NTA UGC NET 2023 » UGC NET Economics Syllabus 2023 – Download PDF in Hindi and English

UGC NET Economics Syllabus 2023 – Download PDF in Hindi and English

UGC NET Economics Syllabus 2023

For the purpose of determining a candidate’s eligibility for the position of assistant professor and awarding junior research fellowships (JRF), the National Testing Agency (NTA) administers the UGC NET (National Eligibility Test) on behalf of the University Grants Commission (UGC). For the UGC NET Economics test in 2023, it is crucial that prospective economists are conversant with the new syllabus and use efficient study methods. This article gives helpful preparation advice as well as an overview of the UGC NET Economics Paper 2 syllabus. 

UGC NET Economics Syllabus in HindiDownload PDF
UGC NET Economics Syllabus in EnglishDownload PDF

The topics included in the NTA UGC NET Economics Syllabus 2023 are as follows:

Unit 1Micro Economics
Unit 2Macro Economics
Unit 3Statistics and Econometrics
Unit 4Mathematical Economics
Unit 5International Economics
Unit 6Public Economics
Unit 7Money and Banking
Unit 8Growth and Development Economics
Unit 9Environmental Economics and Demography
Unit 10Indian Economy


UGC NET Economics Syllabus for Paper 2

Paper 2 of the UGC NET Economics exam consists of multiple-choice questions based on the subject-specific syllabus. The syllabus is designed to assess the candidate’s in-depth knowledge and understanding of economics concepts. Here is an outline of the key topics covered in the UGC NET Economics syllabus for Paper 2:  

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
  • 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
  • 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

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

Tips to Prepare UGC NET Economics Syllabus

Preparing for the UGC NET Economics exam requires a systematic and focused approach. Here are some valuable tips to help you effectively prepare for the UGC NET Economics syllabus:  

  • Understand the Syllabus: Familiarise yourself with the detailed syllabus provided by the NTA. Pay attention to each topic and subtopic mentioned and ensure you clearly understand the concepts involved.  
  • Create a Study Plan: Develop a comprehensive study plan that allocates sufficient time to cover all the topics in the syllabus. Break down the syllabus into smaller sections and set achievable targets for each study session.  
  • Study Material: Gather relevant study material, including textbooks, reference books, and online resources. Choose authoritative sources that cover the topics comprehensively and provide practice questions and mock tests.  
  • Practise Previous Year Question Papers: Solve previous year question papers and sample papers to familiarise yourself with the exam pattern and improve your time management skills. Analyse your performance and identify areas that require further attention.  
  • Take Mock Tests: Mock tests are an excellent way to evaluate your knowledge and improve your exam-taking skills. Take online mock tests that simulate the exam environment and assess your performance. Review the results and work on your weaknesses.

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Frequently Asked Questions

Get answers to the most common queries related to UGC NET Economics Syllabus 2023.

How many papers are there in the UGC NET Economics exam?

Ans.The UGC NET Economics exam consists of two papers: Paper 1 (General Paper)...Read full

What is the duration of the UGC NET Economics exam?

Ans.The UGC NET Economics exam has a duration of 3 hours for each paper, making it a total of 6 hours.

Can I use a calculator during the UGC NET Economics exam?

Ans. No, using calculators or any electronic devices is not permitted during t...Read full

Is there a negative marking in the UGC NET Economics exam?

 Ans: No, there is no negative marking for incorrect answers in the UGC NET E...Read full

What are the minimum qualifying marks required in the UGC NET Economics exam?

Ans. The minimum qualifying marks in the UGC NET Economics exam vary depending...Read full