CUET PG Economics Syllabus
Micro Economics
Macro Economics
Money and Inflation
Consumption and Investment Function
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-Domra Model,
- Solow Model
Statistical Methods in Economics
Mathematical Methods in Economics
Indian Economy
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 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 New Trade Theories