Economics: Courses, Admission 2023, Eligibility, Exams, Syllabus, Top Colleges, Salary
Jasmine Dang AroraDeputy Manager-Content
Economics Courses teach candidates about the various factors working around the financial institutions in India and all over the world. Economics is one of the most popular streams candidates select throughout and after their 10+2. Candidates may choose to take Economics courses at the undergraduate, graduate, and doctorate levels.
Depending on the level, economics courses typically last 2 to 5 years. The average fees to study economics in India's leading colleges ranges from INR 25,000 to INR 1 lakh. The candidate's preferred institute will determine the cost of the economics course. Following high school, the most sought-after Economics courses include the Bachelor of Arts (BA) and Bachelor of Science (BSc) degrees.
BA & MA Economics are important subjects for students who want to build a career around business and management. A degree in economics gives an insight into the financial conditions of the country and its institutions to the students, which is helpful in real functioning in the industry. The students also have the option to pursue MBA/PGDM after graduation in Economics. Candidates can get a deep insight into the career prospects in Economics in this article.
Latest Updates:
- Economics Courses Highlights
- 1.1 Who Study BA Economics Courses?
- 1.2 Who can Pursue BA Economics Courses?
- Economics Courses Eligibility
- Top Entrance Exams for Economics Courses 2023
- Types of Economics Courses
- Syllabus for Economics Courses
- 5.1 Specialisations in Economics
- Top Colleges for Economics Courses
- 6.1 Top Government Colleges for BA Economics
- 6.2 Top Private Colleges for BA Economics
- Economics Career: Scope, Job Profiles & Top Recruiters
- 7.1 Economics Job Profiles
- 7.2 Top Recruiters for Economics
- Frequently Asked Questions (FAQs) About Economics
Economics Courses Highlights
The field of Economics has a broad application. Because of its global relevance, there are more prospects for employment in Economics. This article will examine the application of Economics and possible career paths.
Interested students can have a quick look at the table below for more details related to courses available in Economics, job positions, fees, colleges, and recruiters.
| Particulars |
Details |
|---|---|
| Course Name |
Economics |
| Course level |
Graduation, Postgraduation, Doctorate |
| Duration |
3 years, 2 years, 3 years |
| Top Entrance Exams |
|
| Course Fee |
Up to INR 2 lakh |
| Average Salary |
INR 3 to 6 lakh |
| Top Recruiting Companies |
KPMG, The Economist, World Bank, IMF, CRISIL |
| Job Positions |
Analyst, Research Assistant, Assistant Professor, Post Graduate Teacher, Economist |
| Top Colleges |
Gargi College,Aligarh Muslim University, Chitkara University, Chandigarh etc. |
Also Read
Top Colleges to Pursue Economics
University NIRF Ranking 2023: Top 100 Universities in India
Economics is a field of Social Science that helps us comprehend historical, contemporary, and hypothetical economic models. Economics course is a popular programme pursued by students at graduation and postgraduation levels. It is a good choice for those who wish to make a career in academics and school teaching. Major universities and colleges offer Economics courses in full-time mode. Many distance learning institutions also offer Economics in part-time mode.
Economics graduates and postgraduates can work in the field of planning and policy-making, research and consultancy as well as commerce and banking sector. Therefore, economics graduates are always in demand in all domains.
Who Study BA Economics Courses?
- After pursuing Economics, one can pursue either postgraduation or doctorate in Economics and establish a career in academics. One can also pursue B.Ed and work as a TGT or PGT in popular schools.
- Economics graduates are also hired by public and private banks and other commercial companies.
- Graduates can also pursue professional courses such as CA, CS, CMA, CFA, LLB, etc after studying Economics.
- Professionals are hired by top multi-national companies for various job profiles such as Analyst, Administrator, Economist, Banker etc.
Who can Pursue BA Economics Courses?
- Anyone who wishes to pursue a promising career in academics or economic policy-making or the banking industry can pursue Economics.
- Those candidates who have pursued Mathematics are favoured for UG courses in Economics since Statistics is one of the major subjects offered both in UG and PG courses in Economics.
