You are on page 1of 5

Indian Economic Service Indian Statistical Service - IES Exam Syllabus 2008

(General Economics)

(E) Scheme of Examination
Part-I :Candidates are required to appear in the following papers of
conventional type papers.
(i) For Indian Economic Service
(a) General English

100 Marks

(b) General Studies

100 Marks

(c) General Economics-I

200 Marks

(d) General Economics-II

200 Marks

(e) General Economics-III

200 Marks

(f) General Economics

200 Marks

(ii) For Indian Statistical Service
(a) General English

100 Marks

(b) General Studies

100 Marks

(c) Statistics-I

200 Marks

(d) Statistics-II

200 Marks

(e) Statistics-III

200 Marks
(f) Statistics-IV
200 Marks

Part II : Interview for Personality Test

200 Marks

Standard and Syllabi for IES/ISS Exam 2008
The standard of papers in General English and General Studies will be such as may
be expected of a graduate of an Indian University.
The standard of papers in the other subjects will be that of the Master's degree
examination of an Indian University in the relevant disciplines. The candidates will be
expected to illustrate theory by facts, and to analyse problems with the help of
theory.
They will be expected to be particularly conversant with Indian problems in the field
of Economic/Statistics.

General Economics-II . monopoly.Partial equilibrium versus general equilibrium approach .the Classicial and neo-classical approaches . Mathematical Methods in Economics: Derivatives . Other questions will be designed to test their understanding of English and workmanlike use of words. Welfare Economics . 2.socio-economic indicators approach: PQLI and H.revealed Preference approach.Demand-Pull versus Cost-Push Inflation . Theory of Value: Pricing under various forms of market organisation like perfect competition.Keynesian theory of Employment .pricing of factors under imperfect competition. 8. Passages will usually be set for summary or precis.Post-Keynesian developments . Pareto optimality. General Studies General Knowledge including knowledge of current events and of such matters of every day observation and experience in their scientific aspects as may be expected of an educated person who has not made a special study of any scientific subject.forms of Production Function: Cobb-Douglas. 5.Laws of returns .Matrices and their applications in Economics.inter-personal comparison and aggregation problem. The paper will also include questions on Indian Polity including the political system and the Constitution of India. 4. Kaldor-Neo-classical approach: Marginal productivity theory of determination of factor prices . Measuring Economic Welfare . Theory of Consumer's Demand: Cardinal Utility analysis.General English Candidates will be required to write an essay in English. Concept of national income and social accounting . compensation principle. 3. Public Utility Pricing: Marginal cost pricing.Production Functions .Equilibrium of the firm and the Industry. CES and Fixed Co-efficient type . Kalecki. Input-Output model (concept). the Slutsky theorem .D. Peak load pricing. Social choice and other recent schools.Inter-relationship between three measures of national income in the presence of the Government sector and international transactions. History of India and Geography of a nature which the candidate should be able to answer without special study. monopolistic competition and oligopoly. Indifference Curve analysis . Output and Inflation . General Economics-I 1.Returns to scale and returns to a factor .the Phillip's Curve and its policy implications. Theory of Employment. Index. 6.basic rules of differentiation and its applications to economic functions. Linear Programming and its applications. divergence between social and private welfare.the Inflationary gap . Theory of Production .factor shares and the 'adding up' problem .Income and Substitution Effects. Marx.Optimisation (concept) .measurement of national income .Factors of Production .Euler's theorem . 7. including Coase and Sen. Theory of Distribution: Macro-distribution theories of Ricardo.

