Download Syllabus of Economics / Business Economics CUET 2022-23
Unit I: Introduction to Microeconomics
• What is microeconomics?
• Central problems
Unit II: Consumer Behaviour 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
Unit III: National Income and Related Aggregates — Basic Concepts and Measurement
• Macroeconomics: meaning.
• Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor cost).
• Measurement of National Income –Value Added method, Income method, and Expenditure
method.
Unit IV: 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
Unit V: Money and Banking
• Money: meaning, evolution, and functions
• Central bank: meaning and functions
• Commercial banks: meaning and functions
Unit VI: 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.
Unit VII: 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
Unit VIII: 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
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.
Unit IX: Current challenges facing the Indian Economy
• Poverty – absolute and relative; Main programmes 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 – role of cooperatives; agricultural
diversification;
• Employment: Growth and changes in work force 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
Unit X: Development Experience of India
A comparison with neighbours
India and Pakistan
India and China
Issues: economic growth, population, sectoral development and other Human
Development Indicators.
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