IIT Delhi MSc Economics Program Overview
The Department of Humanities and Social Sciences, Indian Institute of Technology Delhi offers a two-year full-time programme, Master of Science in Economics. Applications are invited from highly motivated UG students who envisage careers in academia, government, industry, and civil society organizations.
IIT Delhi MSc Economics 2026 Application Process Explained
- Apply through IIT JAM 2026 Website: : All candidates must register for IIT JAM 2026 entrance test for admission to the MSc Economics programme.
- Entrance Exam : Admission to the M.Sc. Economics program is determined through a competitive entrance examination, primarily the IIT JAM. Selection is strictly merit-based, considering the candidate’s score in the JAM Economics paper and, where applicable, performance in additional institute-specific tests such as those conducted by IIT Delhi
Course Fees, Seats and Hostel Facility
- Seats Available: IIT Delhi's M.Sc. Economics programme has a total of 30 seats (15 JAM + 15 additional). These seats are filled through the JAM examination. Additionally, there's a special provision for 15 more seats, which can be filled through an entrance test conducted by the department.
- Course Fees: The total tuition fee for the M.Sc. in Economics program at IIT Delhi is approximately ₹30,000 per semester. Additionally, students residing in the hostel are required to pay ₹36,000 (per semester). These fees are subject to change.
- Hostel Facilities: Hostel seats at IIT Delhi are allotted automatically after the Entry Number is generated, with no need for a separate request. Confirmation is done upon timely fee payment, and students can move in 1–2 days before registration/orientation.
Eligibilty for IIT Delhi MSc in Economics
- Mathematics Requirement: Prerequisite knowledge of mathematics at 10+2 or higher level is not mendatory..
- Qualifying Degree: Bachelor’s degree (B.A./B.Sc./B.Com /B.Stat./B.Math./ B.Tech/B.E. or equivalent) with GPA of 5.5 for General/OBC/EWS (5.0 for SC/ST/PwD) on a 10 point scale or equivalent or 55% marks (50% for SC/ST/ PwD) in aggregate without rounding-off (of all the years/semesters of the qualifying degree, taking into account all subjects including languages and subsidiaries, all years combined).
- Provisional Admission: Admission is provisional until the submission of final official mark sheets of the qualifying degree.
IIT Delhi MSc Economics 2026 through IIT JAM– Application Fee & Important Dates
| Details | Information |
|---|---|
| Female/SC/ST/PwD Candidates (per test paper) | ₹1,000/- |
| All Other Candidates Including Foreign Nationals (per test paper) | ₹2,000/- |
| Commencement of Application Process | 5th September 2025 |
| Last Date to Apply | 12th October 2025 |
| Entrance Exam Dates | 15th February 2026 |
| Result Declaration | 20th March 2026 |
MSc Economics Entrance Exam for IIT Delhi
Admission Process for IIT Delhi MSc in Economics
- Application Form Submission: Register through the official IIT JAM 2026 website and complete the application form.
- Entrance Exam: Appear for the IIT JAM Economics exam on the scheduled date.
- JOAPS PORTAL: After the IIT JAM 2026 results are announced, candidates must register on the JOAPS portal for counselling. Seat allotment will be based on your JAM score, institute-specific cut-offs, and your eligibility criteria.
IIT Delhi MSc Economics Exam Syllabus: What to Study?
- Exam Syllabus Level: Based on undergraduate-level Economics curriculum.
- Core Subjects: Includes Microeconomics, Macroeconomics, International Economics, and Public Finance.
- Quantitative Focus: Covers Basic Mathematics and Statistics relevant to Economics.
- IIT JAM Economics detailed syllabus ahead - don't miss the key topics, scroll down to explore!
