UPESSC Assistant Professor Economics syllabus

1Micro-Economic Analysis

• Demand Analysis - Marshallian, Hicksian and Revealed Preference Approach, Lancaster theory.
• Theory of Production and Cost Curves.
• Pricing and Output determination under Perfect Competition, Monopoly, Monopolistic and Oligopoly Markets.
• General Equilibrium and Welfare Economics.
• Managerial Theories of the firm - Baumol, Marris and Williamson.
• Theory of Limit Price

2Macro-Economic Analysis

• Determination of Output and Employment - Classical approach, Keynesian & Post Keynesian approach, Consumption hypotheses.
• Phillips Curve Analysis.
• Business Cycle Models: Samuelson, Hicks, Kaldor and Hawtrey
• Fiscal and Monetary Policies and IS-LM Model.

3Development and Planning

• Measurement of Development : HDI, GDI, GII.
• Theories of Development - Classical, Marx and Schumpeter, Rostow
• Approaches to development: Vicious circle of poverty, Circular Causation Theory of Myrdal, Balanced growth, Critical Minimum Effort, Big Push, Unlimited supply of labour, Unbalanced Growth, Low level income equilibrium trap.
• Choice of Techniques and appropriate technology - Investment criteria - Elementary idea of cost - benefit analysis.
• Development Techniques of planning; Planning in a market - oriented economy.
• NITI Ayog: Objectives, strategies, Sustainable Development Goals.

4Growth Economics

• Economic Growth, Economic Development and Sustainable Development
• Models of Economic Growth - Harrod - Domar Model, Neoclassical Growth Model – Solow

5Money and Banking

• Demand for Money - Fisher and Cambridge versions, Approaches of Keynesian, Friedman, Baumol and Tobin.
• Supply of Money, Determinants of Money Supply, High - powered money, Money Multiplier.
• Money and banking - Concepts of Money Supply, Organisation of India's Money Market, Changing role of RBI, Inflation - Concept, Trends, Estimates, Consequences and Remedies; Monetary Policy and Financial Sector Reforms.
• Commercial Banking Functions

6Public Finance

• Role of the Government in an Economy - Allocation, distribution and stabilization functions; Private, Public and Merit goods.
• Budget - Components of Budget, Kinds of Budgets, Zero - Base Budgeting, Gender Budgeting, Types and effects of Deficit; Deficit Financing, Budgets of the Union Government in India; Formulation and Enactment
• Public Expenditure: Meaning and Scope, Theories of Public Expenditure.
• Public Revenue - Different approaches to the division of tax burden, incidence and effects of taxation; elasticity and buoyancy; taxable capacity
• Public Debt - Objectives and Importance, Sources, Effects, Burden and its management.
• Fiscal Federalism - Concept, Theory and Problems; Problems of Centre - State Financial relations in India, Role of Finance Commission in India
• Fiscal Policy - Objectives and Instruments of Fiscal Policy, Compensatory Fiscal Policy,
• Concept of Functional Finance; Role of Fiscal Policy in a Developing Economy like India.

7International Economics

• Theories of International Trade: Neo-Classical (Haberler) and Modern Theory of Trade (Heckscher-Ohlin); Terms of Trade and Gains from Trade; Factors Influencing Terms of Trade.
• Balance of Payment - Overview, Adjustment and Equilibrium in BOP, Elasticity, Absorption and Monetary Approaches for adjustment in the Balance of Payments; Foreign Exchange Rate.
• Problem of International Liquidity
• Tariff and Non- Tariff Barriers, Partial and General Equilibrium
• Role of Multilateral Development Bodies like WTO, IMF, World Bank in economic development.

8Indian Economy - I

• Characteristics of a Developing Economy; Basic Economic Indicators - National income, Performance of different sectors; Concept of Energy - Renewable and Non-Renewable Sources of Energy.
• Agriculture - Institutional and Technological Aspects, Agricultural Policy in India, Land Reforms in India, Rural Credit, Agricultural Price Policy, Public Distribution System (PDS) and Food Security in India.
• India's population : features, changes in structure

9Indian Economy - II

• Industry - Industrial Policy Reforms, MSME Sector
• Foreign Trade - Trends, Balance of payments and Trade Reforms in India, Foreign exchange rate reforms; Composition and Direction of India's Foreign Trade, India and WTO, Bilateral Trade Agreements, FDI.
• Poverty, Unemployment, and Human Development - Estimates of Inequality and Poverty measures for India, Multidimensional Poverty Index, Human Development index.

10Statistical Methods

• Measures of Central tendency, dispersion, skewness and kurtosis.
• Elementary theory of probability
• Probability Distribution - Binomial, Poisson and Normal distributions.
• Simple correlation and regression analysis.
• Statistical inferences - Applications, sampling distributions (t, x² (Chi-square) and F tests) sampling of attributes, testing of Hypothesis.
• Index numbers and time series analysis.
• Sampling and census methods, types of sampling and errors.

General Knowledge — common to every subject

1Current Affairs

• A. Major events & Current Affairs : National/International
• B. Personalities in News
• C. Sports News
• D. Current Research in the field of Science.

2Teaching and Research Aptitude

• A. Teaching : Nature, Objectives, Need, Methods Evaluation and Factor Affecting Teaching
• B. Research : Meaning and Methods
• C. Data : Source, Collection and Analysis
• D. Role of UGC in Qualitative Development in Higher Education.

3Information and Communication Technology (ICT)

• A. ICT : Meaning, Advantages and Disadvantages
• B. Basics of Internet & E-mailing
• C. General Abbreviation and Terminology.

4People and Environment

• A. People & Environment Interaction
• B. Environmental Depredation : cause & Solution
• C. National and International affairs for better Environment
• D. Environmental Control.

5Indian History and Geography

• A. Salient Features of Indian Culture
• B. Indian National Movement (1857-1950)
• C. Origin of Universe and Solar System
• D. Indian Geography (General).

6Indian Constitution and Economy

• A. Preamble, Fundamental Rights and Directive Principles
• B. Indian political system : Legislative Executive and Judiciary
• C. Election Commission and Public Service Commission
• D. Population, Poverty, Unemployment; Planning and Development; Income Tax
• E. Agriculture, Industry, Trade; Money, Currency, Banking and Capital Market.

UPESSC Assistant Professor syllabus, Economics (Subject Code-43), Syllabus/upessc_2026/Economics_en.pdf — transcribed from the scanned pages, wording as printed.