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1) 
  (a) Production : Agents of Production; Costs and Supply; Isoquants (b) Consumption and
Demand; Elasticity concept (c) i
 Structure and concepts of equilibrium; (d) Determination of prices; (e)
Components and Theories of Distribution (f) Elementary concepts of Welfare economics : Pareto-optimality-Private
and social products-consumers surplus.

2) 
  (a) National Income concepts; (b) Determinants of National Income Employment (c)
Determinants of consumption, savings and Investment (d) Rate of Interest and its determination (e) Interest and
profit.

3) 
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: (a) Concepts of Money and measures of money supply; velocity of money
(b) Banks and credit creation; Banks and portfolio management. (c) Central Bank and control over money supply (d)
Determination of the price level. (e) Inflation, its causes and remedies. (f) Public, Finance-Budgets-Taxes and non-tax
revenues-Types of Budget deficits.

4) "
    (a) Theories of International Trade-comparative costs-Heckscher-Ohlin-Gains from
Trade-Terms of Trade.

(b) Free Trade and Protection.

(c) Balance of Payments accounts and Adjustment.

(d) Exchange rate under free exchange markets.

(e) Evolution of the International Monetary System and World Trading order-Gold Standard-the Brettonwoods system.

IMF and the World Bank and their associates.

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(5) #+, '

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  (a) Meaning and measurement of growth; Growth, distribution and Welfare; (b)
Characteristics of underdevelopment; (c) Stages of Development; (d) Sources of growth-capital, Human capital,
population, productivity, Trade and aid, non-economic factors; growth Strategies, (e) Planning in a mixed economy-
Indicative planning-Planning and growth.

(6) 
  Types of averages-measures of dispersion-correlation-Index numbers; types, uses and
limitations.

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1. Main features; Geographic size-Endowment of natural resources, Population; size, composition quality and growth
trend-Occupational distribution-Effects of British Rule with reference to Drain theory and Laissez Faire policy.

2. Major problems, their dimensions, nature and broad causes; Mass poverty-Unemployment and its types-
Economics effects of population pressure-Inequality and types thereof-Low productivity and low per capita income,
Rural-urban disparities-Foreign Trade and payments imbalances. Balance of Payments and External Debt- Inflation,
and parallel economy and its effects-Fiscal deficit.

3. Growth in income and employment since Independence-Rate, Pattern, Sectoral trends-Distributional Changes-
Regional disparities.

4. Economic Planning in India : Major controversies on planning in India-Alternative strategies-goals and

achievements, shortfalls of different plans-planning and the Market.

5. Broad Fiscal, monetary, industrial trade and agricultural policies-objectives, rationale, constraints and effects.

Main Exam IAS


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(a) Marshallian and Walrasiam Approaches to Price determination.

(b) Alternative Distribution Theories: Ricardo, Kaldor, Kaleeki

(c) Markets Structure: Monopolistic Competition, Duopoly, Oligopoly.

(d) Modern Welfare Criteria: Pareto Hicks & Scitovsky, Arrow's Impossibility Theorem, A.K. Sen's Social Welfare
Function.

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Approaches to Employment Income and Interest Rate determination: Classical, Keynes (IS-LM) curve, Neo classical
synthesis and New classical, Theories of Interest Rate determination and Interest Rate Structure.

10
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(a) Demand for and Supply of Money: Money Multiplier Quantity Theory of Money (Fisher, Pique and Friedman) and
Keyne's Theory on Demand for Money, Goals and Instruments of Monetary Management in Closed and Open
Economies. Relation between the Central Bank and the Treasury. Proposal for ceiling on growth rate of money.
(b) Public Finance and its Role in Market Economy: In stabilization of supply, allocation of resources and in
distribution and development. Sources of Govt. revenue, forms of Taxes and Subsidies, their incidence and effects.
Limits to taxation, loans, crowding-out effects and limits to borrowings. Public Expenditure and its effects.

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(a) Old and New Theories of International Trade

(i) Comparative Advantage

(ii) Terms of Trade and Offer Curve.

(iii) Product Cycle and Strategic Trade Theories.

(iv) Trade as an engine of growth´ and theories of under development in an open economy.

(b) Forms of Protection: Tariff and quota.

(c) Balance of Payments Adjustments: Alternative Approaches.

(i) Price versus income, income adjustments under fixed exchange rates,

(ii) Theories of Policy Mix

(iii) Exchange rate adjustments under capital mobility

(iv) Floating Rates and their Implications for Developing Countries: Currency Boards.

(v) Trade Policy and Developing Countries.

(vi) BOP, adjustments and Policy Coordination in open economy macro-model.

