CUET · Economics

Concept-first economics for CUET — pick a concept on the left; every question leads on the idea and the why before the solution.

◈ Domain subjects follow the NCERT Class 12 syllabusConcept-aligned original practice · not official past papers

Syllabus units

official CUET syllabus

Topics

each becomes a concept

Exam weightage

20%

≈ 50 MCQs · one domain subject of your choice · varies by university

Practice Q&A

175

live · concept-first · verified

Your progress

0/175 · 0%

Content in progress — the first units go live soon.

Meaning of microeconomics and macroeconomics

What is an economy? Central problems of an economy — what, how and for whom to produce

Concepts of production possibility frontier and opportunity cost

Consumer’s equilibrium — meaning and attainment via the utility approach (Marshallian) and the indifference-curve approach (with budget line)

Demand — market demand, determinants of demand, demand schedule and demand curve and its slope; movement along and shifts in the demand curve

Price elasticity of demand — factors affecting it; measurement of price elasticity of demand by the percentage-change (proportionate) method

Production function — total product, average product and marginal product; returns to a factor

Cost — short-run costs: total cost, total fixed cost, total variable cost; average fixed cost, average variable cost, average total cost and marginal cost — their meaning and their relationships

Revenue — total, average and marginal revenue

Producer’s equilibrium — meaning and its conditions in terms of marginal revenue and marginal cost

Supply — market supply, determinants of supply, supply schedule and supply curve and its slope; movements along and shifts in the supply curve; price elasticity of supply and its measurement

Perfect competition — features; determination of market equilibrium price and effects of shifts in demand and supply

Simple applications of demand and supply tools — price ceiling and price floor

Concepts of other market forms — monopoly, monopolistic competition and oligopoly (features and distinctions)

Some basic concepts of macroeconomics — consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation

Circular flow of income (two-sector model)

Methods of calculating national income — value-added (product) method, expenditure method and income method

Aggregates related to national income — Gross National Product (GNP), Net National Product (NNP), Gross and Net Domestic Product (GDP and NDP) — at market price and at factor cost

National Disposable Income (gross and net), Private Income, Personal Income and Personal Disposable Income

Nominal and real GDP; GDP and welfare

Money — meaning and supply of money — currency held by the public and net demand deposits held by commercial banks

Money creation by the commercial banking system

Central bank and its functions (example of the Reserve Bank of India) — bank of issue, government bank, banker’s bank, control of credit through bank rate, CRR, SLR, repo rate and reverse repo rate, and open-market operations; margin requirement

Aggregate demand and its components — propensity to consume and propensity to save (average and marginal)

Short-run equilibrium output; investment multiplier and its mechanism

Meaning of full employment and involuntary unemployment; problems of excess demand and deficient demand; measures to correct them — changes in government spending, taxes and money supply

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 budgets — measures of government deficit (revenue deficit, fiscal deficit and primary deficit)

Balance of payments account — meaning and components; balance of payments deficit — meaning

Foreign exchange rate — meaning of fixed and flexible rates and managed floating

Determination of exchange rate in a free market

View full official syllabus →

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