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NET 2016 Economics Syllabus
Code No. : 01
Subject : Economics / Rural Economics / Co – operation / Demography / Development Planning / Development Studies / Econometrics / Applied Economics / Development Eco. / Business Economics.
There will be two Question Papers, Paper II and UGC NET JRF Paper III ( Part A & B ). UGC NET Paper II will cover 50 Objective Type Questions ( Multiple choice, Matching type, True / False, Assertion – Reasoning type ) carrying 100 marks.
UGC NET Paper III will have two Parts – A and B; Paper III ( A ) will have 10 short essay type, questions ( 300 words ) carrying 16 marks each. In it there will be one question with internal choice from each unit ( i.e., 10 questions from 10 units; Total marks will be 160 ).
UGC NET Paper III ( B ) will be compulsory and there will be one question from each of the Electives. The candidate will attempt only one question ( one elective only in 800 words ) carrying 40 marks. Total marks of UGC NET Paper III will be 200.
UGC NET PAPER – II
1. Micro – Economic Analysis
2. Macro – Economic Analysis
3. Development and Planning
4. Public Finance
5. International Economics
6. Indian Economy
7. Statistical Methods
UGC NET PAPER III (A) ( Core group )
Unit – I
- Theory of Demand – Axiomatic approach, Demand functions, Consumer behaviour under conditions of uncertainty.
- Theory of production.
- Collusive and non – collusive oligopolies.
- Different models of objectives of the firm – Baumol, Morris and Williamson.
- Factor pricing.
- General equilibrium and Welfare Economics.
Unit – II
- Keynesian and post – Keynesian approaches to theory of output and employment; concept of investment multiplier; consumption hypotheses Theories of investment and accelerator.
- Theories of demand for money – Keynesian and post – Keynesian.
- Different approaches to money supply; money supply; components and determinants; money multiplier.
- Output – price determination (Aggregate supply and aggregate demand curve analysis ).
- Fleming – Mundell open economy model.
Unit – III
- Development and Growth – Role of institutions.
- Theories of growth and development – Models of growth of Joan Robinson and Kaldor; Technical Progress – Hicks, Harrod and learning by doing, production function approach to the determinants of growth : Endogenous growth : role of education, research and knowledge – explanation of cross country differentials in economic development and growth.
- Theories of development – Classical, Marx, Schumpeter and structural analysis of development – Imperfect market paradigm, Lewis model of development, Ranis – Fei model, Dependency theory of development.
- Factors in economy development – natural resources, population, capital, Human Resource Development and infrastructure.
- Trade and development – trade as engine of growth, two – gap analysis, Prebisch, Singer and Myrdal views; gains from trade and LDCs.
Unit – IV
- Theories of taxation, types, incidence and effects.
- Theories of public expenditure – effects on savings, investment and growth Burden of public debt.
- Union Finance – Trends in Revenue and Expenditure of the Government of India.
- State finance – Trends in Revenue and Expenditure of the State Governments.
- Public Debt – India's Public debt since 1951 – growth composition, ownership pattern and debt management.
- Union – State Financial Relations – Horizontal and vertical imbalances; the Finance Commissions.
- Fiscal Policy and Fiscal Reforms in India.
Unit – V
- Monetary approach' and adjustment in the balance of payments.
- Regional blocs – multilateralism and world trading system.
- The Political Economy of imposition of non – tariff barriers.
- International trade under conditions of imperfect competition in goods market.
- Theory of International reserves.
- Optimum Currency Areas – Theory and impact in the developed and developing countries.
- WTO and its impact on the different sectors of the economy.
Unit – VI
- Components of money supply.
- Role, constituents and functions of money and capital markets.
- RBI – recent monetary and credit policies.
- Commercial banks and co – operative banks.
- Specialized financial and investment institutions.
- Non – Bank financial institutions and Regional Rural Banks.
Unit – VII
- Industrial structure and economic growth.
- Pattern of industrialization – Public and Private; large and small industries.
- Theories of Industrial location – Indian experience.
- Industrial productivity – measurement, partial and total trends Industrial Finance in India.
- Industrial Labour – Problems, policies and reforms in India Economic Reforms and industrial growth.
