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RPSC Assistant Professor (Economics) Syllabus 2026, Exam Pattern
RPSC Assistant Professor Economics Syllabus 2026, Exam Pattern, Exam Date 2026
Detail Information about RPSC has published notification 2026 for the recruitment of Assistant Professor (Economics) vacancies. Those Candidates who are Interested to the following vacancy and completed all Eligibility Criteria can read the Notification & Apply Online. In this page we provide the Complete Syllabus of this Recruitment with Latest Update Exam Pattern and the Exam Date also.
RPSC Assistant Professor (Economics) Syllabus 2026
Concerned Subject: Paper I (Economics) :
UNIT - I: Microeconomics
Consumer Behaviour- Cardinal utility analysis, Nature of utility functions, Demand theory: Market Demand Curve, Elasticity of demand, ordinary and compensated demand curves, Network externalities- Bandwagon, Snob and Veblen effect. Indifference curve analysis, Goods, bads and neutrals. Normal, inferior and Giffen goods, Consumer's Price effect, income and substitution effects, Slutsky theorem. Analysis of consumer behavior under risk and uncertainty, Asymmetric information. Behavioral Economics.
Law of Variable Proportions, Isoquant, Ridge lines. Optimum factor combination, Expansion path, Short run and long run production functions, Cost functions and Curves. Cost concepts and cost curves. Short run and long run cost curves. Modern theory of cost. Elasticity of substitution. Euler's theorem. Production function Cobb Douglas and CES, Technical progress, Economies of scale and Learning curve analysis.
Determination of price and output under different market structures. Factor pricing analysis. Peak load pricing. Game theory: Cooperative and non-cooperative games, Sequential games, Dominant strategy and Nash Equilibrium. Welfare economics - Pareto optimality, Market failure and externalities, New welfare economics, Social Welfare Function, First and Second Theorem of Welfare economics, Theory of second best. Arrow's Impossibility Theorem.
UNIT - II :Macroeconomics
National income - concepts and measurement, flaws in conventional system of National Income Accounts, Latest changes in national income accounts in India. Green Accounting, Consumption hypotheses - absolute, relative, life-cycle and permanent income hypotheses. Classical, Keynesian and Post- Keynesian theories of determination of income and output. Phillips curve Controversy, Post Keynesian Theories of demand for Money: Baumol, Tobin, Friedman, Patinkin and Real balance effect. Investment function: Neoclassical theory, Accelerator theory, Tobin’s Q theory.
Money supply and high powered money. Money Multiplier The IS-LM model, the relative effectiveness of monetary and fiscal policies. Ricardian Equivalence. Natural Rate of Unemployment- Adaptive Expectation. Trade Cycle Theories: Multiplier- Accelerator Interaction model, Kaldor model. Mundell -Fleming model. Monetarism: Monetarist-Fiscalist debate on Policy Activism. New classical approach to macro economics. Real Business Cycles, New Keynesian Macroeconomics- Sticky Price (Menu Cost) Model, Efficiency Wage Hypothesis.
UNIT-III: Economic Growth and Development
Economic development and growth. Climate change. Measurement and indicators of development: PQLI, HDI, HPI and GDI. Entitlement and capability approach. Growth-Distribution Trade-offs. Measurement of inequality- Lorenz curve and Gini Coefficient. Development and Growth models: Lewis, Fei-Ranis, Harrod-Domar, Solow, Kaldor. Endogeneous Growth, Uzawa-Lucas Model. Golden Rule of Capital Accumulation. Technological progress- Embodied and disembodied, Technical progress- Hicks and Harrod, Learning by doing. Cambridge criticism of Neo-classical Analysis of Growth. Economic function of market and state: Market failure and government failure. Project evaluation and Cost-benefit analysis. Theory of Environment Regulation: Political Economy Model of Regulation, Pigovian taxes; Subsidies for Abatement of pollution, Property Rights and the Coasian Approach: bargain Solution. Quantitative regulation: Command and Control- Standard setting; Tradable pollution permits. Methods of environment valuation: Hedonic pricing, Contingent valuation and Travel cost method.
