IGNOU
- Fees: ₹ 20100
Economics Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope
Degrees offered: M.A., B.A.(Hons), B.A., Ph.D, B.Sc.(Hons)
What is Economics
Economics refers to the practical and theoretical science of the manufacturing and distribution of wealth. Economics is applied to the physical world to review and analyse the activities and interactions between people, markets, and governments. Economics courses in India offer a comprehensive understanding of economic theories, policies, and practices, preparing students for a wide array of career opportunities.
Economics is offered at various levels of education such as at diploma level, undergraduate level, postgraduate level, and doctorate level. The eligibility criteria for each level are different and must be followed by the students to get successful admission to economics courses. There are around 3100 colleges in India that offer Economics courses at different levels.
After pursuing an Economics course, candidates get the opportunity to work in government agencies, financial institutions, research organisations, MNCs, and consulting firms. They get to work as Economists, Financial Analysts, Policy Analysts, Market Researchers, and Data Analysts. The top recruiters for these career profiles are RBI, McKinsey & Company, HDFC Bank, NCAER, Deloitte and Ernst & Young.
Highlights: Economics
Particulars | Values |
Branch Name | Economics |
Degree | BA, BA ( Hons), MA, M.Com, B.Com, B.Com ( Hons) |
Eligibility | UG: 10+2 examinations PG: Bachelor’s degree in Economics or a related field PhD: Master's degree in Economics or a related field |
Admission Process | Entrance Exams |
Entrance Exam | DUJAT, NPAT, SET, IPU CET, JNU |
Course Fees | Rs. 14,000 to Rs. 1.50 Lakhs |
Job Profiles | Economist, Financial Analyst, Policy Analyst, Market Researcher, and Data Analyst |
Average Salary | Rs. 5 LPA ( for Business Economist) |
Recruiting Companies | Reserve Bank of India (RBI), McKinsey & Company, HDFC Bank, National Council of Applied Economic Research (NCAER), Deloitte and Ernst & Young |
Specialisations or Similar Ones
Economics is a broad field and diverse field consisting of various topics including, Macroeconomics, Microeconomics, Personal Finance, Foreign Trade Theory, Economic Statistics, and Behavioural Economics. Various degree programmes are related or similar to Economics courses such as:
Ph.D in Economics and Finance | B.Com Applied Economics |
MA Applied Economics | BA Economics with Indian History and Political Science |
Top Economics Colleges in India
Economics courses are offered by many colleges in India. These colleges and universities are known for their robust education and comprehensive coursework. Students are advised to check the eligibility criteria and carefully follow the admission process. Mentioned below are the top economics colleges in India as per the NIRF Rankings.
Colleges | Average Fees |
Rs. 42,820 | |
Rs. 67,500 | |
Rs. 3,880 | |
- | |
- | |
Rs. 43,680 | |
- | |
Rs. 38,920 | |
Rs. 57,510 | |
Rs. 79,250 |
Note: The fee structure provided above can be for any particular Economics course (Diploma/ Degree/PGD).
Top Private Economics Colleges in India
Economics courses are offered by more than 1700 private colleges in India. These colleges provide world-class facilities, comprehensive education, and expert faculties. Admission to these institutes is based on an entrance exam or direct admission based on merit score. Below are some of the top private colleges that offer admissions in Economics.
Colleges | Average Fees |
Rs. 1.94 Lakhs | |
- | |
- | |
Rs. 1.29 Lakhs | |
- | |
- | |
- | |
- | |
Rs. 75,000 | |
Rs. 42,600 |
Top Government Economics Colleges in India
Economics courses are offered by around 1400 government colleges in India. These colleges and universities provide similar education and facilities at a minimal cost for the students. Candidates are advised to check the admission process and eligibility criteria of the same before applying for admission.
Colleges | Average Fees |
Rs. 40,800 | |
Rs. 93,600 | |
Rs. 47,170 | |
- | |
Rs. 31,930 | |
Rs. 1.24 Lakhs | |
Rs. 33,550 |
Eligibility Criteria (UG & PG) of Economics
The eligibility criteria for an Economics course depends on the level of education and type of institute. Candidates are advised to check the eligibility criteria of the course before applying for admission. Mentioned below are the eligibility requirements for undergraduate and postgraduate courses in Economics in detail.
Eligibility Criteria for UG Courses
Candidates who aspire to pursue undergraduate degrees in economics have to know about the specific criteria. The eligibility criteria for undergraduate economics courses are formed by the various institutions that offer Economics as a part of their curriculum.
- Admission to the undergraduate economics programme requires students to have passed the 10+2 boards in any stream, including science, arts, and commerce, from a recognised board.
- Students interested in this programme should take the entrance test, such as CUET UG.
