IIT JAM Economics Exam 2024, Eligibility, Pattern, Syllabus, Seat Matrix
Dr. Kumar25 Aug, 2024
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IIT JAM Economics Exam 2024: IIT JAM Economics 2024 exam date has been officially announced, and the application form was available on September 5, 2023. IIT Madras is organizing the IIT JAM Economics 2024 exam.
IIT JAM 2024, officially known as the Joint Admission Test for M.Sc. The IIT JAM 2024 Exam is a prestigious national-level entrance examination conducted by the Indian Institutes of Technology (IITs). This exam is the gateway for admission into various postgraduate science programs at the IITs, including M.Sc. (Two Years), Joint M.Sc.-PhD., and M.Sc.-PhD. Dual Degree and other specialized post-bachelor's degree programs.
This article provides detailed information on the IIT JAM Economics 2024 syllabus, eligibility criteria, exam pattern, and participating colleges, providing valuable information for aspiring candidates.
IIT JAM Economics Exam 2024 Overview
The Joint Admission Test for the Master of Science (JAM) Economics Exam 2024 is scheduled for February 11, 2024. IIT JAM 2024 is an online test conducted by the Indian Institute of Technology, Madras. This exam allows students to pursue Masters in Economics programs at various IITs and NITs in India. Here is an overview of the IIT JAM Economics Exam 2024:
| IIT JAM Economics Exam 2024 Overview | |
| Particulars | Details |
| Exam Name | Indian Institute of Technology Joint Admission Test for MSc |
| Conducting Body | IIT Madras |
| Exam Level | Postgraduate Exam at National level |
| Mode of Exam | Computer Based Test (CBT) |
| Total Number of Applicants | Approximately six lakh (based on previous year's data) |
| Courses Offered Through Exam | MSc, Dual Degree, and Integrated PhD |
| Colleges Accepting IIT JAM Scores | IITs, IISc Bangalore, NITs, and CFTIs |
| Total Number of Seats | 3000 (including all IITs) |
| Official Website | Click Here |
| Contact Details | jam@iitm.ac.in |
IIT JAM Economics Exam 2024 Eligibility Criteria
The table below lists the educational requirements for admission to Economics programs at various institutions. Candidates must have specific educational qualifications and subjects at bachelor's and 10+2 levels to be eligible for admission. Check the criteria below to confirm your eligibility for IIT JAM 2024 .
| IIT JAM Economics Exam 2024 Eligibility Criteria | ||||
| Test Paper Code | Academic Programme | Institute | Minimum Educational Qualifications for Admission | Essential Subjects at (10+2) Level |
| Economics (EN) | M.Sc. in Economics | IITD | B.A./B.Sc./B.Com./B.Stat./B.Math./B.Tech/B.E. or equivalent with a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent. | No Restrictions |
| Economics (EN) | B.Tech./B.E./B.Sc. (Economics)/B.A.(Economics)/B.Sc. (Statistics)/BCA and B.Sc./B.A./B.Com. with Mathematics as one of the subjects. | IITR | No Restriction | Mathematics as one of the subjects. |
IIT JAM Economics Exam Pattern 2024
Candidates can refer to the table below for the IIT JAM Economics 2024 Exam Pattern. It is important to understand the exam pattern to prepare effectively. Here is a detailed breakdown of the IIT JAM Economics Exam Pattern 2024:
| IIT JAM Economics Exam Pattern 2024 | |
| Particulars | Pattern Details |
| Total Number of Questions | 60 Questions |
| Total Marks | 100 Marks |
| Exam Duration | 3 Hours |
| Total Sections | 3 Sections (A, B, C) |
| Types of Questions | Section A30 Multiple Choice Questions, Section B10 Multiple Select Question, Section C20 Numerical Type Questions |
| Marking Scheme | Negative marking for Section A, No negative marking for Sections B & C |
IIT JAM Economics Exam 2024 Marking Scheme
Here is the JAM Economics marking scheme, offering insights into the difficulty level of the exam paper.
Section A:
- This section is divided into two parts.
- The first part consists of 10 multiple-choice questions, each worth 1 mark.
- For every incorrect answer in these 1-mark questions, a penalty of 1/3 mark will be applied.
- The remaining 20 multiple-choice questions in this section are each worth 2 marks.
- For these questions, 2/3 of marks will be deducted for wrong attempts.
Section B:
- This section consists of 10 multiple-select questions, each worth 2 marks.
- There is no negative marking for wrong answers in this section.
Section C:
- Section C comprises 30 numerical answer type questions.
- Among these, 10 questions carry 1 mark each, and the remaining questions carry 2 marks each.
- There is no negative marking for Section C questions.