Nurkse. principal component analysis.log-normal distrubution measurement of income inequality . Convention on Biodiversity. debt management. Statistical and Econometric methods: averages. informal sector. global warming.Theories of growth: Classicial Approach: Adam Smith. testing of hypotheses. Import and Exchange Controls and Multiple Exchange Rates. Balance of Payments: Disequilibrium in Balance of Payments. Hirschman. Concept of economic growth and development and their measurement Characteristics of less developed countries (LDCs) and obstacles to their development .air.Banking and insurance. urban poverty. Mechanism of Adjustments.theories of taxation and expenditure . externalities. 3. ANOVA. correlation and regression. International Economics: Gains from International Trade.objectives and effects of public expenditure effects and incidence of taxation . Leibenstein and Arthur Lewis. gilt market. Use of project appraisal methods in India. trade policy.Lorenz Curve and Gini co-efficient. simple non-parametric tests. 5. 6. Kaldor and Harrod-Domar . Stockholm and Rio Earth summit reports. 2. Project Appraisal: Criteria for project choices: Internal rate of return. other multivariate analysis (only concepts and interpretation of results). biological wealth and its depletion or accretion as a part of GDP estimates and sustainable development. urban labour market.theory of public debt.social rate of discount . .Lewis. index numbers. Montreal Protocol on CFC. Global Institutions: UN agencies.the money multiplier. economic implication of various types of environmental degradation . public goods. 4. water pollution and exhaustion of non-renewable resources. terms of trade. Founex report. drawing of curves based on various linear and non-linear functions. World Bank. resource accounting. poverty and income distribution . dispersions. international trade and economic development . Heckscher-Ohlin and StolperSamuelson . factor analysis. Todaro. Exchange Rates.Neo-classical Approach: Robinson.Theories of Economic Development: Rostow.Theory of Tariffs . General Economics-III 1. Urbanisation and migration . 4.the instruments of monetary control . 2. 5. net present value and benefit-costs ratio . Environmental Economics: Club of Rome.1. taxes. remedies : regulations.the neutrality of money . Marx and Schumpeter .limitations of fiscal policy . 3. complementarity of monetary and fiscal policy with debt. Income distributions: Pareto Law of distribution .stock market. Money and Banking: its functions and value-quantity Theory of Money: Cash Transaction Approach and the Cash Balances Approach. Rosenstein-Rodan. unskilled labour and foreign exchange. Amin and Frank (Dependency school). IMF and WTO.shadow prices of capital. Friedman's Restatement of the Quantity Theory of Money . Multinational Corporations. Fiscal policy and its objectives . foreign exchange market . least square methods.growth. Financial and Capital Markets: finance and economic development -financial markets . noise.deficit financing .Theories of International Trade: Ricardo.Regional Trade Arrangements. time series. sampling and survey methods. Solow. market based solutions such as privatisation and pollution permits. respective role of the State and the market. Foreign Trade Multiplier. discriminant analysis. Haberler.

Industrial Policy Reform.rationale of planning in a developing economy . unemployment and under-employment . 2. commercial banks. Market and Planning: concept and types of planning . financal aspect fo Sarkaria Commission Report. Reservation Policy relating to small scale industries. 7. direction and organisation of trade: recent changes in trade policy. Indian Economics 1. Balwantrai Mehta Committee. budgetary deficits.India's human development record in global perspective.limitations of planning. (a) Decentralised Planning: Panchayat experience-constitutional obligations. pension funds.bank. 9. Labour: Employment. commercialisation and diversification.strategies for employment generation . 8. foreign banks and non-banking financial institutions. modern farm inputs and marketing . debt and fiscal reforms. Public sector reform. decentralised planning. Finance Commissions and their formulae for sharing taxes.changing roles of the Reserve Bank of India. (b) Union-State financial relations: Constitutional provisions relating to fiscal and financial powers of the states. exchange rate and WTO requirements. the process of growth of urban settlements: urban strategies. Agriculture and Rural Development: Strategies including those relating to technologies and institutions: land relations and land reforms. 10. economics of regulations. consequences and remedies . privatisation and disinvestment.g. financial aspects of 73rd and 74th constitutional amendments. Industry: Strategy of industrial development . Ashok Mehta Committee and other reports.Urban labour market and informal sector employment. Budgeting and Fiscal Policy: Tax. 6. History of development and planning . share market. 5.6.Different types of migratory flows and their impact on the economies of their origin and destination. Foreign trade: Salient features of India's foreign trade . Unemployment and Human Development during plan period Appraisal of Government measures . report of National Commission on labour. development finance institutions. Child labour.definition. expenditure. Social issues relating to labour e. Balance of payments. Poverty. State. Sources of industrial finances .industrial relations and labour welfare .composition. rural credit. role of foreign capital for direct investment and portfolio investment. insurance companies. nonbanking sources and foreign direct investment. 4. India's experience with Urbanisation and Migration .alternative development strategies goal of self reliance based on import substitution and the post-1991 globalisation strategies based on stabilisation and structural adjustment packages. Money and Banking: Organisation of India's money market . genesis. Bonded labour. Rural development programmes including poverty alleviation programmes: development of economic and social infrastructure. 3. Black money and Parallel economy in India . estimates.price policy and subsidies. tariff policy.