Azim Premji University MA Economics Entrance has finally started the application process for their M.A. Economics programme for the 2025-27 batch. In this blog, we’ll break down everything you need to know about the syllabus, the pattern of the entrance examination, and sample questions.
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Section Name | Question Type | No. of Questions |
Microeconomics | Multiple choice question | 10 |
Macroeconomics | Multiple choice question | 10 |
Quantitative | Multiple choice question | 10 |
Analytical | Multiple choice question | 5 |
Descriptive Questions | Short Answer (Word count – 500 each) | 3 |
The 5 multiple-choice analytical questions test English language comprehension, logical reasoning and critical thinking skills.
The three descriptive questions will test the applicants on (i) Economic reasoning, (ii) Applying economics in the real-world and (iii) Suitability for Azim Premji University.
The duration of the test is 3 hours.
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Microeconomics
Preferences, utility, utility functions, indifference curves, marginal rate of substitution, constrained optimisation, income and substitution effects, offer curves and demand curves.
Specialisation, economies of scale, cost minimisation and profit maximisation. Supply curves. Competition – Cournot, Bertrand models, perfect competition and monopolies
Walrasian equilibrium and its assumptions.
Expected utility theory, risk-averse, risk neutral and risk-loving preferences, dealing with risk – insurance.
Different conceptions of social welfare – utilitarian, Rawlsian. First and second welfare theorems. Externalities and public goods. Coasian and Pigouvian solutions to externalities. Taxation, tax incidence, deadweight loss, efficiency and equity considerations.
Macroeconomics
National income identities, expenditure based, income based and value-added approach, sectoral balances, components of aggregate demand.
Keynesian aggregate expenditure approach, tax and expenditure based multipliers, balanced budget multiplier, interest rate policy, monetary transmission mechanisms, external and internal constraints to expansion, balance of payment constrained growth, inflation targeting. Philips curve, relationship between unemployment and inflation, NAIRU.
Demand pull and cost push inflation, output gaps
Steady state growth, productivity growth, convergence.
Quantitative Methods
Basic data interpretation from histograms, trends, scatter plots and tables.
Parameters and sample statistics, mean, median, variance, covariance and correlation. Calculating simple probability etc.
Analytical MCQs and Descriptive Questions
Employment elasticity, Jobless growth, Occupational segregation, Discrimination in labour markets
Measures and trends
Public Distribution System, MGNREGA
Environment and development, Sustainable development discourses, Economic models of Environment Issues
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Click here to access the sample question papers for the Azim Premji University entrance exam.
For more details, please visit azimpremjiuniversity.edu.in.
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Ready to start your Azim Premji University MA Economics Entrance Exam Preparation?
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