Project Manager Economics Optional | | UPSC Economics Optional

project manager economics optional | | UPSC economics optional
Economics Optional Syllabus For UPSC Mains
Economics Optional Syllabus For Paper-1
Economics Optional Syllabus For Paper-1

Advanced Micro Economics

Marshallian and Varrasiam Approach to Price determination.

Alternative Distribution Theories; Ricardo, Kaldor, Kaleeki.

Markets Structure: Monopolistic Competition, Duopoly, Oligopoly.

Modern Welfare Criteria: Pareto Hicks and Scitovsky, Arrow’s Impossibility Theorem, A. K. Sen’s Social Welfare Function.

Advanced Macro Economics

Approaches to Employment Income and Interest Rate determination:


Keynes (IS)-LM) curve,

Neo-classical synthesis and New classical,

Theories of Interest Rate determination and Interest Rate Structure.

Money-Banking and Finance

Demand for and Supply of Money

Money Multiplier Quantity Theory of Money (Fisher, Pique, and Friedman)

Keyne’s Theory on Demand for Money,

Goals and Instruments of Monetary Management in Closed and Open Economies.

The relation between the Central Bank and the Treasury.

Proposal for ceiling on the growth rate of money.

Public Finance and its Role in Market Economy

In stabilization of supply, allocation of resources and in distribution and development.

Sources of Government 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.

International Economics

Old and New theories of International Trade.

Comparative advantage,

Terms of Trade and Offer Curve.

Product Cycle and Strategic Trade Theories.

Trade as an engine of growth and theories of underdevelopment in an open economy.

Forms of Protection:

Tariff and quota.

Balance of Payments Adjustment: Alternative Approaches.

Price versus income, income adjustments under fixed exchange rates.

Theories of Policy Mix.

Exchange rate adjustments under capital mobility.

Floating Rates and their Implications for Developing Countries: Currency Boards.

Trade Policy and Developing Countries.

BOP, adjustments and Policy Coordination in open economy macro-model.

Speculative attacks.

Trade Blocks and Monetary Unions.

WTO: TRIMS, TRIPS, Domestic Measures, Different Rounds of WTO talks.

Growth and Development

Theories of growth

Harrod’s model;

Lewis model of development with surplus labour.

Balanced Unbalanced Growth.

Human Capitals and Economic Growth.

Research and Development and Economic Growth.

Process of Economic Development of less developed countries

Myrdal and Kuzments on economic development and structural change:

Role of Agriculture in Economic Development of less developed countries.

Economic Development and International Trade and Investment, Role of Multinationals.

Planning and Economic Development

Changing role of Markets and Planning,

Private-Public Partnership

Welfare indicators and measures of growth

Human Development Indices.

The basic needs approach.

Development and Environmental Sustainability

Renewable and Non-renewable Resources,

Environmental Degradation,

Intergenerational equity development.

Economics Optional Syllabus For Paper-2
Economics Optional Syllabus For Paper-2

The Pre-Liberalization Era

Contribution of Vakil, Gadgil and V.K.R.V. Rao.

Agricultrure : Land Reforms and land tenure system, Green Revolution and capital formation in agriculture.

Industry Trends in composition and growth, Role of public and private sector, small scale and cottage industries.

National and Per capita income : Patterns, trends, aggregate and sectoral composition and changes therein.

Broad factors determining National Income and distribution, Measures of poverty, Trends in poverty and inequality.

The Post-Liberalization Era

New Economic Reform and Agriculture

Agriculture and WTO,

Food processing,


Agricultural prices and public distribution system,

Impact of public expenditure on agricultural growth.

New Economic Policy and Industry:

The strategy of industrialization,



Role of foreign direct investment and multinationals.

New Economic Policy and Trade:

Intellectual property rights:

Implications of TRIPS, TRIMS, GATS and new EXIM policy.
Website www.vishnueconomicsschool.in

Download my app Vishnu ECONOMICS SCHOOL from playlist or link is given below https://play.google.com/store/apps/details?id=co.jarvis.ves
TELEGRAM; - https://t.me/Vishnueconomicsschool
Our channel for commerce students VE Academy of Commerce
consumer surplus economics
Be the first to comment