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Old November 17th, 2016, 01:44 PM
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Join Date: Dec 2012
Default Re: IES Notification by UPSC

The UPSC will release official notification for IES Exam 2017 soon.

UPSC has released exam schedule for all latest exams.

Important Dates
Notification Date Last Date to Apply Exam Date
8th Feb, 2017 3rd Mar, 2017 12th May, 2017

Eligibility Criteria
Age Limit: 21-30 Years

Educational Qualification:
For Indian Economic Service: Must have a Post-graduate Degree in Economics/ Applied Economics/ Business Economics /Econometrics from a University

For Indian Statistical Service: Must have obtained a Post-Graduate degree in Statistics/ Mathematical Statistics/ Applied Statistics from a University

Nationality: Must be an Indian

Exam Pattern:
Indian Economic Service
Subject Maximum marks Time
General English 100 3 hours
General Studies 100 3 hours
General Economics-I 200 3 hours
General Economics-II 200 3 hours
General Economics-III 200 3 hours
Indian Economics 200 3 hours

Indian Statistical Service
Subject allowed Maximum marks Time
General English 100 3 hours
General Studies 100 3 hours
Statistics-I (Objective) 200 2 hours
Statistics-II (Objective) 200 2 hours
Statistics-III (Subjective) 200 3 hours
Statistics-IV (Subjective) 200 3 hours

UPSC IES Exam Syllabus
General Economics-I
Part A:
1. Theory of Consumer’s Demand: Cardinal utility Analysis; Marginal utility and demand, Consumer’s surplus, Indifference curve Analysis and utility function, Price income and substitution effects, Slutsky theorem and derivation of demand curve, Revealed preference theory. Duality and indirect utility function and expenditure function, Choice under risk and uncertainty.
2. Theory of Production: Factors of production and production function. Forms of Production Functions: Cobb-Douglas, CES and Fixed coefficient type, Translog production function. Laws of return, Returns to scale and Return to factors of production. Duality and cost function, Measures of productive efficiency of firms, technical and allocative efficiency. Partial Equilibrium versus General Equilibrium approach. Equilibrium of the firm and industry.
3. Theory of Value: Pricing under different market structures, public sector pricing, marginal cost pricing, peak load pricing, cross-subsidy free pricing and average cost pricing. Marshallian and Walrasian stability analysis. Pricing with incomplete information and moral hazard problems.
4. Theory of Distribution: Neo classical distribution theories; Marginal productivity theory of determination of factor prices, Factor shares and adding up problems. Euler’s theorem, Pricing of factors under imperfect competition, monopoly and bilateral monopoly. Macro-distribution theories of Ricardo, Marx, Kaldor, Kalecki.
5. Welfare Economics: Inter-personal comparison and aggregation problem, Public goods and externality, Divergence between social and private welfare, compensation principle. Pareto optimality. Social choice and other recent schools, including Coase and Sen and Game theory.

Part B:
Quantitative Methods in Economics:
1. Mathematical Methods in Economics: Differentiation and Integration and their application in economics. Optimisation techniques, Sets, Matrices and their application in economics. Linear algebra and Linear programming in economics and Input-output model of Leontief.
2. Statistical and Econometric Methods: Measures of central tendency and dispersions, Correlation and Regression, Time series, Index numbers, Sampling and Survey methods, Testing of hypothesis, simple non-parametric tests. Drawing of curves based on various linear and non-linear function. Least square methods and other multivariate analysis (only concepts and interpretation of results). Analysis of Variance, Factor analysis, Principle component analysis, Discriminant analysis. Income distribution: Pareto law of Distribution, lognormal distribution, measurement of income inequality. Lorenze curve and Gini coefficient.
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