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Tag: #iitjam #macoentrance #maecoentrancepreparation#economics #

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Joint Admission Test for Masters 2024 (IIT JAM 2024): A Comprehensive Guide for Masters in Economics Entrance Exams

Welcome to the EduSure blog! Today, we will be discussing the Joint Admission Test for Masters 2024 (IIT JAM 2024), a prestigious examination that opens the doors to top Masters in Economics institutes in the country. In this blog, we will provide you with all the essential information about IIT JAM 2024, including eligibility criteria, exam structure, application dates, and more. So, if you are aspiring to pursue a Master’s degree in Economics, keep reading!

IIT JAM 2024: An Overview
IIT JAM 2024 is a Computer Based Test (CBT) conducted by the Indian Institute of Technology Madras, serving as the Organizing Institute for JAM 2024. It presents an excellent opportunity for both Indian and foreign nationals to pursue their passion for economics. Let’s delve into the details of this highly sought-after examination.

Exam Structure:
The JAM 2024 examination consists of SEVEN Test Papers, covering various subjects at the undergraduate level. These papers include Biotechnology (BT), Chemistry (CY), Economics (EN), Geology (GG), Mathematics (MA), Mathematical Statistics (MS), and Physics (PH). Each test paper consists of three types of objective questions: Multiple Choice Questions (MCQs), Multiple Select Questions (MSQs), and Numerical Answer Type (NAT) Questions.

Eligibility and Admission Process:
To be eligible for JAM 2024, candidates must have completed or be appearing in the final examination of their qualifying degree in 2024. There is no age restriction, and the examination is open to all nationals, including Indian and foreign students. However, foreign nationals must adhere to the specific rules and regulations of the Admitting Institute regarding admission. Qualifying candidates can apply for admission to around 3000 seats in IITs for the academic year 2024-25. Notably, admission to the programs in Admitting Institutes under JAM 2024 does not require any additional evaluation process, such as a suitability test or interview.

Application and Important Dates:
The application process for JAM 2024 will commence on 5th September 2023. Candidates can register online until the 13th of October 2023. The examination will take place on 11th February 2024, and the results will be declared on March 22, 2024. It’s important to stay updated with the official website for any changes or notifications.

Benefits and Scope:
Qualifying in JAM 2024 opens up a plethora of opportunities for aspiring economics students. The scores obtained in the examination can be used for admission to various postgraduate programs, including M.Sc., M.Sc. (Tech), M.S. Research, M.Sc.-M.Tech. Dual Degree, Joint M.Sc.-Ph.D., M.Sc.-Ph.D. Dual Degree in esteemed institutes. Additionally, JAM 2024 scores will be considered for admission to over 2000 seats in IISc and counseling through CCMN.


The Joint Admission Test for Masters 2024 (IIT JAM 2024) is an exciting pathway for students aspiring to pursue a Master’s degree in Economics. Through this examination, students can secure admission to top-notch institutes and embark on a fruitful academic journey. Make sure to mark your calendars for the opening of the applications and take advantage of this remarkable opportunity. Stay tuned for more updates and helpful resources from EduSure to enhance your preparation for IIT JAM 2024.

For personalized coaching and expert guidance in cracking IIT JAM 2024, EduSure is here to assist you every step of the way. Visit our website for more information and to kickstart your journey towards securing a seat in your dream Economics Master’s program.

Remember, applications are opening soon, so get ready to realize your dreams with IIT JAM 2024!

IIT JAM 2024 site : https://jam.iitm.ac.in/index.php

IIT JAM 2024 application link: https://joaps.iitm.ac.in

IIT JAM 2024 brochure link: https://drive.google.com/file/d/1q9gV8tW3M8OoNJJjY7bUkZUlUVjkZbRG/view?usp=drivesdk

EduSure has the best and the most structured programme to crack the Masters 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.

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All about Masters in Economics

What is Master’s in Economics?

A postgraduate programme in Economics was created especially for students to give them knowledge in the fields of banking, finance, commerce, and economic management. The Master of Arts/Science curriculum seeks to give students a solid foundation in economics while also advancing their knowledge of the subject.

Why Masters in Economics?

Globally, there is a significant demand for economists. Professionals in the field of economics can find employment in both public and private institutions. The job possibilities for economists in business, education, and NGOs around the world have improved as a result of ongoing globalization. There are numerous alternatives in terms of work opportunities, including:

  • Banker
  • Consultant
  • Data Analyst 
  • Data Scientist 
  • Economist
  • Equity Analyst 
  • Financial Planner 
  • Lecturer in economics
  • RBI Officer
  • IAS
  • IES

Salaries offered after Master’s in Economics

A Master’s in Economics student is offered high salary packages in comparison to other jobs because of the specialized skill and knowledge they possess and the relative demand for these courses.

A student from a top university of Economics can expect a Job of Rs 15-20 lacs immediately after completing their Master’s. 

Where to pursue a Master’s in Economics from?

Below is the list of some of the top colleges and universities from across the country where you can pursue an M.A in Economics (in alphabetical order) : 

  • Ashoka University, Delhi
  • Christ University, Bangalore
  • Delhi School of Economics, Delhi
  • Gokhale Institute of Politics and Economics, Pune
  • Indian Institute of Foreign Trade, Delhi, Kolkata 
  • Indian Institutes of Technology, Delhi, Kanpur, Roorkee, Chennai 
  • Indian Statistical Institute, Delhi & Kolkata 
  • Indira Gandhi Institute of Development Research, Mumbai
  • Jamia Millia Islamia (JMI), University, Delhi
  • Jawahar Lal Nehru University, Delhi
  • Madras School Of Economics, Chennai
  • South Asian University, Delhi
  • Shiv Nadar University, Delhi
  • TERI SAS, Delhi

How to pursue Master’s in Economics? 

In order to ensure that students have a practical perspective on the subject in addition to the academic reading required for the course, many private and public universities offering Master’s in Economics in India use the admission exam (an entrance exam) approach. Several of the most well-known Master of Arts in Economics entrance exams in India are listed below: 

  • CUET
  • ISI
  • IIT JAM
  • IIT GATE
  • BHU PET
  • IGIDR
  • SNU
  • Ashoka
  • others

The Master of Economics programme is often a two-year postgraduate programme that is divided optimally into four semesters and typically includes the submission of a thesis. Macroeconomics, microeconomics, public economics, econometrics, international, development economics, and financial economics are among the major subjects/topics covered in the course. The classes also teach you how to upgrade your soft skills and learn various industry-required applications.

Fees for different Economics Courses

Masters’s in Economics is a very reasonable course to pursue and has some of the lowest fees in the country.

Fees of ISI is Rs 0, in fact, it pays a student a monthly stipend for study there. You just have to clear their entrance. Fees of DSE is Rs 14,000 a year. Fees of JNU is Rs 5000 a year. The fee for IGIDR is Rs 80,000. The private colleges of Ashoka and SNU have higher fees but offer very generous scholarships.

Who can pursue an MA in Economics?

Any graduate from any stream can pursue a Master’s in Economics degree. The only prerequisite a few Colleges have is of having Maths in Class 11-12 as Maths forms a very integral part of the Master’s in Economics programme.

How to prepare for M.A. Economics entrance examinations?

The Entrance exam focuses on Key concepts and application questions from the subjects of Mathematics, Statistics, Microeconomics, macroeconomics and the Indian Economy. The syllabus is vast and rigorous preparation is required to secure a seat in the top institute.

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 counselor, 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.

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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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