ECONOMICS OPTIONAL
Ø Economics is one of the optional subjects offered by the UPSC in the civil services mains exam. Though not as popular as some other subjects like Public Administration or Geography, Economics has a good success rate among candidates. There have been toppers with this optional also.
Ø Economics is a very interesting optional and over the past few years, it has gained a lot of popularity mainly owing to the fact that many toppers had chosen this optional and it has been a scoring subject all along. The subject is technical and at the same time it is equally relevant in current times.
Ø As mentioned above, the success rate has been good for aspirants who have chosen economics optional. Candidates who have a previous background in this subject definitely have an added advantage and can easily complete the syllabus in lesser span of time due to the familiarity of concepts. In case of an aspirant being a complete novice to the subject, it might take a considerate time to complete the syllabus. The preparation time caries from individual to individual. The first step towards effective optional preparation is to go through the entire syllabus and keep the syllabus handy.
Economics Optional Syllabus For Paper-1 | ||
Advanced Micro Economics | Ø Marshallian Ø Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. Ø Markets Ø Modern
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Advanced Macro Economics | Approaches Ø Classical, Ø Keynes Ø Neo-classical Ø Theories
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Money-Banking and Finance | Demand for and Supply of | Ø Money Ø Keynes’s Ø Goals Ø The Ø Proposal
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Public Finance and its | Ø In Ø Sources Ø Public | |
International Economics | Old and New theories of International |
Ø Comparative advantage, Ø Terms of Trade and Offer Ø Product Cycle and Ø Trade as an engine of
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Forms of Protection: | Tariff and quota. | |
Balance of Payments | Ø Price versus income, Ø Theories of Policy Mix. Ø Exchange rate adjustments Ø Floating Rates and their Ø Trade Policy and Ø BOP, adjustments and Ø Speculative attacks. Ø Trade Blocks and Monetary Ø WTO: TRIMS, TRIPS,
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Growth and Development | Theories of growth | Ø Harrod’s model; Ø Lewis model of Ø Balanced Unbalanced Ø Human Capitals and Ø Research and Development
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Process of Economic | Ø Myrdal and Kuzments on Ø Role of Agriculture in
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Economic Development and |
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Planning and Economic | Ø Changing role of Markets Ø Private-Public
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Welfare indicators and | Ø Human Development Ø The basic needs approach.
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Development and | Ø Renewable and Ø Environmental Ø Intergenerational equity
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Walrasian