Bachelor of Economics (BE) - Course, Eligibility, Admission, Syllabus, Scope & Career Growth

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Bachelor of Economics (BE) - Course, Eligibility, Admission, Syllabus, Scope & Career Growth

Bachelor of Economics (BE) - Course, Eligibility, Admission, Syllabus, Scope & Career Growth

#BE

Team Careers360Updated on 05 Apr 2023, 11:36 AM IST

What is Bachelor of Economics (BE)?

Economists study the world through analysis of decision-making in homes, businesses, and the wider community. They check the details and put the pieces together, constantly striving to understand the 'big picture'. Armed with this information, economists can provide expert advice on business strategy, understand the background of issues, influence the policy of a better world society, and provide informed personal financial decisions.

Bachelor of Economics lets students understand and shape the economic future. They will learn how to break down complex issues into unanswered questions, discover advanced techniques for analyzing and managing information, learn how statistics are used in economics, explore issues related to the growth and resilience of the entire economic system, investigate social issues such as inequality, real-estate, environmental management and the destruction of natural resources.

Advantages of Bachelor of Economics

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Types of Bachelor of Economics

Bachelor of Economics is a degree available for a student who wants to learn about various economic concepts right after completing his or her 10+2. The degree is three years long in duration wherein a student is taught about different economic concepts in detail.

When it comes to a Bachelor of Economics degree, there are several types of them that students can pursue. Economists are an essential part of society and they plan in order to have proper growth and development of the country.

Several types of degrees available are:

B.A. in Economics- It stands for Bachelor of Arts in Economics. B.A. in Economics is a three-year-long undergraduate course with quantitative and quantitative methods in Social Science. The course actually involves researching the fundamentals related to improving the overall profitability of the organisation in different ways and strategies. The main subjects discussed in the curriculum are Micro-Economics, Macroeconomics, including topics like fiscal policies, GDP, national profit, and so on and so forth.

B.Com. in Economics- B.com in economics stands for Bachelor of Commerce in Economics. B.Com Economics is an undergraduate course that trains a student to analyse the process of economics. The duration of the B.Com Economics course is three years which covers practical and quantitative studies. The B.Com Economics syllabus focuses on building a sense of business for eligible students to become proficient in fields such as accounting and organizational operations, which students can choose to pursue one of several options. B.Com Economics basic admission eligibility for the study is passing on a 10 + 2 exam from any recognised board of education.

B.Sc. in Economics- It stands for Bachelor of Science in Economics. Bachelor of Science in Economics is a three-year full-time programme. Candidates who pass 10+2 or higher in the relevant disciplines from a reputable board are eligible to apply for this course. Admission to the program will be based on the student’s merit, like, candidate marks in the 10+2 exam. However, there are some colleges that offer admission to this program on the basis of admission tests.

Bachelor of Economics Eligibility

In order to be eligible for the various types of degree programmes available under the Bachelor of Economics programme one must meet the following requirements:

The Bachelor of Economics aspiring student must be 18 years of age by the end of the year of admission. There is no upper age limit set for admission in a B.E. degree course as of now.
An aspiring Bachelor of Economics candidate must complete his or her senior secondary education or 10+2 from a recognised board.
The candidate must score a minimum of 55 per cent marks in their 10+2 in order to be eligible to take admission in a B.E degree course.
A candidate wanting to pursue a B.E. degree course must have a commerce stream background in his or her 10+2 unless he or she wants to do a B.Sc. in Economics. Then one needs to have a science background.

Bachelor of Economics Admissions

The application forms for admission to the Bachelor of Economics or B.E programme are made available in the months of May and June every year as per Academics.

For admission, various colleges, as well as universities, grant merit-based admission to the Bachelor of Economics programme. Many universities conduct undergraduate entrance tests for admission to their honors programme in B.E. Universities that have provision for merit-based admission, the selection criteria is based on the cut-off percentage decided by that particular university. In various universities or colleges that provide admission on the basis of entrance examination about 60 per cent weightage is given to marks scored in the entrance exam and 40 per cent weightage is given to marks scored in 10+2.

Throughout the process, one can get admission to reputed universities on the selected courses in Bachelor of Economics. One could choose the college of his or her choice and follow the admission process accordingly.

Top B.E. Exams

Entrance examinations are one of the very crucial parts of the admission process in any economics programme. Some of the top entrance examinations conducted for admission to Bachelor of Economics programme are given below.

SET : Symbiosis Entrance Test or SET is a computer-based examination conducted by the Symbiosis School of Economics for admission to a Bachelor in Economics.

GIPE: Gokhale Institute of Politics and Economics conducts BSS admission test. The course of economics. It is an online trial of 100 questions that need to be completed in two hours.

NPAT: NPAT is an online survey conducted by NMIMS for students wishing to pursue their careers in Economics.