- Many candidates also aspire to join government services through UPSC CSE or State PSCs or UPSC IES and Economics is a popular optional subject in these examinations. Students who possess Research, Analytical and Statistical skills can take admission in Economics courses.
Economics Courses Eligibility
There are several colleges that offer Bachelor's and Master's degrees in Economics such as Shri Ram College of Commerce (SRCC), Lady Shri Ram College for Women, Christ University, Bangalore, St. Xaviers Bangalore, Presidency College etc. Candidates are advised to check the eligibility criteria for the college before applying for admission.
- Candidates, who have completed their 10+2 with a minimum of 50 per cent marks in any stream from a recognised board can enrol themselves in a bachelor course.
- For pursuing a master's course in Economics, one should have a bachelor's degree in Economics with a minimum of 50 per cent marks from a recognised university.
- To pursue a doctoral degree in Economics, the candidate should hold a master’s degree from a recognised university and should clear UGC-NET.
Top Entrance Exams for Economics Courses 2023
- Most renowned colleges shortlist aspirants for admission to Economics courses offered by them on the basis of their performance in an entrance exam. Candidates qualifying for the written exam have to then appear for counselling. Some popular entrance exams for Economics courses conducted in India are listed below:
| Name of the Exam | Registration Details | Exam Dates |
|---|---|---|
| UGC NET June 2023 | Registration will start in April 2023 | 13th-22nd June 2023 |
| DUET 2023 | April 2023 | |
| APRCET 2023 | Application Form in September 2023 | October 2023 |
| PUBDET 2023 | Admit Card in May 2023 | Exam in 2023 |
| TISS BAT CUET 2023 | February-March 2023 | May 2023 |
Read More: Career in Economics
Types of Economics Courses
Through the study of Economics, one gets an opportunity to know about the Indian economy and its financial institutions. This topic helps to understand the mechanism behind the financial institution. Courses related to this subject introduce an understanding of macroeconomics and microeconomics and development in various fields etc.
Some of the courses offered in Economics are given below:
| Course |
Duration |
|---|---|
| BA (Hons) Economics |
3-Years |
| BA Economics + Commerce |
3-Years |
| BSc in Economics |
3-Years |
| MA in Economics |
2-Years |
| MA in Applied Economics |
2-Years |
| MSc in Agricultural Economics |
2-Years |
| Integrated MA in Economics |
5-Years |
| MA Economics with specialisation in Energy Economics |
2-Years |
| BSc in Economics with Data Science |
2-Years |
| BSc in Politics, Economics and Analytics |
2-Years |
| PhD in Economics |
2-Years |
| MPhil in Economics |
2-Years |
Syllabus for Economics Courses
Since economics is a subject that deals more with the economics of the state and the world, students who choose humanities or commerce as their major in classes 11 and 12 typically choose economics as their major in college. The curriculum of economics courses varies from college to college. Apart from this, the curriculum also depends on the degree that is offered to candidates on completion of the course.
Here is the common syllabus for courses available in Economics.
| BA (Hons) in Economics |
|
|---|---|
| Semester I |
|
| Semester II |
|
| Semester III |
|
| Semester IV |
|
| Semester V |
|
| Semester VI |
|
| MA In Economics |
|
| Semester I |
|
| Semester II |
|
| Semester III |
|
| Semester IV |
|
Also Read: Subjects for Economics
Specialisations in Economics
In order to be more effective and competitive, students need to opt for a specialisation in economics. An organisation or person can emphasise their skills and training by specialising in one area of economics. This may result in a higher reputation in the field or at work by establishing credibility and authority in relation to a certain topic or procedure.
