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Non Vocational Teacher Economics Syllabus 2023, Download PDF

Non Vocational Teacher Economics Syllabus: Kerala Public Service Commission has published Non Vocational Teacher Economics Syllabus on its official website. If you have applied for the Non Vocational Teacher in Economics post and would like to know the detailed syllabus, your search ends here. To crack the exam, one needs to have a clear understanding of the syllabus, therefore read through Non Vocational Teacher Economics Syllabus to broaden your perspective. You can also download Non Vocational Teacher Economics PSC Syllabus in PDF format.

Non Vocational Teacher Economics Syllabus 2023

Non Vocational Teacher Economics Syllabus 2023: പരീക്ഷയ്ക്കുള്ള തയ്യാറെടുപ്പുകൾ ആരംഭിക്കാൻ  സമയമായി. പരീക്ഷയിൽ വിജയിക്കുന്നതിന്, സിലബസിനെക്കുറിച്ച് വ്യക്തമായ ധാരണ ഉണ്ടായിരിക്കണം, അതിനാൽ കേരള PSC നോൺ വൊക്കേഷണൽ ടീച്ചർ എക്കണോമിക്സ് സിലബസ് 2023 വിശദമായി വായിച്ച് മനസിലാക്കുക. നിങ്ങൾക്ക് Non Vocational Teacher Economics Syllabus PDF രൂപത്തിൽ ഡൗൺലോഡ് ചെയ്യാവുന്നതാണ്.

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Kerala PSC Non Vocational Teacher Economics Syllabus: Overview

ചുവടെ നൽകിയിരിക്കുന്ന പട്ടികയിൽ Kerala PSC Non Vocational Teacher Economics Syllabus സംബന്ധമായ എല്ലാ പ്രധാനപ്പെട്ട വിവരങ്ങളും ലഭിക്കും.

Kerala PSC Non Vocational Teacher Economics Syllabus
Organization Kerala Public Service Commission
Category Exam Syllabus
Department Kerala Vocation Higher Secondary Education
Name of the Post Non Vocational Teacher in Economics
Category No. 590/2022
Last Date to Submit Confirmation 23rd March to 11th April 2023
Mode of Examination ONLINE/ OMR
Medium of Questions English
Total Marks 100
Duration of Examination 1 Hour 30 Minutes
Official Website

Kerala PSC Non Vocational Teacher Economics Exam Pattern

കേരള PSC നോൺ വൊക്കേഷണൽ ടീച്ചർ എക്കണോമിക്സ് പരീക്ഷയുടെ വിശാലമായ പരീക്ഷ പാറ്റേൺ ഇതാണ്:

  • ഒബ്ജക്ടീവ് അടിസ്ഥാനത്തിലുള്ള പരീക്ഷയാണിത്.
  • ആകെ 1.30 മണിക്കൂറാണ് പരീക്ഷാ ദൈർഘ്യം.
  • ആകെ മാർക്ക് 100.
  • ഓരോ ശരിയായ ഉത്തരത്തിനും 1 മാർക്ക് നൽകും.
  • ഓരോ തെറ്റായ ഉത്തരത്തിനും 1/3 മാർക്ക് കുറയ്ക്കുന്നു.


Non Vocational Teacher Economics Exam Pattern
Parts Topics Marks
Part I Economics 70 Marks
Part II Teaching Aptitude, Research Methodology 10 Marks
Part III Salient Features Of the Indian Constitution, Social Welfare Legislations and Programmes 10 Marks
Part IV Renaissance in Kerala, General Knowledge, and Current Affairs 10 Marks

Non Vocational Teacher Economics Syllabus PDF Download

Non Vocational Teacher Economics Syllabus PDF ഡൗൺലോഡ് ചെയ്യാൻ, താഴെ നൽകിയിരിക്കുന്ന ലിങ്കിൽ ക്ലിക്ക് ചെയ്യുക.

