BA in Economics or Bachelor of Arts in Economics is a 3 years Undergraduate degree course, pursued by students who aspire to make it big in Banking and Finance and other major corporate industries.
Admissions to BA in Economics are done both on the basis of merit and on the basis of entrance exams as well. Some of the common entrance exams conducted for enrolling students in top BA in Economics colleges like Indian Statistical Institute, Jawaharlal Nehru University, and Jadavpur University etc are JNUEE, DUET, JMI EEE etc.
See Also: BA Economics Syllabus
The average course fee for pursuing BA in Economics range from INR 15,000 - 65,000. Post completion of BA in Economics courses, students can choose to pursue MA in Economics, PhD in Economics or MBA. Post completing BA in Economics courses students get placed in various job sectors such as Indian Economic Services, Banking and Finance sectors, Private and Foreign Banks etc.
Primarily students pursue economics for various lucrative job placements along with salaries starting from INR 4 LPA which with gradual experience and exposure goes up till 30 - 35 LPA.
Table of Contents
2.1 Eligibility
2.2 Entrance Exams
3.1 Subjects
4.1 Economics in Delhi University
5.1 IGNOU
6.1 BA Economics vs BA Hons Economics
7.1 MA in Economics
7.2 Phd in Economics
8.1 Top Recruiters
8.2 Top Job Profiles
8.3 Salary
BA in Economics Course Highlights
| Name of the Course | Bachelor of Arts in Economics |
| Course Level | Undergraduate |
| Course Duration | 3 years |
| Course Mode | Regular / Full time |
| Course Eligibility Criteria | Class 12th Board exams with 50% aggregate marks |
| Course Admission Process | Merit Based / Entrance Exams |
| Average Course Fees (INR) | 45,000 |
| Average Salary (INR) | 3 - 4.5 LPA |
| Areas of Employment | Government / Private Banks, Finance & Banking Sectors, Trade Markets |
What is BA in Economics?
BA in Economics deals with the study of various economic theories, econometrics, applied economics and various other topics. BA in Economics courses can be pursued by students after completion of class 12th board exams. BA in Economics courses are widely taught in all colleges and universities across the country.
BA in Economics primarily concentrates on topics such as Demand and Supply, History of the Indian Economy, National Income, Inflation and Deflation, Production and Supply etc. Economics as a subject majorly deals with massive data, thus the importance of statistics is deeply ingrained across the course curriculum.
The scope of studying Economics has witnessed a massive surge over the last decade, for the innumerable opportunities it offers. The minimum starting packages offered to BA in Economics graduates range from INR 4 – 7 LPA.
Why Study BA in Economics?
There are several factors, as to why should you take up BA in Economics, some of the key points are mentioned below for your reference,
- Versatile Career Options: An economics degree allows you to pursue jobs in various industries and dimensions. It opens the door to a broad range of roles. An economist has the opportunity of working in industries such as business, government sectors, academics as well as private industrial settings.
- Strong Foundational Knowledge: Owing to the versatility and wide range of areas an economics degree covers, it can prove to be the foundation for many highly reputed jobs. The economics syllabus helps you get an in-depth understanding of finance, markets and resource management.
- Challenges: The subject of economics will require you to pursue thought provoking activities in your coursework and push you to employ critical thinking skills. During the course, you will face a lot of challenges that will enhance your understanding of world economics and how it influences many global aspects of the business.
BA in Economics Admission Process
Admissions to BA in Economics are done both on the basis of merit and on the basis of entrance exams. The entrance exam questions are generally MCQ based but there might be subjective questions as well depending on the syllabus as well as on the college entrance exam pattern.
BA in Economics Eligibility
Students who wish to pursue BA in Economics courses should fulfil the following eligibility criteria in order to get through colleges offering BA in Economics courses,
- Students should clear class 12th board exams with minimum 50% aggregate marks or equivalent CGPA
- They should clear their class 12th board exams from a recognized board
BA in Economics Entrance Exams
Students who wish to pursue BA in Economics should clear the stipulated entrance exams for the course. Admissions to certain colleges are done on the basis of entrance exams followed by an interview round.
Exams like JNUEE, DUET, Jadavpur University Entrance Exams, JMI EEE etc are the list of various entrance exams conducted by colleges to enroll students for BA in Economics courses.
