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CUET Economics Syllabus 2024

16 January, 2024 By Artika Shah, IMS India

The study of Economics focuses on the creation, consumption, and transfer of wealth. Microeconomics is the study of how people and firms produce and consume goods and services while Macroeconomics focuses on inter-country trade and economic progress. Several key areas of economics have an impact on our daily lives, including inflation, taxation, interest rates, and wealth. The CUET Economics syllabus 2024 is largely focused on Macroeconomics and its subtopics, such as monetary policy, consumer behaviour, and income determination. While the official syllabus is available on the cuet.samarth.ac.in website, we’ve also included it below for your reference.

 

CUET Economics Syllabus 2024 

 

Units  Topics 

Unit 1:  Macroeconomics 

  • What is microeconomics?
  • Central Problems 

Unit 2: Consumer Behaviour and Demand 

  • Consumer’s Equilibrium: Meaning and attainment of equilibrium through Utility Approach: One and two commodity cases 
  • Demand: Market Demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve, price elasticity of demand, measurement of price elasticity of demand- Percentage, total expenditure, and geometric methods. 

Unit 3: National Income and Related Aggregates: Basic Concepts and Measurements 

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

Unit 4: Determination of Income and Employment 

Aggregate demand, aggregate supply, and their components 

  • 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 it’s working 
  • Problems of excess and deficient demand 
  • Measures to correct excess and deficient demand- Availability of credit, change in government spending. 

Unit 5: Money and Banking 

Money: Meaning, Evolution, and Functions 

  • Central Bank: Meaning and Functions 
  • Commercial Banks: Meaning and Functions 

Unit 6: Government Budget and the Economy 

Government Budget- Meaning and its components 

  • Objectives of government budget 
  • Classification of receipts- Revenue and capital, classification of expenditure- Revenue and capital, plan and non-plan, and developmental and non-developmental. 
  • Balanced budget, surplus budget, and deficit budget: Meaning and implications, measures to contain deficits. 

Unit 7: Balance of Payments 

Foreign exchange rate- Meaning (Fixed and Flexible), merits and demerits, determination through demand and supply. 

  • Balance of payment accounts- Meaning and Components 
  • A brief analysis of recent exchange rate issues 

Unit 8: Development Experience (1947-90) and Economic Reforms since 1991 

A brief introduction of the state of the Indian Economy on the eve of independence. Indian Economic System and common goals of Five-year plans. 

Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956, SSI- Role and Importance), and foreign trade. 

Unit 9: Current challenges facing the Indian Economy

  • Poverty- Absolute and Relative, Main programmes for Poverty alleviation: A critical Assessment; 
  • Human Capital Formation- How many people become resource; Role of human capital in economic development 
  • Rural Development: Key Issues- Credit and Marketing- Role of cooperatives; agricultural diversification. 
  • Employment: Growth and changes in workforce participation rate in formal and informal sectors; problems and policies
  • Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies – A critical assessment;
  • Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming

Unit 10: Development Experience of India 

  • A comparison with neighbours 
  • India and Pakistan and 
  • China Issues: Economic Growth, Population, Sectoral Development and 
  • Other Human Indicators 

CUET Economics 2024 Exam Pattern 

 

The below table will help you know more about the CUET Economics Exam Pattern: 

 

Particulars  Details 
Status of CUET Economics Syllabus Released
CUET Exam Conducting Body National Testing Agency (NTA)
Medium of Exam 13 languages – English, Hindi, Urdu, Assamese, Bengali, Odia, Punjabi, Gujarati, Marathi, Tamil, Telugu, Kannada, Malayalam
Number of questions 40 out of 50 questions to be attempted
Type of questions Multiple Choice Questions
Marking Scheme +5 for each correct answer

-1 for each incorrect answer

CUET Economics Mapping for Courses B.A Hons. In Economics

 

Conclusion: 

The National Testing Agency issues the CUET Economics Syllabus for CUET 2024. The aspirants can view the syllabus for CUET Economics from the CUET official website cuet.samarth.ac.in. Candidates intending to pursue higher education in Economics should review the CUET Economics Syllabus thoroughly before beginning the preparation process for CUET. 

 

FAQs related to CUET Syllabus for Economics 

 

1. In the CUET Economics Syllabus 2024, how many units are there?


    There will be ten units in the CUET syllabus for Economics. 

 

2.  How can I get the CUET Economics Syllabus 2024 pdf online? 

     The candidates can download the CUET Economics Syllabus pdf by visiting
the official website. 

 

3.  What are the full marks for the Economics section of the CUET? 

     The maximum marks for the economics section in CUET is 200. 

 

4. What is the syllabus of Economics for CUET? 

    The CUET Economics syllabus comprises 10 units: Introduction to Microeconomics,

     Consumer Behaviour and Demand Nationa Income and related aggregates- Basic Concepts & Measurement Determination of Income & Employment Money & Banking Government Budget and Economy Balances of Payments Development and more. 

 

5. How do I prepare for CUET Economics 2024? 

    For CUET Economics 2024, candidates can review the NCERT textbooks 

    and other books to cover important topics while also preparing from CUET’s previous 

    question papers.