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Economics — Model Syllabus Roadmap

22 Official 2024 Lecturer Disciplines — Syllabus Directory · Subjects 1–11

Useful for: SSB Lecturer (Degree Colleges)

Overview

Economics covers micro and macro theory, development, international trade, public finance, Indian economy and quantitative methods.

Key points

Microeconomics: consumer and producer theory, market structures.
Macroeconomics: Keynes’s "General Theory" (1936), income determination, money.
Development: growth models, Rostow’s stages, poverty and inequality.
International trade: Ricardo’s comparative advantage, balance of payments.
Public finance: taxation, public expenditure, fiscal policy.
Econometrics and statistics.

Explanation

Indian economy: planning, reforms, sectors.
Elasticity concepts are widely tested.
Phillips curve links inflation and unemployment.
Welfare economics studies efficiency and equity.

Step by step

Place the question in its unit of the syllabus.
Recall the theory, thinker, law or work involved.
Eliminate options from other schools, periods or units.

Examples

"General Theory" (1936) → Keynes.
Comparative advantage → David Ricardo.
Stages of growth → W. W. Rostow.

Traps and advanced points

Trap: Mixing absolute and comparative advantage.
Trap: Wrong author–theory pairs.
Trap: Ignoring Indian economy.

Quick revision

Micro, macro, development.
Keynes 1936; Ricardo.
Public finance; econometrics.

Practice MCQs

'The Wealth of Nations' (1776) was written by
1. David Ricardo
2. J. M. Keynes
3. Karl Marx
4. Adam Smith
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Answer: (d) Adam Smith. He is called the father of economics.
According to the law of demand, other things remaining the same, when price rises, quantity demanded
1. falls
2. rises
3. stays the same
4. becomes zero
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Answer: (a) falls. Price and quantity demanded move inversely.
'The General Theory of Employment, Interest and Money' (1936) was written by
1. Milton Friedman
2. Adam Smith
3. Alfred Marshall
4. J. M. Keynes
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Answer: (d) J. M. Keynes. It laid the base of macroeconomics.
India's Second Five-Year Plan was based on the model of
1. Harrod–Domar only
2. P. C. Mahalanobis
3. Gandhi
4. Lewis
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Answer: (b) P. C. Mahalanobis. It stressed heavy industry.
GDP measures the
1. market value of final goods and services produced within a country in a year
2. total exports only
3. government budget
4. money supply
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Answer: (a) market value of final goods and services produced within a country in a year. Intermediate goods are excluded.

More topics in this chapter

Notes and questions are written by Kundali IQ for practice. They are not official papers; always check the latest official notification for the syllabus and pattern.