Candidates pursuing higher studies in the field of economics can undertake courses based on various specialisations such as:
| Specialisation | Details |
|---|---|
| Development Economics |
Development economics, sometimes known as the economics of development, is the study of economics in developing countries. It employs economic theory to examine ways to foster economic growth, increase employment, comprehend inequality, and improve wealth distribution. |
| Environmental Economics |
A branch of economics that focuses on environmental issues is called environmental economics. Growing environmental concerns have made it a subject that is now extensively investigated. |
| A branch of economics that focuses on environmental issues is called environmental economics. Growing environmental concerns have made it a subject that is now extensively investigated. | |
| Behavioural Economics |
Environmental economics is a subfield of economics that specialises in environmental problems. The environment is currently a topic that is widely researched due to growing environmental concerns. |
| Microeconomics and macroeconomics are the two subcategories of economics. While macroeconomics examines the actions of nations and governments, microeconomics is the study of people and company decisions. |
Top Colleges for Economics Courses
Economics is a very popular and sought-after course by students.Our society is quickly becoming more competitive and international, which has led to an increase in complexity. Career prospects for experts like economic analysts, researchers, and consultants have increased significantly in recent years.
Every year, students compete for seats in the top institutions offering various courses in Economics. Some of these top colleges include government and private institutions. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.
Top Government Colleges for BA Economics
Some of the popular government colleges for Economics are as follows:
| College Name | Total Fees (in INR) |
|---|---|
| Atma Ram College, Delhi University | 540 |
| Aligarh Muslim University, Aligarh | ---- |
| Daulat Ram College, Delhi | 54,000 |
| Gargi College, Delhi | 45,000 |
| Jamia Millia Islamia, Delhi | 14,000 |
| Madras Christian College, Chennai | 56,000 |
| Maharaja Agrasen College, Delhi | 540 |
| Shivaji College, Delhi | 57,000-1 lakh |
| Sri Venkateswara College, Delhi | 37,000 |
| S S Jain Subodh PG College, Jaipur | 48,000 |
Top Private Colleges for BA Economics
Some of the popular private colleges for pursuing Economics are as follows:
| College Name | Total Fees (in INR) |
|---|---|
| Amity University, Greater Noida | 2.4 lakh |
| Christ University, Bangalore | 2-6 lakh |
| DAV College, Chandigarh | 50,000 |
| K J Somaiya College of Arts and Commerce, Mumbai | 2,000 |
| Mangalayatan University, Jabalpur | 50,000 |
| Mithibai College, Mumbai | 30,000-97,000 |
| Mount Carmel College, Bangalore | 2-4 lakh |
| Symbiosis University, Pune | 77,000 |
| Stella Maris College, Chennai | 60,000 |
| St. Xavier's College, Mumbai | 30,000 |
Economics Career: Scope, Job Profiles & Top Recruiters
After studying Economics, students get a good knowledge of Indian economy, agricultural economy, and industrial economy. Students who want to make their career in the business and commerce and banking sectors can really do wonders with the help of the courses available in Economics. The average salary of a graduate from Economics background in India is INR 4-5 LPA. The pay scale, however, rises with experience and performace.
Economics Job Profiles
One should also possess the analytical ability, problem-solving and logical reasoning ability to advance in this field. After completing a bachelor's or a master-level course candidates can try their luck in several profiles. Since it is one of the pillars of the Indian economic system, the field of economics is always demanding. Many chances are available for students in the banking, insurance, investment, etc.
A list of Economics employment prospects in India is provided below:
| Job Profile | Average Salary (in INR) |
|---|---|
| Sales Analyst |
4 LPA |
| Economics Researcher |
4.5 5 LPA |
| Economist |
9 LPA |
| Investment Analyst |
7 LPA |
| Investment Administrator |
8 LPA |
| Customer Profit Analyst |
6 LPA |
Top Recruiters for Economics
After completing the course students can become valuable assets for the companies and institutions such as the Ministry of Economic Affairs, the Reserve Bank of India and the Indian Economic Services. Well-trained economists are being sought after by numerous domestic and foreign companies. Regarding work opportunities for economists, the banking and insurance sectors are extremely important.
Jobs opportunities have multiplied since liberalisation, privatisation, and globalisation. The course in Economics really offers some great career scope with good perks and salaries.The top recruiters for Economics graduates are:
| Top Recruiters for Economics Courses | |
|---|---|
| Infosys |
KPMG |
| Reliance Industries |
CRISIL |
| Tata Consultancy Services |
World Bank |
| Deloitte |
Ministry of Finance |
Read More: Top Economic Courses in India
Frequently Asked Questions (FAQs) About Economics
Q. What are the popular courses in Economics?
A. Candidates can pursue a master's or a bachelor's level course in Economics with Data Science, Commerce, etc. Economics is a popular and most sought-after course by students after Class 10+2. It is a very challenging course and offers a wide range of opportunities wherein students can establish a promising career by working in private and government companies. It teaches students about the financial sector of the country and concepts of macroeconomics and microeconomics.
