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

                                                                                                      -- B.B. King

    Live Online Batch M.A. Economics Entrance 

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Features

 

1. 3 Level Course Structure

2. Basic, Intermediate & Advance Level

3. Live lectures

4. More than 300+ Hours

5. Subject Specific Assignments

 

6. Weekly Assignments

7. Entrance specific Mock Papers

8. Mock Tests

9. Past year papers

10. Workbooks

11. Quizzes

12. Fee - Rs 30, 000 / -

WhatsApp us the screenshot of fee payment, along with passport size photo - 8368663950 or
Mail us at arthapointeducation@gmail.com
 
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Education institutions FOR Master's in Economics
 
1. Delhi School of Economics (DSE)
2. Indian Statistical Institute (ISI)
3. Indira Gandhi Institute of Development Research (IGIDR)
4. Madras School of Economics (MSE)
5. Jawaharlal Nehru University
6. IIT
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

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

  • 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

  • Sydsæter & Hammond  

  • 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

  • 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.

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6. How do I register ?

There are 3 steps to enrollment process :-

  1. Fill the Enrollment/ Google Form provided above

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

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

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Contact Us -  8368663950

Batch starts 2nd January, 2023

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