NEW ONLINE BATCH : LIVE CLASSES : INDIAN ECONOMIC SERVICES 2021 FROM 8TH NOVEMBER 2020

New Demo Videos

I have been revamping the course for a little while, but, this is an ongoing and never ending process, as no course is perfect, and every course gets a little better, in every cycle. This year, I have recreated many lectures, few of them are uploaded as a demo for you. I get questions like, what is the duration of these videos, it depends, as you could yourself see in these demo videos, several of them are lengthy and some are small ones. If I am just discussing a question in a video, then it is ought to be small, while if a complete topic is being discussed, then it is a lengthy one.

Some other general questions I get, is do we have to read books, or are these videos sufficient. The answer is yes, and a resounding yes, you ‘have to’ read a book also, these videos are in no way substitute for a reading. This course or any other course, you take up, will help you to understand  the book, they should complement a book and not substitute it. Also, there is nothing like sufficient, there is no dearth of resources which you can read, but you yourself have to be put some limit, upon the amount of reading which you have to do, otherwise that will be quite overwhelming for you. The best advice I can give is, make notes of every word of syllabus, at least 4-5 pages. I also have been following the same strategy in my course, but again this gets better in every cycle.

Here is the list of videos for several courses. in New version, complete full length videos are provided. In the old demo videos, for some videos, demo, in the form of small snippets is provided. For all videos, demo is not provided. If you want to buy the course or want to contact me, either mail me at nishant@nishantmehra.com or call me at 99-99-88-66-29.

How to purchase the course ? Answered here

How will you help me in answer writing practice? Answered here

 

• Aggregation of Preferences and the Statement of Arrow Impossibility Theorem

• Optimal Provision of Public Goods

• Externalities and Market Failure

• Introduction to Public Economics and Welfare Functions

• Nominal and Effective Rate of Protection (Import Tariff)

• National Income Trends and Indian Growth Experience

• Hecksher Ohlin Model Part 1   

• [IES/IAS Economics Optional/UPSC] Services Led Growth 

• [IES/UPSC/IAS Economics Optional] Specific Factors Model and Income Distribution Part 1

             

• [IES/IAS Economics Optional] Ricardian Model Part 1(Introduction to Comparative Advantage and PPF) 

 

• [IAS/IES Economics] Classical Theory of Income and Employment    

• Bertrand Model (Bertrand Paradox) [IAS UPSC Economics Optional /IES]  

• Indirect utility function and Expenditure function (IES 2018)  

• Elasticity of Substitution and Cobb Douglas Production Function (IES 2018)  

• Economic Rent and Elasticity of Factor Supply (IES 2018)  

• Price ceiling 

• Elasticity of Demand and Supply Part3 

 

• Budget Constraint Part 4 Taxes, subsidies, rationing, Quantity Discounts, Food Stamp Program  

• Budget Constraint Part 1 (Slope of BL and Numericals)  

• Demand and Supply 

• [IES/IAS Eco UPSC Coaching] Mercantilism

• Classical and Neo Classical Economic Thought (IES Paper 2, 2018) 

• Elasticity Theorems [UPSC/IAS Economics Mains/IES]  

• Substitution Effect and Income Effect [IAS/UPSC Economics/IES]  

• Utility Functions [IAS/UPSC Economics/IES] Previous Years Questions  

• Consumer Surplus [IAS/UPSC Economics/IES]  

• IES Paper 1 2013 Q2; IES 2017, Q1 (a); IAS 2012, Q 1(a) Indian Economic Services 

 

Old Demo Videos

Note : Once entire course is revamped, I will be deleting these small truncated versions of real videos. I understand that giving a full length videos is far better in terms of demo, than giving just small snippets. But I have also learned from my own mistakes, that is why you can watch full length demo videos above. For the time being I am keeping these old ones also. 

Following are truncated versions of original videos. These videos will give you a fair idea, about how the course is progressing. They are small (~5 mins) snippets of the complete video. You will be able to see the complete videos upon purchasing the course.

