Content Writer | Updated On - Jul 21, 2024
CUET PG Economics Syllabus 2024: The National Testing Agency (NTA) has shared CUET PG Economics syllabus 2024. This is important for students getting ready for the CUET PG 2024 Exam. The official notice explains the complete updated Economics syllabus. CUET PG Economics syllabus 2024 includes topics like Micro Economics, Macro Economics, Money Inflation, Consumption and Investment, etc Successfully passing CUET PG 2024 unlocks numerous opportunities in the field of economics for students.
The updated CUET PG Economics syllabus pdf released by NTA is provided here. CUET PG Economics questions will be framed based on the new pattern of CUET PG 2024 exam.
The preparation should begin as per the prescribed syllabus. Last year, the Economics questions were moderately difficult with a major focus on Indian Economy, Money and inflation, Micro/ Macro- Economics and Mathematical methods in economics.
With the release of CUET PG application form, NTA also released the new CUET PG Exam Paterrn 2024. This year, you will get 75 questions that should be completed within 105 minutes. Previously, there were 100 questions to be answered in 2 hours. Along with this, NTA has also removed the General Test which was previously compulsory for all.
Ques. How to get ready for CUET PG Economics?
Ans. Aspiring candidates for the CUET PG Economics exam should engage in a mock test series to identify gaps in their preparation. Referring to CUET PG Previous Year Question Papers will provide candidates with a clearer understanding of the question paper format.
Ques. Is mathematics necessary for CUET PG Economics?
Ans. Yes, students who have studied Applied Mathematics in Class XII have the option to choose Mathematics as a Domain-Specific Subject in CUET PG. This allows them to apply for programs like BMS, BA (H) in Business Economics, and BBA (FIA) at the University of Delhi.
Ques. Is economics considered easy in the CUET PG exam?
Ans. Candidates will face various tests, and CUET PG Economics is one of the challenging and intriguing academic domains that may be part of the exam. The preparation for the CUET PG Economics exam adheres to a standard curriculum based on the National Council of Educational Resources (NCERT).
CUET PG Economics Syllabus 2024 (COQP10)
The CUET PG Economics question paper consists of a total of 75 questions. To understand the detailed syllabus for CUET PG Economics, candidates can refer to the topics below.
Micro Economics
- Consumer Theory or Behavior: Demand, Utility, Indifference Curve, Revealed Preference Theory, Consumer Surplus
- Production Theory: Production Function, Law of Variable Proportions, Returns to Scale, Cost Function, types and concepts
- Price and Output Determination in Market: Perfect and Imperfect Competition(Monopoly, Price Discrimination, Monopolistic, Duopoly, and Oligopoly models) General Equilibrium, Efficiency, and Welfare: Equilibrium and efficiency under pure exchange and production; overall efficiency and welfare economics, externality
Macro Economics
- National Income Accounting
- Income and Output Determination: Aggregate Demand and Aggregate Supply, Effective Demand Principle, Classical and Keynesian Theory
Money and Inflation
- Demand and Supply of Money, Money Multiplier and High-Powered Money, Credit Creation, Role of Reserve Bank of India and Commercial Banks, Quantitative Theories of Money, Philip’s Curve
- Monetary and Fiscal Policy of India and its role.
Consumption and Investment Function
- Permanent, Relative, and Life Cycle Hypothesis, determinants of business fixed investment; residential investment and inventory investment, Multiplier and Accelerator
- Open Economy Models: Mundell and Fleming Model (IS, LM, and BP curve), Balance of Payments, exchange rate determination, Purchasing Power Parity
- Economic Growth: Harrod-Domar Model, Solow Model
Statistical Methods in Economics
- Mean, Mode, Median, Dispersion, Skewness, Quartile Deviation, Average Deviation, Standard Deviation
- Correlation
- Simple Regression Model Probability Distribution Sampling
Mathematical Methods in Economics
- Sets and Vector
- Functions of one and several real variables Single and Multi-variable optimization Integration of functions
- Difference equations
- Determinants Matrix
- Linear Programming Probability
- Differential Equations
Indian Economy
Overview of the colonial economy:
- Macro Trends: National Income; population; occupational structure.
- Agriculture: Agrarian structure and land relations; agricultural markets and institutions – credit, commerce, and technology; trends in performance and productivity; famines.
- Railways and Industry: Railways; the de-industrialization debate; evolution of entrepreneurial and industrial structure; nature of industrialization in the interwar period; constraints to industrial breakthrough; labor relations.
- Economy and State in the Imperial Context
- The imperial priorities and the Indian economy; drain of wealth; international trade, capital
- Flows and the colonial economy – changes and continuities; government and fiscal policy.
New Economic Policy
- Public Economics: Public and Private Goods, Externalities, Budget, Deficits, Public Debt, Fiscal Federalism in India
- Taxation: its economic effects; deadweight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation.
