Finance

M.Sc. Financial Economics

·   Madras School of Economics (MSE), Anna University, (Behind Govt Data Centre) Gandhi Mandapam Road, Chennai – 600025 Web: www.annuniv.edu/, www.mse.ac.in. Eligibility: B.Sc. with Mathematics as Major or Ancillary Subjects with 50% Marks (or) B.Sc (Economics/ B.A Economics/ B.Com/ B.B.M/ B.B.A. with 50% marks with +2 mathematics). Hostel accommodation for men and women is available. Students obtaining ranks in the entrance examination will be awarded fellowship of Rs 2500/-pm.  Entrance test: 24.5.09 in Chennai.  Last date: 30.4. 09 Entrance Test: Part 1: Basic Mathematics and Statistics: There will be 10 questions on each of the following sections - 1. Set theory: Basic concepts, complements, union and intersection, laws. 2. Limits and Derivatives: Limits and continuity, derivatives of functions of one variable, maxima and minima 3. Matrices and Determinants: Rank and inverse of a matrix, properties of determinants, solution of system of equations. 4. Statistics: Elements of probability, mean, variance and correlation coefficient. Part 2: Advance Mathematics And Statistics: There will be 12 or 13 questions on each of the following sections - 1. Analytical Geometry: Equation for straight line, circle, parabola, hyperbola, quadratic equation. 2. Functions and Differentiation: Binomial, Exponential and logarithmic functions, Taylor’s series homogeneous functions and Euler’s theorem, derivatives of functions of more than one variable, partial and total derivatives, derivatives of higher order, convex and concave functions, points of inflextion. 3. Integration and Differential equation: Evaluation of integrals, definite and indefinite integrals, integration by parts, solution of first order linear differential equation. 4. Mathematical Statistics: Random variables, probability density function, distribution of random variables. Binomial, Poisson and normal distribution, measures of location and dispersion, curve fitting. Part 3: General Economics: There will be 15 questions on each of the following sections - 1. Scope of economics and consumers theory: nature and scope of economics, types of economic systems, Utility function, cardinal and ordinal utility, indifference curve analysis, laws of demand, income and price elasticities, consumer surplus. 2. Producer’s behavior: Isoquants, average and marginal products returns to scale, cost minimization and input choice, profit maximization. Supply curve, market structure, perfect competition and monopoly market equilibrium. 3. National income accounting relationship among GNP, GDP and NNP, balance of payments. Say’s law, consumption function, investment function, demand for money. IS-LM model. 4. Economic problems and policies: Inflation, causes and cures, trade deficit and corrective measures, fiscal deficit and corrective measures, economic reforms, structural adjustment and stabilization, measurement of poverty, human development index