ॐ त्र्यम्बकं यजामहे सुगन्धं पु ष्टिवर्धनम् |

उवाध रुकष्टमव बधनान्मृत्योमुधक्षीय माऽमृतात् ||

UPSC INDIAN ECONOMICS SERVICES

{IES EXAM}
COACHING BY SAMDISH D SHARMA & TEAM
FEATURES: -
 ALL 4 PAPERS OF ECONOMICS
 GENERAL ENGLISH
 GENERAL STUDIES
 CURRENT AFFAIRS COVERAGE
 70+ TEST SERIES INCLUDING FULL COURSE TEST
 INTERVIEW PREPARATION BY ESTEEMED DIGNITARIES
 ONLINE LIVE CLASSES & RECORDED CLASSES

SAMDISH D SHARMA
{ACADEMICIAN, BUDDING ECONOMIST, MEDIA PERSON, YOUTH
SPEAKER, DU ALUMINI, POLITICAL- ELECTION- BUDGET-
ANALYST, POLITICIAN@BJP4 BHARAT}
FOR FURTHER ASSISTANCE CONTACT ON: -
9811042456 {SAMDISH D SHARMA}

SYLLABUS

No part of the site may be reproduced or copied in any form or by any means [graphic, electronic or
mechanical, including photocopying, recording, taping or information retrieval systems] or reproduced
and etc., without the explicit written permission of the SAMDISH D SHARMA Breach of the condition is
liable for legal action.

SAMDISH D SHARMA - 9811042456

 UPSC INDIAN ECONOMICS SERVICES {IES}
2023 EXAMINATION

BASIC DETAILS: -
 TOTAL PAPERS: - 6
 TOTAL MARKS: - 1000
 PAPER 1 {GENERAL ENGLISH} , 100 MARKS
 PAPER 2 {GENERAL STUDIES} , 100 MARKS
 PAPER 3 {GENERAL ECONOMICS -1}, 200 MARKS
 PAPER 4{GENERAL ECONOMICS -2}, 200 MARKS
 PAPER 5 {GENERAL ECONOMICS -3}, 200 MARKS
 PAPER 6 {INDIAN ECONOMICS}, 200 MARKS

EXAMINATION TIME TABLE

• General English: - 9AM To 12 Noon {Morning Shift }

• General Studies: - 2PM to 5 PM {Noon Shift}
DAY 1

• General Economics 1:- 9 AM to 12 Noon {Morning Shift}

• General Economics 2:- 2 PM to 5 PM { Noon Shift}
DAY 2

• General Economics 3:- 9 AM to 12 Noon {Morning Shift }

• Indian Economics: - 2 PM to 5 PM {Noon Shift}
DAY 3

SAMDISH D SHARMA - 9811042456

 DAY 1

BOOKS TO BE REFERRED: PAPER 1 {General English}

100 Marks
PAPER 1(General English) Time: - 9 AM To 12 Noon

 A.P BHARDWAJ, EXAM PATTERN:

COMPULSORY ENGLISH
 151 ESSAY BY S C GUPTA
 ESSAY WRITING
HANDOUTS
 IDIOMS AND PHRASES
BY S.P MALIK
 30 Marks: - Essay Writing
 30 Marks: - Precise Writing
 10 Marks: - Paragraph Writing
 2 Marks each 5 parts =10 Marks: - Make Sentences
by using Idioms
 2 Marks each 5 parts =10 Marks: - Make Sentences
 1 Mark each 10 parts: - Editing Error

PAPER 2(General Studies)

 HISTORY: 4 SUB PARTS
PAPER 2 {General Studies}
{NCERT}
100 Marks
1. ANCIENT
HISTORY Time: - 2 PM to 5 PM
Paper Consist of 4 Parts:
2. MEDIEVAL
HISTORY A. History
3. MODERN B. Indian Polity
HISTORY
C. Indian Geography
4. POST
D. Indian Economy
INDEPENDENCE
HISTORY Exam Pattern:
 INDIAN POLITY {Current
Affairs & NCERT}  5 Questions from History, 5 Marks each = 25 Marks
 INDIAN GEOGRAPHY  5 Questions from Polity, 5 Marks each = 25 Marks
{Current Affairs & Indian  5 Questions from Geography, 5 Marks each = 25
Geography by Arvind Marks
Kumar}
 INDIAN ECONOMICS
 5 Questions from Economy, 5 Marks each = 25
Marks
{Current Affairs & NCERT}

