Part I: Teaching Aptitude



Part II: Research Aptitude



Part III: Reading Comprehension



Part IV: Communication



Part V: Reasoning (including Maths)



Part VI: Logical Reasoning



Part VII: Data Interpretation



Part VIII: Information & Communication Technology (ICT)



Part IX: People & Environment



Part X: Higher Education System: Governance, Polity & Administration







UGC NET Syllabus For Economics Paper-II 2022 for English Medium.

Unit-1: Micro Economics

·        Theory of Consumer Behaviour

·        Theory of Production and Costs

·        Decision making under uncertainty Attitude towards Risk

·        Game Theory – Non-Cooperative games

·        Market Structures, competitive and non-competitive equilibria, and their efficiency properties

·        Factor Pricing

·        General Equilibrium Analysis

·        Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization

·        Welfare Economics: Fundamental Theorems, Social Welfare Function

·        Asymmetric Information: Adverse Selection and Moral Hazard

Unit-2: Macro Economics

·        National Income: Concepts and Measurement

·        Determination of output and employment: Classical & Keynesian Approach

·        Consumption Function

·        Investment Function

·        Multiplier and Accelerator

·        Demand for Money

·        Supply of Money

·        IS-LM Model Approach

·        Inflation and Phillips Curve Analysis

·        Business Cycles

·        Monetary and Fiscal Policy

·        Rational Expectation Hypothesis and its critique

Unit- 3: Statistics and Econometrics

·        Probability Theory: Concepts of probability, Distributions, Moments, Central Limit theorem

·        Descriptive Statistics – Measures of Central tendency & dispersions, Correlation, Index Numbers

·        Sampling methods & Sampling Distribution

·        Statistical Inferences, Hypothesis testing

·        Linear Regression Models and their properties – BLUE

·        Identification Problem

·        Simultaneous Equation Models – recursive and non-recursive

·        Discrete choice models

·        Time Series Analysis

Unit-4: Mathematical Economics

·        Sets, functions and continuity, sequence, series

·        Differential Calculus and its Applications

·        Linear Algebra – Matrices, Vector Spaces

·        Static Optimization Problems and their applications

·        Input-Output Model, Linear Programming

·        Difference and Differential equations with applications

Unit-5: International Economics

·        International Trade: Basic concepts and analytical tools

·        Theories of International Trade

·        International Trade under imperfect competition

·        Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms

·        Exchange Rate: Concepts and Theories

·        Foreign Exchange Market and Arbitrage

·        Gains from Trade, Terms of Trade, Trade Multiplier

·        Tariff and Non-Tariff Barriers to trade; Dumping

·        GATT, WTO and Regional Trade Blocks; Trade Policy Issues

·        IMF & World Bank

Unit-6: Public Economics

·        Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality

·        Regulation of Market – Collusion and Consumers’ Welfare

·        Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation

·        Public expenditure

·        Public Debt and its management

·        Public Budget and Budget Multiplier

·        Fiscal Policy and its implications

Unit-7: Money and Banking

·        Components of Money Supply

·        Central Bank

·        Commercial Banking

·        Instruments and Working of Monetary Policy

·        Non-banking Financial Institutions

·        Capital Market and it’s Regulation

Unit-8: Growth and Development Economics

·        Economic Growth and Economic Development

·        Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.

·        Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor

·        Technical progress – Disembodied & embodied; endogenous growth

·        Indicators of Economic Development: PQLI, HDI, SDGs

·        Poverty and Inequalities – Concepts and Measurement

·        Social Sector Development: Health, Education, Gender

Unit-9: Environmental Economics and Demography

·        Environment as a Public Good

·        Market Failure

·        Coase Theorem

·        Cost-Benefit Analysis and Compensation Criteria

·        Valuation of Environmental Goods

·        Theories of Population

·        Concepts and Measures: Fertility, Morbidity, Mortality

·        Age Structure, Demographic Dividend

·        Life Table

·        Migration

Unit-10: Indian Economy

·        Economic Growth in India: Pattern and Structure

·        Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses

·        Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses

·        Services: Pattern & Structure of Growth, Major Challenges, Policy Responses

·        Rural Development – Issues, Challenges & Policy Responses

·        Urban Development – Issues, Challenges, and Policy Responses.

·        Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies

·        Infrastructure Development: Physical and Social; Public-Private Partnerships

·        Reforms in Land, Labour and Capital Markets

·        Centre-State Financial Relations and Finance Commissions of India; FRBM

·        Poverty, Inequality & Unemployment