IIT Delhi MSc Economics Paper Pattern & Marking Scheme (through JAM)
| Particulars | Details |
|---|---|
| Mode of Examination | Computer Based Test (CBT) |
| Language of Examination | English |
| Exam Duration | 3 Hours |
| Sections | General Aptitude (15 marks) + Subject-Specific Questions (85 marks) |
| Total Marks | 100 marks |
| Type of Questions | (a) Multiple Choice Questions (MCQ) (b) Multiple Select Questions (MSQ) (c) Numerical Answer Type (NAT) |
| Marking Scheme | Questions carry 1 or 2 marks each |
| Negative Marking | – For 1-mark MCQ: ⅓ mark deducted for wrong answers – For 2-mark MCQ: ⅔ mark deducted – No negative marking for MSQ or NAT questions |
| Partial Marking | Not applicable for MSQ |
Get a clear idea of what to expect in the IIT JAM Economics exam.
Access past year papers with solutions to boost your confidence and exam readiness.
Access past year papers with solutions to boost your confidence and exam readiness.
Placements after IIT Delhi MSc Economics
Internships
Internship opportunities for M.Sc. Economics students at IIT Delhi are highly rewarding, with a mean stipend of ₹40,000/month and the highest stipend reaching ₹1.8 lakhs/month (2025). Students have interned at top global institutions like the University of Oxford, The World Bank, NABARD, and reputed companies such as EY, KPMG, IBM, and Credit Suisse.
Attractive Salaries
Placement packages are impressive, with the mean CTC for the 2025 batch at ₹16 LPA and the highest CTC recorded at ₹20 LPA. In past years, the highest salary packages have gone up to ₹34 LPA, indicating strong and consistent placement performance.
Job Recruitment
Graduates are recruited by leading global firms and organizations including Goldman Sachs, Barclays, Morgan Stanley, Accenture, UBS, EXL, Axis Bank, and The Economist, reflecting the program’s strong industry alignment and demand for its students.
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IIT JAM Economics Syllabus
EduSure provides the complete IIT JAM Economics entrance syllabus and offers advice for preparing for the IIT JAM Economics entrance exam. Enroll today to gain access to previous year question papers and expert guidance.
Micro Economics
Consumer Theory – Preferences, utility, representation theorem, budget constraint, choice, ordinary & compensated demand, Slutsky equation, revealed preference axioms
Theory of Production & Cost – Production technology, isoquants, single & multiple input production functions, returns to scale, short-run & long-run costs, cost curves
General Equilibrium & Welfare – Equilibrium and efficiency in pure exchange & production, welfare economics, theorems of welfare economics
Market Structure – Perfect competition, monopoly, pricing with market power, price discrimination (first, second & third degree), monopolistic competition, oligopoly
Game Theory – Strategic form games, iterated elimination of dominated strategies, Nash equilibrium, mixed strategies, Cournot & Bertrand duopolies, Prisoner’s dilemma
Public Goods & Market Failure – Externalities, public goods, asymmetric information, adverse selection, moral hazard
Macro Economics
National Income Accounting – Structure, key concepts, measurements, circular flow of income (closed & open economy), money, fiscal & foreign sector variables
Behavioural & Technological Functions – Consumption functions (absolute income, life-cycle, permanent income, random walk), investment functions (Keynesian), money demand & supply, production function
Business Cycles – Closed Economy – Facts & features, Classical & Keynesian models, Keynesian cross model, multiplier, IS-LM model, Hicks’ synthesis, role of monetary & fiscal policies
Business Cycles – Open Economy – Mundell-Fleming model, Keynesian flexible price model (AD-AS), monetary & fiscal policy roles
Inflation & Unemployment – Theories, measurement, causes, effects of inflation; types, measurement, causes, effects of unemployment
Growth Models – Harrod-Domar, Solow, Neo-classical growth (AK model, Romer model, Schumpeterian growth model)
Statistics for Economics
Probability Theory – Sample space, events, probability axioms, conditional probability & Bayes’ rule, independence, random variables & distributions, expectation, variance, higher-order moments, functions of random variables, discrete & continuous distributions, joint distributions, mean, variance, covariance & correlation
Mathematical Statistics – Random sampling & types, point & interval estimation, methods of moments & maximum likelihood estimation (MLE), properties of estimators, sampling distributions, confidence intervals, central limit theorem, law of large numbers
