Economics

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What is Economics?

Economics is an important subject for students who want to build their career around business and management can opt for this subject which will teach them about the various factors that work around the financial institutions in India and around the whole world. The changes we are seeing today revolving around the economics of the country make this course more important than ever before.

This course offers great opportunities after you have completed your Bachelors or Masters. Keeping your main focus on money and finance, a degree in economics will also give you insights into the financial situations of the country and its institutions, meaning that by the time you have graduated you will have skills that will help you attract good jobs and packages. Mostly, students go for MBA/PGDM after finishing their Bachelors, but even without an MBA, you can bag your dream job.

Eligibility for Economics

If you have completed your secondary education with a minimum of 45 per cent marks you are eligible for applying to the course. There are several colleges that offer Bachelors and Masters degree in Economics:

Shri Ram College of Commerce (SRCC)

Lady Shri Ram College for Women

Christ University, Bangalore

St. Xaviers Bangalore

Presidency College

Remember, eligibility criteria are different for every college. You can check the college’s official website regarding eligibility and other details.

Course Highlights

Level

Graduation

Course Duration

3 years

Examination Type

Semester

Eligibility

A higher secondary (XIIth) passed student with a minimum of 45 per cent marks

Course Fee

Rs 25,000-3 lakh

Admission Process

Various recognised universities conduct their own entrance examination for admissions. Some universities such as the University of Delhi publishes individual cut-offs lists for the colleges offering the course.

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Courses Offered in Economics

You learn about the Indian economy and how it works in a more detailed form that helps you in understanding the mechanisms behind the financial institution our country is standing for so many years. This course makes you familiar with the depth knowledge of the economics of India, understanding macroeconomics and microeconomics, development in economics and various sectors, etc.

Career Options and Jobs

A three-year-long course makes a student of economics familiar with the Indian economy, agriculture economy, and industrial economy. Students who want to make a career in the trade and commerce and banking sectors can really do wonders with the help of this course. A B.A. honours in economics student should have an interest in the subject and also analytical, problem-solving, and logical reasoning capabilities in order to outshine in the subject.

One can become:

  • Sales Analyst
  • Economics Researcher
  • Economist
  • Investment Analyst
  • Investment Administrator
  • Customer Profit Analyst etc.

Job

Average Salary (in Rs LPA)

Investment Analyst

4.5

Sales Analyst

4.5

Economist

6.87

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, the Indian Economic Services. This course really offers some great career scope with good perks and salaries.

Popular Economics Colleges in India

Following are the most popular Economics Colleges in India. Learn more about these Economics colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
2 Courses
₹ 14.4 K - 21.6 K
₹ 4.4 - 4.86 LPA
3.65

#21 The Week

10 Courses
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₹ 38.72 K - 39.02 K
₹ 4.5 LPA
4.143
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4.09

#16 India Today

1 Course
₹ 10.46 L
₹ 13.4 LPA
4.22
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₹ 7.2 K - 12 K
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4 Courses
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₹ 5.64 - 5.87 LPA
3.96
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Popular Private Economics Colleges in India

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₹ 5 L - 7.6 L
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4.329
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1 Course
₹ 13.86 L
₹ 9.5 LPA
3.988
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₹ 1.87 L - 4.44 L
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10 Courses
₹ 2.24 L - 9 L
₹ 2.16 - 3.81 LPA
4.2198
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₹ 80 K - 1.05 L
₹ 1.5 - 2.5 LPA
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Popular Economics UG Courses in India

Following are the most popular Economics UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Economics PG Courses in India

Following are the most popular Economics PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Economics Specializations in India

Following are the most popular Economics Specializations . You can explore the top Colleges offering these Specializations by clicking the links below.

Popular Specializations

Comments

J

Jagdambe Sanitary

2021-04-17 19:03:56

Is the chitkara University is the best of B.A. Economics honour.