Macroeconomics I

This course is an introductory level course in Macroeconomics and a prerequisite for Macroeconomics II and Macroeconomics III courses. Below are demo versions of original videos, which you will be receiving as a part of real course

1. History of Economic Thought : Part 1
2. History of Economic Thought : Part 2
3. History of Economic Thought : Part 3
4. National Income Accounting Part 1
5. National Income Accounting Part 2
6. National Income Accounting Part 3
7.  National Income Accounting Part 4
8. Green National Income
9. Money and Inflation Part 1
10. Money and Inflation Part 2
11.  Money and Inflation Part 3
12.  Classical Theory of Output and Employment Part 1
13.  Classical Theory of Output and Employment Part 2
14. Classical Theory of Interest Rate Part 1
15.  The Closed Economy in the Short Run Part 1
16.  The Closed Economy in the Short Run Part 2
17. The Closed Economy in the Short Run Part 3

Macroeconomics II

This course will have detailed understanding of

• Aggregate demand and Aggregate supply
• Inflation, Unemployment and Expectations

1. Monetary and Fiscal Policy Part 1
2. Monetary and Fiscal Policy Part 2
3. Monetary and Fiscal Policy Part 3
4. Monetary and Fiscal Policy Part 4
5. Nominal and Real Interest Rates Part 1
6. Nominal and Real Interest Rates Part 2
7. The Labour Market Part 1
8. The Labour Market Part 2
9. AD- AS Model Part 1
10. AD- AS Model Part 2
11. Theory of Adaptive Expectations
12. Theory of Rational Expectations Part 1
13. Theory of Rational Expectations Part 2

Open Economy Macroeconomics

1. Introduction : NER, RER, Nominal and Real Appreciation and Depreciation
2. Introduction : BOP Account and UIP condition
3. Dd for Domestic Goods and Domestic Dd for Goods
4. Marshall Lerner Conditions and Effects of Depreciation
5. J Curve
6. Equilibrium in Open Economy Money Market
7. Fiscal and Monetary Policy in Open Eco and Flexible ER’s
8. Fixed ER and Fiscal and Monetary Policy
9. Flexible and Fixed ER’s
10. Consequences of Overvaluation and Undervaluation
11. BOP and External Accounts Must Balance
12. Accommodating Transactions (No Demo)
13. Mundell Flemming Model Part 1 (Horizontal BP curve) (No Demo)
14. Mundell Flemming Model Part 2 (Horizontal BP curve) (No Demo)
15. Mundell Flemming Model Part 3 (Different Slopes of BP curve) (No Demo)

Microeconomics I

This course will cover:

1. Consumer Theory

2. Production and Costs

3. Game Theory (Only for IES)

1. Cardinal Utility Theory
2. Budget Constraint
3. Consumer Preferences
4. Utility
5. Choice
6. Demand
7. Duality and Indirect Utility function and Expenditure function
8. Revealed Preference
9. Slutsky equation
10. Buying and Selling
11. Intertemporal Choice
12. Consumer Surplus
13. Uncertainty Part 1
14. Uncertainty Part 2
15. Producer Theory
16. Elasticity of Substitution
17. Cobb Douglas Production Function
18. CES production function
19. Translog Production Function
20. Returns to Factor and Returns to Scale
21. Cost Theory Part 1
22. Cost Theory Part 2
23. Duality and Cost Functions
24.  Introduction to Game Theory and Prisoner’s Dilemma (No Demo)
25. Strictly and Weakly Dominated Strategies (No Demo)
26.  Battle of Sexes and Stag Hunt (No Demo)
27.  Mixed Strategy Nash Equilibrium 2 X 2 form and 3 X 3 form (No Demo)
28. Extensive Form Game and Battle of Sexes Example (No Demo)
29. Backward Induction and its Examples (No Demo)

Microeconomics II

This course will cover

• Perfect Competition
• Monopoly
• Oligopoly Models
  • Cournot
  • Bertrand
  • Stackelberg
• Monopolistic Competition
• Welfare economics and General Equilibrium
  • Pareto
  • Scitovsky
  • Hicks
  • Arrow Impossibility Theorem
  • AK Sen’s Social Welfare function
• Alternative Distribution Theories
  • Ricardo
  • Kaldor
  • Kalecki
• Marshallian and Walrasian Approaches to price determination

