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UGC NET Economics Coaching

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CBSE NET 2016 Economics Syllabus

Code No. : 01

Subject : Economics / Rural Economics / Co – operation / Demography / Development Planning / Development Studies / Econometrics / Applied Economics / Development Eco. / Business Economics.

There will be two Question Papers, Paper II and UGC NET Paper III ( Part A & B ). UGC NET Paper II will cover 50 Objective Type Questions ( Multiple choice, Matching type, True / False, Assertion – Reasoning type ) carrying 100 marks.

UGC NET Paper III will have two Parts – A and B; Paper III ( A ) will have 10 short essay type, questions ( 300 words ) carrying 16 marks each. In it there will be one question with internal choice from each unit ( i.e., 10 questions from 10 units; Total marks will be 160 ).

UGC NET Paper III ( B ) will be compulsory and there will be one question from each of the Electives. The candidate will attempt only one question ( one elective only in 800 words ) carrying 40 marks. Total marks of UGC NET Paper III will be 200.

UGC NET PAPER – II
  • 1. Micro – Economic Analysis
  • 2. Macro – Economic Analysis
  • 3. Development and Planning
  • 4. Public Finance
  • 5. International Economics
  • 6. Indian Economy
  • 7. Statistical Methods
UGC NET PAPER III (A) ( Core group )

Unit – I

  • Theory of Demand – Axiomatic approach, Demand functions, Consumer behaviour under conditions of uncertainty.
  • Theory of production.
  • Collusive and non – collusive oligopolies.
  • Different models of objectives of the firm – Baumol, Morris and Williamson.
  • Factor pricing.
  • General equilibrium and Welfare Economics.

Unit – II

  • Keynesian and post – Keynesian approaches to theory of output and employment; concept of investment multiplier; consumption hypotheses Theories of investment and accelerator.
  • Theories of demand for money – Keynesian and post – Keynesian.
  • Different approaches to money supply; money supply; components and determinants; money multiplier.
  • Output – price determination ( aggregate supply and aggregate demand curve analysis ).
  • Fleming – Mundell open economy model.

Unit – III

  • Development and Growth – Role of institutions.
  • Theories of growth and development – Models of growth of Joan Robinson and Kaldor; Technical Progress – Hicks, Harrod and learning by doing, production function approach to the determinants of growth : Endogenous growth : role of education, research and knowledge – explanation of cross country differentials in economic development and growth.
  • Theories of development – Classical, Marx, Schumpeter and structural analysis of development – Imperfect market paradigm, Lewis model of development, Ranis – Fei model, Dependency theory of development.
  • Factors in economy development – natural resources, population, capital, Human Resource Development and infrastructure.
  • Trade and development – trade as engine of growth, two – gap analysis, Prebisch, Singer and Myrdal views; gains from trade and LDCs.

Unit – IV

  • Theories of taxation, types, incidence and effects.
  • Theories of public expenditure – effects on savings, investment and growth Burden of public debt.
  • Union Finance – Trends in Revenue and Expenditure of the Government of India.
  • State finance – Trends in Revenue and Expenditure of the State Governments.
  • Public Debt – India's Public debt since 1951 – growth composition, ownership pattern and debt management.
  • Union – State Financial Relations – Horizontal and vertical imbalances; the Finance Commissions.
  • Fiscal Policy and Fiscal Reforms in India.

Unit – V

  • Monetary approach' and adjustment in the balance of payments.
  • Regional blocs – multilateralism and world trading system.
  • The Political Economy of imposition of non – tariff barriers.
  • International trade under conditions of imperfect competition in goods market.
  • Theory of International reserves.
  • Optimum Currency Areas – Theory and impact in the developed and developing countries.
  • WTO and its impact on the different sectors of the economy.

Unit – VI

  • Components of money supply.
  • Role, constituents and functions of money and capital markets.
  • RBI – recent monetary and credit policies.
  • Commercial banks and co – operative banks.
  • Specialized financial and investment institutions.
  • Non – Bank financial institutions and Regional Rural Banks.

Unit – VII

  • Industrial structure and economic growth.
  • Pattern of industrialization – Public and Private; large and small industries.
  • Theories of Industrial location – Indian experience.
  • Industrial productivity – measurement, partial and total trends Industrial Finance in India.
  • Industrial Labour – Problems, policies and reforms in India Economic Reforms and industrial growth.

