Search

UPSC Indian Economic Service Examination Syllabus for General Economics- I 2011

Read on to find syllabus of General Economics- I for Indian Economic Service (IES) Examination which will be conducted by Union Public Service Commission on 3 December 2011

Sep 1, 2011 15:06 IST
facebook IconTwitter IconWhatsapp Icon

A combined competitive examination for recruitment to Grade IV of the Services (Indian Economic Service and Indian Statistical Service) will be held by the Union Public Service Commission in accordance with the Rules published by the Ministry of Statistics & Programme Implementation in the Gazette of India.

Name of the Post & Number of Vacancies

  • Indian Economic Service: 19 vacancies
  • Indian Statistical Service: 46 vacancies

The examination shall be conducted according to the following Plan:

  • Written examination carrying a maximum of 1000 marks in the following subjects.
  • Viva voce of such candidates as may be called by the Commission, carrying a maximum of 200 marks.

Indian Economic Service (IES) Written Exam:

  • General English (100 marks, 3 hours)
  • General Studies (100 marks, 3 hours)
  • General Economics- I (200 marks, 3 hours)
  • General Economics- II (200 marks, 3 hours)
  • General Economics- III (200 marks, 3 hours)
  • Indian Economics (200 marks, 3 hours)

General Economics- I

PART A:

  • Theory of Consumer's Demand: Cardinal utility Analysis; Marginal utility and demand, Consumer's surplus, Indifference curve Analysis and utility function, Price income and substitution effects, Slutsky theorem and derivation of demand curve, Revealed preference theory. Duality and indirect utility function and expenditure function, Choice under risk and uncertainty.
  • Theory of Production: Factors of production and production function. Forms of Production Functions: Cobb-Douglas, CES and Fixed coefficient type, Translog production function. Laws of return, Returns to scale and Return to factors of production. Duality and cost function, Measures of productive efficiency of firms, technical and allocative efficiency. Partial Equilibrium versus General Equilibrium approach. Equilibrium of the firm and industry.
  • Theory of Value: Pricing under different market structures, public sector pricing, marginal cost pricing, peak load pricing, cross-subsidy free pricing, and average cost pricing. Marshallian and Walrasian stability analysis. Pricing with incomplete information and moral hazard problems.
  • Theory of Distribution: Neo classical distribution theories; Marginal productivity theory of determination of factor prices, Factor shares and adding up problems. Euler's theorem, Pricing of factors under imperfect competition, monopoly and bilateral monopoly. Macro- distribution theories of Ricardo, Marx, Kaldor, Kalecki.
  • Welfare Economics: Inter-personal comparison and aggregation problem, Public goods and externality, Divergence between social and private welfare, compensation principle. Pareto optimality, Social choice and other recent schools, including Coase and Sen and Game theory.

PART B:

Quantitative Methods in Economics:

  • Mathematical Methods in Economics: Differentiation and Integration and their application in economics. Optimisation techniques, Sets, Matrices and their application in economics. Linear algebra and Linear programming in economics and Input-output model of Leontief.
  • Statistical and Econometric Methods: Measures of central tendency and dispersions, Correlation and Regression. Time series. Index numbers. Sampling and Survey methods. Testing of hypothesis, simple non- parametric tests. Drawing of curves based on various linear and non-linear function. Least square methods and other multivariate analysis (only concepts and interpretation of results). Analysis of Variance, Factor analysis, Principle component analysis, Discriminant analysis.
  • Income distribution: Pareto law of Distribution, lognormal distribution, measurement of income inequality. Lorenze curve and Gini coefficient.

Related Stories