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 |
---
Data not available
|
---
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
|
3.65 Lakhs
M.A. in Economics at Indian Institute of Foreign Trade, Kolkata
|
| DOCTORAL |
---
Data not available
|
16.80 K
Ph.D in Economics at Indira Gandhi National Open University, New Delhi
|
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
Exam Date: 18 May, 2025
GATE
Exam Date: 01 Feb, 2025 - 02 Feb, 2025
CSIR UGC NET
Application Process: 09 Dec, 2024 - 30 Dec, 2024
CUET PG
Exam Date: 11 Mar, 2025 - 28 Mar, 2025 (Tentative)
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 3189 out of 3189 Questions
2 Views
I am biology computer science stream class 12 student I want to pursue bsc economics with statistics.I need colleges where I am eligible without maths or economics
12th Dec, 2024
If you're a Biology-Computer Science stream student in Class 12 and want to pursue a B.Sc Economics with Statistics without having taken Maths or Economics in 12th, you can consider colleges that offer admission based on your overall percentage in the science stream, and might not strictly require those subjects. Here are a few universities to explore:
You can consider Delhi University some colleges under Delhi University like the "Department of Economics" might consider your overall percentage in the science stream for admission to B.Sc Economics with Statistics,
Candidates coming from science background and who does not studied economics as a main subject in class 12 then 2 % will be deduct from their percentage in delhi University colleges like SRCC , LSR , HINDU , HANSRAJ and STEPHENS % they take admission on 12gh qualifying marks which is more than 98 percent.
You can also go for other options University of Hyderabad,University of Mumbai, Jadavpur University,amu etc.
work hard ....!! best of luck...
Answer later 3 Views
I had Accountancy, Economics, Business Studies, English (Core), Physical Education in my class 12 Board exam CBSE. How can I get admission in Banaras Hindu University for pursuing B.Com (Hons.) in Financial Markets Management?
10th Dec, 2024
Hello,
To secure admission to Banaras Hindu University (BHU) for B.Com (Hons.) in Financial Markets Management , follow these steps:
-
Eligibility Criteria :
Ensure you meet the basic eligibility:- Passed Class 12 with at least 50% marks.
- Subjects like Accountancy, Economics, and Business Studies align with commerce requirements.
-
Entrance Exam :
BHU conducts an Undergraduate Entrance Test (UET) (now part of CUET - Common University Entrance Test).- Register for CUET at the official portal.
- Select B.Com (Hons.) Financial Markets Management as your preferred course.
-
Preparation :
- Focus on sections related to commerce, general awareness, and analytical ability.
- Review Class 12 commerce syllabus and practice previous year papers.
-
Application and Counseling :
- Apply for BHU counseling post-CUET results.
- Choose the course and provide necessary documents.
-
Admission Process :
- Merit list and seat allocation depend on CUET scores and preference.
- Complete fee payment and document verification for final admission.
Hope it helps !
7 Views
Hello Sir or Maam Can a person who has Bachelors degree in Economics Major be able to do Specialization in Cardiology.
9th Dec, 2024
Hello,
Here is an overview :-
-
Educational Pathway Mismatch
- A Bachelor's in Economics does not fulfill prerequisites for medical studies, such as foundational courses in biology, chemistry, and physics.
-
Medical Degree Requirement
- To specialize in cardiology, one must first complete a medical degree (MD or equivalent), which typically requires a background in pre-medical or life sciences.
-
Additional Steps Needed
- The individual must take foundational science courses to qualify for medical school.
- After completing medical school, a residency in internal medicine and a fellowship in cardiology are required.
-
Time and Effort
- Transitioning from economics to cardiology would demand significant time, effort, and financial investment.
-
Eligibility for Career Change
- While challenging, switching fields is possible with dedication, provided the individual is willing to complete the necessary academic and clinical requirements.
Hope it helps !
3 Views
I am from bihar hs passed i want to do bsc in economics in CU what are the criterias and procedure of admission is it merit based or i have ti give entrance exam
5th Dec, 2024
The University of Calcutta offers a B.Sc. in Economics program through its affiliated colleges. Some of the colleges in Kolkata that offer a B.Sc. in Economics include:
Asutosh College: Offers a B.Sc. (Hons.) in Economics program. Entry requirements include passing the 10+2 or equivalent exam with a minimum of 50% marks and passing English with full marks.
Calcutta Girls' College, Presidency University also offers same course, for the B.Sc. in Economics program in these colleges you must have passed the 10+2 or equivalent exam with at least 80% marks in Mathematics and at least five recognized subjects, including English.
All these colleges Admission to undergraduate courses at CU is based on merit, which is determined by your performance in the qualifying exam. So no need to give entrance exam.
All the best!!
7 Views
Hello, Im a commerce student currently in 12th grade without maths as a subject. I aspire to pursue Economics but i am finding it challenging to identify colleges, whether private or government, that accept non- maths commerce students for economics programm.
29th Nov, 2024
Without math, you absolutely cannot pursue an honors degree in economics. Ironically, you can pursue honors in economics without studying ecology in 12th grade, but not without mathematics.
The reason is that you must study the math principles from 11th and 12th grade in order to pass the first-year core paper, Mathematical Methods in Economics. Additionally, second- and third-year students take Econometrics, which, as you are already aware, blends economics with mathematics.
Under such circumstances, math becomes crucial for this course. Even if you didn't study economics in your 12th grade, you may still succeed in it if you put in the necessary effort. Economics teaches you the fundamentals that are needed in later years.
economics