Reply to Jagdambe Sanitary

31484995
Gaurav Kumar Singh

Guide-Level 13

4 days ago

Here is a list why Chandigarh University is the BEST. Excellent Infrastructure. Best library. Innovative teaching ways. Amazing Campus. Extracurricular activities. Awareness programs. Qualified and competent staff. Student friendly environment. Professors help in each possible way to clear your d...Here is a list why Chandigarh University is the BEST. Excellent Infrastructure. Best library. Innovative teaching ways. Amazing Campus. Extracurricular activities. Awareness programs. Qualified and competent staff. Student friendly environment. Professors help in each possible way to clear your doubts. A+ Accreditation by NAAC. Recognize from various bodies. Foreign exchange programme. By this time you might agree with me that Chandigarh University (CU) is not only good but the BEST CHOICE.

V

Virat S

2021-03-03 09:52:24

Is LPU good for B.Sc. Economics?

Reply to Virat S

N

Neharika sharma

Contributor-Level 10

a week ago

There are some key parameters that we should keep in mind before choosing any University, like, faculty, placements, international exposure, curriculum, alumni of that university. One of my known is in Lovely Professional University in the same course. Reviews are pretty good. But you need to be ...There are some key parameters that we should keep in mind before choosing any University, like, faculty, placements, international exposure, curriculum, alumni of that university. One of my known is in Lovely Professional University in the same course. Reviews are pretty good. But you need to be wise. Take your decision by yourself. Few points told by my known who did her studies from LPU that will help you to make your decision:
The Programme is a judicious mix of conventional economics courses and modern day analytical tools on data analysis. The programme consist of the innovative pedagogy and academics -industry interface. Lovely professional University focuses on providing the practical as well as industrial knowledge to students. The programme has the unique features that make LPU best for study. Student may be given an option to go for 4 weeks study tour to USA/ European countries or any other country as decided by the University subject to conditions. The programme course to build about contemporary issues and challenges in the global economy. The programme provides exposure to data analysis using statistical software like SPSS, MS-Excel etc. The programme offer communication and soft skills courses to enhance personality and employability. Industry certifications, MOOCs, Hackathons / Co-curricular Competitive events, Workshops, Guest lectures, Educational Trips, Live projects, Incubation projects, Community projects, projects with NGOs etc. Are an integral part of the curriculum of the programme. Here in this course, you will get to know the practical implications of economics. Teachers are well trained and with a research-oriented mindset. University is providing them education by taking research in its mindset because in future they are going to be great researchers and economists. And coming to the placement, students are getting placed in top firms of India on a lucrative package that is totally worth it. They give you a very good amount of training before you go into campus placements.

29049309
Vishal Singh

Guide-Level 12

2 weeks ago

Dear Virat, LPU is the renowned India's the largest University which offers more than 250 programmes and Economics is one among them. LPU offers B.Sc. ( Hons) Economics which is a mixture of conventional economics courses and modern-day analytical tools. There are key points that are worth to be ...Dear Virat, LPU is the renowned India's the largest University which offers more than 250 programmes and Economics is one among them. LPU offers B.Sc. ( Hons) Economics which is a mixture of conventional economics courses and modern-day analytical tools. There are key points that are worth to be highlighted:
1. Keeping in mind the changing economic scenario, this programme is capable of opening new opportunities especially for the students who wish to pursue a higher degree in the field of economics as it includes the subjects of economics starting from basics to the advanced one including the course on econometrics which is high in demand.
2. Education is imparted under semester system and or improved learning, emphasis is laid on Seminars and Case-Based Teaching. More exposure to the students is given by allotting application-oriented assignments and community development projects.
3. Nowadays, the knowledge of statistical tools and their applicability is highly required by big industries. This demand is fully kept in the mind when curriculum for the programme is designed. LPU provides the students with the following options:
a. Core and Elective Courses
b. Language and Communication Skills
c. Open Minors
d. Workshops and Seminar Courses
4. Last but not least, Pathways are also floated which actually assist the student to achieve his/her dream. Three pathways such as Corporate Jobs, Government Jobs and Higher Studies are offered to the student in the fourth term so that after going through the core courses students can concentrate on the pathways. More emphasis and hands-on training through a workshop on SPSS, Data Analysis, Excel Modelling, Computer Applications, etc.
5. LPU provides International Exposure and Credit Transfer option to interested students to opt for the semester, year or summer school in the countries like Canada, England, Australia and many more.
6. Companies such as Truelancer, Planetspark, WNS, Bank of Hodlers and many more have visited LPU to recruit the students at the package of 4 Lacks P. A
7. Salient Features
#Contemporary Issues: Courses to build awareness about contemporary issues and challenges in the global economy. #Software Skills: Exposure to data analysis using statistical software like SPSS, MS-Excel, etc. #Professional Enhancement: In addition to core curricula, the course offers subjects like communication and soft skills to enhance personality and employability. I hope this helps
Thanks!

