NVS PGT Economics Syllabus 2022, Download FREE PDF!

NVS PGTs Economics Syllabus 2022

PGT stands for Post Graduate Teacher and teaches classes 11th to 12th. Economics is an important subject in NVS PGT Exam. The weightage of Subject Knowledge (Economics) is 80 marks. Candidates can read the detailed syllabus of the NVS PGT Economics syllabus mentioned below. The syllabus of NVS PGT(Post Graduate Teacher) Economics is divided into two parts mentioned in the table given below.

Part	Topic
A	INTRODUCTORY MICROECONOMICS AND MACROECONOMICS
B	STATISTICS AND INDIAN ECONOMIC DEVELOPMENT

 

PART – A- INTRODUCTORY MICROECONOMICS AND MACROECONOMICS

•  Introduction: Central problems of an economy, production possibility curve and opportunity cost.
•  Consumer Behaviour and Demand: Consumer’s Equilibrium – meaning and attainment of equilibrium through the Utility Approach and Indifference Approach,
  Demand, market demand, determinants of demand, demand curve, movement along and shifts in the demand curve. Law of demand and its exceptions. Price elasticity of
  demand, measurement of price elasticity of demand – percentage, total expenditure and geometric method.
• Producer Behaviour & Supply: Agents of production. Production function. Cost and Revenue- meaning and various types of costs and revenue. Isoquants. Returns to a
  factor and returns to scale. Supply, market supply, determinants of supply, supply curve, movement along and shifts in the supply curve, price elasticity of supply and its
  measurement. Components and theories of distribution. Welfare economics: Pareto-optimality, private and social products. Consumer surplus.
•  Forms of Market and Price Determination: Forms of the market – meaning and features. Price determination under perfect competition, monopoly and imperfect
  competitions, effects of shifts in demand and supply.
• National Income and related aggregates: Macroeconomics: Meaning. Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor cost), National
  Disposable Income, Private Income, Personal Income and Personal Disposable Income. Measurement of National Income.
• Determination of Income and Employment: Aggregate demand, Aggregate supply and their components. Propensity to consume and propensity to save. Involuntary
  unemployment and full employment. Determination of income and employment. Concept of investment multiplier and its working. Problems of excess and deficient
  demands Measures to correct excess and deficient demands – availability of credit, change in Government spending. Inflation: meaning, causes and remedies
•  Money and Banking: Money – meaning, evolution and functions. Central bank – meaning and functions. Commercial banks – meaning and functions. Recent significant
  reforms and issues in Indian Banking System-privatisation and modernisation.
• Government Budget and the Economy: Government budget – meaning and its components. Objectives of the government budget. Classification of receipts; classification
  of expenditure. Types of budget. Revenue deficit, fiscal deficit and primary deficit: meaning and implications; measures to contain different deficits. Downsizing the role
  of government.
• Balance of Payments: Foreign exchange rate- meaning (Fixed and Flexible), merits and demerits; Determination through demand and supply. Balance of payments
  accounts – meaning and components.
• International Economics: Theories of international trade, free trade and protection, IMF – The World Bank and its associates. WTO.
• Concepts of shares, debentures, SEBI, NSEW, BSE and various indices.

 

PART – B- STATISTICS AND INDIAN ECONOMIC DEVELOPMENT

•  Introduction and collection, organization of data: Meaning, scope and importance of statistics in Economics. Collection and organisation of data. Census of
  India and National Sample Survey Organisation. Statistical Tools and Interpretation: Measures of Central Tendency. Geometric mean and
  harmonic mean. Measures of Dispersion. Lorenz Curve: Meaning and its application. Correlation – meaning. Measures of correlation – Karl Pearson’s method, Spearman’s
  rank correlation. Time series analysis. Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index and index of industrial production,
  uses of index numbers; Inflation and index numbers.
•  Development Policies and Experience: A brief introduction of the state of the Indian economy on the eve of independence. Common goals of Five Year Plans, major
  controversies on planning in India. Main features, problems and policies of agriculture, industry and foreign trade.
• Economic Reforms since 1991: Need & main features – liberalisation, globalisation and privatisation; an appraisal of LPG policies
• Current challenges facing Indian Economy: Poverty and programmes for poverty alleviation. Rural development: Key issues – credit and marketing – the role of
  cooperatives; agricultural diversification; alternative farming – organic farming. Human Capital Formation. Growth of Education Sector in India. Employment: opportunities and other related issues. Infrastructural Problems and policies. Sustainable Economic Development: Meaning; Effects of Economic Development on Resources and Environment.
• Development Experience of India: A comparison with neighbours India and Pakistan, India and China, Issues: growth, population, sectoral development and other
  developmental indicators.

NVS PGTs Economics Exam Pattern 2022

Candidates can check the exam pattern of PGT Economics from the table mentioned below. As the NVS PGT Economics exam is conducted for 150 marks and the weightage of Domain Knowledge (Economics)is 80 marks. It is important to check the NVS Exam Pattern before starting preparation for the exam. Candidates can check the exam pattern of the Post Graduate Teacher post from the table mentioned below:

Test	Subject	Number of Questions	Total Marks	Duration of the Test
Part 1	Reasoning Ability	20	20	The test will be of 3 hours duration without any time limit for each part of the test individually.
Part 2	General Awareness	10	10
Part 3	Knowledge of ITC	10	10
Part 4	Teaching Aptitude	10	10
Part 5	Domain Knowledge	80	80
Total		130	130
Part 6	Language Competency Test (General English and General Hindi mark each subject).	20	20

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