B.E. Courses

Three major types of courses available in the field of Bachelor of Economics are:

B.A. in Economics - It stands for Bachelor of Arts in Economics. B.A. in Economics is a three-year-long undergraduate course with quantitative and quantitative methods in social science. The course actually involves researching the fundamentals related to improving the overall profitability of the organisation in different ways and strategies. The main subjects discussed in the curriculum are Micro-Economics, Macroeconomics, including topics like fiscal policies, GDP, national profit, and so on and so forth.

B.Com. in Economics - B.com in economics stands for Bachelor of Commerce in Economics. B.Com Economics is an undergraduate course that trains a student to analyze the process of economics. The duration of the B.Com Economics course is three years which covers practical and quantitative studies. The B.Com Economics syllabus focuses on building a sense of business for eligible students to become proficient in fields such as accounting and organizational operations, which students can choose to pursue one of several options. B.Com Economics basic admission eligibility for the study is passing on a 10 + 2 exam from any recognised board of education.

B.Sc. in Economics - It stands for Bachelor of Science in Economics.

Bachelor of Science in Economics is a three-year full-time programme. Candidates who pass their 10+2 or higher in the relevant disciplines from a reputable board are eligible to apply for this course. Admission to the programme will be based on the student’s merit, like, candidate marks in the 10+2 exam. However, there are some colleges that offer admission to this program on the basis of admission tests.

B.E. Specializations

A specialization is a focused area of study that is attached to a specific major. It involves the study of specific coursework beyond major requirements.

A Bachelor of Economics degree course provides specialisations in various fields. Some of the popular areas of specialisation available for a B.E. degree course are as follows:

Agricultural economics
Contemporary economic issues
Crime economics
Health economics
Industrial economics
International economics
Managerial economics

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Bachelor of Economics Syllabus

B.E. Syllabus for 1st Year

Semester 1	Semester 2
Evolution and Definition of Economics	Economies of Scale
Nature & Scope of Economics	Different Concepts of Costs Explicit & Implicit
Methods of Economics Analysis	Accounting, Opportunity, Total Fixed and Variable Costs
Factors of Production and their Characteristics	Marginal & Average Costs & their Relationship
Consumer Surplus and its measurement.	Concept of Revenue
Price, Income and Cross Elasticity	Total, Marginal & Average Revenue
Elasticity of Demand	Break Even Point
Derivation of Demand Curve.	Concept and Classification
Price, Income and Substitution effects	Monopolistic Competition
Producers equilibrium	Market Equilibrium
Administered and Non- Administered Prices	Isoquants Nature and their Characteristics
Market	Profit: Net and Gross
Commodities and their types	Interest: Concept, Classical and Keynesian Theories of Interest
Value and Price	Theories of Profit.
Utility Demand, Supply	Theories of Wages and Rent: Classical and Modern.
Inductive & Deductive Logic, Merit and Demerits.	Concept of Adding up Theorem
Demand- Supply equilibrium.	Theory of Marginal Productivity of Distribution
Approaches to Demand	Factor Pricing
Cardinal (Marshal) and Ordinal Utility	Characteristics Price- Output Determination
Indifference Curve: Consumer equilibrium (Hichs & Slutsky)	Price Discrimination

B.E. Syllabus for 2nd Year

Semester 3	Semester 4
Rural Credit	Simple Investment
Land Reforms: Green Revolution	Macro Variables- Stock and Flow
Cropping Pattern	Concept of National Income- GDP, GNP
Trends in Agriculture Production and Productivity	Circular Flow of income
Land Use Pattern	Measurement of National Income and Social Accounting in India
Recent National Population Policy.	National Income and Economic Welfare
Population Distribution	Classical Theory of Employment
Population, Size, Sex, Rural-Urban Classification	Keynesian Theory of Employment
Demographic Features	Aggregate Demand and Supply Functions
Mineral Resources.	Consumption Function
Natural Resources, Land, Water, Forest	Effective Demand
Structure of Indian Economy - Primary, Secondary & Tertiary Sectors	Saving Function & Sources of Saving Mobilization
Agriculture: Nature and Importance	-
Agricultural Marketing	-
Mechanization	-
Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles	-

B.E. Syllabus for 3rd Year

Semester 5	Semester 6
Agricultural Situation in Economy	Public Finance and Public Economics
Infrastructure of the Indian Economy	Concept and Types of Budget
Irrigation, Power, Transport, Communication	Fiscal Deficit
Banking and Insurance.	Public Finance in India
Human Infrastructure of the Indian Economy	Effects of Public Expenditure on Production and Distribution.
Housing and Sanitation.	Wagener’s Law- Increasing Activities
Health, Nutrition, Education, Knowledge and Skills	Principles of Public Expenditure
Planning in India- Objectives, Types, Strategy	Principle of Maximum Social Advantage
Analysis of the Current Five-Year Plan	Market and State- Role and Functions
Economy- Land, land Utilization Pattern	Public, Private and Merits Goods
Natural Resources- Forest, Water & Mineral	Sources of Revenue- Taxes, Loans, Grants and Aids
Agro-Climatic Zones	Principles of Public Debt and Methods of Redaction
Production and Productivity of Main Corps,	-

B.E. Salary

The salary package of an individual who is pursuing B.E. (Bachelor of Economics) depends on various factors like the stream of specialisation, the college one is pursuing B.E. from, the firm he or she is going to work for and many more.

