How to Prepare for Economy

Economy

Economics is a core subject for the civil services exam as it contributes a significant share in the marks. However, it is also a complex subject to understand. That’s why it requires a solid base during the UPSC exam preparation to understand some core concepts like Banking, Balance of Payments, etc. Many other dynamic areas are added on this base, such as current affairs and many government documents like the Union Budget and Economic survey. It is one of the subjects which requires guidance as it is difficult to grasp. 

For building a strong base, one can refer to 11th and 12th Economics NCERT or PrepSummaries. Then, the learner can go through the Vivek Sir video lectures and video notes to better understand the subject. Vivek Singh sir is well known for lucidly explaining the concepts. 

Value Addition with Current Affairs:

After completing the basics, one should prepare the current affairs. For this, one can go through PrepLadder Monthly Magazines or Prem Sodhani Sir’s Weekly current affairs videos. Along with it, one should also go through the Budget and Economic Survey Analysis by Vivek Singh Sir as well. While going through these documents, one should specifically focus on the schemes given in them as UPSC generally asks questions from these areas. 

Watch a detailed video on Four Sectors of Economy by our DREAM TEAM faculty for Economy, Vivek Singh Sir and ace your UPSC CSE preparation:

Finally, one should attempt the mock tests to identify the weak areas and work on those weak areas. For Mains, one should try to make use of equations, diagrams, charts and cycles while writing answers of economics.

Preparing economics requires one to have proper guidance as concepts are at times very tough to understand. Hence, the role of a good teacher comes out prominently.

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