UPSC IAS Economics Syllabus 2024 - Topic Wise & Chapter wise Syllabus for Paper 1 & 2

UPSC IAS Economics Syllabus 2024 - Topic Wise & Chapter wise Syllabus for Paper 1 & 2

Edited By Soujanya K | Updated on Feb 14, 2024 05:52 PM IST | #UPSC CSE

UPSC published the syllabus of UPSC Economics 2024 for the mains online on their official website. The IAS economics syllabus can be downloaded in the form of a PDF from UPSC.gov.in. the IAS Syllabus 2024 is released in the IAS notification. The IAS Economics syllabus 2024 will contain a list of important topics covered by Economics Paper 1 and Paper 2.
Download - IAS syllabus 2024 for Economics

UPSC Economics is one of the 48 optional subjects offered in the IAS exams. Candidates can use the UPSC Economics optional syllabus to go through important topics such as Advanced Microeconomics, Money-Banking Finance, International Economics and Growth & Development.

Candidates can use the IAS economics syllabus as a guide to get a better understanding of the topics covered in the next IAS Economics optional and the types of questions asked. Candidates can also solve past IAS 2024 Economics Question papers to better prepare for the Economics optional UPSC exam. Candidates can consult the material below for details pertaining to the Economics UPSC syllabus.

UPSC Economics Syllabus 2024 - For IAS Mains Paper 1

The UPSC IAS 2024 mains exam has 9 papers out of which two are of optional subjects. For applicants who have opted for Economics as an optional subject, the syllabus for the IAS exam Economics Paper 1 has units like MicroEconomics, MacroEconomics, Money-Banking and finance, Tariff & quota, International Economics, and more which cover a wide range of topics within. To know more about the IAS Economics syllabus for mains Paper 1 refer to the table below.

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UPSC Economics syllabus for Paper 1

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 Macro Economics

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

Also read: Information about category-wise career exams

UPSC Economics Syllabus 2024 - For IAS Mains Paper 2

The IAS Economics mains Paper 2 exam has topics related to the pre-liberalization era, the post-liberalization era and more. To know more about the syllabus of the UPSC Economics Paper 2 mains exam check the table below.

UPSC Economics syllabus for Paper 2

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

UPSC Subject-wise Questions for Various Subjects

UPSC IAS Exam Pattern 2024 - For Prelims & Mains Exam

Union Public Service Commission also prescribes the UPSC IAS exam pattern 2024. As per the official UPSC IAS notification, the UPSC CSE prelims exam is objective type in nature whereas the UPSC IAS mains exam is descriptive in nature. The Civil Services prelims exam is of 400 marks in total whereas the mains is of 2350 marks out of which 600 marks are assigned to qualifying subjects like general English and language. For more details on the prelims and mains, IAS exam pattern 2024 check the tables below.

IAS prelims exam pattern

Papers

Subjects

Marks

Duration

Paper 1

General studies 1

200

2 hrs

Paper 2

General studies 2

200

2 hrs

Also read: UPSC Mock Tests Series for UPSC

UPSC IAS mains exam pattern

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

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Frequently Asked Questions (FAQs)

1. How many optional subjects are there in the IAS examination?

UPSC CSE exam has 26 optional subjects from which the candidates have to select one.

2. When is the UPSC IAS 2024 application going to be released?

IAS application form 2024 will be released on February 14, 2024, on the UPSC website.

3. How many papers are there in the IAS mains exam?

The IAS mains exam has nine papers in total.

4. What is the minimum age to appear for the IAS exam?

The minimum age to appear for the UPSC IAS exam is 21 years.

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Questions related to UPSC CSE

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Steps to become an IAS officer


Graduation


You should have a bachelor's degree in any discipline from a known university

Arts: History, Geography, Political Science, Economics, Sociology

Science: Physics, Chemistry, Mathematics, Biology

Commerce: Economics, Accountancy, Business Studies

Preparation for UPSC Civil Services Examination:


Study the Syllabus: Learn the syllabus for Preliminary and Main exams.

Choose Elective Subjects: Take elective subjects that you enjoy and have expertise in

Study Material: Reference textbooks, handouts distributed during the coaching and internet resources.

Practice: Previous years' question paper, mock tests, etc

Coaching Institutes: Join a good coaching institute for formal guidance 3. UPSC Civil Services Examination:

Prelims Exam: An objective-type qualifying test that will make you eligible to appear in the Main examination.

Main Exam: Very subjective test which includes all subjects.

Interview: Personality test by a panel of experts.

Important Tips:


Start Early: Better preparation starts early.

Time Management: Manage your time very efficiently.

Consistency: Follow a regular study routine.

Stay Updated: Current affairs and news.

Seek Guidance: Who have an experience can be consulted upon for guidance.

Practice Regularly: Solve the previous year's paper and mock tests.

Stay Positive: Believe in yourself and work hard.

