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Class XI
Paper 1 3 Hours 100 Marks
Units Periods Marks
Part A : Statistics for Economics
1. Introduction 5 3
2. Collection,OrganisationandPresentationofData 25 12
3. StatisticalToolsandInterpretation 64 30
4. DevelopingProjectsinEconomics 10 5
104 50
Part B: Indian Economic Development
5. Development Policies and Experience (1947-90) 18 10
6. EconomicReformssince1991 14 8
7. CurrentChallengesfacingIndianEconomy 60 25
8. DevelopmentexperienceofIndia-A
comparisonwithneighbours 12 7
104 50
Part A : Statistics for Economics
Inthiscourse,thelearnersareexpectedtoacquireskillsincollection,organisationandpresentation
of quantitative and qualitative information pertaining to various simple economic aspects
systematically.Italsointendstoprovidesomebasicstatisticaltoolstoanalyse, and interpretany
economicinformationanddrawappropriateinferences.Inthisprocess,thelearnersarealsoexpected
tounderstandthebehaviourofvariouseconomicdata.
Unit 1: Introduction 5 Periods
WhatisEconomics?
Meaning,scopeandimportanceofstatisticsinEconomics
Unit 2: Collection, Organisation and Presentation of data 25 Periods
Collection of data - sources of data - primary and secondary; how basic data is collected;
methods of collecting data; Some important sources of secondary data: Census of India and
NationalSampleSurveyOrganisation.
OrganisationofData:Meaningandtypesofvariables;FrequencyDistribution.
PresentationofData:TabularPresentationandDiagrammaticPresentationofData:(i)Geometric
forms(bardiagramsandpiediagrams),(ii)Frequencydiagrams(histogram,polygonandogive)
and(iii)Arithmeticlinegraphs(timeseriesgraph).
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Unit 3: Statistical Tools and Interpretation 64 Periods
(Forallthenumericalproblemsandsolutions,theappropriateeconomicinterpretationmaybe
attempted. This means, the students need to solve the problems and provide interpretation for
theresultsderived)
Measures of CentralTendency- mean (simple and weighted), median and mode
Measures of Dispersion - absolute dispersion (range, quartile deviation, mean deviation and
standarddeviation);relativedispersion(co-efficientofquartile-deviation,co-efficientofmean
deviation,co-efficientofvariation);LorenzCurve:Meaninganditsapplication.
Correlation - meaning, scatter diagram; Measures of correlation - Karl Pearson’s method (two
variables ungrouped data) Spearman’s rank correlation.
IntroductiontoIndexNumbers-meaning,types-wholesalepriceindex,consumerpriceindex
andindexofindustrialproduction,usesofindexnumbers;Inflationandindexnumbers.
Some Mathemetical tools used in Economics : Equation of a line, stope of a line, stope of a
curve.
Unit 4: Developing Projects in Economics 10 Periods
Thestudentsmaybeencouragedtodevelopprojects,whichhaveprimarydata,secondarydata
or both. Case studies of a few organisations / outlets may also be encouraged. Some of the
examples of the projects are as follows (they are not mandatory but suggestive):
(i) Areportondemographicstructureofyourneighborhood;
(ii) Consumerawarenessamongsthouseholds
(iii) Changingpricesofafewvegetablesinyourmarket
(iv) Studyofacooperativeinstitution:milkcooperatives
Theideabehindintroducingthisunitistoenablethestudentstodevelopthewaysandmeansby
whichaprojectcanbedevelopedusingtheskillslearnedinthecourse.Thisincludesallthesteps
involvedindesigningaprojectstartingfromchoosingatitle,exploringtheinformationrelatingto
thetitle,collectionofprimaryandsecondarydata,analysingthedata,presentationoftheproject
andusingvariousstatisticaltoolsandtheirinterpretationandconclusion.
Part B: Indian Economic Development
Unit 5: Development Policies and Experience (1947-90): 18 Periods
A brief introduction of the state of Indian economy on the eve of independence.
CommongoalsofFiveYearPlans.
Main features, problems and policies of agriculture (institutional aspects and new agricultural
strategy,etc.),industry(industriallicensing,etc,)andforeigntrade.
Unit 6: Economic Reforms since 1991: 14 Periods
Needandmainfeatures-liberalisation,globalisationandprivatisation;
AnappraisalofLPGpolicies
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Unit 7: Current challenges facing Indian Economy: 60 Periods
Poverty-absoluteandrelative;Mainprogrammesforpovertyalleviation:Acriticalassessment;
Rural development: Key issues - credit and marketing - role of cooperatives; agricultural
diversification;alternativefarming-organicfarming
Human Capital Formation: How people become resource; Role of human capital in economic
development;GrowthofEducationSectorinIndia
Employment:Formalandinformal,growthandotherissues:Problemsandpolicies.
Inflation:ProblemsandPolicies
Infrastructure:Meaning-andTypes:CaseStudies:EnergyandHealth:ProblemsandPolicies-A
criticalassessment;
SustainableEconomicDevelopment:Meaning,EffectsofEconomicDevelopmentonResources
andEnvironment,includingglobalwarming.
Unit 8: Development Experience of India: 12 Periods
Acomparisonwithneighbours
IndiaandPakistan
IndiaandChina
Issues:growth,population,sectoraldevelopmentandotherdevelopmentalindicators.
Class XII
Paper 1 3 Hours 100 Marks
Units Periods Marks
PartA: Introductory Microeconomics
1 Introduction 10 4
2. ConsumerEquilibriumandDemand 32 18
3. ProducerBehaviourandSupply 32 18
4. Forms of Market and Price Determination 22 10
5. SimpleapplicationsofToolsofdemandandsupply 8 -
104 50
Part B : Introductory Macroeconomics
6. NationalIncomeandRelatedAggregates 30 15
7. MoneyandBanking 18 8
8. DeterminationofIncomeandEmployment 25 12
9. GovernmentBudgetandtheEconomy 17 8
10. BalanceofPayments 14 7
104 50