JMI New Delhi
- Fees: ₹ 21,600
- Exams: CUET , JMI Entrance Exam
Economics
Degrees offered: B.A., B.A.(Hons), B.B.A, B.Com, B.Com(Hons), B.Ed., B.Sc M.Sc
What is Economics
Economics refers to the practical and theoretical science of the manufacturing and distribution of wealth. It is based around the system of fabrication, buying and selling of products and services. Economics is applied to the physical world to review and analyse the activities and interaction between people, markets and governments. As it is a social science, it is primarily focussed on the behaviour and relationship of people and societies. The study in this field is very diversified. It is not just restricted to business, finance and government, but also to crime, education, family, health, law, politics, religion, social institutions, war and science, as well.
Economics courses can be pursued by students at bachelors, postgraduate and doctoral level. Also there are diploma and certification courses offered in economics. Mostly, students go for MBA/PGDM or MA in economics after finishing their Bachelors. In these programmes, students get to learn about economic theory and principles, mathematics, economic models and methods of analysis, and much more. Economic courses are best suited for people who have mathematical aptitude and strong critical and analytical thinking skills. Problem solving skills and communication skills is also an addition. Most of the economic courses at postgraduate level provide specializations in business economics, international economics, monetary economics, urban and economic affairs and quantitative economics. Students can also opt for distance courses in economics.
A person dealing in the field of economics is known as an economist. They research and monitor demands and supply, exchange rates, business trends, taxation, employment rates, inflation and costs of materials to understand trends and develop predictions. Economists formulate and publish numerous economic indicators, like gross domestic product (GDP) and therefore the Consumer Price Index (CPI).
Although there are various subdivisions of economics, the two major aspects of study in this field are microeconomics and macroeconomics. Let us read about every aspect of an economics course in detail.
Course Highlights
Course Name | Economics |
Duration |
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Eligibility | Bachelor Courses- 10+2 or equivalent in related streams from recognized boards. Master Courses- B.A/B.com/Bsc with minimum 50 per cent. Ph.D- Post graduation in a related stream with minimum of 50 percent. |
Course Level | Undergraduation/ Post graduation/ Doctorate |
Course Type | Economics |
Admission Process | 10+2 marks/ Entrance exam( depending on the college) |
Course Fees | INR 25,000- 3 lakhs |
Entrance Examinations | |
Jobs after course |
|
Expected salary | Rs 851,486 per annum. |
Eligibility Criteria (UG & PG) of Economics
The eligibility criteria varies as per the choice of the course opted by the candidate. It depends whether the student is choosing a B.A/Bsc./B.com degree in Bachelors or M.A/Msc. degree in Masters. Those aspiring to get into the economics field must have analytical and communication skills, and must be detail oriented with good writing skills. Here we have described the eligibility criteria of different courses. These criteria should be followed by the students to get admission in these courses.
B.A. (Business Economics)
Aspiring candidates should have completed 10+2 or its equivalent exam in the arts stream.
The marks of admission into economics courses may vary from college to college.
In various colleges, entrance exams plus interviews along with the percentage of 12th class is considered for admission.
B.Com. (Applied Economics)
Aspiring students should have passed 12th with minimum 50 per cent (45 per cent for SC/ST) or equivalent CGPA.
B.Com. (Business Economics)
Aspiring candidates should have completed 10+2 or its equivalent exam with a subject like Account, etc. in Commerce stream.
The minimum marks required to get admission into B.Com business economics course may vary depending on the institute. In various colleges, the admission is granted through entrance exams plus interview in addition to the percentage of marks scored by the candidate in class 12th.
M.A. (Economics)
Universities prefer minimum 50-55 per cent marks in graduation as qualifying criteria to offer admissions.
They also conduct entrance exams to offer admission in MA Economics.
The aggregate of graduation marks and entrance exams are taken into consideration to offer admission.
M.Com. (Applied Economics)
Aspiring candidates should have completed B.Com. degree under any registered University with a minimum of 50 per cent or above marks from a recognized university board.
The marks to get admission into this course may vary depending on the college. In various colleges and universities, it conducts entrance exams plus interviews for the admission of the students.
M.Sc.(Financial Economics and Administration)
B.Sc. or the other equivalent qualification with minimum 50 per cent marks
Some of the very reputed universities and institutes conduct entrance examinations for admission
M.Phil. (Business Finance & Economics)
The minimum eligibility for this course is a postgraduate degree in Economics or allied discipline.
The candidate must have passed a post-graduation degree with a recommended aggregate of 55 per cent from a recognized university or the other equivalent exam.
An entrance examination is the mode preferred for admission by most colleges for this course. The candidates with their post-graduation results awaited also can apply for this course.