BA in Economics Syllabus
BA in Economics syllabus covers a vast range of topics starting from Financial Systems, History of Economics to Financial Markets and Foreign Economics Theory. Below mentioned table will discuss the topics that are covered in the 3 years course duration.
| First Year | Micro and Macro Economics |
| Mathematical Methods of Economics | |
| Economic Theory | |
| Economic Statistics | |
| Financial Systems | |
| Second Year | History of Economics |
| Econometrics | |
| Development of Economics in India | |
| Economy and Society | |
| Macro & Micro Economics - Intermediate | |
| Third Year | Economic Development of India |
| Development Theory | |
| Economics of the Society | |
| Foreign Economics Theory | |
| Financial Markets | |
| Financial Economics |
BA in Economics Subjects
| Semester I | Semester II |
|---|---|
| Evolution and definition of Economics | Economies of Scale |
| Nature & Scope of Economics | Different Concepts of Costs Explicit & Implicit |
| Methods of Economics Analysis | Accounting, Opportunity, Total fixed and Variable Costs |
| Inductive & Deductive Logic, Merit and Demerits. | Marginal & Average Costs & their relationship |
| Utility Demand, Supply | Concept of Revenue |
| Commodities and their types | Total, Marginal & Average Revenue |
| Value and Price | Break Even Point |
| Market | Concept and Classification |
| Administered and Non- Administered Prices | Perfect Competition Characteristics |
| Demand- Supply equilibrium. | Price and Output Determination for Firm and Industry |
| Cardinal (Marshal) and Ordinal Utility | Market Equilibrium |
| Approaches to Demand | Characteristics and Price- Output Determination |
| Indifference Curve: Consumer equilibrium (Hichs & Slutsky) | Price Discrimination |
| Price, Income and Substitution effects | Monopolistic Competition |
| Derivation of Demand Curve. | Characteristics Price- Output Determination |
| Elasticity of Demand | Factor Pricing |
| Price, Income and Cross elasticity | Theory of Marginal Productivity of Distribution |
| Consumer Surplus and its measurement. | Concept of Adding up Theorem |
| Factors of Production and their Characteristics | Theories of Wages and Rent: Classical and Modern. |
| Laws of Production | Interest: Concept, Classical and Keynesian Theories of Interest |
| Returns to Factor and Return to Scale | Profit: Net and Gross |
| Law of Variable Proportion | Theories of Profit. |
| Isoquants Nature and their Characteristics | - |
| Producers equilibrium | - |
| Semester III | Semester IV |
| Structure of Indian Economy - Primary, Secondary & Tertiary Sectors | Infrastructure of Indian Economy |
| Natural Resources, Land, Water, Forest | Irrigation, Power, Transport, Communication |
| Mineral Resources. | Banking and Insurance. |
| Demographic Features | Human Infrastructure of Indian Economy |
| Population, Size, Sex, Rural-Urban Classification | Health, Nutrition, Education, Knowledge and Skills |
| Population Distribution | Housing and Sanitation. |
| Recent National Population Policy. | Planning in India- Objectives, Types, Strategy |
| Agriculture: Nature and Importance | Analysis of Current Five- Year Plan. |
| Land Use Pattern | Economy- Land, land Utilization Pattern |
| Trends in Agriculture Production and Productivity | Natural Resources- Forest, Water & Mineral |
| Cropping Pattern. | Agro-Climatic Zones |
| Land Reforms: Green Revolution | Demographic Features of M.P. |
| Rural Credit | Agricultural Situation in Economy |
| Agricultural Marketing | Cropping Pattern |
| Mechanization | Production and Productivity of Main Corps, |
| Small Scale and Cottage Industries- Meaning, Importance and Problems | Sources of Credit in Agriculture, Irrigation |
| Major Industries in India: Iron and Steel, Textile, Sugar, Cement, Automobiles | - |
| Semester V | Semester VI |
| Macro Variables- Stock and Flow | Public Finance and Public Economics |
| Circular Flow of income | Public, Private and Merits Goods |
| Concept of National Income- GDP, GNP | Market and State- Role and Functions |
| Measurement of National Income and Social Accounting in India | Principle of Maximum Social Advantage |
| National Income and Economic Welfare | Sources of Revenue- Taxes, Loans, Grants and Aids |
| Classical Theory of Employment | Canons of Taxation |
| Keynesian Theory of Employment | Principles of Public Expenditure |
| Aggregate Demand and Supply Functions | Principles of Public Debt and Methods of Redaction |
| Effective Demand | Wagener’s Law- Increasing Activities |
| Consumption Function | Effects of Public Expenditure on Production and Distribution. |
| Factors Affecting Consumption | Public Finance in India |
| Average and Marginal propensities to consume | Concept and Types of Budget |
| Simple Investment | Fiscal Deficit |
| Saving Function & Sources of Saving Mobilization | Deficit Financing and Deficit Budget. |
| Investment Function | Constitution and Function of Finance Commission |
