The Common University Entrance Test (CUET) is a national-level entrance exam conducted by the National Testing Agency (NTA). Designed to transform the undergraduate admission landscape, CUET offers a single, transparent, and merit-based platform that facilitates admission to candidates based on subject knowledge relevant to their chosen programs. Famous to aid admission in various domains, CUET is accepted by more than 280 universities in India and covers all UG programs in Humanities, Commerce, Engineering and Science.
To perform to your utmost potential, it is always smart to understand the Economics syllabus before starting your preparation. In this article, Hitbullseye aims to help you stay informed about the updated syllabus and latest trends if you are thinking of choosing Economics as Paper- II: Domain Subjects.
Why Choose Economics as a Domain Subject?
Economics has progressively entered the professional education pathway, opening doors for young minds who are interested in the study of the world’s ecosystem and economy. Choosing Economics as one of the domain subjects is a wise choice for those who are looking to pursue B.A./B.Com./B.Sc. in Economics or any other related academic course that demands this subject.
Top colleges that hold economics-related courses include Shri Ram College of Commerce (SRCC), St. Stephen's College, Lady Shri Ram College for Women (LSR), Hindu College and Hansraj College. The list also includes top private colleges like Ashoka University, St. Xavier's College and more.
What is the CUET Economics 2027 Syllabus?
CUET Economics Syllabus 2027 has been curated after keeping in mind the CBSE Class 12 NCERT Syllabus. Aligned to the same, CUET Economics Syllabus is divided into the following three courses:
- Course I: Introductory Microeconomics
- Course II: Introductory Macroeconomics
- Course III: Indian Economic Development
All these courses are then further segregated into units to accumulate the respective subjects. The sections below cover each course separately.
CUET Free Master Classes:
Course I: Introductory Microeconomics
- Unit I: Introduction, Theory of Consumer Behaviour
What is microeconomics?
Central problems of an economy
Consumer’s Equilibrium: meaning and attainment of equilibrium through Utility Approach: One and two commodity cases, Consumers Budget and Optimal choice of the consumer.
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, factor determining price elasticity of demand for a good.
- Unit II: Production and Costs.
Production function: Short run and Long run production function
Shapes of TP, MP and AP curves
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.
- Unit III: The Theory of the firms under perfect competition
Features of perfect competition
Profit maximization.
Price determination under perfect competition – equilibrium price, effects of shifts in demand and supply.
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.
- Unit IV: Market Equilibrium and Simple Applications
Market equilibrium, excess demand, excess supply
Applications: Price ceiling and Price flooring.
Course II: Introductory Macroeconomics
- Unit I: Introduction and National Income Accounting
What is macroeconomics?
Basic concepts in macroeconomics: Circular flow of income; Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method
Aggregates related to National Income: Factor Cost, Basic Prices and Market Price. GDP and Welfare
- Unit II: Money and Banking
Meaning and functions, supply of money - Money Creation and Money Multiplier.
Central bank and its functions (example of the Reserve Bank of India)
Policy tools to control money supply.
- Unit III: Determination of Income and Employment
Aggregate demand and its components.
Determination of Income in two sector model.
Problems of excess demand and deficient demand; measures to correct them - changes in government spending, taxes and money supply
Multiplier mechanism.
- Unit IV: Government Budget and the Economy
Government budget - meaning, objectives and components
Classification of receipts - revenue receipts and capital receipts; Classification of expenditure – revenue expenditure and capital expenditure.
Balanced, Surplus and Deficit Budget – measures of government deficit.
- Unit V: Open Economy Macroeconomics
Balance of payments account - meaning and components
Balance of payments – Surplus and Deficit
Foreign exchange rate - meaning of fixed and flexible rates and managed floating.
Merits and demerits of exchange rate regimes.
Determination of exchange rate.
Managed Floating
Course III: Indian Economic Development
- Unit I: Development Policies and Experience (1947-90)
A brief introduction of the state of 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 II Economic Reforms since 1991: Macroeconomics: Meaning.
Economic Reforms since 1991: Features and appraisals of liberalisation, globalisation and privatisation (LPG policy)
- Unit III: Current challenges facing the Indian Economy
Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India
Rural development: Key issues - credit and marketing - role of cooperatives; agricultural market system, Agriculture diversification; alternative farming - organic farming
Employment: Growth and changes in workforce participation rate in formal and informal sectors; problems and policies
Environment and Sustainable Development: Definition and Functions, State of India’s environment, Strategies for sustainable development.
- Unit IV: Development Experiences of India: A comparison with neighbours.
A comparison with neighbours.
Issues: economic growth, population, sectoral development, and other
Human Development Indicators.
Development Strategies
Looking to prepare strategically and to your full potential? Click on the link below and download Hitbullseye’s Comprehensive CUET Economics study Book.
Frequently Asked Questions (FAQs)
- What is the CUET Exam Pattern specifically for Economics?
A: Economics falls under Paper II: Domain Subject Code 309. The section is expected to hold 50 Multiple Choice Questions (MCQs) with a time limit of 60 minutes. 5 are awarded for every correct answer; however, –1 is deducted for every incorrect answer, and 0 for unattempted questions.
- Has the CUET Economics syllabus had any recent changes?
A: Yes. The Indian Economic Development section has been added as a separate course, and Micro and Macro economics have been reorganised as Course I and Course II, respectively.
- How important are numerical questions in CUET Economics?
A: Numericals carry a significant weight, often around 20-30% of the CUET Entrance Exam. Key topics include price elasticity of demand/supply, national income calculations (GDP, GNP, NNP, etc.), investment multiplier, money multiplier, and cost/revenue relationships.
- Which topics hold the highest weightage?
A: There is no official record of important topics in CUET Economics section, however, based on the recent trends, Demand, Supply & Market Equilibrium; National Income & Related Aggregates; Money & Banking; Determination of Income & Employment; Indian Economic Development; and Cost, Revenue & Producer’s Equilibrium are some of the topics you can focus on while preparing for the CUET Economics Entrance Exam.
- Is NCERT enough for CUET Economics preparation?
A: Yes, NCERT is the primary and most important resource material when preparing for CUET Economics Domain Subject. This is because the book covers all the three courses expected in the exam. Once the concepts are clear, the student can focus on practicing previous-year CUET papers, mock tests, and a good MCQ practice book for application-based and assertion-reason questions.
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