The common university entrance test (CUET) is an examination that is conducted by NTA to evaluate the aptitude and knowledge of students seeking admission to universities or colleges. It is often administered on a national or regional level and serves as a standardized assessment for students from various educational backgrounds.
Common university entrance tests typically cover subjects such as mathematics, science, language proficiency, and general knowledge. The Exam format include multiple-choice questions (MCQs).
Common university entrance tests play a crucial role in the selection process, as they help universities assess a large number of applicants in a systematic and efficient manner. They provide a standardized platform to measure the skills and knowledge of students and facilitate the admissions process for both the institutions and the candidates.
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CUET Economics Syllabus 2024
Economics is a fundamental discipline that forms the basis of various fields such as business, finance, policy-making, and international relations. By including economics in the entrance test syllabus, universities ensure that prospective students possess a foundational understanding of economic concepts necessary for their chosen academic paths.
The CUET economics syllabus typically covers a wide range of topics. Familiarizing yourself with these subjects will give you an advantage in the exam. There will be 50 questions out of which 40 questions need to be attempted.
Let’s explore the key areas of the economics syllabus for 2024:
Unit I: Microeconomics Overview
- What is microeconomics?
- Central difficulties
Unit II: Consumer Conduct and Demand
- Consumer’s Equilibrium: definition and achievement of equilibrium via Utility Approach: one and two commodity examples
- Demand: market demand, demand determinants,demand curve,demand schedule, movement along and shifts in the demand curve, price elasticity of demand, price elasticity of demand measurement – percentage, total spending, and geometric techniques
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CUET Economics Syllabus 2024 – Introductory Macroeconomics
Unit III: National Income and Related Aggregates — Fundamental Concepts and Metrics
- Macroeconomics: explanation.
- Circular income flow, concepts of GDP, GNP, NDP, and NNP (at market price and factor cost).
- National Income Measurement – Value-Added Method, Income Method, and Expenditure Method.
Unit IV: Income Determination and Employment
- Total demand, total supply, and their constituents
- 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 operation
- Problems of excess and deficient demand
- Measures to rectify excess and deficient demand — availability of credit, shift in government spending
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Unit V: Money and Banking
- Money: Definition, history, and functions
- Functions and meaning of the central bank
- Meaning and functions of commercial banks
Unit VI: Government Budget and Economic Conditions
- Government budget – meaning and its components
- Objectives of government budget
- Classification of receipts – revenue and capital; classification of expenditures – revenue and capital, plan and non-plan, as well as developmental and non-developmental
- Meaning and implications of a balanced budget, a surplus budget, and a deficit budget
- Revenue deficit, fiscal deficit, and primary deficit: definitions and ramifications; strategies to control the various deficits
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Unit VII: Balance of Payments
- Balance of payments accounts – definition and components
- Foreign exchange rate – meaning (fixed and variable), advantages and disadvantages; determination by demand and supply
- A concise evaluation of recent exchange rate concerns
CUET Economics Syllabus 2024 – Indian Economics Development
Unit VIII: Development Experience (1947-1990) and Economic Reforms Since 1991
On the eve of independence, a quick overview of the state of the Indian economy is provided. Indian economic system and shared objectives Five-year Strategies.
Principal characteristics, issues, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role and significance), and international commerce.
Unit IX: Current issues confronting the Indian Economy
- Poverty – Absolute and relative poverty; Principal poverty alleviation programs: a critical evaluation;
- Human Capital Formation – Quantity of individuals who become a resource; Human capital’s role in economic development;
- Rural development: Key problems – financing and marketing – cooperatives’ involvement – agricultural diversification
- Employment: Growth and variations in formal and informal labour force participation; challenges and policies
- Infrastructure: Meaning and Types: Cases Studies: A critical evaluation of Health: Problems and Policies – A critical assessment;
- Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, Including Global Warming, of Sustainable Economic Development
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- A comparison with neighbours
- India and Pakistan
- India and China
- Topics: economic growth, population, sectoral development, and additional Human Development Indicators
Preparation Tips for CUET Economics 2024
To excel in the CUET economics examination, it is crucial to follow a strategic and focused approach. Here are some tips to help you in your preparation:
- Understand the Syllabus: Thoroughly review the CUET economics syllabus and create a study plan that covers all the key topics.
- Study Material: Gather reliable study material, textbooks, and reference books to enhance your understanding of the subject.
- Practice Previous Years’ Papers: Solve previous years’ question papers to familiarize yourself with the exam pattern and gain confidence.
- Mock Tests and Time Management: Take regular mock tests to assess your preparation level and improve your time management skills.
- Seek Clarification: If you encounter any doubts or difficulties, seek clarification from your teachers, mentors, or online forums.
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Mastering the CUET economics syllabus requires dedication, systematic preparation, and a comprehensive understanding of the key concepts and theories. By utilizing this guide as your go-to resource, you can enhance your knowledge, refine your exam strategies, and maximize your chances of achieving outstanding results in the CUET examination.
CUET Economics Syllabus FAQS
Q How should I prepare for the microeconomics section of the CUET?
A: To prepare for the microeconomics section of the CUET, focus on topics such as
- What is microeconomics
- Central difficulties.
Q: What topics are covered in the CUET Economics syllabus ?
A: The Economics syllabus for CUET typically covers a range of topics, including microeconomics, macroeconomics, and international economics.
Q: What is the significance of economic theory in the CUET syllabus?
Economic theory provides a framework for analyzing and understanding various economic phenomena. It helps in explaining the relationships between different economic variables, predicting outcomes, and formulating economic policies..