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MPSC Main - Economics Syllabus

Paper I

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

Note:	1)	Answers to this paper must be written in English only.
	2)	This paper will test the candidate's ability to comprehend, to analyse, to criticise subject matter related to the topics/sub topics mentioned below.
	3)	It is expected from candidates to study the latest and recent developments and happenings pertaining to the topics/sub topics mentioned below.

Section - A( Marks 50 )
1)	Micro - Economics :
	.01)	Marshallian and Hicksian approaches ofdemand analysis.
	.02)	Production function - law of variableproportion - economies of scale.
	.03)	Traditional and modern theories ofcosts; empirical evidences. - price determination in perfect competition,monopoly and monopolistic competition.
	.04)	Theories ofdistribution : rent, wages, interest and profit.
	.05)	Classical and modern welfare economics -social welfare function - compensation principle - problems in measuringwelfare.
	.06)	Measures of centraltendency : mean, mode and median- standard deviation -correlation.
Section - B( Marks 50 )
2)	Macro Economics :
	.01)	Methods of national income accounting.
	.02)	Functions of money - base money -high-power money - quantity theory of money - money multiplier.
	.03)	Monetary andnon-monetary theories of inflation - control of inflation: monetary, fiscal and direct measures.
	.04)	Say’s law of market - Keynesian theoryof employment - investment multiplier - marginal efficiency of capital.
	.05)	Theories of businesscycle : Hicks, Kaldor and Samuelson
	.06)	IS-LM Model -Mundell - Fleming model.
Section - C( Marks 50 )
3)	Public Finance and Financial Institutions :
	.01)	Role of public finance in market economy- Criteria for public investment
	.02)	Merit goods and public goods-sources ofrevenue and expenditure (Centre and State) - forms of taxes and subsidies and their incidence and effects.
	.03)	Zero-base budgeting - types of budgetdeficits - internal and external borrowings.
	.04)	Financial markets : money market, capital market, discounting house - financialinstruments.
	.05)	Central banking - functions and creditcontrol measures.
	.06)	Financial sector reforms - new trends inbanking - real and nominal interest rates - repoand reverse repo transactions.
Section - D( Marks 50 )
4)	Growth, Development and International Economics :
	.01)	Indicators of development - sustainabledevelopment - development and environment - Green GDP.
	.02)	Classical theories of development -contributions of Adam Smith, Ricardo, Malthus and Karl Marx - Neo-classicalgrowth theories - Solow, Meade, Mrs. Joan Robinson.
	.03)	Factors of economicdevelopment : natural resource, population, humancapital, infrastructure - theory of demographic transition- Human developmentindex - human poverty index - gender empowerment measure
	.04)	Role of foreign capital and technologyin growth - multi-national corporations.
	.05)	International trade as an engine ofgrowth - theories of international trade : Ricardo,Heberler, Heckscher-Ohlin.
	.06)	IMF-IBRD-WTO - Regional Trade Agreements- SAARC - ASEAN.

Paper II

Standard : Degree (B.E.)	Total Marks : 200
Nature of Paper : Conventional Type	Duration : 3 Hours

Note:	1)	Answers to this paper must be written in English only.
	2)	This paper will test the candidate's ability to comprehend, to analyse, to criticise subject matter related to the topics/sub topics mentioned below.
	3)	It is expected from candidates to study the latest and recent developments and happenings pertaining to the topics/sub topics mentioned below.

Section - A( Marks 50 )
1)	Indian Economy (General Issues) :
	.01)	Evolution of Indian economy tillindependence - colonial economics - drain of wealth controversy - SwadeshiMovement - Gandhi and Hind Swaraj.
	.02)	Contributions of C.N. Vakil, M.G.Ranade, D.R.Gadgil, B.R.Ambedkar and Amartya Sen to Indian economics.
	.03)	Measurement and estimate of poverty -poverty eradication measures - fertility, nuptiality, mortality and morbidityin India - gender empowerment policies.
	.04)	Factors determining employment -measures of unemployment - relation between income, poverty and employment -issues of distributional and social justice.
	.05)	Economy of Maharashtra : salient features of agriculture, industry and service sectors -drought management in Maharashtra - FDI in Maharashtra.
	.06)	Review, reforms and prospects ofcooperative movement in Maharashtra - Alternative policy initiatives in agricultural marketing-Employment Guarantee Scheme.
Section - B( Marks 50 )
2)	Indian Agriculture, Rural Development and Cooperation :
	.01)	Role of agriculture in economicdevelopment - interrelationship between agriculture, industry and servicessectors - contract farming - precision farming - corporate farming - organicfarming.
	.02)	Size of land holding and productivity -Green Revolution and technological change - agricultural prices and terms oftrade - farm subsidies - Public Distribution System - food security.
	.03)	Regional disparities in agriculturalgrowth in India - agri-business and global marketing - agricultural credit in India.
	.04)	Sources of irrigation and watermanagement - live-stock resource and their productivity - White Revolution,fisheries, poultry, forestry, horticulture and floriculture development inIndia and Maharashtra.
	.05)	Strategies of rural development duringthe plan period - rural infrastructure (social and economic)
	.06)	W.T.O. and agriculture - Farmer’s andBreeder’s Rights - biodiversity - GM technology.
Section - C( Marks 50 )
3)	Indian Industry, Infrastructure and Services Sector :
	.01)	Trends, composition and growth ofindustries, infrastructure and services sector in India - role of public, private and cooperative sectors in India - small and cottage industries.
	.02)	Liberalisation and its effects on Indianindustries - industrial sickness.
	.03)	Strategies of industrial growth, agroindustries and industrial finance in India and Maharashtra.
	.04)	Monetary institutions in India - factors determining demand for and supply of money-Information Technology application infinance and commerce.
	.05)	Modes of transport : rail, road, water and air transport in India.
	.06)	Child labour in India - child and women development measures in India - economic status of women and its impact on work participationrate.
Section - D( Marks 50 )
4)	Indian Planning, Foreign Trade and Public Finance :
	.01)	Objectives, strategies, achievements andfailures of Indian planning.
	.02)	Relation between market and planstrategies for growth - social justice and Plans - capital output ratio.
	.03)	Role of Planning Commission and NDC -State Planning Boards - Statutory Development Boards in Maharashtra.
	.04)	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 ofliberalisation on India’s foreign trade.
	.05)	Finances of Panchayat Raj Institutionsin Maharashtra - role of decentralised and micro-level planning in India.
	.06)	Merits and demerits of value-added-tax -ways and means advances to the states. - fiscal crisis and management.