A guide to understanding Economics: Bachelor of Science – Economics (Honours) with Research
In a world characterized by constant global change, a multidisciplinary approach to education is critical, particularly in subjects such as economics and public policy. These fields are intricately linked to developing phenomena such as AI’s ascent, variable health conditions, and the changing work environment.
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, public finance, mathematical economics. In addition, students may also take elective courses that allow them to specialize in a specific area of economics, such as Health Economics, Data Analytics, etc.
At VSEP we have multiple exit options as per the NEP 2020. A student can exit after the 3rd year with a B.Sc. Economics (Honours with Research) degree or s/he may exit after the 4th year.B.Sc. Economics (Honours with Research) is a full time 48 months programme.
Eligibility
A pass in 10+2 / H.Sc or its equivalent examination with aggregate marks of 60% for General Category, 55% for OBC and 50% for SC/ST/PWD Category.
Admission Procedure for B.Sc. Economics-Honours
Admissions will be made for B.Sc. Economics-Hons. with Research Programme on the basis of marks obtained in the qualifying examinations and merit based Counselling will be conducted by the Admission Monitoring Committee (AMC) of VMRF-DU and the eligibility criteria, prescribed by the VMRF-DU from time to time.
Career Opportunities after B.Sc Economics Honours
Students having an undergraduate degree in Economics can have a varied career options, which is hardly the case for any other discipline. They can opt for careers in Actuary, Chartered public finance accountant, Compliance officer, Data analyst, Economist, Financial manager, Financial risk analyst, Internal auditor, Investment analyst, Political risk analyst, Statistician, Stockbroker, Tax adviser ,Business development manager, Civil Service – both at the state level and centre, Other Central and state government jobs, Local government officer, Management consultant, Policy officer, Politician’s assistant, Procurement manager, Quantity surveyor,
Risk manager, Analyst, Research Associate, Assistant Auditor, Junior Economist, Assistant Economist, Junior Officer, Deputy Director ,Senior Economist, Indian Economic Service, Indian Administrative Service, Indian Police Service, Senior Officer, Policymaking , Development sector organizations or think tanks, Economist in a corporate sector firm, Management consulting and alike. There are more than 100 such career options both for freshers and experienced graduates.
Who Should Opt for B.Sc. Economics Honours?
B.Sc. Economics Honours is appropriate for students interested in economics. More so, it is beneficial for students who want to deepen their understanding of the subject.
The programme offered at VSEP is ideal for students pursuing a career in economic planning and management. It provides students with the essential skills and knowledge to analyse economic data, develop economic policies and strategies, and make informed business decisions. Further, at VSEP there are options for minor in Health Economics and Data Analytics. While the rapid growth in employment opportunities in Data related sector needs no explanation, it is important to mention that post Covid 19, the growth and innovation in the health sector is rising.
For students interested in a career in Indian Economic Services or similar competitive exams conducted by UPSC or State PSC’s, this programme provides a strong foundation in economic theory and policy analysis that can be useful in this field- both for written examination as well as the interviews.
The programme is also appropriate for pupils pursuing higher studies in economics or related fields such as finance, management, public policy, actuary, health economics, data analytics, etc. 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 wide-ranging understanding of economic theories supported by the much needed tools and techniques used to analyse 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, Indian Administrative Services or higher studies in economics- both in India and abroad. Also, as per the recent UGC guidelines, a student having 75% score in this 4 year Undergraduate programme can apply for a Ph.D.
At VSEP, the programme not only builds the base for 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 Vinayaka Mission’s School of Economics and Public Policy (VSEP), Chennai that provides this course.
All you need to do is register from here: https://admissions.vsep.edu.in/
B.Sc. Economics Honours can be a stepping stone to a successful and fulfilling career in economics or related fields.
