CUET Economics Syllabus 2024: Important Chapters and Topics

Summary: It is crucial to review the CUET economics syllabus 2024 since it gives you an overview of the important topics that will appear in your CUET exam. Knowing the syllabus also helps in identifying gaps in their knowledge and focusing on areas that need more attention.

NTA has been successfully conducting the CUET exams across the country to offer admissions into 250+ universities in India. 

As the saying goes ~ The early bird gets the worm ~ this is the right time to prepare for CUET Economics Syllabus 2024. 

The article covers all 10 units of the Economics CUET syllabus.

Download CUET Economics Syllabus 2024 PDF Here

CUET 2024 Important Update: Get started with your CUET  Economics preparations and get more insights from CUET Exam Analysis. 

How many questions appear in the CUET Economics Paper? 

There will be one Question Paper which will have 50 questions out of which 40 questions need to be attempted.

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 2024 listed as follows: 

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

CUET Economics Syllabus 2024 - 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.

Check: CUET Babasaheb Bhimrao Ambedkar University Eligibility Criteria

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

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Unit V: Money and Banking

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

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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

CUET Economics Syllabus 2024 - 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

Check the CUET PG Economics syllabus on the official site of NTA.

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 2024 plays a major role in your preparation. Don't forget to go through the syllabus thoroughly.

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