 Non Vocational Teacher Economics Syllabus PDF Download  

Non Vocational Teacher Economics Syllabus

PART I – Economics

Module I – MICRO Economics (10 Marks)

  • Recent Development in Demand Theory: Pragmatic approach to demand analysis-Constant Elasticity demand function-distributed lagged models of demand-Nerlov’s model-Houthakker’s and Taylor’s model-Linear expenditure system-Inter temporal choice.
  • Consumer Behaviour under Uncertainty and Risk: Measuring risk-risk lover-risk aversion-risk neutrality-St.Petersburg paradox-Neuman-Morgenstern utility Index-Friedman-Savage, Hypothesis-trade off between risk and return-the investor’s choice problem-the household portfolio decisions of uncertainty-the state preference theory-Bandwagon effect-Snob and Veblen effect-Cob-Web theorem.
  • Theory of Production and Costs: Short run and Long run production function-Homogeneous production function-Linear homogeneous production function and CES production function-technological progress and production function-labour deepening, capital deepening and neutral technical progress-Cost function-cost minimizing input choices-properties of cost function-Economies of Scale-Learning Curve.
  • Market Structure: Perfect and Imperfect Market-Perfect Competition-Monopoly-Monopolistic Competition-Collusive & non–collusive models-Oligopoly-with homogeneous product and with non-homogeneous product-Chamberlin’s, Sweezy’s Kinked Models-Bertrand’s-Cournot-Stackel-berg’s models-Duopoly.
  • Theory of Games-Strategies-Zero-sum Game and non-Zero-sum Game-Prisoner’s Dilemma-Nash Equilibrium. Game Theory-Applications-Issues in Game Theory.
  • Information Economics: Asymmetric Information-The market for Lemons-The Principal Agent Problem-Moral Hazard-Adverse Selection-Screening and Market Signalling
  • Theory of Distribution, General Equilibrium, and Welfare Economics
  • Theory of Distribution: Neoclassical approach to distribution- Marginal productivity theory: Product exhaustion theorem: Euler’s theorem and the ‘adding up’ controversy – Clark- Wicksteed-Walras product exhaustion theorem – Keynesian or Neo Keynesian theories of distribution or Alternative distribution theories: Kaldor- a modified model of Pasinetti –Alternative widow’s cruse models- Classical theory of distribution-The Ricardian model – Marxian theory –Modern theory of distribution or post-Keynesian theory of distribution-‘degree of monopoly’ by Kalecki – theories of wage- theories of interest- theories of profit.

Module II – General Equilibrium (10 Marks)

  • Interdependence in the economy – partial and general equilibrium – Walrasian general equilibrium –two-factor, two-commodity, two-consumer general equilibrium model. – existence, uniqueness, and stability of general equilibrium – Brouwer’s fixed point theorem.
  • Welfare economics: Criteria of old social welfare economics-growth criteria-cardinalist criteria-Bentham’s criteria- Pareto optimality- New welfare economics-Kaldor –Hicks compensation criteria-Scitovsky criteria-social welfare function- Bergson-Samuelson-Arrows impossibility theorem-Pigouvian welfare economics-point of bliss-theory of the second best-Rawlsian concept of the justice-Coase theorem.
  • Marginalist Controversy and Managerial and Behavioural Theories of the Firm: Hall & Hitch-Full Cost Pricing-Gordon’s attack on Managerialism-Bain’s Limit Pricing –Sylos Labini’s Limit Pricing-Baumol’s theory-Marris’ model-Williamson’s-Cyert and March’s behavioural model.

Module III – MACRO Economics (10 Marks)

  • Aggregate Demand Consumption Function: Keynes’ Psychological law-Absolute & Relative Income Hypothesis- Kuznet’s consumption puzzle-Fisher’s Inter-temporal choice model-Permanent Income hypothesis-Life cycle hypothesis-Investment Function-MEC & MEI-Neo-Classical Theory of Investment-Tobin’s q- ratio-Modigliani-Miller theory-classical approach to the demand for money-Quantity theory –Fisher’s equation, Cambridge Quantity theory-Keyne’s liquidity Preference approach-Post Keynesian approaches to demand for money-Friedman’s restatement of the Quantity Theory of money-approaches of Baumol and Tobin supply of money-Money multiplier process-Behavioural and endogenous money supply model –Fisher effect.
  • Macro Economics in an Open Economy: ISLM Analysis in an open economy – Foreign Exchange Market – Determination of Exchange Rates: Fixed Vs Flexible – Pegging of the currency – Balance of Payment/ Accounts – Disequilibrium in BOP – Depreciation, Appreciation, Revaluation, Devaluation, J-curve Effect – BOP in Keynesian Analysis – Exchange Rates – Money and Capital Flows in an Open Economy – Mundell Fleming- Keynesian Model – Monetary and Elasticity. Approach to Balance of Payments