Top Entrance Exams for UG Courses
Many institutes conduct their entrance exams for undergraduate courses in the field of Economics, but the most common and popular entrance exam is CUET UG. Candidates are required to qualify the certain entrance exams to be able to start with their specific college applications.
Exam Name | Level | Conducting Body | Exam Schedule |
University | Symbiosis International University | - | |
National | NTA | ||
University | Chandigarh University | - |
Eligibility Criteria for PG Courses
The eligibility requirements for the postgraduate courses in Economics depend on the institute. Many colleges and universities offer economics courses at postgraduate level. Mentioned below are some eligibility requirements for postgraduate courses in the field of Economics.
- The candidate should hold a degree in either B.A. in Economics, Bachelor of Economics, or other related degree.
- A minimum aggregate score of 50 per cent is required, as it is a common requirement across most colleges.
Top Entrance Exams for PG Courses
There are certain entrance examinations that candidates need to qualify to start with their college entrance exams. These entrance exams are mostly at the national level and taken up by the universities together. Some of the important entrance exams are given below.
Exam Name | Level | Conducting Body | Exam Schedule |
National | NTA | ||
National | Indian Institute of Management Lucknow | ||
CUCET | University | Chandigarh University | - |
Scope of Economics in India and Abroad
In India, the field of Economics holds immense potential. With a rapidly growing economy, the demand for economists who can analyse and interpret economic trends is high. They play a crucial role in shaping policies and contributing to the nation's growth.
Internationally, the scope of Economics is vast. Economists are sought after for their ability to understand and predict market trends. They influence global policies and contribute to the economic development of countries. Their insights are pivotal in making strategic decisions in both public and private sectors.
Course Fees Economics
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
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Data not available
|
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Data not available
|
30.00 Lakhs
B.A. L.L.B in Economics at Sai University, Chennai
|
39.60 Lakhs
B.Sc. in Economics at University of Southampton, Delhi
|
| PG |
998
M.A. in Economics at St John's College, Palayamkottai
|
---
Data not available
|
24.00 Lakhs
M.A. in Economics at Amity University, Noida
|
3.60 Lakhs
M.A. in Economics at Indian Institute of Foreign Trade, Delhi
|
| DOCTORAL |
---
Data not available
|
---
Data not available
|
14.40 Lakhs
Ph.D in Economics at Mahatma Gandhi University, Tura
|
4.04 Lakhs
Ph.D in Economics at Indian Institute of Science Education and Research Bhopal
|
| DIPLOMA |
40.00 K
Diploma in Economics at Symbiosis School of Economics, Pune
|
---
Data not available
|
3.50 Lakhs
M.Sc. in Economics at Symbiosis International University, Pune
|
---
Data not available
|
Course Subjects
Economics Syllabus for UG Courses
The economics syllabus can be different depending on the institute, but the crux of the course curriculum remains constant for every institute. Some of the subjects offered are Managerial Economics, and Money and Banking. In the table below we have mentioned the BA Economics syllabus of Delhi University.
Semester- 1 | |
Mathematical Methods for Economics- I | Introductory Microeconomics |
Art of Communication | - |
Semester- 2 | |
Mathematical Methods for Economics- II | Introductory Macro-Economics |
Semester- 3 | |
Intermediate Microeconomics I | Intermediate Macroeconomics- I |
Statistical Methods for Economics | Data Analysis |
Semester- 4 | |
Intermediate Microeconomics | Intermediate Macroeconomics research |
Research Methodology Or Contemporary Economic Issues | - |
Semester- 5 | |
Indian Economy- I | Development Economics- I |
Electives ( Sem- 5) Choose any Two | |
Game Theory | International Trade |
Public Economics | Financial Economics |
Applied Economics | Economic History of India |
Polity Economy- I | |
Semester- 6 | |
Indian Economy- II | Development Economics- II |
Electives ( Sem- 6I) Choose any Two | |
Economics of Health and Education | Environmental Economics |
Open-Economy Macroeconomics | Money and Financial Markets |
Comparative Economics Development | - |
Economics Syllabus for PG Courses
The syllabus of Economics at postgraduate depends on the institute. Candidates can check the syllabus on the official website of the college. Some of the subjects offered are Public Economics, Econometrics, Indian Economic Policy, and International Economics. In the table below we have mentioned the MA Economics syllabus of Ravenshaw University.
