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DELHI SCHOOL OF ECONOMICS

DU Delhi School of Economics 

The Delhi School of Economics (DSE), which was founded in 1948, is a prestigious graduate programme located on the Delhi University North Campus. In order to strengthen the department of Economics’ research infrastructure, the Center for Development Economics was established within the school in 1993. A prestigious flagship PG programme in Economics, the Delhi University DSE MA in Economics is available to students from all over the world. There are 15 courses in the two-year, full-time M.A. in Economics programme, nine of which are elective/optional and six of which are core courses that must be taken. University conducts online registration for admission to M.A in Economics. The method includes registering through the website of the department (www.econdse.org.)
Registration is expected to begin in the second week of June’23

DSE Eligibility:

To be eligible for M.A in Economics, one must be a Graduate with Economics as specialization and at least 60% marks in the qualifying examination. Candidates appearing in their final examinations are also eligible to apply. The merit is taken by taking into account the proportion of marks acquired in the degree and marks acquired in the Entrance Exam(s). The division of marks will be 50-50.
Duration: 2 years
Admission Criteria: Entrance Exam [CUET/DUET]

Let us help you crack these Entrance Examinations with Edusure!

What is EduSure?

With the assistance of their former instructors and friends, Mr Samkith Banthia and Mrs Mahima Banthia founded Edusure School in 2010. Their goal is to aid students in comprehending and applying economic principles so that they can gain admission to the nation’s Top Masters in Economics Institutes.

In today’s dynamic world, economics is one of the most sought-after and difficult courses. Every organisation needs economists, from stock brokers to the Reserve Bank of India, the Planning Commission to the banking industry. In any organisation, a skilled economist commands not only respect but also excellent pay.

Let’s see what our Rankers have to say:

DSE Ranker 1: Raghav Modi 

One of the most important things is to be confident and believe in you. Start preparing 1-2 years before the actual exam. Do an internship to gain practical experience. Join a good tutoring centre to get perfect guidance and improve yourself. Solve assignments from the previous year to further reinforce your concepts (at least 4 times). Identify your strengths and weaknesses. Focus on the subjects where you have weaknesses and perfect them, especially in the last few months. Lastly, Time Management.

Youtube Link: https://www.youtube.com/watch?v=g9dc240JzOs

DSE Ranker 2: Manav Garg

Focus on optimization. Math should be the focus in the early stages. After math, statistics is of utmost importance to Ecotrix. Free up your CONCEPTS! Sign up for other exams to boost your confidence. Study hard. Solve assignments from the previous year. Remember questions you cannot solve and keep trying. Do not lose focus.

Youtube Link: https://www.youtube.com/watch?v=9N7_CiBkPs4

DSE Ranker 3: Laasya Dutta

Step by step, day by day. Start preparing at the earliest. Even if you are unable to attend the entire course at a tutoring centre, sign up for a crash course. Sequence should be: Theory + chapter-by-chapter questions + exam questions. Tailor your preparation to the exam you are sitting for. One month before the exam, focus more on the areas you cannot solve or are weak in. Solve these questions several times. Attempt the questions you are weak on first. Do not get discouraged

Youtube Link: https://www.youtube.com/watch?v=AZvunzsnf9s

We hope this was helpful.

EduSure has the best and the most structured programme to crack the Master’s in Economics Entrance Exams. It’s a 12-year-old Institute with Rank 1 in DSE, JNU, IGIDR, and IIT amongst others consistently in the last few years.

To see other student testimonials of Edusure and hear about their success: www.youtube.com/edusureschool

To speak to an Edusure student counsellor, please fill out this Enquiry Form or call on 8100824600/01.

For course, enrolment drop in your details on https://edusure.in/contact/ and we shall get back to you! 

Ask a Question: edusureschool@gmail.com
contact@edusure.in

Subscribe: https://www.youtube.com/c/EduSureSchool

We hope this was helpful.

Happy Learning!!

