Advanced Micro Economics: (a) Marshallian and Walrasian Approach to Price determination. (c) Economic development and International Trade and Investment, Role of Multinationals. Sen’s Social Welfare Function. Syllabus plays a very important role in Economics Optional for IAS, because more often than not, many questions come directly from the phrases used in the syllabus by the Civil Services Website. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (v) Trade Policy and Developing Countries. 1. (viii) Trade Blocks and Monetary Unions. The alternative theories of distribution talk about how different economists across the world have distributed national income. (c) Balance of Payments Adjustments: Alternative Approaches. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. UPSC Mains Economics Syllabus PAPER – I 1. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow's Impossibility Theorem, A.K. 1. (iii)Product Cycle and Strategic Trade Theories. (ix) WTO: TRIMS, TRIPS, Domestic Measures, Different Rounds of WTO talks. Syllabus for UPSC Mains Economics Optional – Detailed. Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. (iv) Floating Rates and their Implications for Developing Countries: Currency Boards. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Advanced MicroEconomics : (a) Marshallian and Varrasiam Approach to Price determination. Ahuja again. Each paper is of 250 marks, making a total of 500 marks. Sen’s Social Welfare Function. Aspirants those who have taken Economics as your optional can use this page to check your Upsc Geography Optional Syllabus. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. New Economic Policy and Monetary System. Advanced Micro Economics : (a) Marshallian and Varrasiam Approach to Price determination. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Balance of Payments Adjustment : Alternative Approaches. Trade as an engine of growth” and theories of under development in an open economy. UPSC Civil Services Mains Exam Optional Subject consists of 2 papers. No UPSC Optional paper is smooth and easy to prepare for. To be a civil servant, knowing the basic concepts and theories of economics, the nuances of Indian economics and where it stands in respect to the economics of the world is very important. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. (a) (i) Theories of growth: Harrod’s model, (ii) Lewis model of development with surplus labour, (v) Research and Development and Economic Growth, (b) Process of Economic Development of Less developed countries: Myrdal and Kuzments on economic development and structural change: Role of Agriculture in Economic. New Economic Policy and Monetary system. 1 Advanced Micro-Economics: (a) Marshallian and Walrasian Approaches to Price Determination. Proposal for ceiling on growth rate of money. UPSC Economics Syllabus for Mains Exam consists of two papers for 250 marks each. (iii) Product Cycle and Strategic Trade Theories. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Planning: From Central Planning to Indicative Planning, Relation between planning and markets for growth and decentralized planning: 73rd and 74th Constitutional amendments. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Industry Trends in composition and growth, Role of public and private sector, Small scale and cottage industries. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. 1. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. Check your preparation with Free UPSC Mock Test. (b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. Someone without an academic qualification in Economics can always choose the subject as an optional, but not someone who is disinterested in it. (a) Old and New Theories of International Trade. UPSC: Most UPSC Mains candidates choose Economics as an optional subject due to the widely available resources and the largely overlapping of … Sen's Social Welfare Function. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. So while reading any model / theorem, we should simultaneously practise its diagram on paper / computer. Sen’s Social Welfare Function. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (ii) Lewis Model of Development with Surplus Labour, (v) Research & Development and Economic Growth, (b) Process of Economic Development of Less-developed Countries: Myrdal and Kuzments on economic development and structural change. (iii) Product Cycle and Strategic Trade Theories. Candidates with Economics degree or who work as economists, finance managers, trade compliance, and international trade professionals or bankers can opt for Economics as their optional. (iii) Product Cycle and Strategic Trade Theories. Agriculture: Land Reforms and land tenure system, Green Revolution and capital formation in agriculture. