If one has to prepare for Economics entrance exam, how should one approach the Macroeconomics subject? There are not many good resources available like Hal R. Varian, which is one of the best tailor-made books for entrances in the field of microeconomics. There are good macroeconomics textbooks, which can be thought of as close-substitutes for an ideal entrance preparation textbook.
Given the resources, the right way to start with this subject is to start reading one out of these three books- Macroeconomics by N. Gregory Mankiw, Macroeconomics by Rudiger Dornbusch, Stanley Fischer, et al. or Macroeconomics by Olivier Blanchard. The ideal way would be to complete the textbook from page one to the end. Doubts are a sign of preparation. One should religiously note their doubts in a separate register to refer it back & forth. It could be a small doubt related to a concept or a topic and even can be a whole chapter. The Internet is a solution to a lot of problems and clearing doubts can be one of them. Try to understand the concept from the internet; direct answers won’t likely be available. The sources can be in the form of blogs, YouTube videos and documents. You can always follow good channels, blogs and follow current affairs to understand the application of theory in the real world.
After completing reading the textbook, the second step is to go through the previous years' question papers. The main focus could be on the most challenging entrances- ISI MSQE, DSE and IGIDR. Every individual has different preferences for choosing the college for themselves and this can be one of the ways it could be done. Zeroing down on these entrance examinations can lead to a lot of doubts and uncertainty. You can note the topics that might require a revision or any fresh topics which were not covered in the initial phase of preparation. The Internet can help clear most of the doubts if you read through relevant resources. It can be a slow and time consuming process but it would make your concepts clear and resolve new doubts if any.
All these examinations generally happen on different dates and may differ in syllabus pattern. But, the base of almost all Economics entrance examinations is based on Microeconomics, Macroeconomics, Basic Mathematics, Statistics and other relevant subjects.
In the last few days before the exam, the strategy should be quite different from the previously mentioned one. The revision and recollection of the concepts and topics that you’ve learnt before can help you go a long way. You can always refer to the youtube playlist specifically dedicated on solving ISI MSQE question paper.
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