TNPSC Economics Exam Syllabus : Tamil Nadu Public Service Commission

Organisation : Tamil Nadu Public Service Commission (TNPSC)
Exam Name : TNPSC Economics Examination
Standard : PG Degree Standard
Subject Code : 249
Announcement : TNPSC Economics Exam Syllabus
Website : https://www.tnpsc.gov.in/English/new_syllabus.html

TNPSC Economics Exam Syllabus

The TNPSC Economics Exam Syllabus are given below,

Related / Similar Syllabus : TNPSC Chemical Engineering Exam Syllabus

UNIT I:
Importance and Scope of Economics – Micro and Macro Economics – Economic Statics and dynamics – Interdependence- Theory of consumer behaviour – Indifference curve analysis – Revealed Preference Theory – Elasticity of demand and its applicat i ons – Consumer’s surplus.

UNIT II:
Theory of production and cost – production function – optimum factor combination – Linear and Homogenous production function – Cobb – Douglas – CES production Function – Translog (TL) production function – Break even analysis.- Value – Price determination under different market st ruct ures – Producer’s Surplus.

UNIT III:
General Equilibrium analysis – Nash equilibrium – Welfare Economics – Welfare Criteria – Bergon’s social welfare function – Pareto criterion and optimality conditions- Kaldor – Hicks Welfare Criterion – Scitovsky’s Paradox – Arrow’s impossibility theorem – Rawl’s theory of social justice – Input – output analysis – Information (asymmetric).

UNIT IV:
National income – Measurement – difficulties – Sectoral shares – Circular flow of income –Classical Theory of income and employment – Keynesian Analysis – Theory of aggregat e demand and aggregate supply – IS – LM model – Absolute income hypothesis – Relative income hypot hesis – Permanent income hypothesis – Mul tiplier – Accelerator – Business cycles.

UNIT V:
Economic Systems – Market economy – Command economy – Mixed economy – Approaches to economic development – Adamsmith – Ricardo – Malthus – Schumpeter – Karl Marx – Gandhiji – J.C.Kumarappa – Periyar – Ambedkar Ideas.

UNIT VI:
Money – Friedman’s theory – Don Patikin’s theory – Tobin’s theory – Baumol’s model – Inflation – Deflation – Causes – effects – measures t o control.- Banking – Importance – Role and functions of Commercial Banks and Central Bank – Money Supply in India.

UNIT VII:
Composition and direction of foreign trade – Importance of foreign trade and economic development – Balance of payments – Terms of trade – Foreign direct investment – Exchange rate – EXIM policy – GATT – WTO – Dunkel Draft – TRIPS – TRIMS – FEMA -UNCTAD – International Financial Institutions – IBRD and IMF – New International Economic Order.

UNIT VIII:
Fiscal Function – Direct and Indirect taxes – Public expenditure – Public borrowing – techniques – Debt management Fiscal Federalism – Fiscal policy – Compensatory and functional finance – Types of budget – Budget formulation – Centre and St at e Financial Relations in India.

UNIT IX:
Economic Development – leading issues in India and Tamil Nadu – Economic and non – economic f actors – Agriculture – Prospects and problems – Trends in agricultural productivity – Green revolution – Land reform and effects – Rural Industrialization – Industry – Role of private and public Sectors – Industrial labour – Labour legislation – Social security measures.

UNIT X:
Planning – Types of Planning – National and state objectives and achievements – Models adopted in Indian plans – New Economic Policy – Liberalization, Privatisation and Globalisation – Multi – National Corporat ions – Sustainable Development(Transition from MDGs to SDGs).

Download Syllabus

TNPSC Economics Exam Syllabus Link :

http://www.syllabus.gen.in/uploads/pdf2022/2891-syllabus.pdf