Study Notes Material Ma Economics Entrance Examination Ashoka University  (Spiral, SOURAV SIR)

WRITTEN ACCORDING TO LATEST PATTERN OF THE EXAMINATIONS ALL OVER INDIA. ALL SECTIONS ARE THOROUGHLY EXPLAINED WITH AMPLE SHORT. MCQ QUESTIONS WITH THEIR ANSWERS AND EXPLANATIONS AS WELL. 5000+ MCQ ARE SOLVED WITH EXPLANATIONS 20 MODEL PAPERS ALL SOLVED ARE ADDED. SELECTIVE PREVIOUS YEAR PAPERS ARE SOLVED SUGGESTION PAPERS ALSO ADDED TOPICS COVERED ARE AS FOLLOWS. Microeconomics BOOK I Consumer theory: Preference, utility and representation theorem, budget constraint, choice, demand (ordinary and compensated), Slutsky equations, choice under risk and uncertainty, revealed preference axioms Macroeconomics BOOK II National Income Accounting: Structure, key concepts, measurements, and circular flow of income - for a closed and open economy, money, fiscal and foreign sector variables - concepts and measurements Behavioral and Technological Functions - Consumption functions - absolute income hypothesis, life-cycle and permanent income hypothesis. Statistics for Economics BOOK III Probability theory, Sample spaces and events, Axioms of probability and their properties, conditional probability and Bayes’ rule, independent events Random variables and probability distributions, probability distributions, expected values and functions of random variables. Indian Economy BOOK IV Indian economy before 1950: Transfer of tribute, deindustrialization of India Planning and Indian development: Planning models, relation between agricultural and industrial growth, challenges faced by Indian planning Integration, differential equations, and difference equations:- Definite integrals, indefinite integrals and economic applications, first-order difference equations, equilibrium and its stability, first-order differential equations, phase diagrams and stability