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The IIT JAM Economics syllabus includes topics such as inequalities in social development and poverty estimation in India.
What are the main topics in IIT JAM Economics?
The main topics include Microeconomics, Macroeconomics, Indian Economy, Statistics for Economics, and Mathematics for Economics.
Is there any specific eligibility for IIT JAM Economics?
Yes, you need to have a graduate degree in Economics or a related field to be eligible for the exam.
How many sections constitute the Economics Syllabus in IIT JAM?
The Economics Syllabus for IIT JAM comprises five sections.
IIT JAM Economics Syllabus 2026, Preparation Tips
Dr. Kumar24 Apr, 2025
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IIT JAM Economics Syllabus 2026: Institute of Technology (IITs) Economics Syllabus 2026 will be released soon on the official website of IIT JAM. The syllabus helps students know what topics they need to study for the exam. It will include subjects like Microeconomics, Macroeconomics, Indian Economy, Statistics, and Mathematics.
Each section will have important topics and subtopics that are commonly asked in the exam. Students are advised to check the official syllabus once it is available and start their preparation accordingly. The updated syllabus will be shared here as soon as it is released.
IIT JAM Economics Syllabus Overview
IIT JAM Economics Syllabus 2026 will be released soon on the official website. Check the given below table for an overview of the IIT JAM Economics Syllabus 2026.
IIT JAM Economics Syllabus Overview
Category
Details
Exam Name
IIT JAM 2026
Post Category
IIT JAM Economics Syllabus 2026
Status
To be announced
Exam Mode
Online
Exam Duration
3 hours
Total Marks
100
Number of Questions
60
Paper Pattern
Divided into three sections (A, B & C Section), Section A (30 Multiple-Choice Questions), Section B (10 Multiple-Choice Questions), Section C (20 Numerical Answer Type Questions)
Eligibility Criteria
Graduate in Economics or a related discipline
IIT JAM Economics Syllabus PDF
IIT JAM Economics Syllabus PDF is a useful file for candidates preparing for the exam. It contains all the important topics and subjects included in the IIT JAM Economics syllabus. Candidates can use the syllabus PDF to make a proper study plan and cover all the sections. The IIT JAM Economics Syllabus from the previous year is already available and can be used for preparation. Once the IIT JAM Economics Syllabus 2026 PDF is released, we will update it here.
IIT JAM Economics Section wise Syllabus
IIT JAM Economics Section-wise Syllabus 2026 will be released soon by the official authorities. Once the syllabus is officially published, it will be updated here in detail. For now, candidates can refer to the previous year’s syllabus to get an idea of the topics covered in each section. Below is a detailed breakdown of each subject area in an easy-to-understand format.
IIT JAM Microeconomics Syllabus
Candidates preparing for the IIT JAM Economics Exam 2026 should first check the detailed Microeconomics syllabus. The table below gives the list of important topics and subtopics to focus on:
IIT JAM Microeconomics Syllabus
Topics
Sub Topics
Consumer theory
Preference, utility, and representation theorem, Budget constraint and choice, Demand (ordinary and compensated), Slutsky equations, and Choice under risk and uncertainty Revealed preference axioms.
Production, costs
Technology and isoquants, Production with one or more variable inputs, Returns to scale, Short-run and long-run costs, Cost curves in the short run and long run, Perfect competition in markets
General equilibrium and welfare
Equilibrium and efficiency under pure exchange and production, Welfare economics, Theorems of welfare economics
Market structure
Monopoly and pricing with market power, Price discrimination (first, second, and third degree), Monopolistic competition, and oligopoly
Game theory
Strategic form games, Nash equilibrium, Mixed extension and mixed strategy Nash equilibrium, Iterated elimination of dominated strategies, Examples: Cournot, Bertrand duopolies, Prisoner's dilemma, Cooperative game theory: Shapley value, Nash bargaining
Public goods and market failure
Externalities, Public goods and markets with asymmetric information (adverse selection and moral hazard), VCG mechanism and transfer rules
IIT JAM Macroeconomics Syllabus
The IIT JAM Macroeconomics Syllabus will take you through various aspects of the larger economic landscape. This table summarizes the topics and sub-topics covered in this syllabus, providing a structured overview of what you will be studying:
IIT JAM Macroeconomics Syllabus
Topics
Sub Topics
National Income
Accounting: Understanding the structure, key concepts, measurements, and circular flow of income for both closed and open economies. Examining money, fiscal, and foreign sector variables, along with their concepts and measurements.
Behavioral and Technological Functions
Consumption Functions: Analyzing various consumption functions, including the absolute income hypothesis, life-cycle hypothesis, and permanent income hypothesis. Investment Functions: Exploring Keynesian investment functions and understanding money demand and supply functions. Production Function: Examining the production function, a key element in economic analysis.
Business Cycles and Economic Models
Business Cycles: Studying the facts and features of business cycles, including both the Classical and Keynesian models. Keynesian Cross Model: Understanding the simple Keynesian cross model for income and employment determination and the multiplier effect (in a closed economy). IS-LM Model: Analyzing the IS-LM Model and Hicks’ IS-LM synthesis. Evaluating the roles of monetary and fiscal policy in managing business cycles.
Business Cycles and Economic Models (Open Economy)
Open Economy: Investigating the dynamics of an open economy, including the Mundell-Fleming model and the Keynesian flexible price (aggregate demand and aggregate supply) model. Assessing the roles of monetary and fiscal policy in open economies.