Hypothesis Testing – Test statistics distribution, tests for population parameters, Type I & II errors, power of a test, two-sample parameter comparison tests
Correlation & Regression – Types of correlation, regression basics, Ordinary Least Squares (OLS) method, CLRM assumptions, OLS properties, goodness-of-fit, variance & covariance of OLS estimators
Indian Economy
Indian Economy Before 1950 – Transfer of tribute, deindustrialization and its impact on India’s economy
Planning & Development – Planning models, agriculture–industry growth linkages, challenges in Indian planning
Post-1991 Reforms – 1991 Balance of Payments crisis, key economic reforms, trade liberalization, foreign investment reforms
Banking, Finance & Policies – Banking structure, CRR & SLR, financial sector reforms, fiscal & monetary policy, savings & investment trends
Social Development & Inequality – Achievements in health, education, social sectors; inter-state disparities in human development
Poverty in India – Poverty estimation methods, challenges & debates in measurement
Labour Market – Unemployment trends, labour force participation rates
Mathematics for Economics
Preliminaries & Functions – Set theory, number theory, quadratic, polynomial, exponential, logarithmic functions, multivariable functions, graphs, convexity & concavity, sequences & series (convergence & applications), complex numbers, De Moivre’s theorem
Differential Calculus – Limits, continuity, differentiability, mean value theorems, Taylor’s theorem, partial derivatives, gradient, chain rule, higher-order derivatives, implicit function theorem, homogeneous & homothetic functions
Integral Calculus – Definite & indefinite integrals, fundamental theorems, applications in economics
Differential & Difference Equations – First-order difference & differential equations with economic applications
Linear Algebra – Matrices, linear equations, independence & dependence, rank, determinants, eigenvalues & eigenvectors, symmetric matrices, quadratic forms & definiteness
Optimization – Local & global optima, multivariate optimization, constrained optimization (Lagrange multipliers), second-order conditions, envelope theorem, linear programming (graphical & matrix methods), duality & economic interpretation
IIT Delhi MSc Economics Syllabus
EduSure provides the complete IIT Delhi MSc Economics entrance syllabus and offers advice for preparing for the IIT Delhi Economics entrance exam. Enroll today to gain access to previous year question papers and expert guidance.
Micro Economics
Consumer Theory – Preferences, utility, representation theorem, budget constraint, choice, ordinary & compensated demand, Slutsky equation, revealed preference axioms
Theory of Production & Cost – Production technology, isoquants, single & multiple input production functions, returns to scale, short-run & long-run costs, cost curves
General Equilibrium & Welfare – Equilibrium and efficiency in pure exchange & production, welfare economics, theorems of welfare economics
Market Structure – Perfect competition, monopoly, pricing with market power, price discrimination (first, second & third degree), monopolistic competition, oligopoly
Game Theory – Strategic form games, iterated elimination of dominated strategies, Nash equilibrium, mixed strategies, Cournot & Bertrand duopolies, Prisoner’s dilemma
Public Goods & Market Failure – Externalities, public goods, asymmetric information, adverse selection, moral hazard
Macro Economics
National Income Accounting – Structure, key concepts, measurements, circular flow of income (closed & open economy), money, fiscal & foreign sector variables
Behavioural & Technological Functions – Consumption functions (absolute income, life-cycle, permanent income, random walk), investment functions (Keynesian), money demand & supply, production function
Business Cycles – Closed Economy – Facts & features, Classical & Keynesian models, Keynesian cross model, multiplier, IS-LM model, Hicks’ synthesis, role of monetary & fiscal policies
Business Cycles – Open Economy – Mundell-Fleming model, Keynesian flexible price model (AD-AS), monetary & fiscal policy roles
Inflation & Unemployment – Theories, measurement, causes, effects of inflation; types, measurement, causes, effects of unemployment
Growth Models – Harrod-Domar, Solow, Neo-classical growth (AK model, Romer model, Schumpeterian growth model)
