RBI GRADE B DEPR SYLLABUS

Phase – I- Paper I Objective Type (on Economics)

• Microeconomics (Theories of consumer’s demand; Production; Market Structures and Pricing; Distribution; and Welfare Economics)
• Macro Economics (Theories of Employment, Output and Inflation; Monetary Economics; ISLM Model; Schools of Economic Thought)
• International Economics (Theories of International Trade; Balance of Payments; Exchange Rate Models)
• Theories of Economic Growth and Development (Classical neo-classical approaches to economic growth and major theories of economic development)
• Public Finance (Theories of taxation and public expenditure and Public Debt Management)
• Environmental Economics (Green GDP, Environmental Valuation, Environmental policy instruments)
• Quantitative Methods in Economics (Mathematical and Statistical Methods for Economics, Ordinary Least Square Regression)
• Current developments in Indian Economy (Growth, inflation, poverty, unemployment, financial sector developments, external sector developments, fiscal developments, agriculture, industry, infrastructure, and services)

Phase – I – Paper-II Descriptive Type (on English)

The paper on English shall be framed in a manner to assess the writing skills including expression and understanding of the topic.

Phase – II – Paper – I Descriptive Type (on Economics) 

Microeconomic Module

• Consumer Theory: Cardinal and Marginal Utility Analysis, Consumer Surplus, Indifference Curve Analysis, Price, Income and Substitution Effects, Game Theory
• Production Theory: Forms of Production function; Laws of Returns to Scale; Partial Equilibrium Vs General Equilibrium Analysis
• Market Theory: Pricing under different market structures
• Distribution Theories: Ricardo, Marx, Kalecki and Kaldor
• Welfare Economics: Pareto Optimality, Schools of Welfare Thought including Arrow, Coase and Sen

Macroeconomic Module

• National Income Accounting: Various methods for measurement of National Income
• Theory of employment and Output: Classical and Neo-classical approaches, Keynesian theory of Employment and output, Post-Keynesian developments, Business Cycles
• Inflation: Types of Inflation, Philip’s curve, Taylor’s Rule, Lucas Critique
• Money and Banking: Quantity theory of Money, Neutrality of money, IS – LM Model and AD-AS Models, Money Multiplier, Monetary Policy – Scope, Objectives and instruments, Inflation targeting
• Theories of Economic Growth and Development: Theories of growth, Classical and neoclassical approaches, Theories of Economic Development
• International trade and Balance of payments: Theories of international trade, Determination of exchange rates, Impossible Trinity
• Public Finance: Theories of taxation, Theories of public expenditure, Theories of public
• debt management

(Equal weightage will be given to Microeconomic and Macroeconomic modules)

Phase – II – Paper-II Descriptive Type (on Economics)

Module on Quantitative Methods in Economics

• Mathematical Methods in Economics: Differentiation and Integration, Optimisation, Sets, Matrices, Linear algebra and Linear programming
• Statistical Methods in Economics: Measures of central tendency and dispersions, Probability, Time series, Index numbers.
• Econometrics and advanced Applications: Regression analysis, Panel data econometrics, Time Series econometrics, Basics of Bayesian Econometrics, Basic application of Artificial Intelligence/ Machine Learning

Module on Indian Economy – Policy and Trends

• Fiscal policy in India: Evolution, scope and limitations, current trends
• Monetary Policy in India: Evolution, Functions of the Reserve Bank of India, Monetary Fiscal coordination, Inflation targeting, Operating framework of Monetary Policy, Current trends
• Banking and financial sector development in India: Banks and other constituents of Indian financial markets and related developments, Current trends
• Inflation in India: Trends and drivers
• External sector developments in India: Exchange rate management, external debt, Balance of payments, Current trends
• Sectoral and other developments in India: Agriculture, industry, services and social sector-related developments

(Equal weightage will be given to Quantitative Economics and Indian Economy-relatedmodules)