UPSC IAS Economics Syllabus 2021 - Topic Wise & Chapter wise Syllabus for Paper 1 & 2

Chapters

Topics

Advanced Microeconomics

A. K. Sen’s Social Welfare Function, Duopoly, Oligopoly, Ricardo, Kaldor, Kaleeki, Arrow’s Impossibility Theorem, Marshallian & Varrasiam Approach to Price determination, Alternative Distribution Theories; Markets Structure: Monopolistic Competition, Modern Welfare Criteria: Pareto Hicks & Scitovsky

Advanced Macroeconomics

New classical, Keynes curve, Theories of Interest Rate determination & Interest Rate Structure, Approaches to Employment Income & Interest Rate determination, Classical, Neoclassical synthesis,

Money-Banking & Finance

Public expenditure and its effects, Public Finance & its Role in Market Economy, Sources of Government revenue, Forms of Taxes and Subsidies, Goals & Instruments of Monetary Management in Closed and Open Economies, Proposal for the ceiling on the growth rate of money, The relation between the Central Bank and the Treasury, Demand for & Supply of Money, Money Multiplier Quantity Theory of Money & Keynes Theory on Demand for Money, their incidence and effects

International Economics

Theories of underdevelopment in an open economy, Terms of Trade and Offer Curve, Product Cycle and Strategic Trade Theories, Trade as an engine of growth, Old & New theories of International Trade, Comparative advantage

Forms of Protection: Tariff & quota

Trade Policy and Developing Countries, WTO, Floating Rates and their Implications for Developing, Trade Blocks & Monetary Unions, income adjustments under fixed exchange rates, Currency Boards, BOP, Alternative Approaches, Price versus income, Balance of Payments Adjustment, Theories of Policy Mix, Exchange rate adjustments under capital mobility, adjustments & Policy Coordination in open economy macro model, Speculative attacks

Growth & Development

The changing role of Markets & Planning, Harrod’s model theory, Environmental Degradation, Planning & Economic, Intergenerational equity development, Role of Agriculture in Economic Development of less developed countries, Investment, Role of MNCs, PPP, Welfare indicators & measures of growth, Human Development Indices. The basic needs approach, Development & Environmental Sustainability, Renewable and Non-renewable Resources, Economic Development & International Trade, Process of Economic Development of less developed countries

Chapters

Topics

The Pre-Liberalization Era

Broad factors determining National Income & distribution,, Role of the public & private sector, Land Reforms & land tenure system, Industry trends in composition & growth, Trends in poverty & inequality, Contribution of Vakil, Gadgil & V.K.R.V. Rao, Green Revolution and capital formation in agriculture, small scale and cottage industries, National income, Per capita income, Measures of poverty

The Post-Liberalization Era

Employment Guarantee Scheme, From central Planning to indicative planning, Fiscal Federalism & Fiscal Consolidation, Intellectual property rights, Agricultural prices & public distribution system, Food processing, Role of RBI under the new regime, Subsidies, Rural wages, Employment Generation, New Economic Reform & Agriculture & WTO, Impact of public expenditure on agricultural growth, New Economic Policy & Industry, New Economic Policy & Trade, New Exchange Rate Regime, Fiscal Responsibility Act, Twelfth Finance Commission & New Economic Policy and Monetary System, 73rd and 74th Constitutional amendments, Employment & poverty, Poverty alleviation schemes

Papers

Subjects

Marks

Duration

Paper 1

General studies 1

200

2 hrs

Paper 2

General studies 2

200

2 hrs

Papers

Subjects

Marks

Duration

Paper 1

General english

300

3 hrs

Paper 2

Language (regional language)

300

3 hrs

Paper 3

Essay

250

3 hrs

Paper 4

General Studies 1

250

3 hrs

Paper 5

General Studies 2

250

3 hrs

Paper 6

Optional subject 1

250

3 hrs

Paper 7

Optional subject 1

250

3 hrs

Paper 8

Optional subject 2

250

3 hrs

Paper 9

Optional subject 2

250

3 hrs