Combined Syllabus of Masters in Economics Entrance Exam in ISI,DSE,JNU,MSE,CDS

This is for those preparing for Entrances of M.Sc in Economics in ISI,DSE,JNU,IGIDR,etc

ISI MSQE SYLLABUS

Mathematics Section

Matrix Algebra: Matrices and Vectors, Matrix Operations.

Combinatoric: Permutation and Combination.

Calculus: Functions, Limits, Continuity, Differentiation of functions of one or more variables,

Unconstrained optimization, Definite and Indefinite Integrals: integration by parts and integration by
substitution, Constrained optimization of functions of not more than two variables.

Linear Programming: Formulations, statements of Primal and Dual problems, Graphical solutions.

Theory of Polynomial Equations (up to third degree).

Elementary Statistics: Measures of central tendency; dispersion, correlation, Elementary probability

theory, Probability mass function, Probability density function and Distribution function.

Economics Section

Microeconomics: Theory of consumer behaviour, Theory of Production, Market Structures under Perfect
Competition, Monopoly, Price Discrimination, Duopoly with Cournot and Bertrand Competition
(elementary problems) and Welfare economics.

Macroeconomics: National Income Accounting, Simple Keynesian Model of

Income Determination and the Multiplier, IS-LM Model, Model of Aggregate Demand and Aggregate
Supply, Harrod-Domar and Solow Models of Growth, Money, Banking and Inflation.

DSE Reference Books

(1) Fundamental Methods Of Mathematical Economics – Chiang , McGraw Hill.

(2) Macroeconomics – Dornbusch , Fischer - McGraw Hill.

(3) Macroeconomics – Mankiw – Macmillan.

(4) Microeconomics – Pindyck – 5th Edition – Prentice Hall.

(5) Mathematics for Economic Analysis – Sydsaeter , Hammond – Perason Education.

(6) Intermediate Microeconomics – H.Varian – 2nd Edition – Norton & Co.

JNU (CDS) M.A. in Economics Entrance Exam Syllabus

Microeconomics: Demand Curves, Price and Income Elastricity of Demand . Cost Curves , Equilibrium of
Firm under Perfect Competition and Monopoly.

Macroeconomics: National Income, Theory Of Income Determination, Monetary Policy, Trade and
Balance of Payments.

Descriptive Statistics: Mean, Median, Mode, Standard Deviation, Correlation Coefficient, Elementary
Probability Theory.

Mathematical Economics: Elementary Algebra, Coordinate Geometry, Elementary Calculus.

India’s Economic Development prior to Independence: India’s Planning & Development Experience
since Independence, Basic Indicators of Development.

International Economics Issues of Contemporary Relevance.

Madras School of Economics

The Entrance Examination will have 100 questions to be completed in 120 minutes. There are two parts
– Part A and Part B. PART A (35 questions) This part contains multiple choice questions on language,
analytical skills and general aptitude. PART B (65 questions) Part B contains four sections covering simple
mathematics, statistics, advanced mathematics and economics. While the first three sections contain 15
questions each, the last section on economics will contain 20 questions. All questions carry equal marks
and there are no negative markings.

Mathematics – Plus 2 level Mathematics covering functions, linear Algebra, Limits, differential and
integral calculus.

Statistics – Basic statistics of Plus 2 level covering measures of central tendency, probability distribution
,normal etc.

Advanced Mathematics – Graduate level mathematics covering linear algebra, limits and derivatives,
optimization, integration etc.

Economics – Graduate level economics covering topics in micro- and macro-economics and Indian
economic development.