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RPSC ASSISTANT PROFESSOR ECONOMICS BOOK AND TEST SERIES 2025

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                                                                                                                                                                                  RAJASTHAN PUBLIC SERVICE COMMISSION, AJMER

                                                                                                             SYLLABUS FOR COMPETITIVE EXAMINATION FOR THE POST OF ASSISTANT PROFESSOR IN ECONOMICS FOR

                                                                                                                                                                                     COLLEGE EDUCATION DEPARTMENT

                                                                                                                                                                                                         PAPER-I

UNIT - I: Microeconomics

Consumer Behaviour- Cardinal utility analysis, Nature of utility functions, Demand theory: Market Demand Curve, Elasticity of demand, ordinary and compensated demand curves, Network externalities- Bandwagon, Snob and Veblen effect. Indifference curve analysis, Goods, bads and neutrals. Normal, inferior and Giffen goods, Consumer's Price effect, income and substitution effects, Slutsky theorem. Analysis of consumer behavior under risk and uncertainty, Asymmetric information. Behavioral Economics.

Law of Variable Proportions, Isoquant, Ridge lines. Optimum factor combination, Expansion path, Short run and long run production functions, Cost functions and Curves. Cost concepts and cost curves. Short run and long run cost curves. Modern theory of cost. Elasticity of substitution. Euler's theorem. Production function- Cobb Douglas and CES, Technical progress, Economies of scale and Learning curve analysis.

Determination of price and output under different market structures. Factor pricing analysis. Peak load pricing. Game theory: Cooperative and non-cooperative games, Sequential games, Dominant strategy and Nash Equilibrium. Welfare economics - Pareto optimality, Market failure and externalities, New welfare economics, Social Welfare Function, First and Second Theorem of Welfare economics, Theory of second best. Arrow's Impossibility Theorem.

UNIT - II :Macroeconomics

 

National income - concepts and measurement, flaws in conventional system of National Income Accounts, Latest changes in national income accounts in India. Green Accounting, Consumption hypotheses - absolute, relative, life-cycle and permanent income hypotheses. Classical, Keynesian and Post- Keynesian theories of determination of income and output. Phillips curve Controversy, Post Keynesian Theories of demand for Money: Baumol, Tobin, Friedman, Patinkin and Real balance effect. Investment function: Neoclassical theory, Accelerator theory,


Tobin’s Q theory.

Money supply and high powered money. Money Multiplier The IS-LM model, the relative effectiveness of monetary and fiscal policies. Ricardian Equivalence.

Natural Rate of Unemployment- Adaptive Expectation. Trade Cycle Theories: Multiplier- Accelerator Interaction model, Kaldor model. Mundell -Fleming model. Monetarism: Monetarist-Fiscalist debate on Policy Activism. New classical approach to macro economics. Real Business Cycles, New Keynesian Macroeconomics- Sticky Price (Menu Cost) Model, Efficiency Wage Hypothesis.

UNIT-III: Economic Growth and Development

 

Economic development and growth. Climate change. Measurement and indicators of development: PQLI, HDI, HPI and GDI. Entitlement and capability approach. Growth-Distribution Trade-offs. Measurement of inequality- Lorenz curve and Gini Coefficient. Development and Growth models: Lewis, Fei-Ranis, Harrod-Domar, Solow, Kaldor. Endogeneous Growth, Uzawa-Lucas Model. Golden Rule of Capital Accumulation. Technological progress- Embodied and disembodied, Technical progress- Hicks and Harrod, Learning by doing. Cambridge criticism of Neo-classical Analysis of Growth. Economic function of market and state: Market failure and government failure. Project evaluation and Cost-benefit analysis. Theory of Environment Regulation: Political Economy Model of Regulation, Pigovian taxes; Subsidies for Abatement of pollution, Property Rights and the Coasian Approach: bargain Solution. Quantitative regulation: Command and Control- Standard setting; Tradable pollution permits. Methods of environment valuation: Hedonic pricing, Contingent valuation and Travel cost method.

