Indian Institute Of Correspondence Education BA in Economics Admission 2024-25, Placements, Eligibility, Preparation

Mumbai, Maharashtra
Estd
Self-Financed College
66

BA in Economics Course Full Detail 2024-25

Overview

BA in Economics About

Bachelor of Arts in Economics or BA Economics subjects are centred on the foundation course topics like: microeconomics, macroeconomics, econometrics, and mathematical economics. It is through these core subjects that students develop essential skills of quantitative ability and critical thinking. In addition, the BA in Economics course also includes connected specialised subjects like public economics, finance markets, development and international trade, which can help the students to custom fit according to their career goals and aspirations. Students through taking the BA Economics as a course learn data literacy and critical thinking, which include advanced analytical skills. Such skills put students on the path to well-paid, professionally challenging careers. A diverse range of economics skills are in high demand by organisations engaged in fields such as public policy, management consulting, statistics analysis, journalism, finance, and entrepreneurship. Such employers recruit those who have received a well-balanced education in both theory and data analysis. As the digital platform in sectors such as e-commerce, digital finance, and data analytics, are increasing, the Indian economics graduates have multiple career opportunities to explore. Their elixir of statistical, logical, and economic thinking techniques is crucial in these new tech-focused positions.

BA in Economics Course Highlights

Course Name	Bachelor of Arts in Economics
Course Type	Degree
Course Duration	Three Years
Eligibility Criteria	10+2
Application Process	online and offline mode
Admission Process	Merit or Entrance Exam Based
Fee Structure	Updated Soon

BA in Economics Duration

The Bachelor of Arts in Economics course duration is three years.

BA in Economics Eligibility Criteria

Candidates need to complete their 10+2 examinations with Arts/Humanities or related streams with a minimum of 50% for the general category and 45% marks for reserved category students. Students must clear the entrance examinations such as CUET, SUAT, etc. There is no minimum age limit to enroll for the course.

Why Study BA in Economics?

Versatile Career Options: An economics degree allows you to pursue jobs in various industries and dimensions. It opens the door to a broad range of roles. An economist has the opportunity of working in industries such as business, government sectors, academics as well as private industrial settings.

Strong Foundational Knowledge: Owing to the versatility and wide range of areas an economics degree covers, it can prove to be the foundation for many highly reputed jobs. The economics syllabus helps you get an in-depth understanding of finance, markets and resource management.

Challenges: The subject of economics will require you to pursue thought provoking activities in your coursework and push you to employ critical thinking skills. During the course, you will face a lot of challenges that will enhance your understanding of world economics and how it influences many global aspects of the business.

BA in Economics How to Apply

Visit the official website of the institute offering the course.
Download the application form from the website.
Fill in the application form with the required details.
Attach the necessary documents, such as academic records, portfolio, and photographs.
Pay the application fee (if applicable).
Submit the application form either online or in person.

BA in Economics Entrance Exam

CUET
NPAT
PUCET

BA in Economics Admission Process

Step 1: The candidate must fill out the application form for respective colleges available either online or offline.
Step 2: As required by the college, students must clear entrance exams to be accepted into the course.
Step 3: Further, candidates need to sit for the counseling process for seat allocation if required.
Step 4: Once the merit list is published, students must then submit valid documents for verification and pay the admission fees.

BA in Economics Top Colleges

Loyola College, Chennai
St Xavier's College, Ahmedabad
PSG College of Arts and Science, Coimbatore
Presidency College, Chennai
Farook College, Kozhikode
PSGR Krishnammal College for Women, Coimbatore
Government Arts College, Coimbatore
St Thomas College, Thrissur
St Teresa's College, Ernakulam
Maharaja's College, Ernakulam

BA in Economics Selection Process

The selection process for a Bachelor of Arts (BA) in Economics typically involves several key components aimed at identifying candidates with the aptitude, passion, and academic background suited for the program. Firstly, prospective students often submit their academic transcripts, which provide insight into their previous academic performance and competency in relevant subjects such as mathematics, statistics, and social sciences. Additionally, many institutions require applicants to write a personal statement or essay outlining their interest in economics, career goals, and reasons for pursuing the degree. This allows admissions committees to gauge applicants' motivations and potential contributions to the program.

BA in Economics Syllabus

BA in Economics Career Opportunities

B.A. Economics is a Bachelor Level course in Economics. This course contains areas such as definition, production, market, monopoly, scope, concepts, nature, utility and other minor or major aspects of Economics. After completing the course candidate go for various commerce and banking related jobs. Those who want to join government services after the course Indian Economic Service and Reserve Bank of India are excellent options. Social science that analyzes the distribution, consumption, production and of goods and services.