Hence, with these steps and dedication and perseverance, you're sure to achieve your end as an IAS officer.

Hello,

Yes, while IAS (Indian Administrative Services) preparation requires a graduation degree, here are steps you can take to start your IAS journey after completing your 11th standard (BiPC):

  1. Focus on Graduation : Choose a stream for your higher studies that aligns with your interest. Graduation is a mandatory qualification for IAS eligibility.
  2. Early Preparation : Start building a strong foundation in subjects like History, Geography, Economics, and Political Science, which are part of the IAS syllabus.
  3. Develop General Knowledge : Read newspapers daily and follow current affairs magazines to stay updated with national and international news.
  4. Improve Language Skills : Enhance your proficiency in English and one Indian language as per the Civil Services syllabus.
  5. Join Study Circles or Coaching : Enroll in pre-IAS foundation courses available for school students for a head start.
  6. Time Management : Create a balanced study schedule alongside your schoolwork to gradually prepare for the IAS exam.
  7. Participate in Competitions : Engage in essay writing and debates to boost your analytical skills and confidence.

To get more help, you can visit : https://www.careers360.com/careers/ias-officer

Hope it helps 1

Hello there,

Becoming both an IAS officer and a doctor is achievable but requires dedication and clear planning, as each career has distinct educational and examination paths. Here’s a roadmap to help you achieve both:

1. Complete Your MBBS to Become a Doctor

  • Enroll in an MBBS Program : First, you need to qualify for NEET (National Eligibility cum Entrance Test) and get admission to a medical college.

  • Complete Your Medical Degree : The MBBS program typically takes 5.5 years, including an internship.

  • Gain Experience (Optional) : You may choose to practice medicine for a few years to gain clinical experience, but it’s not mandatory if your goal is to pursue IAS right after MBBS.

    2. Prepare for the UPSC Civil Services Examination (CSE)

  • Understand the UPSC Exam Structure : The UPSC CSE has three stages—Preliminary Exam, Mains Exam, and Interview. You can start preparing while in medical school or after completing MBBS.

  • Choose Your Optional Subject : As a doctor, you may consider taking medical science as your optional subject, though it’s not mandatory.

  • Develop a Study Plan : Balance your medical studies or job with UPSC preparation. Many doctors manage both by allocating dedicated study time each day.

  • Appear for the Exam : With a systematic approach, crack the UPSC exam and qualify for the IAS position.

    3. Career Path as a Doctor-IAS

  • IAS Training and Posting : After clearing UPSC, complete your training and take up your role as an IAS officer. You’ll have a broad scope to influence healthcare, public policy, and social development.

  • Consider Government Health Roles : In administrative roles, you could use your medical background to work in health-related departments, where your knowledge of medicine would be a unique asset.

    Additional Pathways

  • Alternative Approach : You could also join as a doctor in a government hospital and then transition to administration by appearing for the UPSC exam when ready.

  • Health Policy and Administration : Use your medical background in policy formulation or in roles within the Ministry of Health, combining both careers for impactful healthcare reforms.

This dual career path is ambitious but can be very rewarding, allowing you to serve in both the medical and administrative fields.


I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.

Thank you and wishing you all the best for your bright future.


Hello aspirant, The answer to this question is no. Both of these areas require your complete commitment and dedication. You can not manage both of these together. Also it is not allowed to do any other profession while performing duties as a IAS officer. If you want to practice medical profession then you have to leave your job.

Thank you

Hope it helps you.

Hello,

When choosing an IAS coaching institute, it's important to consider factors such as faculty quality, study materials, success rate, infrastructure, fees, and student support. Here are some highly regarded IAS coaching institutes in India:

1. Vajiram & Ravi

  • Location: Delhi
  • Pros: Experienced faculty, comprehensive study materials, high success rate.
  • Cons: Relatively expensive.

2. ALS IAS

  • Location: Delhi, with branches in various cities.
  • Pros: Good faculty, structured programs, and regular tests.
  • Cons: Can be costly, and the quality may vary across branches.

3. Vision IAS

  • Location: Delhi, with branches in other cities.
  • Pros: Detailed study materials, current affairs updates, regular mock tests.
  • Cons: Some students find the pace fast.

4. Sriram IAS

  • Location: Delhi
  • Pros: Strong emphasis on comprehensive understanding, quality teaching.
  • Cons: Limited branches compared to others.

5. Drishti IAS

  • Location: Delhi, with a few branches in other cities.
  • Pros: Affordable fees, good study material, and supportive faculty.
  • Cons: Infrastructure might be less impressive.

6. Upkar Institute

  • Location: Multiple cities.
  • Pros: Focus on affordable coaching, quality materials.
  • Cons: Less known compared to the top-tier institutes.

7. The Hindu Zone

  • Location: Online coaching.
  • Pros: Flexibility of online classes, good faculty, and resources.
  • Cons: Online learning might not suit everyone.

Hope it helps !

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