Bachelor of Economics Job Profile & Salary

Job Title	Average Annual Salary (Approx)
Financial Advisor	Rs. 4,00,000
Banker	Rs.8,00,000
Research Analyst	Rs. 4,81,000
Sales Analyst	Rs. 4,50,000
Subject Matter Expert	Rs. 5,80,000

Scope of B.E.

After a student has completed his or her education in a B.E. degree course he or she will have a wide scope in various fields of Bachelor of Economics.

A B.E. degree is the doorway to a wide variety of career opportunities. The scope depends on various factors like the degree of specialisation, the interest areas, and the chosen career path. Here are a few career options to begin with:

Economist.
Financial risk analyst
Financial planner
Accountant
Economic researcher
Financial consultant
Investment analyst

Currently, there’s a wide scope for individuals who pursue Bachelor of Economics in various research fields. Especially if he or she is in an esteemed college and is good at what one is pursuing, then the student is hired at a good pay package quite easily that too in big and reputed organisations.

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Careers Opportunities after B.E.

An individual who completed his/her degree in a Bachelor of Economics course can easily get a job in various fields.

Some of the professions are listed below:

Finance: The Economics curriculum uses financial and cognitive skills. If one feels that Finance and Banking is his or her thing, then the student can continue pursuing an MBA in Finance and Banking or MMA Finance or a Chartered Financial Analyst Certificate after graduation.

Indian Economic Services (IES): Applications for public services that are also blessed with Economics education may apply to IES. Economists in this field participate in the formulation and implementation of policy and development, without having to deal with other areas such as economic reform, law, price adjustment and monitoring.

The law: The combined knowledge of Economics and Law makes the student ideal for careers in business law, market research and public policy. After completing the degree in Economics, one can move forward with a three-year law degree if it suits the individual’s preference.

Management: The degree of economics associated with the M.B.A. opens doors to different fields of management, including sales, marketing, public relations, human resource management, operations, and several such opportunities. Students have a choice to be a part of this career choice after pursuing an Economics degree and it is an added advantage if he or she completes the M.B.A. as well.

Consultation: Many consulting firms hire Economics graduates as economic advisors to their firms. An economic advisor conducts research, prepares reports, and devises strategies for solving economic problems. Issues are closely related to the production and distribution of goods and services, and monetary and fiscal policy.

Lecturers: An economics graduate student can become a lecturer in the field of his or her specialization. But, first he or she needs to complete the post-graduation and in some cases, one may require to obtain a Ph.D. as well. Being in the field of academics is suitable for individuals who are passionate about teaching.

Frequently Asked Questions (FAQs)

Q: Does studying economics provide opportunities in government sectors?

Economics graduates can get prestigious jobs in the government sectors like Indian Economic Services, Indian Civil Services, Reserve Bank of India, National Sample Survey, Ministry of Economic Affairs, Planning Board, Planning Commission, National Council for Applied Economic Research and several other bodies.

Q: Is economics a good degree?

For any career related to finance, an economics degree is a good foundation to build on. Roles in data analysis such as an actuary, or an investment analyst, are typical careers for an economics graduate. For those who want a job directly related to economics, further study is recommended and one can pursue courses like M.B.A., M.A. in Economics or whichever degree suits the candidate’s preference.

Q: Is it hard to find a job with an economics degree?

Finding a job is dependent on several factors which are subjective in nature. But, for a candidate to land up in a reputed government institution right after his or her graduation is difficult. One must at least have a postgraduate degree for that.

Q: Can I major in economics if I am bad at math?

At an undergraduate level one can pursue economics without having to study much math. But, at the postgraduate level topics like calculus and linear algebra are extremely important. Other than that, one will have papers in statistics and econometrics. Therefore, at a higher level mathematics is important for economics.

Q: Which is a better degree B.Sc. or B.A. in Economics?

Both the degrees have their own plus points. For joint honours degrees, a B.Sc. in economics degree is more likely to be combined with a science-based subject such as mathematics, while a B.A. economics course could be combined with various subjects including languages, politics and psychology. One could choose his or her preference based on that.

Upcoming Exams

Actuarial Common Entrance Test