If Economics is the subject you want to proceed your career with, if teaching or research jobs fascinate you, then you are at the right place to get complete guidance for your career.
Doing master’s in economics needs a lot of efforts and devotion and if you already hold the post-graduation degree in economics, then it’d be easier for you to put little more efforts and crack the UGC NET Exam.
While the career in MBA, Chartered Accountant, and Finance are popular among youngsters, lectureship also holds a prestigious position in the society. Research & Teaching jobs are considered as one of the finest yet most rewarding career options in Economics.
To guide you well about how you can design a worthwhile career in Economics field, we have here presented the complete details about UGC NET Economics Exam.
Here’s what you’ll read in the blog!
List of Top Career Scopes after UGC NET Economics
If you qualify the UGC NET Economics Exam, you’ll have one of these career opportunities in the concerned field.
Govt and Private Institution Lecturer
Doctor of Philosophy in Economics
An Economist or Finance Employee in PSUs
Become a Trainer to Economics Students
Economics Books Author and Editor
Work as a Career Consultancy
Statistician in Prestigious Private & Government Organizations
Project Associate, Project Fellow, Research Fellow, Project Assistant in Economics
Economist in Agriculture, Finance, Labor, Business, Research and International Fields
For more details, please click here – UGC NET Career Scope.
Pre-requisites for UGC NET Economics | Check them Before You Start Preparation
In the below section, we have provided three essentials for a smooth start to your preparation journey. Please have a look!
UGC NET Economics Eligibility for July 2018 Exam
It’s essential to check out whether you are eligible for the exam or not. The UGC NET 2018 Eligibility Procedure is given in the table below, check out!
|Categories||Age Limit Criteria|
|General (UR) Aspirants||Not more than 30 years (for JRF)|
|OBC/ST/SC/PWD Aspirants||30 years + 5 years relaxation will be provided (35 years for JRF)|
|L.L.M. degree holder Aspirants||30 years + 3 years relaxation will be provided (33 years for JRF)|
There would be no upper age limit for the Assistant Professors.
|General||55% in Post-graduation or Equivalent Degree|
|OBC/SC/ST Candidates||50% in Post-graduation or Equivalent Degree|
|Ph.D. Degree (Completed Degree before 19th Sep 1993)||5% Relaxation in Percentage|
The candidates those are in the Final Year of Post-Graduation and waiting for the results are also eligible for the lectureship Exam.
UGC NET Economics Exam Pattern & Marking Scheme
The UGC NET Exam Pattern 2018 is changed and there will be only two papers instead of three papers from 2018.
The given table has the marking scheme in accordance with the new paper pattern by UGC Norms, please check out.
|Paper||No of Questions||Marks||Time Duration|
|1||50 Questions||100||1 Hour|
|2||100 Questions||200||2 Hours|
UGC NET Syllabus for Economics and Important Topics.
While preparing for Economics, you will find each topic to be important as per the exam point of view. The NET Syllabus for Economics is vast and it’s not an easy task to cover the whole syllabus. So, you will get puzzled about what to study and what not.
But from the given list of Important Topics in Economics, it’s not going to be a big deal for you to do preparations.
Micro Economic Analysis
Theory of Demand
Theory of Productions
Neumann Morgenstern Statistical Utility Theory
Macro Economics Analysis
Development and Planning
International Trade & Economics
Basic Economic Indicators
Money & Banking
Theory of Probability
Correlation and Regression
UGC NET Economics Study Material and Preparation Books
Make sure you have right source of Study material and UGC NET Economics Books while doing preparations. Because it’s not possible to get success in the exam without having a proper guidance.
A strong knowledge base of major concepts & fundamentals associated with the subject of study can make it easier for you to prepare well.
There are many sources of Books and Study stuff in the market that claims to be the superior, but Eduncle’s Study Material is incomparable that provides a quality Education.
As per the UGC NET Exam Dates, the exam has been conducted on 8th July and now its time to prepare for the next exam going to conduct in December 2018. You have enough time to study well & make the appropriate efforts to crack the exam.
In such situation, Eduncle is always there to help you with the right guidance. Here, at Eduncle, you can get every possible help from highly skilled & NET Economics qualified experts as well as the study material & notes designed by them.
You can avail the UGC NET Economics Study Material, Books, Notes & Question Papers in free or paid both modes.
