B.A. Economics: Course, Career, Salary, Duration, Scope


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Bachelor of Arts in Economics (is a UG Course)  B.A. Economics or Bachelor of Arts in Economics is an undergraduate Economics course. Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The curriculum was comprising the areas such as definition, nature, scope, concepts, utility, production, market, monopoly and other minor or major aspects of Economics.

B.A. in Economics is generally three academic years and may be provided on a part-time basis by certain institutes.

The course has a semester system-based, and it is career orienting in nature that provides many jobs for them.

Bachelor of Arts in Economics

Duration: 3 Years
Level: Graduation
Type: Degree
Eligibility: 10+2

B.A. Economics Eligibility

Latest Applications For Various UG & PG Courses Open 2021:

    1. UPES UG, Dehradun | Admissions Open for All Courses 2021. Apply Now
    2. UPES PG, Dehradun | Admissions Open for All Courses 2021. Apply Now
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The candidates should complete their 10+2 or its equivalent exam from a recognized Board.

In many reputed colleges, there is an entrance exam or percentage of 12th class for the admission of students.

B.A. Economics Syllabus

Syllabus of Economics as prescribed by various Universities and Colleges.

Sem. I (Paper I) B.A. Part I

Subjects of Study

Unit I

Evolution and definition of Economics, Nature & Scope of Economics. Methods of Economics Analysis, Inductive & Deductive Logic, Merit and Demerits.

Unit II

Basic Concepts: Utility Demand, Supply, Commodity, and their types, Value and Price, Market, Administered and Non- Administered Prices. Demand Supply equilibrium.

Unit III

Utility: Cardinal (Marshal) and Ordinal Utility Approach to Demand. Indifference Curve: Consumer equilibrium (Hichs & Slutsky) Price, Income and Substitution Effects. Derivation of Demand Curve.

Unit IV

The elasticity of Demand, Price, Income and Cross elasticity, Consumer Surplus and its measurement.

Unit V

Production: Factors of Production and their Characteristics; Laws of Production Returns to Factor and Return to Scale, Law of Variable Proportion. Isoquants Nature and their Characteristics, Producers equilibrium.

Sem. II (Paper I) B.A. Part I

Unit I

Economies of Scale, Deferent Concepts of Costs Explicit & Implicit, Accounting, Opportunity, Total fixed and Variable Costs, Marginal & Average Costs & its Relationship. The concept of Revenue Total, Marginal & Average Revenue and Break-Even Point g.

Unit II

Market: Concept and Classification, Perfect Competition Characteristics, Price and Output Determination for Firm and Industry, Market Equilibrium.

Unit III

Monopoly: Characteristics and Price- Output Determination, Price Discrimination. Monopolistic Competition: Characteristics Price- Output Determination.

Unit IV

Factor Pricing: Theory of Marginal Productivity of Distribution. The concept of Adding up Theorem. Theories of Wages and Rent: Classical and Modern.

Unit V

Interest: Concept, Classical and Keynesian Theories of Interest. Profit: Net and Gross. Theories of Profit.

Sem. II (Paper I) B.A. Part I

Unit I

Structure of Indian Economy – Primary, Secondary & Tertiary Sectors. Basic features: Natural Resources, Land, Water, Forest, and Mineral Resources.

Unit II

Demographic Features (As per Census 2001): Population, Size, Sex, Rural-Urban Classification, Population Distribution, Recent National Population Policy.

Unit III

Agriculture: Nature and Importance. Land Use Pattern. Trends in agriculture Production and Productivity, Cropping Pattern.

Unit IV

Land Reforms: Green Revolution, Rural Credit, Agricultural Marketing, Mechanization.

Unit V

Small Scale and Cottage Industries- Meaning, Importance, and Problems. Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles.

Sem. II (Paper-II) B.A. Part I

Unit I

The infrastructure of the Indian Economy: Irrigation, Power, Transport, Communication, Banking, and Insurance.

Unit II

Human Infrastructure of Indian Economy- Health, Nutrition, Education, Knowledge and Skills, Housing and Sanitation.