SAMDISH D SHARMA - 9811042456

 DAY 2

GENERAL ECONOMICS PAPER 1

200 MARKS
TIME: 9 AM TO 12 NOON
 PART A: MICROECONOMICS {5 SUB SECTIONS}
 PART B: MATHEMATICAL METHODS FOR ECONOMICS, STATISTICS, ECOTRIX.

SECTION A
BOOKS TO BE REFERRED: {ADVANCED MICROECONOMICS}

FOR MICROECONOMICS: PART1: CONSUMER THEORY:

 H.L. AHUJA
 Cardinal utility analysis
 NICHOLSON SYNDER
{FOR NUMERICALS}  Marginal utility analysis
 Consumer surplus
 HAL VARIAN {FOR
NUMERICALS}  Producer surplus
 IC approach
 MODERN
MICROECONOMICS By A  Price effect and substitution effect
KOUTSOYIANNIS  Slutsky equation
 SCHAUM, OUTLINES BY  Derivation of demand curve
D.SALVATORE {FOR  Revealed preference theory
NUMERICAL}
 Choice under risk and uncertainity
 Simple game of complete info and
Nash equilibrium numericals

PART 2: PRODUCTION THEORY:

 Factors of production and production function

 Forms of Production Functions: Cobb Douglas, CES and Fixedcoefficient type,
Translog production function.
 Laws of return, Returns to scale and Return to factors of production.
Duality and cost function,
 Measures of productive efficiency of firms, technical and allocative
efficiency.
 Partial Equilibrium versus General Equilibrium approach.
 Equilibrium of the firm and industry.

SAMDISH D SHARMA - 9811042456

PART 3: THEORY OF VALUE:

 Pricing under different market structures,

 Public sector pricing,
 Marginal cost pricing,
 Peak load pricing,
 Cross-subsidy free pricing and average cost pricing.
 Marshallian and Walrasian stability analysis.
 Pricing with incomplete information and moral hazard problems

PART 4: THEORY OF DISTRIBUITON:

 Neo classical distribution theories;

 Marginal productivity theory of determination of factor prices,
 Factor shares and adding up problems.
 Euler’s theorem,
 Pricing of factors under imperfect competition,
 Monopoly and bilateral monopoly.
 Macro distribution theories of Ricardo, Marx, Kaldor, Kalecki.

PART 5: WELFARE ECONOMICS

 Inter-personal comparison and aggression problem,
 Public goods and externalities,
 Divergence between social and private welfare,
 Compensation principle.
 Pareto optimality.
 Social choice and other recent schools, including Coase and Sen

SAMDISH D SHARMA - 9811042456


BOOKS TO BE REFFERED:
FOR STATISTICS:
 Business Stats by JK Thukral
 Statistics by S P GUPTA
 Schaum’s Outlines by D
Salvatore
FOR ECOTRIX:
 Schaum’s Outlines by D
Salvatore
 D Gujarati
For Mathematical Methods:
 Mathematics for Economics by
RS Bhardwaj
 Schaum’s Outlines by Edward
Douling
SAMDISH D SHARMA - 9811042456
SECTION B
PART 1:
{MATHEMATICAL METHODS IN ECONOMICS}:
 Differentiation and Integration and
 their application in economics.
 Optimization techniques,
 Sets, Matrices and their application in
 economics.
 Linear algebra
 Linear programming in economics
 Input-output model of Leontief
PART 2:
STATISTICAL METHODS AND ECOTRIX:
 Measures of central tendency and dispersions,
 Correlation and Regression.
 Time series.
 Index numbers.
 Sampling of curves based on various linear and
non-linearfunction.
 Least square methods and other
multivariate analysis (onlyconcepts
and interpretation of results).
 Analysis of Variance, Factor analysis,
Principle componentanalysis,
Discriminant analysis.
 Income distribution: Pareto law of Distribution,
 Lognormal distribution,
 Measurement of income inequality
 Lorenz curve and Gini coefficient.
 Univariate and multivariate regression
analysis.
 Problems and remedies of Heteroscedasticity,
 Autocorrelation and
 Multicollinearity
 GENERAL ECONOMICS PAPER 2:
200 MARKS
TIME: 9 AM TO 12 NOON

