What is BSc. Economics?
Economics is known as the both practical and theoretical science of the production and distribution of wealth. It is related to the system of the production, buying and selling of goods and services.
In behalf of social science it is typically concerned with the behavior and relationships of people and societies where economics is applied to the real present world to study and analyze the activities and interaction between people, social areas, markets and governments.
Though there are several divisions of economics, the two important divisions to study are microeconomics and macroeconomics.
Microeconomics is the study of the dynamics between individuals and industries, a more detailed study of the larger discipline of macroeconomics, which is the study of the economic activity of an entire market or country.
Economics is a relatively known as the modern discipline and it is widely regarded as the father of modern economics have been developed the idea of classical economics (or liberal economics) in the 18th century.
It has been grown considerably as a field, including few other subjects like sociology, geography, law etc, to develop an understanding of the economic systems that are present today. Economics is also referred as part of a joint or combined degree, includes with subjects such as computer science, engineering, law, management, mathematics, languages politics and so on
Skills Required for BSc. Economics
Students who are very much interested in economic development area, social services and market trends of various sectors and also interested in government sector like ministry and defense can also choose for this course.
- Should have critical thinking skills
- Analytical skills
- Time management
- Problem solving skills.
- Should be able to relate on detail orientation and presentation of data.
BSc. Economics: Top Colleges in India
Govt. Funded Colleges for BSc. Economics
- Government National College, Haryana
- Government Maharani Laxmi Bai Girl’s College
- Durgapur Government College
- Government Arts College Coimbatore.
Private Colleges for BSc. Economics
- St. Xavier’s, Kolkata.
- DAV College, Amritsar.
- Ananda Chandra College.
- Christ University, Bangalore.
- Presidency Univerity, Kolkata.
- Symbiosis School of Economics, Pune
- Punjabi University, Patiala
- Hindu College, Guntur
- Hindu Kanya College, Kapurthala
- Christ University, Bangalore
BSc. Economics: Course Highlights
Listed below are the course highlights of BSc. Economics
| Degree | Bachelors |
| Full Form | Bachelor of Science in Economics |
| Duration | Course Duration of Bachelor of Science [B.Sc] (Economics) is 3 Years. |
| Age | 17-23 |
| Minimum Percentage | 50% |
| Subjects Required | 10+2 equivalent from Recognized Board of Education |
| Average Fees Incurred | INR 10,000 – 1 L per annum |
| Similar Options of Study | BA (Economics), B.Sc (Statistics), BA (Statistics) etc. |
| Average Salary Offered | INR 6.97 L per annum |
| Employment Roles | Senior Analyst, Data Scientist, Business Analyst,Technical Analyst, Consultant, Research and Data Analyst, Marketing Manager, SAP, Financial Analyst etc. |
| Placement Opportunities | Equifax Inc, Netscrib, Target Corporation, Bank, Cognizant, Genpact, InfoSys Limited etc. |
These are the semester wise breakup of the BSc. Economics course
| Sem. II | |
| Sl. No. | B.Sc Economics Subjects of Study |
| 1 | Microeconomics II |
| 2 | Macroeconomics II |
| Sem. III | |
| Sl. No. | B.Sc Economics Subjects of Study |
| 1 | Elementary Mathematics for Economics |
| 2 | The Monetary System |
| Sem. IV | |
| Sl. No. | B.Sc Economics Subjects of Study |
| 1 | Mathematical Applications in Economics |
| 2 | Introduction to Development Economics |
| Sem. V | |
| Sl. No. | B.Sc Economics Subjects of Study |
| 1 | Elements of Public Finance |
| 2 | Introduction to Econometrics |
| 3 | Introduction to Environmental Economics |
| 4 | International Trade and Policy |
| 5 | History Economics Thought – I |
| 6 | Policy and the Indian Economy |
| Sem. VI | |
| Sl. No. | B.Sc Economics Subjects of Study |
| 1 | Public Economics |
| 2 | Econometric Methods |
| 3 | Economics of Natural Resources and Sustainable Development |
| 4 | International Economics |
| 5 | History of Economic Thought II |
| 6 | Planning for Development: India and the Northeast |
BSc. Economics: Duration
BSc Economics is an undergraduate (UG) level course program which introduces students to the fundamentals of Economics. It is a 3 years course program which is divided into 6 semesters. Every semester lasts for the period of 6 months.
BSc. Economics: Eligibility Criteria
- The Student who secures a minimum score of 50% marks in the aggregate at the 12th or in an equivalent examination shall be eligible for admission to B.Sc. Degree Course.
- Students should have skills such as communication, development, execution, problem-solving, time management, technical and analytical skills can be considered to qualify the B.Sc Economics eligibility criteria.
- They should have a logical and analytical mind as they have to deal with data in the economics.
- They should have an special interest in present ,social and political activities, sincerity, commitment and devotion towards their studies.
- Those who have a plan on becoming a lecturer or teacher in this subject after their Master’s degree also can go for the course.
