Categories: Course Details

Business Economics Course | Details, Duration, Eligibility Criteria, Skillset, Admission Procedure, Syllabus, and Job Opportunities

Business Economics Course: Business Economics is one of the popular courses under the management stream. Business Economics is a part of Applied Economics. Business Economics discusses different corporate issues like organizational, financial, market-related, and environment-related. It helps in solving these issues with quantitative methods and economic theory. Business Economics provides information on subjects such as distribution, product factors, scarcity, and consumption. Managerial Economics is one of the essential parts of Business Economics. The principles of Managerial Economy is focussed on influencing and guiding a firm about corporate strategies for better outcome of the firm. In this article, you will get complete details about the Business Economics course.

Get to Know More about other types of Course Details in Stream wise, and Category wise.

About Business Economics Course

Business Economics can be studied at both undergraduate and postgraduate levels. The undergraduate courses on Business Economics are for three years, whereas the postgraduate courses in Business Economics are for two years. Business Statistics is one of the core subjects of Business Economics because it helps to understand an organization’s current situation and suggests possible solutions when a problem arises. Candidates get comprehensive knowledge of Economics and Finance through this course. These two subjects are essential for any organization. Business Economics helps the students in thinking critically, researching, and analyzing. There is a wide range of job opportunities for students who have done a course in Business Economics. These professionals are offered handsome salary packages in India by many national and multinational organizations.

Types of Courses in Business Economics

Business Economics is available in undergraduate, postgraduate, and certification courses. Some popular undergraduate-level programs that you can pursue in Business Economics are:

  • Bachelors in Business Economics
  • BA (Hons) in Business Economics
  • BCom in Business Economics
  • BA (Hons) in Business and Economics
  • BCom (Hons) in Business Economics
  • BBA Business Economics

Some popular postgraduate-level programs for Business Economics courses are:

  • MBA in Business Economics
  • MBE in Business Economics
  • MA in Business Economics
  • Master in Business Economics
  • Integrated Post Graduate Diploma in Business Economics
  • MA in Applied Economics

Business Economics Course Details

Course Level Graduation/Postgraduation/Certification
Course Duration Graduation: 3 years

Postgraduation/Certification: 2 years

Type of Examination Semester type
Eligibility Criteria Graduation: 10+2 from a recognized board

Postgraduation/Certification: Graduation from a recognized board

Admission Process Entrance exam or direct admission based on the last examination’s result
Course Fee 10,000 rupees to 5 lakhs rupees
Average Starting Salary 3.5 to 7 lakhs per annum
Top Recruiting Areas Research and Business Development Hubs, Corporate Sectors, Financing Sectors, Stock Markets, Banking Sectors, Consultancy Services, Colleges & Universities, and Insurance Companies
Job Positions Business Development Executive, Business Planning & Finance Analyst, Economics, Business Manager, Business Economics Associate, Teacher & Tutor, Business Analyst, Economics Business Analyst, Business Analyst, and Medical Economics Manager

Skillset Required for Business Economics Course

Candidates willing to do a course in Business Economics must have good mathematical knowledge. As this course is involved much with businesses, candidates should possess good communication skills. Candidates from commerce background are best suitable for this course. It is because this course has subjects such as Finance, Economics, and Statistics. Some of the prerequisites that candidates should have are discussed below:

  • Problem-solving skills
  • Hardworking
  • Confidence
  • Good observation skills
  • Organizational skills
  • Logical thinking
  • Intellectual curiosity
  • Ability to write quickly
  • Research skills
  • Patience

Business Economics Course Duration

The duration of undergraduate degree programs in Business Economics is three years. The duration of postgraduate degree programs and certification courses in Business Economics is two years.

Business Economics Course Eligibility Criteria

Candidates willing to get admission to the Business Economics undergraduate degree program secure a minimum of 50 percent marks in aggregate in class 12 board examinations. Candidates belonging from reserved categories may apply with 45 percent marks in aggregate in class 12 board examination. Though students from any stream can apply for this course, most institutions prefer students from commerce backgrounds.

Candidates interested in getting admission to Business Economics postgraduate degree or certification program should secure at least 50 percent marks in total in a bachelor’s degree in any discipline. Candidates should get a minimum of 45 percent marks in Economics in the undergraduate programs. Final year students awaiting results can also apply for the course, but the institution will confirm after submitting a copy of the result.

