NTA UGC NET/JRF (Economics)


NTA UGC NET/ JRF Economics Test Series and syllabus are available below. UGC NET exam is a national level test undertaken to judge eligibility of candidates for the role of “Assistant Professor” and “Assistant Professor and Junior Research Fellowship”. The UGC NET/JRF Economics Test Series are of utmost importance for exam preparation. They provide value in terms of time management, preparing aspirants for moderate to difficult level questions given in exams, and make them aware of their weaknesses and strengths. 


The NTA UGC NET/ JRF Economics Test Series based on the syllabus can be a great source of understanding of the pattern of the UGC NET Economics exam. The exam pattern is divided into paper 01 and paper 02. Paper 01 is a common exam for all the subject streams. It tests aptitude, language, research and teaching skills.  While, paper 02 is a subject based exam. The NTA UGC NET/ JRF Economics Test Series gives a glimpse into the exam pattern and thoroughly leaves you more confident rather than confused at a mercy of guesses.   You can check out the test series available for practice with the benefit of mentorship here.


UGC NET/JRF Test Series (Economics)

The NTA UGC NET JRF  Economics Syllabus for paper 02 is discussed here. It is divided into ten units. The units comprise the subject domains: Microeconomics, Macroeconomics, Statistics and Econometrics, Mathematical Economics, International Economics,Public Economics, Money and Banking, Growth and Development Economics, Environmental Economics and Demography, Indian Economics. The detailed  NTA UGC NET JRF Economics Syllabus for paper 02 is available below: 





Unit-1 : Micro Economics

  1. Theory of Consumer Behaviour

  2. Theory of Production and Costs

  3. Decision making under uncertainty Attitude towards Risk

  4. Game Theory – Non Cooperative games

  5. Market Structures, competitive and non-competitive equilibria and their efficiency properties

  6. Factor Pricing

  7. General Equilibrium Analysis

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

  9. Welfare Economics: Fundamental Theorems , Social Welfare Function

  10. Asymmetric Information: Adverse Selection and Moral Hazard

Unit-2 : Macro Economics

  1. National Income: Concepts and Measurement

  2. Determination of output and employment: Classical & Keynesian Approach

  3. Consumption Function

  4. Investment Function

  5. Multiplier and Accelerator

  6. Demand for Money

  7. Supply of Money

  8.  IS – LM Model Approach

  9. Inflation and Phillips Curve Analysis

  10.  Business Cycles

  11. Monetary and Fiscal Policy

  12. Rational Expectation Hypothesis and its critique

Unit- 3 : Statistics and Econometrics

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

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

  3. Sampling methods & Sampling Distribution

  4. Statistical Inferences, Hypothesis testing Linear Regression Models and their properties – BLUE

  5.  Identification Problem

  6. Simultaneous Equation Models – recursive and non-recursive

  7. Discrete choice models

  8. Time Series Analysis

Unit-4 : Mathematical Economics

  1. Sets, functions and continuity, sequence, series

  2. Differential Calculus and its Applications

  3. Linear Algebra – Matrices, Vector Spaces  Static Optimization Problems and their applications

  4. Input-Output Model, Linear Programming

  5. Difference and Differential equations with applications

Unit-5 : International Economics

  1. International Trade: Basic concepts and analytical tools

  2.  Theories of International Trade

  3.  International Trade under imperfect competition

  4. Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms

  5. Exchange Rate: Concepts and Theories

  6.  Foreign Exchange Market and Arbitrage

  7.  Gains from Trade, Terms of Trade, Trade Multiplier

  8. Tariff and Non-Tariff barriers to trade; Dumping

  9. GATT, WTO and Regional Trade Blocs ; Trade Policy Issues

  10. IMF & World Bank

Unit-6 : Public Economics

1.   Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
2.      Regulation of Market – Collusion and Consumers’ Welfare
3. Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
4.      Public expenditure
5.      Public Debt and its management
6.      Public Budget and Budget Multiplier
7.      Fiscal Policy and its implications

Unit-7 : Money and Banking

1.      Components of Money Supply
2.      Central Bank
3.      Commercial Banking
4.  Instruments and Working of Monetary Policy
5.      Non-banking Financial Institutions
6.      Capital Market and its Regulation

Unit-8 : Growth and Development Economics

1. Economic Growth and Economic Development
2. Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter.
3.     Rostow, Balanced & Unbalanced growth, Big Push approach.
4. Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
5. Technical progress – Disembodied & embodied; endogenous growth
6.  Indicators of Economic Development: PQLI, HDI, SDGs
7.    Poverty and Inequalities – Concepts and Measurement
8. Social Sector Development: Health, Education, Gender


Unit-9 : Environmental Economics and Demography

1.      Environment as a Public Good
2.      Market Failure
3.      Coase Theorem
4.    Cost-Benefit Analysis and Compensation Criteria
5.      Valuation of Environmental Goods
6.      Theories of Population
7. Concepts and Measures: Fertility, Morbidity, Mortality
8.      Age Structure, Demographic Dividend
9.      Life Table
10. Migration

Unit-10 : Indian Economy

1.  Economic Growth in India: Pattern and Structure
2. Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
3.    Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
4.    Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
5.      Rural Development – Issues, Challenges & Policy Responses
6.      Urban Development – Issues, Challenges and Policy Responses.
7.   Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
8.    Infrastructure Development: Physical and Social; Public-Private Partnerships
9. Reforms in Land, Labour and Capital Markets
10. Centre-State Financial Relations and Finance Commissions of India; FRBM
11. Poverty, Inequality & Unemployment


The NTA UGC NET Economics syllabus is well defined for candidates to be clear on questions and setting expectations likewise. To get more clarity and practice done for individual units, an aspirant can avail NTA UGC NET Economics test series here. Wish you all the good luck for exams! To leave no stone unturned for the exam preparation and guidance you can also contact our academic counsellors at 91 7880 10 7880.

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