how to prepare economy fr upsc

5/21/2018 How to Prepare Economy Fr Upsc

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ya but How to kick start the Economy preparation (UPSC)

Basic approach for UPSC Civil Service Exam is given below. (For other

exams it varies according to their pattern)

Approach: Microeconomics

Only do selective study from NCERT Class 11 Microeconomics, as

following.

1. Elasticity of demands (ch2) + Giffen goods (internet)

2. Law of diminishing marginal product (ch 3.4)

3. Perfect competition (ch4.1): only features.

4.Non-competitive markets: (ch.6)

1. features given @intro

2. Monopolistic competition (ch.6.2.1)

3. Oligopolistic competition (ch 6.2.2)

5. Price ceiling and Price floors (ch5.2): only basic definition

6. Glossary: only MCQ worthy definitions.Approach: Macroeconomics + Indian Economy

GDP GNP Growth Basics

NCERT Class 12 Macroeconomics After NCERT

Ch. 2 National Income Accounting

Circular flow of income.

How to calculate national income (ignore

minute details/fomulas)

GDP, GNP, NNP, deflator and their

formulas.

Ramesh: Ch1. subtopic ideas of national income

Ch2 GDP vs Welfare topic (given at the end of

this chapter)

1. RAMESH: Ch 2 growth and development.

2. Human Development index: Theory + current (Mrunal under

Economic Survey ch. 13 summary) + Schemes.

3. Then newspaper + Yojana/Kuru +Magazines =>pib.nic.in


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Money Banking Finance

NCERT Class 12

MacroeconomicsAfter NCERT

Ch. 3 Money & Banking:

Supply of money,

Functions of RBI

Ramesh

12 Banking

11. Financial market => 14 Securities Market (Stock exchange, FII, QFI etc.)

13 Insurance

Current:

Economic Survey ch5 (FI)

Legal angle: CSR, company law, SEBI powers

Committees: Mayaram FDI-FII, Bimal Bank License, Nachiket Fin. Services, PJ

Nayak Governance in Bank boards. list goes on.

Scam like: Bitcoin, Ponzi Scheme, NSEL, SEBI-SAHARA, Money laundering

Growth/Inclusion Angle

Foreign Investment/ Foreign Trade

NCERT Class 12 Macroeconomics After NCERT

NCERT 12/macro/ch.6

Balance of Payment, Foreign Exchange

Gold standard, Bretton woods.

ignore Formulas and Charts. only one formula important:

National income: Y=C+I+G+X-M

+prepare all the terms in Glossary.

Ramesh

Ch15: External Sector

Ch16: IMF, World banks, OECD, ADB and

other intl.org (even for Mains)

Current (focus on these news)

1. CAD high, Rupee weak (Govt+RBI)

2. Bilateral investment

1. India 2015 Ch. on Commerce. (for Mains.)

2. Visits and agreements. (make notes)

3. WTO: current (Bali summit, agro subsidy)

4. Infra, Food processing related (GSM3)


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Taxation/ Fiscal policy

NCERT Class 12 Macroeconomics

Chapter 5

Revenue and capital account

Measures of deficit

Changes in Expenditure : ignore graph and formulas

Debt, deficit

After NCERT

Laxmiankthsbook on Indian Polity.also available in Hindi

Ch. on parliament=>budget making, chapters on Central state relations,

federalism and CAG.

Ramesh Singh :

Ch. 18 Public finance.

Ch.17 Taxation

Lastly, GSM (MCQ)

(optional)Laxmikanthsbook on Pub.Ad:

Chapter on Financial Administration,

Union Government in India (PSU)

Approach: Indian Economy (for UPSC)

For Indian Economy- the approach must be prelim cum mains. (Prelim-

oriented jugaad preparation doesnt work anymore- because UPSC

professors designing tough MCQs to break the backs of coaching classes

and senior players.) Anyways you should approach the basic of Indian

Economy following sequence:

#1: Background + British Raj/Pre-independence

NCERT 12: Fundamental of Human Geo.

1. Unit III (ch.5 to 9): sectors of economy

Colonialism, Imperialism, industrial revo.

1.NCERT (old) class 10, first chapter (Mrunal.org/history)
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2. Bipin Chandra (Ch7) Economic Critique

3.NCERT class11 (economy) Chapter 1#2: Agriculture/land reforms

NCERT (economy) class11 Chapter #2:

1. Planning topic ==>Ramesh 4 and 5

2. Land reforms topic => India Yearbook for schemes (rural development).

1. To prepare land reforms for Mains, go through

1. Mrunal.org/polity

2. Bipin Chandra: India Since Independence(ch.29 to 31)

3. Green revolution

0.NCERT geography books for more on Indian agriculture, cropping patterns,

soil types.

1. India Yearbook 2014: MSP, NAFED etc from agriculture chapter

2. Ramesh Singh Ch.8.

3. Mains: Food processing- Ive written whole article series [Food

processing], links given above.

4. Mains:Bipin Chandra: India Since Independencech33

+ Maintain notes from Yojana, newspapers, PIB etc. for issues related to

land reforms, subsidies, rural development and planning.

#3: Rural development

NCERT class11: Ch.6 Rural development

Rural banking=>RRB, financial inclusion (Mrunals articles)

Agri.marketing=> Food processing (Mains) (Mrunals articles)

Organic farming & its benefits.

Eco.Survey ch8 (agri. Food Management)

IYB chapter (Agri, rural urban Development)

#4: Industrial development

NCERT (economy) class11

Chapter 2: Industrial policy resolution, Import substitution, Permission

raj
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Chapter 3:LPG

Ramesh Singh

Ch.6 (Economic Reforms)

Ch7 Inflation. (+newspaper)

ch9 (Indian industry and infra.) licensing, policy, disinvestment

Budget + Economic survey + IYB

Mains: Bipin PI Ch.25-28

#5: Infrastructure

1.NCERT class11: Ch.7 infrastructure

1. Energy=> renewable/non sources (GSM1); infra. (GSM3). For geography

angle, refer to Majid Hussian or DR Khullar.

2. Health infra.=> MDG, Public health, Schemes (GSM2 social sector

schemes)- given onMrunal.org/snt

2. Ramesh Ch 9 and ch.22

3. Economic Survey ch. 9, 10 and 11

For Mains: 12thFYP plans points/recommendations for infrastructure.#6: Poverty, Human resources

NCERT class11:

1. Ch4 Poverty: poverty line, Causes of poverty

2. Ch5 human capital formation

3. Ch7 Employment

Prelim cum mains (GS1 and GS3)

0. Ramesh: ch.21 Demographic dividend, Ch. 22 human development

1. Eco. Survey ch.2 and ch.132. Census 2011, skill Development (Yoj/Kur/12th FYP/Schemes)

#6: Sustainable development / Desi liquor

1.NCERT class11: 9

1. Carrying capacity, ozone depletion etc. basic

2. for biodiversity /environment angle: additionally prepare NCERT

sci/geography, NIOS

2. Ramesh Ch.20


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3. RIO+20 (Mrunal.org/enb) This summit is old topic but gives decent fodder

points for essay/interview.

4. Economic Survey ch. 12

Once this is done, you may go through remaining chapters of

NCERT/Ramesh as per your time/mood.

how to prepare economy fr upsc

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