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IIT GATE 2023

The Graduate Aptitude Test in Engineering (GATE) is a nationwide exam that focuses on evaluating candidates’ complete knowledge of a range of undergraduate engineering, technology, architecture, science, and business courses for admission into Master’s Programs (M.A in Economics included), recruitment in PSUs, and other career choices. The Indian Institute of Technology Kanpur is hosting GATE 2023, a computer-based test (CBT). On behalf of the National Coordination Board – GATE, Department of Higher Education, Ministry of Education (MoE), and Government of India, the exam will be administered by IISc Bangalore and seven IITs (IIT Bombay, IIT Delhi, IIT Guwahati, IIT Kanpur, IIT Kharagpur, IIT Madras, and IIT Roorkee) (GoI). A few years ago, in 2021, GATE Economics was launched with the introduction of two new papers: Humanities & Social Sciences (XH) and Environmental Science & Engineering (ES). Starting this year, IIT Madras is taking admission to its MSc Economics course through GATE. GATE Economics is becoming increasingly popular, such as IIT JAM Economics, not only among students with an economics background but also among students without an economics background.

Important Information at a Glance

Exam Name

IIT GATE 2023

Conducting Body

IIT Kanpur

Exam mode

Online CBT mode

Website

https://gate.iitk.ac.in

Application Mode

Online mode

Time

3 hours (For Eco: 09:30 am to 12:30 pm)

Marking Scheme

MCQs – 1 mark for each correct answer; 1/3 mark will be deducted for every wrong answer.
MCQs – 2 marks for each correct answer; 2/3 marks will be deducted for every incorrect response. There is no negative marking for Numerical Answer Type (NAT) questions
and NO negative marking for MSQ & NAT.
  

Validity of GATE Score/Grade

3 years

Registration Last Date

30 September 2022

Admit Card Release Date

9 January 2023

Exam Date

4, 5, 11, and 12 February 2023

5th for Economics

Result

16 March 2023

Availability of Score Card

21 March 2023

Best GATE Economics Book

  • Statistics and Econometrics by B.L.Agarwal
  • Public Finance by S.K.Singh
  • Indian Economy by Mishra & Puri

Gate Economics Eligibility:

Candidates must know the criteria before applying for the exam. 

Educational Qualification

To apply for the GATE entrance exam, a candidate must possess either of the mentioned qualification(s). However, the educational qualification has been relaxed for the exam. The students studying in the 3rd or final years of any undergraduate degree are now eligible for the examination. Also, students who have already completed any degree program approved by the Government in Engineering, Technology, Architecture, Science, Commerce, or Arts are eligible to appear for the GATE 2023 examination.

  • BE/B. Tech/B. Pharma
  • B.Arch
  • B.Sc (Research)/B.S
  • Professional Society Examination (equivalent to B.E./B. Tech/B. Arch)
  • M.Sc./M.A./MCA or equivalent
  • Integrated M.E/M.Tech (Post – B.Sc)
  • Integrated M.Sc./Integrated B.S-M.S
  • Integrated M.E./M.Tech or Dual Degree (after Diploma or 10+2)

According to the revised GATE eligibility criteria, you must have a minimum qualification of 10+2+3. In the final year of graduation, candidates can apply for the GATE entrance examination.

Candidates pursuing or have passed their graduation in Engineering, Technology, Architecture, Science, Commerce, or Arts in a relevant discipline can apply for the course.

Pass Percentage

No minimum pass percentage criteria are defined to apply for the GATE exam 2023.

Age Limit

There is no age limit defined to apply for the GATE exam 2023.

Nationality

You should have Indian nationality to apply for GATE 2023. Candidates from Nepal, Bangladesh, Singapore, Sri Lanka, Ethiopia, and the United Arab Emirates are eligible for the GATE.

GATE Eligibility Criteria for International Students

Candidates living in Nepal, Bangladesh, Singapore, Sri Lanka, Ethiopia, and the United Arab Emirates can apply for GATE. Candidates from these countries must have completed or be in their final year or the pre-final year of their bachelor’s degree in engineering and technology or equivalent.

