CUET PG 2024 Syllabus Economics

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Syllabus
for

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Note:
i. The Question Paper which will have 75 questions.
ii. All questions will be based on Subject-Specific Knowledge.
iii. All questions are compulsory.
iv. The Questions will be Bilingual (English/Hindi).

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 andproduction; 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 fixedinvestment; residential
investment and inventory investment, Multiplier and Accelerator
 Open Economy Models: Mundell and Fleming Model (IS, LM and BP curve) , Balance ofPayments,
exchange rate determination, Purchasing Power Parity
 Economic Growth: Harrod-Domra 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

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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 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; dead weight loss and distortion, efficiency and equity considerations,
tax incidence, optimal taxation.
 International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and NewTrade Theories

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