Note: Please scroll to the bottom of this article to download my notes for Economics Paper 2.
Why this optional?
Since last two-three years, UPSC seems to be awarding economics well and it is no longer considered to be a ‘low-scoring’ optional. The subject is technical in comparison to the other mainstream optionals but is equally (or rather more?) relevant in current times. All said and done, the input output ratio of this optional is positively correlated and it is unlikely that if you have done the paper well that you will get low marks.
Who should go for this optional?
I would strongly recommend students who have studied economics at graduation and/or post-graduation level to consider it as an optional for this exam. The level of questions is equivalent to BA Economics (Honours) course. Management students shall also not find it too difficult if they are interested in the subject and have studied basic Economics as part of their curriculum. Students from engineering background can also consider Economics as an optional but their learning curve might not be steep.