| Marginal Efficiency of Capital | Recommendation of Latest Finance Commission |
| Factors Affecting Capital Formation | Latest Budget |
| Concept of Accelerator. | The stock of Money and its Measures |
| - | Cash Transaction and Cash Balance Approaches. |
| - | Inflation, Deflation, and Recession |
| - | Demand-Pull and Cost-Push Inflation |
| - | Bank- Meaning and Types |
| - | Objectives and Limitations of Monetary Policy. |
BA in Economics Colleges in India
India is home to a total number of 3027 economics colleges, out of which few are private colleges and few are government colleges. Some of the top colleges in India offering BA in Economics courses are Lady Shri Ram College Delhi, Presidency College Chennai, Chandigarh University etc.
Economics Hons DU
Economics (Hons) is one of the most popular and prestigious courses at Delhi University (DU). It is 3-year course divided into 6 semesters. It offers a rigorous basis for much of the advanced thinking in the Economics discipline. The curriculum allows students to choose elective courses from a set of courses, offering students the flexibility to prepare for careers in academia, law, management, journalism, government, and many other fields.
Eligibility for Economic Hons at Delhi University
- The candidate must have passed Class 12th/equivalent examination from a recognized board.
- Candidates must have studied and passed Mathematics at the qualifying exam for admission to B.A. (Honours) in Economics.
- Candidates will be required to appear in CUET. Merit will be based on the CUET scores.
| Name of the Colleges under Delhi University | DU Fee (Per Annum) |
|---|---|
| St. Stephen’s College | INR 40,420 |
| Shri Ram College of Commerce | INR 15,000 |
| Hindu College | INR 17,560 |
| Delhi School of Economics | INR 30,000 |
| Lady Shri Ram College of Women | INR 15,870 |
BA in Economics Colleges in Delhi
There many prestigious colleges/universities in Delhi that offers BA in Economics program. Delhi University colleges are some of the in-demand colleges in Delhi that offer a course in economics. Some of the top colleges in Delhi offering BA in Economics courses are tabulated below:
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Lady Shri Ram College for Women | 15,870 |
| Miranda House | 14,160 |
| Hindu College | 17,560 |
| Hansraj College | 20,945 |
| GD Goenka University | 2,10,000 |
BA in Economics Colleges in Mumbai
Many different college in Mumbai offers BA in economics program. Some of them are St. Xavier’s College, Ramnarain Ruia Autonomous College, Kishinchand Chellaram College and various others. The top colleges in Mumbai offering BA in Economics courses are tabulated below:
| Name of the Colleges | Average Fees (INR) |
|---|---|
| St. Xavier’s College | 5,537 |
| Jai Hind College | 5,730 |
| Ramnarain Ruia Autonomous College | 4,825 |
| Kishinchand Chellaram College | 10,815 |
| St. Andrews College of Arts, Science and Commerce | 4,350 |
BA in Economics Colleges in Bangalore
Bangalore is leading ahead when it comes to providing excellent education. There are various colleges in Bangalore which hold good rank in terms of best colleges that offer BA in economics.The list of top colleges offering BA in Economics in Bangalore are as follows:
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Christ University | 50,000 |
| Kristu Jayanti College | 50,000 |
| Jyoti Nivas College | 20,492 |
| NMKRV College for Women | 2,40,000 |
| St. Joseph’s College | 28,800 |
BA in Economics Colleges in Chennai
Chennai is one of the fantastic places to study in India as it has ample resources available. Colleges that offer BA economics courses in Chennai are Loyola College, Presidency College Guru Nanak College, etc. The list of top colleges offering BA in Economics in Chennai is mentioned below along with their fees:
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Loyola College | 11,400 |
| Presidency College | 1,250 |
| Guru Nanak College | 9,500 |
| Ethiraj College for Women | 9,456 |
| Queen Mary’s College | 1,512 |
BA in Economics Colleges in Kolkata
Kolkata is a city that has some of India's oldest institutes. Colleges in Kolkata that are well known for BA economics programs are Vidyasagar College, Rammohan College, Rabindra Bharati University, Adamas University, and more. The list of top colleges offering BA in Economics in Kolkata is as follows:
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Jadavpur University | 2,400 |
| Loreto College | 21,940 |
| Shivnath Sastri College | 7,720 |
| Shri Shikshayatan College | 35,360 |
| Vidyasagar College | 4,195 |
BA in Economics Distance Colleges in India
Apart from all the regular full time courses that are available for BA in Economics, there are also distance courses available for the course. Distance education for BA in Economics courses can be pursued by students who cannot attend regular classes or colleges due to any constraints.