Inflation and Unemployment
Inflation: Examining theories, measurement techniques, causes, and the effects of inflation. Unemployment: Exploring various types of unemployment, methods of measurement, underlying causes, and the impact of unemployment on the economy.
Growth Models
Harrod-Domar, Solow, and Neoclassical Growth Models: Studying these important growth models that explain the factors contributing to economic growth and development.
IIT JAM Economics Syllabus Statistics
The IIT JAM Statistics for Economics syllabus covers important topics such as probability theory, random variables, sampling, estimation, and hypothesis testing. Here's an overview of the key topics covered in this syllabus:
IIT JAM Statistics for Economics Syllabus
Topics
Probability theory, Sample spaces and events, Axioms of probability and their properties, conditional probability and Bayes’ rule, independent events
Random variables and probability distributions, probability distributions, expected values and functions of random variables, properties of commonly used discrete and continuous distributions
Random sampling, Density and distribution functions for jointly distributed random variables, computing expected values of jointly distributed random variables, covariance and correlation coefficients
Point and interval estimation, estimation of population parameters using methods of moments and maximum likelihood procedures, properties of estimators, confidence intervals
Hypothesis testing, distributions of test statistics, testing hypotheses related to population parameters, Type I and Type II errors, the power of a test, tests for comparing parameters from two samples
IIT JAM Economics Syllabus Indian Economy
The Indian Economy syllabus for IIT JAM covers various topics related to India's economic history, development, and contemporary challenges. Here are the chapters and their respective topics:
IIT JAM Indian Economy Syllabus
Chapters
Topics
Indian economy before 1950
Transfer of tribute
Deindustrialization of India
Planning and Indian development
Planning models
Relation between agricultural and industrial growth
Challenges faced by Indian planning
Indian economy after 1991
Balance of payments crisis in 1991
Major aspects of economic reforms in India after 1991
Reforms in trade and foreign investment
Banking, finance, and macroeconomic policies
Aspects of banking in India
Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
Financial sector reforms in India
Fiscal deficit
Savings and investment rates in India
Inequalities in social development
India’s achievements in health, education, and other social sectors
Disparities between Indian States in human development
Poverty
Methodology of poverty estimation
Issues in poverty estimation in India
India’s labor market
Unemployment
Labor force participation rates
IIT JAM Economics Syllabus Mathematics
The Mathematics for Economics syllabus in IIT JAM is designed to equip students with mathematical tools and concepts relevant to economics. Here are the topics and their subtopics:
IIT JAM Mathematics for Economics
Topics
Sub Topics
Preliminaries and Functions of one real variable
Set theory and number theory
Graphs, elementary types of functions: quadratic, polynomial, power, exponential, logarithmic, sequences and series: convergence, algebraic properties, and applications
Continuous functions: characterizations, properties concerning various operations, and applications
Differentiable functions: characterizations, properties with respect to various operations, and applications
Second and higher-order derivatives: properties and applications
Single-variable optimization
Geometric properties of functions: convex functions, their characterizations, and applications
Local and global optima: geometric and calculus-based characterizations, and applications
Linear algebra
Vector spaces algebraic and geometric properties
Scalar products, norms, orthogonality
Linear transformations: properties, matrix representations, and elementary operations
Systems of linear equations: properties of their solution sets
Determinants: characterization, properties, and applications
Functions of several real variables
Geometric representations graphs and level curves
Differentiable functions: characterizations, properties with respect to various operations, and applications
Second-order derivatives: properties and applications
The implicit function theorem, and application to comparative statics problems
Homogeneous and homothetic functions: characterizations and applications
Multivariate optimization
Convex sets, geometric properties of functions: convex functions, their characterizations, properties, and applications
Further geometric properties of functions: quasi-convex functions, their characterizations, properties, and applications
Unconstrained optimization: geometric characterizations, characterizations using calculus, and applications
Constrained optimization with equality constraints: geometric characterizations, Lagrange characterizations using calculus, and applications
Properties of value function: envelope theorem and applications
Linear programming
Graphical solution
Matrix formulation
Duality
Economic interpretation
Integration, differential equations, and difference equations
Definite integrals
Indefinite integrals and economic applications
First-order difference equations
Equilibrium and its stability
First-order differential equations
Phase diagrams and stability
How to Prepare for IIT JAM Economics Syllabus 2026?
Candidates who are getting ready for the IIT JAM Economics Exam 2026 should follow a smart and clear study plan. Below are some easy and helpful tips to prepare for the exam step by step:
Know the Syllabus Well: Start your preparation by going through the complete IIT JAM Economics syllabus. Understand all the topics under Microeconomics, Macroeconomics, Mathematics, and Statistics.
Make a Study Plan: Create a daily or weekly timetable and follow it strictly. Allocate more time for tough topics and revise easier ones regularly.
Focus on Concepts, Not Just Formulas: Try to understand the basic concepts in Economics. Clear concepts help in solving both theoretical and numerical questions easily.
Use Standard Books and Study Material: Refer to recommended books for Economics, Statistics, and Mathematics. Avoid too many sources to stay focused and clear.
Practice Previous Year Papers: Solve previous year question papers and sample papers. This will help you understand the paper pattern and types of questions.
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