The Ultimate Guide for Bachelor of Arts in Economics
By- Akanksha Yadav
What is the BA Economics course?
The full form of BA Economics course is Bachelors of Arts in Economics. The duration of this programme is three years. BA Economics is a undergraduate course for the students who want to work in banking or finance or other corporate industries. Some colleges directly take students on the basis of their marks in class 12th or equivalent examination while some colleges take the students in BA Economics course through entrance examinations. Some of the common entrance exams conducted for taking students in top BA in Economics colleges like Indian Statistical Institute, Jawaharlal Nehru University, and Jadavpur University etc are JNUEE, DUET, JMI EEE etc.
The average fees of doing BA Economics course is INR 15000 to INR 65000 in India. After completing the BA Economics degree, the students can expect a salary of INR 4 lakhs per annum in the beginning. Students with BA Economics can work in Indian Economic Services, Banking and Finance sectors, Private and Foreign Banks etc.
Some of the top BA Economics graduates recruiters are ICBC, HSBC, AXA, Allianz, JP Morgan Chase, Wells Fargo etc. After completion of BA Economics degree, the students can work as investment banker, financial analyst, stock broker, auditorl etc.
After completing BA Economics degree, some students also go for higher studies. The students can pursue courses like MA Economics, P.hd. in economics etc.
Eligibilty & Entry Requirements
What is the eligibility required for the BA Economics course?
Candidates who are planning to BA Economics course should look at the eligibility criteria before taking admission to a BA Economics college. The eligibility criteria for the BA Economics course are given below.
- The student should have cleared his/her class 12th or its equivalent with 45-50% marks from a recognised board.
- The student should have studied Mathematics, Economics/statistics subjects in his/her class 12th or equivalent. Students with a commerce background are mostly preferred for admission into the BA Economics course.
- Some colleges take students into BA Economics course through entrance examinations. Therefore, the students should first clear the relevant entrance examination and then apply for the admission.
Course Syllabus
What are the subjects in the BA Economics course?
The duration of the BA Economics course is three years. These three years are then divided into 6 semesters. During all 6 semesters, the students study various different subjects related to Economics. The semester-wise subjects list has been created below for the students who want to pursue a BA economics course.
BA Economics Subjects: 1st Year
| 1st Semester | 2nd Semester |
|
Evolution and Definition of Economics |
Economies of Scale |
|
Nature & Scope of Economics |
Different Concepts of Costs Explicit & Implicit |
|
Methods of Economics Analysis |
Accounting, Opportunity, Total fixed and Variable Costs |
|
Inductive & Deductive Logic, Merit, and Demerits |
Marginal & Average Costs & their relationship |
|
Utility Demand, Supply |
Concept of Revenue |
|
Commodities and their types |
Total, Marginal & Average Revenue |
|
Value and Price |
Break-Even Point |
|
Market |
Concept and Classification |
|
Administered and Non- Administered Prices |
Perfect Competition Characteristics |
|
Demand- Supply Equilibrium |
Price and Output Determination for Firm and Industry |
|
Cardinal (Marshal) and Ordinal Utility |
Market Equilibrium |
|
Approaches to Demand |
Characteristics and Price- Output Determination |
|
Indifference Curve: Consumer equilibrium (Hichs & Slutsky) |
Price Discrimination |
|
Price, Income and Substitution effects |
Monopolistic Competition |
|
Derivation of Demand Curve |
Characteristics Price - Output Determination |
|
Elasticity of Demand |
Factor Pricing |
|
Price, Income, and Cross Elasticity |
Theory of Marginal Productivity of Distribution |
|
Consumer Surplus and its Measurement |
Concept of Adding up Theorem |
|
Factors of Production and their Characteristics |
Theories of Wages and Rent: Classical and Modern |
|
Laws of Production |
Interest: Concept, Classical and Keynesian Theories of Interest |
|
Returns to Factor and Return to Scale |
Profit: Net and Gross |
|
Law of Variable Proportion |
Theories of Profit |
|
Isoquants' Nature and their Characteristics |
- |
|
Producers Equilibrium |
BA Economics Subjects: 2nd Year
| 3rd Semester | 4th Semester |
|
Structure of Indian Economy - Primary, Secondary & Tertiary Sectors |
The infrastructure of the Indian Economy |
|
Natural Resources, Land, Water, Forest |
Irrigation, Power, Transport, Communication |
|
Mineral Resources |
Banking and Insurance |
|
Demographic Features |
Human Infrastructure of the Indian Economy |
|
Population, Size, Sex, Rural-Urban Classification |
Health, Nutrition, Education, Knowledge, and Skills |
|
Population Distribution |
Housing and Sanitation |
|
Recent National Population Policy |
Planning in India- Objectives, Types, Strategy |
|
Agriculture: Nature and Importance |
Analysis of Current Five-Year Plan |
|
Land Use Pattern |
Economy- Land, land Utilization Pattern |
|
Trends in Agriculture Production and Productivity |
Natural Resources- Forest, Water & Mineral |
|
Cropping Pattern |
Agro-Climatic Zones |
|
Land Reforms: Green Revolution |
Demographic Features of M.P |
|
Rural Credit |
Agricultural Situation in Economy |
|
Agricultural Marketing |
Cropping Pattern |
|
Mechanisation |
Production and Productivity of Main Corps, |
|
Small Scale and Cottage Industries- Meaning, Importance and Problems |
Sources of Credit in Agriculture, Irrigation |
|
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles |
- |
BA Economics Subjects: 3rd Year
| 5th Semester | 6th Semester |
|
Macro Variables- Stock and Flow |
Public Finance and Public Economics |
|
Circular Flow of income |
Public, Private, and Merits Goods |
|
Concept of National Income- GDP, GNP |
Market and State- Role and Functions |
|
Measurement of National Income and Social Accounting in India |
Principle of Maximum Social Advantage |
|
National Income and Economic Welfare |
Sources of Revenue- Taxes, Loans, Grants, and Aids |
|
Classical Theory of Employment |
Canons of Taxation |
|
Keynesian Theory of Employment |
Principles of Public Expenditure |
|
Aggregate Demand and Supply Functions |
Principles of Public Debt and Methods of Redaction |
|
Effective Demand |
Wagener's Law- Increasing Activities |
|
Consumption Function |
Effects of Public Expenditure on Production and Distribution. |
|
Factors Affecting Consumption |
Public Finance in India |
|
Average and Marginal Propensities to Consume |
Concept and Types of Budget |
|
Simple Investment |
Fiscal Deficit |
|
Saving Function & Sources of Saving Mobilization |
Deficit Financing and Deficit Budget |
|
Investment Function |
Constitution and Function of Finance Commission |
|
Marginal Efficiency of Capital |
Recommendation of Latest Finance Commission |
|
Factors Affecting Capital Formation |
Latest Budget |
|
Concept of Accelerator |
The stock of Money and its Measures |
|
- |
Cash Transaction and Cash Balance Approaches. |
|
- |
Inflation, Deflation, and Recession |
|
- |
Demand-Pull and Cost-Push Inflation |
|
- |
Bank- Meaning and Types |
|
- |
Objectives and Limitations of Monetary Policy |
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