Firstly, the paper has two options. Candidates need to specify at the time of filling the form which option they would be attempting in the paper. Youneed to attempt either of the two and NOT both.1.
Part B (Maths):
Starting with Part B first. Frankly, never having seen its paper, we only have limited knowledge of the same. This is forpeople who have done Bachelors in Mathematics. It contains theoretical (fairly advanced) question relating to Functions, Matrices, MetricSpaces, Real Analysis etc etc. (This is not a comprehensive list of what all is covered). This section itself contains two sections. One sectionis for Objective type questions and the other is descriptive type (there is usually choice given for the descriptive type questions). There isnegative marking for the objective type questions section.People should not opt for the mathematics part until and unless they are very confident on theoretical Maths. Even people who have done engineeringusually attempt the economics part.1.
Part A (Economics):
This option is recommended for people from Economics, Statistics, Engineering and others fields. The subjects thatstudents are expected to be well versed with are: Microeconomics, Macroeconomics, Statistics (and some Econometrics which came bysurprise in the last 2009-10 paper) and Mathematics. Although there is no subject-wise allocation for marks, but past trends show that all thefour subjects get equal weight age in the paper.This part contains two sections both containing Objective type questions from all subjects:1.
Twenty questions of 1mark each (20marks)2.
Forty questions of 2marks each (80marks)There is negative marking of 1/3marks for the 1mark questions and 2/3marks for 2marks questions.Since all the questions are objective type, the options that are given in the exam are fairly well researched. Teachers are aware of the commonmistakes that students commit and therefore, if you commit a mistake in a question, chances are that the wrong option will be present among the fouroptions. There is very little scope for answering by elimination.Overall, it is not a very lengthy paper. If students allot time judiciously, then there is enough time to attempt all questions easily.One mark questions do not take that much time but as mentioned above the options are fairly tricky and until and unless you are crystal clear with yourconcepts, you are bound to make mistakes. Two-markers are lengthy, might require more time. Models generally will have few two-markers to beattempted with them testing different aspects of the same.
“A little knowledge is a dangerous thing”
holds true for this exam in particular because students think they know some question, attempt it wrong andbecause of the negative marking lose a lot of marks. So, guess work is absolutely not encouraged.
A note on notations:
Probably the thing that will scare you if you have a first look at the entrance paper is the extensive use of symbols. Moststudents from non-maths background are not well versed with the meaning of these symbols. Some common ones are: ?, ?, ?, ? etc. Such
mathematical notation is fairly easy once you know it but can pose problems if you don’t know it. They are extensively used i
n Microeconomics andMathematics questions.
Probably the most scariest and feared section in the paper. The primary references for the same are Fundamental
Methods of Mathematical Economics
by A. Chiang and
Further Mathematics for Economic Analysis
by Sydsaeter and Hammond. Students need to be well versed with functions,calculus, logic etc. (Integration and trigonometry can be de-
emphasized). Frankly, I don’t think any amount of hard
-work can assure that you will beable to attempt the questions that come in the entrance. So, if you are not strong in Maths, recommendation would be that you focus on Micro, Macroand Stats instead.However, differentiation and differential calculus are extensively used in Macroeconomics and if you are clear with those concepts that 70-80% of yourMacro questions are done automatically! (more on this has been covered in the Macroeconomics section) of this post.
Statistics and Econometrics:
Go through DU BA Economics syllabus for Statistics and follow up all the readings. You can refer to Mathematical Statistics by SC Gupta and VKKapoor for the probability section. For Econometrics, you may refer to Essentials of Econometrics by Gujarati, first 11 chapters. Last year, there were3-4 questions from Econometrics. So, if you do not wish to take chances, you may decide to do it as well.
First of all, get hold of DU syllabus of Macroeconomics 2nd year and go through all the readings referred. This shall form the basis of the questionsasked in the entrance. The entrance will surely have a set of questions on a macroeconomic model. For e.g., the most elementary question can begiving demand and supply sides of the economy in goods and money market respectively and finding the equilibrium output level and rate of interest.This can be supplemented by a question on what will happen if there is an exogenous increase in investment. The basic point to grasp is that one hasto be very clear with the concepts because it is then only that you can solve it in mathematical framework. Get hold of Macroeconomics by WilliamBranson. This book deals the subject in the way asked in DSE entrance. Since you will have 4-5 questions linked to the same model, it is necessarythat you get the first one right or else it will spill over to all the other questions and hence the negative marking. While solving the question in theentrance, do it on a fresh page (the extra sheet at the back) and do it very cautiously. DSE professors know where students tend to make mistakes andit is highly likely that the wrong answer that you might be getting is there in one of the options! And as already mentioned, negative marking can ruinyour chances to clear the entrance.