The syllabus for the Indian Economic Service (IES) examination is designed to test the candidates' knowledge and understanding of economic concepts, theories, and policies, as well as their analytical skills. The examination is conducted by the Union Public Service Commission (UPSC) and consists of a written examination and an interview.
Here is an overview of the syllabus:
Written Examination:
1. General English:
Essay writing.
Comprehension.
Precis writing.
Usage and vocabulary.
Grammar.
2. General Studies:
Current events of national and international importance.
Indian polity and governance.
Economic and social development.
Environmental ecology, biodiversity, and climate change.
General science.
3. General Economics-I:
Theory of Consumer's Demand.
Theory of Production and Cost.
Theory of Value.
Theory of Distribution.
Welfare Economics.
4. General Economics-II:
Economic Thought.
Concept of National Income and Social Accounting.
Theory of Employment, Output, Inflation, Money, and Finance.
Financial and Capital Market.
Economic Growth and Development.
International Economics.
5. General Economics-III:
Public Finance.
Environmental Economics.
Industrial Economics.
State, Market, and Planning.
6. Indian Economics:
History of development and planning.
Federal Finance.
Budgeting and Fiscal Policy.
Poverty, Unemployment, and Human Development.
Agriculture and Rural Development.
Industry.
Foreign Trade.
Money and Banking.
The interview aims to assess the candidate’s intellectual curiosity, critical powers of assimilation, the balance of judgment, and alertness of mind. It also evaluates the depth of understanding of social and economic issues.
This comprehensive syllabus ensures that candidates are well-versed in various aspects of economics, enabling them to effectively contribute to the economic planning and policy-making processes in India.
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To compete with China, Europe has to question the orthodoxy of globalization
The rose-tinted view of globalization holds that free trade maximizes profits, efficiency, and economic growth by leveraging the power of comparative advantage. In this idealized trade system, countries specialize in products that they can make more easily or cheaply than others, and rely on the free flow of goods to…Read more...
https://qz.com/to-compete-with-china-europe-has-to-question-the-ortho-1850284482
International Economic Sanctions: How Effective Are They?
The beginning of the Russia-Ukraine war in 2022 comes hand in glove with international sanctions against the aggressor. However, the efficacy of sanctions seems to depend upon who the aggressor is and how the aggressor is placed in the global power dynamics. Given the ongoing distribution of power centers, specially with China and Russia at the helm of it, the enforcement of nonmilitary sanctions seems to be piecemeal. More than its efficacy what remains of it is tokenism. The growing economic cobweb makes it difficult to estimate the success of international sanctions. Do they remain as symbolic efforts made by the Western power bloc to uphold international peace and stability or they have really succeeded in taming the aggressor a bit? Please share your opinion with us.
Study 1: Major, Stereotypes, What did I learn yesterday?
People often have stereotypes about students and their majors. While they are partly true, a good professor is able to make a huge difference in the thinking process of people.
During my bachelor degree i studied Business Administration, but 30% of my classes have been part of the philosophical faculty of my university. There was a huge difference in the ways of thinking of people taking classes from multiple faculties and between people who focus 100% on a subject. The people who focus a lot tend to have a strong ideology and it is not good, since people tend to be more narrow minded. A broad spectrum helps a lot. I learned about business but also about ethics, sustainability and philosophy in general.
Now I am taking a master’s degree in international economics. It has also many disciplines. We learn about different views of economics. Development is a huge part of economics, so are thoughts about inequality and the rising share of the capital-income ratio. People often think that all economists seem to be very idealistic and not critical towards economics. But in reality there are many debates about what to do. Yesterday we learned in class about Piketty, a French economist who was a consultant of the former French president Hollande. He is criticising how the world economy looks like and he is concerned about the increasing inequality we are experiencing. Though, we did not hear many arguments, it was interesting to hear about different opinions, so we are able to broaden up our minds and be more open-minded towards different thoughts. Next week we might learn about the argumentations and how more economically liberal/conservative people might see it.
In a nutshell, it is important that we read and listen about different opinions on specific topics. There is no perfect way of doing something and listening to other people, even from different ways of thinking might help us developing new solutions. Listening and polite conversations help us to have a productive environment. Bubbles are comfortable but dangerous. I like to read online newspapers for sure, but then it is important to find different sources. It might be an article from a conservative newspaper, from a liberal one, from a left-wing newspaper. But in the end you should find some time to read about all views and not only stick to one single source. The less we polarize our community, the more we can improve.
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