Semester 1 | |
Microeconomics Analysis-I | Public Economics-I |
Economics of Growth & Development-I | Macroeconomic Analysis-I |
Basic Econometrics-I | - |
Semester 2 | |
Microeconomics Analysis-II | Public Economics-II |
Economics of Growth & Development-II | Macroeconomic Analysis-II |
Basic Econometrics-II | - |
Semester 3 | |
Indian Economic Policy-I | International Economics-I |
Economics of Environment-I | Optional-1-I |
Optional-2-I | - |
Semester 4 | |
Indian Economic Policy-II | International Economics-II |
Economics of Environment-II | Optional-1-II |
Optional-2-II | - |
Elective Subjects | |
Mathematical Optimisation | Advanced Econometrics – I |
Agricultural Economics – I | Financial Institutions and Markets – I |
Game Theory and Strategic Behaviour | Advanced Econometrics – II |
Agricultural Economics-II | Financial Institutions and Markets – II |
Careers in Economics
Economics courses make a student familiar with the Indian economy, agriculture economy, and industrial economy. Students who want to make a career in the trade commerce and banking sectors can do wonders with the help of this course. The skills acquired through the study of economics are incredibly versatile and can be used in a wide selection of industries.
Job Profile | Job Description |
Research Analysts are professionals who examine data and market conditions. They assist companies in identifying their target audience and determining the optimal price point for their products. | |
Accountants are finance experts who conduct a thorough analysis of all production-related costs, such as daily operations, labour, and shipping. They also analyse the inventory, equipment, labour, shipping, inventory, administrative expenses, and lease costs to create efficient cost analysis reports. | |
Financial Risk Analyst | Financial Risk Analysts are professionals who assess risks linked to investments, new clients, economic circumstances, or regulations to provide safety for financial decisions. They predict potential results and suggest ways to mitigate risks. |
Economists are professionals who study economic theories and quantitative methods. They examine financial, organisations, market-related, and environmental challenges that corporations encounter. |
Upcoming trends
The field of Economics is continually evolving, with new trends and topics emerging, reflecting the changing economic landscape. The rise of big data and artificial intelligence is revolutionising the economic analysis field, leading to new insights and forecasting techniques. There has also been a focus on behavioural economics, exploring the psychological factors influencing economic decisions and policies.
Job Profiles and Top Recruiters
Candidates can work in various areas such as the Private Sector, NGOs, and International Agencies such as the World Bank, IMF, and Asian Development Bank. Development banks and financial consultancy firms also hire economics graduates for various positions. Some of the top recruiters are mentioned below:
- Accenture
- Capgemini
- IBM Group
- Wipro Technologies
- Dell
- Genpact
- Reserve Bank of India (RBI)
- McKinsey & Company
- HDFC Bank
- National Council of Applied Economic Research (NCAER)
Average Salary
The average salary after an Economics course depends on many factors such as the location of the company, the job profile applied by the candidate, and the skills and experience of the candidate. In the table below the salaries of some of the most popular career options in Economics are mentioned.
Job Profiles | Average Salary |
Research Analyst | Rs. 5.7 LPA |
Cost Accountant | Rs. 7.2 LPA |
Financial Risk Analyst | Rs. 7.7 LPA |
Economist | Rs. 6.14 LPA |
Source: Ambition Box and Glassdoor
“ The salary figures mentioned anywhere in these articles are just for reference purposes. Please treat them as such. Actual salaries may vary depending on respective candidates, employer, job location, and numerous other factors“.
Required Skillset for Economics
There are certain skills that the candidate must possess to perform well in the field of Economics such as Mathematical Skills, Detail Orientation, Curiosity, and Problem-solving skills. Mentioned below are other important skills that are required for this course.
- Analytical Skills
- Communication Skills
- Quantitative Skills
- Research Skills
- Maths Skills
- Writing Skills
- Presentation Skills
- Computer Literacy
- Time Management
- Critical-Thinking Skills
Course Curriculum for Economics
The course curriculum of Economics is comprehensive and diverse. It covers a wide range of topics such as microeconomics, macroeconomics, econometrics, and international economics. Students learn about economic theories, models, and real-world applications, enhancing their understanding of economic behaviours and systems.
In addition, the curriculum includes subjects like public economics, development economics, and financial economics. These subjects provide insights into economic policies, growth strategies, and financial markets. The curriculum is designed to equip students with the necessary skills and knowledge to analyse economic data and make informed decisions. It prepares them for various roles in the economic sector, both nationally and internationally.
Popular Economics Entrance Exams in India
JEE Advanced
Application Process: 23 Apr, 2025 - 02 May, 2025
IISER Aptitude Test
Exam Date: 25 May, 2025
GPAT
Exam Date: 25 May, 2025
Popular Economics Colleges in India VIEW ALL
IIT Bombay
- Fees: ₹ 831200
SRM University Chennai
- Fees: ₹ 180000
LPU Jalandhar
- Fees: ₹ 507000
Christ University
- Fees: ₹ 155000
- Exams: Christ University (CUET)
Frequently Asked Questions (FAQs)
Question: What are the BASE University eligibility criteria for the BSc Economics (Hons) programme at BASE University?
Answer :
Candidates must have passed Higher Secondary/Intermediate (10+2) with a Science stream or any other examination recognised as equivalent.
Question: What is the average salary of an Economics graduate?
