01 March, 2013

Economic Thought


This post is on topic 1 of the General Economics II of the IES examination. 

Let's go through the questions in the past 4 years:-

2009-
Explain the concept of "tableu Economique" as propounded by the physiocrats. (5 marks,50 words question)

2010-
State briefly the key propositions of Monetarist School of Macro Economics. (15 marks,150 words)
Examine the circumstances that gave rise to the mercantilism and those that brought about its decay. Is the world going back to mercantilism in a new form? (30 marks, 500 words)

2011-
"Adam Smith's concept of 'Invisible Hand' teaches us that everything in an economy can be left to market forces." Discuss. (15 marks,150 words)

2012-
What were the mercantilist's views on trade? How does their concept of national wealth differ from today's view?

A mastery in this section can also equip us to supplement our answers for questions from other parts of the paper, apart from the direct questions from this section. An example of such a question is the following- 

12 February, 2013

Let's Get started with the preparation of Indian Economic Service............

Hello friends,

                    We are a team of two people who would like to be more interactive with the aspirants of Indian Economic Service Examination conducted by UPSC.. First of all we must understand that it is not a tough exam and not meant for extra ordinaries.. but for who they are very much thorough with the basic concepts of Economics and who can use it in an extra ordinary way.... We would like to dedicate our efforts for beginners.... So as a beginner the first step of preparation is to get the syllabus of the exam and going through it word by word considering it as the best guide of the exam... Get the syllabus by clicking the link below.... 


                 Second step of preparation is to collect the old question papers as much as you can get but preferably of past 4 years... You can get it here.....

Question Papers of 2012

07 February, 2013

Books



General Economics-I:
  • For Micro: Koutsoyyiannis, Ahuja or any other good book
  • For Macro: Shapiro, Dornbusch and Fischer, Ahuja
  • Referring to Books of Class 11th and 12th NCERT Maths book is also necessary
  • Refer Class 12th book of CBSE for National Income Accounting

General Economics-II:
  • For Monetary topics refer to SB Gupta (For both) RBI Report and M L Jhingan
  • For International Economics prescribe Mannur, Soderston or any other book
  • For Growth and Development refer to Baldwin, Meir and M L Jhingan and go through any one or two latest book of Amratya Sen

History of the service



 The Indian Economic Service (IES) was conceived by Pandit Jawahar Lal Nehru for formulating and implementing economic policies and programmes of the country. After independence, economic reconstruction and development was envisioned as one of the foremost objective and a challenge to the national planners. The most important prerequisite in this development process was the formulation of suitable plans, policies and measures for the effective utilisation of material, financial and human resources. It was in this context that Pandit Jawahar Lal Nehru envisaged the creation of a separate cadre of economists for steering the economic development of the nation.

Cadre Control




The IES Division in the Department of Economic Affairs is entrusted with the responsibility of Cadre administration and management of the Indian Economic Service.
The main functions of the IES Cadre Division are all matters pertaining to the following:

About Indian Economic Service



  • The Indian Economic Service (IES) is an organized Group ‘A’ Central Service.
  • The IES was constituted in 1961 with the objective of institutionalising a core professional capacity within the Government to undertake economic analysis and render advice for designing and formulating development policies, strengthening delivery systems, and monitoring and evaluating the public programmes. With the initiation of large-scale economic reforms in 1991 and the proliferation of the regulatory role of the government, such analysis and advice within the domain of the service has increased manifold.

Syllabus


SYLLABI

The standard of papers in General English and General Studies will be such as may
be expected of a graduate of an Indian University.
The standard of papers in the other subjects will be that of the Master’s degree
examination of an Indian University in the relevant disciplines. The candidates will be
expected to illustrate theory by facts, and to analyse problems with the help of theory.
They will be expected to be particularly conversant with Indian problems in the field of
Economic/Statistics.

GENERAL ENGLISH
Candidates will be required to write an essay in English. Other questions will be
designed to test their understanding of English and workmanlike use of words.
Passages will usually be set for summary or precis.

SCHEME OF EXAMINATION



 INDIAN ECONOMIC SERVICE

1. The examination shall be conducted according to the following Plan:

Part I. Written examination carrying a maximum of 1000 marks in the subjects as
shown below.
Part II. Viva voce of such candidates as may be called by the Commission, carrying a
maximum of 200 marks.
PART-I
The subjects of the written examination under Part I, the maximum marks allotted to
each subject/paper and the time allowed shall be as follows:-