Read More:
Q. Can I get a job after BA in Economics?
A. The job opportunities after graduation are very few. Candidates are advised to pursue higher studies if they want to make a career related to this field. Also once candidates complete graduation, they can pursue B.Ed and enter teaching or they can pursue post-graduation and complete B.Ed to become a Post Graduate Teacher. Candidates can also enter into university-level teaching after completing PhD and clearing UGC NET exam.
Also Read: B.Ed Syllabus
Q. What are the requirements for admission in MA Economics?
A. Candidates willing to pursue a master's in Economics must have a graduation degree in Economics with a minimum of 45 per cent marks. Candidates must have an interest in studying the deeper concepts of economics and can pursue postgraduation. Generally, those who wish to make a career as an academician or research associate can pursue an MA course.
Read More:
Q. What is the admission process for studying Economics in a college or university?
A. Universities and Colleges either conduct entrance exams for admission or offer admission through merit. For postgraduate courses, the candidate will have to appear for an entrance exam. Candidates must possess relevant qualifications and mark sheets to secure admission to the courses. Furthermore, candidates must have cleared the entrance exams with a good score and possess the skills to pursue Economics. Check Out: Best Colleges for Economics in India.
Q. What is the admission process for Economics courses?
A. Students can read the below-points to get an idea of the admission process:
- Admission to undergraduate and postgraduate courses are made on the basis of marks scored in top entrance exams such as CUET UG and CUET PG.
- Merit list is prepared on the basis of marks scored in qualifying exams and entrance exam and on the basis of the performance in the interview, candidates are offered admission to top colleges.
Q. What is the duration of a UG course in Economics?
A. The UG courses are three years in duration. In the undergraduate course, candidates shall study six semesters and a variety of subjects such as:
- Mathematical Methods for Economics
- Statistical Methods for Economics
- Introductory Econometrics
- Development Economics
- Money and Financial Markets
- Public Economics
Q. Can I pursue PhD in Economics and what is the procedure for the same?
A. Yes, candidates having a master's degree in Economics with at least 55 per cent marks can enrol for a PhD. It is a research-oriented specialised course of three-year duration. Candidates must prepare a proposal in advance to apply for this course. They must also prepare for UGC-NET in order to secure a position in JRF (Junior Research Fellow).
If a candidate clears UGC-NET, he shall be exempted from the entrance test and can directly appear for the viva. PhD can be pursued either full-time wherein the candidates shall work as Research Scholars in the institutions whereas it can also be pursued by working professionals in part-time mode. Those who complete PhD can find themselves working for think tanks and public policy organisations. Read More: PhD in Economics
Q. What is MBA in Economics?
A. An MBA with a focus on economics is a graduate-level business degree programme that combines core business management education with a specialisation in economics. This type of MBA programme is designed to provide students with a strong foundation in both business administration and economic theory, allowing them to understand and analyse the economic aspects of various business decisions, strategies, and market dynamics.
Q. What is better MBA or MA Economics?
A. Students can choose between an MBA and MA in Economics as per their interests and career requirements. MBA is a more professional course designed for management skills, while MA Economics is suitable for students who wish to join educational institutes.
| Particulars | MBA | MA Economics |
|---|---|---|
| Fees (in INR) | INR 4-25 lakh | INR 30,000 to INR 1 lakh |
| Programme Type | Professional degree | Academic degree |
| Subjects | Management, finance, marketing, etc. | Microeconomics, macroeconomics, econometrics, economic policy, etc. |
| Specialisations | Specialisations available | Generally focuses on economics |
| Career Path | Business leadership, management roles | Economic research, academics, policy analysis, consulting |
