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Economics by Axiom IAS Mahesh Lalwani Optional - Printed Notes

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  • Language:English
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Mahesh Lalwani one of the best faculty for Economics optional for UPSC. He is director of Axiom IAS Coaching in Delhi. Notesindia.in one of the best website for Economics optional study material of Lalwani Sir.

This is printed notes covered in 4 booklets.This material all topics covered accordingly UPSC syllabus detail is below:


  1. Economic growth is historical perspective : What role do capital, Labor and Technology play?
  2. Classic theories of Development
  3. Neoclassical counterrevolution and Solow’s exogenous growth model
  4. Contemporary models of development and underdevelopment
  5. Poverty, Inequality, and Development
  6. Urbanization, Rural-Urban Migration and Emergence of Informal Sector
  7. Trade Theory and Development
  8. Balance of payments, Developing-Country Debt, and The Macroeconomic Stabilization Controversy


  1. Macroeconomics
  2. Classical Macroeconomics
  3. The Keynesian income and Employment Determination model
  4. The Keynesian system in LS-LM Framework : Understanding money interest and income inter-relationship
  5. Monetary and fiscal policy effects in the LS-LM model
  6. Consumption Function
  7. Business Cycles


  1. Money : Its Definition, Measurement and Components
  2. Money, Credit and the Financial system
  3. Quantity Theory of Money as the Theory of income and theory of price
  4. The demand for money
  5. Theory of money supply
  6. The supply of credit and its allocation
  7. The monetary policy instruments
  8. Monetary policy


  1. Public provision for social goods
  2. Equity in distribution
  3. Introduction to taxation
  4. Approaches to tax equity
  5. Development Finance
  6. Externalities, public goods and government intervention
  7. Excess burden and efficient tax design
  8. Taxation effects on capacity output : A supply side perspective
  9. Taxation & efficiency
  10. Efficient and equitable taxation
  11. Taxation and income
  12. Taxation and income distribution