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ECONOMICS, CLASS–XI, One paper, , 3 Hours, , Units, , 100 Marks, , STRUCTURE OF COURSES, , 180 Marks, Marks, , Periods, , PART – I : MICRO ECONOMICS, 1., , Introduction to Microeconomics, , 6, , 2., , Demand, Supply & Market Mechanism, , 12, , 3., , Elasticity, , 6, , 4., , Behaviour of Consumers and Producers, , 16, , 5., , Forms of Market & Price Determination, , 10, , PART – II : STATISTICS FOR ECONOMICS, 1., , Introduction to Statistics for Economics, , 5, , 2., , Collection, Organisation and Presentation of Data, , 18, , 3., , Statistical Averages and Dispersion, , 15, , 4., , Correlation and Index Numbers, , 12, , 5., , Project on Application of Statistics in Economics, , –, , PART – I : MICRO ECONOMICS, Unit – 1: Introduction, 6 Marks, •, Definition of Economics, Positive & Normative Economics, Micro & Macro, Economics, Central problems of an economy: What, how and for whom to produce;, Economic Systems – Basic Features., Unit – 2: Demand, Supply & Market Mechanism, 12 Marks, •, Demand : Demand and its determinants, Law of Demand, Individual and Market, Demand, Demand Schedule, Demand Curve, movement along and shifts in the, demand curve. Exception to Law of Demand., •, Supply : Supply and its Determinants, Law of Supply, Individual and Market Supply,, Supply Schedule, Supply Curve, movements along and shifts in supply curve,, Exception to the Law of Supply., •, , Market Mechanism : Equilibrium and Disequilibrium, shortage and surplus,, Application of Demand and Supply Analysis.
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Unit – 3: Elasticity, , 6 Marks, , (a) Price Elasticity of Demand., (b) Income Elasticity of Demand., (c) Cross Elasticity of Demand., *(Definitions only), Factors Affecting the Elasticity of Demand., Methods of Calculating Price Elasticity –, 1. Percentage Method., 2. Geometric Method., 3. Total Expenditure Method., Simple Numerical Problems on Each Method., Elasticity of Supply – Measurement of Elasticity of Supply,, 1. Percentage Method., 2. Geometric Method., Unit – 4: Behaviour of Consumers and Producers, , 16 Marks, , •, , Consumer Behaviour – Meaning of Utility, Total Utility, Marginal Utility, Law, of Diminishing Marginal Utility, Consumer’s Equilibrium., , •, , Cost – Concepts and Relationship between Short Run and Long Run Costs (all, costs Total Cost, Total Fixed Cost, Total Variable Cost; Average Fixed Cost, Average, Variable Cost and Marginal Cost)., , •, , Revenue – Total Revenue, Average Revenue and Marginal Revenue., , Unit – 5: Forms of Market & Price Determination, , 10 Marks, , •, , Forms of Market – Perfect Competition, meaning and basic features., , •, , Price determination under Perfect Competition., PART – II : STATISTICS FOR ECONOMICS, , Unit – 1: Introduction, •, , 5 Marks, , Meaning, Scope, Importance and limitations of Statistics with special reference, to Economics., , Unit – 2: Collection, Organization and Presentation of Data, 18 Marks, •, Collection of Data – Sources of Data – Primary and Secondary, Method of, Collecting Data. Some Important Sources of Secondary Data., •, Organization of Data – Meaning and Types of Variables, Frequency., •, Presentation of Data – Tabulation, Diagrammatic presentation (bar diagrams,, pie-diagrams, line graphs, histogram, polygon and O-give curves).
