Economists very often talk about the trade-off between equity and economic growth. The argument is as following:
“If there is inequality in the society, people have incentive to move up the ladder through aspirations of being at higher position. Hence, they work harder resulting into economic growth. Rich have higher propensity to save which feeds into higher investment leading to higher economic growth”
India can probably stand out as a good example of this probable economic phenomenon, albeit through a different economic logic.
Recently, I was watching a programme on “Aarti Home”, a home for orphans and “unwanted” children (read girl child). The owner of this organization had information about a lady who wanted to abort her child since she was a girl. She visited her in hope of convincing her to not take such a step. In the whole conversation that followed between the owner of the organization and the pregnant lady, the former had no words to refute the reasoning behind not having a girl child. To me, the reasoning was a perfect cost-benefit analysis.
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. You need to attempt either of the two and NOT both.
Part B (Maths): Starting with Part B first. Frankly, never having seen its paper, we only have limited knowledge of the same. This is for people who have done Bachelors in Mathematics. It contains theoretical (fairly advanced) question relating to Functions, Matrices, Metric Spaces, Real Analysis etc etc. (This is not a comprehensive list of what all is covered). This section itself contains two sections. One section is for Objective type questions and the other is descriptive type (there is usually choice given for the descriptive type questions). There is negative marking for the objective type questions section. Continue reading →
JNU has two schools that offer post graduation in Economics: School of Social Sciences (SSS) and School of International Studies (SIS). SSS has MA in Economics which is open to students from all streams. However, only graduates in Economics are eligible to apply for MA Economics with specialization in World Economicy offered by SIS.
SSS (MA Economics)
To crack JNU entrance, solving past years is extremely important. They essentially have the same trend of questions being followed over years. If you are preparing for ISI and DSE entrances, clearing JNU may not be that challenging. SSS entrance tests on basics and do not really focus on any sophisticated problems like ISI and DSE. Last year SSS entrance had objective as well as subjective questions.
As already mentioned, this course is offered by School of International Studies. A student must be a graduate in Economics to apply for this course.
Preparation for this entrance is similar to the MA Economics degree offered by School of Social Studies. If i recall correctly, last year they had 8 questions out of which one had to answer 5. Keep the strategy for this same except that you need to write the answers in coherent manner. Note that the entrance for this course has subjective questions. On addition to the recommended topics for course at SSS (previous entry), go through 3rd year â€œInternational Economicsâ€ book by Paul Krugman. HO theorem, Specific factor model etc. are required to be done.