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Economics Optional Coaching

by Vajiram & Ravi

Date of Commencement

July 2024

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Mode

Classroom

Duration

24 Weeks

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Fee

Rs. 54,000 (Incl. GST)

Course Time

11:00 AM to 01:30 PM

Economics Optional Coaching

UPSC Economics Optional Coaching

Economics Optional has a strong success rate among high achievers, particularly those with a solid educational background and foundation. This subject is technical, analytical, and logical while also having equal current relevance. Aspirants who have prior knowledge of this subject are unquestionably at a competitive edge and can easily finish the syllabus in much less time due to subject familiarity. It could take some time for an aspirant to finish the syllabus if they are a novice in the field.

Advanced Microeconomics and Macroeconomics, International Economics, Money, Banking and Public Finance, Growth and Development are the key themes of UPSC Economics Paper I. Paper II examines economic conditions in India before and after independence. Aspirants who are adept at using and understanding graphs may do well in economics papers.

Check: UPSC Economics Syllabus

The student benefits from having this optional subject by being better prepared to answer questions pertaining to it on the Prelim Test. Additionally, the overlap is substantial as the Economics optional subject would cover almost 50%-60% of the UPSC curriculum for General Studies Paper III. The Personality Test will benefit from covering themes like political news, economic news, and government schemes and policies. 

Our Economics Optional Classes by Mr. Shyam Sunder are meticulously designed to offer students a comprehensive and strategic approach to exam preparation. With a keen focus on conceptual clarity and understanding of key economic theories and practices, we prioritize clear and concise explanations, ensuring that students develop a deep understanding of economic concepts and are well-prepared to tackle diverse questions in the exam. Our study material is curated to be concise, well-researched, and exam-ready, covering the entire syllabus comprehensively and in a timely manner.

Recognizing the interconnectedness of various economic topics, we strive to provide students with a holistic understanding of economics. Additionally, our classes prioritize the development of strong writing skills through regular answer writing practice sessions, helping students articulate their thoughts effectively and concisely.

 

Economics Optional Syllabus

Economics Optional Syllabus for UPSC Civil Services Examination consists of two papers, Paper 1 and Paper 2, each covering different aspects of economic theory, policy, and analysis.

Paper I of Economics mainly consists of Economic Theories that can be broadly divided in to four parts – (i) Microeconomics, (ii) Macroeconomics, Money, Banking and Public Finance, (iii) International Economics, and (iv) Growth and Development. These theories require basic understanding of graphs and mathematics and are static in nature. It is highly scoring paper if graphs are drawn correctly and basic numerical questions can be solved. Part (ii) and (iii) are helpful in handling some G. S Prelims questions as well, while part (iv) can be useful in answering some G.S Mains questions. 

Paper II consists of study of Indian Economy in three periods – (i) Pre-Independence (1857-1947), (ii) Post-Independence (1947-1991), and (iii) Post-1991. This paper’s syllabus, particularly of the Post-1991 Indian Economy, overlaps with major part of G.S Mains syllabus of Economics and accounts for at least 150 marks questions in different G.S Mains papers. It also helps in writing on some essay topics as well as at the interview stage of the CSE.

Features of Economics Optional Subject Programme

  • Class Schedule: 2.5-hour sessions, 6 days a week.
  • Comprehensive Syllabus Coverage: Complete coverage of Optional Subject Paper I & II through detailed lectures.
  • Clarity in Concepts: Complex terms and concepts are explained in a clear, easy-to-understand manner.
  • Practical Examples: Everyday examples are used to ensure students not only grasp concepts but can also articulate and write effectively about them.
  • Answer Writing Practice: Integrated answer writing practice along with PYQ discussions throughout the course duration.
  • Regular Class Tests: 2 tests followed by focused discussions and improvement suggestions.
  • Students who enrol for Economics Optional Subject Programme and qualify UPSC Prelims will be provided with 50% scholarship on Economics Optional Test Series.
  • Study Materials: Comprehensive handouts and notes with clear explanations and up-to-date information.
  • Accessibility: Classes are available in both Classroom and Live-Online formats, offering flexibility and convenience for all students.

Why to Choose Economics as an Optional?

The knowledge of Economics is considered a coveted feature both among the policy-makers and academia. The bureaucrats with a background in Economics are highly sought after in several departments and ministries. This is one of the reasons for making Economics a popular choice as an Optional subject in the UPSC CSE. But there are other reasons for the popularity of Economics. The subject can be regarded as a bridge between pure science and humanities. Economics examines the problems of society, like unemployment, inequality, and poverty and prescribes the solutions in a systematic manner using scientific approaches like using economic models that involve graphs and mathematical analysis.

Yet, Economics is not a pure science but a behavioural science. Thus, the graphs or mathematical analysis are not an end in itself. These are guides to understand the actual behaviour of economic agents like the consumers, producers, government, and the financial sector. The final goal is always to ensure better welfare of all the agents in the end. To achieve such goals, Economics also studies the impacts of various policies like fiscal policy, monetary policy, agricultural policy, industrial policy, infrastructure policy, and foreign trade policy on various economic agents. These policy details are also helpful in answering the General Studies questions of the exam, almost at all stages, including the Prelims, the Mains, and the UPSC Interview.

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