Unit III

Planning in India- Objectives, Types of Planning, Strategy, Achievement & Failures, Analysis of Current Five Year Plan.

Unit IV

Basic Features of M.P. Economy- Land, land Utilization Pattern, Natural Resources- Forest, Water & Mineral. Agro-Climatic Zones. Demographic Features of M.P.

Unit V

Agricultural Situation in M.P. Economy: Cropping Pattern, Production and Productivity of Main Corps, Green Revolution, Sources of Credit in Agriculture, Irrigation. Main Courses of backwardness Agriculture in M.P.

Sem. I (Paper I) B.A. Part II

Unit I

Macro Variables- Stock and Flow, Circular Flow of income in closed and Open Economy. The concept of National Income- GDP, GNP. Measurement of National Income and Social Accounting in India. National Income and Economic Welfare.

Unit II

Classical Theory of Employment- Says Law of Market, Keynesian Theory of Employment- Aggregate Demand and Supply Functions, Effective Demand.

Unit III

Consumption Function, Factor Affecting Consumption, Average and Marginal propensities to consume, Simple Investment and Govt. Expenditure Multiplier and Leakages of Multiplier.

Unit IV

Saving Function & Sources of Saving Mobilization: Investment Function and (MEC) Marginal Efficiency of Capital, Factors Affecting, and Capital Formation. The concept of Accelerator.

Unit V

Theories of Interest- Classical (Abstinence & Waiting) Neo-Classical Theory, Keynesian Theory of Liquidity Preference, Liquidity Trap.

Sem. II (Paper I) B.A. Part II

Unit I

Public Finance and Public Economics: Meaning, Nature, and Scope. Meaning and Nature of Public, Private and Merits Goods, Market, and State- Role and Functions. A principle of Maximum Social Advantage.

Unit II

Sources of Revenue- Taxes, Loans, Grants and Aid- Meaning and Types, Canons of Taxation.

Unit III

Principles of Public Expenditure, Principles of Public Debt and Methods of Redaction; Wagener’s Law- Increasing Activities. Effects of Public Expenditure on Production and Distribution.

Unit IV

Public Finance in India: Sources of Revenue of Central and State Government, Concept and Types of Budget, Fiscal Deficit, Deficit Financing, and Deficit Budget.

Unit V

Constitution and Function of Finance Commission, Recommendation of the Latest Finance Commission, Latest Budget of Central and M.P. Government.

Sem. I (Paper-II) B.A. Part II

Unit I

Money- Meaning, Functions and Classification, Stock of Money and its Measures- M1, M2, M3, M4, Quantity Theory of Money- Cash Transaction and Cash Balance Approaches.

Unit II

Inflation, Deflation, and Recession- Definition, Causes, and Effects on different Segments of population and sectors of the Economy. Types- Demand-Pull and Cost-Push Inflation. Measure to Control Inflation, Deflation and Recession.

Unit III

Bank- Meaning and Types. Central Bank and its Function concerning R.B.I. Credit Control- Qualitative and Quantitative Methods. Objectives and Limitations of Monetary Policy.

Unit IV

Functions of Commercial Banks- Meaning and Methods of Credit Creation, Recent Reforms in Banking Sectors and Cheap Money Policy.

Unit V

Money Market and its Instrument, Defects of Money Market in India. Role of Private Banking in India.

Sem. I (Paper I) B.A. Part III

Unit I

Development & Economic Growth Economic growth and Development- Meaning, Factor’s of Development and Growth-Economic Capital, Physical and Human, Research and Development & Technology. Basic characteristics of Developing Countries.

Unit II

Human Resource and Development Role & Importance of Human Resource Development. Factor’s of HRD, Human Development Index, Concept of stable population and Transition towards it.

Unit III

Theories of Development and Growth. Theories of Development- Classical Schumpeter, Rostow, Gunnar Myrdal, Harshman.

Unit IV

Growth Models Growth models- Harrod Domer, Mahalanobis, and Balanced Vs. Unbalanced Growth Concepts of Regional Development.

