BSc Economics: Course Overview, Subjects & Admission

Bachelor of Science in Economics or BSc Economics is a popular undergraduate program of three years that numerous colleges in India offer. The course is regarding the study of Mathematics and Economics. BSc Economics is considered to have a great scope today because of the subject it includes. BSc Economics is a study regarding the […] The post BSc Economics: Course Overview, Subjects & Admission appeared first on Chegg India.

BSc Economics: Course Overview, Subjects & Admission

Bachelor of Science in Economics or BSc Economics is a popular undergraduate program of three years that numerous colleges in India offer. The course is regarding the study of Mathematics and Economics. BSc Economics is considered to have a great scope today because of the subject it includes.

BSc Economics is a study regarding the statistical theory of Economics, its fundamentals and principles, along with the study of mathematics. After this course’s completion, the students get complete knowledge regarding economics which is usually applied in the real world. The graduates have great opportunities to work as data analysts, research analysts, data scientists, product managers, investment bankers, and many more.

BSc Economics is the most recommended graduation course for students pursuing economics as a career option. If the students are keen to learn about finance and economic growth, this is the perfect course for them. The students also have huge scope in the banking and finance sector for job opportunities.

BSc Economics Highlights

The colleges offering BSc Economics as their graduation subject grant admissions through merit or by conducting the entrance examinations. The students pursuing BSc Economics, can easily start their careers in government enterprises and start entry-level jobs at big multinational companies. The main highlights of the BSc Economics course are provided below:

Course nameBSc Economics.
Course LevelUndergraduate.
DurationThree years.
EligibilityQualified 10+2 examinations in any stream and from any board.
Job scopeBanking professionals, product management, data analysis, data scientists, and production firms.
Job positionsBanker, subject matter expert, data analyst, research analyst, financial advisor, and university professors.

Skills Required

The students pursuing BSc Economics courses need to have a few skills which can help them ace this graduation course. As already mentioned above, this graduate program will help students get jobs in great positions in different fields. List of a few scopes which can be helpful for students pursuing a BSc Economics are listed below:

  • Good at Mathematics: This goes without saying that the student pursuing Economics as their graduation subject should be good at Mathematics. This doesn’t mean that the students need to be the best at maths, but they should know the basics and should be able to learn new topics easily without complications.
  • Research: The students should be keen to learn R&D-related topics. The students should have the skills to analyse the data provided and work on it. If they lack this skill, then this graduation course will help them. The students can brush up on their skills during the three years, which will help them during their job search.
  • Creativity: Creativity is one of the major skills required for this field. The students with great creative skills tend to perform better than the others during their graduation and the recruitment process.
  • Presence of mind: This skill is vital for every field of graduation. The presence of mind is extremely important while studying BSc Economics. The subjects included in this are vast and have numerous topics to understand. The students are required to learn these topics to pass their graduation exams.
  • Great Grasping power: This is an extremely important skill for students pursuing BSc Economics. The students must cover a vast syllabus in three years. This becomes easier if the students have good grasping power and are attentive during class. Gaining knowledge through classes becomes easier if the students pay attention and listen carefully.

Syllabus and Subjects

To get admission to top colleges for pursuing BSc Economics, the students must qualify for basic eligibility. The students must complete their 10+2 exams and have a minimum score of 50% to gain entry into good colleges.

BSc Economics syllabus is extremely vast and is divided into six semesters. Details on BSc Economics subjects are provided below:

Semester ISemester II
Microeconomics I.Micro Economics II.
Macroeconomics I.Macro Economics II.
Indian Economy.Indian Economy II.
Statistics for Economics I.Statistics for Economics II.
Foundation of Mathematics.Mathematical Economics I.
Core Environmental Studies. 
Semester IIISemester IV
Law and Economics Theory.International Economics.
Theory and Application of Public Finance.Research Methodology.
Introductory Econometrics.Primary and secondary research.
Development of Economics.Liberal arts.
Semester VSemester VI
Economic Journalism.Portfolio Management.
IT Applications in Economics.Economic Thoughts.
Microeconomics III.Environmental Economics.
Macroeconomics III.International Relations.

During the course, students will learn different topics and gain practical knowledge on these subjects. This will help them grow and get prepared for the job perspective. To ace this course, the students need to focus on their studies.

The subjects of a BSc in Economics majorly include legal studies, banking and finance, international trade, mathematics, statistical economics, history of economics, and many more. If the student is keen to learn these topics and make a career as a research analyst and economist, this is the perfect course for them.

These subjects are considered difficult and can only be studied if the students are keen to learn. To have a secure career in economics, students need to gain practical knowledge of the subject and theory.

