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Study plans and resources

Books and chapters for UGC NET Economics

Our recommended books and chapters for UGC NET Economics, with free study material and official sources for Indian economy.

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Here are the books and chapters I recommend for UGC NET Economics, arranged by topic. You can also refer to the official Economics syllabus and our study plans.

If the numbering differs in your edition, look up the topic in the contents page.

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Microeconomics

  • Intermediate Microeconomics: A Modern Approach — Hal R. Varian.
  • Modern Microeconomics — A. Koutsoyiannis.
Microeconomics
Economics topicBook author (titles above)Chapter numbers to read
Consumer theoryVarian1–9
Production theoryVarian18–23
Market structuresVarian, KoutsoyiannisVarian – 14, 15, 16, 24, 25; Koutsoyiannis – 6, 7, 8, 9
General equilibriumVarian31, 32, 33
ExternalitiesVarian34

Macroeconomics

  • Macroeconomics — Andrew B. Abel and Ben S. Bernanke; later editions with Dean Croushore.
  • Macroeconomics: Theories and Policies — Richard T. Froyen.
  • Macroeconomics — Rudiger Dornbusch, Stanley Fischer and Richard Startz.
  • Macroeconomics — Olivier Blanchard.
  • Macroeconomic Theory and Policy — William H. Branson.
  • Macroeconomics — Charles I. Jones.
Macroeconomics
Economics topicBook author (titles above)Chapter numbers to read
National income accountingAbel and Bernanke2
Classical modelFroyen3, 4
Keynesian modelDornbusch, Fischer and Startz9
IS-LM modelDornbusch, Fischer and Startz10, 11
AS-AD modelBlanchard6, 7, 8
Consumption theoriesBranson10
Investment theoriesJones17

Money and banking

  • Money, Banking, and Financial Markets: An Economics Approach — Michael R. Baye and Dennis W. Jansen.
Money and banking
Economics topicBook author (titles above)Chapter numbers to read
Money demand theoriesBaye and Jansen15
Money supply processBaye and Jansen14
Monetary policyBaye and Jansen19

Public economics

  • Economics of the Public Sector — Joseph E. Stiglitz and Jay K. Rosengard.
  • Public Finance — Harvey S. Rosen and Ted Gayer.
Public economics
Economics topicBook author (titles above)Chapter numbers to read
Market failureStiglitz and Rosengard4
Public goodsRosen and Gayer4
ExternalitiesRosen and Gayer5
TaxationStiglitz and Rosengard17, 18, 19, 20
Public budget and debtMisra and Puri — title unconfirmed10

International economics

  • International Economics — Dominick Salvatore.
International economics
Economics topicBook author (titles above)Chapter numbers to read
Theories of tradeSalvatore2–6
Open economy macroeconomicsSalvatore16–19

Growth and development

  • Growth and Development: With Special Reference to Developing Economies — A. P. Thirlwall.
  • Economic Development — Michael P. Todaro and Stephen C. Smith.
  • The Economics of Development and Planning — M. L. Jhingan.
Growth and development
Economics topicBook author (titles above)Chapter numbers to read
Harrod-Domar modelThirlwall, Todaro and SmithThirlwall – 4; Todaro and Smith – 3
Solow modelThirlwall, Todaro and SmithThirlwall – 4; Todaro and Smith – 3
Lewis model (dual-sector / unlimited supplies of labour)Jhingan, Todaro and SmithJhingan – 21; Todaro and Smith – 3
Rostow's stages of growthJhingan, Todaro and SmithJhingan – 18; Todaro and Smith – 3
Rosenstein-Rodan (Big Push theory)Jhingan27
Balanced growth (Nurkse)Jhingan20, 28
Unbalanced growth (Hirschman)Jhingan29
Myrdal (theory of circular causation)Jhingan33

Statistics and econometrics

  • Probability and Statistics for Engineering and the Sciences — Jay L. Devore.
  • Basic Econometrics — Damodar N. Gujarati; later editions with Dawn C. Porter.
  • Introductory Econometrics: A Modern Approach — Jeffrey M. Wooldridge.
Statistics and econometrics
Economics topicBook author (titles above)Chapter numbers to read
StatisticsDevore1–9
EconometricsWooldridge, GujaratiWooldridge – 1, 2; Gujarati – 1–6

Mathematical economics

  • Mathematics for Economic Analysis — Knut Sydsaeter and Peter J. Hammond.
Mathematical economics
Economics topicBook author (titles above)Chapter numbers to read
Sets and vectorsSydsaeter and Hammond1
Functions of one variableSydsaeter and Hammond2–8
Single-variable optimisationSydsaeter and Hammond9
Linear algebraSydsaeter and Hammond12, 13, 14
Functions of several variablesSydsaeter and Hammond15, 16
Multivariate optimisationSydsaeter and Hammond17
Constrained optimisationSydsaeter and Hammond18
Linear programmingSydsaeter and Hammond19
Dynamic equationsSydsaeter and Hammond20–21

Indian economy

Use RBI publications for banking and monetary policy updates, and MoSPI for official statistics.

Free academic resources

For environmental economics, the NPTEL course covers environmental goods, valuation and policy. IGNOU’s eGyanKosh has Economics study units you can look up by topic, including development and demography.

The NPTEL public economics course provides further reading. IIT Kanpur also lists a microeconomics course in Hindi.