#1
9th September 2015, 04:12 PM
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MPSC Economics Notes
Can you provide me the Notes or Syllabus of Economics of Maharashtra PSC: Economics for State Services (Main) Examination (Optional) as I need it for preparation?
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#2
9th September 2015, 04:32 PM
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Re: MPSC Economics Notes
The Notes or Syllabus of Economics of Maharashtra PSC: Economics for State Services (Main) Examination (Optional) as you need it for preparation is as follows: Section - A ( Marks 50 ) 1) Micro - Economics : 1) Marshallian and Hicksian approaches of demand analysis. 2) Production function - law of variable proportion - economies of scale. 3) Traditional and modern theories of costs; empirical evidences. - price determination in perfect competition, monopoly and monopolistic competition. 4) Theories of distribution : rent, wages, interest and profit. 5) Classical and modern welfare economics - social welfare function - compensation principle - problems in measuring welfare. 6) Measures of central tendency : mean, mode and median- standard deviation - correlation. Section – B ( Marks 50 ) 2) Macro Economics : 1) Methods of national income accounting. 2) Functions of money - base money - high-power money - quantity theory of money - money multiplier. 3)Monetary and non-monetary theories of inflation - control of inflation: monetary, fiscal and direct measures. 4) Say’s law of market - Keynesian theory of employment - investment multiplier - marginal efficiency of capital. 5) Theories of business cycle : Hicks, Kaldor and Samuelson 6) IS-LM Model -Mundell - Fleming model. Section – C ( Marks 50 ) 3) Public Finance and Financial Institutions : 1) Role of public finance in market economy - Criteria for public investment 2) Merit goods and public goods-sources of revenue and expenditure (Centre and State) - forms of taxes and subsidies and their incidence and effects. 3) Zero-base budgeting - types of budget deficits - internal and external borrowings. 4) Financial markets : money market, capital market, discounting house - financial instruments. 5) Central banking - functions and credit control measures. 6) Financial sector reforms - new trends in banking - real and nominal interest rates - repo and reverse repo transactions. Section - D ( Marks 50 ) 4) Growth, Development and International Economics : 1) Indicators of development - sustainable development - development and environment - Green GDP. 2) Classical theories of development – contributions of Adam Smith, Ricardo, Malthus and Karl Marx – Neo-classical growth theories – Solow, Meade, Mrs. Joan Robinson. 3) Factors of economic development : natural resource, population, human capital, infrastructure - theory of demographic transition- Human development index - human poverty index – gender empowerment measure 4) Role of foreign capital and technology in growth - multi-national corporations. 5) International trade as an engine of growth - theories of international trade : Ricardo, Heberler, Heckscher-Ohlin. 6) IMF-IBRD-WTO - Regional Trade Agreements - SAARC - ASEAN. Paper - II Section - A ( Marks 50 ) 1) Indian Economy (General Issues) : 1) Evolution of Indian economy till independence - colonial economics - drain of wealth controversy - Swadeshi Movement - Gandhi and Hind Swaraj. 2) Contributions of C.N. Vakil, M.G. Ranade, D.R.Gadgil, B.R.Ambedkar and Amartya Sen to Indian economics. 3) Measurement and estimate of poverty - poverty eradication measures – fertility, nuptiality, mortality and morbidity in India - gender empowerment policies. 4) Factors determining employment - measures of unemployment - relation between income, poverty and employment - issues of distributional and social justice. 5) Economy of Maharashtra : salient features of agriculture, industry and service sectors - drought management in Maharashtra - FDI in Maharashtra. 6) Review, reforms and prospects of cooperative movement in Maharashtra – Alternative policy initiatives in agricultural marketing- Employment Guarantee Scheme. Section – B ( Marks 50 ) 2) Indian Agriculture, Rural Development and Cooperation : 1) Role of agriculture in economic development - interrelationship between agriculture, industry and services sectors - contract farming - precision farming – corporate farming – organic farming. 2) Size of land holding and productivity - Green Revolution and technological change - agricultural prices and terms of trade - farm subsidies – Public Distribution System - food security. 3) Regional disparities in agricultural growth in India – agri-business and global marketing - agricultural credit in India. 4) Sources of irrigation and water management - live-stock resource and their productivity - White Revolution, fisheries, poultry, forestry, horticulture and floriculture development in India and Maharashtra. 5) Strategies of rural development during the plan period - rural infrastructure (social and economic) 6) W.T.O. and agriculture - Farmer’s and Breeder’s Rights - biodiversity - GM technology. Section – C ( Marks 50 ) 3) Indian Industry, Infrastructure and Services Sector : 1) Trends, composition and growth of industries, infrastructure and services sector in India - role of public, private and cooperative sectors in India - small and cottage industries. 2) Liberalisation and its effects on Indian industries - industrial sickness. 3) Strategies of industrial growth, agro industries and industrial finance in India and Maharashtra. 4) Monetary institutions in India - factors determining demand for and supply of money- Information Technology application in finance and commerce. 5) Modes of transport : rail, road, water and air transport in India. 6) Child labour in India - child and women development measures in India - economic status of women and its impact on work participation rate. Section – D ( Marks 50 ) 4) Indian Planning, Foreign Trade and Public Finance : 1) Objectives, strategies, achievements and failures of Indian planning. 2) Relation between market and plan strategies for growth - social justice and Plans - capital output ratio. 3)Role of Planning Commission and NDC - State Planning Boards - Statutory Development Boards in Maharashtra. 4) Composition and direction of India’s foreign trade - balance of payment - exchange rate – convertibility of rupee - devaluation and its effects on balance of payments - import substitution and export promotion - role of EXIM bank – impact of liberalisation on India’s foreign trade. 5) Finances of Panchayat Raj Institutions in Maharashtra - role of decentralised and micro-level planning in India. 6) Merits and demerits of value-added-tax - ways and means advances to the states. – fiscal crisis and management. |
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