UGC NET Economics Exam 2024 Latest Syllabus, Exam Pattern, Eligibility Criteria, Cut-off, Books & Previous Question Paper [Complete Details]

All Important information About UGC NET Economics Exam Like Latest Syllabus, Exam Pattern, books, eligibility Criterion, JRF Age Limit, Cut off & Many More

UGC NET Economics is One of The Important Subjects of the UGC NET Exam. With a Vast Syllabus Based on Micro Economics, Macro Economics, Mathematical Economics, Econometrics & Many More Subjects. Every Year More Then 50000+ Aspirants Apply for UGC NET Economics The Sucess Rate is Just 6%. But Don’t Worry If You Have Proper Knowledge About Exam Like, Syllabus, Pattern, Books, How to Prepare for Economics, etc You Can Easily Crack UGC NET Economics, In This Article, We Will Discuss All the Important information About Exam Like Latest Syllabus, Exam patterns, books, eligibility Criterion, Cut off & Many More Before Start Preparing UGC NET Exam You Must Know All These Details Thoroughly.

First We Start With Syllabus to Analysis Syllabus Before starting Preparation is so Much Important, Because Syllabus Will Tell you Which Topics you Have to Covered & How Many Topics Include

Overview of UGC NET Economics Exam 2024-

UGC NET Economics Latest Syllabus in English 2024-

Even though the subject Topics involved are not as complicated as most other subjects, the syllabus itself is chock full-packed of information. You will be required to break it down accordingly and approach a holistic way of Covering the Syllabus & Learn Topics in Depth. We’ve provided not only the units but also the chapters as well as the topics included in them. It will help you get an idea of what’s to come in the exams themselves. It would be easier to pick up, what topics under them are involved.

UGC NET 2024 Economics Syllabus Subject-Wise

UGC NET Economics Subject Based on Topics & Such Topics such as international Economics, Public Economics, Money & Banking, Macro-Economics  & Many More This means that you’d have to cover a lot of ground to get a surface-level understanding of the fundamentals. While the syllabus is dense, it would help to break down each component that makes a lesson. This is why we’ve broken them down into the Economics UGC NET syllabus according to the names of the units themselves. It would be easier to digest what topics under them are involved so that it would be easy for you to be prepared for the upcoming exams.

The subject code for UGC NET Economics Code -01. It comprises two online papers namely Paper-I & Paper-II with Multiple Choice Questions (MCQ)s.

• UGC NET Economics Paper 1 Syllabus tests teaching and reasoning ability, research aptitude, comprehension, divergent thinking, and general awareness.
•  UGC NET Economics Paper 2 Syllabus is based on the Economics stream. It tests your depth of knowledge and expertise in the respective subject. 

UGC NET Economics Latest Syllabus in Hindi 2024-

यूजीसी नेट अर्थशास्त्र विषय अंतरराष्ट्रीय अर्थशास्त्र, सार्वजनिक अर्थशास्त्र, धन और बैंकिंग, मैक्रो-अर्थशास्त्र और कई अन्य जैसे विषयों पर आधारित है। मूल बातें। जबकि पाठ्यक्रम सघन है, यह पाठ बनाने वाले प्रत्येक घटक को तोड़ने में मदद करेगा। यही कारण है कि हमने उन्हें इकाइयों के नाम के अनुसार अर्थशास्त्र यूजीसी नेट पाठ्यक्रम को तोड़ दिया है। यह समझना आसान होगा कि उनके अंतर्गत कौन से विषय शामिल हैं ताकि आपके लिए आगामी परीक्षाओं के लिए तैयार होना आसान हो जाए।

UGC NET अर्थशास्त्र कोड -01 के लिए विषय कोड। इसमें दो ऑनलाइन पेपर शामिल हैं, अर्थात् पेपर- I और पेपर- II बहुविकल्पीय प्रश्नों (MCQ) के साथ।

UGC NET अर्थशास्त्र का पेपर 1 सिलेबस शिक्षण और तर्क क्षमता, अनुसंधान योग्यता, समझ, भिन्न सोच और सामान्य जागरूकता का परीक्षण करता है।
यूजीसी नेट इकोनॉमिक्स पेपर 2 सिलेबस होम साइंस पर आधारित है। यह संबंधित विषय में आपके ज्ञान और विशेषज्ञता की गहराई का परीक्षण करता है।

Benefits Of Analysis Latest UGC NET Economics Syllabus 2024

For any preparation to be successful, knowing the syllabus and exam pattern is essential. You can definitely score more with the proper use of the UGC NET Economics Syllabus.

