"The beautiful thing about learning is that no one can take it away from you."

                                                                                                      -- B.B. King

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     Live Online Batch MA Economics Entrance Course

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                  DOWNLOAD OUR ANDROID APP & GET ACCESS TO DAILY FREE CONTENT

 

 

Features

 

1. 3 Level Course Structure

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2. Basic, Intermediate & Advance Level

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3. Live lectures

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4. More than 400+ Hours

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5. Subject Specific Assignment

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6. Topic Wise Assignment

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7. Weekly Test

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7. Entrance specific Mock Papers

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8. Question Bank

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9. Past year papers

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10. Workbooks

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11. Quizzes

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12. Fee - Rs 30, 000 / -

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WhatsApp us the screenshot of fee payment, along with passport size photo - 8368663950 or

Mail us at arthapointeducation@gmail.com

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DEMO VIDEO

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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

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SYLLABUS

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MICROECONOMICS

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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 

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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

 

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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

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Uncertainty

Expected Utility | Intertemporal Choices | Consumption Smoothing | Risk Aversion

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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

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Partial Equilibrium

Market Demand |Short run Supply | Equilibrium | Efficiency and Welfare | Monopoly | Price Discrimination | Stackelberg Model | Cournot Model | Bertrand Model | Tacit Collusion | Hotelling Model

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General Equilibrium

Equilibrium | Simple Exchange | Edgeworth box |Walras’ Law |All possible combinations of Perfect Substitutes | Perfect Compliments and Lexicographic preferences.

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Welfare economics

Fundamental Theorems | Equity vs Efficiency | Social Choice Theory | Arrow’s Impossibility Theorem

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Books-Microeconomics-MA Economics entrance preparation

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• Nicholson and Synader 

• Varian Workbook

• Rubinfield and Pindyk

• Mascolell, Whinston and Green

• Mankiw

• Bernheim and Whinston

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MACROECONOMICS    

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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

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International Economics

Accounting in Open Economy | Balance of Payments (BOP) | Forex Markets | Exchange Rates | Comparative Advantage 

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International Trade

Ricardian model | Heckscher-Ohlin Mode | Comparative advantage

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Books for Macroeconomics MA Economics Entrance preparation

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• N. Gregory Mankiw

• Dornbusch

• Salvatore

• Blanchard 

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STATISTICS

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Probability

Permutations and Combinations | Independent Events | Bayes’ Theorem |Conditional Probability

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Random Variable

Discrete and Continuous Distribution | Cumulative Distribution Functions | Bivariate | Multivariable Distribution | Marginal Distribution | Conditional Distribution

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Expectation

Expectation of a RV | Variance | Moments | Mean and Median | Covariance and Correlation | Conditional Expectation

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Special Distributions

Bernoulli and Binomial | Hypergeometric | Normal Distribution | Poisson Distribution

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Estimation

Law of Large numbers | Markov and Chebyshev Inequalities | Central Limit Theorem

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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

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MATHematicS

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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

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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

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Books for MATHEMATICS MA Economics Entrance preparation

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• Sydsæter & Hammond  

• A.C. Chiang

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ECONOMETRICS

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Regression Analysis

PRF and SRF | OLS estimation | Properties of OLS | Classical Model Assumptions | Goodness of Fit and R2 | Normality Assumptions | Gauss-Markov Theorem

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Regression Extension

Regression through Origin | Scaling | Multi Variable Regression | Standardization | ANOVA | Log-Linear models | Adjusted R2

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Dummy Variables

ANOVA Model | ANCOVA Model | Piecewise Linear Regression | Seasonal Analysis

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Relaxing the Assumptions

Multicollinearity | Heteroscedasticity | Autocorrelation

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Books for MATHEMATICS MA Economics Entrance preparation

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• Damodar Gujarati

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For blog & video on reference books for MA Economics Entrance - https://www.arthapoint.com/post/books-for-ma-economics-entrance

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FAQ

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1. What is the duration for each class ?

1-1.5 Hours

 

2. How many days a week ?

4 - 5 Days a week

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3. What will be the timing ? 

7 PM (Tentative)

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2. What is the duration of the course ?

1 Year

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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.

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4. Can I join the course anytime ?

Yes, you can join the course anytime.

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5. In which modes is the batch available ?

Live

Recorded

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6. How do I register ?

There are 3 steps to enrollment process :-

1. Fill the Enrollment/ Google Form provided above

2. Make the fee payment and share the screenshot over WhatsApp - 8368663950

3. Share one passport size photograph over WhatsApp - 8368663950

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7. Can I join recorded batch and then shift to live batch ?

Yes, you can after paying the balance fee

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8. Can I join live batch and shift to recorded batch ?

No, that option isn't available

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Contact Us -  8368663950

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