1. Producer Theory
2. Elasticity of Substitution
3. Cobb Douglas Production Function
4. CES Production Function
5. Translog Production Function
6. Returns to Factor and Returns to Scale
7. Cost Theory Part 1
8. Cost Theory Part 2
9. Duality and Cost functions
10. Existence of General Equilibrium Prices Part 1
11. Existence of General Equilibrium Prices Part 2
12. Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Cobb Douglas)
13. Edgeworth Box, Pareto Efficiency and Competitive Equilibrium (Perfect Substitutes and Perfect Complements)
14. Perfect Competition Part 1
15. Perfect Competition Part 2 (LR Supply Function- Constant Cost Industry)
16. Perfect Competition Part 3 (LR Supply Function – Increasing and Decreasing Cost Industry)
17. Profit Maximization Part 1 (No Demo)
18. Profit Maximization Part 2 (No Demo)
19. Monopoly Part 1
20. Monopoly Part 2
21. Imperfect Competition Part 1 (Bertrand Model)
22. Imperfect Competition Part 2 (Cournot Model)
23. Imperfect Competition Part 3 (n firm Cournot)
24. Imperfect Competition Part 4 (Product Differentiation in Cournot and Bertrand)
25. Imperfect Competition Part 5 (Tacit Collusion)
26. Imperfect Competition Part 6 (Entry Deterrence)
27. Imperfect Competition Part 7 (Stackelberg Model)
28. Public Sector Pricing (Covered under Public Economics) 
29. Marshallian and Walrasian Stability Analysis -Part 1
30. Marshallian and Walrasian Stability Analysis -Part 2
31. Marshallian and Walrasian Stability Analysis -Part 3
32. Pricing with Incomplete Information (Asymmetric Information) – Part 1
33. Pricing with Incomplete Information (Asymmetric Information) – Part 2
34. Moral Hazard – Part 1
35. Moral Hazard – Part 2
36. Marginal Productivity Theory of Distribution under Perfect Competition 
37. Factor Shares and Adding up Problems and Euler’s Theorem Part 1 (No Demo)
38. Factor Shares and Adding up Problems and Euler’s Theorem Part 2 (No Demo)
39. Two Welfare Theorems and their Implications
40. Marginal Productivity Theory of Distribution under Perfect Competition
41. Wage Determination under Monopsony Part 1
42. Wage Determination under Monopsony Part 2
43. Bilateral Monopoly
44.  Kaldor’s Theory of Distribution
45.  Kalecki’s Theory of Distribution 
46. Ricardo’s Theory of Distribution
47. Marx Theory of Distribution
48. Pricing under Imperfect Competition -Part 1
49. Pricing under Imperfect Competition -Part 2
50. Pricing under Imperfect Competition -Part 3
51. Arrow-Impossibility Theorem Part 1
52. Arrow-Impossibility Theorem Part 2
53. Interpersonal Comparison and Aggregation Problem
54. Divergence between Social and Private Welfare
55. Pareto Optimality
56. Social Choice – Sen
57. Social Choice – Coase

Econometrics (Only for IES Exam)

1. Derivation of Normal Equations under Simple Regression Model
2.  Statistical Properties of OLS estimators
3. Computation of R2
4. Introduction to Hypothesis Testing
5. One Tailed and Two Tailed Test Example (No Demo)
6. Test of Goodness of fit in a Simple Linear Regression Model (No Demo)
7. Derivation of Normal Equations under Multiple Regression Model
8. Multiple Regression with two explanatory variables (No Demo)
9. Properties and Precision of Multiple Regression Coefficients (No Demo)
10. Introduction to Joint Hypothesis Testing
11. Joint Hypothesis Testing Example
12.  Omission of an Important Variable
13.  F Test (No Demo) 
14. Introduction to Multicollinearity
15.  Exact Multicollinearity and Consequences of ignoring Multicollinearity
16.  Multicollinearity and measures of alleviating it (No Demo)
17. Functional Forms and their Estimation
18. Heteroscedasticity, Assumptions, Tests and Consequences of ignoring it
19.  More on Heteroscedasticity (No Demo)
20. Serial Correlation, Assumptions, Tests and Consequences of ignoring it
21.  More on Autocorrelation (No Demo)
22. Dummy Variable, Estimation and Problems, Dummy Variable Trap
23. More on Dummy Variables (No Demo)
24. Chow Test (No Demo)

Mathematics for Economics (Only for IES exam)

1. Functions Part 1 (Definition and Types of functions)
2.  Functions Part 2 (Monotonicity and Convex Concave functions)
3.  Differentials and Implicit function theorem
4. Simple Economic Applications of Derivatives and Integrals Part 1
5.  Simple Economic Applications of Derivatives and Integrals Part 2
6. Exponential Function and its Applications
7. Logarithmic Functions and its Applications
8. Cramer’s Rule and its Applications
9. First and Second Order conditions for Optimization
10. Multivariable functions
11.  Multivariable functions Economic Applications
12. Constrained Optimization and Lagrangean Method
13. Lagrangean Method Mathematical Derivation
14.  Lagrangean Method Applications

