HPSC Assistant Professor Economics: Syllabus, Eligibility, Exam Pattern, Books, PYQs & Preparation Guide (2025)

The HPSC Assistant Professor Economics exam is conducted by the Haryana Public Service Commission to recruit Economics faculty for Government Colleges of Haryana. This detailed guide covers the complete syllabus, latest exam pattern, eligibility, high-scoring topics, answer-writing tips, previous year trend analysis, and a 30/60/90-day study plan to help you crack HPSC Assistant Professor Economics 2025.

What is HPSC Assistant Professor Economics?

The HPSC Assistant Professor recruitment is a prestigious exam for teaching positions under the Higher Education Department, Haryana. The Economics post is highly competitive, focusing on deep conceptual understanding, updated Indian & Haryana economy knowledge, and strong teaching aptitude.

• Permanent faculty job in Government Colleges
• Pay Level–10 (₹57,700 – ₹1,82,400)
• UGC-recognized teaching post

This page provides a complete roadmap for candidates searching for HPSC Assistant Professor Economics preparation, syllabus, exam pattern, PYQs, books and strategy.

HPSC Assistant Professor Economics – Exam Pattern (Latest 2025)

After the written exam, shortlisted candidates appear for an interview of 20–25 marks. Economic theory, Indian Economy and Haryana Economy form the core scoring areas.

HPSC Assistant Professor Economics – Syllabus (Complete & Updated)

The HPSC Economics syllabus is based on UGC NET Economics, with special weightage on Indian Economy and Haryana Economy. Below is the unit-wise breakdown.

1. Microeconomics

• Consumer theory: Utility, indifference curves, demand analysis
• Production & cost: Cobb-Douglas, returns to scale, isoquants
• Market structures: Perfect competition, monopoly, oligopoly
• Game theory concepts: Nash equilibrium, dominant strategies
• Welfare economics: Pareto efficiency, market failures

2. Macroeconomics

• National income, multiplier, accelerator
• IS–LM model, AD–AS analysis
• Inflation, unemployment, business cycles
• Open economy macroeconomics: BOP, exchange rates
• Fiscal & monetary policy frameworks

3. Econometrics

• OLS assumptions, Gauss-Markov theorem
• Heteroscedasticity, autocorrelation, multicollinearity
• Time series: AR, MA, ARIMA, unit roots, cointegration
• Panel data: Fixed & random effects

4. Indian Economy

• Economic reforms 1991, GDP trends, sectoral composition
• Poverty, unemployment, inflation measurement
• Agricultural & industrial structure, MSME sector
• Fiscal deficit, FRBM, NITI Aayog reports
• Current economic policies & budget highlights

5. Haryana Economy

• GSDP trends, major sectors, industrial corridors
• Agriculture, irrigation patterns, cropping trends
• Demographics, education, health indicators
• Government schemes, welfare initiatives, budget analysis

6. Mathematical Economics

• Optimization: Lagrange multipliers, constrained maximization
• Linear algebra, matrices, determinants
• Basic calculus for economics

PYQs – Trend Analysis & Solved Examples

HPSC often repeats conceptual questions from Microeconomics, Public Finance and Indian Economy. Practicing PYQs boosts accuracy and enhances exam confidence.

Sample Question (HPSC Economics)

Q. In the long run under perfect competition, economic profit becomes —

A. Zero, because firms enter until all super-normal profits disappear.

Sample Question (Haryana Economy)

Q. Which sector contributes the largest share to Haryana’s GSDP?

A. The services sector.

Create a habit of solving PYQs chapter-wise to identify high-scoring topics and repetitive patterns.

HPSC Assistant Professor Economics – Preparation Strategy

A strategic, structured approach helps you score 70+ in the subject section. Follow this roadmap for result-oriented preparation.

Concept Building Phase (Weeks 1–6)

• Focus on Microeconomics, Macroeconomics & Indian Economy
• Prepare unit-wise handwritten notes
• Practice graphs & numerical questions

Practice Phase (Weeks 7–12)

• Solve topic-wise PYQs of the last 10+ years
• Attempt weekly quizzes and mock tests
• Make an error log and revise weak topics

Revision & Mock Phase (Weeks 13–18)

• Take full-length mocks every 2–3 days
• Revise formula sheets and key graphs
• Strengthen Haryana Economy with updated schemes

30/60/90 Day Study Plan for HPSC Assistant Professor

30-Day Quick Revision Plan

• Revise Micro, Macro, Indian Economy
• Attempt 10–12 mocks
• Revise Haryana Economy weekly

60-Day Balanced Plan

• 1st Month: Concept building + PYQs
• 2nd Month: Mock tests + quick revisions

90-Day Complete Plan

• Days 1–30: Syllabus coverage
• Days 31–60: Practice PYQs + improve weak areas
• Days 61–90: Full mocks + final revision charts

Best Books for HPSC Assistant Professor Economics

• Microeconomics: HL Ahuja, Varian
• Macroeconomics: Mankiw, Dornbusch & Fischer
• Econometrics: Gujarati, Wooldridge
• Indian Economy: Mishra & Puri, Economic Survey
• Haryana Economy: Haryana Economic Survey, Government Reports

Use a combination of textbooks + government reports for best results.

High-Weightage Topics for HPSC Economics

• Consumer & Producer theory
• Oligopoly & Game theory
• IS–LM, AD–AS, inflation & unemployment
• Fiscal policy, monetary policy
• Indian Economy reforms & indicators
• Haryana Economy: schemes & development indicators

Focusing on these topics alone helps secure 60–70% of the subject marks.

Scoring Tips — Target 75+ Marks

• Revise Micro & Macro daily (30–40 mins)
• Practice 20–30 PYQs each day
• Prepare Haryana Economy from recent data
• Use graphs, diagrams & numerical questions
• Attempt mocks to improve accuracy & speed

Career Opportunities After HPSC Assistant Professor Economics

After clearing the exam and interview, candidates are appointed as permanent Assistant Professors in Haryana Government Colleges. Growth opportunities include:

• Senior Scale Assistant Professor
• Associate Professor
• Professor
• Research positions, consultancy & academic leadership roles

Frequently Asked Questions (FAQ)

Q: Is NET compulsory for HPSC Assistant Professor Economics?

A: Yes, NET is required unless the candidate has a PhD under UGC regulations.

Q: How many months are enough for preparation?

A: With discipline, 3–6 months are sufficient to crack the exam.

Q: Is there negative marking?

A: No negative marking as per the previous notification.

Final Words

The HPSC Assistant Professor Economics exam can be cracked with a strategic approach, consistent PYQ practice and a strong understanding of Micro, Macro and Indian Economy. Use this guide as your complete preparation roadmap for 2025.