Syllabus of M.A economics Entrance Exam

Will you provide me the syllabus of the of M.A economics Entrance Exam of jamia Millia Islamia university ?

[Raman Vij]

As you want I am here providing you the syllabus of the of M.A economics Entrance Exam of jamia Millia Islamia university.

Syllabus for M.A. Economics Entrance Test of jamia Millia Islamia :

1. Micro Economics
# Utility Functions- Quasi-linear and Cobb-Douglas
# Demand functions, Supply functions, and market equilibrium
# Law of Demand and law of supply
# Theory of consumer behavior- Marshallian approach, Indifference curve approach
# Price effect, income effect and substitution effect-normal, inferior and Giffen goods
# Elasticity of demand and supply
# Consumer’s and Producer’s surplus
# Production functions – Quasi-linear and Cobb-Douglas, and Elasticity of Substitution
# Laws of Variable proportions and Returns to scale, Marginal Rate of Technical
Substitution
# Cost functions, Short run and long run cost curves, Economies of scale
# Theory of Costs- Traditional and Modern theory
# Market Structure - Perfect competition, monopoly, Discriminating monopoly,
Bilateral Monopoly, Monopolistic Competition, Oligopoly
# Factor Pricing - Marginal productivity theory, Ricardian & Modern Theories of rent,
Wage determination under perfect and imperfect competition, Theories of interest-
Classical, Neoclassical and Keynesian theories of interest, Theories of profit-
Dynamic theory, Risk and uncertainty theory and Schumpeterian theory of profit.
2. Macro Economics
# National Income Analysis: Measurement of National Income-output, Difficulties of
Measurement
# Classical Theory of Output & Employment
# Keynesian Theory of Income and Employment
# Theories of Consumption: Absolute income hypothesis, Relative income hypothesis,
Permanent income hypothesis, Life cycle hypothesis, Marginal efficiency of capital,
Marginal efficiency of capital
# Investment, Multiplier and Accelerator.
# IS-LM Model
# Inflation, unemployment, and stagnation
# Demand pull and cost push inflation
# Philips curve and unemployment
# Business Cycle
3. Statistics and Econometrics
# Frequency Distribution
# Measures of central Tendency- Mean, Median, Mode, Geometric Mean and
Harmonic Mean, Simple and weighted averages, group averages, moving averages.
# Measures of dispersion – Range, Mean Deviation, Standard Deviation, Variance and
Coefficient of variation
# Probability and Probability distributions
# Permutations and Combinations
# Probability functions
# Chi-Square, Binomial, Poisson and Normal distributions
# Z, chi-square, t and F statistics
# Confidence interval, level of significance and Testing of Hypothesis
# Analysis of variance
# Index Numbers: Laspeyres, Paasche's and Fisher's index numbers, problems in
constructing index numbers, splicing, base shifting, Adequacy Test
# Correlation Analysis- Simple, multiple, and Partial Correlation, Rank correlation
# Regression Analysis-PRF, SRF and
# Simple linear regression model and Estimation
# CLRM Assumptions and Violations
# Problems in OLS estimation
# Time Series Analysis: Components of time series, Methods of semi-averages, moving
averages and least squares
4. Mathematical Economics
# Set Theory, Relations and Functions
# Limits, Continuity, Differential Calculus, and Integral Calculus
# Convexity and Concavity of functions
# Point of Inflection and saddle Point
# Optimization of Economic Functions- Single and multivariable functions, Constraint
Optimisation
# Differential equations and Difference equations (Linear and First order)
# Market dynamics and Stability – Cobweb model
# Linear Algebra: Vectors, Determinants and Matrix
# Inverse of a Matrix, Rank of a Matrix, Orthogonalilty and Transformations
# Solutions of Systems of equations
# Leontief Input-Output models (Open and Closed)
5. Development Studies and Indian Economy
# Growth and Economic Development, Sustainable Development
# Environmental and Resource Economics Environmental Degradation and Regulation
# Growth Models-Classical, Neo-Classical, Harrod-Domar Model
# Economics of Education, Education Planning and Finance, Education in India
# Features of Indian economy, Poverty, unemployment and Inequality
# Population and Demographic trends of India, Population policy
# Occupational Structure in organised and unorganised sectors
# Planning and Development- Indian Planning and Critical Issues for development
# Agriculture and Industry Policy in India- Pre and Post 1991 Scenario
# Public Goods, Private Goods and Market Failures
# Public Debt, Public Expenditure and Taxation
# Commercial Banking and Central Banking- Role and Functions
# Monetary policy and fiscal policy in India
# Theories of International Trade- Adam Smith, Ricardian and Heckscher-Ohlin Theory
# Terms of Trade, Gains from Free Trade, Protectionism versus Free Trade
# Theories of Balance of payments and Exchange Rate Determination
# Indian Foreign Exchange Market
# International Monetary System, World Bank, GATT/WTO, UNCTAD
# Financial sector reforms in India
# Globalisation and its impact on Indian economy