Economics Optional Coaching in Delhi

There are several reasons why one may choose Economics as an optional subject in the UPSC CSE exam:

Relevance:

Economics is an important subject for policymakers and administrators, and knowledge of the subject is crucial for making informed decisions related to policy formulation and implementation.

Scoring:

Economics is a scoring subject, and candidates who have a good grasp of the subject can score well in the optional paper, thereby boosting their overall scores in the exam.

Overlap:

There is significant overlap between the syllabus of Economics and the General Studies papers, especially Paper III (Economy) of the Mains exam, which can help candidates save time and effort in their preparation.

Career Prospects:

A background in Economics can open up career opportunities in various government departments, international organizations, and think-tanks. What Does the Evaluator of UPSC CSE Optional Paper of Economics Expect from Aspirants? The evaluator of the UPSC CSE optional paper of Economics expects the following from aspirants:

Conceptual Clarity:

The evaluator expects candidates to have a deep understanding of various economic concepts, theories, and models, and their applications in real-world situations.

Analytical Skills:

The evaluator expects candidates to be able to analyze economic data, interpret economic indicators, and make sound judgments based on economic analysis.

Critical Thinking:

The evaluator expects candidates to be able to critically evaluate economic policies, programs, and institutions and provide reasoned arguments in support of their views. Examples of Civil Servants who had taken Economics as Optional and Secured Good Marks.

Vidusi Sing: All India Rank- 13, UPSC CSE 2022.
Akash Jain: All India Rank 2, UPSC CSE 2020. Graduation: B.Tech. in Mechanical Engineering from IIT Guwahati.
Gunjan Dwivedi: All India Rank 9, UPSC CSE 2020. Graduation: B.Com. from SRCC, University of Delhi.
Sagar Kumar Jha: All India Rank 13, UPSC CSE 2020. Graduation: B.Tech. in Electrical Engineering from IIT Roorkee.
Rahul Sharanappa Sankanur: All India Rank 17, UPSC CSE 2021. Graduation: B.Com. from Karnatak University, Dharwad.
Abhishek Surana: All India Rank 22, UPSC CSE 2021. Graduation: B.Tech. in Electrical Engineering from IIT Delhi.
Nishant Kumar: All India Rank 33, UPSC CSE 2020. Graduation: B.Tech. in Chemical Engineering from IIT Bombay.
Shivansh Tiwari: All India Rank 58, UPSC CSE 2020. Graduation: B.Tech.
Saurav Yadav: All India Rank 158, UPSC CSE 2020. Graduation: B.Tech. in Electrical Engineering from IIT Kanpur.
Pranav Bhatia: All India Rank 355, UPSC CSE 2020. Graduation: B.Tech. in Electronics and Communication Engineering from NIT Surathkal. Garima Agrawal: All India Rank 4, UPSC CSE 2019
The UPSC CSE optional paper for economics consists of two papers, each of 250 marks. The total marks for the economics optional paper, therefore, is 500 marks (250 marks for Paper-I and 250 marks for Paper-II).

The UPSC CSE optional paper for economics consists of two papers, Paper-I and Paper-II.
Here’s a brief overview of the difference between the two papers:
Paper-I:  This paper usually covers the microeconomic and macroeconomic theories and concepts, such as demand and supply, market structure, national income accounting, inflation, monetary and fiscal policy, economic growth, and international trade. The questions in Paper-I are usually theoretical and require a good understanding of the basic concepts of economics.
Paper-II: This paper usually covers the applied and contemporary topics in economics, such as the Indian economy (including current economic policies and reforms), development and growth, agriculture, industry, services sector, infrastructure, international trade, and financial market. The questions in Paper-II are usually more practical and require a good understanding of the current economic scenario and policies in India. Overall, both papers test the candidate’s knowledge and understanding of economics, but
Paper-II focuses more on the current economic policies and trends in India, while Paper-I covers the theoretical concepts and principles of economics.

If you are looking for a booklist for the economics optional subject for UPSC Civil Services Exam, here are some recommendations:
– Microeconomic Theory by Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green
– Macroeconomics by Gregory Mankiw
– International Economics by Dominick Salvatore
– Monetary Theory and Policy by Carl Walsh
– Public Economics in Action: The Basic Income/Flat Tax Proposal by A. B. Atkinson
– Indian Economy by Ramesh Singh
– Economic Survey of India
– Development Economics by Debraj Ray
– Industrial Organization: Theory and Applications by Oz Shy
– Game Theory for Applied Economists by Robert Gibbons
These books cover a range of topics in economics, including microeconomics,
macroeconomics, international economics, monetary theory and policy, public economics, Indian economy, development economics, industrial organization, and game theory. They are written by some of the most prominent economists and are widely regarded as essential reading for economics students.