CUET PG Economics Previous Year Question Paper: Download PDF With Solutions

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Micro Economics

• 
  Consumer Theory or Behavior: 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, Phillips’ Curve

• Monetary and Fiscal Policy of India and its role.

Consumption and Investment Function

• 
  Permanent, Real, and Life Cycle Hypotheses, determinants of business fixed investment, residential investment, and inventory investment, Multiplier and Accelerator

• Open Economy Models: Mundell and Fleming Model (IS, L, M, 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 variables: Single and Multi-variable optimization

• Integration of functions

• Difference equations

• Determinants Matrix

• Linear Programming Probability

• Differential Equations

Indian Economy

Overview of the 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-industrialization debate; evolution of entrepreneurial and industrial structure; nature of industrialization in the interwar period; constraints to industrial breakthrough; labor 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

Types of questions

MCQs

Total number of questions

75

Total marks in CUET PG

300 marks

Exam mode

Computer-based mode

CUET PG Marking Scheme

4 marks will be given for each correct response.

1 mark will be deducted for each incorrect response.

CUET PG exam time duration

90 Minutes