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UGC NET exam is a national level test undertaken to judge eligibility of candidates for the role of Assistant Professor” and “Assistant Professor and Junior Research Fellowship. The UGC NET/JRF Economics Test Series are of utmost importance for exam preparation. They provide value in terms of time management, preparing aspirants for moderate to difficult level questions given in exams, and make them aware of their weaknesses and strengths. 

UGC NET Economics Syllabus & Exam pattern 2023 

UGC NET Economics Syllabus Paper II

Here we are providing detailed syllabus of UGC NET Economics Syllabus Paper II which has been mentioned in below table section wise.

Unit-1 : Micro Economics

  1. Theory of Consumer Behaviour

  2. Theory of Production and Costs

  3. Decision making under uncertainty Attitude towards Risk

  4. Game Theory – Non Cooperative games

  5. Market Structures, competitive and non-competitive equilibria and their efficiency properties

  6. Factor Pricing

  7. General Equilibrium Analysis

  8. Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization

  9. Welfare Economics: Fundamental Theorems , Social Welfare Function

  10. Asymmetric Information: Adverse Selection and Moral Hazard

Unit-2 : Macro Economics

  1. National Income: Concepts and Measurement

  2. Determination of output and employment: Classical & Keynesian Approach

  3. Consumption Function

  4. Investment Function

  5. Multiplier and Accelerator

  6. Demand for Money

  7. Supply of Money

  8. IS – LM Model Approach

  9. Inflation and Phillips Curve Analysis

  10. Business Cycles

  11. Monetary and Fiscal Policy

  12. Rational Expectation Hypothesis and its critique

Unit- 3 : Statistics and Econometrics

  1. Probability Theory: Concepts of probability, Distributions, Moments,Central Limit theorem

  2. Descriptive Statistics – Measures of Central tendency & dispersions,Correlation, Index Numbers

  3. Sampling methods & Sampling Distribution

  4. Statistical Inferences, Hypothesis testing

  5. Linear Regression Models and their properties – BLUE

  6. Identification Problem

  7. Simultaneous Equation Models – recursive and non-recursive

  8. Discrete choice models

  9. Time Series Analysis

Unit-4 : Mathematical Economics

  1. Sets, functions and continuity, sequence, series

  2. Differential Calculus and its Applications

  3. Linear Algebra – Matrices, Vector Spaces

  4. Static Optimization Problems and their applications

  5. Input-Output Model, Linear Programming

  6. Difference and Differential equations with applications

Unit-5 : International Economics

  1. International Trade: Basic concepts and analytical tools

  2. Theories of International Trade

  3. International Trade under imperfect competition

  4. Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms

  5. Exchange Rate: Concepts and Theories

  6. Foreign Exchange Market and Arbitrage

  7. Gains from Trade, Terms of Trade, Trade Multiplier

  8. Tariff and Non-Tariff barriers to trade; Dumping

  9. GATT, WTO and Regional Trade Blocks; Trade Policy Issues

  10. IMF & World Bank

Unit-6 : Public Economics

  1. Market Failure and Remedial Measures: Asymmetric Information,Public Goods, Externality

  2. Regulation of Market – Collusion and Consumers’ Welfare

  3. Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation

  4. Public expenditure

  5. Public Debt and its management

  6. Public Budget and Budget Multiplier

  7. Fiscal Policy and its implications

Unit-7 : Money and Banking

  1. Components of Money Supply

  2. Central Bank

  3. Commercial Banking

  4. Instruments and Working of Monetary Policy

  5. Non-banking Financial Institutions

  6. Capital Market and its Regulation

Unit-8 : Growth and Development Economics

  1. Economic Growth and Economic Development

  2. Theories of Economic Development: Adam Smith, Ricardo, Marx, Schumpeter, Rostow, Balanced & Unbalanced growth, Big Push approach.

  3. Models of Economic Growth: Harrod-Domar, Solow, Robinson,Kaldor

  4. Technical progress – Disembodied & embodied; endogenous growth

  5. Indicators of Economic Development: PQLI, HDI, SDGs

  6. Poverty and Inequalities – Concepts and Measurement

  7. Social Sector Development: Health, Education, Gender

Unit-9 : Environmental Economics and Demography

  1. Environment as a Public Good

  2. Market Failure

  3. Coase Theorem

  4. Cost-Benefit Analysis and Compensation Criteria

  5. Valuation of Environmental Goods

  6. Theories of Population

  7. Concepts and Measures: Fertility, Morbidity, Mortality

  8. Age Structure, Demographic Dividend

  9. Life Table

  10. Migration

Unit-10 : Indian Economy

  1. Economic Growth in India: Pattern and Structure

  2. Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses

  3. Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses

  4. Services: Pattern & Structure of Growth, Major Challenges, Policy Responses

  5. Rural Development – Issues, Challenges & Policy Responses

  6. Urban Development – Issues, Challenges and Policy Responses.

  7. Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies

  8. Infrastructure Development: Physical and Social; Public-Private Partnerships

  9. Reforms in Land, Labour and Capital Markets

  10. Centre-State Financial Relations and Finance Commissions of India;FRBM

  11. Poverty, Inequality & Unemployment


UGC NET Exam Pattern authorized by NTA. The National Testing Agency (NTA) conducts the UGC NET examination. It is the qualifying examination for the post of Assistant Professor and/Junior Research Fellow in various Universities and Colleges across India. UGC NET exam pattern consists of two papers as usual, that are Paper 1 and 2. Both the papers will contain multiple-choice questions. A total of 150 questions will be given to the candidates that need to be attempted in 3 hours.

