B.Com - Applied Economics

Overview :

A Bachelor of Commerce (B.Com) in Applied Economics is a three-year undergraduate course that teaches students how to apply economic theory to real-world situations.

The B.Com in Applied Economics course aims to develop students' analytical skills and understanding of economic systems, and prepares them for careers in Business, Commerce, or Management. The course also provides students the opportunity to specialize in the world of Imports and Exports Business, with a firm foundation in Economics. It also serves the purpose of trade communication and how to conduct business across the globe.

Some topics covered in a B.Com in Applied Economics course include Microeconomics, Macroeconomics, Econometrics, Economic Policy, International Economics, and Developmental Economics.

Some careers that a B.Com in Applied Economics degree may prepare students for include Accountant, Actuary, Data Analyst, Economist, Financial Consultant, Financial Risk Analyst, And Investment Analyst, and more.

Some Highlights of B.Com  Applied Economics:

Top Colleges Offering B.Com  Applied Economics:

• Amity university
  
• Lovely professional university
  
• School of management studies
  
• BML Munjal university
  
• Doon business school
  
• Integral university
  
• PDM university
  
• Sanskriti university
  
• Poornima university
  
• Garden city university
  
• City college, Bangalore
  
• REVA university
  
• St. claret college
  
• Amritsar college of engineering and technology
  
  

Why  Chooes B.Com  Applied Economics?

A B.Com in Applied Economics is an excellent choice for students who are interested in pursuing careers in Business, Commerce, Finance, or Management, while also gaining a deep understanding of Economics and its real-world applications. Here are several key reasons why pursuing this course can be a smart decision:

• Broad Career Opportunities: A B.Com in Applied Economics opens doors to a wide range of career paths in various industries. Graduates can pursue roles in Finance, Banking, Accounting, Marketing, Economic Research, Trade and Export Business, and more.
• Practical Skills for the Business World: The course equips students with essential practical skills required in the business world, such as Analyzing financial statements, Managing budgets, Strategic decision-making, Time and project management, Mathematical and statistical skills, Effective communication (both oral and written), etc.  These skills are not only crucial in the corporate world but are also applicable to various professional roles in economics, business, and finance.
• Comprehensive Understanding of Economics: Students gain a thorough understanding of key economic concepts, including Macroeconomics (study of national economies), Microeconomics (study of individual markets and decision-making), Econometrics (application of statistical methods to economic data), Economic Policy (understanding of governmental economic decisions).  This comprehensive knowledge helps students understand the economic environment and its impact on businesses and markets.
• Enhancing Decision-Making in Business: Applied economics involves using economic theories and data to make better business decisions. By analyzing past sales data, conducting marketing research, and understanding economic laws, students can assist businesses in improving their decision-making processes. This is especially important in sectors like marketing, finance, and trade.
• Specialization in International Business: The course provides a solid foundation for students interested in the world of imports and exports. It covers topics like Trade policies, Payment modes, Financing international business, etc.  Graduates can specialize in international trade, making it ideal for students who want to work in global business or multinational companies.
• Strong Career in Economic Research: Graduates with a B.Com in Applied Economics can pursue roles like Economic Researcher, Financial Analyst, Market Research Analyst, Lead Modeller, Economics Teacher or Curriculum Developer, and the like.  The analytical skills and economic knowledge gained during the course make graduates well-suited for research-based roles in both the public and private sectors.
• Opportunities for Higher Education: Graduates can continue their studies in fields such as M.Com, MBA, or PGDM programs. This course also serves as a foundation for pursuing Research opportunities at various research institutes and organizations, especially in economics and finance.
• Government Exam Opportunities: B.Com Applied Economics graduates are also eligible to appear for various government exams, including Civil Services Exam, Finance-related exams (Income Tax, Customs, Excise), Import-Export exams, and others.  This opens up opportunities in various governmental departments and public sector organizations.

A B.Com in Applied Economics is an ideal course for students interested in understanding how economics impacts business and the global market. The course provides a well-rounded education in economics, practical business skills, and the ability to make informed decisions in a variety of sectors, including Finance, Banking, Marketing, and Trade. It also offers ample opportunities for specialization in areas like international business, economic research, and government roles, making it a versatile and future-oriented career choice. Whether you plan to enter the workforce or pursue higher education, a B.Com in Applied Economics equips you with the skills and knowledge to excel in the ever-evolving global economy.

Admission Procedure For B.Com  Applied Economics:

• The admission processes of this course are quite straightforward and easy to follow.
• You either need to pass the entrance test or score very good marks in your 10+2. The marks required for this course vary according to the different colleges/universities.
• However, some of the basic details remains the same
  

Eligibility For B.Com  Applied Economics:

• Students need to secure at least 50% aggregate marks in 10+2 or any equivalent exams from a recognized board
  
• Students belonging to Reserved category (SC/ST/PWD) are entitled to marks relaxation of up to 5% in several universities
  
• Minimum cut offs for admitting students, and admission differs in various universities and largely depends on the student’s performance at the 10+2 level.
  

Career Opportunities for B.Com  Applied Economics:

The job opportunities for the graduated aspirants of B.Com - Applied Economics are evolving in India with in both public and private sectors. Upon graduation, students can pursue careers in Accounting, Finance, Banking, Stock Market, Insurance, Auditing, Marketing, Financial Companies, Account Management, Business Management, and related fields. They are well-suited for roles in Corporate Finance, Auditing, and General Business Management.

Some career opportunities for people with a B.Com in Applied Economics are Economist, Economic researcher, Financial advisor, Chartered accountant, Company secretary, Auditor, Analyst, Equity Manager, Wealth Manager, Account Manager , Stockbroker, Market Analyst, etc.

Jobs Opportunities After  B.Com  Applied Economics:

• Market Research Analyst
  
• Lead Modeller
  
• Economics Teacher
  
• Curriculum Developer
  
• Subject Matter Expert
  
• Data Analyst
  
• Statistician
  
• Assistant Manager/Officer
  
• Statistical Assistant
  

Top Recruiters of  B.Com  Applied Economics :

• State Bank of India
  
• Accenture
  
• Axis Bank
  
• Deloitte
  
• Wipro
  
• Cognizant
  
• TCS
  
• Ernst & Young
  

Syllabus B.Com  Applied Economics:

Semester I

Micro Economics
Business Environment
Fundamental Principles of Accounting
Business Mathematics
Indian Contract and Sale of Goods Act
Business Organizationp

Semester II

Macro Economics
Indian Economics
Financial Accounting
Partnership Accounting
Business Regulatory Framework
Business Communications

Semester III

Commercial Bank Management
Financial Market Operation
Elements of Company Accounts
Theory and Practice of Cost
Indian Company Act
Principles of Statistics

Semester IV

Banking in India
Investment Management
Advance Corporate Accounts
Advance Cost Accounts
Principles of Management
Advances Statistics

Semester V

Public Finance
Principles of Insurance Business
Income Tax for Individuals
Accounting for Managers
Financial Management
Marketing Management

Semester VI

International Marketing
Project Planning & Control
Income Tax for Business
Indirect Tax
Auditing
Human Resource Management