Ph.D. (Business Economics)
Candidates should have completed their MBE or M.Phil degree in the Business Economics with a minimum aggregate of 55 per cent and above from a recognized university.
They should have qualified the entrance exam conducted by the university for admission to the program such as PET, NET or other relevant entrances.
Scope of Economics in India and Abroad
The scope of the economics course is at a global level because of the ever increasing role of economics that is being understood by nations and organizations. The career has widened tremendously in the last twenty years due to globalization and rapid economic development. The growth of any organization also depends upon the economic policies undertaken. Based upon economic theories and derivations, policies are implemented as action plans. A career in economics is adorned with honor, recognition, and knowledge. This sector is the bedrock for every other sector and hence it has tremendous prospects to supply.
There is an extensive demand for analysts, economic researchers, consultants and strategists who are well trained to understand the ever changing economic trends. Economic advisors are now viewed as an ineluctable part of any small or large scale organization. The field is very interesting and offers a diversity of subjects within it. Banking, industrial sector, trade, commerce, taxation, finance, insurance and a number of other areas require basic to advance knowledge of economics. Thus, to determine a shining career with great economic uprise, economics can function as the appropriate career choice.
Course Fees Economics
| Minimum Fees | Maximum Fees | |||
|---|---|---|---|---|
| Private | Government | Private | Government | |
| UG |
647
B.A. in Economics at Madurai Diraviyam Thayumanavar Hindu College, Tirunelveli
|
360
B.A.(Hons) in Economics at Rairangpur College, Mayurbhanj
|
40.71 Lakhs
B.A. in Economics at SP Jain School of Global Management, Mumbai
|
13.26 Lakhs
BS MS in Economics at Indian Institute of Technology Kharagpur
|
| PG |
425
M.A. in Economics at Madurai Diraviyam Thayumanavar Hindu College, Tirunelveli
|
658
M.A. in Economics at Jawaharlal Nehru University, New Delhi
|
24.00 Lakhs
M.A. in Economics at Amity University, Noida
|
3.65 Lakhs
M.A. in Economics at Indian Institute of Foreign Trade, Kolkata
|
| DOCTORAL |
10.50 K
Ph.D in Economics at HHMSPB NSS College for Women, Thiruvananthapuram
|
3.45 K
Ph.D in Economics at Panjab University, Chandigarh
|
14.40 Lakhs
Ph.D in Economics at Mahatma Gandhi University, Tura
|
5.14 Lakhs
Ph.D in Economics at Guru Angad Dev Veterinary and Animal Sciences University, Ludhiana
|
| DIPLOMA |
50.00 K
Diploma in Economics at Symbiosis School of Economics, Pune
|
11.02 K
Diploma in Economics at Vikram University, Ujjain
|
4.49 Lakhs
Diploma in Economics at Indian School of Business and Finance, New Delhi
|
11.02 K
Diploma in Economics at Vikram University, Ujjain
|
Course Subjects
Here is the detailed syllabus of all the subjects taught in various degrees of economics:
B.A. Business Economics
Sem. I | |
Sr. No. | Subjects of Study |
1 | Economics of Firm Strategy |
2 | Economics of Money and Banking |
3 | Managerial Economics |
Sem. II | |
1 | Economics of Firm Strategy |
2 | Economics of Money and Banking |
3 | Basic Financial Accounting |
Sem. III | |
1 | Entrepreneurial Development I |
2 | Statistics for Business Analysis I |
3 | Marketing I |
Sem. IV | |
1 | Entrepreneurial Development II |
2 | Statistics for Business Analysis II |
3 | Marketing II |
Sem. V | |
1 | Macroeconomics I |
2 | Fiscal Economics I |
3 | International Economics I |
4 | Indian Economy and Economic Reforms |
5 | Human Resource Development I |
Sem. VI | |
1 | Macro Economics II |
2 | Fiscal Economics II |
3 | International Economics II |
4 | Human Resource Development II |
5 | Financial Markets |
| Electives |
| Human Resource Development Paper I & II and Financial Markets |
B.Com. (Applied Economics)
Sem. I | |
S.No. | Subjects of Study |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
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Sem. II | |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
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Sem. III | |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
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Sem. IV | |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
| Principles of Management Advances Statistics |
Sem. V | |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
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| Internship: In addition to the above curriculum students are required to undertake a 2-month employment-oriented job training at a workplace |
Sem. VI | |
1 | Applied Economics |
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2 | Accounting |
