UPSC Notification For Civil Services Exam 2024 - AdvancedMicroEconomics:
Article Index
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1. AdvancedMicroEconomics:
ECONOMICSPAPER—I
- AlternativeDistributionTheories : Ricardo,Kaldor,Kalecki.
- MarketsStructure:MonopolisticCompetition,Duopoly,Oligopoly.
- Modern Welfare Criteria : Pareto Hicks and Scitovsky, Arrow’s Impossibility Theorem, A. K. Sen’sSocialWelfareFunction.
2. AdvanceMacroEconomics:
Approaches to Employment Income and Interest Rate determination : Classical, Keynes (IS-LM)curve,Neo-classicalsynthesisandNewclassical,TheoriesofInterestRatedeterminationandInterestRateStructure.
3. Money-BankingandFinance:
- Demand for and Supply of Money : Money Multiplier Quantity Theory of Money (Fisher, Pigou andFriedman)andKeynes’TheoryonDemandforMoney,GoalsandInstrumentsofMonetaryManagement in Closed and Open Economies. Relation between the Central Bank and the Treasury.Proposalforceilingongrowthrateofmoney.
- PublicFinanceanditsRoleinmarketeconomy:instabilizationofsupply,allocationofresource andindistributionanddevelopment.SourcesofGovernmentrevenue,formsofTaxesandSubsidies,their incidence and effects.Limits to taxation, loans, crowding-out effects and limits to borrowings.Publicexpenditureanditseffects.
4. InternationalEconomics:
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- Comparativeadvantage,
- Formsofprotection:Tariffandquota.
- Balance ofPaymentsAdjustments :AlternativeApproaches.
- Priceversusincome,incomeadjustmentsunderfixedexchangerates.
- FloatingRatesandtheirimplicationsfordevelopingCountries:CurrencyBoards.
- BOP,adjustmentsandPolicyCoordinationinopeneconomymacro-model.
- WTO:Trims,TRIPS,DomesticMeasures,DifferentRoundsofWTOtalks.
5. GrowthandDevelopment:
- (i)Theoriesofgrowth:Harrod’smodel;
- ProcessofEconomicDevelopmentoflessdevelopedcountries:MyrdalandKuznetsoneconomicdevelopment and structural change: Role of Agriculture in Economic Development of less developedcountries.
- EconomicDevelopmentandInternationalTradeandInvestment,RoleofMultinationals.
- PlanningandeconomicDevelopment:changingroleofMarketsandPlanning,Private-PublicPartnership.
- Welfareindicatorsandmeasuresofgrowth—Humandevelopmentindices.The basic needsapproach.
- DevelopmentandEnvironmentalSustainability—RenewableandNonRenewableResources,EnvironmentalDegradation,Intergenerationalequitydevelopment.