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Week 1 : Theory of Production: General Economics Paper I (Indian Economic Services)

I have been making videos for Indian economic services for quite sometime, I thought of revamping the course many times, but now, I am determined that I have to do this, and make this course as useful for students as possible.

This week, I tried to cover ‘Theory of Production’, (Topic 2 : Paper 1, Indian Economic services). In the syllabus, following topics are mentioned

  • 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

I particularly followed Nicholson and Snyder for the above topics and also referred to Varian here and there to put some final touches. Have completed following videos, pertaining to the above topic :

  • Production function, Returns to scale and Returns to production function 
  • Homogenous Functions and Homogenous Production functions (IES 2011)
  • Expansion Path of not linearly Homogenous production function (IES 2013, 2015, 2018)
  • Cobb Douglas Production function (IES 2013, 2016, 2018)
  • Returns to Scale and Convexity of Isoquants Numerical (IES 2014)
  • Forms of Production function (Cobb Douglas : Elasticity of Substitution) (IES 2018)
  • Types of Production functions (Perfect Substitutes and Leontieff Production function) and their elasticity of substitution (IES 2017)  
  • Diminishing MRTS and Diminishing returns to Labour numerical
  • Expansion Path a linearly Homogenous production function (IES 2015)
  • Elasticity of Substitution of CES Production function (IES 2011, 2012, 2017)
  • Technical progress and Growth Accounting
  • Technical progress and Growth Accounting Numerical example

Mostly, one should follow readings of Delhi University, they are more than sufficient to prepare for this paper or UPSC economics optional. I am also following the same readings, and you know, while reading them again and again, every time they teach something new or provide a new insight into the old concept. Anyways, you don’t have to read the same book repeatedly, you should keep a notebook alongside and maintain writing practice, always jot down points. Note-making is a skill, which you will develop slowly and gradually. You will improve every time you make new notes. If possible try to make notes in the question and answer format; in the second layer of recordings, I am also doing the same, after introducing the concept, I am trying to locate which questions were asked in the papers and then discuss them in the videos.

I still have to do Cost Theory, that is very cursorily mentioned in the syllabus, but still questions were asked in full capacity in the real exam. In this week, my goal is to complete all cost theory videos, and if possible a video on Types of productive and economic efficiency.

One thing which I want to tell all aspirants, is make notes of all sub-topics of the syllabus and if possible convert them in the question and answer format and write them. It will be very handy while revising all notes. I am also closely following the same strategy in my videos. More than anything, this course is like, a goal for me, am I able to cover full length and breadth of the syllabus. I have already made the first layer of recordings, now the present exercise is to superimpose new videos on the old ones and at the same time improve them.

This week, I was reading a spiritual novel, it is more like a memoir, “By His Grace, A Devotee’s Story” . It is based on the life and lila of Neem Karoli Baba. Have just completed a new book also, Atomic Habits. You guys should also read voraciously, it will help, it will help in forming your opinion, blossom new ideas in you. Do not just read academic books. You might be thinking, what is he writing all about, actually, some years down the line, I want to read my posts and think how I changed overtime, how my posts changed, how my thinking changed. I don’t want this blog to be just a selling mouthpiece, I want it to be my space, where I can express my views also.

Have not decided on which of the videos to give as a demo from the above ones, will put that in a day or two. For queries, you can mail or call us.







Classical And Neo Classical Economic Thought (IES-2018, Paper 2)

Hi Guys,

Today I made a recording on Classical and Neo Classical Economic thought. This was one of the question asked in IES 2018 paper. Although, the question is for 5 marks only, but I prepared it as a topic.

It is better to prepare the syllabus in terms of questions. I have not been regular since so many days in posting about the new recordings, will do so from now

Also, putting a demo link below

Classical And Neo Classical Economic Thought (IES-2018, Paper 2)



Indian Economic Services (IES) and IAS Economics Optional- Complete Online Coaching Course

Hello Guys, today I have completed (actually two weeks before, to be more precise) the online course for Indian Economic Services and IAS Economics Optional. I have been working on this since last one year.

Not a difficult course, but it is very very huge

On completing the course, what I have realized is, that, the course in itself is not difficult, it is humongous. What this course has done for you, is that, it has organised everything in one place, so that student does not have to waste his time in researching for the topics and secondly, everything is recorded and taught, so that, student can write his notes side by side.

How quickly the course can be completed?