Unit – VIII

  • Population and Economic development – interrelation between population, development and environment, sustainable development.
  • Malthusian theory of population, Optimum theory of population, theory of demographic transition, population as 'Limits to Growth' and as 'Ultimate Source'.
  • Concepts of Demography – Vital rates, Life tables, composition and uses, Measurement of fertility – Total fertility rate, gross and net reproduction rate – Age pyramids, population projection – stable, stationary and quasi – stationary population; characteristics of Indian population through recent census.
  • Poverty in India – Absolute and relative; analysis of poverty in India.
  • Environment as necessity – amenity and public goods; causes of environmental and ecosystem degeneration – policies for controlling pollution – economic and persuasive; their relative effectiveness in LDCs; Relation between population, poverty and environmental degradation – microplanning for environment and eco – preservation – water sheds, joint forest management and self – help groups.
  • Role of State in environmental preservation – Review of environmental legislation in India.

Unit – IX

  • Role of Agriculture in Indian Economy – Share of Agriculture, interrelationship between agriculture and industry.
  • Institutional aspects – Land reforms, Green revolution.
  • Technological aspects – Agricultural inputs and shifts in production function.
  • Capital formation in the rural sector – Savings, assets and credits.
  • Strategies for rural development.
  • Regional disparities in Indian agriculture.
  • Cooperative movement in India – Organization, structure and development of different types of cooperatives in India.

Unit – X

  • Application of Differential and Integral Calculus in theories of consumer behaviour, Production and pricing under different market conditions.
  • Input – output analysis and linear programming.
  • Application of Correlation and Regression.
  • Testing of Hypothesis in Regression Analysis.
UGC NET PAPER III (B) ( Elective / Optional )

Elective – I

  • Single Equation Linear Model
  • Simultaneous Equation models
  • Techniques of Forecasting

Elective – II

  • Theory of Consumer Behaviour and Theory of Firms.
  • Theory of Pricing – Monopoly, Monopolistic competition, Duopoly and Oligopoly.
  • Theory of Games – Two – person, Zero – sum Game, Pure and Mixed strategy, Saddle point solution, Linear programming and input output analysis.
  • Static and Dynamic Multiplier and Accelerator, Samuelson – Hicks trade cycle model.
  • Growth Models – Harrod and Domar, Neoclassical models – Solow, Meade, Kaldor's Model with technological progress, endogenous growth models.
  • Employment and output determination with fixed and flexible prices ( IS – LM, Aggregate demand and aggregate supply analysis ).

Elective – III

  • The Rise and Fall of Bretton – Wood and emerging International Monetary System.
  • World Trading System – Evolution and Distortions.
  • Globalization – Developments in Exchange Markets, Euro – Currency Markets, and International Bond Markets, International Debt crisis.
  • Theory of Foreign Exchange Markets – Exchange Trading, Arbitrage and Market Hedging.

Elective – IV

  • Growth and Productivity trends in Indian Agriculture.
  • Development of distributive institutions – Costs and price policies.
  • Agricultural marketing and credit.
  • Trends in migration and labour markets. Minimum Wages Act.
  • WTO and sustainable agricultural development.
  • Reforms in Indian agriculture.

Elective – V

  • Planning and Economic Development.
  • Costs, Prices, WTO and Indian Agriculture.
  • Globalization, Liberalization and the Indian Industrial Sector.
  • Infrastructure and Economic Development.
  • Social Sector, Poverty and Reforms in India.
  • Women, Environment and Economic Development.
  • Trade Reforms and Liberalization.
  • Financial sector reforms.
  • Fiscal policy and fiscal reforms.

Recommened Economics Books:

  • 1. Economics for UGC - NET / SLET & other competitive examinations for essay type, analytical & text based question By K.R Gupta
  • 2. Objective Economics PB By Sanjay Kumar
  • 3. Modern UGC NET / SLET Economics By A Team Of Experts
  • 4. UGC NET Economics Previous years papers By R.Gupta
  • 5. UGC NET / JRF / SET Economics By Gopal Garg
  • 6. Trueman's UGC NET / SET Economics By Sriniwas Shirur

Download previous years Economics question papers