NTA conducts UGC NET for multiple subjects, and Economics is one of those subjects. UGC NET Economics Syllabus consists of two papers: Paper I and Paper II. Several changes have been made in UGC NET Syllabus in 2018, as the exam conducting authority removed paper III, and decided to conduct this national-level exam only for two papers for all the subjects.
As per the latest official updates, UGC NET Economics Syllabus 2023 is released by NTA on its official website. So, the candidates who wish to appear in the upcoming exam must check UGC NET Economics Syllabus and its chapter-wise details to score a good rank in the exam. Here, we have shared a detailed study for the Economics syllabus for the upcoming UGC NET 2023.
UGC NET Economics Syllabus 2023
The UGC NET Economics Syllabus contains two papers. In paper I, 50 MCQs are asked worth 2 marks each. While paper II consists of Economics based 100 MCQs worth 2 marks each. So, it is important to you understand the pattern before start preparing for UGC NET Economics Syllabus. Note that, both papers will be held in a single 3-hours session in an online CBT mode and there will be no break between the papers. Check the important units of the UGC NET Economics Syllabus below.
UGC NET Economics Syllabus highlights
Let’s know some important highlights related to UGC NET Economics Syllabus 2023
| Question Types | MCQs |
| Number of Papers | 2 Papers
Paper 1: General Paper 2: Economics |
| Total Marks | Paper 1: 100
Paper 2: 200 |
| Exam Duration | 3 hours |
| Marking Scheme | +2 for every correct answer |
| Negative Marking | No |
UGC NET Economics Syllabus: Detailed Unit-Wise Chapters
Check the list below to know the units and important chapters, which are needed to prepare for the upcoming UGC NET exam.
| Unit 1: Micro Economics | 1. Theory of Consumer Behavior
2. Decision-making under uncertainty attitude towards risk 3. Factor Pricing 4. Theory of Production and Costs 5. General Equilibrium Analysis |
| Unit 2: Macro Economics | 1. National Income: Concepts and Measurement
2. Consumption Function 3. Determination of output and employment 4. Investment Function 5. Inflation and Phillips Curve Analysis |
| Unit 3: Statistics and Econometrics | 1. Probability Theory
2. Sampling methods & Sampling Distribution 3. Descriptive Statistics 4. Linear Regression Models and their properties 5. Statistical Inferences, Hypothesis testing |
| Unit 4: Mathematical Economics | 1. Differential Calculus and its Applications
2. Static Optimization Problems and their applications 3. Difference and Differential equations with applications 5. Sets, functions and continuity, sequence, series 6. Linear Algebra–Matrices, Vector Spaces |
| Unit 5: International Economics | 1. International Trade: Basic concepts and analytical tools
2. Theories of International Trade 3. GATT, WTO, and Regional Trade Blocks; Trade Policy Issues 4. International Trade under imperfect competition 5. Exchange Rate: Concepts and Theories |
| Unit 6: Public Economics | 1. Market Failure and Remedial Measures
2. Regulation of Market 3. Public Budget and Budget Multiplier 4. Public Debt and its management 5. Fiscal Policy and its implications |
| Unit 7: Money & Banking | 1. Components of Money Supply
2. Capital Market and it’s Regulation 3. Commercial Banking 4. Instruments and Working of Monetary Policy 5. Non-banking Financial Institutions |
| Unit 8: Growth and Development Economics | 1. Economic Growth and Economic Development
2. Theories of Economic Development 3. Indicators of Economic Development 4. Models of Economic Growth 5. Technical progress |
| Unit 9: Environmental Economics and Demography | 1. Concepts and Measures: Fertility, Morbidity, Mortality
2. Age Structure, Demographic Dividend 3. Cost-Benefit Analysis, and Compensation Criteria 4. Valuation of Environmental Goods 5. Market Failure |
| Unit 10: Indian Economy | 1. Economic Growth in India: Pattern and Structure
2. Centre-State Financial Relations and Finance Commissions of India; FRBM 3. Poverty, Inequality & Unemployment 4. Reforms in Land, Labour, and Capital Markets 5. Infrastructure Development |
UGC NET Economics Syllabus – Download PDF
How to Prepare UGC NET Economics Syllabus 2023?
Below are some expert tips that you can follow to prepare IGC NET Economics Syllabus.
- Make a daily schedule and divide equal time for each of the chapters.
- Solve previous year’s question papers and sample questions for conceptual clarity.
- Do revisions on a daily basis and check if anything is left to be prepared.
- Attempts UGC NET mock tests, to keep track of your preparation
- Select the best books as per toppers’ choices to score good rank in the exam.