Statistics for Economics
Probability Theory – Sample space, events, probability axioms, conditional probability & Bayes’ rule, independence, random variables & distributions, expectation, variance, higher-order moments, functions of random variables, discrete & continuous distributions, joint distributions, mean, variance, covariance & correlation
Mathematical Statistics – Random sampling & types, point & interval estimation, methods of moments & maximum likelihood estimation (MLE), properties of estimators, sampling distributions, confidence intervals, central limit theorem, law of large numbers
Hypothesis Testing – Test statistics distribution, tests for population parameters, Type I & II errors, power of a test, two-sample parameter comparison tests
Correlation & Regression – Types of correlation, regression basics, Ordinary Least Squares (OLS) method, CLRM assumptions, OLS properties, goodness-of-fit, variance & covariance of OLS estimators
Mathematics for Economics
Preliminaries & Functions – Set theory, number theory, quadratic, polynomial, exponential, logarithmic functions, multivariable functions, graphs, convexity & concavity, sequences & series (convergence & applications), complex numbers, De Moivre’s theorem
Differential Calculus – Limits, continuity, differentiability, mean value theorems, Taylor’s theorem, partial derivatives, gradient, chain rule, higher-order derivatives, implicit function theorem, homogeneous & homothetic functions
Integral Calculus – Definite & indefinite integrals, fundamental theorems, applications in economics
Differential & Difference Equations – First-order difference & differential equations with economic applications
Linear Algebra – Matrices, linear equations, independence & dependence, rank, determinants, eigenvalues & eigenvectors, symmetric matrices, quadratic forms & definiteness
Optimization – Local & global optima, multivariate optimization, constrained optimization (Lagrange multipliers), second-order conditions, envelope theorem, linear programming (graphical & matrix methods), duality & economic interpretation
Other MA/MSc Economics Colleges
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Frequently Asked Questions (FAQs)
Who can Apply for IIT Delhi MSc in Economics 2026?
You are eligible to apply if you have a Bachelor’s degree (B.A./B.Sc./B.Com /B.Stat./B.Math./ B.Tech/B.E. or equivalent) with a CGPA of 5.5 for General/OBC/EWS (5.0 for SC/ST/PwD) on a 10 point scale or equivalent or 55% marks (50% for SC/ST/ PwD) in aggregate without rounding-off (of all the years/semesters of the qualifying degree, taking into account all subjects including languages and subsidiaries).
Please check JAM brochure for detail updated information.
Is there any age limit to appear for JAM 2026?
There is NO age limit to appear for JAM 2026.
Are there any restrictions on the number of times one can appear for JAM?
NO. One can appear for the JAM examination any number of times.
I am in the last semester/year of my undergraduate program and my final GPA is not available. Can I appear in the entrance exam?
Candidates in the final year of their qualifying programmes, who expect to complete all their qualifying degree requirements before the third week of July (or as advertised in the information brochure for the relevant admission year) are eligible to apply for admission. However, their admission would be provisional, subject to their meeting the minimum eligibility criteria after their final qualifying examination results are announced.
I am a foreign national. Am I eligible to apply for JAM 2026?
YES. JAM 2026 is open to foreign nationals.
Where can I get a sample question paper for the entrance test?
EduSure provides mock test/sample question paper/old question papers.
What funding, financial aid, or assistance is available?
IIT Delhi has attractive Merit-cum-Means scholarship of Rs. 1,000/- per month. Tuition fee waiver is permissible for M.Sc. students to the extent of 25% of the sanctioned strength as per Institute rules. Only students whose parents’ gross income is up to 4.5 lac per annum are eligible to apply or as per govt. orders as applicable.
For updated information, please check PG admission information brochure available on the IIT Delhi main website.
If selected, can I defer my admission by one year?
No, you cannot.
I have a bachelor’s degree in non-economics discipline. Am I eligible to apply?
Yes, you are eligible provided you meet other eligibility requirements.
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