(vii) Speculative attacks

(viii) Trade Blocks and Monetary Unions.

(ix) WTO: TRIMS, TRIPS, Domestic Measures, Different Rounds of WTO talks.

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(a) (i) Theories of growth: Harrod's model,

(ii) Lewis model of development with surplus labour

(iii) Balanced and Unbalanced growth,

(iv) Human Capital and Economic Growth.

(v) Research and Development and Economic Growth

(b) Process of Economic Development of Less developed countries: Myrdal and Kuzments on economic
development and structural change: Role of Agriculture in Economic Development of less developed countries.

(c) Economic development and International Trade and Investment, Role of Multinationals.

(d) Planning and Economic Development: changing role of Markets and Planning, Private- Public Partnership

(e) Welfare indicators and measures of growth ± Human Development Indices. The basic needs approach.

(f) Development and Environmental Sustainability ± Renewable and Non Renewable Resources, Environmental
Degradation, Intergenerational equity development.


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Land System and its changes, Commercialization of agriculture, Drain theory, Laissez faire theory and critique.
Manufacture and O

: Jute, Cotton, Railways, Money and Credit.

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A The Pre Liberalization Era:

(i) Contribution of Vakil, Gadgil and V.K.R.V. Rao.

(ii) Agriculture: Land Reforms and land tenure system, Green Revolution and capital formation in agriculture,

(iii) Industry Trends in composition and growth, Role of public and private sector, Small scale and cottage industries.

(iv) National and Per capita income: patterns, trends, aggregate and Sectoral composition and changes their in.

(v) Broad factors determining National Income and distribution, Measures of poverty, Trends in poverty and
inequality.

B The Post Liberalization Era:

(i) New Economic Reform and Agriculture: Agriculture and WTO, Food processing, Subsidies, Agricultural prices and
public distribution system, Impact of public expenditure on agricultural growth.

(ii) New Economic Policy and Industry: Strategy of industrialization, Privatization, Disinvestments, Role of foreign
direct investment and multinationals.
(iii) New Economic Policy and Trade: Intellectual property rights: Implications of TRIPS, TRIMS, GATS and new EXIM
policy.

(iv) New Exchange Rate Regime: Partial and full convertibility, Capital account convertibility.

(v) New Economic Policy and Public Finance: Fiscal Responsibility Act, Twelfth Finance Commission and Fiscal
Federalism and Fiscal Consolidation.

(vi) New Economic Policy and Monetary system. Role of RBI under the new regime.

(vii) Planning: From central Planning to indicative planning, Relation between planning and markets for growth and
decentralized planning: 73 rd and 74 th Constitutional amendments.

(viii) New Economic Policy and Employment: Employment and poverty, Rural wages, Employment Generation,
Poverty alleviation schemes, New Rural, Employment Guarantee Scheme.

IAS paper -1 for Management

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Concept and Foundations of Management, Evolution of Management Thoughts; Managerial Functions ± Planning,
Organizing, Controlling; Decision making; Role of Manager, Managerial skills; Entrepreneurship; Management of
innovation; Managing in a global environment, Flexible Systems Management; Social responsibility and managerial
ethics; Process and customer orientation; Managerial processes on direct and indirect value chain.

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Conceptual model of organization behaviour; The individual processes ± personality, values and attitude, perception,
motivation, learning and reinforcement, work stress and stress management; The dynamics of organization behaviour
± power and politics, conflict and negotiation, leadership process and styles, communication; The Organizational
Processes - decision making, job design; Classical, Neoclassical and Contingency approaches to organizational
design; Organizational theory and design - organizational culture, managing cultural diversity, learning organization;
organizational change and development; Knowledge Based Enterprise ± systems and processes; Networked and
virtual organizations.

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HR challenges; HRM functions; The future challenges of HRM; Strategic Management of human resources; Human
resource planning; Job analysis; Job evaluation; Recruitment and selection; Training and development; Promotion
and transfer; Performance management; Compensation management and benefits; Employee morale and
productivity; Management of organizational climate and Industrial relations; Human resources accounting and audit;
Human resource information system; International human resource management.

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Financial accounting ± concept, importance and scope, generally accepted accounting principles, preparation of
financial statements with special reference to analysis of a balance sheet and measurement of business income,
inventory valuation and depreciation, financial statement analysis, fund flow analysis, the statement of cash flows;
Management accounting ± concept, need, importance and scope; Cost accounting ± records and processes, cost
ledger and control accounts, reconciliation and integration between financial and cost accounts; Overhead cost and
control, Job and process costing, Budget and budgetary control, Performance budgeting, Zero-base budgeting,
relevant costing and costing for decision-making, standard costing and variance analysis, marginal costing and
absorption costing.

