CUET Economics New Syllabus 2026: Added & Deleted Topics in CUET UG

Course I

• Factor determining price elasticity of demand for a good.

• Short run and Long run production function

• Profit maximization

• Problems on Market equilibrium, excess demand, excess supply

• Consumers Budget and Optimal choice of the consumer

• Returns to factor and returns to scale

• Simple Problems on Rationing and Food

• Availability Decline (FAD)

Course II

• Balance of payments – Surplus and Deficit

• plan and non-plan" and "developmental and non-developmental and Downsizing the role of government

• Money Creation and Money Multiplier" and "Policy tools to control money supply

• concepts of GNP, NDP, NNP (at market price and factor cost), National Disposable Income (gross and net); Private Income, Personal Income and Personal Disposable Income

• Recent significant reforms... privatisation and modernization

Course III

This course in added in 2026

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 work force 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.