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Old January 9th, 2017, 12:07 PM
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Join Date: May 2011
Default Re: CUCET Economics Syllabus

Ok, here I am providing you the syllabus of M.A. Economics of Central Universities Common Entrance Test (CUCET).

CUCET M.A. Economics Syllabus

Micro Economics

• Consumer Theory or Behaviour: Demand, Utility, Indifference Curve, Revealed
Preference Theory, Consumer Surplus
• Production Theory: Production Function, Law of Variable Proportions, Returns to
Scale, Cost Function, types and concepts
• Price and Output determination in Market: Perfect and Imperfect Competition
(Monopoly, Price Discrimination, Monopolistic, Duopoly and Oligopoly models)
• General Equilibrium, Efficiency and Welfare: Equilibrium and efficiency under pure
exchange and production; overall efficiency and welfare economics, externality

Macro Economics

• National Income Accounting,
• Income and Output Determination: Aggregate Demand and Aggregate Supply,
Effective Demand Principle, Classical and Keynesian Theory
• Money and Inflation: Demand and Supply of Money, Money Multiplier and High
Powered Money, Credit Creation, Role of Reserve Bank of India and Commercial
Banks, Quantitative Theories of Money, Philip’s Curve
• Monetary and Fiscal Policy of India and Its Role
• Consumption and Investment Function: Permanent, Relative and Life Cycle
Hypothesis, determinants of business fixed investment; residential investment and
inventory investment, Multiplier and Accelerator
• Open Economy Models: Mundell and Fleming Model (IS,LM and BP curve) ,
Balance of Payments, exchange rate determination, Purchasing Power Parity
• Economic Growth: Harrod-Domar Model, Solow Model

Statistical Methods in Economics

• Mean, Mode, Median, Dispersion, Skewness, Quartile Deviation, Average Deviation,
Standard Deviation
• Correlation
• Simple Regression Model
• Probability Distribution
• Sampling

Mathematical Methods in Economics

• Sets and Vector
• Functions of one and several real variable
• Single and Multi variable optimization
• Integration of functions
• Difference equations
• Determinants
• Matrix
• Linear Programming
• Probability
• Differential Equations

Indian Economy

• Overview of colonial economy.
• Macro Trends: National Income; population; occupational structure.
• Agriculture: Agrarian structure and land relations; agricultural markets and institutions –
credit, commerce and technology; trends in performance and productivity; famines.
• Railways and Industry: Railways; the de-industrialisation debate; evolution of entrepreneurial
and industrial structure; nature of industrialisation in the interwar period; constraints to
industrial breakthrough; labour relations.
• Economy and State in the Imperial Context
• The imperial priorities and the Indian economy; drain of wealth; international trade, capital

flows and the colonial economy – changes and continuities; government and fiscal policy.

• New Economic Policy

Public Economics:
Public and Private Goods, Externalities, Budget, Deficits, Public Debt, Fiscal Federalism
in India,
Taxation: its economic effects; dead weight loss and distortion, efficiency and equity
considerations, tax incidence, optimal taxation.
International Trade Theories: Adam Smith, Ricardo, Heckscher-Ohlin model and New
Trade Theories
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