Purposeful Preparation for a Masters in Economics
Planning to pursue a Masters in Economics from prestigious institutions like DSE (Dibrugarh University) or IGIDR (Indian Institute of Management, Delhi) is an ambitious goal, especially if you're an engineer by background. Each entrance exam has unique requirements, and understanding these differences can significantly impact your preparation and success rate. In this guide, we will explore strategies to prepare effectively for the DSE or IGIDR entrance exams, emphasizing the importance of a structured approach and the value of targeted resources.
Understanding the Entrance Exam Patterns
It's crucial to recognize that each entrance exam for a master's in economics, such as those conducted by DSE, IGIDR, JNU (Jawaharlal Nehru University), GIPE (Delhi School of Economics), and others, has its own distinct pattern. DSE, for example, places a significant emphasis on numerical questions, while JNU relies more on theoretical questions. Understanding these differences is key to formulating an effective study plan. This knowledge helps you focus on the right areas and allocate your study time accurately.
Comprehensive Analysis of the Syllabus
The first step in your preparation should be to spend a week thoroughly analyzing the syllabus. Start with the basics of microeconomics, which includes understanding concepts such as consumer behavior, producer behavior, demand and supply, and market structure. Utilizing online resources, especially educational platforms like Coursera, edX, or even YouTube, can be incredibly helpful in grasping these foundational concepts. Remember, the goal during this phase is to build a solid conceptual framework, not to delve into extensive note-taking or studying vast amounts of material.
Securing Guidance through Coaching
A strong foundation and conceptual clarity are critical, especially for engineering graduates who are stepping into the field of economics. Given the complexity of the subject, enrolling in coaching classes can provide valuable guidance and support. Some renowned coaches in the field, such as Ravit Thukral, Nishant Mehra, and Amit Goel, have demonstrated remarkable success in helping students prepare for these exams. Attending demo classes taught by these instructors can help you gauge which teacher best suits your learning style and explains concepts in a comprehensible manner.
Leveraging Resources for Success
Focusing on the undergrad syllabus for economics at Delhi University can also be beneficial. Key textbooks and resources include: Introductory Microeconomics - Hal Varian Macroeconomics - Dornbusch and Fischer Probability and Statistics for the Engineers and Scientists - Jay L. Devore Mathematical Models for Economics - Sydsaeter and Hammond Additionally, past years' question papers can be invaluable for practice and understanding the question patterns and difficulty level. These question papers are available online, and it's recommended to download them from [Downloadable Question Papers: M.A. Economics Entrance]. For DSE and ISI, following the recommendations of Amit Goyal and his YouTube channel can provide further insights and strategies.
Contacting Expert Institutes for Support
For non-economics background students, the journey to mastering economics can be challenging. Chandrashish Mazumdar, an engineering graduate, secured AIR 6 and 13 in both the IIT JAM Economics and GATE Economics exams, and he attributes his success to the in-depth and extensive curriculum offered by ArthaPoint. This institute focuses on conceptual clarity, ensuring that students like him can acquire a solid understanding of the subject just as if they had an economics background.
If you're an engineering graduate with aspirations of pursuing a master's in economics, consider reaching out to ArthaPoint or similar institutions that specialize in supporting students from diverse academic backgrounds. Their expertise can be instrumental in your journey towards academic excellence.
Wishing you all the best in your preparation and future endeavors!