International Economics 

1. Theory of Absolute Advantage
2. Theory of Comparative Advantage
3. Comparative Advantage and Opportunity Costs Part 1
4. Comparative Advantage and Opportunity Costs Part 2
5. The Standard Theory of International Trade Part 1
6. The Standard Theory of International Trade Part 2
7. The Standard Theory of International Trade Part 3
8. Offer Curves and Terms of Trade Part 1
9. Offer Curves and Terms of Trade Part 2
10. Factor Intensity and Factor Abundance
11. Heckscher Ohlin Theorem
12. The Factor Price Equalization Theorem
13. The Specific Factors Model
14. Leontief Paradox and Factor Intensity Reversal
15. Trade Based on Economies of Scale and Product Differentiation
16. Intra Industry Trade Model (No Demo)
17. Technological Gap Model (No Demo)
18. Product Cycle Model (No Demo)
19. Factor Growth and Rybczynski Theorem (No Demo)
20. Technical Progress and Small Country Case
21. Factor Growth, Trade, Welfare : Small Country Case
22. Partial Equilibrium Analysis of Tariff : Small Country Case
23. General Equilibrium Analysis of Tariff Small Country Case
24. General Equilibrium Analysis of Tariff Large Country Case

Growth and Development

1. Adam Smith Theory of Growth
2. Ricardo’s Theory of Growth
3. Malthusian Theory of Growth
4. Classical Theory of Growth
5. Marxian Theory of Growth Part 1
6. Marxian Theory of Growth Part 2
7. Marxian Theory of Growth Part 3
8. Schumpeterian Theory of Growth
9. Marx’s Stages of Growth
10. Rostow’s Stages of Growth Part 1
11. Rostow’s Stages of Growth Part 2
12. Gerschenkron’s Great Spurt Theory
13. Nurkse’s and Lewis’s views on Economic Development
14. Nurkse’s Theory of Balanced Growth
15. Hirschman Theory of Unbalanced Growth
16. Lewis Theory of Unlimited Supply of Labour
17. Fei Ranis Theory of Economic Development Part 1 (No Demo)
18. Fei Ranis Theory of Economic Development Part 2 (No Demo)
19. Leibenstein’s Critical Minimum Effort Thesis (No Demo)
20. Rosenstein Rodan Big Push Theory (No Demo)
21. Nelson’s Low Level of Equilibrium Trap (No Demo)
22. Kaldor Mirrlees Model of Economic Growth (No Demo)
23. International Structuralist Models (No Demo)
24. Dualism Introduction (No Demo)
25. Social, Technological and Financial Dualism (No Demo)
26. Economic Development and Economic Growth (No Demo)
27. Good Governance and Humane Governance Index (No Demo)
28. Growth of GNP Approach vs Basic Needs Approach (No Demo)
29. Human Development Index (No Demo)
30. Solow Growth Model Part 1 (No Demo)
31. Solow Growth Model Part 2 (No Demo)
32. Solow Growth Model Part 3  (No Demo)
33. Harrod Domar Model
34. Sen’s Capability Approach to Development
35. Human Development Index
36. Physical Quality of Life Index
37. Human Poverty Index

Public Economics

1. Canons of Taxation
2. Theories of Taxation Part 1
3. Theories of Taxation Part 2
4. Public Goods and their Optimal Provision
5. Free Rider Problem and Lindahl’s Pricing
6. Lindahl’s Pricing and Majority Voting
7. Arrow Impossibility Theorem and Median Voter Theory
8. Direct and Indirect Taxes
9. Incidence of taxes
10. Optimal Taxation Part 1
11. Optimal Taxation Part 2
12. Theories of Public Expenditure
13. Effects of Public Expenditure
14. Public Debt Part 1
15. Public Debt Part 2
16. Cost Benefit Analysis

Environmental Economics

1. Revealed Preference Method
2. Stated Preference Method
3. Shadow Pricing
4. Air Pollution
5. Property Rights and Externalities Part 1
6. Property Rights and Externalities Part 2
7. Investment Decision Criteron for Public Sector Projects And Efficient Allocation of Pollutants
8. Cost Effective Policies for Fund Pollutants
9. Static and Dynamic Efficient Allocation of Depletable Resources
10. Water Pollution
11. Timber Harvesting
12. Economics of Fisheries
13. Economics of Oil and Natural Gas
14. Toxic Substances and Pollution

Industrial Organization

1. Perfect Competition
2. Monopoly
3. Market Structure and Market Power
4. Technology and Cost functions
5. Monopoly and Third Degree Price Discrimination
6. Second Degree and First Degree Price Discrimination
7. Commodity Bundling Strategy
8. Strategic Interaction and Cournot Model
9. Bertrand Model and Stackelberg Model
10. Entry Deterrence
11. Market Structure and Size
12. Research and Development
13. Planning and Development : Part 1
14. Planning and Development : Part 2
15. Planning and Development : Part 3

