Candidates applying for the CUET Examination 2022 can check out the topics and units included in the syllabus of Economics/Business Studies.
Unit I: Introduction • 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
Unit III: Producer Behaviour and Supply • Production function: returns to factor and returns to scale • Supply: market supply, determinants of supply, supply schedule, supply curve movement along and shifts in the supply curve, price elasticity of supply, measurement of price elasticity of supply – percentage, and geometric methods • Cost and Revenue: Concepts of costs; short-run cost curves (fixed and variable costs; total, average and marginal costs); concepts of revenue – total, average and marginal revenue, and their relationship.Producer’s equilibrium – with the help of MC and MR.
Unit IV: Forms of Market and Price Determination • Forms of the market – perfect competition, monopoly, monopolistic competition – their meaning and features. • Price determination under perfect competition – equilibrium price, effects of shifts in demand and supply.
Unit V: Simple Applications of Tools of Demand and Supply Curves The teachers can be given the flexibility to choose the issues: rationing, floors and ceilings, and Food Availability Decline (FAD) Theory (the teachers may also choose alternative examples that are simple and easy to understand) Note to textbook writers: More examples from day-to-day context could be given. More numerical examples(solved) will have to be given. The use of pictures, charts, and simple tables is essential.
Unit I: 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), National Disposable Income (gross and net); Private Income, Personal Income, andPersonal Disposable Income • Measurement of National Income –Value Added method, Income method, and Expenditure method.
Unit II: 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 III: Money and Banking • Money: meaning, evolution, and functions • Central bank: meaning and functions • Commercial banks: meaning and functions • Recent significant reforms and issues in Indian Banking System: privatization and modernization
Unit IV: 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 nonplan, 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 • Downsizing the role of government: meaning and implications
Unit V: 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
CUET Economics/Business Economics Syllabus – FAQs
CUET is the Central Universities Entrance Test
The last date to apply for the CUET Examination is 6 May 2022.
A total of 50 questions will be asked in the paper out of which 40 must be attempted by the candidates.
The selection procedure for the CUET Examination is a written examination and an interview
A total of 10 units are there.