B.Sc {Hons.} Economics Latest Updates
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B.Sc. Economic Hons. is a three year undergraduate with specialization in Economics and its related aspects. The course is divided into 6 semesters over a period of three years with each year comprising of two semesters. The average tuition fee charged for the course in Indian colleges/University ranges between INR 10,000 to 3.5 Lacs and depends upon the nature of college/institute (that is government, state/private/deemed) as well as its location
Admissions to B.Sc. Economic Hons. course involve a Common Entrance Test (CET) based selection method as well as merit-based selection criterion that is the percentage of marks obtained at 10+2 or equivalent level by the candidate. Candidates completing the course successfully can expect job offers ranging from INR 12,000 to 15,000 per month. The annual salary in the industry goes beyond this average bracket with enhancement in the skill set and experience of the candidate.
Table of Content
B.Sc. Economic Hons: Course Highlights
| Course Level | Under Graduate |
| Duration of the Course | 3 years |
| Examination Type | Semester-Wise |
| Eligibility | Minimum score of 50% (Relaxable for reserved category students) marks at 10+2 or equivalent level. |
| Admission Process | Entrance exam based/Merit-based |
| Course Fee | Between INR 10,000 to INR 3.5 Lacs |
| Average Starting Salary | INR 12,000 to 15,000 |
| Top Recruiting Companies | NTPC, Birla Group, Reliance, Genpact, ICICI bank, Policy Bazaar |
| Job Positions | Macro-economic analyst, Economic advisor, Content developer, Credit and Transaction Management associate, Research associate |
B.Sc. Economic Hons.: What is it About?
Economics is defined as the study of the production, distribution, and consumption of goods and services in a respective economy. As a branch of social science, it deals with the associated principles and techniques that are aimed channelizing effective and economical use of available resources so as to provide maximum output.
The study of economics is crucial in commercial aspects as all the industries and firms that are operating in the market require an economic expert to design their future policies and plans in a manner that are in sync with changing market dynamics.
B.Sc. Economic Hons. course is aimed at providing the analytical and conceptual understanding of the subject to bachelor’s level students so, that they are able to apply this knowledge practically. The course structure and design are such that the students pursuing the course are taught about all the aspects of the subjects in a gradual and progressive manner.
B.Sc. Economic Hons.: Who Should Opt for?
- Students who have interest in Economics as a subject.
- Those who have a career in economic planning and management in mind.
- Those who have a career in Indian Economic Services in mind.
- Those aiming at higher studies in the domain can opt for the course.
B.Sc. Economic Hons.: Admission Process
Admissions to the course are done through common entrance test based admission process (as seen across various Universities and colleges in the country) as well as merit-based selection process (as seen in a good number of institutes/colleges).
- Majority of the Universities/Colleges conduct a common entrance test for admission into B.Sc. courses (like MUET) or take admissions through commonly held entrance exam like NET. Hence students would have to make an application for such exams.
- Students have to qualify these exams (for which they should be eligible to appear) in order to get admission in the course.
- After the conduct of the test, a merit list of finally qualified candidates is prepared and candidates are invited for admission process by the respective university or college.
- After admission process final allotment of seats to the candidate takes place and the candidate is asked to deposit the fee for the course and register for the respective academic year.
Admission process would more or less be same across all the colleges and universities that are offering this course.
B.Sc. Economic Hons.: Eligibility
Candidate must have passed the 10+2 or equivalent examination from a recognized state or central board with at least 50% (relaxable for reserved category candidates) marks.
- He/She shall not be having any Supplementary or Compartment in any of the subject/Subjects at 10+2 or equivalent level that is yet to be cleared at the time of taking admissions.
- Apart from the above-mentioned eligibility criteria’s various colleges and institutes may have their own additional criteria’s which the students would have to satisfy in order to take admission.
- In case of reserved category students, they would have to present their reservation certificates issued by the competent authorities in order to avail the benefits applicable to them.
- Institutes offering admissions through Common Entrance Test go for scores of JNUEE, BHUEE etc. To get admissions in these institutes candidates would have to qualify the respective entrance exam by securing minimum qualifying marks.
B.Sc. Economic Hons.: Syllabus and Course Description
B.Sc. Economic Hons. syllabus is divided into 6 semesters spread over a span of three years with End Semester Exams being held after each semester. It is divided into various subjects and practical modules that students are taught during the course of their under graduation. The course covers all the aspects related to Economics so, as to provide a holistic understanding of the subject to the undergraduate students.