Some notable benefits of the new UGC NET Economics 2024 Syllabus are as below:

• UGC NET Economics Syllabus covers all topics that are important for the examinations. 
• UGC NET Syllabus for Economics also mentions the weightage allotted to different units and chapters, knowing which you may form a strategy for preparing for chapters with high or low weightage.
• The question paper format is also explained in the syllabus.
• Having a clear understanding of your syllabus and the weightage of various sections will definitely help you decide how much time you should dedicate to each section.
• Generally, the exam papers for each course are designed as per the syllabus prescribed for that course.
• So, preparing according to the topic and instructions mentioned in the syllabus obviously helps to crack the exam with good scores.

UGC NET Economics Important Topics As Per Exam –

As Per past year’s Repeated Topics based questions, the faculty Suggested Topics is are very Important for Exam Perspective.

• efficiency properties
• Hicks and Wealth Maximization
• health Maximization
• Rational Expectation Hypothesis and its critique
• Simultaneous Equation Models
• Input-Output Model
• Trade Multiplier
• Tax & Non-Tax Revenue
• Public expenditure
• Linear Algebra – Matrices, Vector Spaces
• Social Sector Development
• PQLI, HDI, SDGs
• Non-banking Financial Institutions
• Discrete choice models

Career Scope & Job of UGC NET Economics Qualified Students –

The UGC NET in Economics course can prepare students for jobs after UGC NET in Economics in a variety of research and development agencies and schools. Research and development jobs in the field of Economics in India have a vast scope and are expected to increase rapidly. Graduates of the UGC NET Economics program acquire skills and qualifications that can be applied to their careers as economic scientists.

Following completion of UGC NET & the Doctorate of Philosophy in Economics program in India, students may choose from a variety of specializations, depending on their interests and abilities. UGC NET in Economics scope and salary in India vary depending on the education and experience of the students. A wide variety of career paths is available to graduates of the UGC NET program in Economics. My career after UGC NET is as follows: 

• Political Scientists
• Consultant
• Financial Consultant
• Advisor
• Accountant
• Senior Research Scientist
• Assistant Professor
• Head of the Educational Department
• Senior Economist
• Senior Market Analyst
• Director of Research and Development

Areas of Recruitment for UGC NET Economics Course 

There are many jobs after UGC NET in Economics that are available in both the public and private sectors. Graduates’ education and experience determine the scope of UGC NET in Economics and salary. The options available to students who are pursuing a UGC NET Economics degree are many. 

Advances in economics consultancies have increased the scope after completing a UGC NET Economics course in recent years. The student will gain a great deal of consultancy experience and knowledge, which will help him or her gain a competitive salary. The following are some areas in which UGC NET in Economics are recruited: 

• Coaching Centres
• Economics Consultancies
• Economics Department
• Home Tuitions
• Museums
• Private Tuitions
• Publishing Houses
• Research and Development Agencies
• Schools
• Applied Economics
• Econometrics
• Business Economics
• Accounting
• Banking and Finance
• Insurance Investment
• Marketing
• Management
• Manufacturing
• Advertising
• Communication
• Education and Research
• Retailing
• System Analysis

Salary Packages for UGC NET Economics Course 

According to PayScale, UGC NET in Economics salary in India is INR 3-10 LPA. UGC NET Economics jobs salary is determined by education and experience. Graduates of the. UGC NET economics salary in India is moderate compared to students with experience.

The following are the UGC NET Economics starting salaries in India with job designations: 

UGC NET Economics Eligibility Criterion 2024-

Eligibility for UGC NET: Educational Qualification

Candidates securing at least 55% marks in their Master’s Degree or equivalent Degree/ Diploma from recognized universities in Economics or in Relevant Subjects Like Ex–Micro Economics, Macro Economics, Mathematical Economics, etc.

