UGC NET Economics Syllabus 2024, Download UGC NET Syllabus

Post Name : UGC NET Economics Syllabus 2024, Download UGC NET Syllabus
Post Date :  01 February , 2024
Post Description :  The UGC NET exam conducting body has released the UGC NET Economics Syllabus 2024 on the official website. To plan an effective UGC NET Economics preparation strategy, candidates should analyze the official UGC NET Economics Syllabus 2024 to identify crucial topics for the UGC NET 2024 exam. The UGC NET Economics exam consists of two papers: Paper A, General Aptitude paper for all subjects, and Paper B, consisting of questions related to Economics subject.

UGC NET Economics Syllabus 2024 Overview

The National Testing Agency (NTA) conducts the UGC NET exam twice a year to assess the eligibility of candidates for the positions of ‘Assistant Professor’ and ‘Junior Research Fellowship Assistant Professor’ in Indian Universities and Colleges.

UGC NET Economics Syllabus 2024 Overview
Conducting BodyNational Testing Agency (NTA)
Exam NameUGC NET 2024
Post CategoryUGC NET Economics Syllabus 2024
PostsAssistant Professor and Junior Research Fellowship (JRF)
Exam LevelNational
Exam FrequencyTwice a year (June and December)
Mode of ExamOnline
Language/Medium of ExamEnglish and Hindi
UGC NET Exam Date 2024Between June 10 to 21, 2024
Time Duration3 Hours
Number of Papers and Total Marks
  • Paper 1: 100 Marks
  • Paper 2: 200 marks
Negative MarkingNo Negative Marking
Exam Helpdesk No.0120-6895200
Official Websitehttps://ugcnet.nta.nic.in/

UGC NET Economics Syllabus 2024 Unit Wise

The UGC NET Economics Syllabus consists of ten units. Let us know the detailed unit-wise Economics UGC NET Syllabus 2024 below.

UGC NET Economics Syllabus 2024 Unit Wise
Unit NameTopics
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, etc.
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, etc.
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, etc.
Unit 4: Mathematical Economics
  • Sets, functions, 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
  • Regulation of Market – Collusion and Consumers’ Welfare
  • Public Revenue: Tax & Non-Tax Revenue, Direct & Inect 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

UGC NET Economics Syllabus 2024 Important Topics

The UGC NET Economics Syllabus 2024 consists of two papers; the exam will be conducted in online mode. Paper 1 consists of 50 questions, carrying a total of 100 marks, while Paper 2 consists of 100 multiple-choice questions, carrying a total of 200 marks. Candidates should follow the subject-wise study plans for the UGC NET Economics Syllabus 2024. Below, we have provided topic-wise discussion guides for all the sub-topics of the UGC NET Economics Syllabus 2024.

  1. Microeconomics: Microeconomics involves comprehending fundamental concepts and principles, including supply and demand, elasticity, and market structures. Students must practice problem-solving related to consumer behavior, production, cost, and market structures.
  2. Macroeconomics: Macroeconomics requires understanding key concepts like GDP, inflation, unemployment, and monetary and fiscal policies. Students need to solve problems related to macroeconomic models, including the IS-LM and AD-AS models. Familiarity with diverse macroeconomic schools of thought, such as classical, Keynesian, and monetarist, is crucial.
  3. Statistics and Econometrics: Statistics and Econometrics involve comprehending basic statistical inference, probability, and hypothesis testing concepts. Problem-solving skills in descriptive statistics and probability distributions are essential, along with an understanding of econometric models like OLS and time series models.
  4. International Economics: International Economics requires an understanding of trade theory concepts, including comparative advantage and the Heckscher-Ohlin model. Solving problems related to trade policy, exchange rates, and balance of payments is crucial, as is familiarity with trade agreements and organizations like the WTO, NAFTA, and the EU.
  5. Public Economics: Public Economics involves grasping concepts like externalities, public goods, and the theory of taxation. Students must solve problems related to optimal taxation, public goods, and cost-benefit analysis. Knowledge of government spending types, such as transfer payments and public goods, is essential.
  6. Growth and Development Economics: Growth and Development Economics necessitates understanding concepts like the Solow growth model and human capital theory. Students must solve problems related to economic growth, development, and poverty. Knowledge of policies and institutions influencing economic growth and development is crucial.
  7. Environmental Economics and Demography: Environmental Economics and Demography require an understanding of concepts like externalities, property rights, and the tragedy of the commons. Problem-solving related to environmental regulation and policy is vital. Basic knowledge of demographic concepts such as population growth, fertility, and mortality is essential.
  8. Indian Economy: Understanding the basic structure of the Indian economy, including agriculture, industry, and services sectors, Students should solve problems related to Indian economic history and current economic issues. Familiarity with policies and institutions influencing the Indian economy, such as the Reserve Bank of India and the Planning Commission, is important.

UGC NET Economics Exam Pattern 2024

In the UGC NET Exam Pattern 2024, Paper 1 consists of 50 questions with maximum 100 marks. It includes subjects such as teaching aptitude, research aptitude, reading comprehension, communication, reasoning (including mathematics), logical reasoning, interpretation, ICT, people and environment, and higher education systems.

UGC NET Economics Exam Pattern 2024
PaperSectionsNumber of QuestionsMaximum Marks
Paper 1Teaching Aptitude, Research Aptitude, Reading Comprehension, Communication, Reasoning (including Maths), Logical Reasoning, Data Interpretation, Information & Communication Technology (ICT), People & Environment, and Higher Education System50100
Paper 2Economics100200

UGC NET Economics Syllabus 2024 Minimum Qualifying Marks

The National Testing Agency (NTA) conducted the UGC NET Economics exam across various centers in India. The minimum qualifying marks for UGC NET Economics are categorized as follows.

UGC NET Economics Syllabus 2024 Minimum Qualifying Marks
CategoryQualifying Marks
General40%
OBC35%
SC/ST35%

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