MA Economics Entrance

The Economic entrance exams in the top ranking universities are conducted during May and June months every year. The MA Economics from prestigious universities adds into the special skill-set among the students who aspire to become renowned Economists serving in top-notch universities of the world, or researcher in some international economic institutions, or economic advisors to Governments or MNCs. We at World of Economics offer two courses for preparing for economic entrance exams: The Economics Entrance Marathon Course of 9-10 months coaching starts in the month of October and students have three classes per week. The long-time preparation helps students to learn concepts of economics effectively and comfortably without much burden. The second course is the Economics Entrance Sprint Course that is offered in the month of January. It is a crash course of around 6 months and the class schedule is 6 days per week. Both courses have their own merits. Students can join any of the above courses as per their convenience and strategy. But for best results, we suggest students to opt for the Economics Entrance Marathon Course.

Prestigious Universities / Institutes offering M.A. Economics Entrance Exams

  • Delhi School of Economics (DU)
  • Jawarharlal Nehru University (JNU)
  • Indira Gandhi Institute of Development Research (IGIDR)
  • Indian Institute of Forign Trade (IIFT)
  • Indian Institute of Technology (Various IIT’s)
  • Madras School of Economics (MSE)
  • Gokhale Institute of Politics & Economics
  • Shiv Nadar University, Greater Noida
  • Ashoka University, Sonipat
  • Punjab University, Chandigarh
  • Central Universities and other Prominent Universities


The candidate must have completed graduation with a degree in B.A. in Economics. Some colleges accept students who have studied Economics as a subject in graduation even if it is not an honours subject. The aggregate marks obtained by the candidate should not be less than 50 percent or 60 percent as that is the minimum requirement of almost all the colleges.

Eligibility, Exam Pattern and Syllabus of MA Entrance of few prominent Universities

Delhi School of Economics (DSE)

Indian student (General): Indian Nationals can get admission through two modes, mentioned above. For both there is a certain criterion: Direct Mode: Student must have secured at least 60% aggregate in B.A. Economics (Hons). Entrance Mode: Student must have secured at least 60% or 1st division or equivalent CGPA in any Under Graduate/Post Graduate degree in any subject Foreign Students: A foreign national may be given choice to choose either to take a departmental test or submit their GRE scores along with 2 letters of recommendation from their 2 academic referees Entrance mode: Anyone who chooses to apply this way must fill the form online and apply within the prescribed.

Before appearing for the exam, you must know the pattern of the same. You must be thorough with the bachelor’s concepts and have knowledge about the below-mentioned topics:

  • Microeconomic theory
  • Macroeconomic theory
  • Mathematical techniques used by economists
  • Probability, statistics and elementary econometrics.

Paper will be in offline mode. The question paper will have multiple choice questions for which positive marks will be given and negative marking will be there. Exam Pattern Total Marks: 120 Total Questions: 40 Test Duration: 120 minutes Marking System: For each question, you will get 3 marks if you choose only the best answer; 0 mark if you choose none of the answers. However, if you choose something other than the best answer or if you choose multiple answers, then you will get -1 mark for that question.

Jawaharlal Nehru University (JNU)- School of International Studies

M.A. in Economics (with Specialization in World Economy)- School of International Studies Candidates must have a Bachelor Degree in Economics with Mathematics as an additional subject. Bachelor degree in Mathematics with Economics as an additional subject or bachelor degree in Statistics with Mathematics and Economics as subsidiary subjects under 10+2+3 education pattern securing at least 50 per cent marks aggregate are also eligible. Test is intended to evaluate the knowledge of candidates in-

  • Micro-economics
  • Macro-economics
  • Mathematics
  • Statistics
  • Indian Economy

Jawaharlal Nehru University (JNU)- School of Social Sciences

MA Economics (School of Social Sciences) Bachelor’s degree in any discipline under 10+2+3 pattern of education with at least 50% marks, and Mathematics either at 10+2 level or at Bachelor’s level, either as subsidiary or as honours. Test is intended to evaluate the knowledge of candidates in-

  • Micro-economics
  • Macro-economics
  • Mathematics
  • Statistics
  • Indian Economy

Exam Pattern Total Marks: 100 Total Questions: 50 Test Duration: 3 hours Marking System: One mark will be awarded for the correct answer and 0.25 mark deducted for the wrong answer. The question paper pattern will be objective and subjective. Part A will contain objective-type questions and Part B will contain short and long problems/questions.

  • Bachelor’s degree (with 50% marks in aggregate) in the following subjects: Economics (Honours) with Mathematics as a subsidiary subject; or Mathematics (Honours) with Economics as a subsidiary subject; or Statistics (Honours) with Economics and Mathematics as subsidiary subjects.
  • Any other Bachelor’s degree (with 60% marks in aggregate) with courses in Microeconomics, Macroeconomics, Mathematical Economics and Statistic

Indira Gandhi Institute of Development Research (IGIDR)

Minimum qualification for admission to M.Sc. programme includes one of the following degrees or their equivalents:

  • B.A./B.Sc. in Economics/B.Com./B.Stat./B.Sc. (Physics or Mathematics)/B.Tech./B.E. with at least 55% aggregate marks for Economics discipline and 60% aggregate marks for other disciplines.
  • The applicant must have studied Mathematics at the higher secondary or higher level.

