The Indira Gandhi Institute of Development Research (IGIDR) is one of the premier institutes in India, offering a Master of Science (MSc) in Economics. The entrance exam for this prestigious program is highly competitive, and candidates must be well-prepared to secure admission. This guide provides a curated list of books, websites, and other resources that can help aspirants effectively prepare for the IGIDR MSc Economics entrance exam.
Main Resources for IGIDR MSc Economics entrance exam
Books
1. "Mathematical Methods for Economic Theory 1" by James C. Moore
This book is an excellent resource for mastering the mathematical concepts required for the IGIDR entrance exam. It covers a wide range of topics, including linear algebra, calculus, and optimization, which are crucial for economic analysis.
2. "Microeconomic Theory" by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green
A comprehensive guide to microeconomic theory, this book is a staple for any serious economics student. It provides in-depth coverage of consumer theory, production theory, and market structure, all of which are essential for the entrance exam.
3. "Introduction to Econometrics" by James H. Stock and Mark W. Watson
Understanding econometrics is vital for the IGIDR MSc Economics entrance exam. This book introduces key econometric concepts and techniques, making it easier for candidates to grasp the statistical methods used in economic research.
4. "Advanced Macroeconomics" by David Romer
Macroeconomics is another critical area for the IGIDR entrance exam. David Romer’s book offers an advanced treatment of macroeconomic theory, including topics like economic growth, business cycles, and monetary policy.
5. "Schaum's Outline of Introduction to Mathematical Economics" by Edward T. Dowling
For those who need additional practice, this book provides numerous solved problems and examples. It’s a great way to reinforce learning and ensure a solid understanding of mathematical economics.
Websites
1. IGIDR Official Website
The first stop for any aspirant should be the IGIDR official website. It provides detailed information about the entrance exam, including the syllabus, sample papers, and important dates.
2. EconJobRumors
EconJobRumors is an online forum where economics students and professionals discuss various topics. It's a valuable resource for finding study materials, getting tips from those who have already taken the exam, and staying updated on the latest trends in economics.
3. Coursera and edX
These online learning platforms offer numerous courses in economics, mathematics, and statistics. Courses like "Microeconomics" by the University of Illinois or "Principles of Econometrics" by the University of Maryland can provide additional preparation and understanding.
4. NPTEL
The National Programme on Technology Enhanced Learning (NPTEL) offers a range of courses in economics and related fields. The courses are designed by experts from IITs and IISc, ensuring high-quality content.
Coaching Institutes
For some aspirants, self-study might not be sufficient, and they may require additional guidance. Several coaching institutes specialize in preparing students for economics entrance exams.
1. Jamboree
Jamboree offers specialized coaching for various entrance exams, including the IGIDR MSc Economics entrance. Their structured program includes comprehensive study materials, regular tests, and personalized feedback.
2. Edushastra
Edushastra provides online and offline coaching for the IGIDR MSc Economics entrance exam. Their courses are designed to cover all aspects of the exam, with a focus on conceptual understanding and problem-solving skills.
3. IMS Learning Resources
IMS is a well-known name in the coaching industry. They offer dedicated courses for economics entrance exams, including classroom sessions, study materials, and mock tests to help students prepare effectively.
Online Communities and Study Groups
Joining online communities and study groups can be extremely beneficial. They provide a platform for discussing doubts, sharing resources, and getting moral support from fellow aspirants.
1. Facebook Groups
There are several Facebook groups dedicated to economics entrance exams. These groups are great for networking with other candidates, sharing study materials, and getting insights from those who have already cleared the exam.
2. WhatsApp Study Groups
Joining a WhatsApp study group can help you stay motivated and focused. These groups often share daily study plans, important updates, and resources that can be very useful.
3. Reddit
The Economics subreddit is another excellent platform for discussing preparation strategies, finding resources, and getting advice from a global community of economics enthusiasts.
IGIDR MSc Economics Coaching
For those who prefer structured guidance, enrolling in a coaching program can be a wise decision. Institutes like TIME and CL Educate offer specialized courses tailored to the IGIDR MSc Economics entrance exam. These programs provide a systematic study plan, expert guidance, and regular assessments to track your progress. Coaching can also help in staying disciplined and focused throughout the preparation journey.
Conclusion
Preparing for the IGIDR MSc Economics entrance exam requires a well-rounded approach, utilizing a variety of resources. From essential textbooks and online courses to coaching institutes and study groups, the tools and support available are vast. By leveraging these resources effectively, candidates can enhance their preparation and improve their chances of securing a spot in this esteemed program. Remember, consistent effort, a clear understanding of concepts, and regular practice are key to success in this competitive exam.
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