tcs academy provides UGC NET Economics coaching in Lucknow with excellent study material, tutorials and test papers for Economics entrance.

UGC NET Pattern for Economics | Understand the Rules for Exam

Subject : Economics / Rural Economics / Co – operation / Demography / Development Planning / Development Studies / Econometrics / Applied Economics / Development Eco. / Business Economics.

General Paper (Paper-I): 100 Marks (50 questions all are compulsory) [Duration: 1 Hours (9:30 am to 10.30 am, IST)]

Subject (Paper-II): 200 Marks (100 questions all are compulsory) [Duration: 2 Hours (11.00 am to 01.00 pm, IST)]

All the questions of Paper-I and Paper-II will be compulsory, covering entire syllabus (including all electives, without options)

Paper-I shall consist of 50 objective type compulsory questions based on the subject selected by the candidate. Each question will carry 2 marks. Paper-II will consist of 100 objective type compulsory questions from the subject selected by the candidate. Each question will carry 2 marks. All the questions of Paper – I and Paper – II will be compulsory, covering entire syllabus (including all electives, without options). The candidate will have to mark the responses for questions of Paper – I, Paper – II  on the Optical Mark Reader (OMR) Sheet provided along with the test booklet.

 

UGC NET PAPER – II

• Micro – Economic Analysis
• Macro – Economic Analysis
• Development and Planning
• Public Finance
• International Economics
• Indian Economy
• Statistical Methods

UGC NET PAPER II (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 NET PAPER II (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 – http://cbsenet.nic.in/cbsenet/QuestionPaperDec2015.aspx
• For 2014 and Earlier : http://www.ugcnetonline.in/previous_question_papers.php