IIT JAM Economics 2025 Expected Question Paper

IIT JAM Economics 2025 Expected Question Pape r is very crucial for the students who are willing to appear for the JAM 2025. IIT JAM 2025 Economics expected question paper will help them in better preparation as they will get an idea about the type of questions that will be asked in the examination. IIT JAM is a highly competitive examination that provides a gateway to M.Sc and other postgraduate programs in India’s premier institutions. Among its various subjects, Economics (EN) has gained immense popularity due to its growing demand in academia, research, and industry. As the IIT JAM Economics 2025 approaches, aspirants must familiarize themselves with the expected question paper pattern, syllabus coverage, and sample questions to optimize their preparation.

IIT JAM 2025 was held on February 2, 2025 , for admission to master's degree programs at 22 IITs and other result-sharing institutions. The exam was held in two shifts: in the morning for Chemistry, Geology, and Mathematics, and in the afternoon for Biotechnology, Physics, Economics, and Mathematical Statistics topics.

Read on to know more about IIT JAM Economics 2025 Expected Question Paper!

IIT JAM Economics 2025 Question Paper Exam Pattern

The students must have a complete idea about the exam pattern of IIT JAM Economics paper 2025 and it consists of three sections:

Section A - Multiple Choice Questions (MCQs): 30 questions (10 one-mark and 20 two-mark questions).

Section B - Multiple Select Questions (MSQs): 10 questions (each carrying two marks).

Section C - Numerical Answer Type (NAT): 20 questions (10 one-mark and 10 two-mark questions).

Also Check: IIT JAM Economics (EN) 2025: Exam Date, Syllabus, Question Papers, Important Topics

IIT JAM Economics 2025 Question Paper Marking Scheme

The marking scheme will enable students to get an idea about the total marks and negative marks that are associated with IIT JAM 2025 exam. One can check the marking schemes as mentioned:

• The total marks for the paper are 100.
• Negative Marking: Only in Section A; 1/3rd mark is deducted for each incorrect one-mark question and 2/3rd mark for incorrect two-mark questions.
• No negative marking in Sections B and C.

Expected Syllabus Coverage for IIT JAM Economics 2025

IIT JAM Economics paper primarily tests candidates on microeconomics, macroeconomics, statistics, mathematics for economics, and Indian economy-related topics. The expected syllabus includes:

1. Microeconomics

Consumer Theory: Preference, utility functions, demand and supply, elasticity

Theory of Production and Costs: Production functions, returns to scale, cost functions

Market Structures: Perfect competition, monopoly, oligopoly, price discrimination

Game Theory: Nash equilibrium, dominant strategies

Welfare Economics: Pareto efficiency, market failures, externalities

2. Macroeconomics

National Income Accounting: GDP, GNP, NNP, methods of calculating national income

Keynesian and Classical Models: Aggregate demand and supply, IS-LM model

Monetary and Fiscal Policy: Inflation, business cycles, policy instruments

Economic Growth Models: Solow model, endogenous growth theories

3. Mathematical and Statistical Methods for Economics

Calculus: Differentiation and integration applications in economics

Linear Algebra: Matrices, determinants, eigenvalues

Probability and Distributions: Random variables, expected value, hypothesis testing

Optimization: Lagrange and Kuhn-Tucker conditions

4. Indian Economy

Economic Reforms: Liberalization, privatization, globalization

Economic Planning: Five-year plans, NITI Aayog

Banking and Financial Sector: RBI, monetary policies, financial inclusion

Poverty and Unemployment: Measurement, government schemes

Also Check: IIT JAM Economics Cutoff 2025

Expected Topic-Wise Weightage for IIT JAM Economics 2025

One of the most important things that the students must consider is expected topic wise weightage for IIT JAM Economics 2025. The topic wise weightage allows them to concentrate more on topics that are relevant for them.

IIT JAM Economics 2025 Expected Questions

1. Multiple Choice Questions (MCQs)

Sample Question 1:

Which of the following is NOT a characteristic of a perfectly competitive market? A) Free entry and exit
B) Homogeneous product
C) Price-maker behavior
D) Large number of buyers and sellers
Answer: C) Price-maker behavior

2. Multiple Select Questions (MSQs)

Sample Question 2:

Which of the following statements about GDP are correct? A) It includes the value of intermediate goods.
B) It is the total market value of all final goods and services produced within a country.
C) It includes transfer payments.
D) It can be calculated using the expenditure approach.
Answer: B and D

3. Numerical Answer Type (NAT) Questions

Sample Question 3:

If a firm’s total cost function is given by TC = 50 + 10Q + Q², find the marginal cost when Q = 5.
Answer: 20

How to Crack IIT JAM Economics 2025

IIT JAM Economics 2025 can easily be cracked by the students if they follow the below mentioned tips.

Understand Core Concepts: Focus on fundamental theories of micro and macroeconomics.

Practice Mathematical Problems : Given the importance of quantitative methods, solving calculus, statistics, and algebra problems is crucial.

Solve Previous Year Papers: Analyzing past years’ question papers helps in understanding question trends.

Use Standard Books: Refer to books like Hal R. Varian for microeconomics, Dornbusch & Fischer for macroeconomics, and Gujarati for econometrics.

Revise Regularly: Consistent revision of concepts and formulas ensures better retention.

Attempt Mock Tests: Timed practice enhances speed and accuracy.

IIT JAM Economics 2025 is expected to follow a similar pattern as previous years but may include contemporary economic developments in India. By understanding the exam structure, preparing effectively using the syllabus, and practicing various types of questions, candidates can maximize their scores and improve their chances of securing admission to top institutions. A strategic and disciplined approach is key to excelling in this competitive exam.

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