Syllabus: UGC NET Economics (Paper - II) | Crash Course for UGC NET Economics PDF Download

 Page 1


-1- 
 
 
 
                                                
  
 
UNIVERSITY GRANTS COMMISSION 
NET BUREAU 
 
     
NET SYLLABUS 
 
 
  Subject:  ECONOMICS                    Code No.: 01 
 
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   
Page 2


-1- 
 
 
 
                                                
  
 
UNIVERSITY GRANTS COMMISSION 
NET BUREAU 
 
     
NET SYLLABUS 
 
 
  Subject:  ECONOMICS                    Code No.: 01 
 
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   
Page 3


-1- 
 
 
 
                                                
  
 
UNIVERSITY GRANTS COMMISSION 
NET BUREAU 
 
     
NET SYLLABUS 
 
 
  Subject:  ECONOMICS                    Code No.: 01 
 
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   
-3- 
 
? 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  
 
 
Page 4


-1- 
 
 
 
                                                
  
 
UNIVERSITY GRANTS COMMISSION 
NET BUREAU 
 
     
NET SYLLABUS 
 
 
  Subject:  ECONOMICS                    Code No.: 01 
 
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   
-3- 
 
? 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  
 
 
-4- 
 
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