Harpreet Singh Chawla

What are the best collages in India for studying Economics? Should I go with BA (Hons) in Economics or B.Com (Hons)? I can't understand the difference please explain in detail.


by Harpreet Singh Chawla
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RE: What are the best collages in India for studying Economics? Should I go with BA (Hons) in Economics or B.Com (Hons)? I can't understand the difference please explain in detail.

Avadhut Desai
Avadhut Desai
Verified Career Expert
Career Counselor / President at Foresight Foundation
  • Kolhapur

Well,

The query is worth explaining in detail. Owing to the significance of the Economics in the present time, your decision to take education in this field is commendable. The two mentioned branches i.e. Economics and Commerce can be attributed to with the same genre and that is in a broader sense, the Economics. Both the educational branches lead you to the same fields though with some type of variance in the job position and work nature.

 

 

Take here Psychometric TestsStream Selector and Ideal Career Test

 

The difference between the two: BA (Hons.) Economics and B.Com. (Hons)

 

Coming toward the root of your query I would differentiate the two – BA (Hons.) in Economics and B.Com. (Hons.). At first sight, the evident difference between two is the Accounting as a subject which you can find in the curriculum of the B.Com. (Hons.) but not in the Economics curriculum. Accounting is very much required if you want to go into the career like CA(Chartered Accountant)(we would be discussing later in this same text about the job opportunities in the Commerce and Economics field). It is up to you, knowing your tests and interests of the career paths, whether to select the BA (Hons.) Economics or B.Com. (Hons) and you can definitely come to the final decision reading this whole dedicated text.

 

B.A. (Hons) in Economics

This one can be a great career field for an enthusiastic aspirant who wants to prosper in the Policy and Research field in Economics. Really, Economics is dynamic field by nature and characteristics. It gives rise to the business field so can be considered as the parent or foundation for the business studies. In Economics you will be learning the following mentioned subjects with some differences if any but generally the same subjects have been taught for Economics in colleges and Universities.

  • History and Theory of Economics
  • Microeconomics
  • Macroeconomics
  • Indian Economic Development
  • Mathematical and Statistical Methods for Economics
  • International Trade
  • Money and Financial System
  • Developmental Issues and related policies
  • Public Finance
  • Comparative Economic Development

It clearly depicts reading the above subjects that the BA in Economics is well oriented toward the Developmental Issues, Policy, and Research field. That’s why Economics occupy the bigger space in business and development field.

 

B.Commerce (Hons.)

Being an applied field of the Economics and complementary for the business field, Commerce has strong linkages with the finance in business fields. Wherever the accounting and financial issues come up, the Commerce and Accounting professional would be sought to assist in.  The CA (Chartered Accountant) is the field which has often been chosen by the Commerce students for their professional career. There are even more professions in this field which you will definitely like to pursue knowing their significance. Below is the list of the subjects which the aspirants of this field would invariably be studying for in their academic years.

 

  • Accounting
  • Business Studies
  • Monetary theories and Institution
  • Business Economics
  • Information Technology and Business Communication
  • Organizations and Management
  • Business Statistics
  • Costing and Accounting
  • Budgeting and Public Finance
  • Company law and secretarial practice
  • Business Entrepreneurship
  • Income Tax Laws and Accounts
  • Financial Analytics
  • Sales Management and Advertising
  • Essentials of Marketing
  • Financial Market and Services
  • Banking System and Insurance
  • Labor Laws, Labor welfare, and Social Security
  • E-commerce

 

Job Opportunities and different professions in the Economics and Commerce field

 

Career options in Economics

  • Policy and Research
  • Accounting
  • Auditor
  • Banking and Finance
  • Insurance Investment
  • Marketing
  • Stock Broker
  • Media Analyst
  • Management
  • Manufacturing
  • Advertising
  • Actuarial
  • Education and Research
  • Retailing
  • System Analysis

 

Career Options in Commerce

  • Accounting, Banking, Finance and Insurance
  • Investment and Taxation
  • Market Research Industry
  • Data Analytics
  • Management
  • Sales and Business Development
  • Marketing/Advertising/Communication
  • Company Secretary
  • Chartered Accountant
  • Chartered Financial analyst
  • Cost and Work Accountant

 

Also Read: Different Career Option in Economic/Commerce Field

 

Top Colleges for Studying Economics/Commerce

  • Delhi School of Economics, Delhi
  • Stephen's College, University of Delhi - St. Stephen's College
  • Shri Ram College of Commerce(SRCC), Delhi
  • LSR College for Women, Delhi
  • Hindu College, Delhi
  • Narsee Monjee College, Mumbai
  • Xavier’s College, Mumbai
  • Loyola College, Chennai
  • Xavier’s College, Kolkata
  • Symbiosis College of Arts & Commerce
  • Bharathidasan University, Tamil Nadu
  • Madurai Kamaraj University, Tamil Nadu
  • Anna University Chennai, Tamil Nadu
  • Tilak Maharashtra Vidyapeeth, Maharashtra
  • Chhatrapati Shahu Ji Maharaj University, Uttar Pradesh
  • Manonmaniam Sundaranar University, Tamil Nadu
  • University of Delhi, Delhi
  • Madras University, Tamil Nadu
  • Bhim Rao Ambedkar University(Agra University), Uttar Pradesh
  • Guru Nanak Dev University, Punjab
  • Delhi College of Arts & Commerce

 

Now what to choose between the two for a bachelor: BA (Hons) Economics or B.Commerce (Hons)?

From above text, you might have clearly come to know the very difference between these two. Going for Economics takes you to the broader field of Policy, Research and Developmental Issues and opting for the Commerce would make you work in rather complicated accounting field which will have relation with numbers. These two fields also let you be a part of government through the competitive exam for Economic and Audit and Accounts Services. In short, we can say that Commerce can be considered as the field of Applied Economics.

Dear aspirant, having confusions and remaining in ambiguity regarding stream selection may harm you academically and thereby may affect your career. You know the CareerGuide has been assisting aspirants to choose a better career by the way of various well crafted Psychometric Tests. You can take the Stream Selector or Ideal Career Test to know the best-suited career field for you. I hope, reading the above post you will come to the final decision easily and still if you want more guidance in this matter, have a talk to the Professional Experts at CareerGuide. Wish you the best!

RE: What are the best collages in India for studying Economics? Should I go with BA (Hons) in Economics or B.Com (Hons)? I can't understand the difference please explain in detail.

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