• However, candidates belonging to the non-creamy layer of other backward classes (OBC-NC), scheduled caste (SC), scheduled tribe (ST), persons with disability (PwD), and transgender category have to score at least 50% marks. 
• Candidates who are pursuing their Master’s degree or are waiting for their results or whose qualifying examinations have been delayed can apply for the test.
• However, such candidates will be admitted provisionally and will be considered for award of JRF or recruitment as Assistant Professor only when they will pass their Master’s Degree with at least 55% marks (50% marks for reserved category).
• Such candidates will also have to complete their Master’s degree within two years from the date of the UGC NET 2023 Result with the required percentage of marks, failing which they will be treated as disqualified. 
• Candidates with a Ph.D. degree whose Master’s level examination was completed before September 19, 1991 (irrespective of the date of declaration of result) will be eligible for a relaxation of 5% in aggregate marks (i.e. from 55% to 50%) for appearing in UGC NET 2021.
• Transgender candidates will be provided the same relaxation in fee, age, and qualifying criteria for NET (i.e. JRF and Assistant Professor) as are available to SC/ ST/ PwD categories. The subject-wise cutoffs for the transgender category will be the lowest among those for SC/ ST/ PwD/ OBC–NCL categories in the respective subject.
• Candidates are suggested to choose the same NET subject for Paper 2 as their specialization in Post Graduation. However, if your post-graduation subject is not covered in the list of 81 NET subjects, you can appear in a related subject. 
• Candidates possessing Post Graduation Diploma/ Certificate awarded by an Indian University/ Institute or a foreign degree/ diploma/ certificate awarded by a foreign University/ institute should in their own interest, ascertain the equivalence of their diploma/ degree/ certificate with a Master’s degree of recognized Indian universities from Association of Indian Universities (AIU), New Delhi.

UGC NET Age Limit and Relaxation 2024

UGC NET 2024 Age Limit and Relaxation for Junior Research Fellowship and Assistant Professorship are given below:

• Junior Research Fellow (JRF) Eligibility: Candidates should not be more than 31 years as of June 1, 2024.
• Candidates belonging to OBC-NC, SC, ST, PwD categories, transgender, and women applicants are provided a relaxation of up to 5 years.
• Candidates with research experience will also be provided age relaxation equivalent to the years/ period spent on research in the respective subject or Post Graduation Degree.
• Relaxation to researchers can be of up to 5 years and will only be provided on production of a certificate from the appropriate authority.
• Candidates with L.L.M. Degree will be permitted an upper age relaxation of 3 years.
• Candidates who have served in the armed forces will be provided the benefit of relaxation of up to 5 years subject to the length of service in the armed forces up to June 1, 2021.
• Total age relaxation on the above ground(s) shall not exceed five years under any circumstances.
• Assistant Professor: There is no upper age limit to apply for Assistant Professor.

UGC NET Exemptions for Assistant Professor 2024-

NET/ SET/ SLET is the minimum eligibility condition for recruitment and appointment of Assistant Professorship in Indian Universities and Colleges. However, certain exemptions from NET/ SET/ SLET will be governed by UGC regulations and amendments notified in the Gazette of India from time to time.

• Candidates who have passed UGC/ CSIR/ JRF examination before 1989 are exempted from appearing in NET.
• Candidates who have cleared States Eligibility Test (SET) accredited by UGC for Assistant Professor held before June 1, 2002, are exempted from appearing in NET and are eligible to apply for Assistant Professor anywhere in India.
• However, candidates qualified in SET held after June 1, 2003, are eligible to apply for the post of Assistant Professor only in the universities and colleges situated in the respective states. 

Who Can Apply for UGC NET Economics Exam?

UGC NET Economics is One of the Important Subjects of the UGC NET Exam. As we Know Eligibility Criteria But Still One Confusion here. There are many PG Stream Degrees Offered by Universities in Commerce. So How Can We Conclude that I am eligible with My PG Degree Here are Some Courses by Which you Can Apply for Economics?

