Preparing for the IIT JAM Economics exam requires not just conceptual clarity but also the right study resources. Whether you’re starting from scratch or revising intensively, choosing the best IIT JAM Economics books for each subject is a critical step toward scoring high. This guide brings you a curated list of the most recommended books for Microeconomics, Macroeconomics, Statistics, Econometrics, Mathematical Economics, and Indian Economy—all aligned with the latest IIT JAM Economics syllabus.
Many aspirants struggle to find quality books that match the exam pattern and depth of questions asked in IIT JAM Economics. In this post, we share expert-recommended titles that help build conceptual strength, cover essential formulas, and provide practice problems suited to the IIT JAM Economics preparation strategy.
We are proving this best booklist as per the IIT JAM Economics Syllabus topics.
Note: To secure top-rank in IIT JAM Economics exam, you need NOT read all books listed below cover to cover. Rather, you need to cover only those chapters which contain the topics listed in the official Syllabus.
Microeconomics Books for IIT JAM Economics
- Hal Varian (2010): Intermediate Microeconomics: A Modern Approach, 8th edition, Affiliated East West Press (India)
- Microeconomics by Pindyck and Rubinfield
- H.L. Ahuja, Advanced Economic Theory: Microeconomic Analysis, latest edition, S.Chand & Company, New Delhi
- Public Economics in Theory and Practice by Musgrave and Musgrave
- For Game Theory: Martin J. Osborne (2012): An Introduction to Game Theory, Oxford University Press
Macroeconomics Bookslist
- Rudiger Dornbusch, Stanley Fischer and Richard Startz (2018), Macroeconomics, 12th Edition, McGraw Hill
- Richard Froyen (2013), Macroeconomics: Theories & Policies, 10th edition, Pearson Education (India)
- Mankiw, N. (2016). Macroeconomics, 9th edition
- A.P. Thirlwall (2011), Economics of Development, 9th Edition, Palgrave Macmillan
- D. Salvatore (2014), International Economics, 11th edition, Wiley (Asia)
Statistical Methods Booklist
- Jay L. Devore (2010), Probability and Statistics for Engineers, Cengage
Learning - Miller and Miller (2013), John E. Freunds’s Mathematical Statistics, 8th Edition
- Only For Practising Questions: S.C. Gupta, Fundamentals of Statistics, latest edition
Econometrics Booklist
- D. N. Gujarati, D.C. Porter and Manoranjan Pal, Basic Econometrics, 6th
edition, McGraw Hill, 2021 Indian edition.
Mathematical Methods in Economics Booklist
- K. Sydsaeter and P. Hammond: Mathematics for Economic Analysis, Pearson
Educational Asia: Delhi (2002) - Alpha C. Chiang and Kevin Wainwright (2017), Fundamental Methods of
Mathematical Economics, 4th Edition, McGraw Hill Education
Indian Economy Booklist
- Indian Economy since Independence by Uma Kapila
- Economy Survey
- Union Budget
- Economic History of India 1857-1947 by Tirthankar Roy
Frequently Asked Questions IIT JAM Economics Booklist
Testonomics has listed so many IIT JAM Economics books. Do I have to read all of them in entirety?
No. You do not need to read all these books from cover to cover. Go through only the relevant Chapters from each book. It is possible that from some books, you may need to prepare only a single Chapter or a single topic.
Ultimately, you need to prepare all topics listed in IIT JAM Economics Syllabus. You need to prepare all these topics. For each topic, we want to refer to the best IIT JAM Economics books.
Since I do not want to read so many books, will it be okay if I rely just on my IIT JAM Economics coaching notes ?
No matter where you are enrolled for coaching, be it at Testonomics IIT JAM Economics coaching or at any other coaching, every serious IIT JAM Economics aspirant SHOULD READ TEXTBOOKS.
Remember, in any coaching, 100 students may be enrolled. However, not all 100 can get selected in any particular year. Only candidates who exert individual efforts can expect to do well in IIT JAM Economics Exam. Hence, every serious candidate must be prepared to go through original books.
