Aiming Pareto Optimality
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1. 3 Level Course Structure
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4. More than 400+ Hours
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8. Mock Tests
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Our MA Economics 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; shortrun costs and output decisions; costs and output in the longrun
Imperfect Market Structure Imperfect Market Structure Monopoly and antitrust 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
BooksMicroeconomicsMA Economics entrance preparation

Mankiw

Bernheim and Whinston
MACROECONOMICS
ISLM and ASAD 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
HarrodDomar 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
MarshallLerner condition
International Economics
Accounting in Open Economy  Balance of Payments (BOP)  Forex Markets  Exchange Rates  Comparative Advantage
International Trade
Ricardian model  HeckscherOhlin 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  Pvalue  Power of a test  Chisquared test  Ttest  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 ConcavityQuasi convexity
Linear Algebra
Linear Equations  Linear Programming  Linear Transformations  Linear Independence
Gaussian Elimination  Matrix Algebra  Factorization  Vector Spaces and Subspaces  Determinants  Null SpaceColumn 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  GaussMarkov Theorem
Regression Extension
Regression through Origin  Scaling  Multi Variable Regression  Standardization  ANOVA  LogLinear 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/booksformaeconomicsentrance
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11.5 Hours
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