Economics is one of the social sciences that is the study of scare resources and how they are used to meet the demands. If GDP, trade, welfare, financial planning, budgeting, economic policy, etc sound interesting to you, ECONOMICS is the field to be in.
Economists study and do research of production processes, distribution processes, consumption patterns with the objective of optimum utilization of resources.
Different economic systems prevail in countries so they work in a variety of settings. They may work at macro level or micro level. They may work as market researchers or do demographic studies for policy formulations. They may study trends in equities for a bank or may study overall financial sector to advise the government in policy matters. More than half of the economists get employed in the government and the banking sector and many join academics. Many may work in financial sector after relevant additional qualifications.
In the field of economics, one can either go in academics or join industry, both have very good earning potential.
(1.) Bachelor in economics: 10+2 from any stream, for some universities mathematics is compulsory in 10+2 to go for honors in economics. A mathematics and statistics background is generally helpful in economics.
(2.) Master’s degree in economics
(3.) MPhil and a PhD degree are also recommended if you want to go for teaching career or want to go for research.
The fee structure for BA Hons Economics is much lower in central universities like Delhi University while Private universities charge a much higher Fee.
Graduate Degree courses in Economics are offered by almost all the Central, State and Private Universities in India. Post Graduate courses are also offered by many of these universities.
Listed below are some of the Top Colleges in Delhi NCR that offer Economics at Graduation and Post Graduation Level.
Colleges Offering BA Economics Hons at Delhi University ( Maths is a compulsory subject at class 12th )
College of Vocational Studies
Daulat Ram College
Delhi College of Arts and commerce
Deshbandu college
Dyal Singh College
Hans Raj
Hindu College
IP College
Janki Devi
Kalindi College
Kamla Nehru College
Kirori mal College
Lady Sriram College
Lakshmibai College
Maitreyi College
Miranda House
Motilal Nehru PGDAV
Rajdhani College
Ramjas
Ram lal Anand College
Shaheed Bhagat Singh College
SRCC
Khalsa College
Shivaji College
Shyama Prasad Mukherjee College
Shyam Lal college
Delhi University also offers BA Hons in Business Economics BBE for which the admission is through entrance exam, Maths is a compulsory subject at class 12th and the course is offered at the following colleges.
Bhim Rao Ambedkar College, Yamuna Vihar
College of Vocational Studies, Sheikh Sarai
Gargi College, Siri Fort Road
Lakshmibai College, Ashok Vihar
Maharaja Agrasen College, Mayur Vihar
Ram Lal Anand College (Evening), Dhaula Kuan
Shivaji College, Raja Garden
Sri Guru Gobind Singh College of Commerce, Pitampura
Sri Guru Nanak Dev Khalsa College, Dev Nagar, Karol Bagh
Sri Guru Tegh Bahadur Khalsa College, Mall Road, University Enclave
Ambedkar University, New Delhi Offers BA with Hons in Economics and MA in Economics. For BA Economics Maths is a compulsory subject at class 12th.
Jamia Milia Islamia, New Delhi Offers BA Hons Economics, MA Economics
GGS IP University has started offering BA Economics Hons from year 2017 through entrance test.
Delhi Technological University, Delhi has started offering BA Economics Hons from year 2017. The admissions are on the basis of best 4 subject combination and Maths is compulsory in class 12th for admission.
Indian Statistical Institute (ISI), Kolkata and Indian Statistical Institute, Delhi Offer M Sc in Quantitative Economics
Jawaharlal Nehru University , New Delhi Offers MA in Economics with specialization in World Economy).
Delhi School of Economics , Delhi University Offers MA economics
Government College Sec 9, Gurgaon offers BA Eco Hons ( 80 seats) and MA Economics (50 seats).
Government college for girls Sec 14, Gurgaon offers BA Economics Hons.
Gautam Budhha University, Greater Noida offers MA Economics.
Other institutes that offer Economics courses
University of Hyderabad ( NAAC A+ Central University) Offers 5 years Integrated MA Social Science with economics. There are 11 seats for economics. The University also offers MA economics / MA Financial Economics. There are 60 seats in the MA Economics course and 30 seats in MA Financial Economics. The admission is on the basis of entrance test conducted by the university in the month of June.
IIT Kanpur, Offers 4 years BS in Economics.
Indira Gandhi Institute of Development Research, Mumbai Offers M Sc Economics
Birla Institute of technology and science, Pilani, Goa, Hyderabad offer 5 year integrated M Sc Hons in Economics only for PCM students through BITSAT exam.
BHU, Benaras offers BA Economics Hons through entrance test called UGAT. MAths in class 12th is compulsory for this course.
