KMAT and Other Exam News

Candidates applying for the CUET Examination 2022 can check out the topics and units included in the syllabus of Economics/Business Studies. 

Introductory Microeconomics 

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.

 Introductory Macroeconomics 

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

Download the CUET Economics/ Business Studies Syllabus PDF here.

CUET Economics/Business Economics Syllabus – FAQs

What is the CUET Examination?

CUET is the Central Universities Entrance Test

What is the last date to apply for the CUET Examination?

The last date to apply for the CUET Examination is 6 May 2022. 

How many questions are there in the CUET paper?

A total of 50 questions will be asked in the paper out of which 40 must be attempted by the candidates.

What is the selection procedure for the CUET Examination?

The selection procedure for the CUET Examination is a written examination and an interview

How many units are there in the Economics subject of CUET?

A total of 10 units are there.