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UGC NET Economics Syllabus 2025: Download PDF Now!
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Theories Evidence and Problems: Demand for Money Notes
Candidates who have pursued a degree in Economics at the Master’s level are eligible to choose Economics as their elective subject in the UGC NET Exam. The UGC NET Economics syllabus will be based on the postgraduate level syllabus of Economics. Before delving into the details of UGC NET JRF Economics Syllabus, let us quickly go through the paper pattern and key points about the exam below –
| UGC NET Economics Syllabus Highlights | |
| Exam Name | UGC NET (University Grants Commission National Eligibility Test) |
| Conducting Body | National Testing Agency (NTA) |
| Subject | Economics |
| Mode of Exam | Online - CBT (Computer-Based Test) |
| Exam Duration | 180 minutes |
| No. of Papers and Total Marks |
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| Total Marks |
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| Total Questions |
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| Marking Scheme |
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UGC NET Economics Syllabus 2025 Paper 2 (Subjects with bullet points already there in the content)
The UGC NET JRF Economics syllabus is comprehensive and consists of the following 10 modules with several sub-topics. This Economics syllabus for UGC NET is designed to assess the candidates' knowledge, critical thinking abilities, and analytical skills in the subject. The following are the important modules included in the UGC NET Economics syllabus –
- Micro Economics
- Macro Economics
- Statistics and Econometrics
- Mathematical Economics
- International Economics
- Public Economics
- Money and Banking
- Growth and Development Economics
- Environmental Economics and Demography
- Indian Economy
Now, let us go through unit-wise UGC NET Economics syllabus topics in detail below –
Unit 1: Micro Economics
- Theory of Consumer Behaviour
- Theory of Production and Costs
- Decision making under uncertainty Attitude towards Risk
- Game Theory–Non-Cooperative games
- Market Structures, competitive and non-competitive equilibria and their efficiency properties
- General Equilibrium Analysis
- Factor Pricing
- Efficiency Criteria: Pareto-Optimality, Kaldor –Hicks and Wealth Maximization
- Asymmetric Information: Adverse Selection and Moral Hazard
- Welfare Economics: Fundamental Theorems, Social Welfare Function
Above are the topics of Unit 1 for UGC NET Paper 2 Economics Syllabus
Unit 2: Macro Economics
- Determination of output and employment: Classical & Keynesian Approach
- National Income: Concepts and Measurement
- Consumption Function
- Investment Function
- Multiplier and Accelerator
- Demand for Money
- Supply of Money
- IS-LM Model Approach
- Inflation and Phillips Curve Analysis
- Monetary and Fiscal Policy
- Business Cycles
- Rational Expectation Hypothesis and its critique
Above are the topics covered in Unit 2 for UGC NET Economics Syllabus
Unit 3: Statistics and Econometrics
- Probability Theory: Concepts of probability, Distributions, Moments, Central Limit Theorem
- Descriptive Statistics– Measures of Central tendency & dispersions, Correlation, Index Numbers
- Sampling Methods & Sampling Distribution
- Statistical Inferences, Hypothesis testing
- Linear Regression Models and their properties – BLUE
- Simultaneous Equation Models – recursive and non-recursive
- Identification Problem
- Discrete choice models
- Time Series Analysis
Above are the topics in Unit 3 for UGC NET Economics Syllabus
Unit 4: Mathematical Economics
- Linear Algebra –Matrices, Vector Spaces
- Input-Output Model, Linear Programming
- Sets, functions and continuity, sequence, series
- Differential Calculus and its Applications
- Static Optimization Problems and their applications
- Difference and Differential equations with applications
Above are the topics covered in Unit 4 for UGC NET code no. 1 Economics Syllabus
Unit 5: International Economics
- International Trade: Basic concepts and analytical tools
- Theories of International Trade
- Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
- International Trade under imperfect competition
- Exchange Rate: Concepts and Theories
- Foreign Exchange Market and Arbitrage
- Tariff and Non-Tariff barriers to trade; Dumping
- Gains from Trade, Terms of Trade, Trade Multiplier
- GATT, WTO and Regional Trade Blocks; Trade Policy Issues
- IMF & World Bank
Above are the topics in Unit 5 for UGC NET Code no. 1 Syllabus
Unit 6: Public Economics
- Market Failure And Remedial Measures: Asymmetric Information, Public Goods, Externality
- Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
- Regulation of Market – Collusion and Consumers’ Welfare
- Public Budget and Budget Multiplier
- Fiscal Policy and its implications
- Public expenditure
- Public Debt and its management
Above are the topics of Unit 6 for UGC NET Economics Syllabus
Unit 7: Money and Banking
- Central Bank
- Commercial Banking
- Components of Money Supply
- Instruments and Working of Monetary Policy
- Capital Market and its Regulation
- Non-banking Financial Institutions
Above are the topics of Unit 7 for UGC NET Economics Syllabus
Unit 8: Growth and Development Economics
- Economic Growth and Economic Development
- Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach
- Models of Economic Growth: Harrod-Domar, Solow, Robinson, Kaldor
- Technical progress–disembodied & embodied; endogenous growth
- Indicators of Economic Development: PQLI, HDI, SDGs
- Poverty and Inequalities – Concepts and Measurement
- Social Sector Development: Health, Education, Gender
Above are the topics in Unit 8 for UGC NET Economics Syllabus.
