CUET SYLLABUS FOR BUSINESS ECONOMICS

CUET SYLLABUS FOR BUSINESS ECONOMICS Image

ECONOMICS/BUSINESS ECONOMICS-309

Introductory Microeconomics 

Units No:

Unit Name

Chapters

 

Unit I

 

INTRODUCTION
  • What is Micro Economics?
  • Central Problems

 

Unit II

Consumer Behavior and Demand
  • Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: One and two commodity cases. 
  • 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

 

Introductory Macroeconomics

Units No:

Unit Name

Chapters

 

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).
  • 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

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 non-plan, 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.

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

INDIAN ECONOMIC DEVELOPMENT: 

Units No:

Unit Name

Chapters

 

Unit I

Development Experience (1947-90) and Economic Reforms since 1991
  • A brief introduction of the state of the Indian economy on the eve of independence. Indian economic system and common goals of Five-year Plans. Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance), and foreign trade.

 

Unit II

Current challenges facing the Indian Economy
  • Poverty – absolute and relative; Main programs for poverty alleviation: A critical assessment
  • Human Capital Formation – How many people become resources; Role of human capital in economic development
  •  Rural development: Key issues – credit and marketing – the role of cooperatives; agricultural diversification;
  • Employment: Growth and changes in the workforce participation rate in formal and informal sectors; problems and policies
  • Infrastructure: Meaning and Types: Cases Studies: Health: Problems and Policies – A critical assessment
  • Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming

Unit III

Development Experience in India
  • A comparison with neighbors
  • India and Pakistan
  • India and China
  • Issues: economic growth, population, sectoral development,and other Human Development Indicators

Tips For Economic/ Business 

  • It is very difficult to cram a subject like economics. So, it is beneficial if you take notes, attend lectures and study actively and enhance your economic vocabulary by knowing the definitions, meaning of different economic-related terms and even participating in a discussion to understand if it makes sense or not.

  • Before attending a class, try to skim the chapter so as to have an idea of what are the concepts to be learned in that chapter.

  • Move topic-wise. For example, read something on microeconomics, then move to some other book to understand microeconomics in greater depth. Then move to a book that teaches macroeconomics. This way, you will not study disjoint material.

  • Try to figure out what a specific problem asks for. Talk about the data needed to answer it. Know what you are looking for (for example what quantity should the firm produce), know how to find it (look for the intersection of MR and MC), and other factors needed for the outcome to be optimal.

  • Think about what you read and ask questions of yourself.

  • Try to know the various economic models. Look for figures of the models and read the captions. If you don't quite get the idea behind it, then find the part in the text that describes the model through an example.

  • Ensure that you understand all the terms in bold. Most of these terms would be recurring concepts throughout the course (for example supply, demand, elasticity, market and industry)

Also Check:-

Frequently Asked Questions

Q. How many questions will be asked in CUET 2022 examination? ?

A. There will be three parts of the CUET 2022 test. In Section IA, Section IB, and Section II 50 questions will be asked whereas in Section III, 75 questions will be asked.

Q. What documents or certificates do I need to upload along with the Application Form? ?

A. Candidates need to upload the following with the application form:  Scanned images of photograph and signature,  Certificates in respect of PwD/Category/BPL Certificate as applicable. The documents / certificates etc., shall be verified directly at the time of admission by the University

Q. CUET 2022 Examination will be conducted in which mode? ?

A. CUET 2022 examination will be conducted in online mode.