Business Economics Course Admission Procedure

The majority of the institutions offer Business Economics degree and certification courses based on an entrance examination. Despite that, a few institutions provide direct admission based on the merit obtained in the examination. Some institutions take personal interviews before affirming admission. You should check your preferred organization’s authentic website for complete details about their admission procedure.

Entrance-Based Admission Procedure

Many institutions prefer taking an entrance examination as a process of admission in the Business Economics course. There are various entrance examinations in India to get admission to the Business Economics course. Some of the top-level entrance examinations for the Business Economics course are discussed below:

  • Lady Shri Ram College for Women Entrance Exam
  • Loyola College Entrance Exam
  • Christ University Entrance Exam
  • Miranda House College Entrance Exam
  • Presidency College Entrance Exam
  • Madras Christian College Entrance Exam
  • Hindu College Entrance Exam
  • Hans Raj College Entrance Exam
  • Fergusson College Entrance Exam
  • Ramjas College Entrance Exam
  • Jesus And Mary College Entrance Exam
  • Presidency University Entrance Exam
  • Jai Hind College Entrance Exam.

Merit-based Admission Procedure

Some institutions offer direct admission in Business Economics based on the merit obtained in the last examination. Most of the institutes prefer a minimum of 50 percent marks in aggregate in class the last examination. Candidates from reserved categories ( SC/ ST/ OBC ) can apply with at least 45 percent marks in aggregate in the previous examination. For postgraduate programs, candidates should get a minimum of 45 percent marks in Economics.

Business Economics Course Fee Structure

The course fee of the Business Economics undergraduate/postgraduate/certification course varies from 10000 rupees to 5 lakhs rupees. However, the course fee depends on the type of course, the institution’s reputation, and location. The fee structure is comparatively lower in government institutions than private schools.

Business Economics Course Syllabus

The syllabus of the Business Economics course is mentioned in the chart below. However, this is just an overall idea about the subjects and topics covered in the Business Economics course. The actual syllabus of a college may differ slightly.

Business Economics Course (Undergraduate Level)

Course Syllabus
Bachelors in Business Economics Economics of Firm Strategy

Economics of Money and Banking

Managerial Economics

Basic Financial Accounting

Entrepreneurial Development

Statistics for Business Analysis

Marketing

Macro Economics

Fiscal Economics

International Economics

Indian Economy and Economic Reforms

Human Resource Development

Financial Markets

Electives

BA (Hons) in Business Economics Microeconomics – 1

Statistics for Business Economics

Fundamentals of Business & Accounting

Business Communication

Microeconomics – II

Mathematics for Business Economics

Legal Aspects of Business

Marketing Management

Macroeconomics – 1

Industrial Economics

Business Finance

Basic Econometrics

Macroeconomics – II

Organizational Behaviour

Quantitative techniques for Management

Indian Financial System

Indian Economy

Computational Techniques for Business Economics

Elective Paper – Investment Management

Elective Paper – Consumer Behaviour

Elective Paper – Advanced Econometrics

Elective Paper – International Economics

Elective Paper – Project Management

Environment Economics

Business Strategy & Ethics

Elective Paper – International Finance Management

Elective Paper – Advertisement & Branding

Elective Paper – Advanced Mathematical Techniques

Elective Paper – Economic Growth & Policy

Elective Paper – Entrepreneurship and Family Business

BCom in Business Economics English Language

Regional Languages: Kannada/ Sanskrit/ Urdu/ Tamil/ Telugu/ Marathi/ Hindi

Financial Accounting

Principles of Management

Business Mathematics

Business Economics

Human Resources Management

Business Statistics

English and Business Communication

Corporate Accounting

Marketing Management

International Business Environment

Indian Financial System

Indian Constitution

Financial Management

Law and Practice of Banking

Cost Accounting

Computer Fundamentals

Methods & Techniques of Cost Accounting

Income Taxes

Entrepreneurship Development Programme

Computer Business Applications

Business Laws

Management Accounting

Services Management

BBA Business Economics Nature and Scope of Managerial Economics

Demand Analysis

Meaning of Demand

Production and Cost Analysis

Pricing Methods and Strategies

Full Cost Pricing

Market Classification

Profit and Profit Management

Capital Budgeting

Project Profitability

Business Economics Course (Postgraduate Level)