GATE Economics Application:

Check out the essential steps given below to fill GATE exam form:

  • Visit GOAPS’s official site and register.
  • Once registration is completed, candidates need to open a window for GATE Login.
  • Fill up the GATE application form.
  • Upload the required documents, like photographs and signatures.
  • Make the payment of GATE exam fees.
  • Click on the submit button.

You can visit the application portal for registration from:  https://app.gate.iitk.ac.in/login

 

A detailed description of the GATE Economics 2023 application fee, which candidates must submit during the entire registration process, is given in the table shown below:

Category

On or Before the Last Date

(7 October 2022)

During the Extended Period

(8 October 2022- 16 October 2022)

For Examination Centers in India

Female candidates

₹ 850

₹ 1350

SC/ST/PwD* category candidates

₹ 850

₹ 1350

All other candidates

₹ 1700

₹ 2200

For Examination Centers outside India (All Candidates)

Addis Ababa, Colombo, Dhaka, and Kathmandu

US$ 100

US$ 150

Dubai and Singapore

US$ 200

US$ 250

We hope this was helpful.

EduSure has the best and the most structured programme to crack the Master’s in Economics Entrance Exams. It’s a 12-year-old Institute with Rank 1 in DSE, JNU, IGIDR, and IIT amongst others consistently in the last few years.

To see student testimonials of EduSure and hear about their success: www.youtube.com/edusureschool

To speak to an EduSure student counsellor, please fill out this Enquiry Form or call on 8100824600/01.

For course, enrolment drop in your details on https://edusure.in/contact/ and we shall get back to you! 

Ask a Question: edusureschool@gmail.com
contact@edusure.in

Subscribe: https://www.youtube.com/c/EduSureSchool

We hope this was helpful.

Happy Learning!!

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IIT JAM 2023

 Every year, on a rotating basis, the Indian Institute of Technology (IIT) administers the Joint Admission Test (JAM) for MA and MSc (Masters of Sciences) in India on behalf of the Indian Ministry of Human Resource Development (MHRD).

The Indian Institute of Sciences (IISc), Bangalore offers integrated PhD programmes, as well as MSc and other post-graduate programmes (Master’s in Economics included). The IIT JAM is held to grant admission to candidates in these programmes. In addition, JAM scores will be used for admissions to over 2300 seats by various CFTIs including NITs, IISc, DIAT, IIEST, IISER Pune, IISER Bhopal, IIPE, JNCASR, and SLIET.

Important Information at a Glance

Exam Name

IIT JAM 2023

Conducting Body

IIT Guwahati

Website

https://jam.iitg.ac.in/

Exam mode

Online CBT mode

Application Mode

Online mode

Language

English

Time

3 hours (Session-II (2.30 PM to 5.30 PM) for Economics)

Marking Paper

Section

No of Questions

Marks

Negative Marking

A

10 MCQs

1 mark each

1/3

20 MCQs

2 marks each

2/3

B

10 MSQs

2 marks each

Not Applicable

C

10 NAT Questions

1 mark each

Not Applicable

10 NAT Questions

2 marks each

Not Applicable

IIT JAM Economics Syllabus

Consumer theory, Production, costs with perfectly competitive markets, General equilibrium and welfare, Market structure, Game theory, Public goods and market failure, National Income Accounting, Behavioral and Technological Functions, Business Cycles and Economic Models

Start date of JAM 2023 application form

September 6, 2022

Last date to submit the JAM application form

October 14, 2022

Admit card release

January 11, 2023

Entrance Exam

February 12, 2023

Result announcement

March 22, 2023

Score Card

April to July 2023

Submission of application for admission

11th April to 25th April 2023

JAM Economics Eligibility:

IIT Guwahati had laid some conditions for eligibility for IIT JAM 2023, such as:

  1. Candidates must hold a bachelor’s degree. Earlier, there was a CGPA cutoff, but from 2023; they will only need to pass their undergraduate exams.
  2. Candidates appearing for graduation exams in 2023 are also eligible to apply, provided they submit proof of graduation by September 2023.
  3. Only candidates passing the IIT JAM 2023 will be eligible for the admission process.
  4. There is no age bar to appear for IIT JAM 2023.