PART 1: SCHOOL OF THOUGHT:

BOOKS TO BE REFERRED:
 Mercantilism
 For Macroeconomics: - H L  Physiocrats
Ahuja
 For Growth And Development:
 Classical,
- M.L. Jhinghan  Marxist,

 For Int’l Eco & Balance Of  Neo-classical,

Payment :- D.N. Dwivedi OR  Keynesian and
Salvatore OR krugman
 Monetarist schools of thought
 Global Institutes:- class
handouts
 For Financial Market: -
Mishkin/ LM Bhole

SAMDISH D SHARMA - 9811042456

PART 2: CONCEPT OF NATIONAL INCOME:

 Measurement of National Income,

 Inter relationship between three measures of national income inthe presence of
Government sector and
 International transactions.
 Environmental considerations,
 Green national income.

PART 3: THEORY OF EMPLOMENT OUTPUT, INFLATION AND MONEY ANDFINANCE:

 The Classical theory of Employment and Output and

 Neo classical approaches.
 Equilibrium, analysis under classical and neo classical analysis.
 Keynesian theory of Employment and output.
 Post Keynesian developments.
 The inflationary gap;
 Demand pull versus cost push inflation,
 The Philip’s curve and its policy implication.
 Classical theory of Money,
 Quantity theory of Money.
 Friedman’s restatement of the quantity theory, the neutrality of money. The
supply and demand for loanable funds and equilibrium in financial markets,
 Keynes’ theory on demand for money.
 IS-LM Model and
 AD-AS Model in Keynesian Theory.

PART 4: FINANCIAL AND CAPITAL MARKET:

 Finance and economic development,

 Financial markets,
 Stock market,

SAMDISH D SHARMA - 9811042456

  Gift market,
 Banking and Insurance.
 Equity market
 Role of primary and secondary markets and efficiency
 Derivatives markets
 Future and options.

PART 5: GROWTH AND DEVELOPMENT:

 Concepts of Economic Growth and Development and theirmeasurement

 Characteristics of less developed countries and obstacles to theirdevelopment –
growth, poverty and income distribution.
 Theories of growth: Classical Approach: Adam Smith, Marx and Schumpeter- Neo
classical approach; Robinson, Solow, Kaldor andHarrods Domar.
 Theories of Economic Development, Rostow, Rosenstein-Roden, Nurske,
Hirschman, Leibenstien and Arthur Lewis, Amin and Frank(Dependency scool)
respective role of state and the market.
 Utilitarian and Welfarist approach to social development
 A.K. Sen’s critique.
 Sen’s capability approach to economic development.
 The Human Development Index.
 Physical quality of Life Index &Human Poverty Index.
 Basics of Endogenous Growth Theory

PART 6: INTERNATIONAL ECONOMICS:

 Gains from International Trade,

 Terms of Trade, policy, international trade and economic development- Theories
of International Trade; Ricardo, Haberler,Heckscher- Ohlin and Stopler- Samuelson
 Theory of Tariffs- Regional Trade Arrangements.
 Asian Financial Crisis of 1997,
 Global Financial Crisis of 2008
 Euro Zone Crisis- Causes and Impact.

