BA Economics: A comprehensive career guide

A career in economics can be both demanding and rewarding, with high-income potential. If you want to work in this sector, getting a decent education from a reputable university is essential for acquiring appropriate abilities. 

Although there are many colleges offering BA Economics programs around the world, it is crucial to evaluate each program before investing. Understanding the various subjects that make up a program’s syllabus will help you determine how industry-focused the curriculum is.

Why is economics an important subject?

It is the aftermath of the 2008 economic crisis which has resulted in the rise of new strategies and concepts for effectively running an economy. It would, therefore,   not be incorrect to argue that economics has broadened into a study of market patterns, business cycles, money markets, financial frictions and so on.

Given the importance of economics in society, many students intend to pursue a career in this field after completing their degree in Economics. 

This blog will look at what a bachelor’s degree course in Economics entails, its qualifying criteria, the top universities that offer this program, its core courses, and job options.

BA Economics is a bachelor’s degree program that can last 3 to 4 years, depending on the university. The course curriculum prepares students to address the world’s current economic challenges. It comprises two primary fields of economics: macroeconomics and microeconomics. It investigates the theoretical ideas essential to the proper operation of an economy, various forms of financial markets, and modern economic developments affecting the world at large.

BA Economics: Core subjects

BA Economics is a blend of core and elective modules that cover a wide range of topics, from microeconomics to macroeconomics. The core subjects for the entire program are the same for all candidates, whereas electives vary based on individual preferences. 

The list below shows a handful of the core subjects covered during the course

• Introductory Microeconomics 
• Mathematical Methods for Economics
• Intermediate Microeconomics
• Statistical Methods for Economics 
• Introductory Econometrics
• Developmental Economics
• Money and Financial Markets 
• Economic History

As a subfield of Humanities, Economics is related to several other academic fields that you may also study during your BA in Economics. 

These related fields of study include the following-

• Agricultural Economics
• Econometrics
• Developmental Economics
• Financial Economics
• Industrial Economics
• Labour Economics
• Business Economics 
• International Economics
• Banking Economics

BA Economics eligibility criteria 

Although the basic requirements for pursuing a BA in Economics vary depending on the university chosen, some common qualifying requirements are frequently stated by universities around the world. The following are the most typical eligibility requirements for applying to BA Economics: 

• Candidates must have completed their 12th grade through a certified examination board. 
• Candidates who plan to study in an anglophone country must take a language competence examination such as PTE, IELTS, or TOEFL. 
• Subject exam scores, such as the ACT or SAT, must apply for a BA Economics at a university.

Best Economics universities 

BA Economics is a popular course among commerce students and is provided by many institutions and colleges worldwide. The following is a list of top universities for bachelor’s degree programs in economics.

University	Location
Harvard University	USA
Stanford University	USA
University of California, Berkeley	USA
The London School of Economics and Political Science	UK
London Business School	UK
Bocconi University	Italy
National University of Singapore (NUS)	Singapore
University of Toronto	Canada
The University of Melbourne	Australia
The Australian National University	Australia

Top career pathways in economics

Students with a BA in Economics degree might pursue a variety of employment choices. We have compiled a list of top work fields for recent grads based on popular career routes. 

Actuarial Science: Many Economics graduates who excel in Mathematics and Statistics select this area. Actuaries utilize many ways to assess risks in insurance, finance, banking, and other related fields. 

Finance: The BA Economics course curriculum develops individuals’ financial skills, allowing them to find work in the finance and banking sectors. Many pursue higher education through an MBA or an MA in Finance.

Law: The potent mix of Law and economics can propel you to new heights. By pursuing a three-year LLB program, an economics graduate can enter the field of Corporate Law. 

Management: BA Economics graduates take the CAT, GMAT, or other similar tests to pursue an MBA degree. Management degrees cover human resources, operations, public relations, sales, and marketing, among others, and provide lucrative employment options. 

Consulting: Many businesses engage economics graduates as advisors to address economic problems, provide detailed reports, and develop strategies. Issues confronting such organizations include transportation of goods and services and budgetary policies.

Key takeaways

• Economics, also known as the ‘Queen of the Social Sciences,’ is all about choice and is at the center of all decision-making.
• Economics is a social science field that studies the production, distribution, and consumption of market items and services.
• Economics graduates have a good employability rate, demonstrating that you will develop a variety of skills that can enhance your CV.

Liked this blog? Read next: BA Economics subjects | Everything you need to know!

FAQs

Q1. What are the advantages of studying BA economics? 

Answer:  Following globalization, the scope of the BA Economics course has expanded dramatically. 32% of females work in this industry and earn an average of INR 1,92,121 to 8,94,397, whilst 68% of males work in economics or finance and earn an average of INR 2,22,844 to 10,02,882.

Q2. Is a BA in economics a good option? 

Answer:  The economics curriculum provides you with a thorough understanding of finance, markets, and resource management. .Strong core knowledge,  because of the versatility and breadth of an economics degree, can serve as the cornerstone for numerous well-paying employment. 

Q3. Is there a future for economics? 

Answer: Yes, it is a rewarding profession. An economics graduate will have some distinctive and in-demand talents, and work prospects are generally favorable. Many banking and accounting professionals have economics degrees. An economics degree is a strong basis to build on for any finance-related employment.