- International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and NewTrade Theories
CUET PG Economics Books 2024
Check out CUET PG Economics study material provided below. These books will brush up your fundamental concepts including the advanced ones too.
| Books for CUET Preparation 2024 | Author |
|---|---|
| Economics | Lipsey R. and A Crystal |
| Fundamental Methods of Mathematical Economics | Chiang A.C. and K. Wainwright |
| Indian Economy: Performance & Policies | Uma, Kapila |
| International Economics | Dominick Salvatore |
| International Economics | Bo Soderstien and Geoffrey Reed |
| Methodology and Perspectives of Social Science | Abhijit Kundu |
Preparation Tips for CUET PG Economics 2024
To prepare for the CUET PG 2024 entrance exam in Economics, a well-organized plan is essential for success. These strategies will help familiarize you with the exam and improve your performance:
- Understand Your Syllabus: Know the CUET PG 2024 Economics syllabus. Dive into the specified topics, prioritize key areas, and study them in-depth.
- Learn the Exam Pattern: Get familiar with the updated CUET PG 2024 exam pattern. This understanding will give insights into section-wise topics and question types, reducing uncertainty and boosting confidence.
- Manage Your Time: Time management is crucial; you have only 105 minutes for 75 questions. Practice with mock tests to refine your time management skills and avoid spending too much time on unfamiliar questions.
- Evaluate Your Performance: Assess your progress by solving previous year's test papers and CUET PG mock test questions. Identifying your strong points and areas that require improvement through practice tests assists in concentrating on areas that need enhancement. This approach allows you to monitor your progress and compare your current performance with your previous efforts.
- 5. Revise: As the examination approaches, revision becomes crucial for students. The more a student revisits specific topics from the CUET PG Economics syllabus, the more proficient they become. Creating individual notes during study sessions is essential for last-minute revision. Students should make sure to revisit all topics multiple times to perform well in the exam. It's crucial to revise all subjects to avoid missing any important topics repeatedly.
CUET PG Economics Exam Pattern 2024
Candidates can refer to the table below to understand the exam structure for CUET PG Economics.
| Particulars | Details |
|---|---|
| Status of CUET Economics Syllabus | Released |
| CUET Exam Conducting Body | National Testing Agency (NTA) |
| Medium of Exam | Hindi/English |
| Number of questions | 75 |
| Total Duration | 105 minutes |
| Type of questions | Multiple Choice Questions |
| Marking Scheme | +5 for each correct answer -1 for each incorrect answer |
CUET PG Economics Question Papers
Previous years' question papers for the CUET PG Economics exam are as follows:
CUET PG 2023 Economics Question Paper
The CUET PG Economics exam was conducted in two shifts on two different days. The question paper of all the shifts are mentioned below
| Subject | Medium | Date | Shift | Question Paper |
|---|---|---|---|---|
| Economics | English | June 6, 2023 | 1 | Check Here |
| Economics | Hindi | June 6, 2023 | 1 | Check Here |
| Economics | English | June 25, 2023 | 2 | Check Here |
| Economics | Hindi | June 25, 2023 | 2 | Check Here |
CUET PG 2022 Economics Question Paper
The CUET PG economics question paper for the year 2022 is as follows:| Economics | Download |
|---|
Factors to consider before choosing the Reference Books for CUET PG Economics 2024
When choosing reference books for the 2024 CUET PG Economics exam, you can consider the following factors:
- Syllabus and exam pattern: Look for books that include the latest syllabus and exam pattern, as well as questions from previous years' exams.
- Practice material: Choose books that suit your learning style and provide practice material.
- Previous year papers: Look for books that include previous year's papers and sample papers. You can use these to identify areas of weakness and improve your time management skills.
- Recommendations: Consider recommendations from professors and other students.
CUET PG Economics Syllabus 2024 FAQs
Ques. What does the CUET PG exam for MA Economics entail?
Ans. CUET PG Economics Exam paper focuses only on the domain specific part.As per the new pattern, CUET PG Economics question paper will have 70 questions that should be answered within 105 minutes.
Ques. What does the CUET PG Economics syllabus 2024 include?
Ans. The CUET economics syllabus for 2024 encompasses topics such as Introduction to Microeconomics, Consumer Behaviour and Demand, Money and Banking, and more. It covers subjects previously studied by candidates in their board exams.
Ques. Who can apply for CUET PG Economics?
Ans. There is no age limit for the CUET-PG MA entrance exam. Candidates planning to take the exam should have a bachelor's degree or its equivalent in the relevant program. For detailed information about the exam, candidates are recommended to visit the University website.
Ques. Does economics involve a lot of math?
Ans. While math and statistics play a role in economics, at the undergraduate level, the emphasis on these subjects is not overwhelming. Economics majors typically need to complete one statistics course and one math course, often an introductory calculus course.
Ques. How many questions are in CUET PG Economics?
Ans. The CUET Economics question paper consists of a total of 75 questions.
Ques. How difficult is CUET economics?
Ans. The difficulty level of the CUET PG Economics exam is considered moderate for an average student. The exam can be highly challenging for those who need to be adequately prepared or have yet to review the courses and topics thoroughly. The level of preparation and the extent of review are the determining factors for the difficulty experienced by students in the exam.
Ques. What is considered a good score in CUET PG?
Ans. A score of 650 and above is generally considered good in CUET PG. An excellent score falls in the range of 650 to 700 and 700 or above in the CUET exam.
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.
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