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. 

Duration : 3 years

Specialization : Economics

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


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


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

Study Bachelor of Arts in Economics at 12+ colleges

View All

Want to learn more about this course?

Ask our Experts today about the program and career guidance.