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All about BA Economics


All about BA Economics

Last updated: 01 Jun 2020

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A brief about BA Economics

The BA Economics course comprises both qualitative and quantitative approaches for the social sciences. The course usually involves a study of the main aspects related to improving the organisation’s overall profitability through different approaches and techniques. The BA Economics course is the undergraduate level Bachelor’s programme which is of 3 years of duration. The students who have passed their PUC or 10+2 are eligible to apply for BA Economics.

The field of economics deals with the basic elements of the economy. It mainly deals with the buyers, sellers, firms and markets. Economics is a vast field that consists of many sub- disciplines. It has many important allied sectors like energy economics, family economics, economic history and economic geography.

What makes the study of BA Economics important?

Studying Economics helps the students to put-forth economics and its principles in several areas. Economics can be implemented in different areas like finance, healthcare, education, politics, science and governance. The techniques of economic analysis can be used to tackle issues such as unemployment, inflation, slow economic growth and many other issues. The students of economics gain insights that help them to formulate the strategies, public policies and fiscal policies.

Factors that make BA Economics as the best course to study

The main aim of BA Economics is to develop a wide range of skills and prepare the students for the competitive business world. Certain factors make the study of BA Economics the best course they are:

  • It gives a detailed understanding of the economic concepts and principles to the students
  • The study of economics gives the students a theoretical understanding of the economic modelling, approaches as well as their applications
  • Economics increases the proficiency in the qualitative and quantitative techniques of computing methods and also the implementation of the same to solve a wide range of problems.
  • The study of economics helps the students to develop the ability to decipher economic data and appropriate methods to analyse and interpretation of the data
  • The study of economics opens up versatile career opportunities to the students. They can pursue jobs in various industries and dimensions.
  • The study of economics gives strong foundational knowledge of the various areas like microeconomics, macroeconomics and many more

Course Curriculum for BA Economics

The field of economics is very vast and exhaustive. The programme trains the students on various aspects like goods and services, consumption, production, distribution, markets etc. Although the students have to study diverse topics in their curriculum, it may be difficult to mention all of them. But some topics are relatively important and are studied mandatorily by all the students of the economy are listed below:

  • Basics of Economics
  • Microeconomics
  • Demand and Supply
  • Consumer Behaviour and Demand
  • Production
  • Cost and Revenue
  • Macroeconomics
  • Economic Analysis
  • Mathematics
  • Statistics
  • Market Structure
  • Monopoly and Competition
  • Pricing
  • Economic Systems
  • Inflation and Unemployment
  • Indian Economy
  • Economic History
  • Public Finance
  • Gender Economics
  • Health Economics

Future Prospects for BA Economics Students

The BA Economics students can join the companies soon after the completion of their BA Courses. They can even join a master's programme and take up teaching in the colleges. The students who are interested in research can join PhD programmes and take up research in the research institutes and organisations. Further BA Economics students have diverse job opportunities. They have access to government jobs, private-sector jobs, banks, self-employment options. The BA Economics students can land in lucrative jobs across various sectors like:

  • Government Jobs
  • Civil Service
  • Banks
  • Economic Agencies
  • Corporate Firms
  • Financial Institutions
  • Export and Import Firms
  • Stock Exchanges

Job roles and Salary Package

The BA Economics students soon after the completion of their graduation can easily join at various positions at different organisations. On an average BA Economics students can easily earn about 4 lakhs to 8 lakhs per annum. The average fresher salaries will be around 3.5 lakhs per annum. The salary increases according to the experience and skills gained in their careers.

Some of the job roles available are:

  • Bank officer
  • Manager
  • Assistant Manager
  • Analyst
  • Economist
  • Loan Manager
  • Business Analyst
  • Investments Analyst
  • Investment Banker

Top Recruiting Agencies

The BA Economics students are hired in many organisations. Some of the top recruiters are listed below:

  • ICICI Bank
  • YES Bank
  • RBS
  • Kotak Bank
  • Muthoot Fincorp
  • Shriram Chits
  • Cholamandalam Finance
  • Mahindra Finance

Conclusion

The changing trends in the economy have created a lot of scope and room for BA Economics students. The students who have the passion and enthusiasm to work with numbers and statistics can choose to become an Economist by choosing the field of Economy. Every organisation requires skilled economists and BA Economics students are skilled professionals. Hence the demand for the economic students never falls sharp.

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