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Features
1. 3 Level Course Structure
2. Basic, Intermediate & Advance Level
3. Live lectures
4. More than 400+ Hours
5. Subject Specific Assignment
6. Topic Wise Assignment
7. Weekly Test
7. Entrance specific Mock Papers
8. Question Bank
9. Past year papers
10. Workbooks
11. Quizzes
12. Fee - Rs 35, 000 / -
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DEMO VIDEO
MA Economics Entrance course covers the following institution's entrances
1. Delhi School of Economics (DSE) - Now under CUET
2. Indian Statistical Institute (ISI)
3. Indira Gandhi Institute of Development Research (IGIDR)
4. Madras School of Economics (MSE)
5. Jawaharlal Nehru University - Now under CUET
6. IIT JAM & GATE Economics
7.Gokhale Institute of Politics and Economics
8. South Asian university (SAU)
9. Jamia Millia Islamia University
10.Indian Institute of Foreign Trade(IIFT)
11. University of Hyderabad
SYLLABUS
MICROECONOMICS
Introduction What is microeconomics? Scope and method of economics; the economic problem: scarcity and choice; the concept of opportunity cost; the question of what to produce, how to produce and how to distribute output; science of economics; institutions for allocating resources; the basic competitive model; prices, property rights and profits; incentives and information; rationing; positive versus normative analysis. The scientific method; the role of assumptions; models and mathematics; why economists sometimes disagree Interdependence and gains from trade; specialization and trade; absolute advantage; comparative advantage and trade
Supply and Demand: How markets work, markets and welfare Markets and competition; determinants of individual demand/supply; demand/supply schedule and demand/supply curve; market versus individual demand/supply; shifts in the demand/supply curve, demand and supply together; how prices allocate resources; elasticity and its application; controls on prices; taxes and the costs of taxation; consumer surplus; producer surplus and the efficiency of the markets. Application to international trade; comparison of equilibria with and without trade, the winners and losers from trade; effects of tariffs and quotas; benefits of international trade; some arguments for restricting trade
The Households The consumption decision - budget constraint, consumption and income/price changes, demand for all other goods and price changes; description of preferences (representing preferences with indifference curves); properties of indifference curves; consumer‘s optimum choice; income and substitution effects; labour supply and savings decision; choice between leisure and consumption
The firm and perfect market structure Behaviour of profit maximizing firms and the production process; short-run costs and output decisions; costs and output in the long-run
Imperfect Market Structure Imperfect Market Structure Monopoly and anti-trust policy; government policies towards competition; imperfect competition
Input market Labour and land markets: Basic concepts (derived demand, productivity of an input, marginal productivity of labour, marginal revenue product); demand for labour; input demand curves; shifts in input demand curves; competitive labour markets; labour markets and public policy
Consumer Theory
Preferences | Utility Functions | Indifference Curves | Elasticity | Complements and substitutes Marginal Rate of Substitution | Utility Maximization | Revealed Preferences | Marshallian and Hicksian Demand functions | Expenditure Functions | Indirect Utility Functions
Producer Theory
Production Function | Isoquants Cost Function | Short and Long Run | Marginal Rate of Technical Substitution (MRTS) | Returns to Scale | Marginal Revenue | Elasticity of Substitution
Uncertainty
Expected Utility | Intertemporal Choices | Consumption Smoothing | Risk Aversion
Game Theory
Nash Equilibria | Subgame Perfect Nash Equilibria | Strategies and Payoffs | Mixed Strategies | Prisoners’ Dilemma | Adverse Selection | Continuum of Actions | Sequential Games | Repeated Games | Auctions
Partial Equilibrium
Market Demand |Short run Supply | Equilibrium | Efficiency and Welfare | Monopoly | Price Discrimination | Stackelberg Model | Cournot Model | Bertrand Model | Tacit Collusion | Hotelling Model
General Equilibrium
Equilibrium | Simple Exchange | Edgeworth box |Walras’ Law |All possible combinations of Perfect Substitutes | Perfect Compliments and Lexicographic preferences.