Below mentioned are a few of the details one should be aware of before applying for any BA in Economics Distance courses,
- The minimum eligibility criteria required for pursuing BA in Economics courses is, that students have to clear their class 12th board exam in any stream from any recognized University
- The average fees for pursuing BA in Economics distance courses ranges from INR 6000 - 20,000
- Some of the top colleges offering BA in economics Distance courses are IGNOU, Rabindra Bharati University, Netaji Subhas Open University etc.
Below mentioned table will discuss the top colleges offering BA in Economics Distance courses,
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Indira Gandhi National Open University (IGNOU), Delhi | 9,600 |
| Rabindrabharati University, Kolkata | 5,700 |
| Netaji Subhas Open University, Kolkata | 8,100 |
| Mahatma Gandhi University, Delhi | 14,000 |
IGNOU BA Economics
IGNOU offers a BA (Hons.) in Economics for a duration of 3 years. The maximum duration to complete the courses is up to 6 years. IGNOU falls under the best institutions offering distance education programs. This program is 148 credits. The program also includes 4 Ability Enhancement and Skill Enhancement courses. Candidates seeking admission to the program should have at least 45% marks in the 10+2 examination.
BA Economics Course Comparison
Students must compare similar courses before choosing any particular course. The course can be compared on the basis of their returns, average salary, college choices and the scope they provide.
BA Economics vs BA Hons Economics
| Parameters | BA Economics | BA Hons Economics |
|---|---|---|
| Course Overview | BA Economics is an undergraduate course having a duration of 3 years. This program deals with the study of various economic theories, econometrics, applied economics, etc. | BA Economics Honors is a 3 year program that covers in-depth knowledge about economics. It is a professional course. It provides a firm basis for much of the advanced thinking in the Economics discipline. |
| Eligibility | 12th with minimum of 50% marks | 12 th examination with at least 50% marks |
| Admission | Merit-based and Entrace-based | Merit-based and Entrance-based |
| Average Fees | INR 5,000 to INR 300,000 | INR 25,000 to INR 3,00,000 |
| Top Colleges/Universities | DU, Amity Noida, JNU, LPU, etc | Lady Shri Ram College for Women, Loyola College, Christ University, Miranda House College, Presidency College, etc. |
| Job Positions | Investment Analyst, Financial Service Manager, Fixed Income Portfolio Manager, Investment Administrator, Securities Analyst Trainee, Foreign Trade Analyst, Economist, etc. | Financial Analyst, Auditor, Investment Banker, Stock Broker etc. |
| Average Salary | INR 3.5 LPA to INR 9 LPA | INR 2 LPA to INR 18 LPA |
BA Economics vs BBA
| Parameters | BA Economics | BBA |
|---|---|---|
| Overview | BA Economics is an undergraduate course having a duration of 3 years. This program deals with the study of various economic theories, econometrics, applied economics, etc. | BBA course is a 3-year professional undergraduate course in Business Management. It provides training in management and helps in acquiring leadership skills to prepare students for managerial roles. |
| Eligibility | 12th with minimum of 50% marks | 10+2 or equivalent examination from any recognized board |
| Admission | Merit-based and Entrance-based | Merit based and Entrance-based |
| Average Fees | INR 5,000 to INR 300,000 | INR 50,000 to INR 6 lakhs |
| Top Colleges | DU, Amity Noida, JNU, LPU, etc | DU, NMIMS Mumbai, SSCBS New Delhi, IIM Rohtak, ICFAI Hyderabad, etc. |
| Job Positions | Investment Analyst, Financial Service Manager, Fixed Income Portfolio Manager, Investment Administrator, Securities Analyst Trainee, Foreign Trade Analyst, Economist, etc. | Sales and Marketing, Finance, HR, International Business, Entrepreneurship |