Q. What are the top colleges offering courses in Economics?
A. The top colleges in India offering popular Economics courses in undergraduate and postgraduate levels are:
Q. What is the average salary after Economics courses?
A. A graduate in Economics has ample employment opportunities. The students can find employment in both the government and the private sectors. Some of the job profiles and their salaries are:
| Job Profiles |
Average Salary (in INR) |
|---|---|
| Economist |
INR 6.8 LPA |
| Research Associate | INR 6 LPA |
| Research Assistant | INR 4 LPA |
| Post Graduate Teacher |
INR 5 LPA |
| Assistant Professor | INR 7 LPA |
Popular Economics Colleges in India
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Most Popular Courses
Popular Courses
- M.A. in EconomicsJawaharlal Nehru University
- M.A. in EconomicsBanaras Hindu University
- M.A. in EconomicsAmity University, Noida
- B.A. (Hons.) in EconomicsAmity University, Noida
- B.A. (Hons.) in EconomicsJamia Millia Islamia
- B.A. (Hons.) in EconomicsLady Shri Ram College for Women, University of Delhi
- B.A. (Economics, History)Lady Shri Ram College for Women, University of Delhi
- Bachelor of Business Administration (BBA Hons.)LPU - Lovely Professional University
- B.Sc. (Hons.) in EconomicsLPU - Lovely Professional University
- Bachelor of Business Administration (BBA)LPU - Lovely Professional University
Popular Economics UG Courses in India
UG Courses
- B.A.
2870 Colleges
- B.Sc.
276 Colleges
- B.A. (Hons)
34 Colleges
- B.Com
21 Colleges
- B.Sc(Hons.)
6 Colleges
Popular Economics Specializations in India
Popular Specializations
News & Updates
Oct 18, 2023
Student Forum
Anything you would want to ask experts?Answered 3 days ago
Definitely yes.
It is a very demanding course that pave for multiple carreer opportunities.
You can explore about -
- CUET
- Banking exams
- MBA
- 3 year LL.B
One can pursue this course for sure it has great job demand as well as good course for competitive exams.
Answered 3 days ago
In the intricate tapestry of academic pursuits, B.A. Economics students at Chandigarh University find active partners in a transformative journey. The university's commitment to crafting personalized success stories for each student, especially in terms of placements, sets it apart. Chandigarh Unive
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Answered 3 days ago
For B.A. Economics graduates at Chandigarh University, the horizon of career opportunities stretches wide, promising a journey beyond conventional limits. Nestled within the embrace of the No. 1 private university in India, the campus unfolds as a dynamic space where academic brilliance translates i
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Answered 3 days ago
The high placement rate for B.A. Economics graduates at Chandigarh University stem from a meticulously crafted educational approach. The curriculum seamlessly integrates economic theories with real-world applications, preparing graduates not just to analyze markets but to thrive in them. The faculty
A
Answered 3 days ago
Answered 3 days ago
Review 1 mentions that the college has facilities such as Wi-Fi, classrooms,
Answered 5 days ago
A
Answered 6 days ago
Candidates who want to pursue BA Hons. in Economics programme at Jindal School of Government and Public Policy must apply to the official site of the school. Candidates must meet the eligibility criteria mentioned by the school and also have valid score in the required examinations. Candidates can a
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Answered 6 days ago
Students who wants to pursue BA Hons in Economics programme at Jindal School of Government and Public Policy must have passed class 12 form a recognised board or equivalent course from a recognised body. The candidates who have studied mathematics at class 12 level will be given additional preferenc
S
Answered 6 days ago
Chandigarh University, recognised as the No. 1 private university in India, prioritizes the success of B.A. Economics graduates in placements through a multifaceted approach. The curriculum emphasizes a practical blend of theoretical knowledge and real-world applications, allowing students to engage
T
Answered a week ago
The University of Montreal entry requirements for MA in Economics are:
- A bachelor’s degree
- Students must have very good Mathematical skills
- Undergraduates of other fields can also be excellent fit for this program
Students are not encouraged to apply to the Winter term of this programme as only graduate
Answered a week ago
| Courses | Eligibility |
|---|---|
| B.Com | Candidate must have passed 10+2 or equivalent examination from a recognised school/board. |
A
Answered 2 weeks ago
Below are the requirements for Indian students to get into the London School of Economics and Political Science:
Applicants must complete an undergraduate degree with upper second-class honours (2.1) or above. Applicants from any academic background are welcome to the university.
