UPSC CSE ECONOMICS OPTIONAL SYLLABUS
ECONOMICS OPTIONAL PAPER - I 1. Advanced Micro Economics : (a) Marshallian and Walrasian Approaches to Price determination. (b) Alternative Distribution Theories : Ricardo, Kaldor, Kalecki. (c) Markets Structure : Monopolistic Competition, Duopoly, Oligopoly. (d) Modern Welfare Criteria : Pareto Hicks and Scitovsky, Arrow’s Impossibility Theorem, A. K. Sen’s Social Welfare Function. 2. Advance Macro Economics : A pproaches to Employment Income and Interest Rate determination : Classical, Keynes (IS-LM) curve, Neo-classical synthesis and New classical, Theories of Interest Rate determination and Interest Rate Structure. 3. Money‐Banking and Finance : (a) Demand for and Supply of Money : Money Multiplier Quantity Theory of Money (Fisher, Pigou and Friedman) and Keynes’ Theory on Demand for Money, Goals and Instruments of Monetary Management in Closed and Open Economies. Relation between the Central Bank and the Treasury. Proposal for ceiling on growth rate of money. (b) Public Finance and …
