How to study for IIFT MA ECONOMICS 2024 Entrance Exam?

The IIFT entrance exam for the Masters in Economics program is scheduled for June 9th, 2024. Known for its high difficulty level, this exam demands a strategic approach to preparation. Here, we’ll break down the best strategies to help you tackle the exam efficiently and secure a spot at IIFT.

Understand the Difficulty Level

The IIFT entrance exam is notoriously challenging. Some questions are on par with the standards of ISI (Indian Statistical Institute), IIT (Indian Institutes of Technology), and DSE (Delhi School of Economics). This means you need to be well-prepared to handle a variety of complex questions.

Strategic Study Plan

1. Solve Past Year Papers:

   – Focus on past IIFT exam papers, especially those from 2018 and 2019. These papers will give you a clear idea of the types of questions and their difficulty levels.

   – Additionally, solve the last five years of past papers from ISI, DSE, and IIT. These institutions have a similar level of difficulty and their questions will help you prepare comprehensively.

   – If time permits, also practice the last three years of papers from JNU (Jawaharlal Nehru University).

2. No Prescribed Syllabus:

   – Since IIFT does not provide a specific syllabus for the entrance exam, you need to prepare broadly. Focus on topics from classes 11 and 12, as well as undergraduate-level economics honors subjects.

   – This might include microeconomics, macroeconomics, statistics, mathematics for economics, and econometrics.

Cutoff and Seats

– Due to the high difficulty level of the paper, the cutoff marks are usually lower. This means you don’t need to score exceptionally high to secure a seat.

– IIFT offers a substantial number of seats for its Masters in Economics program. If you prepare strategically and manage your time well, you stand a good chance of getting admitted.

Tips for Maintaining Mental and Physical Well-being

While rigorous preparation is essential, maintaining your mental and physical health is equally important during exam season. Here are a few tips to keep you in top shape:

1. Stay Organized:

   – Create a study schedule and stick to it. This helps in covering all the necessary topics without feeling overwhelmed.

2. Regular Breaks:

   – Take short breaks between study sessions. This helps in retaining information and prevents burnout.

3. Healthy Diet:

   – Eat nutritious meals to keep your energy levels up. Avoid junk food and sugary snacks that can lead to energy crashes.

4. Exercise:

   – Incorporate some physical activity into your daily routine. This could be as simple as a brisk walk or some light stretching exercises.

5. Adequate Sleep:

   – Ensure you get at least 7-8 hours of sleep every night. Lack of sleep can affect your concentration and cognitive abilities.

6. Stay Positive:

   – Maintain a positive attitude. Believe in your preparation and stay motivated.

Preparing for the IIFT Masters in Economics entrance exam requires dedication and a well-thought-out strategy. By solving past year papers from IIFT, ISI, DSE, and IIT, and keeping your studies broad due to the lack of a prescribed syllabus, you can enhance your chances of success. Remember, the cutoff is low, and with a large number of seats available, a strategic approach can help you secure a spot.

Don’t forget to take care of your mental and physical well-being during this time. Stay organized, take regular breaks, eat healthily, exercise, and get enough sleep. With the right preparation and mindset, you can ace the IIFT entrance exam and take a significant step towards your career in economics.