Economics Optional UPSC: Study Materials & Other Details

Pros of Economics optional in UPSC IAS exam 

  1. It is an analytical and coherent subject.
  2. It is a scoring subject.
  3. There is a good amount of connection with general studies papers. It holds 50-60% of the GS paper 3 syllabi. It includes 30 marks in the UPSC prelims paper.
  4. Aspirants can be easily available for economics.
  5. Candidates who have had a science background can study economics owing to the lucid description of the subject. Yet applicants deprived of a previous information of economics can go in for the indicated subject.
  6. The syllabus in economics for UPSC is enormously precise.
  7. With just clearness of ideas, you can easily outline very good answers for economics papers.
  8. Aspirants can better deal with this subject even without any coaching particularly when they have previous knowledge.
  9. Let’s say, aspirants are skilled in perceiving the charts and diagrams, then it cinches to obtain the marks be yearning for.

Cons of Economics optional in UPSC IAS exam 

  1. In order to do good and reasonable preparation, students must be focused on their subject. Some people might find economics an uninteresting subject.
  2. They should be reasonably good in Maths also.
  3. They must be able to comprehend diagrams and charts too. Graphs are an essential element of this subject.
  4. It is a methodological subject.

Study materials for Economics optional for UPSC IAS Mains Exam 

  1. An Introduction to Economics – A.W. Stonier and D.C. Hauge
  2. Banking – S.B. Gupta
  3. Dictionary of Economics – Graham Bannock; T.E. Baxter, Ray Rees
  4. Economic Growth and Development – Mayer and Baldwin
  5. Economic Survey: Twelve Five Year Plan: New Industrial Policy – Government of India
  6. Economics – Paul A. Samuelson
  7. Economics Choice – Koutsweanik
  8. Growth and Development – M L Jhingan
  9. Indian Economy – Mishra and Puri
  10. Indian Economy – R. Dutt and KPM Sundaram
  11. Indian Economy – Ramesh Singh
  12. International Economics – Bo Soderston
  13. International Economics – H.G. Mannur or Salvatore
  14. International Trade – Bo Soderston
  15. Macro Economic Analysis – Edward Shapiro
  16. Modern Banking – R.S. Sayers
  17. Monetary Theory and Public Policy – Kenneth Kurihara
  18. Money Supply in India: Concepts, Compilation, and Analysis: Functions and Working – Reserve Bank of India
  19. National Income Accounting – Neethu
  20. Outline of Monetary Economics – A.C.I. Day
  21. Public Finance – H.L. Bhatia
  22. Public Finance – K.K. Andley and Sundharam
  23. The Economic Times
  24. Economic and Political Weekly