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23rd November 2015, 09:37 AM
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Join Date: Apr 2013
Re: MPSC Economy

Here given below is the syllabus of the Maharashtra PSC exam of Economics which you need

Total Marks : 200
Nature of Paper : Conventional Type
Duration : 3 Hours


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
Standard : Degree

Total Marks : 200
Nature of Paper : Conventional Type
Duration : 3 Hours

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.

Last edited by Kiran Chandar; 23rd November 2015 at 09:40 AM.


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