CUET Economics Syllabus 2027: Check Detailed Syllabus Topics

Unit

Theme / Main Topic

Detailed Topics Covered

Unit I

Microeconomics Overview

• Meaning and scope of Microeconomics

• Importance of Microeconomics

• Difference between Microeconomics and Macroeconomics

• What to produce?

• How to produce?

• For whom to produce?

• Concept of Production Possibility Curve (PPC)

• Assumptions of PPC

• Opportunity Cost

• Increasing opportunity cost

• Production possibility frontier and efficient utilization of resources

Unit II

Consumer Behaviour and Demand

• Meaning of Consumer's Equilibrium

• Utility Approach

• Law of Diminishing Marginal Utility

• Equilibrium in one-commodity case

• Equilibrium in two-commodity case

• Meaning of demand

• Individual demand and market demand

• Determinants of demand

• Demand schedule

• Demand curve

• Movement along the demand curve (Expansion and Contraction of Demand)

• Shift in demand curve (Increase and Decrease in Demand)

• Meaning and types of elasticity of demand

• Percentage method

• Total Expenditure (Outlay) method

• Geometric method

• Factors affecting elasticity of demand

Unit III

Producer Behaviour and Supply

• Meaning of production function

• Returns to a factor (Law of Variable Proportions)

• Returns to scale

• Meaning of supply

• Individual supply and market supply

• Determinants of supply

• Supply schedule

• Supply curve

• Movement along the supply curve (Expansion and Contraction of Supply

)• Shift in supply curve (Increase and Decrease in Supply)

• Meaning of price elasticity of supply

• Percentage method

• Geometric method

• Factors affecting elasticity of supply

• Meaning of cost

• Fixed cost (FC)

• Variable cost (VC)

• Total Cost (TC)

• Average Cost (AC)

• Marginal Cost (MC)

• Short-run cost curves

• Total Revenue (TR)

• Aver

Unit

Theme / Main Topic

Detailed Topics Covered

Unit I

National Income and Related Aggregates – Fundamental Concepts and Metrics

• Meaning and scope of Macroeconomics

• Difference between Microeconomics and Macroeconomics

• Meaning of circular flow of income

• Two-sector circular flow model

• Flow of goods, services, and money

• Gross Domestic Product (GDP

)• Gross National Product (GNP)

• Net Domestic Product (NDP)

• Net National Product (NNP)

• Market Price (MP) and Factor Cost (FC)

• National Disposable Income (Gross & Net)

• Private Income

• Personal Income

• Personal Disposable Income

• Value Added (Product) Method

• Income Method

• Expenditure Method

• Precautions and limitations in measuring National Income

Unit II

Income Determination and Employment

• Total Demand (Aggregate Demand)

• Components of Aggregate Demand

• Total Supply (Aggregate Supply)

• Components of Aggregate Supply

• Propensity to Consume (Average & Marginal)

• Propensity to Save (Average & Marginal)

• Relationship between consumption and saving

• Meaning of involuntary unemployment

• Meaning of full employment

• Two-sector model

• Equilibrium level of income and employment

• Meaning of investment multiplier

• Working (operation) of the multiplier

• Importance of multiplier

• Excess demand

• Deficient demand

• Inflationary gap and deflationary gap

• Monetary measures (availability of credit)

• Fiscal measures (government expenditure)

• Measures to correct excess and deficient demand

Unit III

Money and Banking

• Meaning of money

• Evolution of money

• Functions of money

• Meaning of Central Bank

• Functions of the Central Bank (RBI)

• Meaning of Commercial Banks

• Functions of Commercial Banks

• Recent reforms in the Indian Banking System

• Privatisation of banks

• Modernisation and technological developments

• Current issues in Indian banking

Unit IV

Government Budget and Economy

• Meaning of Government Budget

• Components of Government Budget

• Allocation of resources

• Redistribution of income

• Economic stability

• Economic growth

• Revenue Receipts

• Capital Receipts

• Revenue Expenditure

• Capital Expenditure

• Plan & Non-Plan Expenditure

• Developmental & Non-Developmental Expenditure

• Balanced Budget

• Surplus Budget

• Deficit Budget

• Meaning and implications of each

• Revenue Deficit

• Fiscal Deficit

• Primary Deficit

• Meaning, implications, and measures to reduce deficits

• Downsizing the role of government

• Meaning and implications

Unit V

Balance of Payments

• Meaning of Balance of Payments

• Components of Balance of Payments Account (Current Account & Capital Account)

• Meaning of Foreign Exchange Rate

• Fixed Exchange Rate

• Flexible (Floating) Exchange Rate

• Advantages and disadvantages of each system

• Demand and supply approach to exchange rate determination

• Overview of recent exchange rate concerns

• Factors affecting exchange rate fluctuations

Do's  

Don'ts

Break down the syllabus into smaller, manageable sections.

Don't try to cover the entire CUET Economics syllabus in a short period. Consistency helps in retaining information.

Utilise NCERT textbooks as your primary resource.

Don't solely rely on NCERTs. Use additional resources, such as reference books and online lectures, for practice questions.

Revise your notes regularly.

Don't leave revision to the last minute. Allocate time for revision throughout your preparation.

Seek help from teachers and mentors if you face difficulty understanding any concept.

Don't hesitate to clarify any doubts that appear.