Substainable Development goals and their governance. Role of Multilateral Development Bodies, Causes and impact of Global financial crisis of 2008 and Euro Zone crisis.
Concerned Subject: Paper II (Economics) :
UNIT - I: Indian Economy
Economic Growth in India : Pattern and structure. Problems of Indian economy - poverty, unemployment, Inflation, regional disparities. Characteristics of Indian Population and Population Policy. Food security in India. Inclusive growth. Agriculture development and policies. Agriculture Credit in India: Kisan Credit Card, Micro Finance Programme- SHG and Bank Linkage Programme. National Agricultural Insurance Scheme. Industrial development and policies. Service Sector Growth. Economic Reforms in India, Financial sector reforms. RBI and monetary policy. Demonetization, Impact of covid-19 on Indian Economy. Global Economic recession and its impact on Indian economy. Foreign trade: Trends, Composition and Direction, India's Balance of Payment position in recent years, WTO: issues and its impacts on Indian economy. Evolution of Niti Aayog. Major flagship programmes of Indian Government.
Migration- policy issues, Globalization and trade policy.
Rural development programmes, Bilateral Trade agreement and their implications on India.
UNIT - II : Quantitative Techniques
Diagrammatical, Graphical & tabular representation of data, Measures of Central tendency, Dispersion, Skewness and Kurtosis, Simple Correlation, Partial and Multiple co-relation, Time Series. Components of Time Series, Regression Analysis, Probability- definition, theorems of addition and multiplication, conditional probability, Bayes Theorem. Binomial, Poisson and Normal distributions. Sampling techniques. Estimation: properties of good estimator, Point and Interval estimation, Types of errors, Level of significance and power of test.
Hypothesis testing- Z, t, chi-square and F tests. Association of attributes, Analysis of Variance.
Matrices, Determinants, Differentiation, Simple and partial differentiation Integration- their applications in Economics. Indefinite and definite integration, Unconstrained and constrained optimization. Linear Programming, Game Theory, Input-Output analysis.
UNIT - III : Public Economics and International Economics
Social, merit, mixed, club goods. Public expenditure- Wiseman-Peacock hypothesis, Leviathan Hypothesis, Niskanen Model, Public- Choice Theory, Public revenue - principle, effects. Taxation: incidence, impact and effects of taxation. Problem of double taxation. Elasticity and buoyancy of taxes. Problem of Tax Evasion and Parallel Economy in India. Tax reforms, GST and its implication for India. Issues of subsidies in India. Public debt -sources, burden, effects and its management. Centre-State financial relations, Fiscal policy: Neutral, Compensatory, and Functional Finance. Public Enterprises and Public Utilities. Concept of budget deficits.
Theories of international trade- comparative cost, opportunity costs. Heckscher-Ohlin theory, Factor Price Equalization Theorem. Terms of trade. Balance of payments
Paper III: General Studies of Rajasthan :
History, Art, Culture, Literature and Heritage of Rajasthan :
1. Ancient Civilizations of Rajasthan with special reference to Mesolithic (Late Stone Age) sites in Rajasthan i.e. Nimbahera, Bagor and Mandia
