BSc Economics: A Complete Guide

Often we get annoyed with an insufficient supply of our favourite item in the market. Have you ever thought about who regulates this supply? A market is a place that majorly runs on demand and supply. An economist is a person who studies trends related to demand and supply and hence controls the market through it. During the day there are numerous decisions which we take and they are directly or indirectly based on the economy. Thus, the economy is an essential deciding factor for a country’s growth. If you are inspired by famous economists like Amartya Sen, Manhoman Singh, and Adam Smith then start your journey by pursuing a course in the very field. In this blog, we will be drawing light on one such program, which is, BSc Economics.   

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BSc Economics: Course Overview

BSc Economics i.e. Bachelor of Science in Economics is a  graduate-level degree program that can be 3 to 4 years long depending on the university one plan to join. Economics is a branch of Social Science that deals with the distribution, production, and consumption of goods and services. During the span of the course, there is a thorough explanation of how the economies work. Various scenarios are explained through economic aims and principles. Students learn the importance of economics and how it should proceed in diverse sections for optimal usage of natural resources. 

Also Read: Career in Managerial Economics

BA Economics vs BSc Economics

The candidates may have been sceptical when it comes to choosing between BA Economics and BSc Economics as both the courses majorly revolve around the principles of Economics. However, BSc Economics includes heavy use of Maths and Statistics. Electives offered to students pursuing this version of the subject are Science related. Thus, candidates having a good hold of Science and related fields can opt for this particular course.  On the other hand, BA Economics also has Maths and Statistics in the curriculum but the use is not as intense as in BSc. To study this course, students should have a basic knowledge of Mathematical principles. Electives or minors provided to BA Economics students generally belong to the social science category. 

Also Read: How to Make a Career in Agricultural Economics?

BSc Economics: Curriculum

Even though the course curriculum for BSc Economics may slightly vary depending on the university, the main structure of the program remains similar throughout. Listed below are subjects that are majorly taught in the course duration: 

• Macroeconomic I
• Microeconomics I
• Macroeconomics II
• Microeconomics II
• Monetary System 
• Mathematical Aptitude in Economics 
• Elementary Mathematics for Economics
• Elements of Public Finance
• Introduction to Environmental Economics
• History Economics Thought I
• Economics Method
• Introduction to Environmental Economics
• International Economics
• International Trade and Policy
• Introduction to Development Economics

Career Prospects 

Since Economics is a vital part of numerous sectors there are a lot of career paths for BSc Economics graduates. Finance, Banking, Insurance, Stock Market, Marketing and Sales are some popular fields that heir Economics graduates on a large scale. The government sector along with investment firms, public undertakings, and business journals are also significant employment-generating areas. Apart from seeking job opportunities, students can also go for a master’s program and later for PhD in Economics.

Job Profiles

The set of roles and responsibilities of an Economist is vast because of their never-ending need. After graduating with BSc Economics, you can land these jobs easily-

Profiles	Roles /Responsibilities
Sales Executive	The profile holders are a special connecting thread between organizations and clients. They make several sales visits, displaying details about the products.
Budget Analyst	To prepare an annual budget, comparing reports of results and then stating annual changes that are to be made.
Market Analyst	With a deep knowledge of the market, these analysts advise the company on what products should be manufactured.
Bank Teller	The role of a bank teller revolves around the customer and services.
Research Assistant	Research Assistant’s role is to study market trends, policies, consumer relations, business models, etc.

Top Universities Offering BSc Economics

Grabbing a degree from a prestigious university adds an extra element to your personality and also helps in securing a job. Here is the list of top universities that offer BSc Economics:

1. London School of Economics
2. Auckland University of Technology
3. Massey University
4. University of Reading
5. La Trobe University
6. The University of Sydney
7. Centennial College
8. University of Adelaide 
9. University of Wollongong
10. Trent University
11. University of Glasgow
12. University of Sheffield
13. Curtin University, Australia

FAQs

As we all know how well-rooted the economy is in our lives, building a career in it is never going to be out of the league. Thus, pursuing BSc in Economics can be the right choice for you. To know more about the application process to the best universities around the globe, contact Leverage Edu and our expert counsellors will help you with their valuable advice.