CUET Economics Syllabus 2023: Important Chapters and Topics

Summary: Checking the CUET economics syllabus is important because it provides you with an overview of the topics and concepts that will be covered in the course. It also helps you plan your studies and prepare for exams. Knowing the syllabus also helps in identifying gaps in their knowledge and focusing on areas that need more attention.

An official notice was released by NTA on 15 December 2022, notifying the exam dates for CUET, JEE and NEET exams.  It released the CUET 2023 dates for the next academic year, and our experts have provided the tentative dates for CUET applications. 

With CUET 2023 to be conducted in just a few months, this is the right time to prepare for CUET Economics Syllabus 2023. 

The article covers all 10 units of CUET Economics Syllabus 2023

Download CUET Economics Syllabus Pdf Here

CUET 2023 Important Update: Did you know the CUET 2023 dates have been released? NTA issued a public notice on 15 December for CUET, NEET, and JEE Mains aspirants notifying the important CUET 2023 Exam Dates for the next academic year. Application process to begin from 1st week of February.

Economics/ Business Economics - 309 Syllabus for Class 12

Central universities in India offer programs like B.Sc, and BA in economics for students who have cleared class 12th with a minimum of 50% marks in aggregate from any recognized board.

Check the CUET Economics Syllabus 2023 listed as follows: 

Unit I: Microeconomics Overview

• What is microeconomics?
• Central difficulties

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Unit II: Consumer Conduct and Demand

• Consumer's Equilibrium: definition and achievement of equilibrium via Utility Approach: one and two commodity examples
• Demand: market demand, demand determinants, demand schedule, demand curve, movement along and shifts in the demand curve, price elasticity of demand, price elasticity of demand measurement – percentage, total spending, and geometric techniques

Introductory Macroeconomics

Unit III: National Income and Related Aggregates — Fundamental Concepts and Metrics

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

Unit IV: Income Determination and Employment

• Total demand, total supply, and their constituents
• 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 operation
• Problems of excess and deficient demand
• Measures to rectify excess and deficient demand — availability of credit, shift in government spending

Unit V: Money and Banking

• Money: Definition, history, and functions
• Functions and meaning of the central bank
• Meaning and functions of commercial banks

Unit VI: Government Budget and Economic Conditions

• Government budget – meaning and its components
• Objectives of government budget
• Classification of receipts – revenue and capital; classification of expenditures – revenue and capital, plan and non-plan, as well as developmental and non-developmental
• Meaning and implications of a balanced budget, a surplus budget, and a deficit budget
• Revenue deficit, fiscal deficit, and primary deficit: definitions and ramifications; strategies to control the various deficits

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Unit VII: Balance of Payments

• Balance of payments accounts – definition and components
• Foreign exchange rate – meaning (fixed and variable), advantages and disadvantages; determination by demand and supply
• A concise evaluation of recent exchange rate concerns

Indian Economics Development

Unit VIII: Development Experience (1947-1990) and Economic Reforms Since 1991

On the eve of independence, a quick overview of the state of the Indian economy is provided. Indian economic system and shared objectives Five-year Strategies.

Principal characteristics, issues, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI - role and significance), and international commerce.

Unit IX: Current issues confronting the Indian Economy

• Poverty – Absolute and relative poverty; Principal poverty alleviation programs: a critical evaluation;
• Human Capital Formation - Quantity of individuals who become a resource; Human capital's role in economic development;
• Rural development: Key problems - financing and marketing - cooperatives' involvement - agricultural diversification
• Employment: Growth and variations in formal and informal labour force participation; challenges and policies
• Infrastructure: Meaning and Types: Cases Studies: A critical evaluation of Health: Problems and Policies – A critical assessment;
• Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, Including Global Warming, of Sustainable Economic Development

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Unit X: Development Experience in India

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

Conclusion

This article can be a great resource to begin your CUET preparations for Economics. It can provide an overview of the topics covered in the course, as well as the objectives and learning outcomes.

CUET Economics Syllabus plays a major role in your preparation don't forget to go through the syllabud throughly.

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