UGC NET Economics Syllabus 2026: Download Paper 1 & 2 PDF (English/Hindi)

UGC NET Economics Syllabus & Exam Pattern 2026

The UGC NET Economics exam consists of 150 objective-type questions totaling 300 marks, to be completed within a 3-hour duration. The test is divided into two papers with no negative marking. Below, we break down the critical details of the UGC NET Economics Exam Pattern 2026.

Practice with Free UGC NET Mock Tests 2026

UGC NET Paper 2 Marking Scheme

The UGC NET exam is conducted in two papers held in a single session without breaks. Candidates aiming for success should thoroughly understand the marking scheme and structure. The exam features Multiple Choice Questions (MCQs) designed to test analytical skills within the allotted 3-hour window. Review the following instructions to master the UGC NET Economics Marking Scheme.

• Correct Answer Marking: 2 marks will be given for the correct answer
• Wrong Answer Marking: There will be no negative Marking for the wrong answer

UGC NET Minimum Qualifying Marks

The NTA conducts the UGC NET exam at various centers nationwide. The minimum qualifying marks for the Economics paper vary by candidate category. Refer to the table below for the complete breakdown of the UGC NET Economics passing criteria.

UGC NET Paper 2 Economics Syllabus

We have compiled a detailed, section-wise syllabus for the UGC NET Syllabus for Economics Paper II to help you organize your preparation effectively.

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 & Dispersion, 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 its 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

UGC NET Economics Syllabus Paper II PDF in Hindi and English

You can download the official UGC NET Economics Syllabus PDF 2026 in both Hindi and English via the links provided below. Prepare efficiently by using these detailed, unit-wise documents to guide your study plan.