• MA Economics
• MBA in Economics
• MSc in Economics
• MBA in Business Economics
• MBE in Business Economics
• MA in Business Economics
• Master in Business Economics
• Integrated Post Graduate Diploma in Business Economics
• MA in Applied Economics
• Post Graduate Diploma in Economics

UGC NET Economics Exam Pattern 2024-

Total Number of Questions in UGC NET

• UGC NET 2024 will have a total of 150 multiple-choice questions.
• Paper 1 will have 50 questions and Paper 2 will have 100 questions.
• There is No Restriction to move to and fro among the Papers.
• All the questions are compulsory to attempt.
• you will get 2 marks for each correct response
• If a question is found to be incorrect/ambiguous during the critical challenge, only those candidates who have attempted the question and chosen one of the correct answers would be given credit. Only for dropped question(s), if any, marks will be given to all the candidates.

The table below shows the exam pattern of UGC NET Paper 1 and Paper 2:

UGC NET Marking Scheme 2024

• A uniform marking scheme is followed in the exam i.e. for both Paper 1 and 2, each correct answer will fetch you 2 marks.
• As per the revised exam pattern of the UGC NET exam, there is no negative marking for incorrect answers.
• Hence, instead of skipping a question, one can use their calculated guess and mark the answer. 

The updated marking scheme of UGC NET is given below:

Go through the exam pattern of the UGC NET Economics Paper 1 syllabus  mentioned below:

Latest Books UGC NET Economics 2024 [Good for Reference]

If You Looking All in One Best Study Material for UGC NET Economics Check Best Study Notes Design by Expert Faculties Available in Hindi & English Both Medium Check Free Sample PDF Now Now – https://wa.link/nmwvdf

Click On Above Link or Call 7310762592,7078549303

UGC NET Economics Unit Wise Books All 10 UNits 2024-

Books on Microeconomics UNit -1

• Microeconomics: Theory and Applications by Dominick Salvatore
• Modern Microeconomics by A. Koutsoyannis
• Social Science and its methods in Social Science: An Introduction to the Study of Society by Hunt, Elgin
• Methodology and Perspectives of Social Science by Abhijit Kundu
• Economics by Lipsey R. and A Chrystal

Books on Macroeconomics Unit -2

• Economics by Lipsey R. and A Chrystal
• Macroeconomic Theory by Eugene Diutio
• Macroeconomics by Edward Shapiro
• Macro Economics by Errol D’Souza
• Macroeconomics by Gregory Mankiw
• Macroeconomics by Richard T. Frogmen
• Methodology and Perspectives of Social Science by Abhijit Kundu
• Microeconomic Theory by Dominick Salvatore

Books for Quantitative Methods for Economic Analysis UNit -3

• Essential Mathematics for Economic Analysis by Sydsaeter K and P. Hammond
• Introductory Mathematics for Economics and Business by Holden K and A.W. Pearson
• Basic Mathematics and Its Application in Economics by Baruah.S
• Mathematical Analysis for Economist by Allen R.G.D
• Mathematical Methods for Business and Economics by Dowling E.T

Books on the Indian Economy Unit -4

• Development with Dignity by Amit Bhaduri
• Indian Agriculture since Independence by Bhalla, G.S
• Indian Economy Environment and policy by IC Dhingra
• Indian Economy: Performance & Policies by Uma , Kapila

Books on Mathematical Economics and Econometrics Unit -5

• Fundamental Methods of Mathematical Economics by Chiang A.C. and K. Wainwright
• Introduction to Mathematical Economics by Dowling E.T
• Mathematical Economics by R.G.D Allen
• Mathematics for Economics by Mehta and Madnani
• Mathematics for Economics by Joshi and Agarwal
• Mathematics for Economics by Taro Yamane
• Basic Econometrics by Damodar N.Gujarati
• Econometrics by Koutsoyiannis

UGC-NET Economics Cut-off 2023 Exam –

UGC NET Economics is one of the Favorite subjects of the students Among the UGC NET Exam Subjects, In Every Six Months Term Around 30000 to 35000 Students appeared for UGC NET Economics. this time [December 2023] 33932 students appeared for UGC NET Economics and As per the past year cutoff This time Gone High you can check all the details below in Table.

UGC NET Economics Study Notes [Sample]

UGC NET Study Tips Economics [Preparation Strategy] –

Understand the UGC NET Economics exam pattern: The exam pattern of UGC NET Home Science helps you in shaping your preparation in many ways.

