BA Economics (Hons.)

One of the most reputable and fulfilling occupations is that of an economist because this discipline focuses on the goals of social development, public policy, and national income regulation.
Candidates have a variety of alternatives accessible to them upon the completion of their BA in Economics (Hons) both in government and private sector. To gain in-depth information, they can also continue their education by pursuing advanced degree in MA in Economics. Several opportunities exist in the government sector also for those with a BA in Economics (Hons) few good examples would be Central Board of Direct Taxes, Reserve Bank of India, Civil Services, Indian Economic Services, and many others are among the key government agencies in India.

Economists and economics experts are at the heart of the business world and financial consulting. A degree in Economics qualifies the students for a multitude of career choices, both in the public and private sectors of the economy. They can work as logistics, marketing analysts, as bankers, investors, etc.
Many students opt for careers in the banking sector that offers them the scope for high earnings and career advancement. They are also in high demand for the positions of finance controllers, financial planner, risk analysts, data analysts and investment consultants. Economics graduates can also work in the field of accountancy, where they can focus on monitoring the financial situation of an organization, business or individual. They may also consider options of human resource management, IT, journalism, market research, politics, public relations, social research, and taxation. They could even become an entrepreneur and start their own entrepreneurship. Those students who are interested in taking Civil services examination have additional options, apart from IAS, IPS, IFS careers, they can also opt for IES; Indian, Economics Services or ISS, Indian Statistical Services. A postgraduate degree in Economics is mandatory for IES and ISS.

The introductory course includes introductory microeconomics, which elaborates into questions like why do you want to study economics? The course further elaborates into the challenge of what to produce, how to generate it, and how to distribute the output; the economic problem of scarcity and choice; the scope and methodology of economics. Then it forays into economics as a science; the fundamental competitive model, costs, property rights, and profits; informational incentives; rationing; opportunity sets; economic systems; and reading and analyzing graphs.
• Specialization further takes into detail markets and competition; factors affecting individual demand and supply. Demand and supply curve shifts, market versus individual demand and supply, how resource allocation is reflected in prices; the use of elasticity; pricing restraints; taxes, and taxation costs including consumer surplus, producer surplus, and market effectiveness and more.
• This allows candidates to gain a thorough comprehension of advanced economics knowledge. One of the highly sought-after courses is Economics Honors.