Entrance Exams for BSc Economics

To get admission to top colleges in India, students need to qualify for the entrance exam. Along with the entrance exam, the students must also qualify for basic eligibility. They need to qualify for a minimum of 50% score in their 10+2 examinations. A few of the entrance examinations for the student willing to pursue a BSc in Economics are given below:

  • CUET: The National Testing Agency (NTA) conducts a Common University Entrance Test (CUET) once a year to admit students in different UG and PG courses in different universities. The CUET marks are valid in several universities, and students can easily get admission if they qualify for the minimum cut-off of the examination. This is considered as one of the best admission examinations as the students have to qualify for one exam. Through this, the students will be able to apply to various universities.
  • BHU UET: The NTA conducts BHU UET to provide admissions to eligible students in different programs Banaras Hindu University (BHU) offers. BSc economics is one of the courses which is offered by BHU, for which the students need to qualify for the entrance test called BHU UET.
  • JET: Jain University also conducts an entrance exam for the candidates opting for different UG courses. The candidates have to go through a process of three stages to qualify for the examination. The students should qualify for the exam, GD, and PI to get admission to BSc in economics.
  • SET: The Symbiosis School of Economics conducts an entrance examination for students wanting to pursue any graduation course in economics. This is a computer-based examination called Symbiosis Entrance Test (SET). After qualifying for this exam, the students can pursue BSc in Economics from this college.
  • DUET: The National Test Authority (NTA) conducts an entrance exam for the students willing to take admissions for the BSc Economics DU course. The exam is called Delhi University Entrance Test (DUET).

To prepare for these entrance examinations, the students must brush up on their skills. These exams mainly consist of subjects like Quantitative Analysis, Logical Reasoning, and Reading Comprehension. Keep the following points in mind while preparing for the entrance exam:

  • Reading comprehension is considered to be the best-scoring section of the examination. The students should read newspapers and articles daily to improve their reading skills and practise grammar questions.
  • For the logical reasoning section, the students must have a presence of mind. They can prepare this section by giving daily mocks and analyzing the questions.
  • For quantitative aptitude, the students need to know the basics of mathematics. The questions asked in the exam are mostly from basic maths and can be answered easily. The students should give as many mocks as possible to improve their skills and ace this section.
  • Time management is critical for this exam. The students are suggested to give daily mocks to improve their speed along with accuracy to ace the exams.
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Top Colleges for BSc Economics

Numerous colleges offer BSc Economics in India. But there are a few colleges considered to be the best in India for this course and are famous for good placements. Read on for details on top colleges and their fees.

Name of the College/ UniversityAdmission ProcessAverage Annual Fees
St. Xaviers College, MumbaiMerit-BasedRs. 7,187
Mount Carmel College, BangaloreMerit-BasedRs. 42,000
Kristu Jayanti College, BangaloreMerit-BasedRs. 53,000
Lady Brabourne College, KolkataEntrance BasedRs. 27,100
Barrackpore Rastraguru Surendranath CollegeMerit-BasedRs. 5,525
JSS Academy of Higher Education and Research, MysoreMerit-BasedRs. 1,13,000
NarseeMonjee Institute of Management Studies, MumbaiEntrance BasedRs. 74,800
University School of Business, Chandigarh UniversityMerit-BasedRs. 66,000
SS Jain Subodh PG College, JaipurMerit-BasedRs. 21,800
Khalsa College, AmritsarMerit-BasedRs. 46,650

Jobs after BSc Economics in India

There are numerous opportunities for students pursuing BSc in Economics regarding their career. The career options after this course are wide and the students get a lot of options to choose their choice.

The students can also pursue other post-grad courses related to economics. Other post-graduation courses like MSc in economics, MBA in Managerial Economics, and Ph.D. in economics, Law, etc can be pursued by the students to have better job opportunities.

Here you will learn about various job profiles based on the BSc Economics course. Various job positions require various eligibility. The candidates must ensure they are eligible for the job post they are applying for. BSc in Economics is considered a basic graduation course, and many companies accept candidates with much higher degrees.

Job positionJob profileAverage Salary
Content DeveloperCandidates recruited as content developers in any company are responsible for building strategies for the company. They have the key role in managing the company’s growth by strategising the content.Rs. 3- 5 Lakhs
TeacherStudents pursuing BSc in economics can also get recruited as economics teachers in various schools.Rs. 3- 5 Lakhs
Research AnalystThe key role of a research analyst is to analyse the company’s data, make changes according to the research made, and implement them for the company’s growth.Rs. 4- 6 Lakhs
Economics Modelling managerFor recruitment in this role the candidates might need to have other higher degrees. The role of economics modelling manager is to analyse the market trends and implement the best strategies for their company’s growth.Rs. 10-14 Lakhs
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Related read: Career Options after Bachelors in Economics

Frequently Asked Questions

Is BSc Economics a good degree?

Yes, BSc in economics is considered a good degree for students who are willing to make their career in economics.

What is meant by BSc Economics?

BSc economics is a bachelor’s three years, including subjects like maths and economics.

What can I do with a BSc in economics?

With a BSc in economics, students can apply for the post of teacher in various schools and also apply for data entry operator. Other than this, the students can opt for higher degrees like MSc in economics, etc.

Which is better, BA or BSc in economics?

If the student wants to study just economics, then BA economics is the best course for them. But if the student is keen to study mathematics and economics for a better career, then BSc in economics is a better course for them.

The post BSc Economics: Course Overview, Subjects & Admission appeared first on Chegg India.