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Unit – 3: Statistical Averages and Dispersion, 15 Marks, •, Mean, Mode, Median and Quartiles., •, Dispersion – Measures of Dispersion (Range, Quartile Deviation, Mean Deviation,, Standard Deviation) and Co-efficient of Variation., Unit – 4: Correlation and Index Numbers, 12 Marks, •, Meaning and significance, Scatter diagram, Measure of Correlation – Karl Pearson’s, method (two variable ungrouped data)., •, Introduction to Index Numbers : meaning, Laspeyre’s, Paasche’s & Fisher’s Index;, Wholesale Price Index, Consumer Price Index and uses of Index Numbers., Unit – 5: Project Work, (The list of Projects is only Exemplary & not exhaustive. Project work should be, done during the course of studies. One student should complete at least one project, from the following list), (i) Consumer Awareness amongst households through collection of Primary Data, by designing a questionnaire., (ii) Productivity Awareness amongst enterprises through use of statistical data from, statistical tables from newspapers/RBI Bulletin/Budget/Census Reports/Economic, Survey, etc., (iii) Demand, Supply and Market Equilibrium : Eash student shall choose any vegetable, of her/his choice. Interview three consumers to find out what their demand would, be at 5 different price levels of the commodity. Interview 3 vegetable vendors, to find out what they would supply at each of the same 5 price levels., Based on the data collected, a student will :, (a) Construct individual and market demand and supply schedules., (b) Determine if there is an equilibrium price that will prevail in the market and, explain how the market will react if the price is above and below the determined, equilibrium price., The results of project should highlight :, •, Understanding of the concepts of demand, supply and equilibrium price., •, Construction of an individual and market demand and supply schedules., •, , Understanding of how equilibrium price is determined in the market., , (iv) Producer’s Equilibrium :, Visit a local shop/industry/school/restaurant and understand its production process., Interview the owner to understand what the accountancy profit in for the production, unit.
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Your discussions should also be able to detail :, (a), , The fixed and variable factors and their associated costs., , (b), , The normal profit of the production unit., , (c), , Are there any implicit costs., , The conclusions should show :, , (v), , •, , Understanding of a production process., , •, , Reorganization of fixed and variable factors in a production process., , •, , Association of fixed and variable costs of production., , •, , Determination of revenue of production unit., , Role of PDS in assuring supply of necessities in rural areas. If don’t understand, the context of this project we are already giving on market equilibrium., Students will visit the local ration shops to collect information on :, (a), , Number of consumers, , (b), , Availability/Shortage of necessary goods., , PRESCRIBED TEXTBOOKS :, 1., , Introduction to Micro-Economic Theory, By: H.L. Ahuja, Published by: S. Chand & Co., Ltd., New Delhi., , 2., , Statistics for Economics, Published by : NCERT, , REFERENCE BOOKS :, 1., , Introductory Microeconomics, By: Dr. Deepashree, Published by: Saraswati House Pvt. Ltd., New Delhi., , 2., , Statistics for Economics, By : N.M. Shah, Published by: Arya Publication, New Delhi., , ——§§§——
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DESIGN OF, QUESTION PAPER, Subject, Unit/Paper, Class, Time, Full Marks, , :, :, :, :, :, , ECONOMICS, Theory, XI, 3 Hours, 100, , WEIGHTAGE TO OBJECTIVES:, Marks, Percentage, Objectives, Knowledge(K), 20, 20, I, Understanding (U), 46, 46, Application (A), 30, 30, Skill (S), 4, 4, Total:, 100, 100, WEIGHTAGE TO FORMS OF, QUESTIONS:, FORM OF QUESTIONS, No. of questions, Time(in minutes), Marks Percentage, Essay/Long Ans: (E/LA), 4, 82, 32, 32, 8, 44, 32, 32, II Short Answer Type-I (SA-I), Short Answer Type-II (SA-II), 12, 36, 24, 24, Very Short Answer(VSA), 8, 12, 8, 8, MCQ, 4, 6, 4, 4, Total:, 36, 180 m, 100, 100, WEIGHTAGE TO CONTENT:, Marks, Percentage, Unit, CONTENTS :, Part - Microeconomics, 1, Introduction to Microeconomics, 6, 6, 2, Demand, Supply & Market Mechanism, 12, 12, 3, Elasticity, 6, 6, 4, Behavior of Consumers & Producers, 16, 16, III, 5, Form of Market & Price Determination, 10, 10, Part - II Statistics for Economics, 1, Introduction to Statistics for Economics, 5, 5, 2, Collection, Organisation and Presentation of Data, 18, 18, 3, Statistical Average and Dispersion, 15, 15, 4, Correlation and Index Numbers, 12, 12, 5, Project on Application of statistics in Economics, IV, Total:, 100, 100, V SCHEME OF SECTIONS:, NIL, Internal option may be given in Essay and also SA-1 type Question, of (U),(A) and (S) only., SCHEME OF OPTIONS:, VI DIFFICULTY LEVEL :, Difficulty:, 30%, Average:, 50%, Easy:, 20%, Abbreviation: K(Knowledge), U(Understanding), A(Application),S(Skill), E(Essay Type),, SA(Short Answer Type), VSA(Very Short Answer Type),, O(Objective Type). MCQ (Multiple Choice Question).
