CUET Economics Syllabus 2024

Introduction to Microeconomics

• What is microeconomics?
• Central problems

Consumer Behaviour and Demand

• Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: 
• One and two commodity cases.
• Demand: market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve, price elasticity of demand, measurement of price elasticity of demand – percentage, total expenditure, and geometric methods.

National Income and Related Aggregates — Basic Concepts and Measurement

• Macroeconomics: meaning.
• Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor cost).
• Measurement of National Income –Value Added method, Income method, and Expenditure method.

Determination of Income and Employment

• Aggregate demand, aggregate supply, and their components
• Propensity to consume and propensity to save (average and marginal)
• Meaning of involuntary unemployment and full  employment
• Determination of income and employment: two-sector model
• Concept of investment multiplier and its working
• Problems of excess and deficient demand
• Measures to correct excess and deficient demand – availability of credit, change in government spending.

Money and Banking

• Money: meaning, evolution, and functions
• Central bank: meaning and functions
• Commercial banks: meaning and functions

Government Budget and the Economy

• Government budget – meaning and its components
• Objectives of government budget
• Classification of receipts – revenue and capital; classification of expenditure – revenue and
• capital, plan and non-plan, and developmental and non-developmental
• Balanced budget, surplus budget, and deficit budget: meaning and implications
• Revenue deficit, fiscal deficit, and primary deficit: meaning and implications; measures to contain different deficits.

Balance of Payments

• Foreign exchange rate – meaning (fixed and flexible), merits and demerits; determination
• through demand and supply
• Balance of payments accounts – meaning and components
• A brief analysis of recent exchange rate issues

Development Experience (1947-90) and Economic Reforms since 1991

• A brief introduction of the state of the Indian economy on the eve of independence. Indian economic system and common goals of Five year Plans.
• Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance) and foreign trade.

Current challenges facing the Indian Economy

• Poverty – absolute and relative; Main programmes for poverty alleviation: A critical
• assessment;
• Human Capital Formation – How many people become resource; Role of human capital
• in economic development;
• Rural development: Key issues – credit and marketing – role of cooperatives; agricultural
• diversification;
• Employment: Growth and changes in work force participation rate in formal and informal
• sectors; problems and policies
• Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies – A critical assessment;
• Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming

Development Experience of India

• A comparison with neighbours:
• India and Pakistan
• India and China
• Issues: economic growth, population, sectoral development and other Human Development Indicators

Introduction about Microeconomics

10 %

Consumer Behaviour and Demand

10 %

Producer Behaviour and Supply

10 %

Forms of Market and Price Determination

10 %

Simple Applications of Tools of Demand and Supply Curves

10 %

Introductory Macroeconomics

10 %

Determination of Income and Employment

10 %

Money and Banking

10 %

Government Budget and the Economy

10 %

Balance of Payments 

10 %

International Economics

Bo Soderstien And Geoffrey Reed

Intermediate Microeconomics

Hal R Varan

Mathematics For Economics 

Sydsaester & Hammonds

International Economics

Dominick Salvatore

Basic Economics

Dn Gujarati

UG Exam

Hybrid Mode (Both Pen & Pen and Computer Based Test)

13 languages (Assamese, Bengali, English, Gujarati, Hindi, Kannada, Malayalam, Marathi, Punjabi, Odia, Tamil, Telugu, and Urdu) 

MCQs

4 Sections

• 5 Marks for every right answer

• -1 Mark for every incorrect answer

• Section- IA: 200

• Section- IB: 200

• Section- II: 200

• Section- III: 300