Unit 9: Environmental Economics and Demography
- Environment as a Public Good
- Market Failure
- Coase Theorem
- Theories of Population
- Concepts and Measures: Fertility, Morbidity, Mortality
- Age Structure, Demographic Dividend
- Cost-Benefit Analysis and Compensation Criteria
- Valuation of Environmental Goods
- Migration
- Life Table
Above are the topics covered in Unit 9 for UGC NET Economics Syllabus.
Unit 10: Indian Economy
- Economic Growth in India: Pattern and Structure
- Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
- Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
- Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
- Urban Development –Issues, Challenges and Policy Responses
- Rural Development –Issues, Challenges & Policy Responses
- Infrastructure Development: Physical and Social; Public-Private Partnerships
- Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
- Centre-State Financial Relations and Finance Commissions of India; FRBM
- Reforms in Land, Labour and Capital Markets
- Poverty, Inequality & Unemployment
Above are the topics in Unit 10 for UGC NET Economics Syllabus.
UGC NET Economics Syllabus PDF
All of the subjects you must study for the UGC NET Economics test are listed in the UGC NET Economics Syllabus PDF. It covers topics like how individuals make decisions, how nations handle their finances, and how to gauge economic expansion. This PDF can be downloaded from reliable websites to aid in your study and test-taking preparation.
Download UGC NET Economics Syllabus PDF in English
UGC NET Economics Syllabus in Hindi PDF
All of the subjects you need to learn for the economics test are covered in the UGC NET Economics Syllabus in Hindi PDF, which is written in Hindi. It covers concepts such as how money functions, how individuals and companies make decisions, and how the government supports the economy. If you wish to study in Hindi, you can obtain this PDF from reliable websites.
Download UGC NET Economics Syllabus PDF in Hindi
Marking Scheme of UGC NET Exam
There are two papers on the UGC NET test that assess your subject and general knowledge. There are just multiple-choice questions on both tests, and each right response earns you two points with no deductions.
| Paper | Subject | Total Questions | Marks per Question | Total Marks | Negative Marking |
| Paper 1 | General Paper (Teaching & Research Aptitude) | 50 | 2 marks | 100 marks | No |
| Paper 2 | Chosen Subject (e.g., English, Economics, etc.) | 100 | 2 marks | 200 marks | No |
Minimum Qualifying Marks for UGC NET Examination
To pass the UGC NET exam, you need to get a minimum number of marks in both papers combined. These marks are different for different categories like General, OBC, SC, ST, and others.