Indian Economics 

1. Indian Economy at Independence – Introduction : Uma Kapila
2. Economic Legacies of Colonial Rule in India (Part 1) : Tirthankar Roy
3. Economic Legacies of Colonial Rule in India (Part 2) : Tirthankar Roy
4. Planning, Market and the State : Uma Kapila
5. Mahalanobis Model Part 1
6. Mahalanobis Model Part 2
7. Vakil Brahmanand Wage goods Model
8. XII Five Year Plan-Some issues : Manmohan Singh
9. Growth and Structural Change since 1950 (Part 1) : Uma Kapila
10. Growth and Structural Change since 1950 (Part 2) : Uma Kapila
11. Growth and Structural Change since 1950 (Part 3) : Uma Kapila
12. Recovery of Indian Economy during Nehru Era Part 1  : P Balakrishnan
13. Recovery of Indian Economy during Nehru Era Part 2  : P Balakrishnan
14. Macroeconomic Overview : The Growth Story (Part 1) : Manoj Panda
15. Macroeconomic Overview : The Growth Story (Part 2) : Manoj Panda
16. Growth experience of Indian economy : Arvind Subramanian
17. Story of sustained increase in savings and investment during 1950-2008  : Rakesh Mohan (Part 1)
18. Story of sustained increase in savings and investment during 1950-2008  : Rakesh Mohan (Part 2)
19. Growth and Investment – The Interlinks : C.Rangarajan
20. Myths about Indian Reforms : Bhagwati and Panagariya
21. Demographic Constraint : Uma Kapila (Part 1)
22. Demographic Constraint : Uma Kapila (Part 2)
23. India’s Demographic Transition and its consequences for Development : Tim Dyson
24. Debate on Demographic dividend in India : KS James
25. Integrating Growth and Development Part 1 
26. Integrating Growth and Development Part 2
27. India in Comparative Perspective (Part 1)
28. India in Comparative Perspective (Part 2)
29. Poverty, Inequality and Unemployment (Part 1) : Uma Kapila
30. Poverty, Inequality and Unemployment (Part 2) : Uma Kapila
31. Poverty, Inequality and Unemployment (Part 3) : Uma Kapila
32. Poverty, Inequality and Unemployment (Part 4) : Uma Kapila
33. Poverty, Inequality and Unemployment (Part 5) : Uma Kapila
34. Counting the Poor : Measurement and Other Issues (Part 1) : Rangarajan and Mahendra Dev
35. Counting the Poor : Measurement and Other Issues (Part 2) : Rangarajan and Mahendra Dev
36. Labour and Employment in Fast Growing India (Part 1) : Papola and Sharma
37. Labour and Employment in Fast Growing India (Part 2) : Papola and Sharma
38. Labour and Employment in Fast Growing India (Part 3) : Papola and Sharma
39. Inequities in Access to Health Services in India Part 1
40. Inequities in Access to Health Services in India Part 2
41. Inequities in Access to Health Services in India Part 3
42. Inequities in Access to Health Services in India Part 4
43. India’s Education Policy (Part 1)
44. India’s Education Policy (Part 2)
45. India’s Education Policy (Part 3)
46. Indian Agriculture Issues, Policies and Reforms (Part 1) : Uma Kapila
47. Indian Agriculture Issues, Policies and Reforms (Part 2) : Uma Kapila
48. Indian Agriculture Issues, Policies and Reforms (Part 3) : Uma Kapila
49. Agricultural Development in India (Part 1) : S Mahendra Dev
50. Agricultural Development in India (Part 2) : S Mahendra Dev
51. The Context and Conundrums of Contemporary Agriculture
52. Agricultural Price Policy, Farm Profitability and Food Security : Dev and Rao
53. National Food Security Act : Ashok Gulati and Shweta Saini
54. Industrial Development and Policies since Independence (Part1) : Uma Kapila
55. Industrial Development and Policies since Independence (Part2) : Uma Kapila
56. Industrial Performance 1991 – 2008 : R Nagraj
57. Industrial Development and Policies in India since Independence : KL Krishna
58. Public Sector Performance Since 1950 : A Fresh Look : R Nagraj
59. On Strategies of Disinvestment and Privatization : Vijay Kelkar
60. Of Omissions and Commissions : India’s Competition Laws : Aditya Bhattacharjea
61. Small Scale Industrialization under Globalization : M.H. Balasubramanya
62. The Employment Problem in India and the problem of Missing Middle : Mazumdar and Sarkar
63. Services in India’s Growth Process : Uma Kapila
64. Infrastructure and Economic Development : Uma Kapila
65. India’s External Sector : Uma Kapila