Applicants can have
Answered 2 weeks ago
The information available prevents a direct comparison of the placement outcomes for the B.Sc. in Economics and B.Sc. in Accounting and Finance (ISBF) programs at the Indian School of Business and Finance. The University of London awards the degrees, but the London School of Economics & Political Sc
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Answered 2 weeks ago
Research and Consultancy sectors emerged as the top recruiting sectors during Symbiosis School of Economics BSc Economics placements 2022. The key highlights of Symbiosis School of Economics BSc Economics placements 2022 are presented below:
Particulars | BSc Placement Statistics (2022) |
|---|---|
the highest package | INR 21 LPA |
Average package | INR 6.47 LPA |
Median package | INR 7 LPA |
Placement rate | 83.3% (2021) |
K
Answered 2 weeks ago
The Central University of Kerala MBA placement statistics or the details for MA placements are not released officially. However, the combined placement data for PG (2-year) courses is available in the NIRF report 2023. The placement rate for PG (2-year) courses has been fluctuating from 2020 to 2022
A
Answered 3 weeks ago
Yes, GRE is a compulsory qualitative admission requirement for Tilburg University MSc Economics Data Science program. Minimum GRE score required is 160 in the Quantitative part of the test. But, the completion of all the sections is also required. Also, the GRE test results must not be older than 2
Answered 3 weeks ago
The applicants with a Diploma from a Non-Dutch institute are recommended to apply directly for the Master’s program. The applications shall be considered for both Pre-Master’s as well as the Master’s programs. The application process for Tilburg University MSc Economics is given as follows:
- Firstly,
Answered 3 weeks ago
The Part A of MA Economics paper of CPGET exam is of 40 marks. Important topics asked in MA Economics in CPGET exam are Indian Economy and Economic Development, Structure of the Indian Economy, Indian Agriculture, Industry and Services, Telangana State Economy
Meanwhile, part B is of 60 marks. Import
Answered 3 weeks ago
A
Answered 3 weeks ago
Delhi University admission to MBA is based on CAT scores followed by the GD and PI process. The further process of GD and PI is conducted for students with a valid CAT scores only. Affiliated to Delhi University, the overall Delhi School of Economics MBA CAT cutoff for general category is 85 Percent
Answered a month ago
A
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Answered a month ago
The number of offers released during Miranda House BA Economics Hons placements 2023 was 53.8%. Further, the salary package offered during Miranda House UG placements over the past three years are presented below:
Particulars | UG Placement Statistics (2020) | UG Placement Statistics (2021) | UG Placement Statistics (2022) |
|---|---|---|---|
the highest package | INR 17.5 LPA | INR 19.25 LPA | INR 61.97 LPA |
Average package | INR 7.04 LPA | INR 5.52 LPA | INR 6.48 LPA |
Median package | INR 5.6 LPA | INR 6 LPA | INR 6 LPA |
the lowest package | INR 2.5 LPA | INR 2.5 LPA | INR 2.4 LPA |
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- Contact a faculty member at IISER Pune with a recent CV and research proposal. The faculty member must agree to act as your mentor.
- Apply if you have submitted your Ph.D. thesis. You will receive an admission letter after receiving all required document
S
Answered a month ago
There will be two papers in the subject:
Paper I - Theory: 3 hours ……80 marks
Paper II- Project Work ……20 marks
PAPER - I (THEORY) – 80 Marks
Part I (20 marks) will consist of compulsory short answer questions testing knowledge, application and skills relating to elementary / fundamental aspects of the
Answered a month ago
Yes, without an honors degree in economics, you can apply for an MA in Economics at Delhi University (DU) or Jawaharlal Nehru University (JNU). Admission to both universities is via an entrance exam. Regardless of their bachelor's degree, anybody can pursue an MA in Economics at DU's Delhi School of
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Answered a month ago
Eligibility to get admission in B.L. Amlani College of Commerce and Economics for UG/PG courses:
UG: Passed 10+2 with at least 45% marks.
PG: Passed Bachelor's degree with at least 50% marks.
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