How should you preapre for DSE MA economics Entrance Test? One should be clear about 1) Which Option to choose 2) the pattern of the paper, 3) Books to be read 4) Difficulty Level of the questions asked 5) Expecting the unexpected.
Options to choose[1]: There are two options in the paper, Option A and B. Option A is for those, who have graduated with economics/commerce and related backgrounds. Option B is for those who have graduated with Mathematics/ Statistics/Engineering and related Background. Students can opt for either of these irrespective of their Academic backgrounds. For example, Mathematics graduate can still opt for Option A or an Economics Graduate can opt for Option B. But it is advisable, that students should opt for an option according to their respective academic background and comfort level with the subject. Though it is found that Maths people grasp economics fundas quite easily, they could very easily opt for Option A too and get cleared.It is good for them (Maths people opting for Option A) too, as before going to DSE they would have better understanding of the subject. But again, do at your risk :)
Pattern of the paper[2]: For Option A
[3], since 2006, 20 questions of one mark and 40 questions of two marks each are asked in the paper. Part A consists of 20 questions and Part B consists of 40 questions as mentioned above. Questions are asked very broadly from four parts, Microeconomics, Macroeconomics, Mathematics and Statistics. It is important to note that there is no clear cut demarcation with respect to subjects in the paper.
Books to be read: Some of the basic books which everyone should read cover to cover are following:
1)Microeconomic Theory :Hal Varian, Intermediate Microeconomics,7e and Rubinfield and Pindyk , Microeconomics
2)Macroeconomic Theory : Dornbusch and Fisher, Macroeconomics,6e and Mankiw, Macroeconomics,6e
3)Mathematics : RGD Allen, Mathematical Analysis for Economics , AC Chiang, Fundamental Methods of Mathematical Economics , Sydsaeter and Hammond, Mathematics for Economic analysis
4)Statistics : Nagar and Das, Basic Statistics, SC Gupta
Difficulty Level of the questions asked: Every aspirant should be clear that DSE would require high mathematical aptitude, applied to economic models. You should not only be able to apply mathematics but also an economic intuition, without which success is not ensured. For example, everyone knows how to calculate Cournot Nash Equilibrium, but is it Pareto efficient with respect to merger of two firms? Are Government Bonds assets or liabilities, justify your answer in both cases. Remember, professors will go one level deeper in every concept they want to test. So prepare smartly! Only understanding of concepts is not sufficient, you should have done tons of applications pertaining to each concept, then you can clear this exam.
Expecting the Unexpected: Do not expect the expected. Do not form any expectations about the paper, do not think that there will not be any subjective questions, there can be. Do not expect that there will always equal weightage for every subject, there can be skewed distribution of questions pertaining to every subject. Take every possibility. It is possible that paper would be so so so easy that cut off goes more than 95% and there is a possibility that paper would be so tough that cut off touches barely 40%.
Who are we? We are the group of Delhi School of Economics Alumni, who are conducting classes for DSE 2009 Entrance. If you are planning to get a high level coaching, application based advanced level stuff then your search ends here. Since very less time is remaining in the DSE 2009 Entrance, we want to provide you with highest and finest coaching, giving you a sense of right direction towards your preparation. In the class, we would be doing Applications, Applications and Applications!!!!. Remember we have gone through DSE, we know it all, what it takes to get in to DSE !!!!
[1] Read the prospectus for any details. These things are subject to change.
[2] Subject to change as per Admission committee
[3] We would discuss Option A only
Contact us : Nishant Mehra (9999886629) and Vidhi Pant (9873903314)