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3 | Management |
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M.A. (Economics)
Sem. I | |
S.No. | Subjects of Study |
1. | Microeconomic Analysis |
2. | Monetary Economics |
3. | Elementary Statistics |
4. | International Trade |
5. | Optional Paper I |
Sem. II | |
6. | Theory of Pricing and Distribution |
7. | Macroeconomic Analysis |
8. | Quantitative Methods |
9. | International Finance |
10. | Viva-Voce |
Sem. III | |
11. | Economics of Growth |
12. | Public Economics |
13. | Issues in the Indian Economy |
14. | Economics of Industry |
15. | Optional Paper-II |
Sem. IV | |
16. | Growth Models in Economics |
17. | Indian Public Finance |
18. | Selected Problems of the Indian Economy |
19. | Economics of Agriculture |
20. | Viva-Voce |
Optional Papers | |
A | Quantitative Economics I & II |
B | Econometrics I & II |
C | Labour Economics I & II |
D | Demography I & II |
E | Economics of Gender and Development I & II |
F | Economics of Infrastructure I & II |
G | Financial Institutions and Markets I & II |
H | Economics of Insurance I & II |
M.Com( Applied Economics)
S.No. | Subjects of Study |
1 | Advanced Economic Analysis I |
2 | International Trade |
3 | Statistical Analysis |
4 | Accounting for Financial Decisions I |
5 | Business Environment |
6 | Industrial Economics |
7 | International Banking |
8 | Advanced Economic Analysis II |
9 | Accounting for Financial Decisions II |
10 | Quantitative Techniques for Economic Analysis |
11 | Rural Economics |
12 | Foreign Exchange Management |
13 | Business Economics |
14 | Economics Development and Planning (With Special Reference to India) |
15 | India and the World Economy: In Perspective |
16 | Foreign Trade Policy Procedures & Documentation |
17 | Public Utility Economics |
18 | Demography and Population Study |
19 | Labour Economics |
20 | Monetary Theory and Practice |
21 | Environment and Resource Economics |
22 | Transport Economics and Logistics |
23 | Small Business & Entrepreneurial Skills |
24 | Economics of Public Enterprises |
25 | Research Methodology |
M.Sc. (Financial Economics and Administration)
Subjects of Study |
Economics of financial markets |
Microeconomics |
Financial econometrics |
Financial derivatives |
Dissertation |
Electives |
Macroeconomics |
Asset pricing |
Topics in mathematical finance |
Topics in corporate finance |
International money and finance |
Numerical methods for financial economic analysis |
Financial regulation |
Econometrics |
Careers in Economics
Economics course makes a student familiar with the Indian economy, agriculture economy, and industrial economy. Students who want to make a career in trade and commerce and banking sectors can really do wonders with the help of this course. The skills acquired through study of economics are incredibly versatile and may be used during a wide selection of industries – by the time the course ends an economics graduate will be comfortable in handling the numbers and will be well experienced in using innovative techniques to master the problems. A lot of esteemed professionals who work in banking and accountancy hold economics degrees. For any career associated with finance, an economics degree may prove to be a good foundation to create on. You can go on taking a career as an economist.
Roles in data analysis like an actuary, investment analyst, are typical careers for an economics graduate. For those that need a job directly associated with economics, further study is suggested. Fortunately, there are an array of opportunities that these courses provide to students in order to specialise further and conduct detailed research in their areas of interest. An economics graduate will have some unique and highly wanted skills and in most cases, employment prospects are good. Economics is one of the evergreen subjects owing to its high utility and high demand within the work areas. It is also an important discipline both for a career as well as a job point of view. Job opportunities are increased because of globalization and after the merging of the world economy. A well-trained economist features a high demand not only in India but also internationally.
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Job Profiles and Top Recruiters
An array of employment opportunities is available in the economics field. Meritorious and deserving candidates can get above par job opportunities after successfully completing their BA or MA in economics. Graduates in economics can get reputable jobs within the government sectors like Indian Economic Services, Indian Civil Services, National Sample Survey, Reserve Bank of India, Planning Board, Ministry of Economic Affairs, Planning Commission, National Council for Applied Economic Research and National Institute of Public Finance and Policy.
