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    Approach: Microeconomics: GDP GNP Growth Basics

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    Jigisha Singh
    This document provides an approach to studying microeconomics, macroeconomics, and the Indian economy for UPSC examinations. It recommends selective study of key topics from NCERT Class 11 and 12 textbooks, as well as supplementary materials. For microeconomics, it suggests focusing on elasticity of demand, law of diminishing returns, market structures, and price controls. For macroeconomics and the Indian economy, it outlines studying national income accounting, GDP, money and banking, foreign trade, taxation, and fiscal policy. It then provides a detailed approach to studying various aspects of the Indian economy like agriculture, industrialization, infrastructure, poverty alleviation, and sustainable development from NCERT textbooks and other sources.

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    Approach: Microeconomics: GDP GNP Growth Basics

    Uploaded by

    Jigisha Singh
    36 views6 pages
    This document provides an approach to studying microeconomics, macroeconomics, and the Indian economy for UPSC examinations. It recommends selective study of key topics from NCERT Class 11 and 12 textbooks, as well as supplementary materials. For microeconomics, it suggests focusing on elasticity of demand, law of diminishing returns, market structures, and price controls. For macroeconomics and the Indian economy, it outlines studying national income accounting, GDP, money and banking, foreign trade, taxation, and fiscal policy. It then provides a detailed approach to studying various aspects of the Indian economy like agriculture, industrialization, infrastructure, poverty alleviation, and sustainable development from NCERT textbooks and other sources.

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    This document provides an approach to studying microeconomics, macroeconomics, and the Indian economy for UPSC examinations. It recommends selective study of key topics from NCERT Class 11 and 12 textbooks, as well as supplementary materials. For microeconomics, it suggests focusing on elasticity of demand, law of diminishing returns, market structures, and price controls. For macroeconomics and the Indian economy, it outlines studying national income accounting, GDP, money and banking, foreign trade, taxation, and fiscal policy. It then provides a detailed approach to studying various aspects of the Indian economy like agriculture, industrialization, infrastructure, poverty alleviation, and sustainable development from NCERT textbooks and other sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    36 views6 pages

    Approach: Microeconomics: GDP GNP Growth Basics

    Uploaded by

    Jigisha Singh
    This document provides an approach to studying microeconomics, macroeconomics, and the Indian economy for UPSC examinations. It recommends selective study of key topics from NCERT Class 11 and 12 textbooks, as well as supplementary materials. For microeconomics, it suggests focusing on elasticity of demand, law of diminishing returns, market structures, and price controls. For macroeconomics and the Indian economy, it outlines studying national income accounting, GDP, money and banking, foreign trade, taxation, and fiscal policy. It then provides a detailed approach to studying various aspects of the Indian economy like agriculture, industrialization, infrastructure, poverty alleviation, and sustainable development from NCERT textbooks and other sources.

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    Approach: Microeconomics

    Only do selective study from NCERT Class 11 Microeconomics, as


    following.

    1. Elasticity  of demands (ch2) + Giffen goods (internet)


    2. Law of diminishing marginal product (ch 3.4)
    3. Perfect competition (ch4.1): only features.
    4. Non-competitive markets: (ch.6)
    a. features given @intro
    b. Monopolistic competition (ch.6.2.1)
    c. Oligopolistic competition (ch 6.2.2)
    2. Price ceiling and Price floors (ch5.2): only basic definition
    3. Glossary: only MCQ worthy definitions.
    Approach: Macroeconomics + Indian Economy
    GDP GNP Growth Basics
    NCERT Class 12 Macroeconomics After NCERT

    Ch. 2 National Income Accounting


     Circular flow of income.
     How to calculate national income (ignore Ramesh: Ch1. subtopic ideas of national income
    minute details/fomulas)
     GDP, GNP, NNP, deflator and their formulas.

    1. RAMESH: Ch 2 growth and development.


    Ch2 GDP vs Welfare topic (given at the end of this 2. Human Development index: Theory + curren
    chapter) Survey ch. 13 summary) + Schemes.
    3. Then newspaper + Yojana/Kuru +Magazines

    Money Banking Finance


    NCERT Class 12 Macroeconomics After NCERT

    Ch. 3 Money & Banking: Supply of money, Ramesh


    Functions of RBI  12 Banking
     11. Financial market => 14 Securities Market (Stock e
     13 Insurance
    Current:

     Economic Survey ch5 (FI)


     Legal angle: CSR, company law, SEBI powers
     Committees: Mayaram FDI-FII, Bimal Bank License,
    Nayak Governance in Bank boards. list goes on.
     Scam like: Bitcoin, Ponzi Scheme, NSEL, SEBI-SAH
     Growth/Inclusion Angle
    Foreign Investment/ Foreign Trade

    NCERT Class 12 Macroeconomics After NCERT

    Ramesh
     Ch15: External Sector
     Ch16: IMF, World banks
    NCERT 12/macro/ch.6 intl.org (even for Mains)
     Balance of Payment, Foreign Exchange Current (focus on these news)
     Gold standard, Bretton woods.
     ignore Formulas and Charts. only one formula important: 1. CAD high, Rupee weak (

