CUET Economics Syllabus: Check Direct Link, Chapter-Wise Detailed Topics

Introduction to Microeconomics

• What is microeconomics?
• Central problems

Consumer Behaviour and Demand

• Consumer's Equilibrium: meaning and the attainment of Equilibrium through Utility Approach One and two commodity cases
• Demand: Determinants and market demand, demand curve, movement along and shifts in the demand curve, demand schedule, price elasticity, measurement of price elasticity of
• Demand – percentage, the total expenditure, and geometric methods.

National Income and Related Aggregate - Basic Concepts and Measurement

• Macroeconomics: meaning
• Circular flow of income, GNP, GDP, NDP, NNP (at market price and factor cost)
• Measurement of National Income – Value Added, Income, and Expenditure methods.

Determination of Income and Employment

• Aggregate Demand, aggregate supply, and their component
• Propensity to consume and save (average and marginal)
• Meaning of involuntary unemployment and full employment
• Determination of income and employment: two sectors of model
• Concept of investment multiplier and its working
• Problems of excess and deficient Demand
• Measures to correct the excess and deficient demand availability of credit, change in government spending

Money and Banking

• Money: meaning, evolution, and functions
• Central bank: meaning and functions
• Commercial banks: meaning and functions.

Government Budget and the Economy

• Government budget – It is meaning and its components
• Objectives of government budgets
• Classification of receipts – revenue and capital; classification of expenditure – revenue and capital, plan and nonplan, and developmental and nondevelopmentals
• Balanced, surplus budget, and deficit budget: meaning and implications
• Revenue, fiscal deficit, and primary deficit: meaning and implications; measures to contain different deficits.

Balance of Payments

• Foreign exchange rate – the meaning of fixed and flexible, merits and demerits; determination through Demand and supply
• Balance of payments accounts – its meaning and components
• A brief analysis of recent exchange rate issues.

The Development Experience 1947 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, Foreign Trade problems and policies of agriculture institutional aspects and the new agricultural strategy, industry IPR 1956
• SSI – role & importance

Current challenges which are facing the Indian Economy

• Poverty: absolute and relative; A critical assessment; Main programs for poverty alleviation
• Human Capital Formation: The Role of human capital in economic development, How many people become a resource
• Rural development: Key issues: credit and marketing issues, the role of cooperatives, agricultural diversification
• Employment: Growth in the workforce participation rate in the formal sector and informal sectors; problems and policies and their changes
• Infrastructure: Meaning and its Types: Case Study, Health: Problems and Policies – A critical assessment
• Sustainable Economic Development: Effects of Economic Development on Resources and Environment, including global warming, its meaning.

Development Experience in India

• India and Pakistan
• India and China comparison with neighbours
• Issues: economic growth, sectoral development, population and other Human Development Indicators.