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Mocks · IIT JAM · Syllabus

IIT JAM Economics syllabus

Every topic in the syllabus, with its share of 360 past-paper questions.

Weightage by subject
Microeconomics
24%
Macroeconomics
17%
Mathematics
17%
Statistics
15%
Indian Economy
10%
Economics of Growth and Development
5%
International Economics
3%
Game Theory
2%
Econometrics
2%
Public Economics
1%

Microeconomics

Consumer preferences and utility
1%
Budget constraint and consumer equilibrium
1%
Demand theory and elasticity
3%
Production and returns to scale
2%
Costs of production
3%
Perfect competition
3%
Monopoly and price discrimination
4%
Monopolistic competition and oligopoly
1%
Factor markets and income distribution
1%
General equilibrium and exchange economies
1%
Market failure, externalities and public goods
2%
Choice under uncertainty
1%
Asymmetric informationSECONDARY
1%
Welfare economics and social choice
1%

Macroeconomics

National income accounting
4%
Classical macroeconomics
1%
IS-LM model
3%
AD-AS model
<1%
Money supply and the banking multiplier
1%
Demand for money and monetary theories
1%
Inflation, unemployment and the Phillips curve
3%
Consumption and investment
1%
Business cycles and rational expectations
Not asked yet
Fiscal and monetary policy effectiveness
<1%
Keynesian cross and the multiplier
2%

Statistics

Descriptive statistics and dispersion
3%
Probability and Bayes' theorem
4%
Random variables and standard distributions
3%
Joint distributions, covariance and correlation
2%
Sampling distributions and limit theorems
1%
Point and interval estimation
1%
Hypothesis testing
2%
Index numbers and time-series basicsSECONDARY
<1%

Mathematics

Sets, relations and functions
1%
Matrices, determinants and linear systems
2%
Vector spaces, rank and eigenvalues
2%
Limits, continuity and differentiability
2%
Single-variable optimisation
<1%
Multivariable calculus
1%
Constrained optimisation and linear programming
3%
Concavity, convexity and quasi-concavity
1%
Integration and its applications
2%
Sequences, series and convergence
1%
Difference and differential equations
2%
Combinatorics and countingSECONDARY
<1%
Real analysisSECONDARY
Not asked yet
Logic and proof techniques
Not asked yet

Indian Economy

The Indian economy before and after independenceSECONDARY
1%
Planning, reforms and liberalisationSECONDARY
4%
Agriculture and the rural economySECONDARY
<1%
Industry, services and infrastructureSECONDARY
1%
Indian public finance and the Union BudgetSECONDARY
<1%
Money, banking and financial markets in IndiaSECONDARY
3%
India's external sector and trade policySECONDARY
1%

Econometrics

Linear regression and OLS
2%
Classical assumptions and their violations
<1%
Binary-choice and time-series models
Not asked yet

Economics of Growth and Development

Harrod–Domar and Solow growth models
1%
Endogenous growth and technical progress
2%
Theories of development
<1%
Poverty, inequality and human development
1%

International Economics

Open-economy macroeconomics
1%
Theories of international trade
Not asked yet
Trade policy: tariffs, quotas and protection
Not asked yet
Balance of payments and exchange rates
1%
Economic integration and global institutionsSECONDARY
Not asked yet

Environmental Economics

Environment and sustainable developmentSECONDARY
Not asked yet

Game Theory

Game theory and strategic behaviour
2%

Public Economics

Role of the state and public goods
Not asked yet
Taxation: incidence and efficiency
1%
Public expenditure and public debtSECONDARY
<1%
SECONDARY topics appear on IIT JAM but are examined less heavily than the rest of the subject.

Eligibility

A bachelor's degree. Each admitting IIT lists its own subject requirements in that year's JAM brochure.

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