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CUCET M A Economics Syllabus

Central Universities Common Entrance Test commonly known as CUCET is conducted for admission to Integrated / Under-graduate, Post-graduate and Research Programmes in Centres Universities. Ten Central Universities (Bihar, Gujarat, Jammu, Jharkhand, Kashmir, Kerala, Orissa, Punjab, Rajasthan and Tamil Nadu) have joined hands and institutionalised "Central Universities Common Entrance Test" (CUCET). Thus, one single application and entrance test (CUCET) provides opportunities for admission in Ten Central Universities located nationwide.

This is part of PG Syllabus for CUCET

CUCET M A Economics Syllabus

Test Paper Code: PGQP47

Micro Economics

  1. Consumer Theory or Behaviour: Demand, Utility, Indifference Curve, Revealed Preference Theory, Consumer Surplus
  2. Production Theory: Production Function, Law of Variable Proportions, Returns to Scale, Cost Function, types and concepts
  3. Price and Output determination in Market: Perfect and Imperfect Competition (Monopoly, Price Discrimination, Monopolistic, Duopoly and Oligopoly models)
  4. General Equilibrium, Efficiency and Welfare: Equilibrium and efficiency under pure exchange and production; overall efficiency and welfare economics, externality

Macro Economics

  1. National Income Accounting,
  2. Income and Output Determination: Aggregate Demand and Aggregate Supply, Effective Demand Principle, Classical and Keynesian Theory
  3. Money and Inflation: Demand and Supply of Money, Money Multiplier and High Powered Money, Credit Creation, Role of Reserve Bank of India and Commercial Banks, Quantitative Theories of Money, Philip’s Curve
  4. Monetary and Fiscal Policy of India and Its Role
  5. Consumption and Investment Function: Permanent, Relative and Life Cycle Hypothesis, determinants of business fixed investment; residential investment and inventory investment, Multiplier and Accelerator
  6. Open Economy Models: Mundell and Fleming Model (IS,LM and BP curve) , Balance of Payments, exchange rate determination, Purchasing Power Parity
  7. Economic Growth: Harrod-Domar Model, Solow Model

Statistical Methods in Economics

  1. Mean, Mode, Median, Dispersion, Skewness, Quartile Deviation, Average Deviation, Standard Deviation
  2. Correlation
  3. Simple Regression Model
  4. Probability Distribution
  5. Sampling

Mathematical Methods in Economics

  1. Sets and Vector
  2. Functions of one and several real variable
  3. Single and Multi variable optimization
  4. Integration of functions
  5. Difference equations
  6. Determinants
  7. Matrix
  8. Linear Programming
  9. Probability
  10. Differential Equations

Indian Economy

  1. Overview of colonial economy.
  2. Macro Trends: National Income; population; occupational structure.
  3. Agriculture: Agrarian structure and land relations; agricultural markets and institutions – credit, commerce and technology; trends in performance and productivity; famines.
  4. Railways and Industry: Railways; the de-industrialisation debate; evolution of entrepreneurial and industrial structure; nature of industrialisation in the interwar period; constraints to industrial breakthrough; labour relations.
  5. Economy and State in the Imperial Context
  6. The imperial priorities and the Indian economy; drain of wealth; international trade, capital flows and the colonial economy – changes and continuities; government and fiscal policy.
  7. New Economic Policy

Public Economics:

  1. Public and Private Goods, Externalities, Budget, Deficits, Public Debt, Fiscal Federalism in India,
  2. Taxation: its economic effects; dead weight loss and distortion, efficiency and equity considerations, tax incidence, optimal taxation.
  3. International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and New Trade Theories

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