA Economics course in India:

BA Economics Government College

BA Economics Government College Fees (in INR)

Hansraj College, University of Delhi

540

Jamia Millia Islamia

21.6 K

Miranda House, University of Delhi

44.67 K

UoH - University of Hyderabad

24 K

Lady Shri Ram College for Women, University of Delhi

57.51 K - 71.01 K

IGNOU - Indira Gandhi National Open University

12.6 K - 14.1 K

Guru Gobind Singh Indraprastha University

2.82 L

Atma Ram Sanatan Dharma College, University of Delhi

540

University of Lucknow

18.16 K - 24.22 K

Institute of Distance and Open Learning, University of Mumbai

16.3 K

Note: The fees mentioned above may vary.

Best BA Economics Private Colleges

Given below are some private colleges in India that offer BA Economics course:

BA Economics Private College

BA Economics Private College Fees (in INR)

St. Xavier's College, Mumbai

23.36 K 

K J Somaiya College of Arts and Commerce

2.4 K

Christ University

2.25 L - 3.45 L

Amity University, Noida

6.12 L - 9 L

FLAME University

22.2 L - 29.6 L

Note: The fees mentioned above may vary.

BA Economics Distance Education

The admission to the Distance BA  Economics course does not require the candidate to have passed any entrance exam. The fee structure of the BA Economics correspondence course ranges between INR 3,000 and INR 1.24 lakhs.

Given below are some colleges that offer BA Economics in distance mode of education:

BA Economics Distance College

BA Economics Distance College Fees (in INR)

IGNOU - Indira Gandhi National Open University

12.6 K - 14.1 K

Institute of Distance and Open Learning, University of Mumbai

16.3 K

Institute of Distance Education, University of Madras

16.71 K

NSOU - Netaji Subhas Open University 

9.9 K

Note: The fees mentioned above may vary.

1 Course
23.36 K
6.89 LPA
4 Courses
540
7 LPA
6 Courses
44.67 K
6.89 LPA
3.03 L - 4.11 L
4.8 LPA
5 Courses
61.47 K - 74.97 K
9.2 LPA
2 Courses
80.61 K
9.5 LPA

Q:   Which colleges offer B.A Economics course with low fee?

A:

There are several colleges that offer BA Economics course with an affordable fee structure. Some of these are as follows:

BA Economics Colleges

Average Salary (in INR)

Motilal Nehru College, University of Delhi

540

Hansraj College, University of Delhi

540

Rajdhani College, University of Delhi

540

Shyam Lal College, University of Delhi

540

Motilal9 Ram Sanatan Dharma College, University of Delhi

540

Motilal8 Mahavidyalaya, University of Delhi

540

Deen Dayal Upadhyaya College, University of Delhi

540

Note: The average BA Economics college fees mentioned above may vary depending on the college policies.

Q:   In which colleges do BA Political Science students get good placements?

A:

Placement sessions are conducted for the students of Political Science departments in many colleges. There are some colleges that offer lucrative placement packages to the stuidents and graduates of BA Political Science course. Some of these are as follows:

BA Economics Colleges

Average Salary (in INR)

Dibrugarh Hanumanbax Surajmall Kanoi College

38.2 LPA

University of Lucknow

9.75 - 14.4 LPA

MKR Government College

12.7 LPA

Government First Grade College, Chikkaballapur

10.8 LPA

NSS College, Pandalam

10.73 LPA

Universal AI University

8 - 10.42 LPA

Jadavpur University

10 LPA

Popular Private BA Economics Colleges in India

6.12 L - 9 L
2.9
1 Course
7.2 L
15.89 L - 15.9 L

Economics Applications open. Apply Now

4.8 L
1.0
2 Courses
4 L

Economics Applications open. Apply Now

99 K

Types of BA Economics Courses

BA Economics is a course that is available in various modes of education. One can opt for the mode based on their accessibility and preferences.

Given below are some types of BA Economics course classified based on their mode of education, along with a brief description:

Types of BA Economics Course

Course Details

Full-Time BA Economics

A regular or full-time BA Economics course is one of the most popular options opted by students. In this students attend the lectures and seminars in the college premises. It aids students in their holistic development. There is a lot of scope for extracurricular activities at the college or inter-college level.

Distance BA Economics

In the Distance mode of the BA Economics course, the students do not attend regular college. They receive study materials and get access to the student portal. They would only have to appear in person for seminars and final examinations.

Online BA Economics

An Online BA Economics Programme can be pursued by candidates who wish to pursue the course without attending regular college or appearing for offline exams. The admission process, lecture delivery, submission of assignments and semester exams are conducted online.

Q:   Is Distance BA Economics a valid course?

