B.Sc Economics

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Best B.Sc Economics College in Uttarakhand, India

Bachelor’s of Science in Economics is an under graduate course of 3years which is equally divided into 6 semesters. The program is mainly concerned with the production, consumption, and transfer of wealth. This course is all about how individuals, businesses, governments, and nations make choices about how to allocate or distribute resources. Legal studies, money and banking, global finance, economic history, international trade, collective decisions are the subjects related to this course and this program also deals with the study of mathematics and statistical theory related to economics. The major subjects related to B.Sc Economics:

  • Microeconomics
  • Elementary Mathematics for Economics
  • The Monetary System
  • Mathematical Applications in Economics

Economics specializes in the action of human beings, primarily based on assumptions that people act with rational conduct, seeking the most suitable degree of gain or utility. The building blocks of economics are the studies of labor and trade because there are numerous feasible applications of human hard work and lots of extraordinary ways to collect resources, it is the venture of economics to determine which techniques yield the exceptional results. 

Best B.Sc Economics College in Uttarakhand, India

B.Sc Economics degree in India for the graduated aspirants can secure job opportunities in sectors related to a data analyst, credit manager, research analyst, senior analyst, and data scientist. Ever since trade started in India, the job of an economist has always been on demand from the government authority to support the backbone of any country by trading overseas. Things have not changed a bit since the last few years in the trade but still, economists are very high in demand with handsome receiving salaries.

What does an economist do?

Economists have various departments where they are allocated to do following jobs

  • Research and Development: Economists research about the different methods to analyze mathematics and economic objects.
  • Designing Product: While working on the economic solution, the economists design the methods that could be useful to many other institutes to make the task easy.
  • Marketing: The Economist researched and developed study products ready to be shared globally to understand the course better.

Why BFIT?​

BFIT being among the top colleges for B.SC Economics in Uttarakhand is well known for its quality education. The institute is reputed because of its way of teaching, imparting knowledge to the students through various modes. The institute has a motivating environment that encourages students to engage properly in the college programs. The curriculum has been set in such a way so that it brings out the best version of students. The institute gives special emphasis on training rather than just focusing on theoretical work. Students are given appropriate lectures that include theoretical aspects of the subject and also training to understand the subject in a better way.

Renowned professors from various universities are also called for guest lectures on current issues. Various seminars are organized to give the better understanding of the subject to the students. Proper opportunities are given to the students to interact with the guest and ask their concerned query. All the practical work inspires students to take interest in stockholders, analyzing economic budget and other financial aspects that the society demands. 

BFIT promises to deliver the best education to its students and is always continuously working for the better future of the students. Various healthy competitions and debates are held regularly for the students which help them to get an edge over others in terms of critical thinking, logical analysis and deep understanding of crucial economic issues. We aim at creating economists who would be knowledgeable not only with the strong foundation of economic theory but also with skills required to tackle and analyze the real world business and economic issues.

B.Sc Economics Eligibility

  • Minimum qualification required is 12th in any stream from any recognized board.
  • Minimum percentage required is 45% for GEN/OBC and 40% for SC/ST.

B.Sc Economics Scope In India

There are plenty jobs which the candidates can pursue according to his/her wish. Graduate can work in private and public sector.

  • Indian Economic Services (IES), those who have completed graduation in Economics can appear in Indian Economic Service exam which is conducted by UPSC.
  • Reserve Bank of India also hires economists in their banking sector through their own different recruiting examinations that are held from time to time.
  • The Securities and Exchange Board of India (SEBI) is the government body for securities and commodity market in India under the Ministry of Finance, Government of India. Economics graduates need to qualify the SEBI exam to work in the department as an economist.
  • Economics graduates can appear in IBPS and State Bank recruitment exam also to get job in the banking sector.

There are many private sectors where economics graduate can work as

  • Financial Risk Analyst: Financial Risk Analyst analysis or calculate the risk associated with specific trading transactions. He looks after the account of risk management in the organization.
  • Data Analyst: Data analyst extracts the information using data analyst tools from raw data which help organizations to understand various facts and trends.
  • Financial Planner (Banking Sector): Financial planner role is to advise a company’s management on the most financially efficient means of growing the company’s business and profits.
  • Equity Analyst: The role of an equity analyst is to analyze financial data of companies, and use this analysis to extract the value of the company’s stock and to assume the company’s future financial picture.
  • Actuary: An actuary uses math and statistics to estimate the financial impact of uncertainty and help clients minimize risk.
Course Fee

Candidates will be admitted on the basis of AIBFEE (B.Sc Economics).
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Admission Process

Admission in Under Graduate Course- B.Sc Economics is based on Percentage of the graduation marks / AIBFEE Exam / GD-PI.

Best B.Sc Economics College in Uttarakhand, India

B.Sc Economics Syllabus

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Scope for higher education after B.Sc Economics is

  • Sc (Hons) in Economics
  • Sc in Financial Economics and Administration
  • Sc in Applied Econometrics
  • Sc Quantitative Economics
  • Com in Rural Economics
  • A in Quantitative Economics

Salary is INR 2.5LPA – INR 4LPA for freshers and for experienced candidates it can go upto INR 5LPA- INR 20LPA.

Below are some of the skills which are necessary to become a good economist.

  • Analytical Skills: It is the ability to reduce information into smaller categories in order to draw conclusions and make them easy to understand.
  • Communication Skills: Economists need to have good command over their speaking skills as they represent the data information in their organizations.
  • Critical- thinking Skills: Economists must have the capacity to think clearly and rationally so that they can make the best decision for their organization.
  • Math Skills: Calculations are the most important part of economics. Economist should have good math skills because his work mostly contain of math problems and interpretation of numerical data.