A guide to understanding Economics: Bachelor of Science (Economics) Honours

A guide to understanding Economics: Bachelor of Science (Economics) Honours

Economics is a social science that studies how individuals, businesses, and governments allocate scarce resources. A Bachelor of Science (Economics) Honours is an undergraduate degree programme that provides students with a thorough understanding of the principles of micro and macroeconomics and the tools and techniques used to analyze economic issues.

Curriculum Overview

The B.Sc. (Economics) Honours programme typically covers various topics, including microeconomics, macroeconomics, econometrics, statistics, and mathematical economics. In addition, students may also take elective courses that allow them to specialize in a specific area of economics, such as labour economics, international economics, or public economics.

Admission Process

The B.Sc. (Economics) Honours programme typically uses a standard entrance test and a merit-based selection process for admission. It is similar to the method used by many universities and colleges in the country.

Most universities and colleges conduct a standard entrance test, such as MUET, or use commonly held entrance exams like NET to admit students. However, some universities may conduct their own entrance exams, such as Symbiosis Entrance Test (SET) for Symbiosis International (Deemed University). Eligible students must apply for these exams and pass them to be considered for admission.

After the exams, a merit list of qualified candidates is created. These candidates are invited for admission by the university or college. The final seat allocation and fee payment will take place after this process. This process is typically similar across all colleges and universities that offer the programme.

B.Sc. Economics Honours: Eligibility

To be eligible for the B.Sc. Economics Honours programme, a candidate must have completed their 10+2 or equivalent examination from a recognized state or central board with a minimum of 50% marks (relaxable for reserved category candidates). In addition, the candidate should not have any supplementary or compartmental exams pending at the time of admission.

In addition to these essential eligibility criteria, individual colleges and institutes may have additional admission requirements. For example, Symbiosis International (Deemed University) conducts its own entrance exam called the SET (Symbiosis Entrance Test). The candidate will have to qualify for this exam to be eligible for admission to B.Sc. Economics Honours programme at this university.

Reserved category candidates will need to present their reservation certificates issued by the competent authorities to avail the benefits applicable to them.

Institutes that admit students through Common Entrance Test consider scores from exams such as JNUEE, BHUEE, etc. Candidates must qualify for the respective entrance exam by securing the minimum qualifying marks to be considered for admission.

Career Opportunities

Career opportunities for graduates of a B.Sc. in Economics are abundant in the government and private sectors. The following are some examples of job titles and areas of employment for both freshers and experienced graduates:

For freshers:

  • Assistant Auditor
  • Junior Economist
  • Assistant Economist
  • Junior Officer

For experienced graduates:

  • Deputy Director
  • Senior Economist
  • Indian Economics Service
  • Senior Officer

Some areas of recruitment for B.Sc. Economics graduates include:

  • Policymaking
  • Development sector organizations or think tanks
  • Economist in a corporate sector firm
  • Management consulting
  • Finance
  • Actuarial science

Overall, the B.Sc. Economics programme provides a strong foundation for graduates to pursue a wide range of career opportunities in various fields.

Preparation Tips for B.Sc. in Economics

Here are some tips for preparing for the entrance exam for the B.Sc. Economics Honours programme:

  1. Understand the exam pattern and syllabus: Familiarize yourself with the format, duration, and type of questions that will be asked in the entrance exam. Make sure you are aware of the topics covered in the exam.
  2. Create a study plan: Plan your study schedule and stick to it. Make sure you allocate enough time for each subject and revise important topics regularly.
  3. Focus on fundamentals: The entrance exam will test your understanding of basic economics concepts and theories, so make sure you have a solid grasp of these concepts.
  4. Practice with past papers: Solve as many past papers as possible to get an idea of the difficulty level and the type of questions that are asked in the exam.
  5. Stay updated with current affairs: Economic policies and trends are closely linked to current events, so stay up-to-date with the latest developments in the field.
  6. Manage your time effectively during the exam: Make sure you read the questions carefully and manage your time effectively during the exam. Don't spend too much time on any one question, and make sure you attempt all the questions.
  7. Stay motivated and focused: Stay motivated and focused throughout your preparation. Take regular breaks, get enough sleep and exercise, and maintain a positive attitude.

Who Should Opt for B.Sc. Economics Honours?

  • B.Sc. Economics Honours is suitable for students interested in economics and who want to deepen their understanding of the subject.
  • The programme is ideal for students pursuing a career in economic planning and management. It provides students with the necessary skills and knowledge to analyze economic data, develop economic policies and strategies, and make informed business decisions.
  • For students interested in a career in Indian Economic Services, this programme provides a strong foundation in economic theory and policy analysis that can be useful in this field.
  • The programme is also suitable for students pursuing higher studies in economics or related fields such as finance, management, or public policy. It provides a solid foundation in economic theory and research methods that can be useful for further study and research in these fields.

In conclusion, a Bachelor of Science (Economics) Honours is an undergraduate degree programme that provides students with a comprehensive understanding of economic theory and the tools and techniques used to analyze economic issues. The programme equips students with the necessary skills and knowledge to pursue a lucrative career in economic planning and management, Indian Economic Services or higher studies in economics. 

Not only does it teach students the fundamental concepts of economics but also the analytical skills, problem-solving abilities, and the ability to think critically, which are in high demand in today's job market. 

So, if you are an aspiring student, you must consider getting admitted to Symbiosis School of Economics (SSE) Pune that provides this course. All you need to do is register for the SET 2023 test from here: https://www.set-test.org. With the right mindset and proper preparation, B.Sc. Economics Honours can be a stepping stone to a successful and fulfilling career in economics or related fields.