A:

Yes, Distance BA Economics is a valid course that you can complete in 2 years. It is recognised by the UGC (University Grants Commission). There are over 30 colleges in India where you can pursue BA Economics in correspondence or distance mode. Institute of Distance Education (University of Madras), School of Distance Education, Bharati Vidyapeeth University and Sri Sai Correspondence College are some private colleges for the course. If you want to study in a government college then you can consider Indira Gandhi National Open University (IGNOU), Institute of Distance and Open Learning (University of Mumbai), Netaji Subhas Open University etc.

Q:   Should I pursue BA Economics in regular mode or distance mode?

A:

Both BA Economics regular course and distance course are good courses. It is totally up to you about which course you want to pursue. Most students opt for BA Economics courses in regular mode. This is because they will get exposure and learning will be enhanced in a classroom programme. There are more number of colleges offering the course in regular mode. Some students pursue the course in distance mode. These students could be living in remote places or could be working candidates who do not have time to attend regualr classes.

BA Economics Syllabus

The course curriculum of the Bachelor of Arts degree in Economics is divided into 6 semesters and covered over 3 years.

Given below are some of the main topics in BA Economics:

BA Economics Subjects in First Year

Introductory Microeconomics

Introductory Macroeconomics

Mathematical Methods for Economics

Ability Enhancement Compulsory Course

BA Economics Subjects in Second Year

Intermediate Microeconomics

Intermediate Macroeconomics

Statistical Methods for Economics

Introductory Econometrics

BA Economics Subjects in Third Year

Indian Economy

Development Economics

Applied Econometrics

Financial Economics

Note: The BA Economics syllabus may vary depending on the college offering the course.

Popular Specializations

Q:   What elective subjects are included in B.A Economics curriculum?

A:

The curriculum of BA Economics has some core as well as elective subjects. The elective subjects are usually choice-based and they include topics that are either related to Economics or related to other fields that could be useful for one’s career.

Given below are some elective subjects that are available in many Arts colleges offering BA Economics course:

BA Economics Elective Subjects

Economics of Health and Education

Applied Econometrics

Economic History of India (1857-1947)

Topics in Microeconomics

Political Economy

Money and Financial Markets

Public Economics

Comparative Economic Development (1850-1950)

Financial Economics

Environmental Economics

International Economics

Indian Economy

Money And Banking

Public Finance 

Q:   What is macroeconomics?

A:
It is related to the branch of economics concerned with large scale or general economic factors, such as interest rate and national productivity.

Q:   What is the difference between Microeconomics and Macroeconomics?

A:

 Students can see the table below to learn the difference between Microeconomics and Macroeconomics.

Points of DifferenceMicroeconomicsMacroeconomics
ScopeStudy of individual economic agents (households, firms) and specific markets (e.g., supply and demand for a particular good)Study of the economy as a whole, including aggregate measures such as GDP, inflation, and unemployment
FocusAnalyzes the behavior of individual economic units, such as consumers and producersAnalyzes the economy-wide phenomena, such as inflation, unemployment, and economic growth
ExamplesPricing decisions, consumer choices, production costsNational income, fiscal policy, monetary policy
ObjectivesUnderstand how individuals and firms make decisions to allocate resources efficientlyUnderstand overall economic performance and develop policies to stabilize the economy

BA Economics course Entrance Exams 2024

 Given below are some popular entrance exams through which candidates can secure admission to BA Economics course:

BA Economics Entrance Exams

BA Economics Exam Dates

BA Economics Exam Schedule

Common University Entrance Test (CUET)

15 May '24 to 24 May '24.

CUET Schedule

Presidency University Bachelor Degree Entrance Test (PUBDET)

27 Jul '24 - 28 Jul '24

PUBDET Schedule

Indraprastha University Common Entrance Test (IPU CET)

27 Apr '24 - 12 May '24

IPU CET Schedule

Jamia Millia Islamia (JMI) Entrance Exam

Apr '25

JMI Entrance Exam Schedule

Note: The BA Economics entrance exam dates and schedules mentioned above may vary depending on the latest updates.

Candidates can refer to:
CUET Economics Syllabus

Important Exam Dates

DatesUpcoming Exam Dates

14 Nov '24 -

31 May '25

CGC Josh 2025 Registration Stage 1

ONGOING

14 Nov '24 -

31 Aug '25

CGC Josh Exam 2025

ONGOING

07 Dec '24

SAT Test December Date

08 Dec '24

Ashoka Aptitude Assessment Round-1

Dec '24 - May '25

NMIMS NPAT Registration Window

TENTATIVE

Jan '25 - May '25

NPAT Exam Dates

TENTATIVE

15 Jan '25

Last Date of AAT 2025 Applications (Round-2)

DatesPast Exam Dates

27 Nov '24

Last Date of AAT 2025 Applications (Round-1)

10 Oct '24

Ashoka Aptitude Test 2025 Applications Open

02 Jun '24

AAT 2024 Assessment (Round 4)

Q:   What is CUET UG exam?

