BA Economics

Track Production and Welfare Growth with a BA in Economics

About

A Bachelor of Arts (BA) in Economics is a degree program that lasts for three years and teaches students about economic principles and theories. It covers two main areas: microeconomics, which looks at individual economic agents like consumers and firms and macroeconomics, which examines the economy as a whole, considering things like inflation and unemployment.

The course also includes learning about econometrics, a branch of economics that uses statistical methods to analyse economic data and test hypotheses. In addition to the core subjects, students can choose to specialise in fields like environmental economics, financial economics or international economics.

Throughout the course, students have opportunities to work on practical projects, case studies and internships, which help them apply their knowledge to real-world situations. This hands-on experience helps them better understand how economic principles are used in various industries and organisations.

After completing the degree, graduates have many career options in fields such as finance, banking, consulting, government, policy analysis, market research and international development. Some students may decide to pursue further education at the graduate level, focusing on specific areas of economics or related fields like public policy, business administration or law. 

Subject

The core subjects of a Bachelor of Arts (BA) in Economics typically include:

  • Microeconomics
  • Macroeconomics
  • Econometrics
  • Economic Theory
  • International Economics
  • Development Economics
  • Financial Economics
  • Public Economics
  • Environmental Economics
  • Behavioural Economics

The above-mentioned core subjects provide students with a comprehensive understanding of economic principles and their real-world applications, preparing them for diverse career opportunities and further studies in economics or related fields.

Practical Learning

In a BA Economics program, practical learning gives students chances to use what they learn in real-life situations, do research and develop valuable skills that are in demand in many industries and organisations.

  • Case Studies
  • Research Projects
  • Internships
  • Data Analysis
  • Simulations
  • Group Projects
  • Policy Analysis
  • Industry Guest Speakers
  • Economic Seminars and Workshops
  • Consulting Projects

By combining theoretical knowledge with practical experiences, a BA in Economics equips students with critical thinking skills, data analysis capabilities and a deep understanding of economic principles.

Course Curriculum

The course curriculum for a Bachelor's degree in Economics (BA Economics) can vary depending on the university and the specific program. 

First Year 

  • Principles of Microeconomics
  • Principles of Macroeconomics
  • Mathematics for Economics
  • Introduction to Statistics 
  • Introduction to Econometrics 
  • Economic History 
  • Business Economics  

Second Year 

  • Intermediate Microeconomics
  • Intermediate Macroeconomics
  • Economic Development
  • International Economics
  • Public Finance
  • Money and Banking
  • Elective Subjects such as environmental economics, health economics, labour economics or industrial organisation.

Third Year 

  • Economics of Policy Issues
  • Research Methods in Economics
  • Economic Theory and Application
  • Economics Project or Dissertation
  • Internship 
  • Seminars  

 

 

Top Institutes

India has a plethora of educational institutes that offer BA Economics, but choosing the right economics college is an important decision for students who want to pursue a career in the field of economics. Here are some of the top institutes in India listed as given below: 

  • Lady Shri Ram College For Women–Delhi University, New Delhi 
  • Loyola College, Chennai 
  • Amity University, Uttar Pradesh  
  • Madras Christian College, Chennai 
  • Madras School of Economics, Chennai 
  • Hindu College, New Delhi 

The above-listed colleges and universities are renowned for their quality education, experienced faculty and strong ac

Career Growth

A Bachelor's degree in Economics (BA in Economics) can provide a strong foundation for a variety of career paths. The field of economics is diverse and offers numerous opportunities for career growth. Here are some potential career paths and ways to advance in the field of economics:

  • Pursue further education
  • Gain experience
  • Develop analytical and technical skills
  • Stay updated
  • Join professional associations

Furthermore, it is advised that students must learn trending skills, explore new areas and seek opportunities to advance in their chosen career path.

 

Scope

A Bachelor's degree in Economics (BA Economics) offers a wide range of career opportunities due to the versatility and practical applicability of economic knowledge. Here are some of the key areas of scope for BA Economics graduates:

  • Government and Public Policy
  • Banking and Finance
  • Economic Research
  • Consulting 
  • Market Research 
  • International Organisations 
  • Non-profit and NGOs
  • Data Analysis and Analytics 
  • Academia and Research 
  • Entrepreneurship 

Additionally, economics plays a crucial role in shaping public policy, understanding business strategies, predicting market trends and addressing societal challenges. 

 

Pros & Cons

Pros of pursuing a Bachelor of Arts (BA) in Economics:

  • Practical Application
  • Career Opportunities
  • Understanding Global Issues
  • Potential for High Earning
  • Preparing for Postgraduate Studies 

Cons of pursuing a Bachelor of Arts (BA) in Economics:

  • Challenging Mathematics
  • Economic Uncertainty
  • Limited Focus
  • Policy Impact
  • Interdisciplinary Demand
  • Job Market Competition