BA Economics subjects | Everything you need to know!

A career in Economics can be challenging and dynamic, with significant earning potential. If you are considering being a part of this field, pursuing a good program from a reputed university is key to developing relevant skills. While many universities worldwide offer BA programs with BA economics subjects, knowing which program has value is vital before investing. Understanding the different subjects that comprise a program’s syllabus can help you ascertain how industry-oriented the curriculum is. 

So, we have compiled a list of BA Economics subjects to make your decision about choosing a BA program easy. Keep scrolling! 

What are the different BA Economics subjects covered per semester?

A typical BA Economics undergraduate program is 3 years in duration and divided into a series of 6 semesters. Each semester caters to a specific set of skills that mentors and industry experts will train you. 

The subjects covered in a regular undergraduate Economics course per semester are as follows-

Semester 1 

The subjects of semester 1 are designed to provide a foundation in the specifics of the field. Some of the subjects covered include- 

• Input Markets 
• Value & Price 
• Commodities & Types 
• Supply & Demand of Utilities 
• Methods of Economic Analysis 
• Evolution of Economics
• Households
• Economic Theory 
• Mathematical Methods of Economics 
• Managerial Economics 
• Economics of Banking & Money 
• Economics of Firm Strategy 

Semester 2 

From semester 2 onwards, the curriculum begins to get technical, emphasizing numbers and pricing. The different subjects covered include-

• Concept & Classification 
• Break-Even Points 
• Concept of Revenue 
• Accounting & Opportunity
• Fixed & Variable costs 
• Economics of Scale 
• Market Equilibrium 
• Price-Output Determination
• Monopolistic Competition 
• Factor Pricing 
• Economy & Society 
• Econometrics 
• Profit: Gross & Net 
• Theories of Rent & Wages 

Semester 3

The semester 3 BA Economics subjects shed significant light on national and global economic traits. These include-

• Land Use Pattern 
• Population Distribution
• Demographic Features 
• Mineral Resources
• Mechanization
• Cottage & Small-Scale Industries 
• Consumer Theory 
• Production, Costs, and Perfect Competition 
• Open-Economy Models 
• Inflation, Unemployment, and Expectations 
• Foreign Economics Theory 
• Economics of the Society
• Basic Financial Accounting 
• Economics of Money & Banking
• Economics of Firm Strategy 
• Rural Credit 
• Primary, Secondary & Tertiary Sectors in Economy

Semester 4 

The BA Economics subjects of this semester are designed to train you in the different niches within the field. The different subjects covered in the fourth semester of an undergraduate Economics program include- 

• Five-Year Plans
• Housing & Sanitation 
• Health, Nutrition, Education, Skills & Knowledge 
• Insurance & Banking 
• Communication, Transportation, Power & Irrigation
• Market Failure 
• Game Theory & Market Structure 
• General Welfare, Efficiency, and Equilibrium 
• Schools of Macroeconomic Thought 
• Monetary & Fiscal Policy 
• Entrepreneurial Development 
• Marketing 

Semester 5

Semester 5 is highly-theoretical with a strong basis in complex economic subjects & principles. The different subjects covered in this semester of a BA Economics program include-

• Effective Demand 
• Aggregate Demand & Supply Functions 
• Classical Theory of Employment 
• Keynesian Theory of Employment 
• Circular Flow of Income 
• Macro-Variables – Flow & Stock 
• Consumption Function
• Growth & Distribution 
• International Economic Comparisons 
• Population & Human Development 
• Conception of Development 
• Political Institutions and Effect on Economy
• Human Resource Development
• Simple Investment 
• Average & Marginal Propensities
• Accelerators

Semester 6 

Semester 6 comprises subjects that effectively summarize the entire program through a national & international economic lens. The different BA Economics subjects covered in the final semester of the program include-

• Canons of Taxation 
• Principle of Maximum Social Advantage 
• State & Market – Roles & Functions
• Public, Private & Merit Goods 
• Public Economics
• Finance
• Principles of Public Debt 
• Methods of Redaction 
• Principles of Public Expenditure 
• Sources of Revenue 
• Performance & Trends in Services 
• Policies & Performance in Industries 
• Macroeconomic Policies and Impact 
• Globalization 
• Environment & Sustainable Development 
• Land, Labor & Credit Markets 
• Development & Demography 
• Financial Markets 
• International Economics 
• Fiscal Deficit 
• Constitution & Function of Finance Commission
• Demand-Pull & Cost-Push Inflation 
• Inflation, Deflation & Recession 

What are the career options I can consider after a BA Economics degree? 

Once you have identified the program that is most aligned with your interests and the industry, you can consider investing in developing your skills. 

You can get several opportunities after completing a BA Economics degree. This program is designed to provide you with a wide range of technical and practical skills, as demanded by the field. 

Therefore, the curriculum is designed to cater to all niches and vocations within the vast industry. You can venture into these industries with a BA Economics qualification-

Finance 

The BA Economics program curriculum harnesses your financial understanding & intellect skills. Therefore, with this qualification, you can consider moving into the field of Finance & Banking. 

Actuarial Science 

BA Economics program will equip you with the analytical & practical skills needed for a career in Actuarial Science. Actuaries are professionals who use statistical methods and mathematical skills to determine risks in insurance, finance, and other fields. 

Management 

You can consider a career in management with a BA Economics degree. The curriculum of this undergraduate program will equip you with basic and comprehensive management skills needed to practice management and related activities. 

Key takeaways 

• BA Economics program is among the most popular programs considered by aspirants seeking a career in the field.
• Knowing the different subjects within the syllabus of a program can help you determine how industry-oriented the curriculum is. This can aid you in making a wise decision regarding the investment of your time & money. 
• A regular BA Economics program will be structured into a series of 6 semesters. Each semester is designed to cater to a specific set of skills needed in the field. 
• There are several fields and career opportunities that you can consider after completing a BA Economics degree! 

We hope this blog gave you enough information about the BA Economics subjects. If you are confused about choosing the right course or university, we can help! You just need to reach out to us or drop a comment below. 

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FAQs 

Q1. Can I work in a consultancy firm with a BA Economics degree?
Answer – Yes, several consultancy firms across the world hire Economics graduates to act as advisors for the firm. 

Q2. What are the different interdisciplinary fields within Economics? 

Answer – Some of the most popular interdisciplinary fields within Economics include Econometrics, Developmental Economics, Banking Economics, International Economics, and Financial Economics. 

Q3. Can I go into Law with a BA Economics degree? 

Answer – Absolutely! The combination of knowledge in Law and Economics can give you career opportunities in public policy, market research, and corporate law.