CUET, which was formerly known as CUCET, is an exam for all students who have graduated from the 12th grade. You are going to get the chance to enroll in the program of your choice at one of the nation's most prestigious educational institutions as a result of this opportunity.

Students have improved their ability to concentrate and focus their preparation on a more targeted approach to the curriculum due to this structure of centralizing the admission test for all of the main colleges.

On the official website of CUET, the topic-by-subject syllabi for each and every subject that was recruited have already been released. Economics is only one of the numerous topics covered in section II (domain-specific), which has a long range of topics.

Download Free Study Material for NTA CUET Exam 2022 by Super Grads

Economics is defined as the study of the production and consumption of products and the accumulation and distribution of services.

This topic has already attracted many students due to the advanced scope and opportunity it gives to the student and the rich diversity that is included in the CUET Course Syllabus.

The organization in charge of administering the test, which goes by the acronym NTA and is also known as the National Testing Agency, has disclosed that the test would be given in online CBT (Computer Based Test) format.

Students are strongly encouraged to verify and carefully go through the Economics curriculum that is required for CUET, bearing all of this information in mind. 

Economics/ Business Economics - 309 Syllabus for Class 12

Unit I: Microeconomics Overview

• What is microeconomics?
• Central difficulties

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

Check: SuperGrads CUET Scholarship Test

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

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 ECONOMIC 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 labor 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

Check: NTA CUET Exam Dates 2022

Unit X: Development Experience in India

A comparison with neighbors

India and Pakistan

India and China

Topics: economic growth, population, sectoral development, and additional Human Development Indicators

Essential information regarding the Economics test for CUET:

In light of the fact that we have just finished going through the course outline for CUET's computer science program in great depth, let's now take a quick look at a few key pieces of information pertaining to the test:

The CUET 2022 examination is broken up into three sections: 

• Section 1, Section II, and Section III. Section 1 is further subdivided into two parts: 1A and 1B.
• There will be one question paper with a total of 50 questions; candidates only need to answer 40 of these questions during the exam.
• This time around, the exam will be computer-based testing (CBT), and it will last for a total of forty-five minutes.

The students need to pay careful attention to their studying and make certain that they are well prepared for the test when it arrives.

But how should one study for the CUET in Economics?

The aforementioned problem is something that the article would want to discuss at this time.

Clarity, consistency, and concentration are the three most crucial aspects to focus on when studying economics for the CUET, which will be given in 2022.

The clarity in the course material, consistency in your efforts, and concentration on achieving your objective in the long run, are all essential.

If you are able to keep them up, then you have better qualified yourself to be a candidate who deserves to be considered.

Keeping in mind these three C's, you need to develop a preparational approach that will be the most effective for you and provide favorable outcomes.

An engaging and efficient plan or strategy is of the utmost importance to address the question of how to prepare for the CUET in Economics.

Guidelines for Studying the CUET PG 2022 Economics 

If you are taking the entrance test for CUET PG 2022, you need to pay close attention to the preparation recommendations to do well in the exam.

Before the time for the actual examination comes around, it would be helpful for the students to get used to the full examination method.

Below you will find a list that highlights some of the more CUET preparation suggestions.

Familiarity with the Course Curriculum

The course outline for CUET PG 2022 Economics covers the most important aspects of the material that each student must review in order to pass the entrance exam.

In order for the students to perform well on the test, they need to have a comprehensive comprehension of the curriculum.

You conduct in-depth research on each of the subjects outlined in the course outline.

When the students are going through the course outline, they must underline the most significant subjects and arrange their readings appropriately.

Observe the Suggested Schedule

A better exam score may be ensured by thoroughly grasping the exam format.

If the students follow the test CUET Exam Pattern, they will understand the section-wise themes and sorts of questions they may be asked throughout the examination. This will give them an advantage over their competition.

In addition to this, it would make the questions a little less mysterious. As a result, it is necessary for the students to prepare themselves using the test paper pattern that has been given by NTA.

Exercise effective management of your time

You must perform effective time management.

You are expected to learn how to manage your time effectively by completing as many practice examinations as possible.

In addition, students need to be aware that they have just one hour and twenty minutes to answer one hundred questions. It is imperative that you answer all of the questions within the allotted time frame since under no circumstances will you be given more time to complete the test.

You need to learn how to manage your time effectively and should avoid wasting it by answering questions they cannot possibly answer correctly.

Examination of Performance

You are required to complete test papers from prior years and practice questions to evaluate their readiness for the exam and improve their performance. One is able to determine their strong and weak regions, as well as progress in accordance with those areas, by practicing more and more sample exam papers.

With the assistance of this methodology, the pupils are able to evaluate their overall progress.

By working through an increasing number of question papers, an individual is able to examine their own performance in the past and compare it to their performance in the present.

Revising

When someone reviews a certain section of the CUET PG Informatics curriculum, they will get more knowledgeable in that subject area the more they study it.

While studying, the students are responsible for preparing their own unique notes so that they can review everything right up to the end.

For you to have a successful performance on the test, they need to review all of the material.

They have to make sure that they go back over all of the material several times and make sure that they don't leave out any of the crucial themes in the process. 

Economics Eligibility Criteria for the CUET in 2022

Before submitting a CUET Application, students who are studying for the CUET 2022 should first ensure that they meet the prerequisites outlined by the participating universities.

The following is a list of all of the thorough eligibility criteria for the CUET in Chemistry that each university has to offer:

You are required to have passed the class 12 exam administered by a recognized university or board or its equivalent.

The minimal percentage of marks that must be gained in Class 12 to meet eligibility rules varies from institution to university, and this applies to all applicant groups.

There are certain educational institutions that cap the ages of their pupils.

You will be able to check if they meet the eligibility conditions by going to the official website.

Additionally, there are specific prerequisites that must be met in order to be eligible for classes in the 12th grade.

The university and program to which you are applying will decide the specific eligibility requirements that must be met on your behalf.