2. Major dynasties of Rajasthan and its rulers through the Ages and their cultural achievements (1000-1800 A.D.)
3. Political resistance of Rajput Rulers against Muslim Power
Special reference to Rattan Singh, Hammir, Kanhad dev and Maldev, Chandrasen and Pratap
4. (i) Bhakti Movement and Sufism in Medieval Rajasthan special reference to Mira, Dadu and Khawaja Moin-ud-din Chishty
Saints: Special emphasis to be paid to teachings of Ramdevji, Gogaji, Tejaji, Pabuji, Mallinath, Dhanna, Pipa, Haridas, Raidas, Jasnath and Sects
(ii) Folk Gods and Goddesses
5. Political Awakening and Freedom Movement in Rajasthan: 1857, Peasant and Tribal Movements, Prajamandal Movements, Contribution of Women in Social and Political awakening
6. (i) Folk Culture: Fairs and Festivals, Different Schools of Painting, Folk Tales and Gathas, Folk Songs, Folk Dances, Folk Music and Instruments
(ii) Dress and Ornaments, Handicrafts
7. Rajasthani Language: Origin and Development
8. Main Dialects and Region
9. Rajasthani Scripts: Mudia and Devnagari
10. (a) Rajasthani Literature: Its Evolution
(i) Early Period
(ii) Pre-Medieval Period
(iii) Post- Medieval Period
(iv) Modern Period
(b) Famous Writers and their Works
11. Tourism and Rajasthan: Heritage, Tourism Policy and Vision
Geography of Rajasthan :
1. Physiographic Regions, Rivers and Lakes
2. Climate, Natural Vegetation, Soil, Minerals and Energy Resources – Renewable and Non-renewable
3. Population – Characteristics, Livestock, Biodiversity and its Conservation
4. Production and Distribution of Major Crops, Major Irrigation Projects, Major Industries
5. Drought and Famines, Desertification, Environmental Problems, Disaster Management and Pandemics
Political and Administrative System of Rajasthan :
1. Governor, Chief Minister and Council of Ministers
2. State Legislative Assembly, High Court and Judicial System of Rajasthan
3. Rajasthan Public Service Commission, State Election Commission, State Finance Commission, State Human Rights Commission, State Commission for Women, State Information Commission, Lokayukta and Auditor General
4. Chief Secretary, Government Secretariat, Chief Minister’s Office (CMO), Divisional Commissioner, District Administration, Institutions of Panchayati Raj and Urban Local- Self Government
5. Government Policies and Right based Citizenship: Right to Information, Guaranteed Delivery of Public Services, Citizen's Charters, Social Audit, Jan Soochna Portal, Rajasthan Sampark Portal etc
Economy of Rajasthan :
1. Characteristics of state economy
2. Occupational Distribution
3. Compositional trend of State Domestic Product
4. Major Sectoral Issues
(i) Agricultural Sector: Characteristics of agricultural sector in Rajasthan
Major Rabi and Kharif crops with special reference to oil seeds and spices. Irrigated area and trends, Problems of migrant workers and their rehabilitation. Agricultural credit
(ii) Livestock: Trends in livestock population. Milk production in Rajasthan
(iii) Industrial Outlook: Major industries of Rajasthan. Constraints to development of industries. MSMEs in Rajasthan. Roles and problem of small industries. Industrial sickness. Major state public sector enterprises SEZ in Rajasthan. Role of RIICO and RFC. Agro-Processing Policy (2020)
(iv) Service Sector: Primary education, Development in recent years. Health programmes of state government. Mid-Day Meal Programme Indira Rasoi Yojna
(v) Infrastructure Development: Progress in national highways, state highways and village roads. Power: Progress in power generation. Recent progress in solar power projects
(vi) Handicrafts of Rajasthan
(vii) Major items of exports from Rajasthan
(viii) Major welfare schemes of state government for economically and socially backward classes, disabled people, old-aged people. Steps taken for women empowerment and child development.