There is no provision of negative marking in the UGC NET exam. The exam will be held in an online Computer Based Test (CBT) mode. The exam paper will be available in English and Hindi language only. NTA offers candidates to choose from the provided medium during the UGC NET Application form filling. In the article below, we have provided the complete details regarding the UGC NET exam pattern for Paper 1 and Paper 2.

  • The UGC NET exam comprises two papers - Paper I (Teaching & Research Aptitude), Paper II (Subject opted by the candidate).

  • All questions asked in the examination are objective-type MCQs.

  • There is no negative marking in the examination.

  • Paper I is compulsory for all while for Paper II candidates can opt for the subject relevant to their Master's degree.

  • The exam duration will be 3 hours without any break between the two papers.

Career Scopes After UGC NET Economics 

Generally, students prefer teaching or research in their fields after qualifying the UGC NET Exam. But there are various other job profiles you can opt if you don’t wish to be a lecturer or researcher.  

Below, we have provided the list of career opportunities you can choose from, after qualifying UGC NET Economics. 

  • Govt. and private institution lecturer

  • Doctor of Philosophy in economics 

  • Economist or finance employee in PSUs 

  • Trainer to economics students 

  • Economics books author and editor 

  • Career consultant 

  • Statistician in prestigious private & government organizations 

  • Project Associate, Project Fellow, Research Fellow, Project Assistant in Economics 

  • Economist in Agriculture, Finance, Labour, Business, Research and International Fields 

  • How do I prepare for UGC NET Economics?

  • Go through the UGC NET Economics syllabus and exam pattern thoroughly prior to the commencement of the preparation. This will be helpful in preparing the timetable for the exam.

  • Pick the books and study material suggested by experts and previous toppers as the right books will help you to clear the basic concepts easily and allow you to understand the advanced-level theory without any difficulty.

  • Practice previous year's question papers, UGC NET sample papers, and mock tests to analyze your strength and weakness and increase your question-solving speed and accuracy.

  • Prepare short notes for all the economics topics as these notes will help in the last-minute revision of the entire syllabus.

  • Review all the important topics regularly to retain the concepts for a longer period.

How Sourav sir's Classes can help you attain your goal to clear UGC NET in Economics

Sourav Sir's Classes for UGC NET Economics 2024 Exam aims to provide comprehensive and focused guidance to aspiring candidates. The teaching pattern is designed to cover all essential topics, enhance conceptual understanding, and develop effective exam strategies. The course structure is strategically crafted to optimize learning and ensure success in the UGC NET Economics examination.

  1. Orientation Session:

  • Introduction to UGC NET Economics 2024 syllabus.

  • Overview of the examination pattern, marking scheme, and important dates.

  • Setting realistic goals and expectations for the course.

  1. Subject-wise Breakdown:

  • In-depth coverage of each subject as per the UGC NET Economics syllabus.

  • Detailed lectures on Microeconomics, Macroeconomics, Indian Economy, Mathematical Economics, and Econometrics.

  • Emphasis on key theories, concepts, and historical developments.

  1. Interactive Lectures:

  • Engaging and interactive lectures led by Sourav Sir to clarify doubts and facilitate discussions.

  • Utilization of multimedia resources, case studies, and real-world examples to enhance understanding.

  1. Comprehensive Study Material:

  • Distribution of well-structured study materials, including lecture notes, practice questions, and reference materials.

  • Regular updates to incorporate changes in the syllabus or exam pattern.

  1. Regular Assessments:

  • Weekly quizzes and topic-wise tests to evaluate understanding and identify areas of improvement.

  • Full-length mock exams to simulate the UGC NET Economics exam environment.

  1. Doubt Resolution Sessions:

  • Dedicated sessions for addressing student queries and clarifying doubts.

  • Availability of online forums and platforms for continuous doubt resolution.

  1. Revision Classes:

  • Periodic revision classes to reinforce key concepts and ensure retention.

  • Revision of important formulas, theories, and historical events.

  1. Exam Strategies and Time Management:

  • Guidance on effective time management during the examination.

  • Tips and strategies for approaching different question types and sections.

  1. Personalized Guidance:

  • One-on-one sessions with Sourav Sir for personalized guidance and feedback.

  • Individualized study plans for students based on their strengths and weaknesses.

  1. Current Affairs and Contemporary Issues:

  • Integration of current affairs and relevant contemporary economic issues into the curriculum.

  • Regular updates on recent economic developments to enhance awareness.

  1. Online Support and Resources:

  • Access to an online learning portal with recorded lectures, additional resources, and discussion forums.

  • 24/7 technical support for any issues related to online access.

  1. Feedback and Continuous Improvement:

  • Regular feedback sessions to gather input from students and make necessary adjustments to the teaching approach.

  • Continuous monitoring of student performance to track progress.

By following this teaching pattern, Sourav Sir's Classes aim to empower students with the knowledge, skills, and confidence needed to excel in the UGC NET Economics 2024 Exam.

  UGC NET ECONOMICS Syllabus explained in details

UGC NET ECONOMICS PAST YEAR PAPERS [SOLVED] preparation, Economics online classes

UGC NET ECONOMICS Solution answers to questions short cut tricks 2016 analysis of concepts included

Economics UGC-NET/ JRF July past year papers Solved by Scholar







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