UGC NET Economics Syllabus 2021 In Hindi & English | Download Economics Syllabus PDF

UGC NET Economics Syllabus in Hindi & English

UGC NET Economics Syllabus 2021: University Grants Commission National Eligibility Test for the year 2021 will be conducted in the month of June and December, as per a notification released by the National Testing Agency.

The agency has successfully conducted the UGC NET exam in December 2020 through the computer-based mode for the first time. The exam is conducted for two papers – Paper-I and Paper-II. Paper-I is common for all and tests your teaching and research ability while Paper-II is subject-specific. You should choose the post-graduation subject for Paper-II.

Here we have provided the latest UGC NET Economics Syllabus in Hindi and English.

You can check easily check the Economics syllabus and also able to download the PDF.

UGC NET Economics Syllabus 2021 | Download PDF

UGC NET Exam, the exam which tests the eligibility of Indian Nationals for ‘Assistant Professor’ or for ‘Junior Research Fellowship and Assistant Professor’ both in Indian Universities and Colleges.

Before starting a complete guide on UGC NET Syllabus 2021 for Economics,  you should have an overview of the exam.

UGC NET 2021 Exam Overview

Here you can check the UGC NET exam overview:

Exam Name University Grants Commission National Eligibility Test
Commonly known as UGC NET Exam
Conducting Body National Testing Agency (NTA)
Exam Level National
Official Website
Periodicity Twice in a year (June and December)
Conducted for Junior Research Fellowship and Assistant Professorship
Mode of Exam Computer-based Test (Online mode)
Medium English or Hindi
NET Application fees  Gen – ₹1000, OBC/ EWS- ₹500, SC/ ST/ PwD/ Transgender – ₹250
UGC NET Helpdesk 8076535482, 7703859909 |,

UGC NET 2021 Exam Important Dates

Here you can check important dates for UGC NET 2021 Exam

Events Dates 2021
June Session 2020 (Announced) December Session 2020 (Tentative)
UGC NET 2021 Notification 16th March 2020 Feb 2nd, 2021
Release of Online Application 16th March 2020 Feb 2nd, 2021
Last date to fill online application 30th June 2020 2nd March 2021
Last date of application fee payment 30th June 2020 3rd March 2021
Correction starts 6th July to 20th July 2020 Yet to Announce
Correction re-started 1st September 2020
Availability of Admit card August 2020 April 2021
UGC NET 2021 Exam 16th-18th & 21st-25th September 2020  May 2nd to 17th May 2021
Release of Answer Key September/ October 2020 June 2021
Announcement of Results October 2020 June 2021

UGC NET Economics Syllabus 2021 In English

Here you can check the latest UGC NET Syllabus For Economics 2021 for English Medium.


Code No.: 01

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
  • Factor Pricing
  • General Equilibrium Analysis
  • Efficiency Criteria: Pareto-Optimality, Kaldor – Hicks and Wealth Maximization
  • Welfare Economics: Fundamental Theorems, Social Welfare Function
  • Asymmetric Information: Adverse Selection and Moral Hazard

Unit-2: Macro Economics

  • National Income: Concepts and Measurement
  • Determination of output and employment: Classical & Keynesian Approach
  • Consumption Function
  • Investment Function
  • Multiplier and Accelerator
  • Demand for Money
  • Supply of Money
  • IS-LM Model Approach
  • Inflation and Phillips Curve Analysis
  • Business Cycles
  • Monetary and Fiscal Policy
  • Rational Expectation Hypothesis and its critique

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
  • Identification Problem
  • Simultaneous Equation Models – recursive and non-recursive
  • Discrete choice models
  • Time Series Analysis

Unit-4: Mathematical Economics

  • Sets, functions and continuity, sequence, series
  • Differential Calculus and its Applications
  • Linear Algebra – Matrices, Vector Spaces
  • Static Optimization Problems and their applications
  • Input-Output Model, Linear Programming
  • Difference and Differential equations with applications