(ix) Regional economic inequalities in Rajasthan
Contemporary Events
1. Major Contemporary Events and Issues of Rajasthan
2. Persons and Places in News
3. Sports and Games
RPSC Assistant Professor (Economics) Exam Pattern 2026
Negative Marking : 0.33
RPSC Assistant Professor Syllabus 2026 : Overview
| Organization Name | Rajasthan Public Service Commission |
| Post Name | Assistant Professor (Economics) |
| No.of Posts | Notified Soon |
| Mode of Application | Online |
| Category | Syllabus and Exam Pattern |
| Job Location | Rajasthan |
| Official Website | rpsc.rajasthan.gov.in |
RPSC Assistant Professor (Economics) Syllabus 2026
Concerned Subject: Paper I (Economics) :
UNIT - I: Microeconomics
Consumer Behaviour- Cardinal utility analysis, Nature of utility functions, Demand theory: Market Demand Curve, Elasticity of demand, ordinary and compensated demand curves, Network externalities- Bandwagon, Snob and Veblen effect. Indifference curve analysis, Goods, bads and neutrals. Normal, inferior and Giffen goods, Consumer's Price effect, income and substitution effects, Slutsky theorem. Analysis of consumer behavior under risk and uncertainty, Asymmetric information. Behavioral Economics.
Law of Variable Proportions, Isoquant, Ridge lines. Optimum factor combination, Expansion path, Short run and long run production functions, Cost functions and Curves. Cost concepts and cost curves. Short run and long run cost curves. Modern theory of cost. Elasticity of substitution. Euler's theorem. Production function Cobb Douglas and CES, Technical progress, Economies of scale and Learning curve analysis.
Determination of price and output under different market structures. Factor pricing analysis. Peak load pricing. Game theory: Cooperative and non-cooperative games, Sequential games, Dominant strategy and Nash Equilibrium. Welfare economics - Pareto optimality, Market failure and externalities, New welfare economics, Social Welfare Function, First and Second Theorem of Welfare economics, Theory of second best. Arrow's Impossibility Theorem.
UNIT - II :Macroeconomics
National income - concepts and measurement, flaws in conventional system of National Income Accounts, Latest changes in national income accounts in India. Green Accounting, Consumption hypotheses - absolute, relative, life-cycle and permanent income hypotheses. Classical, Keynesian and Post- Keynesian theories of determination of income and output. Phillips curve Controversy, Post Keynesian Theories of demand for Money: Baumol, Tobin, Friedman, Patinkin and Real balance effect. Investment function: Neoclassical theory, Accelerator theory, Tobin’s Q theory.
Money supply and high powered money. Money Multiplier The IS-LM model, the relative effectiveness of monetary and fiscal policies. Ricardian Equivalence. Natural Rate of Unemployment- Adaptive Expectation. Trade Cycle Theories: Multiplier- Accelerator Interaction model, Kaldor model. Mundell -Fleming model. Monetarism: Monetarist-Fiscalist debate on Policy Activism. New classical approach to macro economics. Real Business Cycles, New Keynesian Macroeconomics- Sticky Price (Menu Cost) Model, Efficiency Wage Hypothesis.
UNIT-III: Economic Growth and Development
Economic development and growth. Climate change. Measurement and indicators of development: PQLI, HDI, HPI and GDI. Entitlement and capability approach. Growth-Distribution Trade-offs. Measurement of inequality- Lorenz curve and Gini Coefficient. Development and Growth models: Lewis, Fei-Ranis, Harrod-Domar, Solow, Kaldor. Endogeneous Growth, Uzawa-Lucas Model. Golden Rule of Capital Accumulation. Technological progress- Embodied and disembodied, Technical progress- Hicks and Harrod, Learning by doing. Cambridge criticism of Neo-classical Analysis of Growth. Economic function of market and state: Market failure and government failure. Project evaluation and Cost-benefit analysis. Theory of Environment Regulation: Political Economy Model of Regulation, Pigovian taxes; Subsidies for Abatement of pollution, Property Rights and the Coasian Approach: bargain Solution. Quantitative regulation: Command and Control- Standard setting; Tradable pollution permits. Methods of environment valuation: Hedonic pricing, Contingent valuation and Travel cost method.
Substainable Development goals and their governance. Role of Multilateral Development Bodies, Causes and impact of Global financial crisis of 2008 and Euro Zone crisis.
