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Hello Harpreet,
Interesting question asked. But before I answer your question, tell me when you know there are so many specialisations in economics which you found out on your own, were you not inquisitive to research more on what each specialization entails.
Anyways, coming to your question. Please note an Economists is a professional who does quantitative anlaysis using statistics and other financial tools, which helps him anlayse the economy from different points of view and utilise it in different areas. Hence you see Economics being divided into areas mentioned above in your question.
The basic difference between BA Economics and B.Sc Economics, is that the latter is more a practical course and involves calculations using calculus. BA Economics stresses on different economic analysis but just reading the data, and is more theoretical.
In terms of BBA Economics, and Business Economics, both stress on calculating the risk factor when it comes to business in emerging markets. Such economists study the future potentials of a business in relation to the economy and help entrepreneurs set their own business. Also helps existing business flourish. Corporate Economics is also similar to Business Economics, whereby the economists studies the corporate functioning through the financial, developmental and social aspects.
In terms of Developmental economics, as the name suggest, they are economists who focus on developmental issues in markets. They monitor the demand and supply of goods and the requirements to sustain in the economy.
In terms of Economics Honors, please note, a student pursuing a Honors degree, needs to submit a thesis on what they have studied and understood on the subject matter. It is more in depth study and prepares the student for the market directly.
Hope this helps.
Do write back if more clarification required. I would suggest, do your own study or Research to get the concepts clear.
Wish you good luck....
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