    National income: Y=C+I+G+X-M 2. Bilateral investment

     +prepare all the terms in Glossary. 1. India 2015 Ch. on


    2. Visits and agreem
    3. WTO: current (Bali summ
    4. Infra, Food processing re
    Taxation/ Fiscal policy

    NCERT Class 12 Macroeconomics

    Chapter 5

     Revenue and capital account


     Measures of deficit
     Changes in Expenditure : ignore graph and formulas
     Debt, deficit
    After NCERT

    Laxmiankth’s book on Indian Polity


    Ch. on parliament=>budget making, chapters on Central state relations,
    federalism and CAG.

    Ramesh Singh :
     Ch. 18 Public finance.
     Ch.17 Taxation
     Lastly, GSM (MCQ)
    (optional) Laxmikanth’s book on Pub.Ad:
     Chapter on Financial Administration,
     Union Government in India (PSU)
    Approach: Indian Economy (for UPSC)
    For Indian Economy- the approach must be “prelim cum mains”. (Prelim-
    oriented “jugaad” preparation doesn’t work anymore- because UPSC
    professors designing tough MCQs to break the backs of coaching classes
    and senior players.) Anyways you should approach the basic of Indian
    Economy following sequence:

    #1: Background + British Raj/Pre-independence

    NCERT 12: Fundamental of Human Geo.


    1. Unit III (ch.5 to 9): sectors of economy
    Colonialism, Imperialism, industrial revo.
    1. NCERT (old) class 10, first chapter  (Mrunal.org/history)
    2. Bipin Chandra (Ch7) Economic Critique
    3. NCERT class11 (economy) Chapter 1
    #2: Agriculture/land reforms

    NCERT (economy) class11 Chapter #2:


    1. Planning topic ==>Ramesh 4 and 5
    2. Land reforms topic => India Yearbook for schemes (rural development).
    a. To prepare land reforms for Mains, go through
    i. Mrunal.org/polity
    ii. Bipin Chandra: India Since Independence (ch.29 to 31)
    2. Green revolution
    1. NCERT geography books for more on Indian agriculture, cropping
    patterns, soil types.
    2. India Yearbook 2014: MSP, NAFED etc from agriculture chapter
    3. Ramesh Singh Ch.8.
    4. Mains: Food processing- I’ve written whole article series [Food
    processing], links given above.
    5. Mains: Bipin Chandra: India Since Independencech33
    + Maintain notes from Yojana, newspapers, PIB etc. for issues related to
    land reforms, subsidies, rural development and planning.

    #3: Rural development

    NCERT class11: Ch.6 Rural development


     Rural banking=>RRB, financial inclusion (Mrunal’s articles)
     Agri.marketing=> Food processing (Mains) (Mrunal’s articles)
     Organic farming & its benefits.
     Eco.Survey ch8 (agri. Food  Management)
     IYB chapter (Agri, rural urban Development)
    #4: Industrial development

     NCERT (economy) class11


     Chapter 2: Industrial policy resolution, Import substitution,
    Permission raj
     Chapter 3: LPG
     Ramesh Singh
     Ch.6 (Economic Reforms)
     Ch7 Inflation. (+newspaper)
     ch9 (Indian industry and infra.) licensing, policy, disinvestment
     Budget + Economic survey + IYB
     Mains: Bipin PI Ch.25-28
    #5: Infrastructure

    1. NCERT class11:  Ch.7 infrastructure


    a. Energy=> renewable/non sources (GSM1); infra. (GSM3). For
    geography angle, refer to Majid Hussian or DR Khullar.
    b. Health infra.=> MDG, Public health, Schemes (GSM2 social sector
    schemes)- given onMrunal.org/snt
    2. Ramesh Ch 9 and ch.22
    3. Economic Survey ch. 9, 10 and 11
    For Mains: 12  FYP plan’s points/recommendations for infrastructure.
    th

    #6: Poverty, Human resources

     NCERT class11:
    1. Ch4 Poverty: poverty line, Causes of poverty
    2. Ch5 human capital formation
    3. Ch7 Employment
     Prelim cum mains (GS1 and GS3)
    1. Ramesh: ch.21  Demographic dividend, Ch. 22 human development
    2. Eco. Survey ch.2 and ch.13
    3. Census 2011, skill Development (Yoj/Kur/12th FYP/Schemes)
    #6: Sustainable development / Desi liquor

    1. NCERT class11:  9
    a. Carrying capacity, ozone depletion etc. basic
    b. for biodiversity /environment angle: additionally prepare NCERT
    sci/geography, NIOS
    2. Ramesh Ch.20
    3. RIO+20 (Mrunal.org/enb) This summit is old topic but gives decent fodder
    points for essay/interview.
    4. Economic Survey ch. 12
    Once this is done, you may go through remaining chapters of
    NCERT/Ramesh as per your time/mood.

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