Economics Syllabus for CSS Exam 2021

Economics paper-I CSS Exam (100 marks)

Economics Paper-II CSS Exam (100 marks)

Group-I, Optional Subjects CSS Syllabus (Total Marks 200, Two Papers with 100 marks each)

The Economics Syllabus for CSS Exam lies in group-I of optional Subjects. Every Subject has a weightage of 200 Marks, and they are divided into two papers. So you must have to prepare yourself for two papers of Group-I with equal marks. 

The CSS Economics Syllabus will start from beginner to the advanced levels by the Federal Public Service Commission. With this hierarchical structure, you can prepare the Economics that starts from Micro-Economics, Macroeconomics, Economic development of Pakistan, Money, and Banking. These are some core areas that will help you in preparing well for the CSS Exam by using different mediums of preparation.

So, prepare yourself for the Competitive examination with the competitive exam’s syllabus for Economics by using economics books, and other digital products that are feasible for you.

Economics Paper-I 

Marks: 100  

  1. Micro Economics
  2. Macro Economics
  3. Money and Banking
  4. Public Financing
  5. International Trade
  6. Economic Development

Let’s see it in details

Economics Paper-I (100 Marks) 

I. Micro Economics

  • Consumer behavior
  • Determination of market demand and supply
  • Microeconomics concepts
  • Concept of Elasticity of Demand & Supply
  • Static Analysis
  • Comparative Static Analysis
  • The distinction between partial and general equilibrium analysis (basic level)
  • The theory of the Firm
  • Producer’s equilibrium
  • Pricing of the factors of production

II. Macro Economics

  • Basic Economic Concepts 
  • National Income Accounting
  • Consumption Function
  • Multiplier
  • Accelerator
  • Component of Aggregate Demand
  • Labour Demand and Supply
  • Unemployment
  • Determination of equilibrium level of income and output (at least regarding two or three “schools of thought”)
  • Inflation

III. Money and Banking

  • Functions of Money
  • Quantity Theory of Money
  • The Fisher and Cambridge Formulations
  • Systems of note issue
  • Credit Creation
  • Functions of Central Banks
  • Instruments of Credit Control
  • Distinction between Goals
  • Operational & Intermediate Target of Central Banks Policy
  • Concept of Reserves
  • Liquidity Premium
  • Term Structure of Interest Rate
  • Transmission Mechanisms of Monetary Policy
  • Theory of Liquidity Preference
  • TVM
  • Capital Structure
  • Capital Restructuring
  • IS-LM Analysis and The role of Central Bank
  • Money Demand and Supply

IV. Public Financing

  • Government expenditure
  • Sources of Government Revenue
  • Privatization
  • Taxes and non-taxes
  • Incidence of different taxes
  • Public Debt
  • Objectives
  • Methods of repayment
  • Deficit financing
  • General Equilibrium Analysis
  • Welfare Economics
  • Fiscal Policy

V. International Trade

  • Theories of comparative advantage and Factor Endowments
  • Trade & Growth
  • Colonialism
  • Imperialism 
  • International Trade
  • Trade Restrictions
  • Economic Integration
  • Trade Policy
  • Balance of Payments
  • Foreign Exchange
  • International Monetary system
  • Custom Unions

VI. Economic Development

  • Concepts of development
  • Human development
  • Historical growth process and Development
  • Theories of development
  • Structural issues of development
  • Income distribution and poverty
  • Sectoral
    • Agricultural
    • Industry
    • trade and fiancé 
  • Issues and Development
  • Environment and Development

Economics Paper-II

Marks: 100

  1. Definition and Measurement of Development
  2. Planning Experience of Pakistan 
  3. Agricultural Development in Pakistan
  4. Industrial Development in Pakistan
  5. Role of Foreign Trade and Aid in Economic Development  
  6. Privatization, Denationalization, Deregulation
  7. Interest-Free Banking in Pakistan
  8. Energy Policy of Pakistan
  9. Social Sector Development in Pakistan
  10. Major Issues in Pakistan Economy