St Xaviers College Kolkata ( NAAC A++) Offers B Sc Economics Hons with Mathemetics and Political Science and B Sc Economics Hons with Maths and Statistcs. Admission on the basis of class 12th marks. Index calculation is Aggregate % + Maths % ( Out of 200)
Central University of Rajasthan, Offers 5 year integrated MA Economics ( Mathematics in class 12th is compulsory) and 2 years MA Economics ( Economics / Mathematics / Statistics in Graduation is compulsory) and Integrated M Sc B Ed Economics ( 3 Years )
Colleges Offering Economics in Pune
Fergusson College Pune ( NAAC A grade ) offers BA Economics and MA Economics
Symbiosis College of Arts & Commerce, An Autonomous College | Under Savitribai Phule Pune University
(NAAC ‘A+’ ) Offers BA with Honours in Economics. First year is common for all students and from second year students can opt for Honours. Admission on the basis of Class 12th aggregate ( Not best 4 combination) ( Cutoff for BA in 2017 was 87 %). Students can also opt for ACCA certification along with B Com.
Colleges Offering BA Economics and MA Economics in Chandigarh
Panjab University, Chandigarh Department of Economics offers 5 years integrtaed BA Economics Hons and MA Economics course. Maths is a compulsory subject at class 12th. There are 33 (29+4 NRI) seats in the course. The Department also offers MA Economics. There are 85 seats in MA course.
GGDSD College, Chandigarh offers BA with Economics Hons ( For students whoc score at least 50% marks in economics in BA 1st Year). There are 350 seats for BA program with economics and 120 seats for economics hons. Admission on the basis of merit. Also offers MA economics. There are 60 seats.
DAV College Chandigarh offers BA Hons with economics.
Colleges Offering Economics in Mumbai
Mumbai University offer BA with economics at many colleges
St Xaviers college Mumbai
MithiBai College of Arts
HR College of commerce and economics
Narsee Monjee college of commerce and economics
KJ Somaiya College of Arts and Commerce
Ramnarayan Ruia college
Jai Hind College
NMIMS
Colleges Offering BA Economics and MA Economics in Ahmadabad, Gujarat
St Xaviers College Ahmadabad Offers BA Economics
Smt Sadguna C U Arts college for Girls Ahmadabad Offers BA Economics.
Colleges Offering BA Economics and MA Economics in Bangalore
St Joseph’s College (Autonomous) Bangalore offers BA with economics and MA Economics. Also offers B Sc with Economics, mathematics and Statistics.
Mt Carmel College, Banaglore (for Girls ) offers BA with economics and MA Economics. Also offers B Sc with Economics, mathematics and Statistics.
Christ University Bangalore offers BA Economics Hons / BA in Economics, Media Studies and Political Science.
Colleges Offering BA Economics and MA Economics in Kerala
ST. JOSEPH’S COLLEGE (AUTONOMOUS), DEVAGIRI KOZHIKODE, KERALA, INDIA Re-accredited with A++ Grade by NAAC Offers BA Economics ( 50 seats ) MA Economics ( 20 seats ) . Students who have studied economics in class 12th get advanatge in marks in admission.
Sacred Heart College, Kochi, affiliated to the Mahatma Gandhi University, Kerala ( A Grade ) Offers BA Economics , MA Economics
Marian College, Kuttikkanam P.O Peermade, Idukki District ( NAAC A Grade ) BA Economics
ST. TERESA’S COLLEGE (Autonomous) ( A Grade ) Ernakulam, Cochin Affiliated to Mahatma Gandhi University, Kottayam Offers BA Economics ( 70 seats), Eligibility Pass in +2 exam (Any stream) MA Economics ( 18 seats )
Farook College ( Autonomous ) Kozhikode ( NAAC A grade ) Offers B A Economics ( 60 seats )
Vimala College, Thrissur ( NAAC A grade ) Offers BA Economics
Malabar Christian College, Calicut ( NAAC A Grade ) Offers B A Economics
Maharaja College Ernakulam ( NAAC A Grade) Affiliated to Mahatma Gandhi University Offers BA Economics Hons and BA Economics , MA Economics
Mahatma Gandhi College, Thiruvananthapuram ( NAAC A grade ) Offers BA Economics
Colleges Offering Economics courses outside India
NUS Singapore Offers Bachelor program in Economics and also offers Joint Bachelor of Social Science in Actuarial Studies and Economics in partnership with Autralian National University.
In institutions of higher studies, Assistant Professor earns Rs 4 lakh to Rs 6 lakh pa. In industry the entry level salary is around Rs 7 lakh pa and for higher levels the salaries are very high.
Dr Manmohan Singh: Our current prime mister is an economist and in the past has held posts of chief economic adviser to Government of India, RBI governor and Planning Commission head. Nobel laureate
Amartya Sen is an economist famous for contributions to welfare economics.
Typically economists working in any sector research and analyse economics issues. They interpret and forecast trends, prepare reports to present their analysis. To come to their conclusions they use mathematics and statistics. Mostly their role is advisory or policy making for solving economic problems.
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