- Prologue
- L3/P1: Balance of Payment (BoP) & Current Account Deficit
- L3/P2: Rupee Devaluation & Exchange rate regimes
- L3/P3: Capital account Convertibility & Tarapore Committee
- L3/P4: ECB quantitative easing & Greece Anti-Austerity
Prologue
- Sixth lecture was done on 20th February 2015, and uploaded on youtube. Total ~2:30 hours but I’ve split it into four parts.
- PowerPoint of the lecture, available at Mrunal.org/Download
- Medium of instruction- Hindi.
- English version not possible for the moment, because I’m required to teach at this batch, in Hindi/Gujarati only. Besides, same content is available in English-text articles and English PPTs on the site.
L3/P1: Balance of Payment (BoP) & Current Account Deficit
- Brief recap of the previous lectures
- What is balance of payment (BoP)? Definition, methodology.
- How is World’s balance of payment zero?
- How is India’s balance of payment zero? And if so, why did we have a balance of payment crisis in 1991?
- Two components of BoP: current account and capital account
- Components current account balance: visible and invisible part.
- Current Account: Services, income, transfer, gifts donations and remittances
- Concepts: Balance of trade, trade deficit and trade surplus. Major imports and exports of India.
- Calculating current account deficit and current account surplus.
- Difference between FDI and FII
- What is forex reserves? How is it built? What are the components of forex reserves?
http://youtu.be/oEq9VxPKLqI
L3/P2: Rupee Devaluation & Exchange rate regimes
- if $1=50 or $1=60: who decides this exchange rate and how?
- Fixed exchange rate regime: mechanism and limitations.
- Floating exchange rate regime: mechanism limitations.
- Difference between devaluation and depreciation of Rupee
- Difference between revaluation and appreciation of rupee?
- Historic trend of Indian rupee’s fall/weakening against US dollar
- How does devaluation of the currency boost its exports?
- Difference between NEER and REER? How does it help determining whether currency is undervalued or overvalued?
- “Managed” floating extended rate regime.
http://youtu.be/oRaSH1Zd4qQ
L3/P3: capital account convertibility
- What is “convertibility”? Why do we need to impose quantitative restrictions on convertibility between Indian rupee and foreign currency?
- What is “full” current account convertibility?
- What is capital account convertibility? Why does India have “partial” capital account convertibility?
- Under FEMA, What are the quantitative restrictions put on current account and capital account convertibility?
- What is capital account liberalization?
- Features of Liberalized remittance scheme (2004)?
- Arguments in favour and against of capital account convertibility and capital account liberalization.
- How did full capital account convertibility lead to collapse of East Asian economies in 1997?
- Recommendations of S.S.Tarapore Committee and why time not yet ripe for implementation of full capital account convertibility in India.
http://youtu.be/oTmHN3RVeT8
L3/P4: ECB quantitative easing & Greece Anti-Austerity
- Why does European Central bank (ECB) want to begin quantitative easing or Eurozone bond purchase program from March 2015?
- Mechanism of ECB-QE.
- Arguments in favour and against quantitative easing by ECB.
- How does it affect India’s economic interests?
- What is the Greece sovereign debt crisis?
- Why has ECB refused to incorporate Greece Bond purchase in its QE program?
- Why do Greek Leftist party “Syriza” and its leader Alexis Tsipras are pursuing “Anti-austerity” campaign?
- Possible implications if Greece leaves Eurozone?
http://youtu.be/MblO4eTeP3A
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thank u gurudev.
Plse sir provide u r study material in the pdf form. I’m unable to read or download to u r lectures on the online form!!
Tusi great ho pazi
Ag pani aur mrunal bhai se panga nahi
Aur Rajan Bhai ??
Sahi he bhai….Mrunal sir ka koi dusra option hi nahi he..
have you explained GST in your videos.. please reply
all those topics with future budget and economic survey lectures.
Budget and Economic Survey? Wohoo!! You’ve made my day Mrunal sir! Thousands of aspirants are at your mercy, waiting for the relief! And please do write on how to approach the humongous Year Book.
Sir,
I want to know that, is there any chance that upsc will give another attempt to all those students who appeared for prelims in 2011as promised by Jitendra Kumar.
Please clarify the doubt.Thanks.
