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Tuesday 4 June 2013

MA Economics Entrance


Delhi School of Economics                                                                                                                 
Firstly, the paper has two options. Candidates need to specify at the time of filling the form which option they would be attempting in the paper. You need to attempt either of the two and NOT both.


·        Part A (Economics): This option is recommended for people from Economics, Statistics, Engineering and other fields.  The subjects that students are expected to be well versed with are: Microeconomics, Macroeconomics, Statistics (and some Econometrics which came by surprise in the last 2009-10 paper) and Mathematics. Although there is no subject-wise allocation of marks, but past trends show that all the four subjects get equal weight age in the paper.

·        Part B (Maths): Starting with Part B first. Frankly, never having seen its paper, we only have limited knowledge of the same. This is for people who have done Bachelors in Mathematics. It contains theoretical (fairly advanced) question relating to Functions, Matrices, Metric Spaces, and Real Analysis etc. (This is not a comprehensive list of what all is covered). This section itself contains two sections. One section is for Objective type questions and the other is a descriptive type (there is usually choice given for the descriptive type questions). There is negative marking for the objective type questions section.

NOTE: Mathematics part is tough. So, opt for it if you are confident enough about theoretical mathematics.

‘Part A’ contains two sections both containing Objective type questions from all subjects:
1.     Twenty questions of 1mark each (20marks)
2.     Forty questions of 2marks each (80marks)

There is negative marking of 1/3marks for the 1mark questions and 2/3marks for 2marks questions.

Mathematics:
The primary references are:
·        Fundamental Methods of Mathematical Economics by A. Chiang and
·        Further Mathematics for Economic Analysis by Sydsater and Hammond.

Statistics and Econometrics:
Go through DU BA Economics syllabus for Statistics and follow up all the readings. You can refer to Mathematical Statistics by SC Gupta and VK Kapoor for the probability section. For Econometrics, you may refer to Essentials of Econometrics by Gujarati, first 11 chapters. Last year, there were 3-4 questions from Econometrics. So, if you do not wish to take chances, you may decide to do it as well.

Macroeconomics:
Get hold of Macroeconomics by William Branson.
NOTE: Get hold of differentiation concepts. These are a must.
Books to be referred:
1.     Macroeconomics by Dornbusch and Fisher
2.     Macroeconomic Theory and Policy by William Branson
3.     Macroeconomics, Schaum Series (little elementary)
4.     Macroeconomics by Oliver Blanchard
5.     Macroeconomics by Mankiw
You may go through these books and decide for yourself which one is good for which topic. Schaum series Macroeconomics are a little elementary and if you are content with the other books then you may skip this one.

Microeconomics
Start with Intermediate Microeconomics (7th edition) by Hal Varian and complement it by doing exercises from Varian Workbook. Both are necessary to get the concepts clear. Microeconomics section in DSE would not ask you to do simple maximization, in fact the question might appear to be very simple to you but it will have a certain relatively tougher concept being tested. Thus, most of the times, it will be asking you about complement, substitutes, quasilinear etc. preferences.
You may also go through the following website and browse different topics in Microeconomics, their lecture notes and assignments.

Cut off: We think that the cutoff would usually be around 50.

Wait for other college information.
Thanks!






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