• First, it tells you that only multiple-choice questions are asked in the UGC NET Home Science exam, so there is no point preparing for subjective answers of 5-10 lines. Your preparation needs to be objective-oriented. You will have to allot more time to learn specific details and not whole paras.
• Second, since there is no negative marking, it allows you to take risks and go for answers to what you think might be a correct option.
• Third, you get to know how many marks you will be awarded for every written answer – 2 marks for every correct answer. So, you can set an easy target for yourself accordingly

In-depth analysis of the UGC NET Syllabus Paper 1 & Paper 2: The syllabus is no less than the bible to the students.

• Proper analysis of the syllabus is especially important in order to understand what all topics must be covered in order to be able to answer questions that come in the exam.
• The main point behind following the syllabus is that it saves a lot of your time. History as a subject is so vast that there can be no end to what you have to study, but now that you have a well-framed syllabus in your hand you have the advantage to stick to it.
• Work towards time management: From the above tip you must have known by now that you get only 3 hours to complete 150 MCQs without any break. That can be tough for those who are not good at managing time.
• For getting a better hand over completing the paper on time, you will need to solve old UGC NET History question papers. The more you practice, the more you will get used to handling the questions in time. You should use a stopwatch to calculate your speed and time.
• Secondly, if you will have a look at your syllabus, the first thing which will come to your mind is its length. You do not have to get discouraged by assuming that it’s lengthy and impossible. What you need to do instead is prepare a study schedule for yourself.
• Revision is the secret recipe: Revision is the final touch that you give to your exam preparation to make your foundation more and more concrete. It is very important to revise what you have been studying all along so that you are confident of the syllabus in general and each topic in particular. The best way to revise is to take mock tests and solve practice papers that can be found online and even in bookstores.
• To be even surer of your preparations, you can solve previous year’s question papers and check your scores to assess your progress.
• One other way to revise is making notes while you are preparing. Once you are done with the syllabus, you can go through your notes where you have noted down all the important points covering each topic. This way when you write your spelling also get stronger and you memorize the names properly.
• Another important tip is that you should always start your revision with sections that are relatively tougher for you so that they also change to stronger topics in time.
• Motivate yourself physically and mentally: The last and the most important thing to complete your preparation properly is your personal well-being. Your physical and mental well-being can be ensured by not over-stressing yourself and doing away with any presumptions that an exam is tough and it is very hard to qualify. You need to focus on your eight hours of study and completion of the syllabus,

UGC NET Economics 4-Month’s Preparation Plan 2024

This gives you 4 months to prepare for the examination. Now we are fully aware of the fact that a single timetable cannot suit everyone’s preference. So, being mindful of that, we have prepared you a standard plan which you can modify as per your Schedule and daily schedule. 

UGC NET Economics Previous Year Question Paper 2018 to 2021 [PDF]-

Advantages of Solving UGC NET Economics Previous Year Question Papers

To Analysis the Previous year’s Question Paper it’s the best move to crack UGC NET Exam because the Previous year’s question paper is like a Mirror which tell you all details about the Paper. These papers are available in the form of a PDF file. Solving the UGC NET Economics previous year question papers has several benefits mentioned below.

• Candidates will get knowledge about the exam pattern of the entrance exam.
• Aspirants must practice question papers to know about the question type and difficulty level of the exam.
• In this way, candidates can decide which section they need to focus on more and need improvement to enhance their ability to solve questions.
• By referring to the question papers, candidates will get an idea of how much time they will require for solving those questions.
• Candidates can focus more on the questions asked repeatedly in the previous years.
• Candidate confidence will get increased while solving the various question papers of UGC NET.
• Aspirants can refer to the previous year’s question papers to get an idea about the UGC NET marking scheme.

Additional Benefits Practice UGC NET Economics Previous Year Question Papers

1. Helps understand the Exam Pattern –

Previous Year Papers will assist you with understanding the test design followed by NTA NET. This not only increases your speed at attempting the exam but also ensures time Efficiency.

