UGC NET Syllabus for Economics | Sociology IQ

UGC NET Syllabus for Economics | Sociology IQ

Unit-1 : Micro Economics
1- Theory of Consumer Behaviour
2-Theory of Production and Costs
3- Decision making under uncertainty Attitude towards Risk
4-Game Theory – Non Cooperative games
5- Market Structures, competitive and non-competitive equilibria and their
efficiency properties
6- Factor Pricing
7- General Equilibrium Analysis
8- Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
9- Welfare Economics: Fundamental Theorems , Social Welfare Function
10- Asymmetric Information: Adverse Selection and Moral Hazard 

Unit-2 : Macro Economics
1- National Income: Concepts and Measurement
2- Determination of output and employment: Classical & Keynesian Approach
3- Consumption Function
4- Investment Function
5- Multiplier and Accelerator
6- Demand for Money
7- Supply of Money
8- IS – LM Model Approach
9- Inflation and Phillips Curve Analysis
10- Business Cycles
11- Monetary and Fiscal Policy
12- Rational Expectation Hypothesis and its critique

Unit- 3 : Statistics and Econometrics
1- Probability Theory: Concepts of probability, Distributions, Moments,
Central Limit theorem
2- Descriptive Statistics – Measures of Central tendency & dispersions,
Correlation, Index Numbers
3- Sampling methods & Sampling Distribution
4- Statistical Inferences, Hypothesis testing
5- Linear Regression Models and their properties – BLUE
6- Identification Problem
7- Simultaneous Equation Models – recursive and non-recursive
8- Discrete choice models
9- Time Series Analysis

Unit-4 : Mathematical Economics
1- Sets, functions and continuity, sequence, series
2- Differential Calculus and its Applications
3- Linear Algebra – Matrices, Vector Spaces
4- Static Optimization Problems and their applications
5- Input-Output Model, Linear Programming
6- Difference and Differential equations with applications

Unit-5 : International Economics
1- International Trade: Basic concepts and analytical tools
2- Theories of International Trade
3- International Trade under imperfect competition
4- Balance of Payments: Composition, Equilibrium and Disequilibrium
and Adjustment Mechanisms
5- Exchange Rate: Concepts and Theories
6- Foreign Exchange Market and Arbitrage
7- Gains from Trade, Terms of Trade, Trade Multiplier
8- Tariff and Non-Tariff barriers to trade; Dumping
9- GATT, WTO and Regional Trade Blocks; Trade Policy Issues
10- IMF & World Bank

Unit-6 : Public Economics
1- Market Failure and Remedial Measures: Asymmetric Information,
Public Goods, Externality
2- Regulation of Market – Collusion and Consumers’ Welfare
3- Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
4- Public expenditure
5- Public Debt and its management
6- Public Budget and Budget Multiplier
7- Fiscal Policy and its implications

Unit-7 : Money and Banking
1- Components of Money Supply
2- Central Bank
3- Commercial Banking
4- Instruments and Working of Monetary Policy
5- Non-banking Financial Institutions
6- Capital Market and its Regulation

Unit-8 : Growth and Development Economics
1- Economic Growth and Economic Development
2- Theories of Economic Development: Adam Smith, Ricardo, Marx,
Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push
3- Models of Economic Growth: Harrod-Domar, Solow, Robinson,
4- Technical progress – Disembodied & embodied; endogenous growth
5- Indicators of Economic Development: PQLI, HDI, SDGs
6- Poverty and Inequalities – Concepts and Measurement
7- Social Sector Development: Health, Education, Gender

Unit-9 : Environmental Economics and Demography
1- Environment as a Public Good
2- Market Failure
3- Coase Theorem
4- Cost-Benefit Analysis and Compensation Criteria
5- Valuation of Environmental Goods
6- Theories of Population
7- Concepts and Measures: Fertility, Morbidity, Mortality
8- Age Structure, Demographic Dividend
9- Life Table
10- Migration

Unit-10 : Indian Economy
1- Economic Growth in India: Pattern and Structure
2- Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
3- Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
4- Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
5- Rural Development – Issues, Challenges & Policy Responses
6- Urban Development – Issues, Challenges and Policy Responses.
7- Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
8- Infrastructure Development: Physical and Social; Public-Private Partnerships
9- Reforms in Land, Labour and Capital Markets
10- Centre-State Financial Relations and Finance Commissions of India; FRBM
11- Poverty, Inequality & Unemployment


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