| Category | Minimum Qualifying Marks (Paper 1 + Paper 2) |
| General / Unreserved | 40% |
| OBC (Non-Creamy Layer) | 35% |
| SC (Scheduled Caste) | 35% |
| ST (Scheduled Tribe) | 35% |
| PwD (Persons with Disability) | 35% |
Best Books to Prepare UGC NET Economics Syllabus
To cover the UGC NET Paper 2 Economics Syllabus, it is essential to pick the right books for preparation. The following are some of the expert suggested readings that will help you study the Economics subject properly for the upcoming UGC NET exam –
| S.No. | Book Title | Author | Publisher | Description |
| 1. | Indian Economic Development | T.N. Srinivasan, Utsa Patnaik | Oxford University Press | Covers all aspects of economic development and planning in India. |
| 2. | Development Economics | Debraj Ray | Princeton University Press | Covers growth theories, structural change, inequality, institutions and policies for development. |
| 3. | Advanced Economic Theory | H.L. Ahuja | S. Chand Publishing | Covers important concepts of economic theories including consumer behaviour, production function, factor pricing and welfare economics. Good for microeconomics concepts. |
| 4. | Macroeconomics | Rudiger Dornbusch, Stanley Fischer, Richard Startz | McGraw Hill Education | Standard textbook covering macroeconomic concepts such as national income accounting, inflation, unemployment, economic growth and international finance. |
| 5. | Money, Banking and Finance | NK Taneja | PHI Learning | Comprehensive textbook covering concepts of Indian financial system, monetary policy, banking and trade theory. |
| 6. | Statistics for Economics | U K Sinha, S P Sinha | S. Chand Publishing | Covers statistical and econometric tools required for economic data analysis and research including measures of central tendency, probability, regression and index numbers. |
Go through UGC NET Study Material for Economics and other subjects.
Tips to Cover UGC NET Economics Syllabus
The UGC NET Economics syllabus is quite vast and covers both microeconomics and macroeconomics topics. It is important to have a systematic and focused approach while preparing. Some effective preparation tips to study Economics for UGC NET include –
- Understand the exam pattern and syllabus distribution first. Make note of important topics and allocate time accordingly.
- Read recommended books and refer to the NTA website for detailed syllabus. Books are the backbone for theory preparation.
- Make short summary notes of important concepts, theories and models. Add relevant diagrams and numeric examples.
- Solve as many previous year question papers as possible to get familiar with question patterns and level of difficulty.
- Leave sufficient time for practice. Attempt mock tests under exam conditions to check preparation level.
- Revise with the help of flashcards especially for definitions, formulas and short notes. Test recall regularly.
- Stay updated with current economic events and policies through newspapers and online resources. Knowledge of India's economic realities and priorities will be useful.
- Maintain a positive mindset. Believe in your abilities and preparation. Remain calm during the exam.
Go through UGC NET Exam Dates to be prepared with the complete Economics syllabus well in advance.
Did you find this article on UGC NET Economics Syllabus for Paper 2 to be useful and informative in your exam preparation? Download the Testbook App to get access to industry-best learning resources, expert-recommended preparation tips as well as latest updates about the UGC NET & JRF Exam and other government recruitments.
| UGC NET Important Questions | |
Last updated on Jun 9, 2025
-> The UGC NET Exam Schedule 2025 for June has been released on its official website.
-> The UGC NET Application Correction Window 2025 is available from 14th May to 15th May 2025.
-> The UGC NET 2025 online application form submission closed on 12th May 2025.
-> The June 2025 Exam will be conducted from 21st June to 30th June 2025
-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.
-> The exam is conducted bi-annually - in June and December cycles.
-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions.
-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.
UGC NET Economics Syllabus FAQs
What is the UGC NET Economics Syllabus?
Questions will be asked about the concerned subject topics like Macroeconomics, microeconomics, Money and Banking, etc. The article above offers a detailed UGC NET Economics Syllabus 2023.
Are there any specific topics that candidates should focus on in the UGC NET Economics Syllabus 2023?
While the entire UGC NET Economics Syllabus is important, candidates should pay special attention to certain key topics. These may include demand and supply analysis, national income accounting, monetary policy, fiscal policy, trade theory, economic growth and development, econometric methods, and mathematical modeling in economics.
Is it necessary to refer to specific textbooks for the UGC NET Economics Syllabus 2023?
The UGC NET Economics Syllabus 2023 does not mandate any specific textbooks. However, candidates can refer to standard economics textbooks recommended by experts or academic institutions to gain a comprehensive understanding of the topics covered in the syllabus. It is advisable to choose textbooks that align with the UGC NET Economics Syllabus and cover the required concepts in detail.
How can I effectively prepare to cover the UGC NET Economics Syllabus 2023?
To effectively prepare for the UGC NET Economics Syllabus 2023, it is recommended to follow a structured study plan. Start by thoroughly understanding the syllabus and identifying your strengths and weaknesses. Allocate sufficient time to each topic, revise regularly, and solve previous years' question papers to familiarize yourself with the exam pattern. Additionally, consider joining coaching classes, participating in mock tests, and seeking guidance from experienced faculty or mentors to enhance your preparation.