About IGNOU BAFEC – Bachelor of Arts (Economics)
This programme provides a deep dive into how wealth is created, distributed, and consumed in modern societies. It prepares students for diverse career paths in banking, financial analysis, government policy planning, and data research by building a strong foundation in economic theory.
The curriculum for the Bachelor of Arts (Economics) is designed to help you understand complex financial systems and market behaviors. You will start with the basics of how individuals and businesses make choices before moving into larger topics like national income, inflation, and international trade. By studying these subjects, you gain the ability to look at a news report or a budget statement and understand the real numbers and reasons behind the headlines. This makes the course very practical for anyone living in today’s global economy.
After completing this programme, students will be able to analyze market trends, evaluate public policies, and use mathematical tools to solve economic problems. These skills are highly valued in the job market, especially for roles like junior economists, research assistants, or business consultants. Whether you want to work in a private company or a government office, the analytical mindset you develop here will be your biggest strength. The course also serves as a perfect stepping stone for those planning to pursue a Master’s degree in Economics or Finance.
IGNOU BAFEC Syllabus Highlights
The table below summarizes the essential details of the BAFEC programme. It includes the official code, the total credits required to graduate, and the school responsible for the curriculum.
| Academic Attribute | Details |
| Programme Name | Bachelor of Arts (Economics) |
| Programme Code | BAFEC |
| Minimum Duration | 4 Years |
| Maximum Duration | Not Specified |
| Total Credits | 160 Credits |
| Offering School | School of Social Sciences |
IGNOU BAFEC Course Structure
The programme follows a four-year progression under the Four Year Undergraduate Programme (FYUP) framework. Each year is split into two semesters, ensuring a balanced workload of 40 credits per year for a total of 160 credits.
| Academic Year / Semester | Nature of Courses | Credits |
| First Year (Sem I & II) | Major, Minor, Multi-disciplinary, AEC, SEC, VAC | 40 Credits |
| Second Year (Sem III & IV) | Major, Minor, Multi-disciplinary, AEC, SEC, VAC | 40 Credits |
| Third Year (Sem V & VI) | Major, Minor, SEC | 40 Credits |
| Fourth Year (Sem VII & VIII) | Major, Minor, Research/Dissertation | 40 Credits |
IGNOU BAFEC Syllabus: 2026
Below is the detailed breakdown of the courses you will study. Please note that while the framework is set, specific course codes are assigned as per the latest university updates for the 2026 session.
First Year (Semester I & II)
| Course Code | Course Name | Credits |
| N/A | Major, Minor, Multi-disciplinary, AEC, SEC, VAC (Detailed codes pending) | 40 |
Second Year (Semester III & IV)
| Course Code | Course Name | Credits |
| N/A | Major, Minor, Multi-disciplinary, AEC, SEC, VAC (Detailed codes pending) | 40 |
Third Year (Semester V & VI)
| Course Code | Course Name | Credits |
| N/A | Major, Minor, SEC (Detailed codes pending) | 40 |
Fourth Year (Semester VII & VIII)
| Course Code | Course Name | Credits |
| N/A | Major, Minor, Research/Dissertation (Detailed codes pending) | 40 |
Total Credits: 160 Credits
IGNOU BAFEC Credit System
The IGNOU BAFEC Syllabus uses a credit-based system to measure your workload. One credit is equal to 30 hours of study, which includes reading your books, writing assignments, and attending classes. For the full Bachelor of Arts (Economics) degree, you must complete a total of 160 credits over four years. Most courses are divided into theory and practical work to give you a well-rounded education. If you happen to fail a course, you do not need to re-enroll in the whole programme; you can simply pay the exam fee and reappear for that specific subject in the next exam cycle.
Important Note for Students
⚠️ The syllabus reflects the 2026 academic framework. IGNOU may revise course contents at its discretion. Always verify the latest syllabus at ignou.ac.in before starting your studies.
Also Read
More resources for BAFEC students:
Frequently Asked Questions – IGNOU BAFEC Syllabus
Legal & Academic Disclaimer
This page is not affiliated with, endorsed by, or officially connected to IGNOU (Indira Gandhi National Open University). The syllabus information provided here is for academic reference only and may be subject to revision by IGNOU. Always verify the latest course structure at ignou.ac.in.
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✔ Last updated: April 2026
