What is Economic History: Full Form, Course Duration, Admission 2025, Colleges, Salary & Scope

Economic history deals with analysis of economics, factors that analyse how past economies have changed, and factors influencing in development of economics. Meanwhile, economics deals with an analytical frameworks to approach different issues. 

History is an interesting and exciting subject to research. It may help us understand ourselves and our world, as well as inspire us to make a change. History courses in India range from certificate courses to degree and PhD programmes. The primary eligibility condition for anyone interested in this job is a 10+2 Diploma from a recognised school/college. Because excavations are still being conducted around the world, new discoveries are being made all the time, and the demand for archaeologists and historians is increasing. As a result, students will have numerous chances after completing this course. 

Here are some of the different types of history:

• Political history focuses on the study of governments, political systems, and political leaders.
• Social history focuses on the study of everyday life, social structures, and social movements.
• Economic history focuses on the study of the economy, economic systems, and economic development.
• Cultural history focuses on the study of art, literature, religion, and other aspects of culture.
• Intellectual history focuses on the study of ideas, beliefs, and ideologies.

The eligibility criteria to pursue Economic History courses may vary depending on the course level you opt for . If you have completed Class 12 then you can apply for BA Economics (Hons) course. If you are a graduate then you can apply for MA Economics (Hons) and on completing post graduation you can apply for PG Diploma Economics or PhD Economics, depending on your choice. You should make sure that you have atleast 50% marks in your previous educational qualification.

Yes, you can pursue Economic History course after completing BTech course. As a graduate you will be eligible to apply for post graduate level Economics courses like MA Economics and MSc Economics. But some colleges may have more restricted eligibility criteria. They may allow only those candidates who have a degree in Economics or those who have cleared entrance exam. To get admission in good colleges you may have to appear for and clear PG level entrance exams such as CUET PG, IPU CET, PUCET PG, JMI entrance exam etc.

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. 

The CUET PG exam is conducted in computer-based test (CBT) mode. This means that the exam is taken on a computer, and the questions and answers are displayed on the screen. Candidates use a mouse or keyboard to select their answers.

The CUET PG exam is held in multiple sessions throughout the day, and candidates are assigned to a specific session during registration. The exam is two hours long and consists of 100 multiple-choice questions.

The following table brings the structure of the expected CUET PG question paper.

Candidates must note that the Language Comprehension/Verbal Ability section is compulsory. The General Test also has to be taken by candidates opting for all test papers except Education (PGQP01).

Popular courses offered in Economic History are BA History, BA Economics, MA History, MA Ancient History, MA Economics, MA in Econometrics and MPhil in Economics. These courses address theoretical frameworks, empirical analysis, and specialised issues within the area of economic history with the goal of giving students at various stages of their academic journey a comprehensive understanding of the subject. 

Please refer to the table below for the top courses offered by best Economics colleges in India:

The main subjects covered in Economic History course include:

• Basics of Economic History  
• Indian Economy
• Indian Culture
• Money and finance in macroeconomic history
• Science and Technology
• Changes in Chinese History

There are about 4,300+ best Economics colleges in India. Of these, 1,463 colleges are owned by public/government organisations, 1,014 colleges are privately owned, and 884 colleges are owned by public/government organisations. Students can secure admission to the best BA Economics colleges in India after passing Class 12 boards or through entrance exam like CUET. Some of the popular colleges include Hansraj College, St. Xavier's College, Mumbai, Miranda House, Lady Shri Ram College for Women, Kirori Mal College, Hindu College, Loyola College, Atma Ram Sanatan Dharma College, MCC, and many others.

Please refer to the table below for the best low costing Economics colleges in India that offer the highest placement to their students:

Disclaimer: This information is sourced from the official website.

Hi, given below are the best government Economics colleges in India:

No, being a government college, Delhi School of Economics is not expensive. Even if the students find the fee a little high, candidates must apply for the scholarships provided by the college. Some of the scholarships include Dr. Manmohan Singh Fellowship worth INR 5000 per month and a book grant of INR 7,500 per annum. The other one is the A.N. Ram scholarship worth which is INR 1,200 per month.

After pursuing graduation or post-graduation in Economic History, candidates can avail of job options like data analyst, historian, lecturer, researcher, professor, consultant etc.  Some of the fields are listed below:

Students can see the below points to understand the admission process for Economic History courses: 

• Choose University/College: The first step is to search for colleges or universities which are offering courses in Economics or History. Check the fees, the seats offered, and eligibility criteria which are set for the course. Also, find out if the syllabus is offering the specialisation or branch you are interested in.
• Apply for Course: Proceed to apply for admission after getting to know the university offering the programme. Fill up the details as required and pay the application fee. The application forms are available for a limited period of time so the candidate is advised to know the details way in advance.
• Mode of Admission: Universities and Colleges will either conduct entrance exams for admission or offer admission through merit. For postgraduate courses, the candidate will have to appear for an entrance exam.
• Results: Selected and qualified candidates make the merit list. The student has to get the desired rank and percentage, to be eligible for admission.
• Counselling: The candidate will have to appear for the counselling session conducted at the university to book their seat, submit their documents and pay the fees to seal admission.

Point-by-point explanations of the benefits of studying economic history are provided below:
Knowing the reasons: Economic history helps us understand the origins of existing economic systems, institutions, and policies by illuminating the reasons of current economic occurrences.
Understanding Economic Dynamics: By looking at past case studies, we may learn about the patterns and trends that emerge from the economic dynamics of growth, development, and decline. These insights can then be used to inform economic analysis and decision-making in the present.
Contextualising Current concerns: By allowing us to comprehend how past events, policies, and trends have affected current economic possibilities and problems, economic history gives context for current economic concerns.
Learning from Past Mistakes: Researching economic history enables us to draw important conclusions from past failures and achievements, offering guidance to decision-makers in government, business, and individual pursuits.

Relevant Links Related to Economic History Course:

BA Admissions

MA Admissions

The study of economic systems, organisations, and policies and how they have changed over time to shape societies and impact global development is a fascinating topic covered in economic history classes. Economic Historians use both quantitative data and qualitative sources to understand the historical context in which major economic events have taken place.
Usually, these courses provide a broad overview of economic history from prehistoric times to the present. Key economic principles, including production, distribution, trade, and consumption, are taught to students along with an analysis of their historical evolution.

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