CUET UG अर्थशास्त्र सिलेबस 2027

इकाई 1 Introduction

• What is microeconomics?
• Central problems of an economy, production possibility curve and opportunity cost

इकाई 2 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 demand curve, price elasticity of demand, measurement of price elasticity of demand – percentage, total expenditure and geometric methods

इकाई 3 Producer Behaviour and Supply

Production function: returns to factor and returns to scale

Supply: market supply, determinants of supply, supply schedule, supply curve movement along and shifts in supply curve, price elasticity of supply, measurement of price elasticity of supply percentage and geometric methods

Cost and Revenue: Concepts of costs; short-run cost curves (fixed and variable costs; total, average and marginal costs); concepts of revenue – total, average and marginal revenue and their relationship. Producer’s equilibrium – with the help of MC and MR

इकाई 4 Forms of Market and Price Determination

• Forms of market – perfect competition
• Price determination under perfect competition – equilibrium price, effects of shifts in demand and supply

इकाई 5 Simple Applications of Tools of Demand and Supply Curves

The teachers can be given the flexibility to choose the issues: rationing, floors and ceilings and Food Availability Decline (FAD) Theory (the teachers may also choose alternative examples that are simple and easy to understand)

इकाई 1 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), National Disposable Income (gross and net); Private Income, Personal Income and Personal Disposable Income
• Measurement of National Income –Value Added method, Income method and Expenditure Method

इकाई 2 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

इकाई 3 Money and Banking

• Money: meaning, evolution and functions
• Central bank: meaning and functions
• Commercial banks: meaning and functions
• Recent significant reforms and issues in Indian Banking System: privatisation and modernization

इकाई 4 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
• Downsizing the role of government: meaning and implications

इकाई 5 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 about recent exchange rate issues