Concerned Subject: Paper II (Economics) :
UNIT - I: Indian Economy
Economic Growth in India : Pattern and structure. Problems of Indian economy - poverty, unemployment, Inflation, regional disparities. Characteristics of Indian Population and Population Policy. Food security in India. Inclusive growth. Agriculture development and policies. Agriculture Credit in India: Kisan Credit Card, Micro Finance Programme- SHG and Bank Linkage Programme. National Agricultural Insurance Scheme. Industrial development and policies. Service Sector Growth. Economic Reforms in India, Financial sector reforms. RBI and monetary policy. Demonetization, Impact of covid-19 on Indian Economy. Global Economic recession and its impact on Indian economy. Foreign trade: Trends, Composition and Direction, India's Balance of Payment position in recent years, WTO: issues and its impacts on Indian economy. Evolution of Niti Aayog. Major flagship programmes of Indian Government.
Migration- policy issues, Globalization and trade policy.
Rural development programmes, Bilateral Trade agreement and their implications on India.
UNIT - II : Quantitative Techniques
Diagrammatical, Graphical & tabular representation of data, Measures of Central tendency, Dispersion, Skewness and Kurtosis, Simple Correlation, Partial and Multiple co-relation, Time Series. Components of Time Series, Regression Analysis, Probability- definition, theorems of addition and multiplication, conditional probability, Bayes Theorem. Binomial, Poisson and Normal distributions. Sampling techniques. Estimation: properties of good estimator, Point and Interval estimation, Types of errors, Level of significance and power of test.
Hypothesis testing- Z, t, chi-square and F tests. Association of attributes, Analysis of Variance.
Matrices, Determinants, Differentiation, Simple and partial differentiation Integration- their applications in Economics. Indefinite and definite integration, Unconstrained and constrained optimization. Linear Programming, Game Theory, Input-Output analysis.
UNIT - III : Public Economics and International Economics
Social, merit, mixed, club goods. Public expenditure- Wiseman-Peacock hypothesis, Leviathan Hypothesis, Niskanen Model, Public- Choice Theory, Public revenue - principle, effects. Taxation: incidence, impact and effects of taxation. Problem of double taxation. Elasticity and buoyancy of taxes. Problem of Tax Evasion and Parallel Economy in India. Tax reforms, GST and its implication for India. Issues of subsidies in India. Public debt -sources, burden, effects and its management. Centre-State financial relations, Fiscal policy: Neutral, Compensatory, and Functional Finance. Public Enterprises and Public Utilities. Concept of budget deficits.
Theories of international trade- comparative cost, opportunity costs. Heckscher-Ohlin theory, Factor Price Equalization Theorem. Terms of trade. Balance of payments
Paper III: General Studies of Rajasthan :
History, Art, Culture, Literature and Heritage of Rajasthan :
1. Ancient Civilizations of Rajasthan with special reference to Mesolithic (Late Stone Age) sites in Rajasthan i.e. Nimbahera, Bagor and Mandia
