Economics Paper Analysis-NTA NET 2018

UGC NET Exam is the basic eligibility criteria for entering in the education industry and it acts as a minimum qualification for Assistant Professorship. Also, the creamy layer gets to avail the benefit of Junior Research Fellow (JRF). This exam was conducted by from 18th December 2018 till 22nd December 2018 by NTA (National Testing Agency) in online mode for various subjects.

Basic structure of the paper

NTA UGC NET 2018

Session	Number of Questions	Marks	Time Duration
Paper 1	50	100	1 Hour
Paper 2	100	200	2 Hour
Total	150	300	3 Hours

Paper 1 is the same for all the subjects.

Paper 2 is a subject-specific paper. In this Article, Economic Paper is analyzed.

Economic Paper Analysis

For Economics the pattern was quite similar as in the previous exams. Below graph gives the basic structure for Paper 2. It gives a detailed structure of weightage of different subjects in the paper.

C++ got the OOP features from Simula67 Programming language. See detailed list of interview questions on pointers.

Important Topics

Category	Average Number of Questions Asked	Important Topics	Difficulty Level
Macroeconomics	17	IS-LM, Multiplier, Cobb Douglas production function, Keynesian model, monetarism and	Moderate
Growth and Development	17	Theories of shumpeter, Technological dualism, balanced Growth, harrod model	Moderate to difficult
Indian Economy	12	Policies and Committees, Nobel Prize winners and their topics, Union Budget and share of deficit, India’s export pattern and structure, GST, SRS bulletin highlights, Minimum Support Price, National Rural Health Mission	Moderate
Public Finance	11	Musgrave theory, Peacock Wiseman hypothesis, public expenditure, progressive tax.	Easy to moderate
Money and Banking	10	Elasticity of demand for money, money multiplier, measures of money, repo rate,	Moderate
Statistics and Econometrics	10	Regression, autocorrelation, simultaneous equation, stationary, time series, index numbers, dummy variables	Moderate to difficult
Microeconomics	10	Cost, Production, law of variable proportions, Pareto optimality, opportunity costs	Moderate
International Trade	8	Trade openness, devaluation, competitive advantage, Balance of payments, Round Tripping	Easy to Moderate
Agriculture	4	Insurance, crop patterns, production	Easy
Probability	1	Probability	Easy

Indian Economy

Indian Economics is the most dynamic part of the paper, the major question is asked related to the following reports/topics:

• Policies and Committees
• Nobel Prize winners and their topics
• Union Budget and share of deficit
• India’s export pattern and structure
• GST
• SRS bulletin highlights

Major takeaways from this paper for future NET aspirants

• The practice of Empirical questions for Microeconomics related to Pareto optimality.
• Early preparation of statistics and Econometrics.
• Major focus on growth theories of Development as almost majority of questions are from that domain.
• Reading of recent issues of SRS Bulletin and budget
• Awareness of recent policies and committees related to GST, National Rural Health Mission, and other Indian economic issues is important.

Read More: Paper Analysis of NTA NET 2018 Exam

Conclusion

The overall difficulty level of the question was moderate this year.

The general pattern observed in this paper was that a lot of questions were quite direct and the level was easy to moderate especially for topics related to Indian Economy and Agriculture. Questions related to microeconomics and Pareto optimality had few questions which were indirect and empirical in nature. The general trend of questions in statistics and econometrics call for early preparation for this subject.