Certainly! As it was statement given to media and failing to it will ignite another era of protest & dharna pradarshan.
yes Rajbeer it is published on DoPT. click me
Thank you so much…….
can you tell me that studying rc tiwari ,geography of india is good book to start geography topic ??????please suggest experienced players…
thank u very much sir
thank u sir
Tnx g ….explain bahut acche se kiya h very nice tab par bhi na koi exam clear na kar paye toh bahut sad feel hota h some time general cut off very high …but okay . Sir g awesome work.
Sir, can I get SPIPA coaching material .
SPIPA is a sarkaari institute. they don’t have any ‘coaching-material’ of their own.
sir kindly provide pdf lecture also along with youtube lecture.
your are a boon for the student who can not afford geediness of dilliwalah. thanq sir jee…..
Not dilliwalah but yes greediness of coaching centres.
SIR, U R A GOD GIFT FOR THE STUDENTS WHO CAN NOT AFFORD THE GEEDINESS OF DILLIWALAH
mrunal bhai english version
Where is earth’s south magnetic pole…?
Earth’s magnetic south pole is infact the geographic north pole. This is a convention and that is why the north pole of the magnet points towards the geographic north pole (which is magnetic south pole, opposite polarity attract each other)
Dear Mrunal,
The strategy (books, study material) you have recommended for prelims is very useful. Could you please provide some such suggestions for the mains GS papers as well.
at geographical south pole.
You mean both geo &agneticsouth pole on same place?
Thanks.
NO!
Geomagnetic poles are slightly shifted from Geographical Poles.
the Geographical axis is tilted by 9.7 degrees with respect to Geo-magnetic axis.
thank u sir,for your great effort
very nice explain and very use full to all exams, than Q
Dear sir,
Will u upload videos for history ,polity and for mains also….please reply sir i have to prepare accordingly
Sir, you became so discriminatory against non-Hindi students. You have completely stopped publishing anything in English for so long. mrunal.org has no relevance to non-Hindi students anymore.
true.. sir please atleast give subtitles in English :(
thankyou sir for your efforts. you make economics easy…
HI Mrunal Bhai,
Can we get the slides of these classes
Check Downloads section.
sir,
thanku soooo much. i started for preparing economy as per ur guide lines nd ur videos.
i stay in hyd., went for coaching in Brain tree(himayatnagar)…. not evn 1% have been taught der mainly economy..othr subjects wr good.iam not critising the institu e, its totally my opinion ,bcz economy was vry bad der.
so i fully started my prepartn as per ur guide lines., & i thanku sooooo much like i dnt have words to praise U!!
wen ill clear my civils…then defintly 100% its totallly ur credit…i defintly contact u aft im done wd my goal!!
once again i Thanku You soooooooooooooooooooooooooooooo much sir!!!!
i am also from hyd. how is brain tree? s it good? contact me at kanvaspavan@gmail.com
Mrungal, one request : Your YouTube videos requires high speed Internet to watch. So my sincere request is to publish the article in this website (in content form) too so that some players who’re not able to watch those videos can read the material here itself. It would be great effort if you can do so. I know its requires manpower + time + enthusiasm to do the work twice. I hope you would cooperate in this process.
if you download powerpoint, most of the stuff is automatically explained even without looking at the video.
Sir, since the lecture is in Hindi, people like me who don’t understand Hindi are not able to be benefited from it. Can you please give it in English if possible.
thank you sir ji explain very well but some time bas define kar diya kro aap faltu m deep main explain krte ho. thank you.
Dear sir my name is Arvind and I belongs to rural area.Nowadays you posting your notes on you tube but in rural area its difficult to see them because of bad networks. Do something for me and others also.
you can never be sure how much easy or deep UPSC will ask in prelims, mains and interview.
haan ye toh h ….ATB
download them by putting them on download in night. by morning they will be downloaded. now u can watch whatever times u want. use applications like youtube downloader(ytd) to download.
THANKS SIR JI
Sir kindly provide a link to the same content scattered on this site in form of CLICK ME also it would be very convenient. To some like me reading seems more effective then learning from audio – visual aids…It would be of immense help sir
Mrunal please update georgraphy slides of oceanography,as in present lecture some slides are added which i could not find in slides given by ur link
So please upload slide through which mam is teaching
sir pleas upload video of history csat sub