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UPSC Indian Economic Service Exam Syllabus

Part I is written examination carrying a maximum of 1000 marks.

The exam is of conventional type.

Part II is viva-voce of such candidates as may be called by the Commission, carrying a maximum of 200 marks.

S.No. Subject Marks Time
1 General English 100 3 hours
2 General Studies 100 3 hours
3 General Economics - I 200 3 hours
4 General Economics - II 200 3 hours
5 General Economics - III 200 3 hours
6 Indian Economics 200 3 hours

Syllabus-

Syllabus for General Studies

Current Events -National & International.
Indian Geography.
Indian History.
Indian Polity.
Indian Constitution.
Polity & Governance.
Environmental Studies.
Science & Technology etc.

Syllabus for General English

Passages.
Precise Writing.
Essays.
Comprehension.
Antonyms.
Synonyms.
Letter Writing etc.

Syllabus for General Economics-I

Theory of Consumer’s Demand.
Theory of Production.
Theory of Value.
Theory of Distribution.
Welfare Economics.
Quantitative Methods in Economics.
Mathematical Methods.
Statistical and Econometric Methods.
Principle component Analysis.
Heteroscedasticity.
Autocorrelation.
Multicollinearity etc.

Syllabus for General Economics-II

Economic Thought.
Concept of National Income and Social Accounting.
Theory of employment, Output, Inflation, Money and Finance
IS-LM Model and AD-AS Model in Keynesian Theory.
Financial and Capital Market.
Economic Growth and Development.
Basics of Endogenous Growth Theory.
International Economics.
ASEAN Crisis of 1998.
Global Financial Crisis of 2008.
Euro Zone Crisis- Causes and Impact.
Balance of Payments.
IS-LM Model.
Mundell- Fleming Model of Balance of Payment.
Global Institutions etc.

Syllabus for General Economics-III

Public Finance.
Environmental Economics.
Rio process 1992 to 2012.
RIO Conventions.
UNFCC.
Bali Action Plan.
Carbon Markets and Market Mechanisms.
Climate Change Finance.
Green Climate Fund.
Industrial Economics.
State, Market and Planning etc.

Syllabus for Indian Economics

History of Development and Planning.
Federal Finance.
Budgeting and Fiscal Policy.
Poverty, Unemployment and Human Development.
Agriculture and Rural Development Strategies.
India’s experience with Urbanisation and Migration.
Industry.
Strategy of Industrial Development.
Labour—Employment.
Foreign Trade.
Money and Banking.
Commodity Market in India-Spot.
Futures Market.
Role of FMC.
Inflation etc.