Economics (Optional) Notes & Mind Maps - IAS EXPRESS

Home » Courses » Economics (Optional) Notes & Mind Maps

COURSE DESCRIPTION

The “Economics (Optional) Note & Mind Maps” course offers a structured and comprehensive approach to mastering Economics for the UPSC exam. It provides detailed notes covering the entire syllabus, including key areas like Microeconomics, Macroeconomics, International Economics, Public Finance, and the Indian Economy. These notes simplify complex economic theories and concepts, ensuring a clear understanding and aiding in efficient preparation.

A unique feature of this course is the inclusion of comprehensive mind maps. Mind maps serve as visual aids, offering a holistic overview of each topic, which is invaluable for quick revision while also linking static knowledge with current economic developments to provide a well-rounded understanding.

Ideal for UPSC aspirants who have chosen Economics as their optional subject, this course is designed to be both thorough and exam-oriented. It emphasizes important topics, integrates current affairs, and includes practice questions to develop strong answer-writing techniques. This course is the perfect resource for those seeking a concise yet complete guide to excel in the Economics optional paper.

Currently, the syllabus is 35% complete. By purchasing this course now, you gain lifetime access to all current and future content, including updates and new modules as they are released. This lifetime access ensures that you have a valuable resource at your fingertips for continuous learning and revision, even as new topics are added and the syllabus is completed.

Course Content

Expand All

PAPER I

1. Advanced Micro Economics 4 Submodules Sample Module

Expand

Module Content

0% Complete 0/4 Steps

1.1 Marshallian and Walrasian Approach to Price determination

1.2 Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki

1.3 Markets Structure: Monopolistic Competition, Duopoly, Oligopoly

1.4 Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow’s Impossibility Theorem, A.K. Sen’s Social Welfare Function

2. Advanced Macro Economics 3 Submodules

Expand

Module Content

0% Complete 0/3 Steps

2.0 Approaches 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

2.1 Classical Approach to Employment, Income and Interest Rate determination

2.2 Keynes (IS-LM) curve Approach to Employment Income and Interest Rate determination

3. Money – Banking and Finance 11 Submodules

Expand

Module Content

0% Complete 0/11 Steps

3.1.1 Money Multiplier | Demand for and Supply of Money

3.1.2 Quantity Theory of Money (Fisher, Pique, and Friedman) | Demand for and Supply of Money

3.1.3 Keyne’s Theory on Demand for Money | Demand for and Supply of Money

3.2.1 Goals and Instruments in Closed and Open Economies | Monetary Management

3.2.2 Relationship between the Central Bank and Treasury | Monetary Management

3.2.3 Proposal for the ceiling on the growth rate of money | Monetary Management

3.2.4 Role of the Central Bank in managing money supply and policy | Monetary Management

3.3.1 Stabilization of Supply, Resource Allocation, and Distribution | Public Finance and its Role in Market Economy

3.3.2 Sources of Government Revenue, forms of Taxes and Subsidies, their incidence and effects

3.3.3 Limits to taxation, loans, crowding-out effects, and limits to borrowings

3.3.4 Public Expenditure and its effects | Public Finance and its Role in Market Economy

4. International Economics 21 Submodules

Expand

Module Content

0% Complete 0/21 Steps

4.1 Old and New Theories of International Trade

4.1.1 Comparative Advantage | International Trade Theories

4.1.2 Terms of Trade and Offer Curve | International Trade Theories

4.1.3 Product Cycle and Strategic Trade Theories | International Trade Theories

4.1.4 Trade as an Engine of Growth | International Trade Theories

4.1.5 Development Theories in an Open Economy | International Trade Theories

4.2 Forms of Protection: Tariff and quota

4.3.1 Price vs. Income Adjustments under Fixed Exchange Rates | Balance of Payments (BOP) Adjustments

4.3.2 Theories of Policy Mix | Balance of Payments (BOP) Adjustments

4.3.3 Exchange Rate Adjustments under Capital Mobility | Balance of Payments (BOP) Adjustments

4.3.4 Floating Exchange Rates and Their Implications for Developing Countries | Balance of Payments (BOP) Adjustments

4.3.5 Trade Policy and Developing Countries | Balance of Payments (BOP) Adjustments

4.3.6 BOP Adjustments and Policy Coordination in Open Economy Macro-Models | Balance of Payments (BOP) Adjustments

4.3.7 Speculative Attacks | Balance of Payments (BOP) Adjustments

4.4.1 Trade Blocks

4.4.2 Monetary Unions

4.5 World Trade Organization (WTO)

4.5.1 TRIMS (Trade-Related Investment Measures) | World Trade Organization (WTO)

4.5.2 TRIPS (Trade-Related Aspects of Intellectual Property Rights) | World Trade Organization (WTO)

4.5.3 Domestic Measures | World Trade Organization (WTO)

4.5.4 Different Rounds of WTO Talks | World Trade Organization (WTO)

5. Growth and Development 17 Submodules

Expand

Module Content

0% Complete 0/17 Steps

5.1.1 Harrod’s Growth Model | Theories of Economic Growth

5.1.2 Lewis Model of Development with Surplus Labor | Theories of Economic Growth

5.1.3 Balanced and Unbalanced Growth | Theories of Economic Growth

5.1.4 Human Capital and Economic Growth | Theories of Economic Growth

5.1.5 Research and Development (R&D) and Economic Growth | Theories of Economic Growth

5.2.1 Myrdal and Kuznets on Economic Development and Structural Change | Economic Development of Less Developed Countries