Reservation Category: Reservation Policy as per Government of India Rules. Reserved Category applicants have to produce the necessary documentation as per GOI Rule. IGIDR Exam will cover the following-

  • Comprehsion,Reasoning and Analytical Ability
  • Basic Mathematics
  • Economics
  • Advanced Mathematics

Exam Pattern Total Marks: 120 Total Questions: 120 Test Duration: 3 Hours Exam Mode: Online Exam Type: Objective type and Interview

Indian Institute of Foreign Trade (IIFT)

Indian student (General):

  • The student must have passed B.A. Economics or B.Sc. Economics with at least 50% marks. Or Candidates should have passed B.A. or B.Sc. with one major each in Mathematics and Economics with 55% marks.
  • The student must have studied Mathematics at the higher secondary or higher level

Age Limit: There is no specific age bar for appearing in the IIFT examination. Foreign/NRI Students: The student should have passed graduation with a minimum CGPA of 4 in 5 Point Scale or 8 CGPA in 10 Point Scale with Economics as a Major. IIFT Entrance Exam consists of questions from the following concerning qualifying degree level subjects such as given below.

  • Basic Mathematics and Statistics
  • Microeconomics
  • Macroeconomics
  • International Economics
  • Public Finance
  • Contemporary Economics Issues

Total Marks: 100 Total Questions: 123 Test Duration: 120 Minutes Exam Mode: Online Exam Type: Objective type and Interview

Madras School of Economics (MSE)

Educational Qualification:

  • Undergraduate degree in social sciences (including commerce & management), sciences, or engineering (including those who are appearing for their final year exams).
  • The eligible candidates must secure at under-graduation level: 55% for General category; 50% for OBC – Non Creamy Layer; 45% for SC/ST/PWD candidates.

Age Limit:

  • The eligible candidates should not have completed 25 years as on 1st July of the year in which they appear in the exam.
  • The candidates should have studied mathematics at plus two level, or its equivalent.

Student should cover the following:

  • Basic mathematics and statistics
  • Analytical skills (Mathematics/Statistics stream)
  • Advanced mathematics (Economics stream)
  • Microeconomics
  • Macroeconomics
  • Indian economy and related topics

Exam Pattern Total Marks: 75 Total Questions: 75 Test Duration: 120 Minutes Exam Mode: Online Marking System: All questions MCQ type with four options. One mark for each correct answer and 0.25 negative mark for each wrong answer.

Indian Statistical Institute (ISI)

Master of Science in Quantitative Economics [MS (QE)]

  • Scope: This is a two-year advanced programme in Economics and its applications, with special emphasis on quantitative methods. On successful completion of the programme, a student will be able to pursue an academic career in Economics or take up responsible positions in various private and public sector organisations. It is offered simultaneously at Kolkata and Delhi.
  • Eligibility: In order to be eligible for admission to this programme, an applicant must have a Bachelor’s degree of three or more years’ duration, in any discipline.

Candidates will have to appear for the written tests and subsequent interview. Academic records may also be taken into consideration. Selection Procedure: Please refer to the Selection Policy for details of the selection process. The written admission tests will comprise multiple-choice and short answer type questions in both Economics and Mathematics at the undergraduate level. Syllabus of entrance test comprises following topics:

  • Microeconomics
  • Macroeconomics
  • Mathematics
  • Elementary Statistics

Gokhale Institute of Politics & Economics

  • Student must secure at least 50% marks in the aggregate (45% for SC/ST reserved category candidates) at graduation level.
  • Student who have appeared for the final degree examination and whose results are awaited shall also be eligible to apply

Student should cover the following:

  • Aptitude in mathematics and statistics
  • Analytical ability and Reasoning
  • Under Graduate level knowledge in Economics

Exam Pattern Total Marks: 60 Total Questions: 60 Test Duration: 45 Minutes

Panjab University, Chandigarh

Eligibility Conditions:

  • Student must have passed B.A. with Honours in Economics, OR B.A. with Economics as an elective subject with 50% marks in aggregate.

The following subjects must be covered-

  • Microeconomics
  • Macroeconomics
  • Indian Economy
  • Economics of Growth, Development & Planning
  • Mathematics and Statistics
  • Econometrics
  • Applied Economics- (Industrial Economics, Agricultural Economics, International Economics, Public Finance and Money and Banking)
  • Logical Reasoning

Exam Pattern Total Marks: 75 Total Questions: 75 Test Duration: 90 Minutes ¼ marks will be deducted for wrong answers


Micro Economics

  • Modern Microeconomics: Koutsoyiannis
  • Microeconomics: Robert S. Pindyck, Daniel L. Rubinfeld
  • Intermediate Microeconomics – A Modern Approach: Hal R Varian
  • World of Economics Microeconomics MA Entrance Booklet

Macro Economics

  • Macroeconomics: Rudiger Dornbusch, Stanley Fischer
  • Principles of Macroeconomics: David Shapiro
  • World of Economics Macroeconomics MA Entrance Booklet

International Economics

  • International Economics: Dominick Salvatore
  • World of Economics International Economics MA Entrance Booklet

Development Economics

  • Economic Development: Michael Todaro, Stephen Smith
  • Growth and Development: M.L. Jhingan
  • World of Economics Development Economics MA Entrance Booklet

Indian Economy

  • Indian Economy: Dr. Madhur M. Mahajan by Pearson
  • Latest Economic Survey Government of India
  • Latest Budget Documents
  • RBI Monthly Bulletins

Public Finance

  • Public Finance in Theory and Practice: Richard Musgrave
  • Public Finance: H.L. Bhatia
  • World of Economics MA Entrance Booklet


  • Statistics: S.P. Gupta
  • World of Economics Statistics MA Entrance Booklet

Mathematical Economics

  • World of Economics Mathematical Economics MA Entrance Booklet


  • Basic Econometrics: Damodar N. Gujarati.
  • World of Economics Econometrics MA Entrance Booklet