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ECONOMICS, CLASS–XII, One paper, Units, 1., 2., 3., 4., 5., 1., 2., 3., 4., 5., 6., , 3 Hours, , 100 Marks, , STRUCTURE OF COURSES, PART – I : MACRO ECONOMICS, Introduction to macroeconomics, National Income and related Aggregates : Basic, Concepts and Measurement, Theory of Income and Employment : Basic Concepts, and Determination of Income and Employment., Money and Banking, Monetary Policy, Fiscal Policy and Government Budget, PART – II : INDIAN ECONOMIC DEVELOPMENT, Introduction to Indian Economic Development, Structural Changes in the Indian Economy After, Liberalization, Current Challenges facing Indian Economy, Planning and Economic Development in India, Economic Growth and Development, Project Work, , 180 Periods, Marks, , Periods, , 5, 12, 15, 10, 8, 5, 12, 15, 10, 8, –, , PART – I : MACRO ECONOMICS, Unit – 1: Introduction, 5 Marks, Macroeconomics : Its meaning and scope, Some basic concepts of macroeconomics:, Consumption Goods, Capital Goods, Final Goods, Intermediate Goods, Stocks and, Flows; Gross Investment and Depreciation., Unit – 2: National Income and related Aggregates :, 12 Marks, Basic Concepts and Measurement, Circular flow of income; Method of calculating National income – Value Added or, Product method, Expenditure method, Income method. Concepts and aggregates related, to National Income : Gross National Product (GNP), Net National Product (NNP),, Gross and Net Domestic Product (GDP and NDP) – at Market Price and at Factor, Cost; National Disposable Income (Gross and Net), Personal Income and Personal, Disposable Income; Real and Nominal GDP; GDP and Welfare., Simple Numerical Examples.
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Unit – 3: Theory of Income and Employment : Basic Concepts and Determination of Income, and Employment., 15 Marks, Aggregate Demand, Aggregate Supply and their components. Consumption Function, and Investment Function, Propensity to Consume and Propensity to Save, Equilibrium, Output, Types of Unemployment., Unit – 4: Money and Banking, 10 Marks, Money – Meaning, Functions and types. Supply of money – Currency held by the public, and net demand deposits held by commercial banks – Definition and Functions, Money, and Credit Creation by Commercial banks. Central bank – Meaning and Functions., Unit – 5: Monetary Policy, Fiscal Policy and Government Budget, 8 Marks, Monetary Policy – Meaning, types and tools., Fiscal Policy – Meaning, types and tools., Government budget – meaning, objectives, components and types, classification of, receipts – revenue receipt and capital receipt; classification of expenditure – revenue, expenditure and capital expenditure., PART – II : INDIAN ECONOMIC DEVELOPMENT, Unit – 1: Introduction, •, , 5 Marks, , A brief introduction of the state of the Indian economy on the eve of independence., Main features, problems and policies of Agriculture and Foreign Trade., , Unit – 2: Structural Changes in the Indian Economy After Liberalization, 12 Marks, Meaning, Need, Significance and Features of Liberalization, Globalization, Disinvestment, and Privatization, Present Features of Indian Economy., Unit – 3: Current Challenges facing Indian Economy, 15 Marks, • Poverty – absolute and relative; Main programmes for poverty alleviation : A critical, assessment; Rural development : Key issues – credit and marketing – role of, cooperatives; agricultural diversification., • Human Capital Formation : How people become resource; Role human capital, in economic development., • Sustainable Economic Growth : Meaning, Effects of Economic Development on, Resources and Environment., Unit – 4: Planning and Economic Development in India, 10 Marks, Objectives, Targets, Achievements and drawbacks of different Five Year Plans in India, (A brief account).