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Public Expenditure and its effects. New Exchange Rate Regime: Partial and Full Convertibility, Capital Account Convertibility. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. New Economic Policy and Public Finance: Fiscal Responsibility Act, Twelfth Finance Commission and Fiscal Federalism and Fiscal Consolidation. 1 Advanced Micro-Economics: (a) Marshallian and Walrasian Approaches to Price Determination. To be a civil servant, knowing the basic concepts and theories of economics, the nuances of Indian economics and where it stands in respect to the economics of the world is very important. (b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. This book pretty much covers all the distribution theories decently. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow's Impossibility Theorem, A.K. New Economic Policy and Employment: Employment and Poverty, Rural Wages, Employment Generation, Poverty Alleviation Schemes, New Rural Employment Guarantee Scheme. Economics syllabus for UPSC PAPER-II. Advanced Micro Economics:(a) Marshallian and Walrasiam Approaches to Price determination. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. Sen’s Social Welfare Function. Forms of Protection: Tariff and quota. Advanced MicroEconomics: (a) Marshallian and Walrasian Approaches to Price determination. (b) Public Finance and its Role in Market Economy: In stabilization of supply, allocation of resources and in distribution and development; Sources of Govt. b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. (v) Trade Policy and Developing Countries. (a) Marshallian and Walrasian Approaches to Price Determination. National and Per capita income: patterns, trends, aggregate and Sectoral composition and changes theirin. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (f) Development and Environmental Sustainability – Renewable and Non-Renewable Resources, Environmental Degradation, Intergenerational equity development. Here is the complete UPSC Economics Optional Syllabus for the candidates to refer to. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. Alternative Distribution Theories → Ricardo, Kaldor, Kaleeki. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. Old and New Theories of International Trade (i) Comparative Advantage (ii) Terms of Trade and Offer Curve. Advanced Micro Economics: (a) Marshallian and Walrasian Approaches to Price determination. Economics Syllabus - Civil Services Mains Exam UPSC : PAPER – I 1. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. However, before choosing Economics, the candidates must be sure that they actually like the subject and should not go for it only because they heard that it was easy to study and score or because the topper of the previous year had Economics as his or her optional. The mega ocean is … 1. New Economic Reform and Agriculture: Agriculture and WTO, Food Processing, Subsidies, Agricultural Prices and Public Distribution System, Impact of Public Expenditure on agricultural growth. For my Economics Optional notes, go to this page. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kalecki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. PAPER – I 1. (d) Modern Welfare Criteria: Pareto Hicks &Scitovsky, Arrow’s Impossibility Theorem, A.K. Advanced Micro Economics. The theories of distribution can be broadly divided into two categories, viz., microeconomic theories and macroeconomic theories. Sen’s Social Welfare Function. Some candidates find Economics too dry for their choice, especially students from Science background. It has been categorized into rent, profit, wage, and … Syllabus of Economics Paper-1 1. (b) … According to Wegener’s Continental Drift theory, all the continents were one single continental mass (called a Super Continent) – Pangaea and a Mega Ocean surrounded this supercontinent. Alternative Distribution Theories: Ricardo, Kaldor, Kalecki – this can also be covered from Advanced Economic Theory by HL Ahuja. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (b) … (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Industry Trends in composition and growth, Role of Public and Private sector, Small-Scale and cottage industries. Example Question from 2015 UPSC Economics Paper: In what way Kaldor’s model of income distribution is basically a Keynesian theory? Sen’s Social Welfare Function. Economics is what every country, irrespective of their socio-political scenario, is based on. See: UPSC IAS Preliminary Exam Syllabus 2020. International Economics: Old and New Theories of International Trade . (c) Balance of Payments Adjustment : Alternative Approaches. (c) Balance of Payments Adjustments: Alternative Approaches. If an aspirant is from Economics background and has a strong foothold on the subject, he or she should absolutely go for it. You can check out the UPSC CSE Economics Syllabus for Mains by referring below. Sen’s Social Welfare Function. