UGC NET Economics Syllabus – Paper 1 & Paper 2 Syllabus

Get a clear understanding of the UGC NET Economics syllabus to boost your exam preparation.

This detailed guide covers all key units and topics included in Paper II, helping you focus on high-weightage areas essential for JRF and Assistant Professor eligibility.

Stay aligned with the latest exam pattern and plan your study strategy effectively.

Click below to read the complete UGC NET Economics syllabus.

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

Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization

Welfare Economics: Fundamental Theorems , Social Welfare Function

Asymmetric Information: Adverse Selection and Moral Hazard

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 -2-

Inflation and Phillips Curve Analysis

Business Cycles

Monetary and Fiscal Policy

Rational Expectation Hypothesis and its critique

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

Simultaneous Equation Models – recursive and non-recursive

Discrete choice models

Time Series Analysis

Unit-4 : Mathematical Economics

Sets, functions and 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: Asymmetric Information,

Public Goods, Externality

Regulation of Market – Collusion and Consumers’ Welfare

Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect 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 its 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

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