B.A. Honours (Economics)
Economics is all about making choices,” and so, is closely associated with our day-to-day life like Mathematics and Science. However, in a deeper sense, economics gives us an insight of global issues of inflation, resource management, supply and demand behaviour of a product, and a lot more.
Being one of the most sought-after career options after 12th, it encompasses various myths, like economics students study only about money, the subject is boring and stagnant, economics students get preference over B.Com students, and the last but not the least economics students have a lot of high paying jobs in their bag. Economics is among the most preferred subjects amidst the students. Also, the course suits the best to the students who have a flair for quantitative aptitude, statistics, and skills of memorization & logical thinking as; the subject is overly stuffed with facts and figures.
Getting admission in Economics Honours is quite difficult, still, a significant number of students enrol for this course every year.
Bachelor of Arts (B.A) Honours in Economics is a 3-year full time graduation course. The eligibility for which is a Higher Secondary Certificate qualification from a recognized board with a minimum aggregate marks of 45% .The entire course program is spread across 3 years which is divided into 6 semesters of 6 months each. The cut-off marks for application in this course varies from institute to institute. In various recognized universities, there are entrance tests followed by an interview to judge the eligibility of the candidate seeking admission.
The course is best-suited for students who are seeking to build a career in the economics field. This will be helpful in prospective career programs such as MBA and the likes to build oneself as an entrepreneur with the detailed knowledge of the economy and how it runs. It is the social science which analyses the economy as a whole and its production, consumption, distribution of different goods and services. A BA honours in Economics takes into consideration the detailed study of both the macro and micro aspects of economics.
The course covers the definition, scope, limitations, concepts, utility, production, market, and other major/minor aspects of economics. It teaches them to not only learn in detail but to also scrutinize and analyse the different aspects based on which an economy runs. The course is not limited to the Indian economy and covers international economies as well, providing it a global scope when it comes to career opportunities.
B.A. honours in Economics studies the definitions, scope, limitations, markets, consumers, producers, and distribution of goods and services within an economy. Along with macro, the micro aspects of an economy are also taken into consideration. The students develop analytical and problem-solving skills. As a result, it prepares them for different commerce and banking-related jobs. They may also become entrepreneurs running their business with the knowledge of production, consumption, and distribution in the economy.
A very important aspect of the course is the inclusion of the environmental aspects of economics and its impacts on the environment, which is extremely crucial in the present times. Since the course concentrates on the foundations of economics, it is extremely helpful in building the perfect base for future studies of the subject.
The students can also seek further studies in the field and can pursue M.A. in Economics or MBA
Some Institutes/Colleges offering Course
- Shri Ram College Of Commerce (SRCC)
- Lady Shri Ram College For Women, New Delhi
- St. Xavier’s College, Kolkata
- Loyola College, Chennai
- Hindu College, New Delhi
- St. Xavier’s College, Mumbai
- Christ (Deemed To Be University), Bengaluru
- Hansraj College, New Delhi
- St. Stephen’s College, New Delhi
- Jesus And Mary College, New Delhi
- Presidency College, Chennai
- Presidency College, Kolkata
- Kirori Mal College, New Delhi
- Madras Christian College, Chennai
- Ramjas College, New Delhi
- Sri Venkateswara College, New Delhi
- Shri Narsee Monjee College Of Commerce And Economics, Mumbai
- Delhi College Of Arts And Commerce, New Delhi
- Stella Maris College, Chennai
- Mount Carmel College, Bangalore And Many More…
Job after Economics Honours
- Government Jobs
- Business Economist
- Building Economist
- Business Analyst
- Phd And Research
- Food Economist
- Financial Economist
- Natural Resource Economist
- Market / Business Consultant
- Economic Journalism
- Agricultural Economist
- Federal Economist
- Health And Safety Economist
- Tourism Economist
- Law Economist
- International Trade Analyst
- Banking And Financial Services
- Educational/ Academic Economist
- Environmental Economist
- Market Analyst
Average Salary Package : 4 - 5 lacks
BBE - B.A. (Hons) Business Economics
BA (Hons.) in Business Economics is a three year undergraduate degree course which offers a mix of intellectual growth and corporate exposure with an inherent affiliation to developing world class professionals. It is designed to create a strong orientation towards application of economics and related tools at various functions of an enterprise. This Course is concerned with economic issues and problems related to business organization, management, and strategy. It is a field in applied economics which uses economic theory and quantitative methods to analyse business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets.
B.B.E. is an applied course of Economics. The subjects like Industrial Economics and Environmental Economics that are taught are quite unique. The course content makes it very attractive to the industry. There are good job prospects for those who do this course. Also, BBE and MBA and BBE and M.A. (Economics) are good combinations.
Some Institutes/Colleges offering Course
- Sri Guru Gobind Singh College of Commerce, Delhi University
- Sri Guru Tegh Bahadur Khalsa College, Delhi University
- College of Vocational Studies, Delhi University
- Gargi College (W), Delhi University
- Maharaja Agrasen College, Delhi University
- Aryabhatta College, Delhi University
- BR Ambedkar College, Delhi University
- Lakshmibai College (W), Delhi University
- Shivaji College, Delhi University
- Sri Guru Nanak Dev Khalsa College, Delhi University
Job after BBE
- Advertising agencies
- Investment Institutions
- Insurance Companies
- Consulting Firms
- Corporate Planning & Budgeting
- Market Research
- Asset Management
- Financial Institutions
- Industrial Researc
- Sales Department etc.
- Marketing Institutions
- Mergers and Acquisitions
Average Salary Package : 4 lacks
BBE or BA Economics
It actually does not matter which type of economics course you do for your graduation. Graduation is just a foundation of any subject and therefore the real thing lies in the post-graduation.
If you would like to really become an economist and work in the economics related department in corporate sector like in banks, financial institutions, mutual funds, etc. then I would suggest considering the latest advanced knowledge, for BBE course instead of BA Economics.
BBE course is relatively a new course as compared to Economics Honours. Business Economics syllabus is a new thing in the education sector and BA Economics syllabus has become little out dated.
BBE may be likely to give you that enhanced focus and vision towards business environment more than the BA Economic course syllabus. BBE is industry specific course and offers study of industry along with macro and micro economics whereas BA Economics Honours focuses on country’s economy rather than economics of industry. The curriculum of BBE course is a combination of management studies and economics and mainly focuses on corporations. BBE clarifies the basic fundamental understanding of economics as a subject it is a lot more mathematical and includes subjects such as econometrics. BBE course is more practical than theoretical.
However both the courses have great scope but Economics Honours being the old course has more popularity and acceptance.