Let’s see it one by one in detail

  1. Definition and Measurement of Development
  • Characteristics of under Development
  • Rethinking on the concept of development
    • Growth vs. Redistributive justice
    • Absolute and Relative Poverty
    • Basic Needs Approach
    • Sustainable Development
    • Environmental Degradation & other Issues
  1. Planning Experience of Pakistan 
  • A critical evaluation of the strategy of economic planning
  • Governance
  • Institutions
  1. Agricultural Development in Pakistan 
  • Changes in Agricultural Policies over plan periods
  • Major Monetary
  • Fiscal measures to promote Agricultural development
  • Green Revolution Strategy and its implications for growth and redistribution
  • Land Reforms and changes in the Tenure System 1950 – 1980
  • Cooperative Farming
  • Rural Development
  1. Industrial Development in Pakistan
  • Early industrialization strategy
  • Creation of Financial and Development Institutions
  • Major monetary and fiscal measures to promote industrial development
  • Changing the role of the public sector over the plan Periods
  • Evaluation of Nationalization Policy
  • The concentration of industrial income and wealth
  • Evaluation of Import Substitution Policy and Export-led Growth Strategy in Pakistan
  1. Role of Foreign Trade and Aid in Economic Development
  • Trends in Pakistan’s Balance of Payments
  • Terms of Trade
  • Changes in direction of trade
  • Trends in Pakistan’s major exports and imports
  • Causes of significant changes in the trends
  • The role of migration and remittances in Pakistan’s economy 
  • Costs and Benefits of Foreign Aid 
  • Role of Foreign Investment
  1. Privatization, Denationalization, Deregulation
  • Conceptual and operational aspects
  • International comparisons
  • Pakistan Experience of Privatization
  1. Interest-Free Banking in Pakistan
  2. Energy Policy of Pakistan
  3. Social Sector Development in Pakistan
  4. Major Issues in Pakistan Economy
  • The energy crisis
  • Corruption
  • Bad governance
  • External debt accumulation and dependency
  • Unemployment
  • Income inequality
  • Inflation
  • Fiscal and trade deficits
  • Balance of payment issues
  • Shortage of irrigation water

How to make CSS Economics notes?

It is very essential to make the Notes for CSS Economics preparation. Different mediums will help you in making notes. You can go through different economics books for the CSS of Economics by the Federal Public Service Commission. Moreover, use digital products to cover the whole syllabus in a short period. 

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CSS Economics Paper 2020

CSS Economics past paper 2019

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Final Words

CSS Economics Syllabus

Although, it is a specialized one but keep in mind that this subject has a capacity to absorb deep references and theories. The related topics also contain a correlation with the Economics syllabus for CSS exam 2021. To master the related topics we have quality reference books that are available online. 

Lastly, ECTI is hoping that you have to go through the CSS Economics Syllabus 2020, and you will be able to prepare well for the Competitive Examination in this Subject.

For CSS Economics Past Papers, You can download or view from the link below

CSS Economics Paper-I 2020

CSS Economics Paper-II 2020

CSS Economics Paper-I 2019

CSS Economics Paper-II 2019

Suggested Books

Sr.NoTitleAuthor
A Text-book of Economics Theory Stonier & Hague
Economic Survey of PakistanGovernment Publication
Population ProblemsThompson & Lewis
Studies in Economic Development with

Special Reference to Pakistan

Ghouse, A
Colonialism and ModernizationKarl Marx Anchor books
Introduction to International EconomicsSnider, D.A, Paul Krugman, Dominick Salvatore
Government Finance—An Economic AnalysisDue John, F
On ColonialismKarl Marx and Frederick Engels
Under Development and Agrarian Structure in PakistanKhan, Mahmood Hassan
EconomicsPaul A. Samuelson
MicroeconomicsFerguson, C.E. & Gould, J.P., Nicholson, Mankiw
MacroeconomicsRudiger Dornbusch and Stanley

Fisher Blanchard

Foreign Aid Theory and Practice in Southern AsiaWolf, Jr. DC
History of International TradeFindlay, R and O’ Rourke, K
Economic of IslamAhmed, S.M
Economic DevelopmentTodaro, M.P
Factors in Economic DevelopmentCairncross, A.K

 

Moreover, you can also download the CSS Economics Books PDF for better Preparation of Economics.