Kerala PSC HSST Economics Syllabus 2026 | Check the Module & Download PDF

A complete knowledge on the Kerala PSC HSST Economics Syllabus 2026 is necessary to successful in HSST Economics exam. The syllabus covers critical areas you must study if you want to perform well on the HSST Economics test.

Grab the HSST Economics syllabus 2026 PDF and begin studying using a syllabus-based strategy. Use our app-based lessons for easy learning, which are appropriate for both new students and working professionals.

Kerala PSC HSST Economics Recruitment 2026 

The Kerala PSC has released the HSST Junior Economics Notification 2026 (Category No. 715/2025) for the post of Higher Secondary School Teacher (Junior) in Economics under the Kerala Higher Secondary Education Department. 

This is a statewide direct recruitment exam, and the online application starts with the notification on 31 December 2025 and the last date to apply is 4 February 2026. The HSST Junior Economics salary ranges from ₹45,600 to ₹95,600 and candidates can apply through the Kerala PSC official website.

Kerala PSC HSST Economics Exam Pattern 2026

The Kerala PSC HSST Economics exam pattern 2026 is designed to test both subject knowledge and teaching aptitude. The HSST Economics exam is conducted online and consists of 100 marks, covering Economics (70 marks) and general topics (30 marks) including teaching & research aptitude, constitution & social welfare and Kerala Renaissance & current affairs. 

Kerala PSC HSST Economics Syllabus 2026 PDF

The Kerala PSC HSST Economics Syllabus 2026 PDF includes Micro & Macro Economics, Indian & Kerala Economy, Quantitative Methods, Teaching Aptitude, Constitution, Social Welfare, and Current Affairs. This updated syllabus helps aspirants plan a focused and effective Kerala PSC HSST Economics preparation.

DETAILED SYLLABUS FOR THE POST OF HIGHER SECONDARY SCHOOL TEACHER (JUNIOR) IN ECONOMICS

Department: Higher Secondary Education Department

PART I: ECONOMICS

Module 1 : Micro Economics(10 Marks)

• Recent Development in Demand Theory: Pragmatic approach to demand analysis, Constant Elasticity demand function, distributed lagged models of demand (Nerlove's model), Houthakker's and Taylor's model, Linear expenditure system, and 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, investor's choice problem, household portfolio decisions, state preference theory, Bandwagon effect, Snob and Veblen effect, and Cob-Web theorem.
• Theory of Production and Costs: Short-run and Long-run production functions, Homogeneous and Linear homogeneous production functions, CES production function, technological progress (labour deepening, capital deepening, neutral), cost function, cost-minimizing input choices, properties of cost function, Economies of Scale, and Learning Curve.
• Market Structure: Perfect and Imperfect Markets, Monopoly, Monopolistic Competition, Collusive & non-collusive models, Oligopoly (homogeneous and non-homogeneous products), Chamberlin's, Sweezy's Kinked Models, Bertrand's, Cournot, Stackelberg's models, and Duopoly.
• Theory of Games: Strategies, Zero-sum and non-Zero-sum Games, Prisoner's Dilemma, Nash Equilibrium, and issues in Game Theory.
• Information Economics: Asymmetric Information, The market for Lemons, The Principal-Agent Problem, Moral Hazard, Adverse Selection, Screening, and Market Signaling.
• Theory of Distribution: Neoclassical approach, Marginal productivity theory, Product exhaustion theorem (Euler’s, Clark-Wicksteed-Walras), Keynesian/Neo-Keynesian theories (Kaldor, Pasinetti, widow's cruse models), Classical (Ricardian, Marxian), and Modern/Post-Keynesian theory ('degree of monopoly' by Kalecki), theories of wage, interest, and profit.