Unit-5: International Economics

  • International Trade: Basic concepts and analytical tools
  • Theories of International Trade
  • International Trade under imperfect competition
  • Balance of Payments: Composition, Equilibrium and Disequilibrium and Adjustment Mechanisms
  • Exchange Rate: Concepts and Theories
  • Foreign Exchange Market and Arbitrage
  • Gains from Trade, Terms of Trade, Trade Multiplier
  • Tariff and Non-Tariff Barriers to trade; Dumping
  • GATT, WTO and Regional Trade Blocks; Trade Policy Issues
  • IMF & World Bank

Unit-6: Public Economics

  • Market Failure and Remedial Measures: Asymmetric Information, Public Goods, Externality
  • Regulation of Market – Collusion and Consumers’ Welfare
  • Public Revenue: Tax & Non-Tax Revenue, Direct & Indirect Taxes, Progressive and non-Progressive Taxation, Incidence and Effects of Taxation
  • Public expenditure
  • Public Debt and its management
  • Public Budget and Budget Multiplier
  • Fiscal Policy and its implications

Unit-7: Money and Banking

  • Components of Money Supply
  • Central Bank
  • Commercial Banking
  • Instruments and Working of Monetary Policy
  • Non-banking Financial Institutions
  • Capital Market and it’s Regulation

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

Unit-9: Environmental Economics and Demography

  • Environment as a Public Good
  • Market Failure
  • Coase Theorem
  • Cost-Benefit Analysis and Compensation Criteria
  • Valuation of Environmental Goods
  • Theories of Population
  • Concepts and Measures: Fertility, Morbidity, Mortality
  • Age Structure, Demographic Dividend
  • Life Table
  • Migration

Unit-10: Indian Economy

  • Economic Growth in India: Pattern and Structure
  • Agriculture: Pattern & Structure of Growth, Major Challenges, Policy Responses
  • Industry: Pattern & Structure of Growth, Major Challenges, Policy Responses
  • Services: Pattern & Structure of Growth, Major Challenges, Policy Responses
  • Rural Development – Issues, Challenges & Policy Responses
  • Urban Development – Issues, Challenges, and Policy Responses.
  • Foreign Trade: Structure and Direction, BOP, Flow of Foreign Capital, Trade Policies
  • Infrastructure Development: Physical and Social; Public-Private Partnerships
  • Reforms in Land, Labour and Capital Markets
  • Centre-State Financial Relations and Finance Commissions of India; FRBM
  • Poverty, Inequality & Unemployment

Download Economics Syllabus 2021 In English

Must-Read UGC NET Economics Exam Pattern 2021

UGC NET Economics Exam has two papers i.e. Paper 1 and Paper 2.

Here you can know the facts about UGC NET Economics Exam 2021

  • The Test will consist of two papers. Both the papers will consist of objective type, multiple-choice questions. There will be no break between papers.
  • For each correct response, the candidate will get 2 marks.
  •  There is no negative marking for an incorrect response.
  • No marks will be given for questions Unanswered/ Marked for Review.
  • If a question is found to be incorrect/ambiguous during the key challenge, only those candidates who have attempted the question and chosen one of the correct answers would be given the credit. Only for dropped question(s), if any, marks will be given to all the candidates.

Here you can take a look at the major highlights of both the papers of the UGC NET Economics 2020 December exam.


UGC NET Paper-I Overview

UGC NET Paper-II Overview

Exam mode



Exam duration

3 hours (180 minutes)

Type of paper

Common for all candidates

Subject-specific questions

Total questions



Type of questions

MCQs; 4 options with only 1 correct option

MCQs; 4 options with only 1 correct option

Total marks



Marking scheme

+2 for correct answer

0 for incorrect answer

+2 for correct answer

0 for incorrect answer

Language of paper

English and Hindi

English and Hindi

Check New UGC NET Economics Exam Pattern 2021

UGC NET Economics Syllabus 2021 In Hindi

Here you can check the latest UGC NET Syllabus For Economics 2021 for English Medium


Download Economics Syllabus 2021 In Hindi

Other Important UGC NET Paper 2 Syllabus

You should have the following study materials to boost your exam preparation for the NTA UGC NET exam.

Click on the link to access other important notes related to the UGC NET Paper 2 exam.

We have covered the detailed guide on UGC NET Economics Syllabus 2021. Feel free to ask us any questions in the comment section below.

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