Core Course Subjects in BSc. Economics
- Microeconomics
- Macroeconomics
- Econometrics
- Statistics
- History of economics
- Political economy
- Principles of Banking and Finance
- Statistics
- Mathematics
Career Options after BSc. Economics
After the successful completion of this course, students can go for further studies such as Master’s degree to get specialization in Economics. Few master degree courses which they can choose for include:
M.Sc.in
- Economics
- Economics Honors
- Applied Econometrics
- Financial Economics and Administration
M.Com in Applied Economics
M.A in
- Economics
- Econometrics
- Rural Economics
- Business Economics
- Quantitative Economics
- Development Economics
MBA in
- Managerial Economics
- Macroeconomic Theory and Policy
- Economic Legislation
BSc. Economics: Admission Process
Students who have successfully cleared their 10+2 examination in science branch can apply for the admission in B.Sc. Economics course. But there are few colleges which are allow students for B.Sc Economics after entrance exam. Admissions are done on the basis of cut off marks lists declared by respective colleges and institutes.
The admission forms are available in the month of June and July every year. Students need to get their form along with details and have to submit as per the guidelines prescribed in that given form and details.
Entrance Examination for BSc. Economics
- National Eligibility Test (NET)
- Jawaharlal Nehru University Entrance Exam
- Madras School of Economics Entrance Exam
- BHU M.A. entrance exam for Economics
- Delhi University entrance test
- IGNOU Entrance Test
- Mumbai University Entrance Test
- Anna University MA/M.Phil Entrance Exam
- Genteel School of Business & Economics Exam
- Pune University Entrance Test
Top Recruiters, Job Profiles & Salary of BSc. Economics Graduates
Recruiters for BSc. Economics
These are few of the top recruiters for B.Sc. Economics graduates.
- IBM
- Cipla
- HDFC Bank
- Aditya Birla Group
- Britannia Industries
- India Tv
- Reliance
Job Profiles for BSc. Economics
- Research Analyst (Macro-Economic)
- Analyst – Economics & Strategy
- Data Entry Operator – Economics
- Content Developer/Subject Matter Expert – Economics
- Subject Matter Expert – Accounts/Economics
- Economics Teacher
- Senior Technical Assistant (Economics)
- Manager – Health Economics Modelling
- Guest Teacher – Department of Economics
Salary for BSc. Economics
- The minimum salary for a B.Sc graduate is Rs 1,30,000 to Rs 15,00,000 per annum.
- Salary packages may be different from company to company.
- Graduates usually get placed for jobs through campus placements.
- The salary packages also depends on the college the students has graduated from
They can easily get job offers in banking and finance sector along with other career options as well with the average salary package ranging from INR 1.6 Lacs to 5.5 Lacs. Students are offered with an understanding to do analysis in social and political sector by applying economics principles. They will understand the production process, distribution techniques and the consumption of goods and services at various levels of stages.
Top 50 Colleges offering BSc. Economics in India
Top Colleges offering BSc. Economics in Mumbai
- S. K. Somaiya Degree College of Arts, Science and Commerce.
- Elphinstone College
- St Xaviers College
- Sarla Anil Modi Institute of Economics
- Jai Hind College
Top Colleges offering BSc. Economics in Delhi
- Delhi School of Economics
- Shri Ram College of Commerce
- Hindu College
- Hans Raj College
- Ramjas College
Top Colleges offering BSc. Economics in Bangalore
- Al-Ameen College of Arts, Science and Commerce.
- Maharani Lakshmi Ammanni College for Women.
- MES College of Arts Commerce and Science
- Narsee Monjee Institute of Management Studies
- Acharya Pathasala College of Arts and Science
Top Colleges offering BSc. Economics in Chennai
- Madras Christian College Chennai
- Loyola College Chennai.
- Stella Maris College Chennai
- Guru Nanak College Chennai.
- Madras School of Economics Chennai
Top Colleges offering BSc. Economics in Hyderabad
- Avanthi Degree College ,Hyderabad
- Auroras Degree College Hyderabad
- Nizam College Hyderabad
- Annie Besant College for Women, Hyderabad
- AV College of Arts Science and Commerce
Top Colleges offering BSc. Economics in Mysore
- Yuvarajas College
- Maharajas College
- Myra School of Business
- St Philomena College
- JSS College
Top Colleges offering BSc. Economics in Pune
- Sir Parashurambhau College
- Swami Vivekananda College of Distance Education.
- Annasaheb Waghire College
- Hutatma Rajguru Mahavidyalaya Pune
- Sinhgad College of Science Pune
Top Colleges offering BSc. Economics in Jaipur
- Lal Bahadur Shastri College
- Mahatma Jyoti Rao Phoole University,
- Jaipur National University
- NIMS University
- Banasthali Vidyapith College
Top Colleges offering BSc. Economics in Vishakhapatnam
- St. Josephs College
- M.V.R Degree College
- Vishaka Govt. Degree College for Women
- Aditya Degree College, Vishakhapatnam
- Dr L Bullayya College, Vishakhapatnam.
Top Colleges offering BSc. Economics in Coimbatore
- Dr N.G.P Arts and Science College.
- Bharathiar University Coimbatore.
- Kongunadu Arts and Science College
- PSG College of Arts and Science
- Sri Ramakrishna Arts and Science College.
Top Colleges offering BSc. Economics in Cochin
- Bharata Matha College
- The Cochin College
- Sacred Heart College
- St Alberts College
- St Teresas College