JAM Economics Application:

Students who are interested to apply for IIT JAM 2023 must check the details about the application form in the below-given section:

  • IIT JAM 2023 Registration has started from 7th September 2022.
  • The application form has been made available to the applicants through online mode on the website.
  • Students before registration must go through complete eligibility and registration instructions.
  • Last date to submit the application was 11th October 2022.
  • The documents must be ready with the candidates for uploading as per the prescribed format and size discussed in the application procedure.
  • In case students have submitted their form filling incorrect details, then they have to wait for the correction facility to open to make modifications. The correction facility will open from the 3rd to the 4th week of October 2022 by online mode.
  • Students must note that the application fee is non-refundable in nature.
  • Candidates can pay fees through online mode only. Category-wise fee is mentioned below –

Category

One Test paper

Two test papers

ST/ SC/ PWD & Female (all categories)

Rs.900/-


Rs.1250/-

All other candidates

Rs.1800/-

Rs.2500/-

  • NOTE: Candidates who have wrongly entered the Category or Gender will be allowed to change the Category or Gender on the application portal available at https://jam.iitg.ac.in with an additional fee.
  • There is generally a surge in fees every year.

You can visit the application portal for registration at https://joaps.iitg.ac.in/

 

EduSure has the best and the most structured programme to crack the Master’s in Economics Entrance Exams. It’s a 12-year-old Institute with Rank 1 in DSE, JNU, IGIDR, and IIT amongst others consistently in the last few years.

To see student testimonials of EduSure and hear about their success: www.youtube.com/edusureschool

To speak to an Edusure student counsellor, please fill out this Enquiry Form or call on 8100824600.

For course, enrolment drop in your details on https://edusure.in/contact/ and we shall get back to you! 

Ask a Question: edusureschool@gmail.com
contact@edusure.in

Subscribe: https://www.youtube.com/c/EduSureSchool

We hope this was helpful.

Happy Learning!!

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Career options after MA Economics

A Masters course in Economics opens up a gamut of opportunities in various domains. It boosts the job prospects for candidates and help them stay ahead of the curve. The course itself deals with subjects like Mathematics, Statistics, Macro & Micro Economics and Econometrics which prove to be crucial in effectively handling the nuances of social and economic growth of the nation.

This blog is a telltale guide to the abundant opportunities available for aspiring candidates who are planning a career in Economics.

One can find challenging career opportunities in many different fields that require analytical, numerical, and problem-solving skills, such as financial management, market research, business planning, budgeting, and resource allocation. In the MA Economics program, professionals gain advanced-level mathematical and statistical skills, as well as the ability to apply fundamentals and concepts to real-world economic issues.

Following are some of the domains where MA Economics aspirants find the most opportunities in the job market:

Entrepreneurship
BFSI & World Bank
International Labour Organization
Research agencies
Economic Consultancy
Actuary and Data Analysis
Education and else

There is a surge of opportunities for Economics graduates as the nation is embracing globalization and advancement at a rapid pace, resulting in a high level of competition. These current events have given a boost to job opportunities for MA Economics professionals. Needless to say, that it is an evergreen domain which does not faulter with a global crisis like a pandemic we are currently facing, but in fact becomes more relevant during the trying times.

Here is a list of top 9 Job Opportunities in India for M.A. Economics professionals:

1. Economist

The role of an economist is to examine how the resources of a society affect its production or output. They can work in small, local communities or whole nations, as well as in the global economy. They study, develop, and apply economic theories and concepts, as well as write about economic policy. Within the field of economics, there are many sub-fields, from the broad philosophical theories to the finer details of particular markets. An Economist typically has knowledge and expertise about all of that and apply them in real life scenarios. They work in several fields such as academia, government, and the private sector, where they may also collect and study data and statistics on economic activity, consumer attitudes, and economic confidence levels. They evaluate this data with advanced statistical analysis, mathematics, and computer programming techniques [and] make recommendations about ways to make systems more efficient or take advantage of trends as they develop.

The average salary for an Economist is ₹771,341 per year in India.