Unit V

Basic Infrastructure as pre-condition of Growth: Power, Transport, Communication Banking, and governance.

Sem. I (Paper-II) B.A. Part III

Unit I

Basic Concepts and Linear Algebra Concept of a variable, Parameter, constant and variable functional equations, Identities and inequalities, Meaning and solution of an equation. The system of a simultaneous linear equation and their solution.

Unit II

Descriptive Statistics Basic concepts, Population, Sample, Parameter, Frequency distribution, Cumulative frequency graphical representation of Data, Techniques of data collection, Sampling vs. Population, Primary and secondary data.

Unit III

Measures of Central Tendencies Measures of central tendencies- Mean, Median, Mode, Geometric Mean and Harmonic Mean, Measures of dispersion: Range, Mean deviation, Standard deviation, Co-efficient of variation, Quartile Deviation.

Unit IV

Correlation Karl Pearson’s Co-efficient of Correlation, and Spearman’s Rank Correlation Association of Attributes.

Unit V

Regression analysis, fitting a Bi-variate regression equation, Interpretation of Slope, Co-efficient of regression. Use and Application of Regression.

Sem. II (Paper I) B.A. Part III

Unit I

Sectoral Development-Agriculture Role and Importance of Agriculture in the Indian Economy. Factors of Agricultural Development, Green Revolution. Poverty and Unemployment in India.

Unit II

Sectoral Development- Industry and Import Export Role and Importance of Industrialization, Organized- Large and Small & Internal Domestic Industries. Import Substitution and export-Let Growth Strategy.

Unit III

Planning vs. Market Driven Economic Development. Economic Reforms in India, Privatization, Liberalization, and Globalization.

Unit IV

Environment & Development Environmental implication of Development renewable and nonrenewable resources. Limits to growth and sustainable development.

Unit V

Environmental Degradation and Development Evaluation of Environmental damages (Land, Water, Air & Forest) & its impact on the quality of life and economy.

Sem. II (Paper-II) B.A. Part III

Unit I

Time Series, Time Series analysis- Concept and components Additive and Multiplicative, Algorithm of Decomposition of Time Series, Methods of Moving Averages.

Unit II

Index Numbers- Concept, Laspeyres, Paasche’s and Fisher’s Index Numbers, Problems in the construction of Index numbers and their limitations.

Unit III

Probabilities: Concept, Rules of Probability (Addition and Multiplication) Conditional Probability, Binomial- Distribution.

Unit IV

Concept and Definition of Research Selection of Research Problems, Problems in Research in Social Sciences Types of Research.

Unit V

Hypothesis- Meaning & Types, Research Report Writing, Sources of Primary and Secondary Data, Development of Questionnaire and schedule. Characteristics of Good Questionnaire.

B.A. Economics Colleges

Kamala Nehru College, Delhi

Dayanand College, Ajmer

Baba Umad Singh Institute of Education, Juhnjhunu

Akshaiber Singh Memorial Post Graduate College, Maharajganj

B.A. Economics Course Suitability

Those who are willing to go for teaching fields at higher degree level, i.e. college and university level both in private and government institutions.

They should have skills like communication, numeracy, problem-solving, computing, time management, and analytical skills.

Candidates should also possess a logical and analytical bent of mind, numerical ability, an interest in current social and political activities.

They should also have sincerity, commitment, and devotion; an interest in problem-solving, a high level of patience, with a positive and optimistic attitude.

How is B.A. Economics Course Beneficial?

This degree course enables the students to go to various commerce and banking-related jobs.

One can go for higher degree programs in respective subjects such as M.A. in Economics.

The Indian Economic Service and Reserve Bank of India are excellent options open to those who want to join government services after it.

They are placed in the Planning Commission, Planning Board, Ministry of Economic Affairs, National Sample Survey and other departments that need specialists in economics.

