This guide meticulously unravels the critical topics for success, ensuring aspirants are equipped with the knowledge and tactics necessary to triumph in this competitive examination.

Also, read Expert Analysis Of UGC NET 2023 Paper 1

1. Theory of Consumer Behavior
2. Decision-making under uncertainty
3. Attitude towards risk.
4. Factor Pricing.
5. Theory of Production and Costs
6. General Equilibrium Analysis

Unit 2: Macro Economics

1. National Income: Concepts and Measurement
2. Consumption Function.
3. Determination of output and employment.
4. Investment Function.
5. Inflation.
6. Phillips Curve Analysis.

Unit 3: Statistics and Econometrics

1. Probability Theory.
2. Sampling methods & Sampling distribution
3. Linear Regression Models and their properties
4. Statistical Inferences, and hypothesis testing
5. Descriptive Statistics.

Unit 4: Mathematical Economics

1. Differential Calculus and its Applications.
2. Static Optimization Problems and their applications.
3. Difference and Differential equations with applications.
4. Sets, functions and continuity, sequence, series.
5. Linear Algebra–Matrices, Vector Spaces.

Unit 5: International Economics

Unit 6: Public Economics

1. Market Failure and Remedial Measures.
2. Regulation of Market.
3. Public Budget and Budget Multiplier.
4. Public Debt and its management.
5. Fiscal Policy and its implications.

Unit 7: Money and Banking

1. Components of Money Supply.
2. Capital Market and its Regulation.
3. Commercial Banking.
4. Instruments and Working of Monetary Policy.
5. Non-banking Financial Institutions.

Unit 8: Growth and Development Economics

1. Economic Growth and Economic Development.
2. Theories of Economic Development.
3. Indicators of Economic Development.
4. Models of Economic Growth.
5. Technical progress.

Unit 9: Environmental Economics and Demography

1. Concepts and Measures: Fertility, Morbidity, Mortality.
2. Age Structure, Demographic Dividend.
3. Cost-Benefit Analysis and Compensation Criteria.
4. Valuation of Environmental Goods.
5. Market Failure.

Unit 10: Indian Economy

1. Economic Growth in India: Pattern and Structure.
2. Centre-State Financial Relations and Finance Commissions of India; FRBM.
3. Reforms in Land, Labour, and Capital Markets.
4. Poverty, Inequality & Unemployment.
5. Infrastructure Development.

Expert Tips for the Economics Paper

Prioritize Conceptual Clarity: Focus on building a strong conceptual foundation for tackling economic questions. Understand principles rather than memorizing, fostering crucial analytical thinking.

Integrate Real-world Examples: Bring economic theories to life by seamlessly incorporating real-world examples. Showcase practical understanding and the ability to apply knowledge to current scenarios.

Master Graphical Representation: Cultivate proficiency in creating and interpreting graphs, essential in conveying economic insights effectively.

Stay Updated with Economic News: Develop a habit of staying informed about current economic affairs to enrich answers with relevant examples and demonstrate awareness of the subject’s dynamic nature.

Excel in Time Management: Practice answering questions within UGC NET’s time constraints, prioritizing based on strengths for a balanced approach during the examination.

Also, read 50 Predicted MCQs for NTA NET Paper 1: June 2023 Exam Preparation

Sample Questions for UGC NET Economics

1. Micro Economics: Law of Diminishing Marginal Utility

Question 1: What is the Law of Diminishing Marginal Utility in Micro Economics?

1. It states that the more you consume, the higher the satisfaction.
2. Satisfaction decreases with each additional unit consumed.
3. Marginal Utility remains constant.
4. It is unrelated to consumer behaviour.

Answer 1: B. Satisfaction decreases with each additional unit consumed.

2. Macro Economics: Stagflation

Question 2: Define ‘Stagflation’ in the context of Macro Economics.

1. Rapid economic growth with low inflation.
2. High unemployment coupled with high inflation.
3. A steady state of the economy with no fluctuations.
4. A condition of deflation and recession.

Answer 2: B. High unemployment coupled with high inflation.

3. Statistics: Regression to the Mean

Question 3: In Statistics, what does ‘Regression to the Mean’ imply?

1. The tendency of extreme values to move towards the average.
2. A statistical method to predict future trends.
3. The mean of a sample is constant.
4. The correlation between two variables.

Answer 3: A. The tendency of extreme values to move towards the average.

4. Monetary Policy: Primary Objective

Question 4: What is the primary objective of Monetary Policy?

1. Controlling inflation.
2. Promoting economic growth.
3. Maintaining stable exchange rates.
4. Regulating fiscal policy.

Answer 4: A. Controlling inflation.

5. Economic Growth vs. Economic Development

Question 5: Differentiate between Economic Growth and Economic Development

1. Growth refers to an increase in the quantity of goods, while development includes improvement in quality of life.
2. Both terms are synonymous.
3. Economic development is solely about GDP growth.
4. Economic growth is a long-term process, and development is short-term.

Answer 5: A. Growth refers to an increase in the quantity of goods, while development includes improvement in quality of life.

6. International Trade: GATT

Question 6: What is the primary function of the GATT in international trade?

1. Promoting world peace.
2. Facilitating economic development.
3. Regulating global financial markets.
4. Promoting free and fair trade.

Answer 6: D. Promoting free and fair trade.

7. General Equilibrium in Economics

Question 7: Explain the concept of General Equilibrium

1. Balance between supply and demand.
2. Equilibrium in a single market.
3. Simultaneous equilibrium in all markets.
4. Equilibrium at full employment.