Classical versus Keynesian Approach

  • Classical: Labour market-Employment and output-Say’s Law-interest rate-neutrality of money and classical Dichotomy. Keynesian Fixed Price Models-Keynesian Cross model-Liquidity Trap-fiscal and monetary Policies- Crowding out Effect Labour Market: Classical versus Keynes- Keynes Effect and Real Balance Effect. Inflation –Types-causes-inflationary gap-Demand pull and Cost-push inflation-Phillips curve-Lipsesy’s excess demand model-The Samuelson-Solow modification of the Phillips curve-Tobin’s views on Phillips curve-strategies to control inflation and deflation-Neo-Keynesian Analysis((Disequilibrium model): Walrasian Vs. Keynesian Models. Effective Demand and National Demand-Incompatibility of Walras Law and Neoclassical Synthesis of Keynes’s General theory-Disequilibrium models of Robert Clower-Leijonhufvud’s, Barro-Grossman and Malinvaud.

Module IV – Current Controversies in Macro Economics (10 Marks)

  • Keynesian Counterrevolution – Dual Decision Hypothesis, Walrasian General Equilibrium – Neo-Keynesian Quantity Constrained Model – Rational Expectations – New Classical Macro Economics – Supply-side Economics – Business cycles- measurement- endogenous theories (Hicks, Goodwin,
    Kaldor)- exogenous theories- Real Business Cycle Approach – financial cycles (Minsky)- growth cycles-New Keynesian Economics.
  • Macro Economic Policy: Objectives of Macro-Economic Policies – Target Variable and Instrument variable –Main Policy Instrument – Monetary Policy Vs Fiscal Policy- Okun’s Law – Budget Deficit – debt dynamics-Domar instability condition- Ricardian equivalence monetarization of the debt- contemporary macroeconomic debates in India and the world- Crowding out Effect and Government Budget – Income Policy – Stabilisation Policy – New Cambridge Approach.

Theory of Demand and Supply of Money:

  • Classical and Keynesian Approach to demand for and supply of money – Post Keynesian Approach – Real Balance Effect – Pigou, Patinkin, Baumol, Friedman, and Tobin – Arrow-Debreu model- overlapping generation model of Samuelson- cash in advance model of Clower-Monetarism and Fiscalism – Money supply in an open economy – High Powered Money – Money Multiplier – Control of Money supply – Behavioural Model of Money supply – Endogenous Money supply theory.

Module V – Indian Economy (10 Marks)

  • Performance since Independence, across Crops and Zones-Institutional Structure – Land Reforms–Farm Size and Productivity- Agriculture Inputs-Technological Change in Agriculture –Sustenance of Agriculture Growth, – Green Revolution-Agriculture Finance, Credit, Role of Co-operatives, Agriculture
    Marketing, Pricing – WTO, Impact on Agriculture- Agrarian Crisis- Food Security, New Agriculture. Policy-Growth and Pattern of Industrial Development- Industrial Stagnation, Old and New, Debates-Trends in Industrial Productivity—Industrial Financing -Industrial Policies – Privatization and Disinvestment- Cottage and Small Scale – Globalisation and Technology Transfer- SEZ –ICT based Industrial development strategies=Sources of Service Sector Growth- Infrastructure, Physical and Social, Status and Policies –Transport – Energy – Telecommunication – Technology– Information Technology – Research and Development- – Health and Education.

Module VI – Fiscal, Financial, and External Sector/ Issues (10 Marks)

