Syllabus : Syllabus
for Indian Economic Services (General Economics-II)
1. Concept of economic growth and development and their measurement -
Characteristics of less developed countries (LDCs) and obstacles to their
development - growth, poverty and income distribution - Theories of growth:
Classicial Approach: Adam Smith, Marx and Schumpeter - Neo-classical Approach:
Robinson, Solow, Kaldor and Harrod-Domar - Theories of Economic Development:
Rostow, Rosenstein-Rodan, Nurkse, Hirschman, Leibenstein and Arthur Lewis, Amin
and Frank (Dependency school); respective role of the State and the market.
2. International Economics: Gains from International Trade, terms of
trade, trade policy, international trade and economic development - Theories of
International Trade: Ricardo, Haberler, Heckscher-Ohlin and Stolper-Samuelson -
Theory of Tariffs - Regional Trade Arrangements.
3. Balance of Payments: Disequilibrium in Balance of Payments,
Mechanism of Adjustments, Foreign Trade Multiplier, Exchange Rates, Import and
Exchange Controls and Multiple Exchange Rates. 4. Global Institutions: UN
agencies; World Bank, IMF and WTO, Multinational Corporations.
5. Money and Banking: its functions and value-quantity Theory of
Money: Cash Transaction Approach and the Cash Balances Approach, Friedman's
Restatement of the Quantity Theory of Money - the instruments of monetary
control - the neutrality of money - the money multiplier.
6. Statistical and Econometric methods: averages, dispersions,
correlation and regression, time series, index numbers, sampling and survey
methods, testing of hypotheses, simple non-parametric tests, drawing of curves
based on various linear and non-linear functions; least square methods, other
multivariate analysis (only concepts and interpretation of results); ANOVA,
factor analysis, principal component analysis, discriminant analysis. Income
distributions: Pareto Law of distribution - log-normal distrubution -
measurement of income inequality - Lorenz Curve and Gini co-efficient.
Other Syllabus For IES : -