2. Major dynasties of Rajasthan and its rulers through the Ages and their cultural achievements (1000-1800 A.D.)
3. Political resistance of Rajput Rulers against Muslim Power
Special reference to Rattan Singh, Hammir, Kanhad dev and Maldev, Chandrasen and Pratap
4. (i) Bhakti Movement and Sufism in Medieval Rajasthan special reference to Mira, Dadu and Khawaja Moin-ud-din Chishty
Saints: Special emphasis to be paid to teachings of Ramdevji, Gogaji, Tejaji, Pabuji, Mallinath, Dhanna, Pipa, Haridas, Raidas, Jasnath and Sects
(ii) Folk Gods and Goddesses
5. Political Awakening and Freedom Movement in Rajasthan: 1857, Peasant and Tribal Movements, Prajamandal Movements, Contribution of Women in Social and Political awakening
6. (i) Folk Culture: Fairs and Festivals, Different Schools of Painting, Folk Tales and Gathas, Folk Songs, Folk Dances, Folk Music and Instruments
(ii) Dress and Ornaments, Handicrafts
7. Rajasthani Language: Origin and Development
8. Main Dialects and Region
9. Rajasthani Scripts: Mudia and Devnagari
10. (a) Rajasthani Literature: Its Evolution
(i) Early Period
(ii) Pre-Medieval Period
(iii) Post- Medieval Period
(iv) Modern Period
(b) Famous Writers and their Works
11. Tourism and Rajasthan: Heritage, Tourism Policy and Vision
Geography of Rajasthan :
1. Physiographic Regions, Rivers and Lakes
2. Climate, Natural Vegetation, Soil, Minerals and Energy Resources – Renewable and Non-renewable
3. Population – Characteristics, Livestock, Biodiversity and its Conservation
4. Production and Distribution of Major Crops, Major Irrigation Projects, Major Industries
5. Drought and Famines, Desertification, Environmental Problems, Disaster Management and Pandemics
Political and Administrative System of Rajasthan :
1. Governor, Chief Minister and Council of Ministers
2. State Legislative Assembly, High Court and Judicial System of Rajasthan
3. Rajasthan Public Service Commission, State Election Commission, State Finance Commission, State Human Rights Commission, State Commission for Women, State Information Commission, Lokayukta and Auditor General
4. Chief Secretary, Government Secretariat, Chief Minister’s Office (CMO), Divisional Commissioner, District Administration, Institutions of Panchayati Raj and Urban Local- Self Government
5. Government Policies and Right based Citizenship: Right to Information, Guaranteed Delivery of Public Services, Citizen's Charters, Social Audit, Jan Soochna Portal, Rajasthan Sampark Portal etc
Economy of Rajasthan :
1. Characteristics of state economy
2. Occupational Distribution
3. Compositional trend of State Domestic Product
4. Major Sectoral Issues
(i) Agricultural Sector: Characteristics of agricultural sector in Rajasthan
Major Rabi and Kharif crops with special reference to oil seeds and spices. Irrigated area and trends, Problems of migrant workers and their rehabilitation. Agricultural credit
(ii) Livestock: Trends in livestock population. Milk production in Rajasthan
(iii) Industrial Outlook: Major industries of Rajasthan. Constraints to development of industries. MSMEs in Rajasthan. Roles and problem of small industries. Industrial sickness. Major state public sector enterprises SEZ in Rajasthan. Role of RIICO and RFC. Agro-Processing Policy (2020)
(iv) Service Sector: Primary education, Development in recent years. Health programmes of state government. Mid-Day Meal Programme Indira Rasoi Yojna
(v) Infrastructure Development: Progress in national highways, state highways and village roads. Power: Progress in power generation. Recent progress in solar power projects
(vi) Handicrafts of Rajasthan
(vii) Major items of exports from Rajasthan
(viii) Major welfare schemes of state government for economically and socially backward classes, disabled people, old-aged people. Steps taken for women empowerment and child development.
(ix) Regional economic inequalities in Rajasthan
Contemporary Events
1. Major Contemporary Events and Issues of Rajasthan
2. Persons and Places in News
3. Sports and Games
RPSC Assistant Professor (Economics) Exam Pattern 2026
Negative Marking : 0.33
| Paper | Subject | No.of Question | Marks | Duration |
| Paper 1 | Subject concerned with the post (Economics) | 150 | 75 | 3 Hour |
| Paper 2 | Subject concerned with the post (Economics) | 150 | 75 | 3 Hour |
| Paper 3 | General Studies of Rajasthan | 100 | 50 | 2 Hour |
| Total | 400 | 200 | 8 Hour |
Exam Date 2026 : Notified Soon
Starting Date of Application Form : Notified Soon
Last Date of Application Form : Notified Soon
FAQs
Rpsc Assistant Professor (economics) 2026 Exam Syllabus Frequently Asked Questions (FAQ's)
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