Economics is central to the UPSC exam. In Prelims, you can expect up to 15 questions based on your knowledge of Economics. In Mains, the knowledge of Economics could fetch you up to 100 marks. Sound knowledge of Economics can also be applied in essay writing. This is why it is essential that you have a good command of the subject and get the right guidance from the very start!
The coverage of Economics at CivilsDaily under the guidance of Sajal Sir has been transformative for students. Our students have been able to answer almost all of the Economics questions in both Prelims and Mains using the study material and techniques we provided.
In fact, we have narrowed down all the reasons why Civils Daily provides the best coverage of Economics:
A. Free initiatives
Economy – Free Material by Himanshu Sir
- It tries to explain the concept using circular Diagram for developing conceptual Clarity
The Inflation
The Deflation
2. We give Layman examples for a better understanding of the topic?
Remember what happened when there was an outbreak of swine flu in India? Due to the outbreak of the swine flu epidemic in India, the government issued a warning that people should wear Breathing Masks to protect them from the infection. As a result, the demand for masks had risen to a very high level, but the supply was limited as the producers of the mask had no anticipation of the swine flu epidemic. Due to the high demand and limited supply of masks, the prices had risen manifold. The case above captures the mechanism of demand-pull inflation.
3. We add a lot of case studies?
Case Study- Money in Nazi’s POW Camps
4. Use of Tables for comparison
For example – Effects of Inflation on Different Sections
| Creditor/lender | Debtor/Borrower | Pensioner | Producers | Wealth Holders |
| Inflation harms creditors, as they lose in real terms. A 1000 RS lent @ 5%, will pay an interest rate of 50. If inflation rises to 10%, the price of goods will be 1100, but after interest, the return will only be 1050. | Inflation benefits the Debtor as they gain in real terms. | Inflation harms the pensioners, if their pensions are not indexed to inflation, and loses money. | They stand to gain by inflation since the price of goods and services rise faster than the cost of production as wages take time lag to react. | They stand to lose due to inflation, as their real returns fall due to rise in prices. |
5. We use data to explain concepts
- India has been moderately successful in reducing poverty. In 1990, the all India Poverty HeadCount Ratio (PHCR) was estimated to be 47.8%.
- In order to meet the 2015 target, the PHCR level has to be 23.9%. In 2011-12, the PHCR was 21.9%.
- This indicates that India has achieved the poverty reduction target, however, progress is uneven.
6. We connect the Static and the Current Affairs part
For example, in the chapter on Planning we gave a brief historical background wrt what is planning, what are the different types of planning, and India’s experience with planning. We followed it with contemporary aspects like Niti Ayog, Issues with Planning, and reforms needed.
7. We use off-beat topics in mainstream chapters
Eg: We discussed Amartya sen’s Capability approach in the poverty Chapter
8. We cover all the important Government initiatives
For example, in the chapter on poverty, we covered all the recent initiatives launched by the Government for the eradication of poverty.
In the chapter on Banks, the government’s initiatives to tackle NPA are covered extensively.
9. Economic Survey and Niti Aayog – New India @75 document recommendations are covered extensively
For example – In the inclusive growth chapter we have mentioned NITI Aayog’s Strategy for New India @75 recommendations.
10. Global Comparision
We provide comprehensive global comparison data for a better understanding of the context.
11. We use infographics to help you understand the topics better
12. We use Bullet points and Sub-headings making concepts easy-to-understand
For example -How to reduce Inequalities
- Promotion of Labour Intensive Manufacturing: The failure to promote labour-intensive manufacturing like; Construction, Textile, Clothing, Footwear etc. is the single most reason of rising inequalities. The Labour-intensive manufacturing has the potential to absorb millions of people who are leaving farming.
- More Inclusive Growth: The promotion and adoption of an Inclusive Growth Agenda is the only solution to rising inequality problem. Economic growth which is not inclusive will only exacerbate inequality.
- Skill Development: The development of advanced skills among the youth is a prerequisite if India wants to make use of its demographic dividend. The skilling of youth by increasing investment in education is the only way we can reduce inequality. India needs to become a Skill-led economy.
B. Daily News initiatives
- Newscards
Note 4 Students (Which areas to focus in Mains and Prelims)
2. B2BASICS (Connecting daily news with static part)
3. Previous Year Questions of Prelims
4. Expected Mains Question
5. Article in Q&A/Model answer form (Helps you in writing mock tests).
C. Paid Initiatives
- Samachar Manthan (SM)
- Comprehensive coverage
Economics is the mainstay of the SM program. We cover almost 10-12 Economics news every week and out of them, 6-7 Topics are given comprehensive coverage.
For eg in Week 15 of SM we have covered the following topics
- Poultry Farm Establishment Rules
- India becomes 4th largest forex reserves holder globally
- The National Monetisation Pipeline
- Govt. tells utilities to ship in coal as demand surges
- Microfinance
- Our banks are mispricing capital
- Taxing interest on Provident Fund
- How to unleash the entrepreneurial power of 1.3 billion Indians
- The April-June quarter GDP numbers indicated at 20.1 per cent growth
- Common Prosperity Drive in China
- Why are India’s Steady Exports Are At A Record High?
- NPA in India
2. Use of storytelling in Lectures
https://www.youtube.com/watch?v=I-oSOmq8dcc (Topic 1)
3. Complete Hand Holding
We do not assume that students know anything about Economics, we start from scratch! Our Economics coverage takes students from the very basic concepts to the advanced ones in a gradual step-by-step manner. We start off by building a strong foundation for ALL students and then introduce them to the more complex topics. This helps them become consistent and learning becomes easier.
4. Decoding The UPSC Syllabus And Question Pattern
We decode the UPSC syllabus and the question pattern for students. We use the scientific method of dissecting each question based on different topics and prioritising the most important materials for you. This helps students organise their studies and focus on the topics that really matter. In fact, this helps students save a lot of time and effort in their preparation.
5. Guiding Students To Learn At Their Own Pace
We believe that each student learns at their own pace. That is why we cover Economics with individual attention to each student. We make sure that everyone grasps the concepts. All of the topics and discussions are designed in a way that each student gets the most benefit out of our Economics coverage.
6. Resolving Doubts on CD community at Habitat
7. Concentrated Study Material For Revision And Practice
We do not want students to spend a lot of time and money trying to find the right resources for Economics. Our mentors create concentrated study material that students can read and score more. We work to create these specially designed study material for our students and pack it with all the relevant information. Everything you need for Economics, you’ll find in one place.
8. Individual Feedback And Evaluation
We conduct thorough feedback and evaluation for each student. Be it Prelims MCQs or Mains answer-writing practice, each student gets detailed feedback on their performance and tips on how to improve it further. With regular feedback, most of our students were able to score higher consistently with extremely high accuracy rates.
9) Preparing You For The Exam
We do not just train you academically, we train you mentally. We provide our students with complete support for the exam. We teach them the right answer-writing techniques, ways of intelligent guessing, and time management too. We ensure that every student is absolutely ready for the exam in every aspect!
We take our students through step-by-step learning to build a strong foundation. We cover Economics in a practical manner and teach you how to use that effectively in the exam. And that is why our students have performed consistently well in the exams and scored higher than they did before.