2. Market Research Analyst

A market research analyst studies market conditions to analyze potential sales of a product or service. Most industries use market research, so they are employed throughout the economy. The analytics and statistics skills they use to determine market trends allow them to apply data-driven solutions to drive business.

The national average salary for Market Research Analyst is ₹4,56,928 per year in India.

3. Credit Analyst

The creditworthiness of assets and liabilities of organizations is determined by credit analysts. The state of the subject’s financial health and economic conditions determine whether repayment is possible. Generally, these financial professionals work for commercial and investment banks, credit rating agencies, credit card issuing institutions, and investment companies.

The national average salary for Credit Analyst is ₹7,20,826 per year in India.

4. Statistician

Statisticians collect and analyze data that is appropriate and necessary to their research. Data generation has led to an increase in demand for statisticians in the corporate world. Experts in this domain apply statistical models and methodologies to solve real-time business problems. Various industries employ statisticians, including finance, market research, forensics, transportation, healthcare, and education.

The national average salary for Statistician is ₹4,20,197 per year in India.

5. Financial Analyst

A financial analyst may be asked to perform a number of different functions and aspects under the umbrella term financial analysis. Financial Analysts stay abreast of market trends, demographics, and microeconomic factors at all times. As a result, this practice helps the company to make wise investments and future financial decisions, which impacts its short- and long-term growth.

The national average salary for Financial Analyst is ₹5,29,716 per year in India.

6. Economics Teacher

The majority of Economics teachers are employed by private or public higher education colleges, B-schools, or universities. Emphasis is placed on subject areas such as finance management, social science, macroeconomics, microeconomics, tax obligations, and corporate finance. Teachers of economics need a variety of skills, such as communication skills, patience, instructional skills, and good computer skills.

Economics college lecturer salary in India is ₹ 10 Lakhs per year for employees with 10 years of experience.

7. Editor – Business, Finance and Economics

A Business, Finance, and Economics Editor is a critical reader who enjoys playing with words. Their primary responsibility is to polish and improve an article or story. Editors have a wide range of job opportunities in a variety of industries, where they can publish content in magazines, newspapers, blogs, and books.

Editor – Business, Finance and Economics salary in India is ₹ 3.2 Lakhs per year.

8. Economics – Academic Content Writer

The Academic Content Writer collaborates with the editorial staff to provide new blog entries, guidelines, and marketing text to an institution’s or company’s website. They start with a scan of industry-related trends and then come up with concepts for creating trending but distinctive content. After that, proofread the papers thoroughly before submitting them.

The national average salary for Academic Content Writer is ₹17,740 per month in India.

9. Data Scientists

Data scientists collaborate with business stakeholders to learn about their objectives and how they may be met. Professionals in this sector look for patterns in enormous amounts of raw data in order to boost a company’s reputation. They construct algorithms, design data modelling procedures, and define predictive models to extract data to meet business objectives because they often focus on the futuristic display of data.

The national average salary for Data Scientist is ₹10,00,000 per year in India.

Economics is a component of our daily utility that will never go away. Because of its advanced level of knowledge and applications, MA Economics is in high demand both nationally and internationally.

EduSure being a coaching institute for MA Eco entrance exam preparation provides meticulous guidance through online classes, question banks and online materials, which are well researched and effort is taken to provide individual attention and care. A thoroughly planned teaching methodology is followed that ensures success.

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CDS Entrance Exam Syllabus 2022

Microeconomics

  • Consumer behavior Utility maximization and Demand
  • Theories of production and cost
  • Choice under uncertainty
  • Perfect competition and Monopoly
  • Basic models of Oligopoly
  • Cournot, Bertrand and Stackelberg

Suggested textbook: Intermediate Microeconomics: A Modern Approach by H R Varian.

Macroeconomics

  • National Income accounting
  • Simple Keynesian model
  • ISLM model,
  • Solow growth model,
  • Theories of money demand and money supply,
  • Consumption and Investment.

Suggested textbook: Macroeconomics by Gregory N Mankiw.