20( &




Goals of finance function; Concepts of value and return; Valuation of bonds and shares; Management of working
capital: Estimation and financing; Management of cash, receivables, inventory and current liabilities; Cost of capital;
Capital budgeting; Financial and operating leverage; Design of capital structure: theories and practices; Shareholder
value creation: dividend policy, corporate financial policy and strategy, management of corporate distress and
restructuring strategy; Capital and money markets: institutions and instruments; Leasing, hire purchase and venture
capital; Regulation of capital market; Risk and return: portfolio theory; CAPM; APT; Financial derivatives: option,
futures, swap; Recent reforms in financial sector.

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Concept, evolution and scope; Marketing strategy formulation and components of marketing plan; Segmenting and
targeting the market; Positioning and differentiating the market offering; Analyzing competition; Analyzing consumer
markets; Industrial buyer behaviour; Market research; Product strategy; Pricing strategies; Designing and managing
Marketing channels; Integrated marketing communications; Building customer satisfaction, Value and retention;
Services and non-profit marketing; Ethics in marketing; Consumer protection; Internet marketing; Retail management;
Customer relationship management; Concept of holistic marketing.

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Descriptive statistics ± tabular, graphical and numerical methods, introduction to probability, discrete and continuous
probability distributions, inferential statistics-sampling distributions, central limit theorem, hypothesis testing for
differences between means and proportions, inference about population variances, Chi-square and ANOVA, simple
correlation and regression, time series and forecasting, decision theory, index numbers; Linear programming ±
problem formulation, simplex method and graphical solution, sensitivity analysis.

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Fundamentals of operations management; Organizing for production; Aggregate production planning, capacity
planning, plant design: process planning, plant size and scale of operations, Management of facilities; Line balancing;
Equipment replacement and maintenance; Production control; Supply chain management - vendor evaluation and
audit; Quality management; Statistical process control, Six Sigma; Flexibility and agility in manufacturing systems;
World class manufacturing; Project management concepts, R&D management, Management of service operations;
Role and importance of materials management, value analysis, make or buy decision; Inventory control, MRP; Waste
management.

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Conceptual foundations of information systems; Information theory; Information resource management; Types of
information systems; Systems development - Overview of systems and design; System development management
life-cycle, Designing for online and distributed environments; Implementation and control of project; Trends in
information technology; Managing data resources - Organising data; DSS and RDBMS; Enterprise Resource
Planning (ERP), Expert systems, e-Business architecture, e-Governance; Information systems planning, Flexibility in
information systems; User involvement; Evaluation of information systems.

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State participation in business, Interaction between Government, Business and different Chambers of Commerce and
Industry in India; Government's policy with regard to Small Scale Industries; Government clearances for establishing
a new enterprise; Public Distribution System; Government control over price and distribution; Consumer Protection
Act (CPA) and The Role of voluntary organizations in protecting consumers' rights; New Industrial Policy of the
Government: liberalization, deregulation and privatisation; Indian planning system; Government policy concerning
development of Backward areas/regions; The Responsibilities of the business as well as the Government to protect
the environment; Corporate Governance; Cyber Laws.

20

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Business policy as a field of study; Nature and scope of strategic management, Strategic intent, vision, objectives and
policies; Process of strategic planning and implementation; Environmental analysis and internal analysis; SWOT
analysis; Tools and techniques for strategic analysis - Impact matrix: The experience curve, BCG matrix, GEC mode,
Industry analysis, Concept of value chain; Strategic profile of a firm; Framework for analysing competition;
Competitive advantage of a firm; Generic competitive strategies; Growth strategies ± expansion, integration and
diversification; Concept of core competence, Strategic flexibility; Reinventing strategy; Strategy and structure; Chief
Executive and Board; Turnaround management; Management of strategic change; Strategic alliances, Mergers and
Acquisitions; Strategy and corporate evolution in the Indian context.

50"
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International Business Environment: Changing composition of trade in goods and services; India's Foreign Trade:
Policy and trends; Financing of International trade; Regional Economic Cooperation; FTAs; Internationalisation of
service firms; International production; Operation Management in International companies; International Taxation;
Global competitiveness and technological developments; Global e-Business; Designing global organisational
structure and control; Multicultural management; Global business strategy; Global marketing strategies; Export
Management; Export- Import procedures; Joint Ventures; Foreign Investment: Foreign direct investment and foreign
portfolio investment; Cross-border Mergers and Acquisitions; Foreign Exchange Risk Exposure Management; World
Financial Markets and International Banking; External Debt Management; Country Risk Analysis.