A:

Common University Entrance Test (CUET) UG is an entrance examination conducted for admission to undergraduation programs offered by various central, state, private and deemed universities. Candidates willing to take admission to undergraduation programme in streams like Science, Humanities, Commerce, Law and Management must appear for the CUET UG exam when conducted.

The entrance examination assesses candidates at various levels: Language, domain knowledge and general aptitude. CUET UG is conducted annually in computer based mode. CUET UG scores are accepted by more than 300 universities across India. 

Q:   How to prepare for CUET?

A:

1) Make a perfect routine and try to follow it daily. 2) Complete the all chapter for each subject. 3) Solve previous year question. 4) Do meditation in order to make your mind peaceful. 5) Do yoga or excercise in order to be fit and healthy. 6) Eat hygienic food and stay healthy.

Q:   Which are the main documents that have to be uploaded while applying for CUET?

A:

Your Photograph and Signature are the main documents that you have to upload while filling in CUET UG application form. You may have to upload other documents depending on the details you have provided. For example, PwD candidates will have to upload a Person With Benchmark Disability (PwBD) Certificate. Here are the main documents you need to upload: Candidate’s Photograph (with 80% face without mask) (jpg, jpeg). The size of the scanned photograph should be between 10 kb to 200 kb. Candidate’s Signature (jpg, jpeg) The size of the scanned signature should be between 4 kb and 30 kb.

BA Economics Course Career Scope: Job Profiles, Salary and Top Recruiters

BA Economics graduates explore a wide range of career options in corporations, the banking sector, and academia. They can also pursue various government jobs after BA Economics such as Civil Servant, Banker, Income Tax Officer, Assistant Audit Officer etc. The scope of BA Economics is evergreen and endless.

BA Economics Job Profiles

There are many job profiles exclusive to Economics graduates where they can implement their theoretical skills into the practical world. 

Given below are some BA Economics jobs that can be pursued by candidates upon completing the course, along with their respective annual income:

BA Economics Jobs

BA Economics Job Salary (in INR)

Economic consultant

10 LPA

Management Consultant

26.9 LPA

Actuary

9.6 LPA 

Statistician

9.9 LPA

Credit Analyst

8.3 LPA

Note: The salaries mentioned above may vary depending on the company.

BA Economics Course Top Recruiters

A career after a BA Economics is a promising and rewarding one. Many companies hire Economics graduates to work in job profiles that require knowledge of economics along with experience in mathematics, statistics and finance.

Given below are some of the top companies that recruit BA Economics graduates in India:

Top BA Economics Recruiters

JP Morgan

Gartner

ICICI Bank

HDFC Bank

Shopclues

Morgan Stanley

Axis Bank

Yes Bank

CITI Bank

Deloitte

Q:   What type of Actuary get a higher pay?

A:

Here are some Actuary jobs with high earning potential:

Actuary JobsAverage Salary
 Investment bankerINR 16.6 LPA
Operations Research AnalystINR 6.8 LPA
Statistical AnalystINR 9.3 LPA
Risk AnalystINR 7.7 LPA
Data scientistINR 14.5 LPA

Q:   Is Actuary a high paying job?

A:

The average salary of a Actuarial Analyst is INR 7.6 LPA in India. The higher salary package or designation also depends on one's experience, skillset, and job location. 

BA Economics FAQs: 2024

Here are some Frequently Asked Questions (FAQs) related to BA Economics course:

Q:   Can I become a Data Scientist after pursuing BA Economics?

A:

Yes, you can become a Data Scientist after pursuing BA Economics course. There are a few colleges and course providers that offer Data Science as an additional specialisation. The field of Data Science is open to all graduates. You can pursue a career in some other field initially and then switch to Data Science with adequate experience. This course prepares you for the job role as it includes Statistics and various analytical subjects in its syllabus. If you are interested then you can pursue online courses on Data Science

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Authors

Essentials of Econometrics

Damodar N. Gujarati

Econometric Analysis

William H. Greene

Mostly Harmless Econometrics: An Empiricist's Companion

Joshua D. Angrist

A Guide to Modern Econometrics

Marno Verbeek

Basic Econometrics

Irwin Economics

Introductory Econometrics: A Modern Approach

Jeffrey M. Wooldridge

Using Econometrics: A Practical Guide

A. H. Studenmund

K

Keerthana Sundara Vadivel

Contributor-Level 10

Answered 2 months ago

No, a Certificate in Economics is not equivalent to a B.A. in Economics: 

  • Certificate in Economics: A short-term course that covers fundamental economic principles, such as supply and demand, market structures, and economic policies. It can be a good option for people who want to gain knowledge quick

...more

V

Vishal Maurya

Beginner-Level 1