5.2.2 Role of Agriculture in Economic Development of Less Developed Countries

5.3.1 Role of International Trade and Investment in Economic Development

5.3.2 Role of Multinational Corporations (MNCs)

5.4.1 Changing Role of Markets and Planning | Planning and Economic Development

5.4.2 Private-Public Partnerships (PPP) | Planning and Economic Development

5.5.1 Welfare Indicators and Measures of Growth | Welfare and Growth Indicators

5.5.2 Human Development Indices (HDI) | Welfare and Growth Indicators

5.5.3 Basic Needs Approach | Welfare and Growth Indicators

5.6.1 Renewable and Non-Renewable Resources | Development and Environmental Sustainability

5.6.2 Environmental Degradation | Development and Environmental Sustainability

5.6.3 Intergenerational Equity in Development | Development and Environmental Sustainability

PAPER II

1. Indian Economy in Pre-Independence Era 8 Submodules

Expand

Module Content

0% Complete 0/8 Steps

1.1 Land System and its changes

1.2 Commercialization of agriculture

1.3 Drain theory

1.4 Laissez-faire theory, and critique

1.5 Manufacture and Transport: Jute

1.6 Manufacture and Transport: Cotton

1.7 Development of Railways

1.8 Money, and Credit

2. Indian Economy after Independence 36 Submodules

Expand

Module Content

0% Complete 0/36 Steps

2.1 Contribution of Vakil, Gadgil, and V.K.R.V. Rao | The Pre Liberalization Era

2.2 Land Reforms and land tenure system | The Pre Liberalization Era

2.3 Green Revolution | The Pre Liberalization Era

2.4 Capital formation in agriculture | The Pre Liberalization Era

2.5 Industry Trends in composition and growth | The Pre Liberalization Era

2.6 Role of the public and private sector | The Pre Liberalization Era

2.7 Small scale, and cottage industries | The Pre Liberalization Era

2.8 National and Per capita income: patterns, trends | The Pre Liberalization Era

2.9 National and Per capita income: Aggregate, and Sectoral composition | The Pre Liberalization Era

2.10 National and Per capita income: Changes in income distribution | The Pre Liberalization Era

2.11 Factors determining national income and distribution | The Pre Liberalization Era

2.12 Measures of poverty | The Pre Liberalization Era

2.13 Trends in poverty and inequality | The Pre Liberalization Era

2.14 Agriculture and WTO | The Post Liberalization Era

2.15 Food processing | The Post Liberalization Era

2.16 Subsidies in agriculture | The Post Liberalization Era

2.17 Agricultural prices and public distribution system | The Post Liberalization Era

2.18 Impact of public expenditure on agricultural growth | The Post Liberalization Era

2.19 New Economic Policy and Industry: Strategy of industrialization | The Post Liberalization Era

2.20 New Economic Policy and Industry: Privatization and disinvestment | The Post Liberalization Era

2.21 New Economic Policy and Industry: Role of foreign direct investment (FDI) and multinationals | The Post Liberalization Era

2.22 New Economic Policy and Trade: Intellectual property rights & Implications of TRIPS, TRIMS, GATS | The Post Liberalization Era

2.23 New Economic Policy and Trade: New EXIM policy | The Post Liberalization Era

2.24 New Exchange Rate Regime: Partial and full convertibility | The Post Liberalization Era

2.25 New Exchange Rate Regime: Capital account convertibility | The Post Liberalization Era

2.26 New Economic Policy and Public Finance: Fiscal Responsibility Act | The Post Liberalization Era

2.27 New Economic Policy and Public Finance: Twelfth Finance Commission | The Post Liberalization Era

2.28 New Economic Policy and Public Finance: Fiscal Federalism and Fiscal Consolidation | The Post Liberalization Era

2.29 New Economic Policy and Monetary system. Role of RBI under the new regime | The Post Liberalization Era

2.30 Planning: From central Planning to indicative planning | The Post Liberalization Era

2.31 Planning: Relationship between planning and market-driven growth | The Post Liberalization Era

2.32 Planning: Decentralized planning. 73rd and 74th Constitutional amendments | The Post Liberalization Era

2.33 New Economic Policy and Employment: Employment and poverty | The Post Liberalization Era

2.34 New Economic Policy and Employment: Rural wages and employment generation | The Post Liberalization Era

2.35 New Economic Policy and Employment: Poverty alleviation schemes | The Post Liberalization Era

2.36 New Economic Policy and Employment: New Rural Employment Guarantee Scheme | The Post Liberalization Era

5 2 votes

Rating

Subscribe

2 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments

Santhosh

Admin

3 months ago

Rating :

Dear students! Economics optional course is 35% completed. Please open the samples & provide feedback so that we can improve the content further.

1

Reply

PROF ARIFA JAVED SHAIKH

1 month ago

Rating :

Thank you very much for these note this will save our time.

0

Reply

X