IIT JAM Economics Syllabus 2024
The IIT JAM Economics 2024 syllabus covers Microeconomics, Macroeconomics, Statistics for Economics, Indian Economy, and Mathematics for Economics. The unit-wise details of the IIT JAM 2024 Economics Syllabus are as follows:
| IIT JAM Syllabus 2024 Economics | |
| Unit | Main Topics |
| Unit 1: Microeconomics |
|
| Unit 2: Macroeconomics |
|
| Unit 3: Statistics for Economics |
|
| Unit 4: Indian Economy |
|
| Unit 5: Mathematics for Economics |
|
Aspirants preparing for IIT JAM 2024 Exam may refer to the IIT JAM Economics Syllabus 2024 for the detailed Economics Syllabus.
IIT JAM Economics Exam 2024 Seat Matrix
There are 58 seats in two IITs for the Economics M.Sc. course. Below is the category wise distribution of available seats in each institute:
| IIT JAM Economics Exam 2024 Seat Matrix | ||
| Institute | Academic Program [Code] | Total |
| IIT Delhi | M.Sc. in Economics [1304] | 25 |
| IIT Roorkee | M.Sc. in Economics [1803] | 33 |
IIT JAM Economics Exam 2024 Participating Colleges
In the IIT JAM Economics Exam 2024, only two of the 21 participating IITs offer Master's programs in Economics
- IIT Delhi
- IIT Roorkee.
IIT Delhi and IIT Roorkee are top-tier institutions that offer advanced studies in economics. They have world-class faculty and cutting-edge curriculum, making them pillars of quality education in economics.
IIT JAM Economics Exam 2024 Preparation Tips
The following are the most essential tips for candidates preparing for the IIT JAM Economics Exam 2024:
- Early Start: Start preparing early. Get familiar with the economics syllabus and set aside 4-5 hours per day to study. Starting early allows for efficient time management and comprehensive coverage of the curriculum.
- Fundamental Understanding: To prepare for the IIT JAM Economics exam, first grasp the fundamental economics concepts. Review key theories and principles from your high school and undergraduate studies. Then, delve into the core concepts provided in the IIT JAM Economics study materials to gain a solid understanding of the subject matter.
- Practice with Previous Year Papers: To prepare for the IIT JAM Economics exam, it is essential to solve previous years' question papers. This will help you understand the question patterns and difficulty levels. You should also practice regularly by solving papers independently and cross-referencing with the official IIT JAM Answer Key 2024. This will allow you to enhance your problem-solving ability and gain valuable exam experience.
- Effective Note-taking: Summarize the essential information from the IIT JAM Economics study materials in concise, organized notes. These notes will serve as quick references for revision and reinforcement of key concepts, given the limited exam time.
- Engage in Mock Tests: T aking IIT JAM Economics mock tests and practice papers will help you improve your problem-solving skills and proficiency in economic theories and applications. These simulations will also help you identify your strengths and weaknesses, so you can focus your studies on the areas that need the most attention.
By following these economics-specific strategic steps, you will significantly improve your preparation for the IIT JAM Economics Exam in 2024.
IIT JAM Economics Exam 2024 Career Opportunities
Here are some of the diverse career paths you can pursue after completing your Master in Economics:
Education: Pursue higher education by opting for a Master of Philosophy (M.Phil.) or a Doctor of Philosophy (PhD.) in economics. This advanced knowledge can land you roles like a lecturer or Assistant Professor in colleges or universities.
Government Jobs: Various competitive exams, such as the Reserve Bank of India (RBI) DPER and the University Grants Commission (UGC) NET, value a strong foundation in economics. Additionally, for the Union Public Service Commission (UPSC) exams, having economics as an optional subject can lead to high scores, leveraging your prior economics expertise.
Actuarial Science and Data Analysis: With its focus on risk prediction, liability management, mathematics, and probability, a Master's in Economics equips you for careers in actuarial science and data analysis, where these skills are highly valued.
Entrepreneurship: Mastering economics provides in-depth knowledge of economic principles, making it easier to analyze market trends and succeed as an entrepreneur.
Credit Analyst: These professionals assess creditworthiness by conducting microeconomic evaluations and identifying risks associated with lending credit to individuals or companies.
Market Research Analyst: Leveraging economics knowledge and analytical skills, Market Research Analysts study market trends and use data to help companies make informed business decisions, enhancing their profitability.
Aspirants preparing for the IIT JAM exam should join the Physics Wallah IIT JAM Online Courses, your ultimate learning solution. Our expert faculty members provide mentorship, resolving your doubts and enhancing your preparation. Aspirants will also get access to live classes, video lectures, and test series by enrolling in our Best IIT JAM Online Coaching .
IIT JAM Economics Exam 2024 FAQs
Which IIT will conduct IIT JAM in 2024?
Is there an IIT JAM for economics?
Who is eligible for JAM 2024?
How many students appeared for IIT JAM Economics?
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