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Showing posts with label Study Materials10. Show all posts
Showing posts with label Study Materials10. Show all posts

Thursday, May 28, 2020

Scanned Notes and Strategy Tejasvi Rana Rank 12 (Economics Optional Marks – 325, CSE-2016)



My score jumped form 89 in 2015 to 173 in 2016. I think greater clarity of models that comes with re-readings facilitated this jump. Apart from that, I did not shy away from trying different tricks and techniques to improve presentation of my answers. These I have discussed topic wise.
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Monday, May 18, 2020







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Friday, August 09, 2019

Hindi Economy Materials Pdf Download


Hindi Economy Materials

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Friday, July 19, 2019

Indian Economy (Dhyeya) in Hindi PDF


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Friday, March 22, 2019

How to prepare Economics for CSE Prelims 2019

Hello Aspirants! This blog is dedicated to those who find Economics a confusing nut to crack in UPSC Prelims. We hope by this time you know what to read and refer for this subject. Since this is your last leg of your prelims preparation, we shall guide you what to focus on during your revision.
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Monday, March 19, 2018

Insights IAS ECONOMY Revision Module 2018


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Sunday, February 25, 2018

Target 2018 Economy June-November 2018 Pdf


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Thursday, June 01, 2017

Prelims – Past Questions Analysis – Economics (ShankarIAS)


We Often Read About Debates That Discuss About Good And Bad Economics In The Newspapers. These Debates Can Have Different Answers Depending Upon The Perspectives, But When It Comes To Civil Services Prelims, Economics Is Definitely Good. Definitely A Scoring Area As Basic Understanding Of The Subject Can Help You Ease Through The Portion In The Question Paper.

Here we go ahead and take a look at all the questions that have been asked from this section over the last four years and briefly discuss them again to help gauge the level of preparation needed in the last few days.
How to read through the tabulation?
  1. A gist of the question is given preceded by the question number in set ‘A’ of the Question Papers. This can be found in the UPSC website.
  2. The sub-topic is a broad classification which can help you zoom in on the probable areas.
  3. The difficulty level is denoted using five stars, with one star corresponding to ‘very easy’ and five to ‘very difficult’. (Obviously, this has some subjectivity)
  4. The ‘Remarks’ column might refer to the source of the question or the nature of the question or even both. Again, this can be subjected to little variance with the perception of the aspirant.

Math time! Out of the 68 questions in Economics over the last four years, over 26% of them come under the one-star rating and 50% of them have two stars. That means over three-fourth of the questions are comfortably within your striking distance. Apart from that, almost 20% are rated three stars which mean that they aren’t questions completely out of reach.
 Another notable trend has been the marked increase in the number of Current Affairs questions over the last two years, especially 2016 witnessing almost 60% of the Economics questions being related to Affairs in news at that point of time.
 Well, with the UPSC Prelims approaching, we wish all of you have a happy hunting day!

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Friday, March 24, 2017

Insights PT 2017 Exclusive - Economy - June 2016 - March 2017


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Thursday, February 23, 2017

Economy in Hindi


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Saturday, November 19, 2016


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Thursday, October 13, 2016


  1. Advanced Micro Economics :
  • Marshallian and Varrasiam Approaches 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.
  1. Advance Macro Economics :
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.
  1. Money-Banking and Finance :
  • Demand for and Supply of Money : Money Multiplier Quantity Theory of Money (Fisher, Pique and Friedman) and Keyne’s Theory on Demand for Money, Goals and Instruments of Monetary Management in Closed and OpenEconomies. Relation between the Central Bank and the Treasury. Proposal for ceiling on growth rate of money.
  • Public Finance and its Role in market Economy : In stabilisation of supply, allocative, 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.
  1. 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 macromodel.
  • Speculative attacks.
(viii) Trade Blocks and Monetary Unions.
(ix) WTO : TRIMS, TRIPS, Domestic Measures, Different Rounds of WTO talks.
  1. Growth and Development :
  • (i) 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 courtries : 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.
Indian Economics in Post-Independence Era :
Land System and its changes, Commercialization of agriculture Drain theory, Laissez faire theory and critique. Manufacture and Transport : Jute, Cotton, Railways, Money and Credit.
Indian Economy after Independence :
  1. 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.
  1. The Post-Liberalization Era :
  • New Economic Reform and Agriculture : Agriculture and WTO, Food processing, subsidies, Agricultural prices and public distribution system, Impact of public expenditure on agricultural growth.
  • New Economic Policy and Industry : Strategy of industrialization, Privatization, Disinvestments, Role of foreign direct investment and multinationals.
  • 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.
  • New Economic Policy and Public Finance : Fiscal Responsibility Act, Twelfth Finance Commission and Fiscal Federalism and Fiscal Consolidation.
  • New Economic Policy and Monetary System. Role of RBI under the new regime.
  • Planning : From central Planning to indivative planning, Relation between planning and markets for growth and decentralized planning : 73rd and 74th Constitutional amendments.
(viii) New Economic Policy and Employment : Employment and poverty, Rural wages, Employment Generation, Poverty alleviation schemes, New Rural, Employment Guarantee Scheme.

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