Mathematics

  • Algebra: Index Number; Logarithm; Arithmetic, Geometric and Harmonic
  • Progression; Permutation and Combination; Theory of Equations.
  • Matrix Algebra: Concept of Matrix and Vectors; Matrix Addition and Multiplication; Commutative, Associative and Distributive Laws; Identity and Null Matrix; Transpose and Inverse of a Matrix; Determinant, Cramer’s rule.
  • Calculus: Functions; Limits; Continuity; Differentiation of Functions of one or more Variables including Trigonometric Functions; Unconstrained Optimization; Definite and Indefinite Integrals; Integration by Parts and by Substitution. First Order and Second Order Difference/Differential Equations.

Suggested reference: Fundamental methods of mathematical economics by Alpha C Chiang.

Statistics

  • Probability Theory: Classical and Axiomatic Definition of Probability; Calculus
    of Probability; Conditional Probability and Statistical Independence; Random Variables; Distribution Functions; Density and Mass Functions.
  • Descriptive Statistics: Summarization of Data; Frequency Distribution and it’s Graphical Representation; Bivariate and Multivariate Frequency Distribution; Measures of Central Tendency, Measures of Dispersion, Skewness, Kurtosis and correlation.
  • Sampling: Concepts of population and sample, Sampling Design and Random Sampling
  • Theoretical and Sampling Distributions: Mean, Variance and Other Moments
    of Binomial, Poisson, Negative Binomial, Geometric, Normal and Rectangular Distribution. Concept of Standard Normal, Chi Square, F distribution and their moments.
  • Statistical Inference: Point Estimation, Unbiasedness, Confidence Interval, Ordinary Least Square, Goodness of Fit; Hypothesis Testing: Null and Alternative Hypothesis; Type I and Type II error, Size of a test. Acceptance and Rejection Region, p-value. Analysis of Variance (ANOVA).

Suggested book: Goon, Gupta and Dasgupta (2013) Fundamentals of Statistics, World Press Private Ltd.

Indian Economy

In this topic various issues in the contemporary Indian economy will be covered and suggested references include last two years’ Economic Survey published by the Ministry of Finance, Government of India and Reserve Bank of India Bulletin and Annual Report along with other publications

The entrance examination consists of 100 multiple choice objective questions. Each question will have four choices in answers with only one correct answer. There will be negative marking for wrong answers. Each correct answer carries three marks and one mark would be deducted for each wrong answer. The examination is of two hours duration and maximum mark is 300. Prospective candidates may find question papers of the previous years on our website www.cds.edu

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IIT JAM 2022 Tips and Strategy

What is IIT JAM Exam?

JAM is conducted by IITs, on a rotational basis, to fill seats in Joint MS.-PhD, MSc-PhD dual degree, et al programmes. IISc Bangalore also fills Integrated PhD Degree programmes based on IIT-JAM score. Other than this, NITs also considered the performance in the exam for admission. The exam is held on a single day for six subjects. Earlier, the exam was held for seven subjects but IITs recently dropped biological sciences from the exam.

IIT JAM 2022 Exam is to be held on Feb 13, 2022 in an online mode. IIT JAM will be conducted for seven Papers, namely, Biotechnology, Chemistry, Economics, Geology, Mathematics, Mathematical Statistics, and Physics. Check IIT JAM Syllabus 2022.

IIT JAM 2022 will be conducted online only as a Computer Based Test (CBT) for all Test Papers. As per IIT JAM Exam Pattern, three types of questions will be asked in the paper i.e. MCQ, MSQ, and NAT questions.

IIT JAM 2022 Admit Cards has been released on January 16 in online mode. All the successfully registered candidates who have paid the application fees can download the admit cards by visiting the official website ie. jam.iitr.ac.in. Check IIT JAM 2022 Admit Card.

The authority has also released the subject wise IIT JAM mock tests on the official website. The time direction and type of questions asked in IIT JAM Mock Test are as per the pattern of the paper. Also, all the candidates can access mock tests as no login credentials are required to start the test.

