Madhya-Pradesh P.S.C. Examination : MPPSC Mains Economics Syllabus

Madhya-Pradesh P.S.C. Examination

MPPSC Mains Syllabus

MPPSC Mains Economics Syllabus

Economics ( Code No. 13 ) Paper- I

• Economic activities and circular flow of income, nature of Micro and Macro economics. Basic problems of the economy, concept and measurement of National Income.
• Consumer behavior - Law of demand, Elasticity of demand, Utility analysis and indifference curves technique.
• Producer's behavior - Production function, Laws of Returns. Returns of Scale. Cost curves.
• Price Theory - Price determination under different market conditions, pricing of factors of production. Keynesian Theory of employment and model of income determination.
• Banking - Objectives and instruments of credit control.Monetary and credit policies in a planned developing economy.
• Types and principles of taxation, Principles of public expenditure, Objectives and instruments of Fiscal Policy, Center - state financial relations.
• International Trade - Theories of International Trade, Trade Liberalization and W.T.O. , Role of foreign capital in economic development, determination of exchange rates, balance of payments.
• International Monetary Institutions - I.B.R.D., I.M.F. and Asian Development Bank.
• Environmental implications of development - Renewable and non renewable resources, Pollution - land, water, air and deforestation. 

Economics( Code No. 13 ) PAPER - II Indian Economy

• Basic charatistics of Indian economy. Human and natural resources, Structure of Indian Economy and composition of India's National Income, problems of urban and rural economy.
• Agricultural Development - Agricultural Policy, land reforms, green revolution and its aftermath, programmes of rural development.
• Industrial Development- Industrial policy, public & private sector- privatization of public sector. Problems of Industrial development in India. Policies of infrastructure development in India.
• Economic Reforms & social justice in India, Regulation of capital market, foreign currency market and foreign investment.
• Fiscal and monetary policy in India - objectives and recent budgetary trends, Reserve Bank of India and monetary policy. Financial sector reforms and Banking.
• Recent trends in India's foreign trade and balance of payments. Currency convertibility on current and capital account. Impact of W.T.O. on Indian Economy.
• Indian Planning - objectives &  strategies, achievements and failures of Indian Planning, Problems of Indian planning.
• Study of Madhya Pradesh Economy - Natural resources, Human resources, Possibilities & Problems of Agricultural and Industrial development, State domestic product, Resource mobilization.