| Average Salary | INR 3.5 LPA to INR 9 LPA | INR 3 LPA to INR 5 LPA |
BA Economics vs BCom
| Parameters | BA Economics | BCom |
|---|---|---|
| Meaning | BA Economics is an undergraduate course having a duration of 3 years. This program deals with the study of various economic theories, econometrics, applied economics, etc. | BCOM course is a 3-year Undergraduate program in the field of commerce. It includes disciplines such as business law, economics, taxation, auditing, financial accounting, and cost accounting |
| Eligibility | 12th with minimum of 50% marks | 12th with minimum aggregate of 50%. |
| Admission | Merit-based and Entrance Exam | Merit-based |
| Average Fees | INR 5,000 to INR 300,000 | INR 10,000 to INR 50,000 |
| Top Colleges | DU, Amity Noida, JNU, LPU, etc | Shri Ram College of Commerce, Hindu College, Ramjas College, Loyola College, etc. |
| Job Positions | Investment Analyst, Financial Service Manager, Fixed Income Portfolio Manager, Investment Administrator, Securities Analyst Trainee, Foreign Trade Analyst, Economist, etc. | Operations Manager, Accountant, Finance Manager, Account Executive etc. |
| Average Salary | INR 3.5 LPA to INR 9 LPA | INR 2.5 LPA – 4 LPA |
Courses after BA in Economics
The first course that we will discuss and which can be pursued right after completing BA in Economics is MA in Economics.
MA in economics
The basic requirements for pursuing MA in Economics are listed below for your reference,
- The eligibility for for pursuing MA in Economics is, students have to clear their graduation or BA in Economics courses from a recognised university with minimum 50% aggregate marks or equivalent CGPA
- Admissions to MA in Economics are generally done on the basis of both entrance exams conducted by various Universities as well as on the basis of merit
- The average course fees for pursuing MA in Economics ranges between INR 10,000 - 60,000
- The average placements after completing MA in Economics ranges from INR 3 - 7 LPA
Some of the top colleges offering MA in economics courses are tabulated below for your reference,
| Name of the Colleges | Average Fees (INR) |
|---|---|
| Lady Shri Ram College for Women, Delhi | 17,796 |
| Loyola College, Chennai | 10,200 |
| Miranda House, Delhi | 19,030 |
| Fergusson College, Pune | 9,680 |
PhD in Economics
Students can opt for research studies or PhD in Economics courses after completing their Bachelor degree as well as Post Graduation degree. Some of the important prerequisites for pursuing PhD in Economics are mentioned below,
- The minimum eligibility for pursuing PhD in Economics courses is students have to clear their Post Graduation of Masters in Economics from a recognised university with minimum 50% - 55% aggregate marks or equivalent CGPA
- The admission to PhD in Economics courses are done on the basis of Entrance exams such as UGC NET, GATE, GRE etc
- The average course fees for pursuing PhD in Economics ranges from INR 80,000 - 6,00,000 whose duration ranges from 3 - 5 years
Some of the top Universities offering PhD in economics are tabulated below for your reference,
| Name of the Universities | Average Fees (INR) |
|---|---|
| Indian Institute of Technology, Indore | 3 LPA |
| Indian Statistical Institute, Kolkata | 2 LPA |
| Loyola College, Chennai | 3.55 LPA |
| Indian Institute of Management, Bangalore | 4 LPA |
| Lovely Professional University, Punjab | 2.5 LPA |
BA in Economics Jobs
After completing BA in Economics courses students is offered jobs in various financial sectors such as Banks, Trade Markets and other Government and private sectors. The average salary of a BA in Economics graduate ranges from INR 3 - 5 LPA.
