New pattern of UGC NET exam comprises of objective type questions only. The test includes questions to evaluate the general ability and the subject knowledge of the candidate. Micro Economics, Macro Economics, International Economics, Public Finance, etc forms the syllabus of the exam. Questions based on these topics will be asked in the last two sections where as first section includes questions on English Language, General Awareness, etc.

Exam Pattern for UGC NET- Economics

Written test covers questions of objective model. There will be three papers for the test. Paper I includes 60 questions out of which 50 need to be attempted. Paper II and Paper III will have 50 and 75 questions respectively. Questions under these two papers are compulsory. Each question in all of these sections carries 2 marks. Therefore, Paper I and Paper II carries 100 marks each and Paper III carries 150 marks. Time allotted for answering first two papers are 1 hour and 25 minutes each. Paper III must be completed in another 2 and half hours. A minimum of 40% marks is required to qualify in Paper I or Paper II. Candidate must score at least 50% marks in Paper III to get through to pass.

Syllabus for Paper I

• Reasoning Ability
• Verbal Ability
• Comprehension
• General Awareness

Syllabus for Paper II and Paper II

• Micro Economics
• Demand Analysis
• Theory of Demand
• Hicksian Revised Theory
• Neumann – Morgenstern Statistical Utility Theory
• Armstrong’s  Marginal  Preference  Theory
• Consumer Surplus and Elasticity of Demand
• Theory of Production
• Cost and Revenue
• Cost Concepts
• Revenue Concepts
• Macro Economic Analysis
• Classical Macro Economics
• The Keynesian System
• Theories of Consumption Function
• Investment Function
• Development and Planning
• Classical Models of Growth
• Neo-Classical Growth Models
• Development Models
• Development Strategies
• Planning Models
• Public Finance
• Role of Government in Economic Activity
• Public Budgets
• Public Finance
• Public Revenue
• Public Debt
• Public Expenditure
• International Economics
• International Trade
• Trade and Economic Growth
• Trade Policy
• Impact of Tariffs
• Indian Economy
• Basic Economic Indicators
• Agriculture
• Money and Banking
• Public Finance
• Foreign Trade
• Statistical Methods
• Measures of Central Tendency
• Theory of Probability
• Correlation and Regression
• Statistical Inferences
• Sampling

Syllabus of the exam is based on topics covered under master level Economics courses like M.A Economics, M.Sc Economics, etc. Books referred during these courses can be referred for exam preparation as well. Thorough knowledge on all fundamental concepts of economics is necessary to clear this objective model test. Those who feel difficulty in self preparation can seek the help of coaching centres near to them.