A

Akshay Waghmare

2021-05-18 09:41:42

How is DEPARTMENT OF MANAGEMENT SCIENCES AND RESEARCH, G. S. COLLEGE OF COMMERCE AND ECONOMICS, NAGPUR? Is it better than Lexicon MILE?

Reply to Akshay Waghmare

A

Akanksha Shinde

Contributor-Level 10

a week ago

DEPARTMENT OF MANAGEMENT SCIENCES AND RESEARCH, G. S. COLLEGE OF COMMERCE AND ECONOMICS, NAGPUR offers a two year full time post graduate programme in management. It is affiliated to the RTM Nagpur University, Nagpur and recognised by the Government of Maharashtra and AICTE, New Delhi. Lexicon MI...DEPARTMENT OF MANAGEMENT SCIENCES AND RESEARCH, G. S. COLLEGE OF COMMERCE AND ECONOMICS, NAGPUR offers a two year full time post graduate programme in management. It is affiliated to the RTM Nagpur University, Nagpur and recognised by the Government of Maharashtra and AICTE, New Delhi. Lexicon MILE is one of the emerging colleges in the country. Lexicon MILE is recognised as Best Private Institute' 2020 by CEGR. It is the Best Management Institute for Placements 2020 by the National Board of Accreditation (NBA). It ranks 11th among Private Institutes and Ranked 20 among top 100 Management Institutes by Times B School rankings.

A

Akshay Waghmare

2021-05-06 10:40:50

What is Importance of Environmental Economics?

Reply to Akshay Waghmare

A

Akanksha Shinde

Contributor-Level 10

2 weeks ago

Economics is the study of the allocation of resources, including the functioning of markets and how incentives affect businesses and institutional behaviour. Environmental and natural resource economics is the application of principles of economics to study how these resources are managed and dev...Economics is the study of the allocation of resources, including the functioning of markets and how incentives affect businesses and institutional behaviour. Environmental and natural resource economics is the application of principles of economics to study how these resources are managed and developed. Environment Protection Agency uses economic analyses to improve the effectiveness of environmental policies. Environmental economics is distinguished from ecological economics that is a subsystem of the ecosystem with its eyes on the preservation of the natural capital. The survey of German Economists showed that environmental economics and ecology are different schools of economics. While ecological economists emphasize strong sustainability and reject the proposition that physical capital can be a substitute for natural capital. Market failure One example of market failure is air pollution, as the factory is imposing an external cost on the community in a negative way. Market failure refers to the failure of markets to efficiently allocate resources. According to Hanley, Shogren, and White, a market failure happens when the market is unable to allocate scarce resources to generate social welfare. A wedge exists between what a person does give market prices, and what society wants him to do for the environment. This wedge implies economic inefficiency. Common types of market failures are externalities, non-excludability, etc. Externality An externality is when a person makes a choice that affects other people in a manner that the market price has not accounted for. An externality can be negative or positive but is usually negative in environmental economics. For instance, water seepage in buildings occurring in upper floors affects the lower floors as well. Another example, the sale of timber does not consider the amount of carbon dioxide that is released in the cutting. An externality is a situation in which the economy lacks enough incentives to create a potential market. In economic terms, externalities are market failures in which the market does not lead to an efficient outcome. Lexicon MILE teaches about this.

s

srishty

2021-05-08 21:55:25

Good evening. My subject combination is Commerce, Accounts, Business Studies, Economics and English so which subject honors will be.

