CUET Economics Syllabus 2025: PDF Download Link

Unit

Topic

Introduction to Microeconomics

• What is microeconomics? Central problems

Consumer Behavior and Demand

• Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: One and two commodity cases. Demand: market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve, price elasticity of demand, measurement of price elasticity of demand – percentage, total expenditure, and geometric methods

Introductory Macroeconomics

National Income and Related Aggregates — Basic Concepts and Measurement

• Macroeconomics: meaning. Circular flow of income, concepts of GDP, GNP, NDP, and NNP (at market price and factor cost). Measurement of National Income – Value Added, Income, and Expenditure methods.

Determination of Income and Employment

• Aggregate demand, aggregate supply, and their components Propensity to consume and propensity to save (average and marginal). Meaning of involuntary unemployment and full employment, Determination of income and employment: two-sector model Concept of investment multiplier and its working, Problems of excess and deficient demand, Measures to correct excess and deficient demand – availability of credit, change in government spending

Money and Banking

• Money: meaning, evolution, and functions Central bank: meaning and functions, Commercial banks: meaning and functions

Government Budget and the Economy

• Government budget – meaning and its components Objectives of government budget Classification of receipts – revenue and capital; classification of expenditure – revenue and capital, plan and non-plan, and developmental and non-developmental, Balanced budget, surplus budget, and deficit budget: meaning and implications, Revenue deficit, fiscal deficit, and primary deficit: meaning and implications; measures to contain different deficits

Balance of Payments

• Foreign exchange rate – meaning (fixed and flexible), merits and demerits. Determination through demand and supply Balance of payments accounts – meaning and components. A brief analysis of recent exchange rate issues

Indian Economic Development

Development Experience (1947-90) and Economic Reforms since 1991

• A brief introduction of the state of the Indian economy on the eve of independence. Indian the economic system and common goals of Five-year Plans. Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance), and foreign trade.

Current challenges facing the Indian Economy

• Poverty – absolute and relative; Main programs for poverty alleviation: A critical assessment; Human Capital Formation – How many people become resource; Role of human capital in economic development;Rural development: Key issues – credit and marketing – the role of cooperatives; agricultural diversification;Employment: Growth and changes in the workforce participation rate in formal and informal sectors; problems and policies Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies – A critical assessment;Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming

Development Experience in India

• A comparison with neighbors India and Pakistan, India and China Issues: economic growth, population, sectoral development, and other Human Development Indicators.