ECONOMICS CSS SYLLABUS (200 MARKS)
Paper-I (100 Marks)
I. Microeconomics
- Consumer Behaviour:
- Determination of market demand and supply.
- Concept of elasticity of demand and supply.
- Static and Comparative Static Analysis:
- Distinction between partial and general equilibrium analysis (basic level).
- Theory of the Firm:
- Producer’s equilibrium.
- Pricing of the factors of production.
II. Macroeconomics
- Basic Economic Concepts.
- National Income Accounting.
- Consumption Function.
- Multiplier and Accelerator Effects.
- Components of Aggregate Demand.
- Labour Demand and Supply.
- Unemployment.
- Determination of Equilibrium Level of Income and Output:
- Reference to at least 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:
- Goals, operational, and intermediate targets of central bank policy.
- Concept of Reserves and Liquidity Premium.
- Term Structure of Interest Rates.
- Transmission Mechanisms of Monetary Policy.
- Theory of Liquidity Preference.
- Time Value of Money (TVM).
- Capital Structure and Restructuring.
- IS-LM Analysis.
- Role of the Central Bank.
- Money Demand and Supply.
IV. Public Financing
- Government Expenditure.
- Sources of Government Revenue:
- Taxes and non-taxes.
- Incidence of different taxes.
- Public Debt:
- Objectives and methods of repayment.
- Deficit Financing.
- General Equilibrium Analysis.
- Welfare Economics.
- Fiscal Policy.
V. International Trade
- Theories of Comparative Advantage and Factor Endowments.
- Trade and Growth.
- Colonialism, Imperialism, and 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 Issues and Development:
- Agricultural, industry, trade, and finance.
- Environment and Development.
Paper-II (100 Marks) — Economics of Pakistan
I. Definition and Measurement of Development
- Characteristics of underdevelopment.
- Rethinking the concept of development:
- Growth vs. Redistributive justice.
- Absolute and relative poverty.
- Basic needs approach.
- Sustainable development.
- Environmental degradation and other issues.
II. Planning Experience of Pakistan
- Critical evaluation of the strategy of economic planning.
- Governance and institutions.
III. Agricultural Development in Pakistan
- Changes in agricultural policies over plan periods.
- Major monetary and 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.
IV. Industrial Development in Pakistan
- Early industrialization strategy.
- Creation of financial and development institutions.
- Major monetary and fiscal measures to promote industrial development.
- Changing role of the public sector over plan periods.
- Evaluation of nationalization policy.
- Concentration of industrial income and wealth.
- Evaluation of import substitution policy.
- Export-led growth strategy in Pakistan.
V. Role of Foreign Trade and Aid in Economic Development
- Trends in Pakistan’s balance of payments.
- Terms of trade.
- Changes in the direction of trade.
- Trends in Pakistan’s major exports and imports.
- Causes of significant changes in trends.
- Role of migration and remittances in Pakistan’s economy.
- Costs and benefits of foreign aid.
- Role of foreign investment.
VI. Privatization, Denationalization, and Deregulation
- Conceptual and operational aspects.
- International comparisons.
- Pakistan’s experience of privatization.
VII. Interest-Free Banking in Pakistan
VIII. Energy Policy of Pakistan
IX. Social Sector Development in Pakistan
X. Major Issues in Pakistan’s Economy
- 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.
FPSC Official ECONOMICS CSS SYLLABUS
Here is the link to the ECONOMICS CSS SYLLABUS on the FPSC official website