2. Helps Prepare for the difficulty level of questions –

This examination isn’t going to be a joyride for you. having depth Knowledge about the Syllabus & Difficulty level of the Exam will help you lot to crack the UGC NET Exam

When you will go through the UGC NET Previous Year Question Papers, you will get acquainted with the difficulty level of the questions asked from the topics and sub-topics of both the Papers, i.e., Paper-I and Paper-II.

3. Develops understanding of the Important topics –

UGC NET Previous Year Question Papers will help you in recognising significant topics that are regularly asked in the exams. In any case, to speed up your exam preparation for 2021 you should concentrate on rehearsing the significant subjects first. This can effectively be done by recognizing them through the Previous Year’s Question Papers.

4. Identify and balance Strong and Weak areas –

It’s no rocket science to know that we all have our strengths and weaknesses, rather than being ignorant about the weaknesses and overconfident about the strengths, why not focus on finding a balance between the two?

While I recommend focusing on both of them, always work a little harder toward topics you’re a little weak in.

Not just from the point of view of the exam but also in general, so that you don’t lack in any skill.

As the exam has no negative marking, try to make your strengths a solid case so that you can absolutely nail the exam.

5. Increases Accuracy –

It’s a known fact, the more you practice your speech before going on stage, the lesser you’re bound to fumble or make a mistake.

Similarly, the more you Practice on the UGC NET Previous Year Papers, the more accurate you will be, which in the long run will lead you to secure a high score in the test.

Frequently Asked Question UGC NET Economics

Question 1. What is the Weightage of Paper-1 Subject in UGC NET Economics Paper-2?

Ans – Total 150 Questions in Exam.Out of it 100 Questions from UGC NET Economics & 50 Questions from Paper-1, Each Question of  2 Marks totals 300 Marks You Can attempt all 150 MCQ.

Question 2. How Many Questions Come from Each Unit of UGC NET UGC NET Economics Subject?

Ans – From Each unit 7 to 10 Questions Asked in Exam of  UGC NET Economics Each Unit is Equally Important

Question 3- What is the Cut-off of UGC NET Economics?

Ans – the Following Cut-off of UGC NET UGC NET Economics

Question 4 -What are the Best Books for UGC NET Economics Subject?

Ans The Following the Best Books for UGC NET Economics

Question 5– Can I get a job after qualifying for UGC NET  Economics?

Ans- Yes, you will get many career opportunities in the government and private sectors after qualifying for the UGC NET Economics Exam. You can check the job options from here.

Question -6 How can I revise the UGC NET Economics Syllabus?

Ans.) To revise the UGC NET Economics Syllabus, first, you should highlight and make short notes while preparing for the exam. It will be easy for you to save time and revise all the topics quickly. You should start the revision with basic concepts 

Question -7  Does Online Test Series Help to Crack UGC NET Economics Exam?

Ans- Yes It’s Help you Lot, after clearing all Concepts you must Practice MCQ through the Online Test Series which Help you Understand your Level of Preparation & You can analyze your Strength & Weakness. Also Compare with other Students’ Scores. Check Diwakar education Hub’s Best Test series Click here

 Question – 8 What is the UGC NET Economics minimum Educational Qualification?

A student has to complete his or her Post-Graduation in Economics or Any Relevant Subjects.

Question -9 What type of questions are asked in UGC NET Economics?

UGC NET Commerce Paper includes questions that are Direct/Conceptual(42), Comprehensive(10), Match the following(10), Statements/Definitions Based(2), Assertion and Reasoning Based(6), Chronological Order(6), Multiple Correct Options Based(24).

Question -10 Is the UGC NET Economics Syllabus difficult?

Yes. The level of the UGC NET Economics Syllabus is difficult. But with hard work & Right Guidance, you can be Qualified UGC NET Exam Take Free Mentorship Call us at -7310762592,7078549303

Question -11 What is the UGC NET Economics paper pattern?

UGC NET Economics paper will be a total of 150 questions (50 in Paper I and 100 in Paper II). The total number of marks is 300 (100 for Paper I and 200 for Paper II).

In this article, we tried to put our best efforts into providing essential information related to the UGC NET Economics and hope it will be beneficial for you.

If you face any difficulty regarding this exam, you can ask your queries in the comments box below.

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