In this blog, we will explore the CUET Economics Syllabus for 2024 exam. If you’re a 2024 CUET Aspirant and wondering what you’ll be studying for your Economics domain subject, you’ve come to the right place. We’ll break down the topics in a simple, easy-to-understand, and in best-detailed way, so you can get a clear idea about what’s in store for your Economics learning journey for cuet entrance exam. This article aims to provide a detailed outline of the CUET Economics Syllabus for the 2024 Exam, along with engaging content and the CUET previous year’s Economics question paper to help you excel in the exam. Let’s dive in!
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NTA CUET Economics Exam Pattern For 2024 Exam
The CUET Examination will be conducted in a computer-based test (CBT) mode. The question paper will be strictly based on the NCERT syllabus for class 12 Economics.
| Subjects | No. of questions to be attempted | Duration of the exam |
| Language (any one language out of 13 languages ) | 40 out of 50 questions. | 45 minutes for each language |
| Domain Subjects (maximum of 6 subjects from those 27 subjects) | 40 out of 50 questions. | 45 minutes for each subject |
| General Test | 60 Questions to be attempted out of 75 | 60 Minutes (1 hour) |
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NTA CUET Economics Marking Scheme 2024
NTA has confirmed the exam pattern & the CUET marking scheme for the upcoming CUET exam in 2024. As per the official CUET notification, 5 marks will be awarded for every correct attempt, and 1 mark will be deducted for every incorrect attempt.
| Total Marks | 200 |
| Correct Answer | +5 |
| Wrong Answer | -1 |
| Unanswered | 0 |
CUET Economics Syllabus For 2024 Exam (Detailed Syllabus)
A clear understanding of the syllabus is essential for success. Here, we break down the CUET Economics Syllabus 2024 exam in detail and provide you with a link to download the PDF version.
Unit I: Introduction to Microeconomics
- What is microeconomics?
- Central problems.
Unit II: Consumer Behaviour and Demand
- Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: One
and two commodity cases. - Demand: market demand, determinants of demand, demand schedule, demand curve,
movement along and shifts in the demand curve, price elasticity of demand, measurement
of price elasticity of demand – percentage, total expenditure, and geometric methods
Introductory Macroeconomics
Unit III: National Income and Related Aggregates — Basic Concepts and Measurement
- Macroeconomics: meaning.
- Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor
cost). - Measurement of National Income –Value Added method, Income method, and
Expenditure method
Unit IV: Determination of Income and Employment
- Aggregate demand, aggregate supply, and their components
- 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 working
- Problems of excess and deficient demand
- Measures to correct excess and deficient demand – availability of credit, change in
government spending
Unit V: Money and Banking
- Money: meaning, evolution, and functions
- Central Bank: meaning and functions
- Commercial banks: meaning and functions
Unit VI: Government Budget and the Economy
- Government budget – meaning and its components
- Objectives of government budget
- Classification of receipts – revenue and capital; classification of expenditure – revenue and
capital, plan and non-plan, and developmental and non-developmental - Balanced budget, surplus budget, and deficit budget: meaning and implications
- Revenue deficit, fiscal deficit, and primary deficit: meaning and implications; measures to
contain different deficits.
Unit VII: Balance of Payments
- Foreign exchange rate – meaning (fixed and flexible), merits and demerits; determination
- through demand and supply
- Balance of payments accounts – meaning and components
- A brief analysis of recent exchange rate issues
INDIAN ECONOMIC DEVELOPMENT
Unit VIII: Development Experience (1947-90) and Economic Reforms since 1991
- A brief introduction of the state of the Indian economy on the eve of independence. Indian
- economic system and common goals of Five-year Plans.
- Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance), and foreign trade
Unit IX: Current challenges facing the Indian Economy
- Poverty – absolute and relative; Main programs for poverty alleviation: A critical assessment;
- Human Capital Formation – How many people become resource; Role of human capital in economic development;
- Rural development: Key issues – credit and marketing – role of cooperatives; agricultural diversification;
- Employment: Growth and changes in the workforce participation rate in formal and informal sectors; problems and policies
- Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies – A critical assessment;
- Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming
Unit X: Development Experience in India
- A comparison with neighbors
- India and Pakistan
- India and China
- Issues: economic growth, population, sectoral development, and other Human Development Indicators
NCERT Economics Textbook Class 12th for 2024 CUET Exam
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NTA CUET Economics Syllabus 2024 PDF Download
The NTA (National Testing Agency) conducts the CUET (Common University Entrance Test) to assess students’ abilities for various university admissions. By providing the economics syllabus in a downloadable PDF format, we aim to make it convenient and time-saving for aspiring students like you to access and prepare for the CUET Exam 2024 thoroughly.
Download PDF:- NTA CUET Economics Syllabus 2024
FAQ: CUET Economics Syllabus For 2024 Exam
What is the significance of studying CUET Economics Syllabus 2024?
Understanding economics is vital in comprehending how societies function, making informed policy decisions, and pursuing careers in finance, consulting, public policy, and academia.
Is Economics a challenging subject for beginners?
While Economics can be challenging, the CUET Economics Syllabus 2024 is structured to provide gradual learning and support, making it accessible for beginners.
Can I pursue research in Economics after completing the syllabus?
Yes, the comprehensive curriculum equips you with the necessary research skills and knowledge to delve deeper into economic studies.
What are the career prospects for Economics graduates from CUET?
Graduates can explore diverse career paths, including economists, financial analysts, policy analysts, researchers, and educators.
How important is it to practice time management during the exam?
Time management is crucial as the test duration is limited. Practice solving CUET previous year’s question papers within the specified time frame to improve your speed and accuracy.
