Indian Civil Service Exams (CSE) Syllabus - UPSC Exams

Part I - General Economics:

1. Micro-economics:

• Production: Agents of Production; Costs and Supply; Isoquants.
• Consumption and Demand; Elasticity concept.
• Market Structure and concepts of equilibrium.
• Determination of prices
• Components and Theories of Distribution
• Elementary concepts of Welfare economics: Pareto-optimality-Private and social products-consumers surplus.

2. Macro-economics:

• National Income concepts
• Determinants of National Income Employment
• Determinants of consumption, savings and Investment
• Rate of Interest and its determination
• Interest and profit.

3. Money, Banking and Public Finance:

• Concepts of Money and measures of money supply; velocity of money
• Banks and credit creation; Banks and portfolio management.
• Central Bank and control over money supply
• Determination of the price level.
• Inflation, its causes and remedies.
• Public, Finance-Budgets-Taxes and non-tax revenues-Types of Budget deficits.

4. International Economics:

• Theories of International Trade-comparative costs-Heckscher-Ohlin-Gains from Trade-Terms of Trade.
• Free Trade and Protection.
• Balance of Payments accounts and Adjustment.
• Exchange rate under the exchange markets.
• Evolution of the International Monetary System and World Trading order-Gold Standard-the Brettonwoods system.
• IMF and the World Bank and their associates.
• Floating rates-GATT and WTO

5. Growth and Development:

• Meaning and measurement of growth; Growth, distribution and Welfare Characteristics of underdevelopment
• Stages of Development
• Sources of growth-capital, Human capital, population, productivity, Trade and aid, non-economic factors; growth Strategies
• Planning in a mixed economy-Indicative planning-Planning and growth.

6. Economic Statistics: Types of averages-measures of dispersion-correlation-Index numbers; types, uses and limitations.

Part II - Indian Economics:

• Main features; Geographic size-Endowment of natural resources, Population; size, composition quality and growth trend-Occupational distribution-Effects of British Rule with reference to Drain theory and Laissez Faire policy.
• Major problems, their dimensions, nature and broad causes; Mass poverty-Unemployment and its types-Economics effects of population pressure-Inequality and types thereof-Low productivity and low per capita income, Rural-urban disparities-Foreign Trade and payments imbalances. Balance of Payments and External Debt- Inflation, and parallel economy and its effects-Fiscal deficit.
• Growth in income and employment since Independence-Rate, Pattern, Sectoral trends-Distributional Changes-Regional disparities.
• Economic Planning in India: Major controversies on planning in India-Alternative strategies-goals and achievements, shortfalls of different plans-planning and the Market.
• Broad Fiscal, monetary, industrial trade and agricultural policies-objectives, rationale, constraints and effects

Indian Civil Service Exams (CSE) Syllabus - UPSC Exams