💹 CUET Economics (Section II)

Chapters

1. National Income Accounting — Aggregates, the Three Methods and Real GDP
   Macroeconomics looks at the economy as a whole — total output, the general price level, total employment — rather than at one market. It took shape as a separate subject…
2. Money and Banking — Money Supply, Credit Creation and the Reserve Bank
   Money is whatever is generally accepted in exchange, and an economy without it — a barter economy — runs into problems that money exists to solve. This chapter has three…
3. Determination of Income and Employment — Aggregate Demand and the Multiplier
   This chapter asks what decides the level of output in the short run, and its answer is aggregate demand. The setting is deliberately simple: prices are fixed, and there…
4. Government Budget and the Economy — Receipts, Expenditure and the Three Deficits
   The budget is the government's statement of its estimated receipts and expenditure for a financial year, which in India runs from 1 April to 31 March. Article 112 of the…
5. Open Economy Macroeconomics — the Balance of Payments and the Exchange Rate
   An open economy deals with the rest of the world in three markets: the output market, where goods and services are traded; the financial market, where assets such as…
6. The Indian Economy from Colonial Rule to 1990 — the Inheritance and the Planned Response
   Independent India's economic policy for its first four decades makes sense only against what it inherited. Colonial rule left an economy that was overwhelmingly…
7. Liberalisation, Privatisation and Globalisation — the 1991 Reforms and Their Appraisal
   In 1991 India faced an economic crisis severe enough to change the direction of policy set in the 1950s. The response, the New Economic Policy (NEP), is remembered by…
8. Human Capital Formation and Employment — Skills, Workers and Informalisation
   A country's people are both the purpose of development and one of its main inputs. This chapter takes the two sides together. Human capital is the stock of skill,…
9. Rural Development and Sustainable Development — Credit, Markets, Diversification and the Environment
   Most of India's people still live in villages, and most of the poor are rural, so rural development — improving the economic and social conditions of village life — is…
10. Comparative Development Experience — India, China and Pakistan
    India, China and Pakistan set out on their development paths at almost the same time and from similar starting points — large, poor, agricultural economies. More than…

Practise CUET Economics (Section II): mock tests and previous-year questions

The first chapter of the course is free. Every chapter and all the practice is ₹29 a month for the whole course — less than ₹1 a day, cancel anytime.