Top Recruiters
BA in Economics is one of the most sought after courses and it promises lucrative job offers by top global corporations, post it’s completion. Some of the top recruiters for BA in Economics courses are tabulated below,
| Berkshire Hathaway | Allianz | AXA |
| JP Morgan Chase | ICBC | Bank of America |
| Wells Fargo | HSBC | Citigroup |
Top Job Profiles
The most interesting part of pursuing a BA in Economics course are the job profiles that come along with it. Some of the job profiles offered post completing the course are tabulated below for your reference
| Job Profiles | Job Description |
|---|---|
| Investment Banker | Investment Bankers are financial advisors to big corporations and in certain cases work as government advisors as well. They help their clients raise money. They are responsible for issuing stock, floating of a bond, negotiating the acquisition of a rival company etc. |
| Financial Analyst | A Financial Analyst is responsible for gathering information, assembling spreadsheets and writing reports and reviews on all non-legal pertinent information about prospective deals |
| Stock Broker | A Stock broker is a professional trader who buys and sells shares on behalf of clients. A stock broker is also known as a registered representative or an investment advisor |
| AuditorI | An Auditor is responsible for reviewing accounts of companies and organizations to ensure the validity and legality of their financial records |
BA in Economics Salary
The average salary post completing a BA in Economics courses ranges from 3.5 - 5 LPA, however, there might be cases where salaries can vary depending on the position and the job roles.
Below mentioned are few of the job profiles along with their average salary for a BA in Economics graduate
| Job Profiles | Average Salary (INR) |
|---|---|
| Investment Banker | 6 - 8 LPA |
| Financial Analyst | 5.5 - 9 LPA |
| Stock Broker | 6 - 9 LPA |
| Auditor | 4 - 8 LPA |
| Systems Analyst | 4 - 6 LPA |
BA in Economics FAQs
Ques. Is a BA in economics good?
Ans. An economics degree is a good foundation to build on for any finance-related career. An economics graduate's typical career path is in data analysis, such as as an actuary or an investment analyst. Further study is recommended for those who want a job directly related to economics.
Ques. What are the subjects in BA economics?
Ans. The Bachelor of Economics, also known as the BA Economics, is a three-year undergraduate degree that focuses on both qualitative and quantitative aspects of economics. Microeconomics and macroeconomics, econometrics, statistics, economic history, political economy, and other courses are available.
Ques. What jobs can you get with a BA in economics?
Ans. Economist is a common career path for economics graduates.
- Analyst of financial risks.
- Analyst of data.
- Financial advisor.
- Accountant is a professional in the field of accounting.
- Economic analyst.
- Financial advisor.
- Analyst of investments.
Ques. Which is better BCOM or BA economics
Ans. When deciding between B.Com and B.A. Economics, make sure to choose the one that best suits your interests. Students interested in banking and business should pursue a B.Com degree, whereas those interested in demand and supply and the behaviour of goods should pursue a B.A. in Economics.
Ques. Do economists make good money?
Ans. According to the BLS, the national average annual wage for an economist is $116,020, which is more than double the average annual wage for all occupations, which is $51,960. The average economist salary, however, varies greatly depending on where you live.
Ques. Are economists in demand?
Ans. Economist employment is expected to grow 14 percent between 2019 and 2029, much faster than the average for all occupations. The growing complexity of the global economy, as well as a more competitive business environment, are expected to boost demand for economists.
Ques. What skills do you need to be an economist?
Ans. Economists should also have the following characteristics:
Analytical abilities Economists must be able to analyse data, identify patterns, and reach logical conclusions, Communication abilities, Critical-thinking abilities, Attention to detail,Math abilities,Writing abilities.
Ques. Can I do CA with BA economics?
Ans. Yes, it is possible to pursue a BA in economics (hons) alongside a CA because the CA is a professional course that allows you to pursue another course at the same time. Accounting, auditing, taxation, costing, law, and other subjects are covered in both courses.
Ques. Is economics a tough subject?
Ans. Despite the fact that economics is a social science, it can be as difficult and demanding as any of the more difficult academic subjects, such as math, chemistry, and so on. To do well in economics, you must devote time, effort, and develop good study habits.
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