PART 7: BALANCE OF PAYMENT:

 Disequilibrium in Balance of Payments,

 Mechanism of Adjustments,
SAMDISH D SHARMA - 9811042456
  Foreign Trade Multiplier,
 Exchange Rates, Import and Exchange Controls and Multiple
 Exchange Rates. IS-LM Model and Mundell- Fleming Model ofBalance of
Payments.

PART 8: GLOBAL INSTITUTIONS:

 UN agencies dealing with economic aspects,

 Role of Multilateral Development Bodies (MDBs), such as WorldBank, IMF and
WTO, Multinational Corporations.
 G-20

SAMDISH D SHARMA - 9811042456

 DAY 3
GENERAL ECONOMICS PAPER 3

200 MARKS
TIME: 9 AM TO 12 NOON
PART 1: PUBLIC FINANCE:

 Theories of taxation: Optimal taxes and tax

BOOKS TO BE REFERRED: reforms, incidenceof taxation.

 Theories of public expenditure: objectives
A. Environment and effects of public expenditure, public
Economics: expenditure policy and social costbenefit
 Charles Kolstad analysis, criteria of public investment
decisions, socialrate of discount
 Class handouts
 Shadow prices of investment
 Current Affairs
 Unskilled labour
B. Public Finance:
 HL Bhatia
 Foreign exchange.
 Budgetary deficits.
 Theory of public debt management.

PART 2: ENVIRONMENTAL ECONOMICS:

 Environmentally sustainable development

 Rio process 1992 to 2012
 Green GDP
 UN Methodology of Integrated Environmental and EconomicAccounting.
 Environmental Values: Users and non-users values, option value.Valuation
Methods: Stated and revealed preference methods.
 Design of Environmental Policy Instruments: Pollution taxes andpollution
permits, collective action and informal regulation by local communities.
 Theories of exhaustible and renewable resources.
 International environmental agreements, RIO Conventions.
 Climatic change problems.
 Kyoto protocol
 UNFCC

SAMDISH D SHARMA - 9811042456

  Bali action plan
 Agreements upto 2017
 Tradable permits and carbon taxes.
 Carbon Markets and Market Mechanisms.
 Climate Change Finance
 Green Climate Fund

PART 3: INDUSTRIAL ECONOMICS:

 Market structure, conduct and performance of firms

 Product differentiation and market concentration
 Monopolistic price theory and oligopolistic interdependence andpricing, entry
preventing pricing
 Micro level investment decisions and the behaviour of firms
 Research and development and innovation
 Market structure and profitability
 Public policy and development of firms

PART 4: STATE, MARKET AND PLANNING:

 Planning in a developing economy.

 Planning regulation and market.
 Indicative planning.
 Decentralized planning.

SAMDISH D SHARMA - 9811042456

INDIAN ECONOMICS PAPER 4
200 marks
TIME: 2 PM TO 5 PM

PART 1: HISTORY OF DEVELOPMENT AND PLANNING:

BOOKS TO BE REFERRED:
 Indian Economy: - Uma
Kapila
 Current Affairs
 Govt Schemes
 Indian Economy NCERT
 Indian Financial System
by Pathak
 Economic Survey
 Union Budget
 Indian Economy: - Misra
and Puri
 Alternative development strategies—goal of
self-reliance basedon import substitution and
protection
 The post-1991 globalization strategies based on
stabilization
 Structural adjustment packages: fiscal reforms,
financial
PART 2: FEDERAL FINANCE:
 Constitutional provisions relating to fiscal and
financial powers ofthe States Finance Commissions
and their formulae for sharing taxes
 Financial aspect of Sarkaria Commission Report
 Financial aspects of 73rd and 74th Constitutional
Amendment sector –reforms and trade reforms.

PART 3: BUDGETING AND FISCAL POLICY:

 Tax, expenditure, budgetary deficits, pension and fiscal reforms

 Public debt management and reforms
 Fiscal Responsibility and Budget Management (FRBM) Act
 Black money and Parallel economy in India—definition, estimates,genesis,
consequences and remedies.

