CUET ECONOMICS Paper EXPOSED | Day 4 Slot 1 Breakdown

Описание: Paper was conceptual, unexpectedly twisted, and filled with LIVE class topics!

Here’s what came today:

Balanced Paper – NCERT

1. National Income (NI)
• Value Added
• Method – Expenditure Methoda
• Circular Flow:
• A. Disposition
• B. Distribution
2. NI: Macroeconomic Identities
• National Disposable Income (NNPfc + NIT – Current transfers)
• GNPfc / GNPmp
3. Money & Banking
• Deficient Demand: Government Fiscal Policy
5. Demonetisation (Case Study – 2016)
6. GST (2017)
7. AD–AS
• Components of AD
• MPC, APC (Match the Column)
• Saving-Investment Approach (Exclude or Export)
• Multiplier (Induced-Income ↑)
8. Government Budget
• Objectives
• Capital Expenditure ↑ (India imports tank from Russia)
9. BOP Case Study
• Autonomous / Accommodating Transactions when surplus
• Two complicated official reserve transaction cases
• Official exchange reserve increasing → Which side, which account

Micro

Chapter 1
• Nothing

Chapter 2: Demand, Elasticity
• Monotonic Preference
• Demand (4000–3000), (4000–2700)
• Elasticity: P↓ → TR↓ (Expenditure Method)
• Elasticity Values = 0.5
• Substitution Effect: P↑ → D↑
• Normal Good (Match the Column)
• M increase D right shift – Excess demand, Price↑
• Market DD Equilibrium: Sequence Based
• Individual DD is not affected by options (DD for other people of same good)
• Elasticity old basic Q
• Rectangular Hyperbola hai toh Elasticity kya hoga?

Production Function
• Marginal Product?
• Basic Calculation Questions
• MC Value, Output
• Price (Schedule)
• Kaunse output pe Eqm hoga?
• Perfect Competition (PC) features – Galat kaunsa hai?
• Price Taker – Match
• TR upward rising → then MR?
• SS Curve of Unitary Elastic – Kaisa hota hai?
• Profit Maximisation
• Shift: Sequence Based (Free Entry/Free Exit)
• Loss firms Exit → Price ↑ → Wapas Eqm hoga
• Price Floor Questions
• Apoint, SST, DD↓
• P floors below equilibrium price

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