Answer 7: C. Simultaneous equilibrium in all markets.

8. Phillips Curve Determinants

Question 8: What factors determine the Phillips Curve?

1. Unemployment rate.
2. Inflation rate.
3. Interest rates.
4. Exchange rates.

Answer 8: A. Unemployment rate.

9. Statistics: Sampling Distribution

Question 9: Define Sampling Distribution in Statistics

1. Distribution of a sample in a population.
2. Distribution of sample means.
3. Distribution of population means.
4. Distribution of sample proportions.

Answer 9: B. Distribution of sample means.

10. Monetary Policy and Inflation Control

Question 10: Discuss the role of Monetary Policy in controlling inflation

1. Increasing interest rates.
2. Reducing money supply.
3. Lowering taxes.
4. Expanding government spending.

Answer 10: B. Reducing money supply.

End Note

In conclusion, conquering UGC NET Economics in December 2023 demands not only a deep understanding of crucial topics but also the adept application of subject-specific strategies. Aspirants are encouraged to weave together comprehensive knowledge, analytical prowess, and strategic approaches to excel in this competitive examination. The journey to success lies in the fusion of diligent preparation and the astute application of subject-specific tips. Best of luck!

Also, read Predicted Hot Topics for UGC NET Management Subject 2023

The schedule to submit applications for JEE Advanced 2025 has been announced along with that of AAT 2025 registration,

Application process for AAT starts after result declaration of JEE Advanced. This year too, the trend is no different.

Who will conduct AAT 2025?

AAT 2025 will be conducted by IIT Kanpur and is expected to see a participation in impressive numbers. The same institution is conducting JEE Advanced 2025.

Details about the exam are available on the official website mentioned above. Students who pass AAT 2025 will be able to study BArch in IIT Roorkee, IIT Kharagpur and IIT (BHU) Varnasi.

Who can take up AAT 2025 registration?

Students who have passed JEE Advanced 2025 with required qualifying marks can take up AAT 2025 registration. Applying for JEE Advanced requires a pass in JEE Mains.

Candidates who have passed plus two with maths, physics and chemistry as subjects will be able to take up JEE Mains registration. The process to take up JEE Advanced AAT 2025 registration is online.

1. The URL has to be typed into the browser and the webpage has to be allowed to download.

2. Once the website is available, students should click the link for JEE Advanced AAT 2025 registration and enter JEE Advanced 2025 registration number, their date of birth, mobile number and email address.

3. Post providing the above details, applicants will be asked if they are interested in AAT. Students have to answer ‘Yes’ to take up JEE Advanced AAT 2025 registration.

4. Candidates have to provide the required information and choose the centers where they wish to write the exam and submit the form.

5. They will receive message indicating successful completion of JEE Advanced AAT 2025 registration.

The message has to be downloaded and a printout of it has to be taken and preserved for use in future. This could be of use during the admission process.

Website for JEE Advanced 2025/AAT 2025 Registration is Here

Exam pattern

Candidates who have completed JEE Advanced AAT 2025 registration must also know the exam pattern if they are to score good marks.

Those who have taken up AAT 2025 registration can take up the exam which will be held in offline mode, as a pen and paper mode test.

Candidates will have three hours time to answer all the questions. The medium of the test is English.

The sections in the question paper are – Imagination and aesthetic sensitivity, three dimensional perception, Geometrical drawing, Freehand drawing and Architectural Awareness.

Syllabus for AAT 2025

The next thing to do after completing AAT 2025 registration is focus on preparing for the test.

The subjects to be studied while preparing for AAT 2025 are mentioned below. Candidates can also refer the official website for more information on syllabus when the registration for the exam begins:

Geometrical Drawing

Exercises in geometrical drawing containing lines, angles, triangles, quadrilaterals, polygons, circles, etc. Study of plan (top view), elevation (front or side views) of simple solid objects like prisms, cones, cylinders, cubes, splayed surface holders, etc.

Freehand Drawing

This would comprise of simple drawing depicting the total object in its right form and proportion, surface texture, relative location and details of its component parts in appropriate scale.

Common domestic or day-to-day life usable objects like furniture, equipment, etc., from memory.

Three dimension perception

Understanding and appreciation of three-dimensional forms with building elements, colour, volume and orientation. Visualization through structuring objects in memory.

Architectural Awareness

General interest and awareness of famous architectural creations – both national and international, places and personalities (architects, designers, etc.) in the related domain.

Imagination and Aesthetic Sensitivity

Composition exercise with given elements. Context mapping.

Creativity check through innovative uncommon test with familiar objects. Sense of colour grouping or application.

The medium of the test is English. The sections in the question paper are – Imagination and aesthetic sensitivity, three dimensional perception, Geometrical drawing, Freehand drawing and Architectural Awareness.

The admit cards obtained for JEE Advanced 2025 can also be used to gain entry into the test centers for AAT 2024.

Point to remember

Candidates can visit the official website of JEE Advanced exam for more information on JEE Advanced AAT 2025 registration and other related topics.

The students have to quickly take up the AAT 2025 registration as the time left would be very short.

Like JEE Advanced exam where the registration is open for a longer duration, that of AAT 2025 registration is open for only a short period.

The details about AAT 2025 registration provided above are for general understanding purpose of the students.

There could be some changes in the exam, students can visit the official website of the exam at regular intervals to receive updates.

More information could be provided as the time for AAT 2025 registration would commence, till that time, students can refer other sources also.

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