byGaganDeep
Updated on - 23 May, 2024
Applied Economics is one of the Bachelor of Commerce Programs that is designed to offer knowledge to students on economics theories and how they work in the business world. It normally takes 3 years to complete and students are offered topics such as microeconomic, macromolecules, econometric, mathematical economic, public finance, money and financial markets among others.
The following entrance examinations are considered for B.Com Applied Economics across colleges: AUAT, CUET, state CETs, some institutional level tests etc. The exam notifications are mostly released during December and January while the exams are held in April and May. After declaration of the result in the month of June-July, counselling and admission session held in the month of July-August. They are typically by the latest beginning of the first week of September once admissions are complete. These dates may differ based on the standards set by the concerned university.
| Feature | Details |
|---|---|
| Full Form | Bachelor of Commerce (Applied Economics) |
| Duration | 3 Years (Full-Time) |
| Course Level | Undergraduate |
| Eligibility | 10+2 (Any Stream) with Minimum Marks Requirement (varies by college) |
| Top Colleges (India) | Delhi University (Delhi), Christ (Deemed to be University) (Bangalore), Symbiosis School of Economics & Finance (Pune), Loyola College (Chennai), Amity School of Business (Noida) |
| Entrance Exam | Merit-Based Selection |
| Entrance Exam (Examples) | University Entrance Exams (DUET, CUCET etc.), Institute Specific Entrance Exams |
1. The candidate must have passed 10+2 or any other equivalent examination from a recognized board having a minimum of 50% aggregate marks.
2. Mathematics is also one of the main subjects taught in the 10+2 curriculum and is mandatory for some universities.
3. There are some universities that have certain age limits like below 21 years or below 23 years and so on.
4. IELTS/TOEFL like scores may be needed depending on the university you wish to attend or the course you intend to take.
5. Entrance exams are also common for admission in universities as some of them conduct their own exams.
6. Sometimes work experience in some related fields may be given some weightage or may be made mandatory in certain institute.
1. CAT – Common Admission Test that is conducted by the IIMs to help select candidates for the management programs and courses like B.Com
2. CUCET – Central Universities Common Entrance Test: It is an entrance test that can be taken for any of the central universities in India for admission to any course including those in economics.
3. UPSEE – Uttar Pradesh State Entrance Examination Test is another examination that allows students to get into colleges of Uttar Pradesh including B.Com economics.
4. IPU CET – Guru Gobind Singh Indraprastha University Common Entrance Test for students seeking admissions in colleges in Delhi region for the courses such as B.Com economics
5. BHU UET stands for Banaras Hindu University Undergraduate Entrance Test which will be conducted for getting admissions in various undergraduate programs offered at Banaras Hindu University, Varanasi.
| Subject | Important Topics |
|---|---|
| Microeconomics | Theory of Demand & Supply, Market Structures (Perfect Competition, Monopoly etc.), Consumer Behavior & Theory, Production & Cost Analysis, Market Failure & Government Intervention |
| Macroeconomics | National Income Accounting, Inflation & Unemployment, Business Cycles, Monetary & Fiscal Policy, Economic Growth & Development Theories |
| Econometrics | Introduction to Statistics & Probability, Data Analysis Techniques, Regression Analysis, Hypothesis Testing & Econometric Modeling |
| Mathematics for Economics | Calculus (Differentiation & Integration), Linear Algebra, Matrix Algebra, Optimization Techniques |
| Development Economics | Theories of Economic Development, Poverty & Inequality, Development Planning & Strategies, Role of International Trade & Aid |
| Public Finance | Government Budgeting & Taxation, Public Expenditure & Debt Management, Fiscal Policy & Economic Stabilization |
| Indian Economy | Structure & Features of Indian Economy, Agriculture, Industry & Services Sector, Banking & Financial System, Economic Reforms & Policies |
| International Economics | International Trade Theories (Comparative Advantage etc.), Balance of Payments, Foreign Exchange Market, Trade Policies & Agreements, Globalization & its Impact |
1. Passing 12th in any stream with an average of fifty percent and above.
2. It can be done both online, and in a conventional way with necessary certificates and documents.
3. Take entrance test if any such test is available for the course you are applying for
4. It is recommended that one should attend counselling if it is needed.
5. In case an applicant is selected, they are required to fill the admission form and provide fee as well.
6. Obtaining admission confirmation and undergo through the program
| College Name (City, State) | Fees (Annual Approx.) |
|---|---|
| Christ (Deemed to be University) (Bangalore, Karnataka) | ₹ 1,00,000+ |
| Symbiosis School of Economics & Finance (Pune, Maharashtra) | ₹ 1,20,000+ |
| Loyola College (Chennai, Tamil Nadu) | ₹ 80,000+ |
| Amity School of Business (Noida, Uttar Pradesh) | ₹ 70,000+ |
| Ashoka University (Sonipat, Haryana) | ₹ 2,00,000+ |
| Shiv Nadar University (Delhi NCR) | ₹ 1,50,000+ |
| College Name (City, State) | Average CTC (LPA) |
|---|---|
| Christ (Deemed to be University) (Bangalore) | 3.5-5 |
| Symbiosis School of Economics & Finance (Pune) | 4-6 |
| Loyola College (Chennai) | - |
| Amity School of Business (Noida) | 3-4.5 |
| Ashoka University (Sonipat) | - |
| Job Title | Specialization | Average Salary (LPA) |
|---|---|---|
| Business Analyst (Economic Focus) | Business Analytics, Data Analysis | 4-6 |
| Economic Consultant | Development Economics, Public Policy Economics | 5-8+ |
| Research Analyst (Economics) | Financial Economics, Labor Economics | 3.5-5 |
| Risk Analyst (Financial Institutions) | Financial Econometrics, Banking & Financial Markets | 4-6 |
| Market Research Analyst (Consumer Economics) | Behavioral Economics, Marketing Analytics | 3.5-5 |
| Policy Analyst (Government) | Public Finance, Public Policy Economics | 4-6 |
| Management Consultant (Economics Focus) | Strategic Management, Business Economics | 4-7 |
| Financial Analyst (Entry-Level) | Financial Markets, Econometrics | 3-4.5 |
| Data Analyst (Economics Focus) | Business Analytics, Econometrics | 3.5-5 |