Course Syllabus
MBA in Business Economics Management Process

Business Statistics

Business Legislation

Accounting for Managers

Managerial Economics

Economics of Industries

Marketing Management

Human Resource Management

Financial Management

Organization Behaviour

Production Management

Indian Economics

Business Policy and Strategic Management

Economics of Decision Making

Computer & Management Information System

Quality Management

MBE in Business Economics Microeconomics Analysis

Applied Business Statistics

Principals of Business Finance and Accounting

Organizational Behaviour and Development

Project Appraisal and Impact Analysis

Legal Environment and Business

Macroeconomics Analysis and Policy

Industrial Economics

Marketing Management

International Trade and Business

Economics of Natural Resources and Environment

Fundamentals of Econometrics

Financial Market and Intermediaries

Economics of Services

Strategic Management

India in the Contemporary World Economy

Sustainable Development and Business

World Trading System

Global Financial

MA in Business Economics Management Concept and Processes

Managerial Economics

Business Environment

Financial Accounting

Quantitative Methods

Computer Applications in Management

Business Legislation

India Ethos and Values

Marketing Management

Human Resource Management

Organizational Behaviour

Research Methodology

Business Communication

Financial Management

Management Accounting

Production & Operation Management

International Business Environments

Operation Research

E-Commerce

Project Management & Entrepreneurship

Economic Analysis and Policy

International Financial Management

Indian Financial System

Rural Marketing

Business Policy and Strategic Management

Management Information System

India’s Foreign Trade Policy

Export-Import Procedures Documentation and Logistics

Banking and Foreign Exchange Management

Industrial Economics

Macroeconomics

Indian Financial Market and Services

Post Graduate Diploma in Economics Mathematics

Statistics

Business finance

Applied Microeconomics

Advanced Macroeconomics

Econometrics of Business

Elective Papers

Dissertation

Top Institutions Offering Business Economics Course

The top-level institutions in India that offer Business Economics course are listed below:

  • University of Delhi, Delhi
  • Lovely Professional University, Punjab
  • JIMS, Delhi
  • Amity University, Uttar Pradesh
  • Goa Institute of Management, Goa
  • FORE School of Management, Delhi
  • Gauhati University, Assam
  • Institute of Business Management, Madhya Pradesh

Career Prospects in Business Economics

After completing Business Economics, candidates can join the private or public sector. They can also be self-employed. Candidates can again go for further studies and research. Business Economics has become an essential part of global business. From startups to big organizations, every organization has shown interest in hiring candidates with a Business Economics degree to reform their business and ensure maximum profit. Candidates can also work in foreign countries after completing the Business Economics course.

Employment Areas

Business Economics course can help you land a wide range of jobs available in different industries. Some of the sectors that hire candidates with a Business Economics degree are given below:

  • Research and Business Development Hubs
  • Corporate Sectors
  • Financing Sectors
  • Stock Markets
  • Banking Sectors
  • Consultancy Services
  • Colleges & Universities
  • Insurance Companies

Job Profiles Under Business Economists

Business Economics has become an integral part of global business. So, you may explore many job opportunities after completing the Business Economics course at the undergraduate or postgraduate level. Some of the job positions offered to candidates after completing the Business Economics course are discussed below:

  • Business Development Executive
  • Business Planning & Finance Analyst
  • Economics Business Manager
  • Business Economics Associate
  • Teacher & Tutor
  • Business Analyst
  • Economics Business Analyst
  • Business Analyst
  • Medical Economics Manager

Salary Prospects of a Business Economist

The salary for candidates with a Business Economics degree depends on the experience and expertise of candidates. Furthermore, it also depends on the location and reputation of the company. A fresher with a Business Economics degree gets a monthly salary of 15000 to 30000 rupees in India. An expert in this field can earn up to 12 lakhs per annum in India.

FAQ’s on Business Economics Course

Question 1.
Is the Commerce background necessary for getting an admission Business Economics course?

Answer:
No, it is not necessary. However, some institutions give preference to students from Commerce background.

Question 2.
What is the duration of the Business Economics course?

Answer:
The duration of undergraduate degree programs in Business Economics is three years. The duration of postgraduate degree programs and certification courses in Business Economics is two years.

Question 3.
Are there MBA programs in Business Economics?

Answer:
Yes, there are MBA programs in Business Economics.

Question 4.
What jobs can you get with a Business Economics degree?

Answer:
You may explore many job opportunities after completing the Business Economics course at the undergraduate or postgraduate level. Some of the job positions are Business Development Executive, Business Planning & Finance Analyst, Economics Business Manager, Business Economics Associate, Teacher & Tutor, and Business Analyst.

Question 5.
Can Arts students apply for the Business Economics course?

Answer:
Yes, students from any discipline can apply for the Business Economics course. It is better if they have studied Economics.

Ram

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