Reply to srishty

31943637
UMESH KUMAR KESWANI

Contributor-Level 6

3 weeks ago

Please elaborate your question. Thanks.

Z

Zainab Ahmed Khan

2021-04-15 11:17:26

My subjects for class 12 are Maths economics, sociology and geography. What shall I do after 12th?

Reply to Zainab Ahmed Khan

D

Dinesh upadhyay

Guide-Level 12

a month ago

Few suitable option could be -- Integrated MBA from IIM or similar reputed universities- B.A. LL.B- B.A- B.A. ( Correct subject combination) ( 1 suitable combination could be Economics, Geography, English)These are three suitable courses but you should be clear with your goal from day 1 ( what is...Few suitable option could be -
- Integrated MBA from IIM or similar reputed universities
- B.A. LL.B
- B.A
- B.A. ( Correct subject combination) ( 1 suitable combination could be Economics, Geography, English)
These are three suitable courses but you should be clear with your goal from day 1 ( what is final goal after completion of these courses). Best wishes.

G

Gargi soni

2021-03-23 16:05:44

How do I pass the NET with economics?

Reply to Gargi soni

T

Trisha Bajaj

Beginner-Level 4

2 months ago

Hi, UGC NET exam preparation tipsAnalyze the syllabus and previous year's question papers. This gives you a hint from where the questions are coming and what type of questions are asked from a particular topic. Important topics for EconomicsMicro and Macro Economics: This section is easier to und...Hi, UGC NET exam preparation tips
Analyze the syllabus and previous year's question papers. This gives you a hint from where the questions are coming and what type of questions are asked from a particular topic. Important topics for Economics
Micro and Macro Economics: This section is easier to understand and at least 5 questions are expected from this section. Students should focus on sections from this part because it's easily confused with econometrics and other topics. Demand and supply theory, growth theories, Keynesian and post-Keynesian approaches are some important topics in this section and every year questions have been asked from these particular theories. Public Finance: The important topics to study in this section are tax, revenue, credit, etc. The focus should be given on current affairs from these topics. International Economics: The most important thing in this topic is memorizing facts, dates, and numbers. Questions are frequently framed on facts and numbers. Money and banking: For preparing this topic candidates can take help from course materials of various bank examinations. Popular government policies and tax structure, Monetary theories, and exchange rates should be studied. Statistics: The most important topics are Sampling, a theory of probability, correlation, and regression. Questions based on both calculation and theory from this topic are easy. Candidates can expect 4-5 questions from this section in the paper. Econometrics: For some people, this subject seems to be sort of tougher. The key to scoring is looking out for previous year's questions. Indian Economics: This is probably the most length topic of this subject. You really need to work hard for this as all past, present and future development process have to be studied properly. Solve a greater number of questions in order to score higher in exams. Once you are done with the books from your post-graduation, you can also refer to some more study material such as
Arihant's / Truemans for UGC NET Economics: Read and solve MCQs
10 years question papers should be solved and revised thoroughly. Pratiyogita Darpan: Very important for preparing current affairs. Mag book: For current and old facts. Thank you!

S

Srinivasan Ramkumar

2021-03-05 09:37:18

I am studying B.Sc. Actuarial Science. What is the procedure to join M.A. Actuarial Economics? Shall I attend any entrance exam?

Reply to Srinivasan Ramkumar

29459489
pradeep kumar

Scholar-Level 18

2 months ago

The eligibility criteria of M.A. Actuarial Economics of MSE are given below. Eligibility: Any graduate of a recognized University with a minimum of 55% marks for the General category, 50% for OBC Non-Creamy Layer, and 45% for SC/ST/PWD candidates and had studied Mathematics or its equivalent at p...The eligibility criteria of M.A. Actuarial Economics of MSE are given below. Eligibility: Any graduate of a recognized University with a minimum of 55% marks for the General category, 50% for OBC Non-Creamy Layer, and 45% for SC/ST/PWD candidates and had studied Mathematics or its equivalent at plus two levels. Entrance exam: CUCET
So from above you have to apply and appear in the CUCET exam.

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