Many times, I get a query, how quickly, I can complete the course? My answer to that is, you can complete it in 1.5-2 months, if you sit all day before your computer. But ask yourself, is that feasible, in my opinion, No. It is not about completing the course, it is about assimilating it too, understanding it in comprehensible bits and pieces and later joining them all together, so that it all makes sense. My take is to start the course early, make notes and revise them. But yes, if you are in hurry, then by all means, complete it in one-two months, if that is what the situation demands.

Entire syllabus is recorded, new videos will be added and old ones updated

I have added series of videos for Indian Economics Services Course and IAS Economics Optional Course, but these are not the only ones, I will be regularly adding more and deleting and updating the old ones. My view is to keep updating the course, according to the latest trends. Every year, there will be two cycles of course updation of about three-four months each, in which new videos will be added and old ones updated. But you don’t have to worry about these cycles, you will get the complete course, whenever you purchase it.

Previous Years Questions

Also, I will be adding videos from previous years papers too. They will not be presented as a separate recording but will be added within a relevant topic. Doing these previous years questions, will help students to gain more clarity on the given topic. My advise to all students is, neither just rely on previous years nor ignore them completely. These previous years give you a broad understanding of the trends, which you have to keep in mind, in all probability.

Test Series for Indian Economic Services (IES) and IAS Economics Optional

This year, I am starting with Test Series too. Many students have asked about them earlier, but I refused it last year, because I was myself busy in recording the course. Now, since I have completely recorded this course, I am in a position, to offer a test series for both Indian Economic Servies (IES) and IAS Economics Optional.

There will be 12 tests, whose schedule will be updated. You can do them at your own pace and return it back for correction, I will grade them and return it back with comments. Of course, test series is very helpful in keeping you on track.

Indian Economics

I have based the course heavily on Uma Kapila’s : “Indian Economy since Independence 1947-2016” (1014 pages) and several articles from Economic and Political Weekly. This is the mother book on Indian Economics, everyone, who wants to gather knowledge about Indian Economics, must read this book. Her editorial sections in the book are a must read. I find this book, little difficult, for a newbie, but even then, this is the book, which I recommend. All parts of syllabus are not covered in  Uma Kapila, but it gives you a such a broad knowledge, that you can attempt almost any question. For those parts, which are not directly covered in this book, they should be done from EPW’s articles.

Also, I must say, no book is sufficient. You have to append this book with several articles. In the next cycle, I will take up several articles form Kaushik Basu’s edited Oxford Companion for Indian Economics. 

Should you rely ‘only’ on my Notes? 

If any one says, rely ‘only’ on my notes, run away from him at the fastest speed. UPSC does not owe anything to anyone, it makes questions on its own. These notes are helpful to complete the syllabus, but if you think, that the entire paper will come from these notes, you are mistaken. I will give you an example, I have taught you scenario A and B, but in the paper, they might ask, how A affects B? You have to have your own creativity, your own understanding to cut-across readings and write a beautiful answer. This comes from practice, nobody can help you cram this.

There will be many people in this industry, who will have a nerve to announce, that 100% paper from their notes, I don’t have that. I can only help you, what is humanly possible. I can cover the entire syllabus, teach you from the best possible books, tell you all references, help your doubts, correct your answer scripts and motivate you, when you feel de-motivated. That is all I can do.

Do you have to know Mathematics to do this course?

I wont say yes, but I would say, it will help. No good economics course can be taught without mathematics. I also have used it, although minimally, but wherever, it was definitely required, I have not hesitated from using it. And guys, it is not difficult, it is very simple Class XII Calculus, that too, you don’t have to do completely, but be willing to learn. Always in life, be willing to learn new things. You are going to be a future IES or an IAS officer, you have to learn new things everyday, this mathematics, is so small, compared to everyday challenges, you will have to face, that you can master it (mathematics) in no time. Dont worry, I will teach you some basic concepts, so that, you can understand any good economics book. It is simple, believe me. May be in the real paper, you may get a numerical to solve, dont forget UPSC 2013 and 2014 papers, when some simple numericals were asked. But the entire course is not mathematical !

Details about the course

You can see the demo for the course by clicking on some video links which are provided. Demo of all videos is not provided.

Indian Economic Services : Click here

IAS Economics Optional : Click Here

Test Series : Click Here

 With my best wishes, I wish all of you, best of luck in all your future endeavors. For any other query, please contact me.