CUET PG Economics 2024: Exam Pattern, Syllabus & Universities

• The National Testing Agency (NTA) annually conducts CUET for various courses nationwide. 
• The CUET PG Economics is designed to allow admissions in Economics postgraduate programmes. 

The National Testing Agency conducts CUET PG Economics for students to pursue prestigious postgraduate economics programs. Are you ready? With the Common University Entrance Test (CUET), the NTA facilitates admission to economics graduates in over 250+ central and participating universities in India.  

The CUET (P.G.) Economics has become one of India’s biggest postgraduate entrance carnivals examinations for economics students. With limited seats every year, there is cut-throat competition in the CUET exam 2024, plus the syllabus for CUET (P.G.) Economics is very vast. As of 2023, nearly 9 lakh students appeared for the exam, competing for approximately 70,000 seats, further intensifying the competition. 

CUET PG 2024 Economics Exam Pattern

The National Testing Agency released the revised CUET PG Economics exam pattern 2024. The detailed exam pattern covers the detailed aspects like question paper, total number of questions, types of questions, marking schemes, number of sections, duration of the examination, negative marking, etc. 

Aspiring students are advised to understand the syllabus and exam pattern. This would give them a clear idea of what to be covered and the time to be allotted, and prepare a strategy to be followed. The table below shows essential information about the Common University Entrance Test for Postgraduate programmes in Economics 2024. 

The CUET PG Economics will be a computer-based test (CBT), consisting of 75 questions. The marking scheme and other related details are discussed in the table above. 

Syllabus for CUET (P.G.) Economics 

As the saying goes, the early bird gets the worm; candidates preparing for CUET (P.G.) Economics are advised to prepare early. The economics syllabus is strategically divided into ten core units covering macro and microeconomics in detail. The list of the topics is as follows. 

• Introduction to Microeconomics.
  • Consumer Theory or Behaviour Demand, Utility, Indifference Curve, Revealed Preference Theory, Consumer Surplus. 
  • Production theory, production function, law of variable proportions, returns to scale, cost functions, types and concepts. 
  • Price and Output determination in Market. Perfect and Imperfect Competition, General Equilibrium, Efficiency and Welfare.

• Macroeconomics:
  • 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 in India and Commercial Banks. 
  • Quantitative Theories of Money. 
  • Philip’s Curve. 
  • Monetary and Fiscal Policy of India and its role.

• 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 Vectors
  • Functions of one and several 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. 
    • Railway and Industry: Railways- the de-industrialization debate, evolution of entrepreneurial and industrial structure. Nature of industrialization in the interwar period, constraints to industrial breakthrough, labour relations. 
    • Economy and State in Imperial Context. 
    • The imperial priorities and Indian economy, drain of wealth, international trade capital. 
    • Flows and the colonial economy – changes and continuities, government and fiscal policy. 
    • New Economy 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 New Trade Theories. 

Candidates preparing for CUET PG Economics must focus extensively on the syllabus and examination pattern. It would help them get accustomed to the examination process before appearing for it. 

Preparation Strategy for CUET PG Economics

To gain admission in your dream university’s postgraduate Economics programme, you have to follow some steps to  clear the examination. Plus you must have knowledge of previous year cutoffs, and eligibility and related criteria for admissions. Following are the strategies that can help you in clearing the CUET PG Economics exam. 

Understand the Syllabus

The experts at the National Testing Agency have meticulously curated the syllabus and exam pattern for the CUET PG Economics. It highlights the topics that are significantly crucial for the candidates appearing for the exam, mainly because they lay a strong foundation for the postgraduate course. 

The students are also advised to have a strong understanding of the syllabus, as it will help both during preparation and to score higher marks in the final exam. They must thoroughly understand each unit and focus on key concepts and definitions. 

Students can go through mock tests to get more familiar with the examination. This would provide them with a comprehensive idea about their level of preparation, analyse their weaknesses and how they can overcome them. Reading newspapers and articles could help understand the applications of economic concepts as well as will be helpful in the vast Indian Economy syllabus preparation. 

Following the Examination Pattern & Performance Analysis

Before appearing for any examination, it is necessary first to understand the pattern. The table mentioned above does provide the required information about the exam pattern. With proper analysis, students know about section-wise topics, the types of questions they would face, and how to prepare for them. This approach also removes uncertainty and provides a clear guide for CUET PG Economics.

Time management is critical in clearing the examination and having a successful career. The students must develop a sense of time management. Plus, they have to remember the negative markings for wrong answers. 

Revision is one of the essential tools; the more you revise, the better the chances to clear CUET PG Economics 2024. The syllabus for the examination is vast, and covering it once is a daunting task. However, with a proper time management strategy, candidates can cover the syllabus and have ample time for revisions. Self-study is the key; make notes that can provide snippets at the last moment. 

Following these pointers in your preparation strategy, the chances of securing a seat in your dream post graduate program are enhanced. However, application of these strategies, and the success ratio depends on the level of preparation and dedication of the aspiring candidate. Hence, expert advice is highly recommended. 

Universities & Colleges Participating in CUET PG Economics 2024

Multiple universities and colleges participate in The Common University Entrance Tests, offering various postgraduate programmes in economics. Some are listed below with a brief of the programmes they provided. 

With this list, aspiring candidates can select the institute or university that aligns with their goals. It is highly advised to check your dream universities and institutions’ criteria and admission process beforehand. 
At Ecoholics, we provide comprehensive guidance and classes for clearing CUET PG Economics. We have multiple offers on our courses and test series so that you can clear the exam in 2024. Feel free to contact us and book your free consultation today