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22nd September 2014, 03:20 PM
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Join Date: Apr 2013
Re: Delhi School of Economics MA Economics Entrance Exam Syllabus

You are looking for Delhi School of Economics MA Economics Entrance Exam Syllabus, I am giving here;

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
• 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
• 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
• 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

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