When discussing economic theories for the UPSC exam, candidates should explore various perspectives, including classical, keynesian, and behavioral economics. Understanding different schools of thought allows for a nuanced analysis of economic policies and their socio-economic implications. Additionally, exploring contemporary issues like globalization, inequality, and sustainability demonstrates awareness of current debates shaping economic discourse. It is also vital to analyze how these theories apply to India’s unique context, providing practical relevance to academic concepts. Engaging with a range of perspectives enhances critical thinking and evaluative skills, essential for comprehensive exam performance.