IIT JAM Economics Exam Pattern & Marking Pattern

Understanding the JAM Paper Pattern is essential to prepare for the exam. This will help you know the number of questions asked in the Economics paper and the time allotted to solve these questions.

Below are the details about IIT JAM Economics Paper Pattern-

Duration of Exam3 Hours
Number of Questions60 Questions
Total Marks100 Marks
Total Sections3 Sections – A, B, & C
Type of Questions

Section A – 30 Multiple Choice Questions

Section B – 10 Multiple Select Questions

Section C – 20 Numerical type Questions

Scheme for Marking

There will be negative marking for section A

No negative marking for sections B & C.

Marking Scheme for IIT JAM Economics Exam

Below, we are sharing the IIT JAM Economics marking scheme that will make you aware of the exam paper’s difficulty level.

Section A:

This section is divided into two parts. The first part will contain 10 Multiple Choice Questions of 1 mark. There is a negative marking for every wrong answer (1/3 will be deducted for the 1-mark question).

The remaining 20 Multiple Choice Questions are of 2 marks each, and 2/3 marks will be deducted for these types of questions in case of wrong attempts.

Section B:

This section contains 10 Multiple Select Questions of 2 marks each.

There is no negative marking in this section.

Section C:

It contains 30 Numerical Answer type questions. 1 mark will be awarded for 10 Numerical Answer type questions and 2 marks for other remaining questions.

There will be no negative marking for Section C as well. 

IIT JAM Economics Books 

After knowing about the Exam Pattern and Syllabus, the next step to get good marks has the best books for preparation. Before buying any book, candidates must go through the reviews about the book. The value of good books cannot be overlooked as they provide a student with clear and understandable answers from guiding to solving problems and explaining topics in simple language, and having several problems for practice. Aspirants should only refer to the best IIT JAM Study Material to crack the IIT JAM Economics exam with good marks.

Here at Edusure, we’re working tirelessly to bring you the quality IIT JAM Economics Study Material and complete online learning materials as soon as possible. So, stay tuned with Edusure to get all the updates on the study materials.

Here are some of the most recommended IIT JAM Economics Books for your reference –

  • Micro Economics by Varian, Pindyk and Rubinfield
  • Macro Economics by Dornbusch
  • Indian Economy by Mishra & Puri
  • IIT Mathematics By Khanna and Sharma
  • Fundamentals of Mathematics & statistics by Gupta & Kapoor
  • Basic econometrics by Gujrati

IIT JAM Syllabus for Economics (EN)

IIT JAM Economics Syllabus is also divided into the various sections. Also, the paper or discipline has been added to IIT JAM from this year. Candidates can check the syllabus below:

Microeconomics Syllabus

Names of Chapters
Consumer theoryPublic goods and market failure
Production, costs with perfectly competitive marketsGame theory
General equilibrium and welfareMarket structure

Macroeconomics Syllabus

Names of Chapters
National Income AccountingGrowth Models
Behavioral and Technological Functions Inflation and Unemployment
Business Cycles and Economic ModelsBusiness Cycles and Economic Models (Open Economy)

Statistics for Economics Syllabus

Topics
Probability theory, Sample spaces and events, Axioms of probability and their properties, conditional probability and Bayes’ rule, independent events
Random variables and probability distributions, probability distributions, expected values and functions of random variables, properties of commonly used discrete and continuous distributions
Random sampling, Density and distribution functions for jointly distributed random variables, computing expected values of jointly distributed random variables, covariance and correlation coefficients
Point and interval estimation, estimation of population parameters using methods of moments and maximum likelihood procedures, properties of estimators, confidence intervals
Hypothesis testing, distributions of test statistics, testing hypotheses related to population parame- 32 ters, Type I and Type II errors, the power of a test, tests for comparing parameters from two samples

Indian Economy Syllabus

Names of Chapters
Indian economy before 1950India’s labour market
Planning and Indian developmentPoverty
Indian economy after 1991Inequalities in social development
Banking, finance and macroeconomic policies—

Mathematics for Economics Syllabus

Names of Chapters
Topics
Preliminaries and Functions of one real variableIntegration, differential equations, and difference equations
Single-variable optimizationLinear programming
Linear algebraMultivariate optimization
Functions of several real variables—

Econometrics:

Names of Chapters
Basics and advanced theories
MLRM (Multi-Liner Regressions Models)
Violations of classical assumptions
Important tests and results

We here at Edusure, would suggest to not worry about the entrance test and make a note of these important tips for appearing for this exam.