Module 2 : General Equilibrium & Welfare Economics (10 Marks)

• General Equilibrium: Partial and general equilibrium, Walrasian model, two-factor/two-commodity/two-consumer model, existence, uniqueness, and stability of equilibrium, and Brouwer's fixed point theorem.
• Welfare Economics: Old social welfare (growth, cardinalist, Bentham's criteria), Pareto optimality, New welfare economics (Kaldor-Hicks compensation, Scitovsky), social welfare function (Bergson-Samuelson, Arrow's impossibility theorem), Pigouvian welfare, point of bliss, theory of second best, Rawlsian concept of justice, and Coase theorem.
• Managerial and Behavioural Theories: Hall & Hitch (Full Cost Pricing), Gordon’s attack, Bain’s and Sylos Labini’s Limit Pricing, Baumol’s theory, Marris' model, Williamson’s, and Cyert and March’s behavioural model.

Module 3 : Macro Economics (10 Marks)

• Aggregate Demand & Consumption: Keynes' Psychological law, Absolute/Relative/Permanent Income Hypothesis, Life cycle hypothesis, Kuznet's consumption puzzle, Fisher's Inter-temporal choice, Investment Function (MEC & MEI), Neo-Classical Theory, Tobin's q-ratio, and Modigliani-Miller theory.
• Demand & Supply of Money: Quantity theory (Fisher, Cambridge), Keynes' liquidity Preference, Post-Keynesian approaches (Baumol, Tobin, Friedman’s restatement), Money multiplier, and Fisher effect.
• Open Economy: ISLM Analysis, Exchange Rates (Fixed vs. Flexible), Pegging, Balance of Payments (BOP), J-curve Effect, Mundell-Fleming Model, and Monetary/Elasticity approaches.
• Classical vs. Keynesian: Say's Law, neutrality of money, Liquidity Trap, Crowding out Effect, Keynes and Real Balance Effect.
• Inflation & Disequilibrium: Types of inflation, inflationary gap, Phillips curve (Samuelson-Solow, Tobin views), Neo-Keynesian Analysis, and Disequilibrium models (Clower, Leijonhufvud, Barro-Grossman, Malinvaud).

Module 4 : Current Controversies in Macro Economics (10 Marks)

• Keynesian Counter-revolution, Rational Expectations, New Classical/New Keynesian Macroeconomics, Supply-side Economics, Business cycles (Hicks, Goodwin, Minsky, Real Business Cycle Approach), and Stabilisation Policy.
• Theory of Money Supply: Arrow-Debreu model, overlapping generation model (Samuelson), cash in advance model (Clower), and Endogenous Money supply theory.

Module 5 : Indian Economy (10 Marks)

• Performance since independence, Land Reforms, Green Revolution, WTO impact, Food Security, Industrial Policies, Privatization, SEZ, Infrastructure (Transport, Energy, Telecommunication), and Health and Education sectors.

Module 6 : Fiscal, Financial and External Sector Issues (10 Marks)

• Fiscal Deficit, Central-State Fiscal Relationships (Finance Commission), Parallel Economy, Financial Inclusion, Price Behavior, Foreign Trade (Post-90 trends), and role of MNCs.
• Economic Planning: NITI Aayog, Five Year Plans, and Welfare programmes in recent Union Budgets.
• Economic Reforms Since 1991: Washington Consensus, GST, and Cooperative federalism.
• Kerala Economy: Model of Development, migration, poverty, unemployment, Kerala & WTO, and People’s plan.

Module 7 : Quantitative Methods (10 Marks)

• Statistics: Measures of Central Tendency, Dispersion, Skewness, Kurtosis, Correlation, and Regression Analysis.
• Linear Algebra: Functions, Vectors, Matrices, Determinants, and Crammer's rule.
• Probability & Inference: Bayes' theorem, Probability Distributions (Binomial, Poisson, Normal, etc.), Sampling designs, Testing of hypothesis (Null/Alternative, Type I/II errors), and ANOVA.
• Allocation Models: Linear Programming Problem (LPP), Graphical/Simplex method, Duality, and Shadow prices.

PART 2 : RESEARCH METHODOLOGY/TEACHING APTITUDE

1. Teaching Aptitude (5 Marks)

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

2. Research Aptitude (5 Marks)

• Meaning, characteristics, and types of research; Steps and methods; Research Ethics; Paper/Workshop/Seminar/Conference; and Thesis writing format.