SAMDISH D SHARMA - 9811042456

PART 4: POVERTY, UNEMPLOYMENT AND HUMAN DEVELOPMENT:

 Estimates of inequality
 Poverty measures for India
 Appraisal of Government measures
 India’s human development record in global perspective India’s population policy and
development.

PART 5: AGRICULTURE AND RURAL DEVELOPMENT:

 Technologies and institutions, land relations and land reforms

 Rural credit, modern farm inputs and marketing— price policy andsubsidies;
commercialization and diversification.
 Rural development programmes including poverty alleviationprogrammes
 Development of economic and social infrastructure
 New Rural Employment Guarantee Scheme

PART 6: INDIA’s EXPERIENCE WITH URBANISATION & MIGRATION:

 Different types of migratory flows and their impact on theeconomies of

their origin and destination
 The process of growth of urban settlements
 Urban development strategies

PART 7: INDUSTRY:

 Industrial Policy Reform

 Reservation Policy relating to small scale industries.
 Competition policy, Sources of industrial finances.
 Bank, share market, insurance companies, pension funds, nonbanking sources and
foreign direct investment, role of foreign capital for direct investment and portfolio
investment

 Public sector reform

SAMDISH D SHARMA - 9811042456

  Privatization
 Disinvestment.

PART 8: LABOUR:

 Employment, unemployment and underemployment

 Industrial relations and labour welfare – strategies foremployment generation
 Urban labour market and informal sector employment
 Report of National Commission on Labour
 Social issues relating to labour e.g. Child Labour, Bonded Labour
 International Labour Standard and its impact

PART9: FOREIGN TRADE:

 Salient features of India’s foreign trade, composition, direction and organisation of

trade, recent changes in trade Balance of payments
 Tariff policy
 Exchange rate
 India and WTO requirements.
 Bilateral Trade Agreements and their implications

PART 10: MONEY AND BANKING:

 Financial sector reforms

 Organization of India’s money market
 Changing roles of the Reserve Bank of India, commercial banks, development
finance institutions, foreign banks and non-banking financial institutions, Indian
capital market and SEBI
 Development in Global Financial Market and its relationship with Indian Financial
Sector.
 Commodity Market in India-Spot and Futures Market
 Role of FMC

SAMDISH D SHARMA - 9811042456

PART 11: INFLATION:

 Definition, trends, estimates, consequences and remedies(control): Wholesale Price

Index.
 Consumer Price Index: components and trends

PART 12: GOVT SCHEMES

PART 13: CURRENT AFFAIRS

SAMDISH D SHARMA - 9811042456

 ॐ त्र्यम्बकं यजामहे सुगन्धं पु ष्टिवर्धनम् |

उवाध रुकष्टमव बधनान्मृत्योमुधक्षीय माऽमृतात् ||

UPSC INDIAN ECONOMICS SERVICES

{IES EXAM}
COACHING BY SAMDISH D SHARMA &
TEAM
FEATURES: -
 ALL 4 PAPERS OF ECONOMICS
 GENERAL ENGLISH
 GENERAL STUDIES
 CURRENT AFFAIRS COVERAGE
 70+ TEST SERIES INCLUDING FULL COURSE TEST
 INTERVIEW PREPARATION BY ESTEEMED DIGNITARIES
 ONLINE LIVE CLASSES & RECORDED CLASSES

SAMDISH D SHARMA
{ACADEMICIAN, BUDDING ECONOMIST, MEDIA PERSON,
YOUTH SPEAKER, DU ALUMINI, POLITICAL- ELECTION-
BUDGET- ANALYST, POLITICIAN@BJP4 BHARAT}
FOR FURTHER ASSISTANCE CONTACT ON: -
9811042456 {SAMDISH D SHARMA}

SYLLABUS

No part of the site may be reproduced or copied in any form or by any means [graphic, electronic or
mechanical, including photocopying, recording, taping or information retrieval systems] or reproduced
and etc., without the explicit written permission of the SAMDISH D SHARMA Breach of the condition is
liable for legal action.

SAMDISH D SHARMA - 9811042456