  • Fiscal Deficit, Trend and Significance- Fiscal Policies- Critical Appreciation – Central- state Fiscal Relationships, Thirteenth Finance Commission, Major Recommendations -Recent Budgets (2 to 3 years)- Parallel Economy-– Financial System, Banking and Insurance – Capital markets -Critical Appraisal of
    Monetary and Financial Sector Reforms – Financial Inclusion- Analysis of Price Behavior, Inflationary Trends- Petroleum Product Pricing- Structure and Direction of India‘s Foreign Trade- Balance of Payments, Post 90 Trends- Exchange Rates, Trends – Policies-India and WTO-EXIM Policy-FII &FDI IN
    India-role of MNCs.
  • Economic Planning in India Planning and economic development-Objectives of planning-Techniques of planning -Achievements of planning- Bottom-up and Step down approaches in planning- Evaluation of Five Year Plans-NITI Aayog and its Vision Documents- Welfare programmes announced in the last two Union Budgets.
  • Economic Reforms Since 1991 -Background of economic reforms- Washington Consensus-Industrial policy reforms- Trade policy reforms- Fiscal policy reforms- Financial sector reforms-Foreign investment policy reforms- Second generation economic reforms-An appraisal of India’s economic reforms- Post reform Infrastructure Investment Models-PPP- Cooperative federalism with special reference to GST.
  • A profile of Kerala’s Economy since its formation –Model of Development –Structural changes in Kerala Economy – Demographic changes – ageing – health – migration –poverty unemployment-transformation in labour culture –migrant labour in Kerala, social security of labour -Emerging issues– policies- land reforms -formation of SEZs–Kerala &WTO – Fisheries and Plantation sectors-land market in Kerala–People’s plan – the role of Panchayat Raj – ICT and development-tourism-women empowerment-role of micro finance-Privatization and human capital formation- Kerala’s higher education- Environment Degradation- Fiscal Crisis.

Module VII – Quantitative Methods (10 Marks)

  • The measure of Central Tendency: Mean-Median-Mode-HM- GM-Weighted HM -weighted GM-Disperson-Range-QD-MD-SD- Skewness & Kurtosis, Correlation-Simple Linear Regression. Analysis –Multiple regression analysis.
  • Linear Algebra Different types of functions and their graphs, Constant Linear, Quadratic, Cubic, Polynomial, Exponential and logarithmic functions. Applications of linear functions in Economics-Vectors and Matrices, determinants, solution of a system of equations – Inverse method and Crammer’s rule- Rank of matrix-characteristic equations and characteristic roots and vectors.
  • Probability theory- Concept of Probability- Different approaches of Probability: Classical, Empirical and Axiomatic approaches- Theorems of Probability: Addition and Multiplication Theorem-Conditional Probability –Bayes’ theorem- Random variables and Probability distribution, Mathematical expectation- Probability Distributions: Discrete and Continuous Distributions: Binomial, Poisson, Multinomial, Negative Binomial, Lognormal, Pareto and Normal distributions-properties and applications.
  • Population and Sample-sampling and sample designs-theoretical basis of sampling-methods of sampling- Parameter and Statistic–Measurement and Scaling techniques- Sampling Distribution and Standard Error-Central limit theorem-Distribution of the Sample mean, Student’s t, Z, χ2 and F distributions- Theory of Estimation: Point estimation and Interval estimation-Properties of good estimator-Testing of hypothesis- Null and alternative hypothesis- Type I and Type II errors – Critical region –Level of significance-Power of test – Procedure of testing of hypothesis- χ2, Test of goodness of fit, χ2 test for independence – Tests of significance for attributes –Tests of significance for large samples and small samples – Analysis of Variance techniques- F test and ANOVA –One-way and Two-way classification.
  • Analysis of Variance- Meaning, assumptions-One-way classification, and Two-way classifications, simple applications. Allocation models – Linear Programming problem – formulation of LPP, Solution of LPP using Graphical and simplex method. Big M Method for solving LPP involving surplus variables – Duality in LPP its properties and its interpretation – shadow prices.

PART II – Research Methodology and Teaching Aptitude

I. Teaching Aptitude (5 Marks)

  •  Teaching: Nature, objectives, characteristics, and basic requirements;
  •  Learner’s characteristics;
  •  Factors affecting teaching;
  •  Methods of teaching;
  •  Teaching aids;
  •  Evaluation systems.

II. Research Aptitude (5 Marks) 

  •  Research: Meaning, Characteristics, and Types;
  •  Steps of research;
  •  Methods of research;
  •  Research Ethics;
  •  Paper, article, workshop, seminar, conference, and symposium;
  •  Thesis writing: its characteristics and format.


