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NET 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 types, 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. The 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 behavior 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 the theory of output and employment; the 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 economic development - natural resources, population, capital, Human Resource Development, and infrastructure.
- Trade and development - trade as an 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 - Indias 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 the 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 the money supply.
- The role, constituents, and functions of money and capital markets.
- RBI - recent monetary and credit policies.
- Commercial banks and co - cooperative banks.
- Specialized financial and investment institutions.
- Non - Bank financial institutions and Regional Rural Banks.
Unit - VII
- Industrial structure and economic growth.
- A 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, the 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 the recent census.
- Poverty in India - Absolute and relative; analysis of poverty in India.
- Environment as a 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 - watersheds, 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, the interrelationship between agriculture and industry.
- Institutional aspects - Land reforms, Green revolution.
- Technological aspects - Agricultural inputs and shifts in the production function.
- Capital formation in the rural sector - Savings, assets, and credits.
- Strategies for rural development.
- Regional disparities in Indian agriculture.
- The 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 behavior, 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, Kaldors 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 labor 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.
Recommended 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
- Truemans 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