Unit – VIII
- Population and Economic development – interrelation between population, development and environment, sustainable development.
- Malthusian theory of population, Optimum theory of population, theory of demographic transition, population as 'Limits to Growth' and as 'Ultimate Source'.
- Concepts of Demography – Vital rates, Life tables, composition and uses, Measurement of fertility – Total fertility rate, gross and net reproduction rate – Age pyramids, population projection – stable, stationary and quasi – stationary population; characteristics of Indian population through recent census.
- Poverty in India – Absolute and relative; analysis of poverty in India.
- Environment as necessity – amenity and public goods; causes of environmental and ecosystem degeneration – policies for controlling pollution – economic and persuasive; their relative effectiveness in LDCs; Relation between population, poverty and environmental degradation – microplanning for environment and eco – preservation – water sheds, joint forest management and self – help groups.
- Role of State in environmental preservation – Review of environmental legislation in India.
Unit – IX
- Role of Agriculture in Indian Economy – Share of Agriculture, interrelationship between agriculture and industry.
- Institutional aspects – Land reforms, Green revolution.
- Technological aspects – Agricultural inputs and shifts in production function.
- Capital formation in the rural sector – Savings, assets and credits.
- Strategies for rural development.
- Regional disparities in Indian agriculture.
- Cooperative movement in India – Organization, structure and development of different types of cooperatives in India.
Unit – X
- Application of Differential and Integral Calculus in theories of consumer behaviour, Production and pricing under different market conditions.
- Input – output analysis and linear programming.
- Application of Correlation and Regression.
- Testing of Hypothesis in Regression Analysis.
UGC/CBSE NET PAPER III (B) ( Elective / Optional )
Elective – I
- Single Equation Linear Model
- Simultaneous Equation models
- Techniques of Forecasting
Elective – II
- Theory of Consumer Behaviour and Theory of Firms.
- Theory of Pricing – Monopoly, Monopolistic competition, Duopoly and Oligopoly.
- Theory of Games – Two – person, Zero – sum Game, Pure and Mixed strategy, Saddle point solution, Linear programming and input output analysis.
- Static and Dynamic Multiplier and Accelerator, Samuelson – Hicks trade cycle model.
- Growth Models – Harrod and Domar, Neoclassical models – Solow, Meade, Kaldor's Model with technological progress, endogenous growth models.
- Employment and output determination with fixed and flexible prices ( IS – LM, Aggregate demand and aggregate supply analysis ).
Elective – III
- The Rise and Fall of Bretton – Wood and emerging International Monetary System.
- World Trading System – Evolution and Distortions.
- Globalization – Developments in Exchange Markets, Euro – Currency Markets, and International Bond Markets, International Debt crisis.
- Theory of Foreign Exchange Markets – Exchange Trading, Arbitrage and Market Hedging.
Elective – IV
- Growth and Productivity trends in Indian Agriculture.
- Development of distributive institutions – Costs and price policies.
- Agricultural marketing and credit.
- Trends in migration and labour markets. Minimum Wages Act.
- WTO and sustainable agricultural development.
- Reforms in Indian agriculture.
Elective – V
- Planning and Economic Development.
- Costs, Prices, WTO and Indian Agriculture.
- Globalization, Liberalization and the Indian Industrial Sector.
- Infrastructure and Economic Development.
- Social Sector, Poverty and Reforms in India.
- Women, Environment and Economic Development.
- Trade Reforms and Liberalization.
- Financial sector reforms.
- Fiscal policy and fiscal reforms.
Recommened Economics Books:
- Economics for UGC - NET / SLET & other competitive examinations for essay type, analytical & text based question By K.R Gupta
- Objective Economics PB By Sanjay Kumar
- Modern UGC NET / SLET Economics By A Team Of Experts
- UGC NET Economics Previous years papers By R.Gupta
- UGC NET / JRF / SET Economics By Gopal Garg
- Trueman's UGC NET / SET Economics By Sriniwas Shirur
Download previous years Economics question papers
For 2015 to 2017 - http://cbsenet.nic.in/cbsenet/QuestionPaperDec2015.aspx
For 2000-2015 : http://www.ugcnetonline.in/previous_question_papers.php
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