Salient Features of the Indian Constitution (5 Marks)

  • Salient features of the Constitution – Preamble- Its significance and its place in the interpretation of the Constitution.
  • Fundamental Rights – Directive Principles of State Policy – Relation between Fundamental Rights and Directive Principles – Fundamental Duties.
  • Executive – Legislature – Judiciary – Both at Union and State Levels. – Other Constitutional Authorities.
  • Centre-State Relations – Legislative – Administrative and Financial.
    Services under the Union and the States.
  • Emergency Provisions.
  • Amendment Provisions of the Constitution.

Social Welfare Legislations and Programmes

  • Social Service Legislations like the Right to Information Act, Prevention of Atrocities against Women & Children, Food Security Act, Environmental Acts, etc., and Social Welfare Programmes like the Employment Guarantee Programme, Organ and Blood Donation, etc.




  • Introduction to English education – various missionary organizations and their functioning- the founding of educational institutions, factories, printing press, etc.


  • (A) Socio-Religious Reform Movements
    SNDP Yogam, Nair Service Society, Yogakshema Sabha, Sadhu Jana Paripalana Sangham, Vaala Samudaya Parishkarani Sabha, Samathwa Samajam, Islam Dharma Paripalana Sangham, Prathyaksha Raksha Daiva Sabha, Sahodara Prasthanam, etc.
  • (B) Struggles and Social Revolts
    Upper cloth revolts. Channar agitation, Vaikom Sathyagraha, Guruvayoor Sathyagraha, Paliyam Sathyagraha. Kuttamkulam Sathyagraha, Temple Entry Proclamation, Temple Entry Act. Malyalee Memorial, Ezhava Memorial, etc.
  • Malabar riots, Civil Disobedience Movement, Abstention movement, etc.


  • Malayalee, Swadeshabhimani, Vivekodayam, Mithavadi, Swaraj, Malayala Manorama, Bhashaposhini, Mathnubhoomi, Kerala Kaumudi, Samadarsi, Kesari, AI-Ameen, Prabhatham, Yukthivadi, etc


  • Novel, Drama, Poetry, Purogamana Sahithya Prasthanam, Nataka Prashtanam, Library movement, etc


  • Parvathi Nenmenimangalam, Arya Pallam, A V Kuttimalu Amma, Lalitha Prabhu.Akkamma Cheriyan, Anna Chandi, Lalithambika Antharjanam and others


  • Thycaud Ayya Vaikundar, Sree Narayana Guru, Ayyan Kali.Chattampi Swamikal, Brahmananda Sivayogi, Vagbhadananda, Poikayil Yohannan(Kumara Guru) Dr Palpu, Palakkunnath Abraham Malpan, Mampuram Thangal, Sahodaran Ayyappan, Pandit K P Karuppan, Pampadi John Joseph, Mannathu Padmanabhan, V T Bhattathirippad, Vakkom Abdul Khadar Maulavi, Makthi Thangal, Blessed Elias Kuriakose Chaavra, Barrister G P Pillai, TK Madhavan, Moorkoth Kumaran, C. Krishnan, K P Kesava Menon, Dr Ayyathan Gopalan, C V Kunjuraman, Kuroor Neelakantan Namboothiripad, Velukkutty Arayan, K P Vellon, P K Chathan Master, K Kelappan, P. Krishna Pillai, A K Gopalan, T R Krishnaswami Iyer, C Kesavan. Swami Ananda Theerthan, M C Joseph, Kuttippuzha Krishnapillai, and others


  • Kodungallur Kunhikkuttan Thampuran, Kerala Varma Valiyakoyi Thampuran, Kandathil Varghese C Mappila. Kumaran Asan, Vallathol Narayana Menon, Ulloor S Parameswara Iyer, G Sankara Kurup, Changampuzha Krishna Pillai, Chandu Menon, Vaikom Muhammad Basheer. Kesav Dev, Thakazhi, Sivasankara Pillai, Ponkunnam Varky, S K Pottakkad and others



  • General Knowledge and Current Affairs
Kerala PSC Non Vocational Teacher English Syllabus Kerala PSC Non Vocational Teacher Chemistry Syllabus
Kerala PSC Non Vocational Teacher Commerce Syllabus Kerala PSC Non Vocational Teacher Physics Syllabus


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Is there any negative marking in Non Vocational Teacher Economics Exam?

Yes, there is a negative marking of 0.33 marks.