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CUET UG Economics Chapter Notes — Microeconomics and Macroeconomics NCERT Complete Guide

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Last Updated: April 2026

Economics is one of the most attempted domain subjects in CUET UG — over 4.2 lakh students chose Economics in CUET 2025. The CUET Economics paper draws entirely from NCERT Class 11 (Introductory Microeconomics) and Class 12 (Introductory Macroeconomics). This guide covers all high-yield chapters with key concepts, formulas and MCQ patterns.

CUET Economics Paper Pattern 2026

Parameter Detail
Total Questions 50 (attempt 40)
Duration 45 minutes
Marking +5 correct, -1 wrong
Source 100% NCERT Class 11 and 12
Chapter Split ~50% Micro, ~50% Macro

Microeconomics — Chapter-wise Weightage (CUET 2023–2025)

Chapter Avg Questions Key Concepts
Introduction to Microeconomics 1–2 Central problems, PPC, opportunity cost
Consumer Behaviour and Demand 5–6 Utility, budget line, indifference curves, demand law
Producer Behaviour and Supply 5–6 Production function, costs, TR/TC/MR/MC
Forms of Market 4–5 Perfect competition, monopoly, oligopoly, price determination
Price Determination 3–4 Equilibrium, shifts in demand/supply

Macroeconomics — Chapter-wise Weightage (CUET 2023–2025)

Chapter Avg Questions Key Concepts
National Income Accounting 5–6 GDP, GNP, NNP, NDP — all formulas
Money and Banking 4–5 Money supply (M1/M2/M3), credit multiplier, RBI functions
Income Determination 4–5 Aggregate demand-supply, multiplier, MPC, MPS
Government Budget and Economy 3–4 Revenue vs capital receipts, fiscal deficit, primary deficit
Balance of Payments 3–4 Current account, capital account, BOP equilibrium

Key Formulas for CUET Economics 2026

Formula Expression
GDP at MP C + I + G + (X – M)
NNP at FC (National Income) GNP at MP – Depreciation – Net Indirect Taxes
Investment Multiplier K = 1 / (1 – MPC) = 1 / MPS
Money Multiplier 1 / CRR
Fiscal Deficit Total Expenditure – Revenue Receipts – Non-Debt Capital Receipts
Primary Deficit Fiscal Deficit – Interest Payments
Price Elasticity of Demand % change in Qd / % change in Price

High-Yield MCQ Topics — CUET Economics

  • PPC (Production Possibility Curve): Slope, shifts, opportunity cost — 2–3 questions every year
  • Indifference Curve properties: Convex, downward sloping, cannot intersect, higher = more preferred
  • Break-even and shut-down points: AR = AC (break-even); AR = AVC (shut-down)
  • Types of Elasticity: Price, income, cross-price — formulas and interpretation
  • Money supply measures: M1 = Currency + Demand Deposits; M3 = M1 + Time Deposits
  • Repo vs Reverse Repo: RBI lends to banks (Repo); banks lend to RBI (Reverse Repo)

Frequently Asked Questions — CUET Economics

Is CUET Economics only from NCERT?

Yes — CUET Economics is 100% based on NCERT Class 11 Introductory Microeconomics and Class 12 Introductory Macroeconomics. No outside source is needed. Thorough NCERT reading and MCQ practice is sufficient for a 180+ score.

What is the Investment Multiplier in CUET Macroeconomics?

The Investment Multiplier (K) = 1 / (1 – MPC) = 1 / MPS. It shows by how much national income increases for a given increase in investment. If MPC = 0.8, then K = 1/(1-0.8) = 5, meaning a ₹100 crore investment increases national income by ₹500 crore.

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How many questions from Macroeconomics come in CUET Economics?

Approximately 18–22 out of 40 attempted questions come from Macroeconomics (Class 12 NCERT). National Income Accounting and Money and Banking are the highest-weight chapters, typically contributing 8–10 questions combined.

Practice with chapter-wise MCQs on CUET Gurukul Economics course — aligned 100% to NCERT Class 11 and 12.

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