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CUET PG Economics 2025
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SYLLABUS
ArthaPoint - CUET PG Economics
Microeconomics
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Consumer Theory or Behaviour: Demand, Utility, Indifference Curve, Revealed Preference Theory, Consumer Surplus
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Production Theory: Production Function, Law of Variable Proportions, Returns to Scale, Cost Function, types and concepts
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Price and Output determination in Market: Perfect and Imperfect Competition (Monopoly, Price Discrimination, Monopolistic, Duopoly and Oligopoly models) General Equilibrium, Efficiency and Welfare: Equilibrium and efficiency under pure exchange and production; overall efficiency and welfare economics, externality
Macroeconomics
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National Income Accounting
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Income and Output Determination: Aggregate Demand and Aggregate Supply, Effective Demand Principle, Classical and Keynesian Theory
Statistics
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Mean, Mode, Median, Dispersion, Skewness, Quartile Deviation, Average Deviation, Standard Deviation
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Correlation
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Simple Regression Model Probability Distribution Sampling
Mathematical Methods in Economics
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Sets and Vector
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Functions of one and several real variable Single and Multi variable optimization Integration of functions
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Difference equations
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Determinants Matrix
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Linear Programming Probability
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Differential Equations
Indian Economy
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Macro Trends: National Income; population; occupational structure.
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Agriculture: Agrarian structure and land relations; agricultural markets and institutions – credit, commerce and technology; trends in performance and productivity; famines. Railways and Industry: Railways; the de-industrialisation debate; evolution of entrepreneurial and industrial structure; nature of industrialisation in the interwar period; constraints to industrial breakthrough; labour relations.
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Economy and State in the Imperial Context
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The imperial priorities and the Indian economy; drain of wealth; international trade, capital
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Flows and the colonial economy – changes and continuities; government and fiscal policy.
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New Economic Policy
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Public Economics: Public and Private Goods, Externalities, Budget, Deficits, Public Debt, Fiscal Federalism in India,
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Taxation: its economic effects; dead weight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation.
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International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and New Trade Theories
Money and Inflation
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Demand and Supply of Money, Money Multiplier and High Powered Money, Credit Creation, Role of Reserve Bank of India and Commercial Banks, Quantitative Theories of Money, Philip’s Curve
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Monetary and Fiscal Policy of India and its role
Consumption and Investment Function
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Permanent, Relative and Life Cycle Hypothesis, determinants of business fixed investment; residential investment and inventory investment, Multiplier and Accelerator
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Open Economy Models: Mundell and Fleming Model (IS, LM and BP curve) , Balance of Payments, exchange rate determination, Purchasing Power Parity
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Economic Growth: Harrod-Domar Model, Solow Model
CUET PG Economics
The Ministry of Education, Government of India (GOI) established National Testing Agency or popularly known as NTA with aim to create an organization which is independent, and autonomous for conducting efficient, transparent and international standards examinations in India. The standard of tests aims to assess the aspirant’s competency for admissions into some of the top education institutions.
Every year NTA conducts the Central University Entrance Test (CUET) for Post-Graduate (PG) programmes. CUET exam is conducted for admission to different programmes of the participating Central Universities like JNU, Banaras Hindu University, Galgotias University, K.R. Mangalam University, Bennett University, Greater Noida, Manav Rachna University, Faridabad, Babasaheb Bhimrao Ambedkar University, Dr. B.R. Ambedkar University, Delhi will provide a single window opportunity to the students to seek admission in these participating Universities / Institute(s) across the country.