PART 3 : CONSTITUTION AND SOCIAL WELFARE

Salient Features of Indian Constitution (5 Marks)

• Preamble, Fundamental Rights, Directive Principles, Executive, Legislature, Judiciary (Union and State), Centre-State Relations, and Emergency/Amendment Provisions.

Social Welfare Legislations and Programmes (5 Marks)

• RTI Act, Prevention of atrocities against Women & Children, Food Security Act, Environmental Acts and Employment Guarantee Programme.

PART 4 : RENAISSANCE IN KERALA (5 Marks)

• Efforts to Reform Society: SNDP Yogam, NSS, and various social revolts (Vaikom, Guruvayoor Sathyagraha, etc.).
• Role of Press & Literature: Swadeshabhimani, Mathrubhumi, and awakening through Drama/Poetry.
• Leaders of Renaissance: Sree Narayana Guru, Ayyan Kali, Chattampi Swamikal, Vakkom Abdul Khadar Maulavi, and others.
• General Knowledge and Current Affairs (5 Marks).

How to Prepare for Kerala PSC HSST Economics 2026?

To crack the Kerala PSC HSST Economics Exam 2026, you need a structured study plan, syllabus-based preparation, and regular practice. 

Follow these steps:

1. Understand the HSST Economics Syllabus 2026
   • Start with the official syllabus and mark high-weight topics.
   • Focus on Micro & Macro Economics, Indian & Kerala Economy, and Quantitative Methods.
      
2. Build Strong Conceptual Clarity
   • Study from standard economics textbooks.
   • Make short notes for quick revision.
      
3. Practice Kerala PSC HSST Economics Previous Year Questions
   • Solve past papers to understand exam pattern and question style.
   • Identify repeated topics and important areas.
      
4. Attempt Topic-wise MCQs
   • Practice MCQs after completing each chapter.
   • Improve accuracy and speed gradually.
      
5. Revision and Mock Tests
   • Revise the entire syllabus weekly.
   • Take full-length mock tests to improve time management and accuracy.
      
6. Focus on High Scoring Topics
   • Indian Economy, Kerala Economy, Quantitative Methods, and Teaching Aptitude are scoring areas.
   • Revise them more often.

Kerala PSC HSST Economics App-Based Coaching 2026

Preparing for the Kerala PSC HSST Economics Exam 2026 becomes easier with the CC Learning App, the best HSST Economics online coaching app in Kerala. Our app based classes are designed to help aspirants follow a structured study plan, understand the Kerala PSC syllabus and practice effectively.

What You Get

• App-based HSST Economics live & recorded classes
• Kerala PSC HSST Economics mock tests
• Kerala PSC HSST Economics Syllabus-focused study plan
• Regular revision and doubt clearing
• One-to-one mentorship and performance tracking

Start your HSST Economics 2026 preparation with CC Learning App and study smart with expert guidance.

Frequently Asked Questions

1. What is Kerala PSC HSST Economics exam?

The Kerala PSC HSST Economics exam is a teacher recruitment test conducted by the Kerala Public Service Commission for the post of Higher Secondary School Teacher (HSST) in Economics.

2. Is there negative marking in HSST Economics exam?

Yes, negative marking is applicable for incorrect answers. So, accuracy and time management are very important.

3. When was the Kerala PSC HSST Economics Notification 2026 released?

The official notification for the Kerala PSC HSST Economics 2026 exam was released on 31 December 2025 under Category Number 715/2025.

4. What is the last date to apply for HSST Economics 2026?

Eligible candidates must submit their online application through the Kerala PSC Thulasi portal before 4 February 2026.

5. What is the application mode for Kerala PSC HSST Economics 2026?

The application process for the HSST Economics exam is online only through the official Kerala PSC website.

6. What is the salary for HSST Junior Economics?

The Kerala PSC HSST Junior Economics salary ranges from approximately ₹45,600 to ₹95,600 per month, including allowances as per government rules.