Economics optional syllabus

UPSC economics optional syllabus: Economics optional subject for the UPSC exams consists of two papers i.e paper I and paper II and each paper covers 250 marks total 500 marks.

upsc economics optional syllabus

 Economics is a very interesting subject and it is also important to know about the economy of their respective country to work according. For a higher post government job like IAS, PCS etc it is essential to properly understand the economic level of their country and most of the competitive exams cover the economics section to check the level of the students.

It is very significant for the aspirant to know the detailed syllabus of upsc economics optional for the clear understanding. 

Economics syllabus for UPSC PAPER-II

  1. Advanced Microeconomics :

(a) Marshallian and Varrasiam Approaches to Price determination.
(b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki.
(c) Markets Structure
(d) Modern Welfare Criteria

  1. Advance Macro Economics
  1. Money-Banking and Finance :

(a) Demand for and Supply of Money
(b) Public Finance and its Role in market Economy

  1. International Economics :

(a) Old and New theories of International Trade.
(i) Comparative advantage,
(ii) Terms of Trade and Offer Curve.
(iii) Product Cycle and Strategic Trade Theories.
(iv) Trade as an engine of growth and theories of underdevelopment in an open economy.

(b) Forms of Protection : Tariff and quota.
(c) Balance of Payments Adjustment

(i) Price versus income, income adjustments under fixed exchange rates.
(ii) Theories of Policy Mix.
(iii) Exchange rate adjustments under capital mobility.
(iv) Floating Rates and their Implications for Developing Countries
(v) Trade Policy and Developing Countries.
(vi) BOP, adjustments and Policy Coordination in open economy macromodel.
(vii) Speculative attacks.
(viii) Trade Blocks and Monetary Unions.
(ix) WTO

  1. Growth and Development :

(a) (i) Theories of growth
(ii) Lewis model of development with surplus labour.
(iii) Balanced Unbalanced Growth.
(iv) Human Capitals and Economic Growth.
(v) Research and Development and Economic Growth.

(b) Process of Economic Development of less developed courtries
(c) Economic Development and International Trade and Investment, Role of Multinationals.
(d) Planning and Economic Development
(e) Welfare indicators and measures of growth
(f) Development and Environmental Sustainability

Economics syllabus for UPSC PAPER-II

Indian Economics in Post-Independence Era : Land System and its changes, Commercialization of agriculture Drain theory, Laissez faire theory and critique. Manufacture and Transport : Jute, Cotton, Railways, Money and Credit. 

UPSC agriculture optional syllabus

Indian Economy after Independence :

  1. The Pre-Liberalization Era :

(i) Contribution of Vakil, Gadgil and V.K.R.V. Rao.
(ii) Agriculture
(iii) Industry Trends in composition and growth, Role of public and private sector, small scale and cottage industries.
(iv) National and Per capita income
(v) Broad factors determining National Income and distribution, Measures of poverty, Trends in poverty and inequality.

  1. The Post-Liberalization Era :

(i) New Economic Reform and Agriculture
(ii) New Economic Policy and Industry
(iii) New Economic Policy and Trade
(iv) New Exchange Rate Regime
(v) New Economic Policy and Public Finance
(vi) New Economic Policy and Monetary System
(vii) Planning
(viii) New Economic Policy and Employment

Economics optional syllabus for upsc pdf

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