Various Types of Jobs after B.A. Economics

Various Areas for Jobs after B.A. Economics

Bachelor of Arts in Economics

STREAM
Arts

DURATION
3 Years

COURSE MODE
Semester

COURSE TYPE
Bachelor Degree Courses

ELIGIBILITY
12th Any Streams with 50% marks From a Recognized Board

Similar Courses
Arts
B.Sc.
BA
M.Sc.
MA

ADMISSION 2024-25

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BA in Economics: Subjects of Study (Syllabus)

Paper Code	Subjects of Study
1	Evolution and definition of Economics, Nature & Scope of Economics. Methods of Economics Analysis, Inductive & Deductive Logic, Merit and Demerits.
2	Basic Concepts: Utility Demand, Supply, Commodity and their types, Value and Price, Market, Administered and Non- Administered Prices. Demand Supply equilibrium.
3	Utility: Cardinal (Marshal) and Ordinal Utility Approaches to Demand. Indifference Curve: Consumer equilibrium (Hichs & Slutsky) Price, Income and Substitution effects. Derivation of Demand Curve.
4	Elasticity of Demand, Price, Income and Cross elasticity, Consumer Surplus and its measurement.
5	Production: Factors of Production and their Characteristics; Laws of Production Returns to Factor and Return to Scale, Law of Variable Proportion. Isoquants Nature and their Characteristics, Producers equilibrium.
6	Economies of Scale, Deferent Concepts of Costs Explicit & Implicit, Accounting, Opportunity, Total fixed and Variable Costs, Marginal & Average Costs & its Relationship. Concept of Revenue Total, Marginal & Average Revenue and Break Even Point g.
7	Market: Concept and Classification, Perfect Competition Characteristics, Price and Output Determination for Firm and Industry, Market Equilibrium.
8	Monopoly: Characteristics and Price- Output Determination, Price Discrimination. Monopolistic Competition: Characteristics Price- Output Determination.
9	Factor Pricing: Theory of Marginal Productivity of Distribution. Concept of Adding up Theorem. Theories of Wages and Rent: Classical and Modern.
10	Interest: Concept, Classical and Keynesian Theories of Interest. Profit: Net and Gross. Theories of Profit.
11	Structure of Indian Economy - Primary, Secondary & Tertiary Sectors. Basic features: Natural Resources, Land, Water, Forest and Mineral Resources.
12	Demographic Features (As per Census 2001): Population, Size, Sex, Rural- Urban Classification, Population Distribution, Recent National Population Policy.
13	Agriculture: Nature and Importance. Land Use Pattern. Trends in agriculture Production and Productivity, Cropping Pattern.
14	Land Reforms: Green Revolution, Rural Credit, Agricultural Marketing, Mechanization.
15	Small Scale and Cottage Industries- Meaning, Importance and Problems. Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles.
16	Infrastructure of Indian Economy: Irrigation, Power, Transport, Communication, Banking and Insurance.
17	Human Infrastructure of Indian Economy- Health, Nutrition, Education, Knowledge and Skills, Housing and Sanitation.
18	Planning in India- Objectives, Types of Planning, Strategy, Achievement & Failures, Analysis of Current Five Year Plan.
19	Basic Features of M.P. Economy- Land, land Utilization Pattern, Natural Resources- Forest, Water & Mineral. Agro-Climatic Zones. Demographic Features of M.P.
20	Agricultural Situation in M.P. Economy: Cropping Pattern, Production and Productivity of Main Corps, Green Revolution, Sources of Credit in Agriculture, Irrigation. Main Courses of backwardness Agriculture in M.P.
21	Macro Variables- Stock and Flow, Circular Flow of income in closed and Open Economy. Concept of National Income- GDP, GNP. Measurement of National Income and Social Accounting in India. National Income and Economic Welfare.
22	Classical Theory of Employment- Says Law of Market, Keynesian Theory of Employment- Aggregate Demand and Supply Functions, Effective Demand.
23	Consumption Function, Factor Affecting Consumption, Average and Marginal propensities to consume, Simple Investment and Govt. Expenditure Multiplier and Leakages of Multiplier.
24	Saving Function & Sources of Saving Mobilization: Investment Function and (MEC) Marginal Efficiency of Capital, Factors Affecting, and Capital Formation. Concept of Accelerator.
25	Theories of Interest- Classical (Abstinence & Waiting) Neo Classical Theory, Keynesian Theory of Liquidity Preference, Liquidity Trap.
26	Public Finance and Public Economics: Meaning, Nature and Scope. Meaning and Nature of Public, Private and Merits Goods, Market and State- Role and Functions. Principle of Maximum Social Advantage.
27	Sources of Revenue- Taxes, Loans, Grants and Aid- Meaning and Types, Canons of Taxation.