B.A. Economics Employment Areas

  • Agricultural Companies
  • Economic Research Institutions
  • Analysis/Forecasting Firms
  • Stock Exchanges
  • Financial Information Firms
  • Banks/Credit Unions
  • International Trade Companies
  • Manufacturing Firms
  • Statistical Research Firms
  • B.A. Economics Job Types
  • Economic Researcher
  • Sales Analyst
  • Economist
  • Securities Analyst Trainee
  • Investment Analyst
  • Fixed Income Portfolio Manager
  • Investment Administrator
  • Financial Service Manager
  • Customer Profit Analyst
  • Advanced Courses in B.A. Economics
  • M.A. (Economics)
  • M.Phil. (Economics)
  • Ph.D. (Economics)
  • After completing B.A. (Economics), you can become:
  • Economist

Colleges and Institutes

  • Colleges offering B.A. (Economics) in India
  • Andaman and Nicobar Islands (1)
  • Andhra Pradesh (138)
  • Arunachal Pradesh (7)
  • Assam (117)
  • Bihar (26)
  • Chandigarh (2)
  • Chhattisgarh (21)
  • Delhi (23)
  • Goa (6)
  • Gujarat (79)
  • Haryana (34)
  • Himachal Pradesh (11)
  • Jammu and Kashmir (9)
  • Jharkhand (24)
  • Karnataka (164)
  • Kerala (129)
  • Madhya Pradesh (63)
  • Maharashtra (283)
  • Manipur (4)
  • Meghalaya (13)
  • Mizoram (2)
  • Nagaland (6)
  • Orissa (61)
  • Puducherry (4)
  • Punjab (63)
  • Rajasthan (58)
  • Sikkim (4)
  • Tamil Nadu (134)
  • Tripura (7)
  • Uttar Pradesh (273)
  • Uttarakhand (34)
  • West Bengal (132)
  • B.A. (Economics) Colleges in India

Economics Courses

  • Economics Degree Courses
  • B.A. (Business Economics)
  • B.A. (Corporate Economics)
  • B.A. (Developmental Economics)
  • B.A. (Hons.) Economics
  • B.Com. (Applied Economics)
  • B.Com. (Business Economics)
  • B.Economics
  • B.Sc. (Economics)
  • B.Sc. (Hons.) (Economics)
  • M.A. (Applied Economics)
  • M.A. (Business Economics)
  • M.A. (Development Economics)
  • M.A. (Econometrics)
  • M.A. (Economics & Rural Development)
  • M.A. (Economics)
  • M.A. (Hons) (Economics)
  • M.A. (Quantitative Economics)
  • M.A. (Rural Economics)
  • M.B.A. (Economic Legislation)
  • M.B.A. (Macroeconomic Theory and Policy)
  • M.B.A. (Managerial Economics)
  • M.B.A. (Quantitative Techniques I)
  • M.B.A. (Quantitative Techniques II)
  • M.B.E. (Master of Business Economics)
  • M.Com. (Applied Economics)
  • M.Phil. (Analytical & Applied Economics)
  • M.Phil. (Business Economics)
  • M.Phil. (Business Finance & Economics)
  • M.Phil. (Development Economics)
  • M.Phil. (Economics)
  • M.Phil. (Home Economics)
  • M.Phil. (Rural Economics)
  • M.Sc. (Applied Economics)
  • M.Sc. (Economics)
  • M.Sc. (Financial Economics and Administration)
  • M.Sc. (Hons.) (Economics)
  • M.Sc. (Quantitative Economics)
  • Ph.D. (Business Economics)
  • Ph.D. (Economics)
  • Ph.D. (Rural Economics)

Economics Diploma Courses

Latest Applications For Various UG & PG Courses Open 2021:

    1. UPES UG, Dehradun | Admissions Open for All Courses 2021. Apply Now
    2. UPES PG, Dehradun | Admissions Open for All Courses 2021. Apply Now
    3. Chandigarh University, Punjab | Admissions Open for All Courses 2021. Apply Now
  • Post Graduate Diploma in Applied Economics
  • Post Graduate Diploma in Economics
  • Economics Certificate Courses
  • Certificate Course in Applied Managerial Economics

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