  • Understand JAM and what it demands from you: It is very important to understand the exam and what is expected out of a candidate via it. To get this, the best sources is the exam pattern and syllabus of JAM 2020. There are six subjects in JAM for Biotechnology (BT), Physics (PH), Mathematical Statistics (MS), Mathematics (MA), Chemistry (CY), Geology (GG) and syllabus for each subject is very different. Candidates should check the syllabus and divide it into strong and weak topics. Since the exam is here, this is the time to make strong subjects stronger.
  • Check the updated Syllabus: Before starting your preparation, check the syllabus and note down the important topics covering a large section of the exam. Study the theoretical part first as it will take less time; then, move on to the numerical part.
  • Do the Complete Planning: Making a perfect plan is the best way to start your preparation? For that, you can create a timetable and follow it for better results. You should remember the important topics and make notes about them. These notes play a crucial role while revising the concepts. Filter out the topics you think you’re weak and plan up the strong approaches to strengthen such topics.
  • Learning less, but learn every day: JAM 2018 AIR 1, Swarnim Shirke, believed that one should keep on learning. As per him, how much you are learning is not important but the fact that you are learning something new every day is the most crucial. His focus was physics but he gave equal importance to learning Math, stats, etc. Soon he understood the application of mathematical and statistical tools in Physics and this helped him making Physics stronger.
  • Time Management: While studying, set a deadline for your topic and complete it within that pre-set time limit. If you cannot do it, then make honest efforts to increase your speed which will help you during the exam. Take breaks or short intervals in between your study hours. Another tip for a good preparation strategy is to study the difficult topics during the early hours of the day. Make sure you have got enough sleep at night for better concentration.
  • Analyze and Revise: While studying, you must analyze your weak and strong syllabus areas and work on them accordingly. Don’t forget to revise daily for at least 30–45 mins. Also, go through all the topics at least once a day. It will help you remember a lot of important concepts during exams. Note down all the formulas one by one and practice with the topics daily. Practice all the numerical part especially from micro and macroeconomics, for the mathematical part in Economics like variables and equations, try to practice all the question section wise with the formula regularly
  • Practice using Virtual Calculator: Being an IIT JAM aspirant, you must familiarize yourself with the virtual calculator. It is important to know the format of the calculator as physical calculators will not be allowed in the exam. So, it is advised that candidates practice with the IIT JAM Virtual Calculator provided for the same.
  • Give Mock Tests: Taking mock tests will enable you to have a time management strategy and prioritize the topics to be dealt with first. You should join online test series and take mock tests daily. It will give you an idea about the type of questions asked, help you analyze your level of preparation, and increase speed and accuracy. There is no better source to prepare for an examination, other than previous year question paper and mock test. So, do make sure to solve as many questions paper and mock test as one can.
  • Do not hesitate to seek help: when time is less, seeking help from an expert saves time and brings in the opportunity to learn something new. So, when stuck, do not hesitate to approach the teacher or expert.
  • Time management rule: We here at Edusure have devised a simple yet effective rule to manage your time for the time completion of your paper, it’s known as the EMD Rule or the Easy, Medium and Difficult Rule, which is applied by:
  1. Do not miss out on easy questions. 
  2. Spend 15 minutes analysing paper and sectionally divide the paper by marking the easy medium and difficult questions. 
  3. Start from easy questions and work towards the difficult ones. 
  4. Allocate 2.5 hours to solve the paper. 
  5. Take last 15 minutes to revise the paper
  • The ultimate tip: Breathe to relax. It’s just an exam!

Do take a look at a video on our Youtube channel on How to prepare for IIT JAM 2022 – Exam strategy, tips, time management, tricks, etc. 

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