Exam pattern, Syllabus for APPSC Economics subject Degree Lecturers 2017

Exam pattern, Syllabus for APPSC Economics subject Degree Lecturers 2017 in Government Degree Colleges in A.P. Collegiate: APPSC has given the Degree College Lecturers Recruitment 2017 notification and online applications are invited online from qualified candidates to the post of Degree College Lecturers in in Govt Degree Colleges in the State of Andhra Pradesh. The proforma Application will be available on Commission’s Website (www.psc.ap.gov.in) from 29/12/2016 to 28/01/2017 (Note: 27/01/2017 is the last date for payment of fee up- to 11:59 mid night). APPSC Degree College Lecturers Recruitment 2017 notification no.26/2016 and apply online now @ http://appscapplications17.apspsc.gov.in/

Scheme of Exam:
PART-A: Written ‘Examination (Objective Type)
Papers No. of Questions Duration (Minutes) Maximum Marks
Paper-1: General Studies & Mental Ability 150 150 150
Paper-2:  Economics subject 150 150 300
PART-B: Interview (Oral Test) 50
TOTAL 500
NEGATIVE  MARKS: As per G.O.Ms. No.235, Finance (HR-I, Plg & Policy) Dept., Dt. 06/12/2016, for each wrong answer will be penalized with 1/3rd of the marks prescribed for the question.

READ | APPSC Degree Lecturers Recruitment

Economics Subject Syllabus:
ECONOMICS
1. Microeconomic Analysis
Demand analysis – Marshallian, Hicksian and Revealed preference approaches; axiomatic approach Theory of Production and Costs Pricing and output under different forms of market structure; collusive and non-collusive oligopolies. Factor Pricing analysis. Elements of General Equilibrium analysis and new welfare economics.

2. Macroeconomic Analysis
National income accounting – basic concepts. methods of estimation. Determination of output and employment – Classical approach, Keynesian approach. Real balance effect – Patinkin and Pigou. Theories of inflation. Phillips Curve analysis. Business cycles – Models of Samuelson, Hicks and Kaldor. IS-LM Analysis - Relative roles of monetary and fiscal policies. Mundell-Fleming open economy model. Rational expectations; new classical / tenets.

3. Development and Growth Development and Growth – Role of institutions.
Theories of growth and development – Models of growth of Joan Robinson and
Kaldor; Technical Progress – Hicks, Harrod and learning by doing, production function approach to the determinants of growth ; Endogenous growth : role of
education, research and knowledge – explanation of cross country differentials in
economic development and growth.
Theories of development – Classical, Marx, Schumpeter and structural analysis of development – Imperfect market paradigm, Lewis model of development, Ranis-
Fei model, Dependency theory of development.
Factors in economic development – natural resources, population, capital, human resource development – Measurement of development – Conventional, HDI and
Quality of Life indices.
Trade and development – trade as engine of growth, two-gap analysis, Prebisch, Singer and Myrdal views; gains from trade and LDCs.


4. Money and Banking
Definition and functions of money; empirical definition of money – monetary aggregates; monetarism; demand for money – Fisher, Cambridge, Keynesian, Friedman, Baumol and Tobin; supply of money – determinants; money multiplier. Role and functions of Central bank; NBFIs; instruments of monetary control; stabilization polices; monetary and interest rate targetting.
Social responsibility of banks; banking sector reforms, Basel I and II; deregulation, competition and efficiency; NPAs. Specialized financial and investment
institutions.

5. Public Finance
Role of government in a mixed economy – allocation, distribution and stabilization. Private, public and merit goods. Theories of Social choice. Theories of taxation, types, incidence and effects. Theories of public expenditure – effects on savings, investment and growth Burden of public debt; Wagner and Peacock – Wiseman hypotheses. Union Finance – Trends in Revenue and Expenditure of the Government of India. State Finance – Trends in Revenue and Expenditure of the State Governments. Public Debt – Effects and Burden and Management of public debt. Government Budget – Forms of Budgeting, Zero based budgeting, Different Budget deficits. Fiscal Federalism – Horizontal and vertical imbalances; methods of fiscal adjustment.

6. International Trade and Finance
Theories of International Trade : Empirical verification and relevance. International Trade under Imperfect competition. Terms of Trade and Economic Growth – Secular Deterioration of Terms of Trade Hypothesis – a critical review. Equilibrium / disequilibrium in Balance of Payment – Traditional, Absorption and monetary approaches to adjustment in Balance of Payments. Impact of Tariffs on Partial and general equilibrium analysis; Political economy of Non-Tariff Barriers. Theory of regionalism at Global level – Trade blocks – SAARC and ASEAN. Trade Policy and Reforms in India. Optimum currency areas – Euro - ERM

7. Indian Economy :
Basic features of Indian economy; growth and structural changes – composition and trends in National Income.
Demography – Demographic features; demographic transition and demographic dividend; rural urban migration and rural urban divide.
Planning : Objectives and strategies of planning; and achievements of
programmes for poverty alleviation and regional imbalances.
Agriculture : Land reforms and New Green Revolution – Role of technology; regional disparities in Indian agriculture; Pricing Policy; Food subsidy and Public distribution system.
Industry : Industrial growth and Productivity – New industrial policy; Privatisation, Disinvestment – FDI and role of MNCs. SMEs and industrial development.
Public Finance : Composition and growth of public expenditure and debt; Fiscal reforms and rationalization of subsidies; Centre – State financial relations.
WTO and its impact on Indian economy; Energy and Environment: Energy
Security; Environmental Policy of Government of India, Rationale of Social
Forestry.

8. QUANTITATIVE METHODS :
a. Statistical Methods
Measures of Central tendency, dispersion, skewness and kurtosis
Fundamentals of probability – Binomial, Poisson and Normal distributions. Simple correlation and regression analysis
Statistical inferences – Applications, sampling distributions ( t, Chi-square and F tests), Sampling of attributes, testing of hypothesis Index numbers and time series analysis Sampling and census methods, types of sampling and errors.

b. Econometric Methods :
i) Single Equation Linear Model :
Assumption and properties of OLS
Multiple Regression Model – Estimation and Interpretation
Multi-collinearity, auto-correlation and heteroscedasticity – Causes, detection, consequences and remedy.
Dummy variables, distributed lags – need, limitations and interpretation
Applications in economics. ii) Simultaneous Equation Models :
Structural and reduced forms, Endogenous and exogenous variables, Identification problems and conditions.
Single equation methods of estimations – two stage least squares, indirect least squares, and least variance ratio.

c. Time Series Models
Auto-regressive (AR), moving average (MA) and mixed processes (ARMA, ARIMA)
Concepts of unit root, integration and cointegration, random walks.

d. Mathematical Methods

i) Principles of optimization : maxima and minima of functions of a single variable.
ii) Basic concepts of Game Theory – Two-person, Zero-sum Game, Pure and Mixed strategy, Saddle point solution, Linear programming and input output analysis.
Exam pattern, Syllabus, Instructions for APPSC Degree Lecturers 2017
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