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Unit – 5: Economic Growth and Development, , 8 Marks, , Economic Growth and Development-Meaning and Difference, Comparative study of, India and China on the following indicators : (i) Unemployment, (ii) GDP growth,, (iii) GDP per capita, (iv) GDP purchasing power parity, (v) amount in direct foreign, investment, (vi) inflation, (vii) poverty., Unit – 6: Project Work, (The list of Projects is only exemplary not exhaustive. Project work should be done, during the course of studies. One student should complete at least one project from the, following list) :, (a), , Macroeconomics :, (i), , Effect of changing rate on interest on automobiles sale., , (ii) Collect logos of 10 nationalized Commercial Banks also collect data on rates, of interest (last 1 year) (CRR, SLR)., (iii) Information and pictures projecting evolution of money., (b), , Economic Growth and Development :, Identify any two indicators of Economic Growth and three indicators of Economic, Development., Collect data on these indicators for the last five years for at least four countries, of which two are developing and two are developed., Analyse the data that is collected to see the difference between economic growth, and economic development., , (c), , Globalization :, Divide the class into suitable groups. Each group shall make a wall magazine or, collage that will citically analyse the impact of globalization on them and their, families’ lives., , (d), , Unemployment & Poverty :, Conduct a comparative study of any 2 localities and present the data by questionnaire, or interview method to find out type of unemployment that exists and how it leads, to poverty., , PRESCRIBED TEXTBOOKS :, 1., , Introduction to Macro-Economics, By: H.L. Ahuja, Published by: S. Chand & Co., Ltd., New Delhi., , 2., , Indian Economic Development, Published by : NCERT, New Delhi.
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REFERENCE BOOKS :, 1., , Introductory Macroeconomics, By: Dr. Deepashree, Published by: Saraswati House Pvt. Ltd., New Delhi., , 2., , Indian Economic Development, By : Dr. Deepashree, Published by: Saraswati House Pvt. Ltd., New Delhi., , 3., , Indian Economic Development, By : B.L. Gupta, Published by: Arya publication, New Delhi., , ——§§§——
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QUESTION PAPER, Subject, Unit/Paper, Class, Time, Full Marks, , I, , II, , III, , IV, V, VI, , :, :, :, :, :, , ECONOMICS, Theory, XII, 3 Hours, 100, , WEIGHTAGE TO OBJECTIVES:, Marks, Percentage, Objectives, Knowledge(K), 20, 20, Understanding (U), 46, 46, Application (A), 30, 30, Skill (S), 4, 4, Total:, 100, 100, WEIGHTAGE TO FORMS OF QUESTIONS:, FORM OF QUESTIONS, No. of questions, Time(in minutes), Marks, Percentage, Essay/Long Ans: (E/LA), 4, 82, 32, 32, Short Answer Type-I (SA-I), 8, 44, 32, 32, Short Answer Type-II (SA-II), 12, 36, 24, 24, Very Short Answer(VSA), 8, 12, 8, 8, MCQ, 4, 6, 4, 4, Total: 36, 180 m, 100, 100, WEIGHTAGE TO CONTENT:, Marks, Percentage, Unit, CONTENTS :, Part - I MACROECONOMICS, 1 Introduction to Macroeconomics, 5, 5, 2 National Income and related Aggregate : Basic, 12, 12, Concepts & Measurement, 3 Theory of Income and Employment : Basic, 15, 15, Concepts & Determination of Income and Employment., 4 Money and Banking, 10, 10, 5 Monetary policy, fiscal policy and Government Budget, 8, 8, Part - II INDIAN ECONOMIC DEVELOPMENT, 1 Introduction to Indian Economic Development, 5, 5, 2 Structural Changes in the Indian Economy After liberalization, 12, 12, 3 Current Challenges facing Indian Economy, 15, 15, 4 Planning and Economic Development in India, 10, 10, 5 Economic Growth and Development., 8, 8, Total:, 100, 100, SCHEME OF SECTIONS:, NIL, Internal option may be given in Essay and also SA-1 type Question of, (U),(A) and (S) only., SCHEME OF OPTIONS:, DIFFICULTY LEVEL :, Difficulty : 30%, Average : 50%, Easy : 20%, Abbreviation:, K(Knowledge), U(Understanding), A(Application),S(Skill), E(Essay Type),, SA(Short Answer Type), VSA(Very Short Answer Type), O(Objective Type)., MCQ (Multiple Choice Question).