Substainable Development goals and their governance. Role of Multilateral Development Bodies, Causes and impact of Global financial crisis of 2008 and Euro Zone crisis.

*****

 

 

Note :- Pattern of Question Paper

1.      Objective type paper

2.      Maximum Marks: 75

3.      Number of Questions: 150

4.      Duration of Paper: Three Hours

5.      All questions carry equal marks.

6.      Medium of Competitive Exam: Bilingual in English & Hindi

7.      There will be Negative Marking.


                                                                                                                                                                                                              RAJASTHAN PUBLIC SERVICE COMMISSION, AJMER

                                                                                              SYLLABUS FOR COMPETITIVE EXAMINATION FOR THE POST OF ASSISTANT PROFESSOR IN ECONOMICS FOR COLLEGE EDUCATION DEPARTMENT

                                                                                                                                                                                                                                                            PAPER-II

UNIT - I: Indian Economy-

Economic Growth in India: Pattern and structure. Problems of Indian economy - poverty, unemployment, Inflation, regional disparities. Characteristics of Indian Population and Population Policy. Food security in India. Inclusive growth. Agriculture development and policies. Agriculture Credit in India: Kisan Credit Card, Micro Finance Programme- SHG and Bank Linkage Programme. National Agricultural Insurance Scheme. Industrial development and policies. Service Sector Growth. Economic Reforms in India, Financial sector reforms. RBI and monetary policy. Demonetization, Impact of covid-19 on Indian Economy. Global Economic recession and its impact on Indian economy. Foreign trade: Trends, Composition and Direction, India's Balance of Payment position in recent years, WTO: issues and its impacts on Indian economy. Evolution of Niti Aayog. Major flagship programmes of Indian Government.

Migration- policy issues, Globalization and trade policy.

Rural development programmes, Bilateral Trade agreement and their implications on India.

UNIT - II : Quantitative Techniques-

 

Diagrammatical, Graphical & tabular representation of data, Measures of Central tendency, Dispersion, Skewness and Kurtosis, Simple Correlation, Partial and Multiple co-relation, Time Series. Components of Time Series, Regression Analysis, Probability- definition, theorems of addition and multiplication, conditional probability, Bayes Theorem. Binomial, Poisson and Normal distributions. Sampling techniques. Estimation: properties of good estimator, Point and Interval estimation, Types of errors, Level of significance and power of test. Hypothesis testing- Z, t, chi-square and F tests. Association of attributes, Analysis of Variance.

Matrices, Determinants, Differentiation, Simple and partial differentiation Integration- their applications in Economics. Indefinite and definite integration, Unconstrained and constrained optimization. Linear Programming, Game Theory, Input-Output analysis.


UNIT - III : Public Economics and International Economics-

Social, merit, mixed, club goods. Public expenditure- Wiseman-Peacock hypothesis, Leviathan Hypothesis, Niskanen Model, Public- Choice Theory, Public revenue - principle, effects. Taxation: incidence, impact and effects of taxation. Problem of double taxation. Elasticity and buoyancy of taxes. Problem of Tax Evasion and Parallel Economy in India. Tax reforms, GST and its implication for India. Issues of subsidies in India. Public debt -sources, burden, effects and its management. Centre-State financial relations, Fiscal policy: Neutral, Compensatory, and Functional Finance. Public Enterprises and Public Utilities. Concept of budget deficits.

Theories of international trade- comparative cost, opportunity costs. Heckscher-Ohlin theory, Factor Price Equalization Theorem. Terms of trade. Balance of payments.

 

*****

 

Note :- Pattern of Question Paper

1.      Objective type paper

2.      Maximum Marks : 75

3.      Number of Questions : 150

4.      Duration of Paper : Three Hours

5.      All questions carry equal marks.

6.      Medium of Competitive Exam: Bilingual in English & Hindi

7.      There will be Negative Marking.