28	Principles of Public Expenditure, Principles of Public Debt and Methods of Redaction; Wagener’s Law- Increasing Activities. Effects of Public Expenditure on Production and Distribution.
29	Public Finance in India: Sources of Revenue of Central and State Government, Concept and Types of Budget, Fiscal Deficit, Deficit Financing and Deficit Budget.
30	Constitution and Function of Finance Commission, Recommendation of Latest Finance Commission, Latest Budget of Central and M.P. Government
31	Money- Meaning, Functions and Classification, Stock of Money and its Measures- M1, M2, M3, M4, Quantity Theory of Money- Cash Transaction and Cash Balance Approaches.
32	Inflation, Deflation and Recession- Definition, Causes and Effects on different Segments of population and sectors of the Economy. Types- Demand Pull and Cost Push Inflation. Measure to Control Inflation, Deflation and Recession.
33	Bank- Meaning and Types. Central Bank and its Function with Reference to R.B.I. Credit Control- Qualitative and Quantitative Methods. Objectives and Limitations of Monetary Policy.
34	Functions of Commercial Bank- Meaning and Methods of Credit Creation, Recent Reforms in Banking Sectors and Cheap Money Policy.
35	Money Market and its Instrument, Defects of Money Market in India. Role of Private Banking in India.
36	Development & Economic Growth Economic growth and Development- Meaning, Factor’s of Development and Growth-Economic Capital, Physical and Human, Research and Development & Technology. Basic characteristics of Developing countries.
37	Human Resource and Development Role & Importance of Human Resource Development. Factor’s of HRD, Human Development Index, Concept of stable population and Transition towards it.
38	Theories of Development and Growth. Theories of Development- Classical Schumpeter, Rostow, Gunnar Mrydel, Harshman.
39	Growth Models Growth models- Harrod Domer, Mahalonabis, and Balanced Vs Unbalanced Growth Concepts of Regional Development.
40	Basic Infrastructure as pre-condition of Growth: Power, Transport, Communication Banking and governance.
41	Basic Concepts and Linear Algebra Concept of variable, Parameter, constant and variable functional equations, Identities and inequalities, Meaning and solution of an equation. System of simultaneous linear equation and their solution.
42	Descriptive Statistics Basic concepts, Population, Sample, Parameter, Frequency distribution, Cumulative frequency graphical representation of Data, Techniques of data collection, Sampling vs. Population, Primary and secondary data.
43	Measures of Central Tendencies Measures of central tendencies- Mean, Median, Mode, Geometric Mean and Harmonic Mean, Measures of dispersion: Range, Mean deviation, Standard deviation, Co-efficient of variation, Quartile Deviation.
44	Correlation Karl Prearson’s Co-efficient of Correlation, and Spearman’s Rank Correlation Association of Attributes.
45	Regression analysis, fitting a Bi-variate regression equation, Interpretation of Slope, Co-efficient of regression. Use and Application of Regression.
46	Sectoral Development-Agriculture Role and Importance of Agriculture in Indian Economy. Factors of Agricultural Development, Green Revolution. Poverty and Unemployment in India.
47	Sectoral Development- Industry and Import Export Role and Importance of Industrialization, Organized- Large and Small & Internal Domestic Industries. Import Substitution and export-Let Growth Strategy.
48	Planning vs. Market Dreven Economic Development. Economic Reforms in India, Privatization, Liberalization and Globalization.
49	Environment & Development Environmental implication of Development renewable and non renewable resources. Limits to growth and sustainable development.
50	Environmental Degradation and Development Evaluation of Environmental damages (Land, Water, Air & Forest) & its impact on quality of life and economy.
51	Time Series, Time Series analysis- Concept and components Additive and Multiplicative, Algorithm of Decomposition of Time Series, Methods of moving Averages.
52	Index Numbers- Concept, Laspeyer’s, Paasche’s and Fisher’s Index numbers, Problems in the construction of Index numbers and their limitations.
53	Probabilities: Concept, Rules of Probability (Addition and Multiplication) Conditional Probability, Binomial- Distribution.
54	Concept and Definition of Research Selection of Research Problems, Problems in Research in Social Sciences Types of Research.
55	Hypothesis- Meaning & Types, Research Report Writing, Sources of Primary and Secondary Data, Development of Questionnaire and schedule. Characteristics of Good Questionnaire.