The details regarding the syllabus of the course are mentioned below so, as to provide a reference to the candidates.
| Semester I | Semester II |
|---|---|
| Introduction to Economics | Theory of Consumer Behavior 2 |
| Theory of Consumer Behavior 1 | Theory of Firm |
| Theory of Production | Factor Pricing |
| Cost and Revenue | Welfare Economics |
| Preliminaries | Functions |
| Equations and Graphs | Differential Calculus |
| Matrix algebra | Indian Public Finance |
| System of Equations | - |
| Semester III | Semester IV |
| Planning in India | Development Economics |
| External Sector | Consumption Theory |
| Classical Macroeconomics 1 | Investment |
| The Keynesian System 1 | Trade Cycles |
| Introduction to statistics | Economic policy |
| Central Tendency | Classical Macroeconomics 2 |
| Correlation and regression analysis | The Keynesian System 2 |
| Semester V | Semester VI |
| Public Finance 1 | Capital Market in India |
| Quantity Theory of Money | Money market in India |
| Commercial Banks | Stock Exchange |
| Value of money and related changes | International Economics |
| Market failures and Externalities | Probability distribution |
| Sustainable development | Data analysis and trend forecasting |
| Population and Environment | Public Finance 2 |
| Elementary Probability theory | - |
B.Sc. Economic Hons: Top Institutes offering the course
B.Sc. Economic Hons. is offered as a course by a good number of colleges across the country to candidates who have passed their 10+2 or equivalent level examination from a recognized state or central board.
Students can take admission in the course through All India Level Entrance Test conducted by certain exam conducting authorities such as JNU, BHU, etc as well as separate exams conducted by respective Colleges/Universities (such as MUET) that are offering this course.
For your reference, we have tabled down a list of various colleges/universities that are offering this course in India.
| Institute | City | Average Fee (Per annum basis) |
|---|---|---|
| Ananda Mohan College | Kolkata | INR 3,960 |
| BHU | Varanasi | INR 1,489 |
| JNU | Delhi | INR 360 |
| Delhi University | Delhi | INR 5,000 |
| Bagnan College | Howrah | INR 1,555 |
| Barasat Government College | Kolkata | INR 1,702 |
| Bethune College | Kolkata | INR 1,371 |
| Bir Bikram Memorial College | Agartala | INR 4,000 |
| Calcutta girls college | Kolkata | INR 3,525 |
| Eternal University | Sirmaur | INR 63,333 |
B.Sc. Economic Hons: Career Prospects
Undergraduates in Economics have plenty of options to choose from in terms of their career. One can choose to work with firms such as Financial accountancy, Research, and development, Management, Content development etc.
Related B.Sc. Economic Hons. courses are:
Read about more Bachelors in Science courses
To provide you a holistic view of the career prospects of the course we have tabled certain areas and the respective roles attached to the same where Economics undergraduates can look for in terms of their career.
![Bachelor of Science [B.Sc] {Hons.} (Economics) annual salary](https://images.collegedunia.com/public/image/Bachelor of Science [B_Sc] {Hons_} (Economics) annual salary.png)
| Job Profile | Role | Average Salary for Fresher’s | |
|---|---|---|---|
| Macroeconomic analyst | The job involves macroeconomic parameter analysis so as to provide suitable advice to the firm in regards to their policy and promotional strategies. | INR 1.8-2.3 Lacs | |
| Economic advisor | The job involves market analysis and research on par with economically stipulated standards so as to devise cost-effective policies for the firms. | INR 1.9-2.25 Lacs | |
| Content developer | The job involves the development of subject related content for websites and as study material for students. | INR 1.4-1.83 Lacs | |
| Researcher | A researcher is involved in in-depth analysis and study of the subject so, as to come out with solutions to the problems in the domain. | INR 1.72-2.2 Lacs | |
| Tutor | The job of tutor involves teaching the subject to school level students. For growth in the career, one has to go for higher studies. | INR 1.92-2.25 Lacs | |
B.Sc. Economic Hons: FAQs
Ques. What is the duration of the B.Sc. Economics (Hons.) program?
Ans. The program typically spans three years, divided into six semesters.
Ques. What are the eligibility criteria for admission to B.Sc. Economics (Hons.)?
Ans. Eligibility criteria may vary, but generally, candidates are required to have completed their 10+2 education with a strong background in mathematics and economics.
Ques. What subjects are covered in the B.Sc. Economics (Hons.) curriculum?
Ans. The curriculum includes core courses in Microeconomics, Macroeconomics, Econometrics, Mathematical Economics, and specialized areas such as Development Economics and International Economics.
Ques. Are there any entrance exams for admission to B.Sc. Economics (Hons.) programs?
Ans. Entrance exams may be required by some institutions, while others may admit students based on merit or specific criteria. Check with the individual university for their admission process.
Ques. Do B.Sc. Economics (Hons.) programs include practical training?
Ans. Some programs may include practical components such as internships, research projects, or case studies to provide students with real-world applications of economic theories.
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