Answer :
The average salary after an Economics course depends on many factors such as the experience and skills of the candidate, the location of the company, and the job profile applied by the candidate. Generally, the average salary of an Economist in India is Rs. 6.14 LPA.
Question: What are the top colleges offering Economics courses in India?
Answer :
The top colleges offering an Economics course in India are ACFA Jalandhar, BESC Kolkata, IBS Dehradun, BSSS Bhopal, HMV College Jalandhar, and BUCC Batala.
Question: What is the qualification required for Economics?
Answer :
For an undergraduate degree in Economics, the candidate needs to complete their 10+2 for BA Economics and MA Economics. 10+2 with Maths as a compulsory subject for Economics Hons degrees. Similarly, for a postgraduate degree, the candidates need to have a Bachelor's degree in Economics or related discipline.
Question: What are the career options in the field of Economics?
Answer :
Some of the popular career options in the field of Economics are Research Analyst, Cost Accountant, Financial Risk Analyst, and Business Economist.
Question: What are the common subjects taught in an Economics course?
Answer :
The course curriculum of an Economics course is diverse and depends on the level of education. The most common subjects offered in Economics courses are Macroeconomics, Microeconomics, Data Analysis, Indian Economy, Public Economics, and Indian Economy.
Question: What are the important exams required for the Economics course?
Answer :
The important exams in Economics include SET, CUET UG, and CUET PG. Candidates are advised to meet the cutoff score as specified by the institute to be eligible for admission.
Question: What are some necessary skills required by a candidate wishing to pursue an Economics course?
Answer :
The prerequisite skills are Analytical Skills, Communication Skills, Maths, Writing, Critical Thinking, Aptitude, and Interest in Economics.
Questions related to Economics
Showing 3250 out of 3250 Questions
10 Views
Where can I do bsc in economics in India
19th Apr, 2025
Hi aspirant,
Several universities in India offer a B.Sc. in Economics. Some highly recognized institutes are:
- Delhi School of Economics
- Indian Statistical Institute
- Symbiosis School of Economics
Other options include St. Xavier's College (Mumbai) , Jamia Millia Islamia University , and Presidency University (Kolkata) , etc.
https://www.careers360.com/courses/bsc-in-economics
All the best!
Answer later 10 Views
Master of Economics I want to do
19th Apr, 2025
Hi aspirant,
If you choose to pursue a Master of Economics, you'll be embarking on a rigorous academic path that goes deeply into the foundations and applications of economic theory. A Master of Economics is a two-year postgraduate degree that will provide you with a solid foundation in microeconomic and macroeconomic theories, econometrics, and a variety of specialty subjects based on your interests and the university's offers.
Completing a Master of Economics degree opens up a wide range of career opportunities in government organizations, financial institutions, consulting firms, research institutions, international organizations, and academia, with roles such as Economist, Financial Analyst, Policy Analyst, Market Research Analyst, and others, many of which offer promising salary prospects and significant career growth.
https://www.careers360.com/courses/ma-in-economics
All the best!
18 Views
I had Mathematics from 12th commerce. But my subjects for CUET are : English , Economics , Business and Accounts. Am I eligible to pursue BBA / BMS from SSCBS , or from any DUs or from any central university ?
17th Apr, 2025
Yes, u r eligible for BBA/BMS programs through CUET at SSCBS other DU colleges, and many Central Universities nd if u didn’t choose Mathematics as a CUET subject
For BMS, BBA in DU (including SSCBS), t eligibility is:
Required CUET subjects (as per DU norms):
-
Section I : English
-
Section II : Any two from the list – you chose Economics and Business Studies, which is accepted.
-
Section III : Mandatory
u had Math in 12th, u satisfy t eligibility requirement for BBA/BMS at DU (because some programs require Maths in 12th, not in CUET necessarily). let m know if u need any help ................THANKU!!!
19 Views
I had maths in my 12th class as an additional subject ( Im from commerce stream) . But I chose English , Accounts , Economics and Business Studies as my subjects for CUET Exam 2025 . Am I eligible to pursue BMS from SSCBS or from DU ?
16th Apr, 2025
Hey Bhawna !
Yes, you are eligible to pursue BMS (Bachelor of Management Studies) at SSCBS or Delhi University (DU), as long as you meet the specific eligibility requirements for the course.
For BMS, DU typically looks at your best of four subjects, including English and any other subjects from your 12th grade. Since you have chosen relevant subjects like Accounts, Economics, and Business Studies, you should be fine.
Just make sure to check the specific admission guidelines for CUET 2025 , as universities may have subject-specific requirements.
Hope it helps !
14 Views
Ba and Ma economics available in Valparai college
6th Apr, 2025
The Government Arts and Science College in Valparai offers an M.A. in Economics, but there is no clear information about a B.A. in Economics. It’s best to contact the college directly for confirmation.
