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13th December 2014, 08:35 AM
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Join Date: Apr 2013
Re: Indian Economic Service exam preparation tips

The Union Public Service Commission (UPSC) recruits Grade IV officers every year, for Indian Economic Service (IES). Indian Economic service examination is generally conducted in the month of November or December.

IES exam tips-

Dedication and determination is very important for the success path of IES Exam.
One should be well updated with current affairs, both at the national and at the international levels.
Presentation of answers should be exact, systematic and analytical.
Solve previous years’ question papers and try formulating them correctly and precisely.
All subjects need to be focused with thorough revision.
You need to understand your strengths and weaknesses for any test preparation

Here I am providing you exam pattern and syllabus.

Examination pattern

The exam will be conducted on the under-mentioned pattern.
Written examination includes the following papers:
1. General English (100 marks in 3 hours)
2. General Knowledge (100 marks in 3 hours)
3. Economics Paper I (200 marks in 3 hours)
4. Economics Paper II (200 marks in 3 hours)
5. Economics Paper III (200 marks in 3 hours)
6. Indian economics (200 marks in 3 hours)

Syllabus for Indian Economic Services examination

To qualify for a competitive exam like IES conducted by the UPSC, being one of the most remunerative services of the public sector, a comprehensive and in-depth planning of preparation has been essential like any other professional competitive exams. Detailed analysis of syllabus for Indian Economic Services examination has been given below.

General English

Dissimilar to the civil services exam in which English language paper is simply for qualifying with the marks obtained not to be considered for merit, it is to be mentioned that marks in General English paper in IES exam is vital to have a good score overall. Thus it is important to have good knowledge in English language. The English paper consists of an essay, precis-writing and descriptive questions to analyze language comprehension, presentation skill and depth of knowledge of the aspirant and 65 and above would be a good score.

General Studies

The paper General Studies pertains to general knowledge including current events and matters related to politics, economics, historic events of importance and scientific aspects just as in the GS paper for civil services exam. Generally, the question paper pattern contains questions limiting to 75 words, 50 words, and 20 words along with one sentence. Questions are normally prepared on Indian Constitution, Indian history, physical, regional and economic geography, general science, national and international affairs, etc., in addition to one or two on planning and challenge that the candidates otherwise make preparation for general economics and Indian economics. A good general knowledge book added to a competitive magazine would be ideal for thorough homework to have an updated knowledge of current affairs in the national and international sphere.

Economics

Out of the remaining four papers on economics, economics paper I on theory consists of Microeconomics and Macroeconomics, the syllabi of which has been almost based on the PG curriculum of the Delhi University and standard books fixed for post-graduate level are mostly suitable for reference.

Economics paper II is to include other allied theories of economics such as International Economics and Welfare Economics with the same syllabus containing aspects of the above PG disciplines of theory taught in any university. The paper comprises some basics of statistics as well. It is advisable not to omit any portion untouched and better to have thorough preparation on all aspects.

Environmental economics containing monetary and fiscal theory, development, challenges in planning have been dealt in Economics paper III. To secure good scores in this third part of economics for IES exam, the candidate should have sufficient knowledge in analysis and presentation skill of latest developments in the field of economics requiring special attention and the best efforts as per the prescribed list of books.

Indian economics, the IV paper relates to Indian economy, thus necessitating knowledge in-depth reliable sources of data on Indian economics. The Economic Survey that has been published annually and Yojana magazine fortnightly by the Publication Division of the Government of India is a good means of up-to-date information on the Indian economy. Added to this, Five Year Plan document also provides latest perception in sector-wise five-year targets and performance of the previous plan and a standard economic-oriented newspaper would offer guidance for preparation to excel in Indian economics. Overall score of the above six theory papers must be 550 or above out of 1000 or more than 55% if the candidate aspires to be called in for interview session.

IES exam books

A list of books for the aspirants suggested by those who had been successful in the Indian economic services as will be stated next.

General Studies

Magazines and general knowledge books are required.

Economics paper I

1. Micro: Koutsoyyiannis, Ahuja or any other good book.
2. Macro: Shapiro, Dornbusch and Fischer, Ahuja.
3. For Mathematical Methods: Class 11th and 12th NCERT Maths book.
4. National Income Accounting: Class 12th book of CBSE-any one.

Economics paper II

1. Monetary: SB Gupta (For both) M L Jhingan and RBI Report.
2. International Economics: Soderston, Mannur or any other book.
3. Growth and Development: M L Jhingan, Meir and Baldwin., read any one or two latest book of Amratya Sen.
4. Statistics: Class 11th and 12th NCERT books along with some chapters of any graduation level statistics book or Gujarati-Econometrics book.

Economics paper III

1. Public Finance: Bhatia and one foreign author book.
2. Indian Economy: Planning chapter of Uma Kapila.
3. Environmental Economics: Any good books-only topic wise coverage.

Indian Economics

1. Indian Economy by Dutt and Sundaram for topics wise coverage of syllabus.
2. Indian Economy: Mishra & Puri.
3. Indian Economy: A. N. Agrawala.
4. Indian Economy: Uma Kapila.
5. Indian Economy: Economic Survey -Last two years.
6. Indian Economy: Budget-3 years (very important).
7. Indian Economy: Latest two Monetary & Credit Policy (mid term and annual) and latest data about CRR, SLR and Repos rate should be known.
8. Different reports like Human Development Report, World Development Reports (available on net) and many other good reports including report and papers by United Nations Environment Program will help in Economics III paper since questions seem to be extremely unconventional.
9. Any good economic newspaper.


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