To download the UGC NET Economics Notes, Question Papers, Syllabus, Sample Papers & Theory for Free, please click the button below –
Grab the complete learning course of NET Economics so that you can stand a chance to win the exam. Explore the below table for more details –
How to Prepare for UGC NET Economics Exam? Grab the Best of Experts’ Tips
What does it need to crack any exam? The right blend of study plan as well as preparation tips, Right? Not only Guidance but the efforts made in the right direction also ensures the success in the exam.
Read and follow the UGC NET Economics Preparation Tips given below and you can easily score well in the exam.
The Syllabus of Economics is lengthy so it’s very essential to Analyze the complete syllabus of Economics before starting the preparations.
As the NET syllabus is huge and it’s not easy to the cover whole syllabus of Economics for NET. The UGC NET Question Papers would help you to prepare easily and will lead you in exam preparation.
UGC NET Paper 1 is the first phase of exam. For this, you can divide the whole syllabus into topics and sub topics according to the priority and complete them one by one.
Working on the Diagrams and flowcharts is the best method for preparation. You will easily understand the monetary policies, income flow, and other topics of Macro and Micro Economics.
As the Economics is not a subject to just mug up, it’s very essential to get through the basic concepts to make complete grasp on the subject.
You can download UGC NET Economics Sample Theory to polish up your basic concepts.
The best way to prepare for NET Exam is doing a complete revision of topics you have prepared.
Doing revision is considered as the best technique to remember the topics for a long time. Mostly aspirants run after the whole syllabus, but the best way is giving 100% to the selected topics that would take you to the success.
UGC NET Sample Questions for Economics | Test your Knowledge
Solving Sample Papers’ Questions would not only help you in preparation but also enhance your confidence towards the subject. Take an appreciable challenge and prove your skills by solving the Sample Questions given below.
|Ques.1. The Firms in Perfect competition get normal profits overall because of? (A) Homogeneous Products(B) Free entry and exit(C) Large number of buyers and sellers(D) Perfect knowledge of marketsQues.2. Which of the followings is the correct to way for sustainable development to implement?
(A) Rich Nations would have to consume fewer resources
(B) Birth Rates in developed countries would need to increase dramatically
(C) Rich Nations would have to export environmental stresses to the other countries
(D) None of the above
Ques.3. Under Cournot’s model, the intersection reaction curves show the?
(A) Price charged by each seller
(B) Output of each seller
(C) Both price and output of each seller
(D) None of the Above
Ques.4. Census of India is being held regularly after every?
(A) 10 years
(B) 8 years
(C) 6 years
(D) 12 years
Ques.5. Who is the father of White Revolution?
(A) V Kurien
(B) MS Swaminathan
(C) JP Narayan
(D) Baba Amte
Ques.6. Which of the followings the basic characteristics of Oligopoly?
(A) A few sellers, one buyer
(B) A few sellers, many buyers
(C) A few sellers, a few buyers
(D) Many sellers, few buyers
Ques.7. In India, Inflation is measured by which if the following methods?
(A) Whole sale price index number
(B) Consumer Price Index for Urban Non-Manual Workers
(C) Consumer Price Index for Agricultural Workers
(D) National income deflation
Ques.8. What is the National Income?
(A) Net National Product at Market Price
(B) Net Domestic Product at Market Price
(C) Net Domestic Product at Factor Cost
(D) Net National Product at Factor Cost
Ques.9.What does the term “Sabbatical” relates to?
(A) Paid leave for study
(B) Paternity leave
(C) Maternity leave
(D) Quarantine leave
Ques.10. Which of the given owns the Land Development banks in India?
(B) State Governments
(C) Commercial Banks
(D) Cooperative Societies
Ques.11. Which of these is not a factor of Production?
(A) Human Capital
Ques.12. Coefficient of correlation is independent by which of the following?
(A) Change of Origin only
(B) Change of scale only
(C) Change of origin and scale
(D) None of the above
Ques.13. Which of the given are likely to limit the effectiveness of fiscal policy in the real world?
(A) Time lags between the recognition of a macro problem and the implementation of corrective measures
(B) The Crowding out effect
(C) Political consideration which alter the content and timing of fiscal policy
(D) All the above
Ques.14. The movement along the Philips curve shows the unemployment rate and inflation rate are?
(A) Inversely proportional to each other
(B) Directly proportional to each other
(C) Changing in response to the shifts in aggregate supply
(D) Changing in response to supply side policy
Ques.15. Fei-Ranis’s theory of Economic Development is based on?
(A) Balanced growth during the take of production
(B) Importance of the agricultural production in capital accumulation in under developed countries
(C) Dualistic approach to the development
(D) All the above
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