CUET Economics Syllabus 2024

Unit 1:  Macroeconomics 

• What is microeconomics?
• Central Problems 

Unit 2: 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. 

Unit 3: National Income and Related Aggregates: Basic Concepts and Measurements 

• Macroeconomics: Meaning
• Circular flow of income, concepts of GDP, GNP, NDP, NNP (At market price and factors cost). 
• Measurement of National Income – Value Added Method, Income Method and Expenditure Method 

Unit 4: Determination of Income and Employment 

• 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 it’s working 
• Problems of excess and deficient demand 
• Measures to correct excess and deficient demand- Availability of credit, change in government spending. 

Unit 5: Money and Banking 

• Central Bank: Meaning and Functions 
• Commercial Banks: Meaning and Functions 

Unit 6: Government Budget and the Economy 

• 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, measures to contain deficits. 

Unit 7: Balance of Payments 

• Balance of payment accounts- Meaning and Components 
• A brief analysis of recent exchange rate issues 

Unit 8: Development Experience (1947-90) and Economic Reforms since 1991 

Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956, SSI- Role and Importance), and foreign trade. 

Unit 9: 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 workforce 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

Unit 10: Development Experience of India 

• A comparison with neighbours 
• India and Pakistan and 
• China Issues: Economic Growth, Population, Sectoral Development and 
• Other Human Indicators 

-1 for each incorrect answer