Welfare economics
Fundamental Theorems | Equity vs Efficiency | Social Choice Theory | Arrow’s Impossibility Theorem
Books-Microeconomics-MA Economics entrance preparation
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Mankiw
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Bernheim and Whinston
MACROECONOMICS
IS-LM and AS-AD models
Classical Model | Keynesian Model | Goods Market | Equilibrium in Goods Market | Financial Market | Liquidity Trap | Open Market Operations | Quantity Theory of Money | Effect of Fiscal and Monetary Policies | GDP | IS - LM Curve | Labour Market | AS -AD Curve | Keynesian and Classical model | Short - Medium run | Fiscal and Monetary policies | Expectations Augmented Phillips’ curve | Inflation & Unemployment | Wage Indexation
Dynamic Macroecoomics and Growth
Harrod-Domar model | Solow model | Golden Rule | Population Growth | Balanced Growth | Capital Accumulation | Technological Progress | INADA Conditions
Money, banking and inflation
Adaptive and Rational expectations
Phillips curve
Lucas Supply
Mundell- Fleming Model
Dornbusch exchange rate overshooting model
Marshall-Lerner condition
International Economics
Accounting in Open Economy | Balance of Payments (BOP) | Forex Markets | Exchange Rates | Comparative Advantage
International Trade
Ricardian model | Heckscher-Ohlin Mode | Comparative advantage
Books for Macroeconomics MA Economics Entrance preparation
STATISTICS
Probability
Permutations and Combinations | Independent Events | Bayes’ Theorem |Conditional Probability
Random Variable
Discrete and Continuous Distribution | Cumulative Distribution Functions | Bivariate | Multivariable Distribution | Marginal Distribution | Conditional Distribution
Expectation
Expectation of a RV | Variance | Moments | Mean and Median | Covariance and Correlation | Conditional Expectation
Special Distributions
Bernoulli and Binomial | Hypergeometric | Normal Distribution | Poisson Distribution
Estimation
Law of Large numbers | Markov and Chebyshev Inequalities | Central Limit Theorem
Hypothesis Testing
Null and Alternative Hypothesis | Type I and Type II error | P-value | Power of a test | Chi-squared test | T-test | Prediction | Interval Estimation | Confidence Interval
Books for STATISTICS MA Economics Entrance preparation
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Devore
MATHematicS
Real Analysis
Set Theory | Numbers | Sequences |Series |Topology of Real Numbers | Limits | Continuity | Differentiation | Integration | Multi Variable Optimization | Limits and Continuity of two variable functions | Two variable calculus | Quasi Concavity-Quasi convexity
Linear Algebra
Linear Equations | Linear Programming | Linear Transformations | Linear Independence
Gaussian Elimination | Matrix Algebra | Factorization | Vector Spaces and Subspaces | Determinants | Null Space-Column Space and Complete Solutions
Books for MATHEMATICS MA Economics Entrance preparation
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Sydsæter & Hammond
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A.C. Chiang
ECONOMETRICS
Regression Analysis
PRF and SRF | OLS estimation | Properties of OLS | Classical Model Assumptions | Goodness of Fit and R2 | Normality Assumptions | Gauss-Markov Theorem
Regression Extension
Regression through Origin | Scaling | Multi Variable Regression | Standardization | ANOVA | Log-Linear models | Adjusted R2
Dummy Variables
ANOVA Model | ANCOVA Model | Piecewise Linear Regression | Seasonal Analysis
Relaxing the Assumptions
Multicollinearity | Heteroscedasticity | Autocorrelation
Books for MATHEMATICS MA Economics Entrance preparation
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Damodar Gujarati
For blog & video on reference books for MA Economics Entrance - https://www.arthapoint.com/post/books-for-ma-economics-entrance
FAQ
1. What is the duration for each class ?
1-1.5 Hours
2. How many days a week ?
4 - 5 Days a week
3. What will be the timing ?
7 PM (Tentative)
2. What is the duration of the course ?
1 Year
3. What if, I miss a class due to any reason ?
In case a student misses a class, the recording of the lecture will be added to the portal.
4. Can I join the course anytime ?
Yes, you can join the course anytime.
5. In which modes is the batch available ?
Live
Recorded
6. How do I register ?
There are 3 steps to enrollment process :-
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Fill the Enrollment/ Google Form provided above
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Make the fee payment and share the screenshot over WhatsApp - 8368663950
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Share one passport size photograph over WhatsApp - 8368663950
7. Can I join recorded batch and then shift to live batch ?
Yes, you can after paying the balance fee
8. Can I join live batch and shift to recorded batch ?
No, that option isn't available
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