B.Com in Applied Economics is a specialised triennial programme, divided into 6 semesters. Several Indian institutions across the country offer B.Com in Applied Economics and other specialisations to students interested in pursuing a career in the lucrative field of Finance & Commerce.
The specialised course educates candidates in making use of quantitative ability and problem-solving approach to solving problems in the field of Applied Economics. During the 3-year programme, candidates are acquainted with the latest methodologies adopted in driving out practical solutions for Applied Economics related problems.
B.Com in Applied Economics programme combines theoretical and practical approach to offer the best education to candidates undergoing the course. The course provides important knowledge about the multilayered structure of an economy, the existent environment within the economy, and authority governing the economy. During the programme, candidates develop the ability to undertake strenuous research in various sub-fields of Applied Economics.
Throughout the B.Com in Applied Economics course, candidates learn the consumption, distribution and production of an economy, as well as the way in which these three aspects of an economy interact with each other. After completing B.Com in Applied Economics candidates have the flexibility to choose between pursuing higher studies and a professional career.
Candidates with the knack for solving complex problems by the traditional problem-decomposing techniques are ideal for undertaking the B.Com in Applied Economics course. Moreover, interested students should have excellent time management abilities in addition to supporting comprehensive communications skills. All vital skills required for successfully pursuing the B.Com in Applied Economics degree are as follows:
Candidates who have chosen to start their career have multiple job avenues to explore post successful completion of B.Com degree in Applied Economics. Many of the opportune career choices allow candidates to choose between working as a full-time employee and providing their services on a freelance basis.
Any job that requires analysing loads of data to come up with feasible solutions to real-world problems is ideal for B.Com in Applied Economics graduates. Following list briefs up some of the top career options available for candidates with the B.Com degree in Applied Economics.
The job profile of an Economics consultant is ideal for candidates with the Bachelor of Commerce in Applied Economics degree. An Economics consultant is responsible for carrying out extensive research, prepare reports based on findings, and finally formulating effective plans to cope up with various economic problems related to a number of factors, ranging from production and distribution to monetary and fiscal policy.
Economics consultants can comfortably choose to work as either a full-time employee for an organisation or cater their services to several clients as a freelancer. These professionals are adept in employing mathematical models and statistical techniques to foretell accurate market trends.
Another lucrative job opportunity for the B.Com in Applied Economics graduate is that of a data analyst specialising in energy economics. Such a professional is skilled in arranging, delivering and locating energy data. Data analysts in energy economics flaunt a comprehensive understanding of the energy market and the upcoming trends.
The job profile of a data analyst in energy economics demands a balance between technical and management skills. In several scenarios, data analysts need to communicate with clients. The precise role of a data analyst in energy economics depends on the stature and type of the employer organisation.
Organisations, ranging from SMEs to large MNCs, employ statisticians to make sense of heaps of collected quantitative data. Those with a Bachelor of Commerce in Applied Economics degree are apt to provide their services as statisticians. These professionals are responsible for carrying out a tedious analysis and meaningful arrangement of quantitative data to spot upcoming trends as well as make accurate predictions.
In large organisations, statisticians need to lead and oversee statistical staff. Statisticians are adept at presenting relevant information in various inferable formats, conveying complex information in a simple manner to non-specialists and implementing data gathering computer systems and software.
Candidates with a B.Com in Applied Economics degree can also choose to work as a market research analyst. The primary task of a market research analyst is to study market conditions for drawing out important insights into potential sales of a product or some service. Market research analysts assist organisations to understand product and services demand in the market.
The role and responsibility of a market research analyst depend on the size and nature of the employer organisation. Monitoring and forecasting trends in marketing and sales, analysing data using statistical software, convert complex data into insightful and simple reports are some of the job responsibilities of a market research analyst.
Graduates with a successfully completed B.Com in Applied Economics degree can choose to work as assistant managers, economics curriculum developers, economics teachers, lead modellers, service quality leaders, statistical assistants, and subject matter (Economics) experts.
In order to apply for the B.Com in Applied Economics programme, applicants must have successfully completed higher secondary education in the Commerce stream with Mathematics and English as compulsory subjects. Candidates that have completed Class 12th in non-medical are also eligible to apply for the triennial undergraduate course. Following list describes the entire eligibility criteria for B.Com in Applied Economics programme:
Successfully complete a Class 12th certificate examination in Commerce, or Science stream, from any recognised state education board with at least 60% marks in aggregate, or an equivalent CGPA.
Some select institutions require candidates to clear certain entrance examinations in addition to fulfilling the above-mentioned eligibility criteria to bag an admission to the B.Com in Applied Economics programme.
B.Com in Applied Economics is a specialised course. The 3-year programme provides candidates with the opportunity to have a firm foundation in the lucrative field of Economics, together with providing a comprehensive understanding of Business, Commerce and Finance. Those candidates interested in learning how trade happens between countries can go for the undergraduate course of study.
During the 3-year specialised course, candidates get to know about how communication plays a key role in trading and identifying brand new export market opportunities. During the last year of the programme, candidates are required to prepare and submit a detailed research project relevant to Applied Economics.