IIT JAM Economics case studies
IIT JAM Economics · Put your knowledge to work in context.
JAM (Joint Admission Test for Masters) is a national entrance examination organised for admission to postgraduate masters' programmes at the Indian Institutes of Technology. The 2025 edition is organised by the Indian Institute of Technology Delhi, with the examination held on 2 February 2025 (Sunday) in two sessions. Candidates apply and manage everything - application editing, admit card, results and admission choices - through the JOAPS portal. A mock test for all test papers is published on the official JAM 2025 website, which is the best way to see the interface and question style before exam day. The IIT JAM Economics case studies are 5 cases and about 3,602 words.
1Tax Incidence in the Northport Rental Market
Northport has 10,000 rented apartments. The city council imposes a levy of ₹1,000 per apartment per month, legally payable by landlords.
702 words, about 4 min2Cash Versus an Inframarginal Food Voucher
A household has a monthly income of 100 units. Food F costs 1 per unit and other goods O cost 1 per unit.
692 words, about 3 min3Returns to Schooling: OLS, Ability Bias and Twin Estimates
A labour economist uses a cross-section of 2,000 urban workers to estimate ln(monthly wage) = α + β years of schooling + γ experience + ε. OLS gives β̂ = 0.09 with a standard error of 0.01.
703 words, about 4 min4Fiscal Policy at the Zero Lower Bound
An economy has potential output Y = 1,000. Aggregate demand is summarized by IS: Y = 880 + 2G - 4,000r, where G is government spending and r is the real policy rate in decimal form.
706 words, about 4 min5Emissions Trading Versus a Uniform Standard Under Cost Uncertainty
Two cement plants each emit 100 units of CO2. The regulator wants total emissions capped at 120, so 80 units of abatement are required.
799 words, about 4 min