Economics

UG Courses in Economics

Marking Scheme

Economics Syllabus

Smartkeeda CUET Economics Mock Tests

• Total 50 CUET Economics mock tests

• 20 full-length Economics mock tests

• 30 CUET Economics quizzes

• 2 free Economics mock tests

• Unlimited Reattempt for each test

Key features of the CUET Economics mock test series

• Smartkeeda CUET Economics mock tests follow the latest examination pattern and syllabus prescribed by NTA for CUET 2023 examination.

• An in-depth analysis of your complete performance through a personalized report is provided after the mock test.

• A topic-wise analysis of your strong and weak areas is also displayed after each Economics mock test.

• You can also analyze your question preference in CUET Economics mock tests according to the difficulty level of the questions.

• You can reattempt the questions that you left unattempted or marked incorrectly in the previous attempt.

• With the help of the ‘Compare’ feature, you can compare your performance in each CUET Economics mock test with the top performers of that mock test and understand the approach followed by them to perform better than you.

• Keep a track of your improvement with each CUET Economics mock test by comparing your current performance with past performance.

• The Economics test series is available in English as well as Hindi so you can attempt it in the language of your preference.

Eligibility

Course Duration

Job Opportunities

Colleges / Universities

• Delhi School of Economics (DSE)

• Lady Shri Ram, New Delhi

• Hindu College, New Delhi

• Hansraj College, New Delhi

• Ramjas College, New Delhi

• Jesus and Mary College, New Delhi

• Sri Venkateswara College, New Delhi

• Delhi College of Arts and Commerce, New Delhi

• Shri Ram College of Commerce, New Delhi

Why the Smartkeeda CUET Economics Test series?

• The smart user-friendly interface of CUET by Smartkeeda shall ensure that the interface has elements that are easy to access, understand, and use, fulfilling your CUET exam preparation needs in a faster and more efficient way.

• Attempting Economics mock tests regularly will help you develop time management skills which is one of the prerequisites for any competitive exam.

• A detailed report after the completion of each CUET Economics mock test will inform you about the areas where you need to focus to boost your performance.

• Performing well in the Economics Online Tests will boost your self-confidence and provide you with the required motivation to do well in the exam.

• Frequent revision of the Economics topics through the CUET Economics mock tests will help you improve your overall performance.

• Section IA – 13 Languages
• Section IB – 20 Languages
• Section II – 27 Domain-specific Subjects
• Section III – General Test

Section II – Domain-Specific Subjects

Syllabus: ECONOMICS/BUSINESS ECONOMICS-309

Unit I: Introduction to Microeconomics

• What is microeconomics?
• Central problems

Unit II: Consumer Behaviour and Demand

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

Unit III: 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 IV: 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 V: Money and Banking

• Money: meaning, evolution, and functions
• Central bank: meaning and functions
• Commercial banks: meaning and functions

Unit VI: 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 VII: 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 the recent exchange rate issues

INDIAN ECONOMIC DEVELOPMENT

Unit VIII: 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 IX: Current challenges facing the Indian Economy

• Poverty – absolute and relative; Main programmes for poverty alleviation: A critical assessment;
• Human Capital Formation – How many people become resource; 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 X: Development Experience in India

• A comparison with neighbours
• India and Pakistan
• India and China
• Issues: economic growth, population, sectoral development and other Human Development Indicator