Azim Premji University MA Economics Entrance

What are the details for Azim Premji University MA Economics Entrance ?

Azim Premji University was founded in 2010 with just two programmes in education and development, along with courses for working professionals which actually further enhanced the level and skill sets capacity of those who already working. APU was started with the vision to contribute to the realization of a just, equitable, humane and sustainable society. The idea was generated after years of grassroot analysis and critical insights into the challenges and opportunities prevailing in the market. It showed that the most important need of the hour was for well-qualified professionals in the social sector. Today, the university offers 13 Degrees, 1000 Short courses and there more than 2300 alumni in the field. Azim Premji University is conducting 150 plus short courses for professionals every year in different domains or fields. Azim Premji University now offers undergraduate, postgraduate degrees in different domains like Economics, Law, Mathematics, Biology, Physics etc. and also offers a dual degree in Science and Teacher education. Azim Premji University is rated 4/5 on Shiksha, whereas 8.7/10 on Collegedunia

Azim Premji University MA Economics

The Economics Department is regarded one of the best among private colleges or universities especially in Karnataka. The M.A. in Economics which comes with specialisation in Development and Policy is designed to in order to develop top class economists who have both theoretical knowledge and technical skills which are needed for high-quality analysis. The MA Economics programme aims to make sense of complex social realities by using strong technical and economic skills. The course curriculum aims to develop an aptitude which would help in understanding different segments of Indian economy, economic theory, and tools of analysis. The course enables students to experience an innovative pedagogy with problem-based learning and collaborative learning by using real economics data sets. You can also refer to our previous blog on different colleges and university which offers Masters in Economics like :

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Azim Premji University MA Economics Entrance

Type - MCQ and an essay question

Duration - 3 Hours

Marking - Each multiple choice question carries one mark. Please note that there is negative marking. You get +1 for a correct answer, and ‑0.5 for a wrong answer. Unattempt questions get zero marks.

Azim Premji University MA Economics Entrance Exam Pattern

Part 1

MCQ question - 2 Hours

Microeconomics

Macroeconomics

Quantitative economics

Indian Economy & Political Economy

Part 2

Essay question - 1 Hours

Azim Premji University MA Economics Fee

Tuition Fee

INR 50,000 Per Semester

Total INR 200,000 (Over 4 Semester)

Accommodation Fee

INR 42,000 Per Semester

Total INR 1,68,000 (Over 4 Semester)

Azim Premji University MA Economics Entrance Syllabus

The entrance will test definitional and conceptual foundational economics knowledge from Microeconomics;

Macroeconomics;

Quantitative methods;

Political economy;

Indian economy.

Microeconomics

Game theory: Coordination problems, Nashequilibrium,Paretoefficiency,standard game theoretic models. Social norms, trust and strategic interactions: Ultimatum games, public goods games. Market, government and community-based solutions to coordination problems.

Theory of individual behaviour: Preferences, utility, utility functions, indifference curves, marginal rate of substitution, constrained optimisation, income and substitution effects, offer curves and demand curves.

Firms: Specialisation, economies of scale, cost minimisation and profit maximisation. Supply curves. Competition - Cournot, Bertrand models, perfect competition and monopolies.

Markets: Walrasian equilibrium and its assumptions.

Risk and uncertainty: Expected utility theory, risk-averse, risk neutral and riskloving preferences, certainty equivalent and risk premium of a lottery. Dealing with risk - insurance.

Information: Incomplete contracts, principal agent models, adverse selection and moral hazard, contingent contracts as a solution to information asymmetry, labour discipline model.

Social welfare and public economics: 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 accounting: national income identities, expenditure based, income based and value added approach, sectoral balances, components of aggregate demand. Fiscal and monetary policy: Keynesian aggregate expenditure approach, tax and expenditure based multipliers, balanced budget multiplier, Ricardian equivalence, interest rate policy, monetary transmission mechanisms, external and internal constraints to expansion, balance of payment constrained growth, inflation targeting, Taylor rule. AD-AS and IS-LM models. Philips curve, rational expectations, adaptive expectations: relationship between unemployment and inflation, historical experience, NAIRU, breakdown of naïve Philips curve.

Theories of inflation: demand pull and cost push inflation, output gaps. Solow growth model: Steady state growth, productivity growth, convergence. Neoclassical and new classical macroeconomics: rational expectations, Lucas critique, vertical LRAS

Quantitative methods

Graphs and tables: basic data interpretation from histograms, trends, scatter plots and tables. Descriptive statistics: Parameters and sample statistics, mean, median, variance, covariance and correlation

Probability: random variables, probability distributions, Common probability distributions such as Binomial, Poisson, Normal, Gamma, Exponential, Chi-square, t distribution, F distribution, conditional probability, independence, sampling, sampling distributions of sample mean and sample variance, point and interval estimation, confidence intervals for population parameters.

Hypothesis testing: distributions of test statistics, Type I and Type II errors, power of a test, tests for comparing parameters from two samples, t-tests, basics of ANOVA

Multivariate regressions: OLS, interpreting regression results, economic and statistical significance, dummy variables and interaction terms.

Indian economy and political economy

Planning and major economic reforms: Five year plans, Industrial policies, Green revolution.

Growth: Structure of the economy, Structural change, Pre and post economic reforms in early 1990s, Sustainability and environmental impacts

Employment: Employment elasticity, Jobless growth, Occupational segregation, Discrimination in labour markets

Poverty and Inequality: Measures and trends Social Protection Policies: Public distribution system, MGNREGA

Azim Premji University MA Economics Entrance Eligibility

The Eligibility Criteria is as follows :

An undergraduate degree in Economics.

Important Note

Exceptions to this will be made on a case-by-case basis with students who are able to demonstrate sufficient economics knowledge.

Azim Premji University MA Economics Entrance Sample Paper