How BA Economics Become A Gateway Of A Most Rewarding Career?

Economics is growing continuously in popularity because of its far-reaching relevance in different areas, including GDP, banking, finance, development, statistics, etc. As a result, Economics has emerged as the most sought-after degree among students and is known for requiring dedication over three years.

Bachelor's in Economics degree equips students with finance, banking, markets, business principles, and money working concepts. Under these areas lie topics of supply, production, demand, history of India, economy, inflow and outflow of capital, operations of loans, national income, international economics, rise and fall of prices in the market, GDP, and statics, inflation, and deflation of currency.

What Is BA Economics All About?

BA Economics syllabus is a blend of, Microeconomics, and Statistics. So let's look at these three core topics of the course!

Macro Economics: Macro Economics is a subject that studies the national and internal economy as a surrounds broad concept of government balance and budget of income, payments, and employment.

Micro Economics: This subject deals with the study of economics concepts at the individual level, including the analysis of demand and supply, price determination, types of markets, etc.

Statistics: Statistics is a necessary part of the study of Economics as it enables candidates to be proficient in interpreting and implementing financial information.

Moreover, the program brings about interest, curiosity and creativity in the young minds of students, further leading them to build promising careers in finance, auditing, marketing, statistics, actuary, banking, etc.

How Much Is Math Involved in BA Economics?

This is one question that is common among lots of students. For example, suppose you are somebody who is not very proficient in Mathematics. In that case, you may wonder if choosing economics is the right choice for you or not and exactly how much Mathematical ability you would need during the program.

The answer to each and every question is that you should possess a decent grasp of Mathematics as it is necessary for economics and statistics. Moreover, maths help you understand the topics included in the BA Economics Course, and it may be quite hard for you to cope with the topics if you are not handy with mathematics. Therefore, most institutes take in students who have studied mathematics till class 12th.

Career after BA Economics

The career after a BA degree in Economics is vast and overreaching. This degree can uplift your employability possibilities in various industries. Below are some promising career alternatives that open up after pursuing an economics degree from a renowned institution.

Actuarial Analyst: They are responsible for utilising statistical models to analyse data and calculate costs for occasions like property destruction or product failure.

Data Analyst: Their responsibility is to analyse data in simple English. They use a substantial volume of data to churn out valuable data to assist the organisation in making efficient decisions.

Economists: Economists are responsible for analysing and researching economic issues using statistical methods and mathematical models.

Financial Risk Analyst: They are responsible for determining potential financial risks that might put the functioning of an organisation at the chance.

Statisticians: They are responsible for designing information acquisition trials by assessing and analysing data.

Data Scientist: They work to develop various machine-learning tools within an organisation to perform statistical studies and enable the design of recommendation engines and automated lead scoring systems.

Business Development Manager: They are responsible for communicating product developments to potential customers and overseeing marketing strategies' progression and implementation.

Moreover, today, economists have been transforming the way the world functions. They are among those who are adding quality to the economy's dynamics. Therefore, many industries now acknowledge economists' potential for developing and expanding their businesses.

These are the overview of programs you can do once you complete your BA degree, for which you require to know your inclination towards certain subjects. For example, if you are more interested toward accounting, you should go for CPA, ACCA, or CA. Or else, if finance is your cup of tea, go for a Master's in finance from a reputed college. Do some soul-search. Have some time to handle that. Then, you have sufficient time to think about all your options.