UPPSC Economics Syllabus


Economics Theory


  1. Consumer Demand and Consumer Sovereignty: Law of Demand, Nature and types of elasticity of de-mand, indifference curve analysis and consumer's equilibrium.

  2. Theory of Production: Production Func-tion, Laws of Returns, Equilibrium of a Producer, Nature of Cost and Revenue curves, Pricing of factors ofprodcution.

  3. Price and output determination: Under different market conditions. Cost plus pricing.

  4. Equilbrium: General and Partial, Stable and Unstable.

  5. Concepts of Economic Welfare: Old and NewWelfare economics, Pareto Optimality and compensation principles, Consumer's surplus. Economics welfareand Competition.

  6. National Income: Concept, Components and methods of accounting. Classical andKeynesian Theories of Employment and Income, Pigou effect and Real balance effect; Intersection of Multi-plier and Accelerator. Theory of Trade Cycles (Monetary and Hicksian trade cycles).

  7. Theory of Money: Measurement of changes in price level, Theory of money supply. Money Multiplier, Quantity theory of Money, Theories of Demand for money. Interest determination, IS-LM curve analysis. Theory of Inflation, Measuresof inflation control.

  8. Monetary and Banking System: Banks and their roles in the economy. Central Bankand the money market, Techniques of monetary Management.


  1. Public Finance: Theories of Taxation and Public Expenditure, Incidence of taxation, evasion and shiftingof Tax burden, Effects of Taxation, Fiscal Policy and economic development, economic classfication ofBudgetary Recepits and Expenditure, Types of budget deficits and their effects on the economy.

  2. Inter-national Economics: Theories of International Trade, Hecksher-Ohlin theory. Offer Terms of Trade, Tradeand Development Balance of Payments, Disequilibrium in Balance of Payments and policies for correcting it. Fixed and fluctuating exchange rates, Free Trade vs. Protection, Foreign Debt and Debt management, Inter-national Monetary and Trade Institutions.

  3. Growth and Development: Measures of Economic develop-ments. Theories of Economic Growth; Classical, Marxian and Harrod-Domar Model, Surplus Labour andcapital formation, stages of growth. Problem of Human Capital formatoin.

Paper-II Indian Economy

  1. Basic Features of Indian Economy: Trends in National Income and per capita income. Changes incomparison of National Income. Population Growth and Economic Development, Characteristics of IndiA'sPopulation. Changes in occupational pattern. Development & Infrastructure for Agriculture and Industry. Source of Energy: Conventional and non-conventional. Energy Crisis, Enviormental pollution and its control.

  2. Indian Agriculture: Importance of agricultrue in Indian economy. Source of growth in agriculture. Institu-tional reforms in Indian agriculture with special reference to land reforms and credit supply. Agricultural costand product pricing.

  3. Industrial growth and Structure in India: Public Sector. Private Corporate SectorJoint Sector. Small Scale and Cottage Industry in India; Industrial Policy resolutions; competition and in-dustrial growth. Foreign Capital Technology and growth of Indian Industry; Industrial sickness in India. Labour policy reforms in India.

  4. Budgetary Trends and Fiscal Policy in India: Trends of major sourcesof public revenue and expenditure of Union Government, and U P Government. Non-Plan expenditure of Union Goverment internal and external debt of the Union Goverment, Fiscal and Revenue deficits in UnionBudget, Major recommendations of the Tenth Finance Commission.

  5. Money and Banking: The Monetaryinstitutions of India. Commercial Banks, Reserve Bank of India, Special Financial Institutions (Banking andnonbanking). Sources of Reserve money, money mulipliers, objective and techniques of monetary policy inIndia and their limitations.

  6. Foreign Trade and Balance of Payment: Foreign Trade of India-volume, composition and direction, Trade Policy-import substitution, export promotion and self reliance. Import liber-alization and its effect on trade balance, External borrowing and the burden of foreign debt. Exchange rateof rupee. Devaluation and its effect on balance of payments-convertiblility of rupee. Integration of Indianeconomic with the world economy, Indian and the World Trade Orgainisation.

  7. Economic Planning in India. Role of economic planning in India. Objectives of Economic Planning, Problems of unemployment, Economic poverty and regional imblances. A brief review of planning in India since 1951. Strategy of plan-ning in India and recent changes therein. Financial resources for the Plans Objectivies and achievements ofthe Eighth Five Year plan and the proposed strategy for the Ninth Plan.