The National Testing Agency (NTA) has unveiled the registration and exam dates for the Common University Entrance Test (CUET 2024) for postgraduate (PG) programs. Are you gearing up for CUET PG 2024? 🌟 Let’s explore the Economics syllabus (COQP10) – your comprehensive guide to effective preparation. 📚✨
Paper Pattern:
- 75 questions in total.
- All questions based on Subject-Specific Knowledge.
- All questions are compulsory.
- Bilingual presentation (English/Hindi).
- Exam duration: 105 minutes.
Syllabus:
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:
- 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.
Please note that these updates are the latest for the CUET PG 2024 application and examination process.
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To see student testimonials of Edusure and hear about their success: www.youtube.com/edusureschool
To speak to an Edusure student counsellor, please fill out this Enquiry Form or call on 8100824600.
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