Job opportunities can also be availed in the private sectors, NGOs and International Aid Agencies. The firms like World Bank, IMF, Asian Development Bank, and other Development Banks, Financial Consultancy firms are hiring the economic graduates for its various positions. One can work in these organisations as economist, executive, economic advisor, analyst, researcher, consultant, business analyst, securities analyst, economic research analyst and stock exchange analyst. The various job profiles offered are:
Professional Economist
Financial Risk Analyst
Data Analyst (Banking Sector)
Financial Planner (Banking Sector)
Financial Controller/Financial Economist
Equity Analyst
Cost Accountant
Economic Researcher
Business Economist
Agricultural Economist
International Economist (Specialization)
Industrial Economist (Specialization)
Labour Economist (Specialization)
Investment Analyst
Actuary
Top Recruiting Companies:
Some of the recruiting companies that hire economics graduates are as follows:
Accenture
Capgemini
Intelenet Global Services
IBM Group
Wipro Technologies
Genpact
Dell
IES
RBI
Also Read: Economics Certification Courses
Average Salary
Job Profile | Average Salary |
Operation Manager | INR 6,95,597 |
Research Analyst | INR 4,16,640 |
Executive Assistant | INR 4,37,244 |
Human Resources Manager | INR 6,26,526 |
Financial Risk Analyst | INR 6,02,215 |
Cost Accountant | INR 4,13, 000 |
Agricultural Economist | INR 4,80,000 |
Business Economist | INR 8,28,744 |
Equity Analyst | INR 8,38,290 |
Actuary | INR 7,26,646 |
Popular Economics Entrance Exams in India
JEE Advanced
Application Process: 18 Jun, 2023 - 19 Jun, 2023
CUET PG
Exam Date: 05 Jun, 2023 - 12 Jun, 2023
Popular Economics Colleges in India VIEW ALL
IGNOU Delhi
- Fees: ₹ 12,600
SRM University Chennai
- Fees: ₹ 105,000
IIT Bombay
- Fees: ₹ 847,700
Christ University
- Fees: ₹ 155,000
- Exams: Christ University (CUET)
Questions related to Economics
Showing 2990 out of 2990 Questions
41 Views
Can anyone tell me about IPU University. hows it for Phd program in economics
19th Aug, 2022
Hello aspirant,
IPU or Guru Govind Singh Indraprastha University offers PhD programs in 16 different specializations, mostly for 3 years. The minimum criteria for an entry is to clear the UGC-NET/ CSIR NET. The Economics department is at par with the international standards, both academically and professionally. The program also requires candidates to possess a masters or a post graduate degree on the subject approved by Association of Indian Universities/UGC/MCI or any other equivalent qualification to the satisfaction of the Academic Council of University with at least 60% marks in hand (relaxation of 5% for SCs and STs). Entering the program provides you with statistical softwares like STAR and the like, raising opportunities for better placements, holistic development through The Economic Society and comprehensive manifestation of oneself.
Hope the above information helps you.
Answer later 88 Views
My ipucet rank is 1226 in ba economics(h). I belong to general category. Can I get any college under ipu?
19th Aug, 2022
Hello Aspirant,
Hope you are doing well. Congratulations on securing 1226 rank. According to past year cut offs and ranks you could seek admission in the following colleges:
1. Jagan Institute Of Management Studies
2. Fairfield Institute of Management & Technology
3. Delhi Technical Campus
4. Delhi Institute of Rural Developmen
5. Lingaya's Lalita Devi Institute of Management Science
Thank You.
All the best.
33 Views
i have been given waiting list number 57 in symbiosis school of economics pune after 1st merit list what are the chances of getting admission
18th Aug, 2022
Hello Aspirant
I hope you are doing great. By looking at your waiting list number that is 57 , I think you have a high chances of getting admission in Symbiosis School of economics . The merit list depends on the number seats that are vacant. So you just stay motivated and hope for the best.
All the best. My best wishes are with you :)
32 Views
I am bhuvana studying in grade 12 I want details of admission process of Christ University for liberal arts program I took subjects economics and psychology and maths entrepreneur ship in 11th and 12thplease suggest
14th Aug, 2022
Hello Aspirant,
Hope you are doing well. The eligibility to seek admission for the BA Liberal Arts program is to have cleared both 10th and 12th grade board exams.A student will have to appear for an entrance exam followed by a personal interview. A student can tailor their own specializations according to their own unique interests, from the following clusters mentioned below.
• Literary and Cultural Studies
• Media Studies
• Historical Studies and Material Culture
• Psychology
• International Relations and Political Science
• Economics
• Business Studies, Marketing and Tourism
The admission process is as follows:
To process admission:
- Candidates must choose the preferred date and time from the available options to facilitate a smooth admission process.
- Admission must be processed at the campus where the programme is offered as published in the offer of admission.
- As per UGC guidelines, fee payment has to be made through online mode and the fees for the first year including Admission Registration fee must be paid in full as part of the admission process.
All the best!
120 Views
I have scored 220 in Bitsat 2022. Do I have a chance of getting dual degree with Math/ Physics/ Economics in any BITS college
24th Aug, 2022
Hey,
According to previous years cutoffs (2020 & 2021) it might be difficult for you to get a seat into one of these dual degree program as the cutoffs for these programs start from 240. However you might have a chance of getting a seat into B.Pharm at Pilani and Hyderabad campus.
Hope this helps.
All the best!
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