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. There is no such rule that only Economics graduates can take this subject as an optional. (vi) BOP, Adjustments and Policy Coordination in Open-Economy Macro-Model. (a) Old and New Theories of International Trade. (ii) Theories of Policy Mix. Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow's Impossibility Theorem, A.K. Course Syllabus: Paper - I. They are almost always technical and precise, which can be a problem sometimes. Marshallian and Walrasiam Approaches to Price determination. In this article, we bring you the detailed UPSC syllabus for Economics optional. Although not as popular as Public Administration or Geography, Economics Optional has a good success rate among top AIR holders. UPSC Economics Optional subject is very crucial for General Studies syllabus also. 1. Therefore, making a total of 500 marks. (b) Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (d) Modern Welfare Criteria : Pareto Hicks and Scitovsky, Arrow’s Impossibility Theorem, Copyright © Mission UPSC. (d) Planning and Economic Development: changing role of Markets and Planning, PrivatePublic Partnership. Required fields are marked *. BOOK LIST Advanced Micro Economics: (a) Marshallian and Walrasian Approaches to Price determination. It is very significant for the aspirant to know the detailed syllabus of upsc economics optional for the clear understanding. (iv) Trade as an engine of growth and theories of underdevelopment in an open economy. Though not the most popular optional paper on the block, Economics is a fairly scoring paper. (b) Forms of Protection: Tariff and quota. (iii)Product Cycle and Strategic Trade Theories. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kalecki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Advanced Micro Economics : (a) Marshallian and Varrasiam Approaches to Price determination. Advanced Microeconomics : (a) Marshallian and Varrasiam Approaches to Price determination. revenue, Forms of Taxes and Subsidies, their incidence and effects; Limits to taxation, loans, crowding-out effects and limits to borrowings; Public Expenditure and its effects. (iii) Product Cycle and Strategic Trade Theories. (i) Price versus income, income adjustments under fixed exchange rates. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. UPSC Economics Syllabus – Paper I. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki(c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (vi) BOP, adjustments and Policy Coordination in open economy macro-model. SYLLABUS: Syllabus of Economics optional for UPSC Economics Optional Syllabus for Paper – 1. Sen’s Social Welfare Function. New Economic Policy and Industry: Strategy of Industrialization, Privatization, Disinvestments, Role of Foreign Direct Investment and Multinationals. (i) Price versus Income, Income Adjustments under Fixed Exchange Rates, (iii) Exchange Rate Adjustments under Capital Mobility. Advanced MicroEconomics: (a) Marshallian and Walrasian Approaches to Price determination. UPSC Mains Economics Syllabus PAPER – I 1. The subject is based on rational, practical and logical ideas and concepts, which are comparatively easier to grasp than abstract ones. Advanced Micro Economics : (a) Marshallian and Varrasiam Approach to Price determination. (b) Forms of Protection: Tariff and Quota. Advanced Macroeconomics: Approaches to Employment Income and Interest Rate determination: Classical, Keynes (IS-LM) curve, Neo classical synthesis and New classical, Theories of Interest Rate determination and Interest Rate Structure. Advanced MicroEconomics: (a) Marshallian and Walrasian Approaches to Price determination. (iii) Product Cycle and Strategic Trade Theories. (ii) Theories of Policy Mix. Here is the complete UPSC Economics Optional Syllabus for the candidates to refer to. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. Here is the complete UPSC Economics Optional Syllabus for the candidates to refer to. Product Cycle and Strategic Trade Theories. Sen’s Social Welfare Function. (iv) Trade as an engine of growth and theories of under development in an open economy (b) Forms of Protection: Tariff and quota. Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (i) Price versus income, income adjustments under fixed exchange rates, (iii)Exchange rate adjustments under capital mobility. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. Advanced Micro Economics: Marshallian and Walrasiam Approaches to Price determination. Forms of Protection: Tariff and quota. UPSC: Most UPSC Mains candidates choose Economics as an optional subject due to the widely available resources and the largely overlapping of the syllabus with General Studies for Prelims and Mains. PAPER – I. (b) … (b) Public Finance and its Role in Market Economy: In stabilization of supply, allocation of resources and in distribution and development. 1. Unless someone has a real love and understanding of the subject, it can be hard to pursue. (i) Price versus income, … Marshallian and Walrasiam Approaches to Price determination. Paper – I. ricardian theory of distribution - national income into rent , wages and profit | paper 1 Manufacture and Transport: Jute, Cotton, Railways, Money and Credit. UPSC economics is completely non mathematical and totally diagramatical. (e) Welfare indicators and measures of growth – Human Development Indices. New Economic Policy and Trade: Intellectual property rights: Implications of TRIPS, TRIMS, GATS and new EXIM policy. Your email address will not be published. New Economic Policy and Trade: Intellectual Property Rights: Implications of TRIPS, TRIMS, GATS and new EXIM policy. New Exchange Rate Regime: Partial and full convertibility, Capital account convertibility. Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki Comparative Advantage; Terms of Trade and Offer Curve. Alternative Distribution Theories: Ricardo, Kaldor, Kalecki: One has to go back Advanced Economic Theory by H.L. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Marshallian and Walrasiam Approaches to Price determination. UPSC Civil Services (Mains) Examination Syllabus of Economics. Indian Economy in PreIndependence Era: Land System and its changes, Commercialization of agriculture, Drain theory, Laissez faire theory and critique. Sen’s Social Welfare Function. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. New Economic Policy and Public Finance: Fiscal Responsibility Act, Twelfth Finance Commission and Fiscal Federalism and Fiscal Consolidation. 1. New Economic Policy and Employment: Employment and poverty, Rural wages, Employment Generation, Poverty alleviation schemes, New Rural Employment Guarantee Scheme. (a) Marshallian and Walrasiam Approaches to Price determination. Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (ii) Development of less developed countries. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. New Economic Reform and Agriculture: Agriculture and WTO, Food processing, Subsidies, Agricultural prices and public distribution system, Impact of public expenditure on agricultural growth. (c) Balance of Payments Adjustments: Alternative Approaches. (a) Old and New Theories of International Trade (i) Comparative Advantage (ii) Terms of Trade and Offer Curve. Sen’s Social Welfare Function. Copy rights All rights reserved by Vignan IAS Academy 2020. Rao. Alternative Distribution Theories → Ricardo, Kaldor, Kaleeki. UPSC CSE Mains Economics Syllabus Paper – I. Graphs and charts are an intrinsic part of Economics, which is not the case with other papers like Public Administration or Sociology. The syllabus of UPSC Economics Optional is such that an aspirant even without any prior academic experience with the subject can go for it and score well. But in case a candidate is from a different field and finds Economics an interesting subject that they can understand and explore, then they should take a week or two studying the basics of Economics. Role of RBI under the new regime. (d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. If it is something they think they can take an interest in, prepare over the months and take the examination, then there is no reason for not choosing Economics Optional for UPSC. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. ECONOMICS PAPER – I. UPSC IAS Mains Economics Syllabus For Paper-1. (d) Planning and Economic Development: The changing role of Markets and Planning, Private-Public Partnership. UPSC Economics Syllabus for Mains Exam consists of two papers for 250 marks each. (iv) Floating Rates and their Implications for Developing Countries: Currency Boards. Sources of Govt. Economics is one of the many optional subjects that can be opted for the Civil Services Mains Exam. (c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly. Advanced Micro Economics: (a) Marshallian and Walrasiam Approaches to Price determination. UPSC Economics Syllabus PAPER – I 1. Limits to taxation, loans, crowding-out effects and limits to borrowings. 1 Advanced Micro-Economics: (a) Marshallian and Walrasian Approaches to Price Determination. For all my answer copies, go to this page. Advanced Micro Economics: (a) Marshallian and Walrasian Approach to Price determination. Sen’s Social Welfare Function. (d) Modem Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. (b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki. Thus Economics is an essential optional subject in UPSC mains that the aspirants can opt for.