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Questions and Answers
What is Economics?
What is Economics?
The study of how societies use scarce resources and the relationships between economic agents.
Which of the following units is NOT included in the curriculum for Class XI Economics?
Which of the following units is NOT included in the curriculum for Class XI Economics?
Understanding economic concepts is only important for those who will pursue higher economics studies.
Understanding economic concepts is only important for those who will pursue higher economics studies.
False
What is one of the objectives of the Economics course?
What is one of the objectives of the Economics course?
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What are the two types of data sources mentioned in the curriculum?
What are the two types of data sources mentioned in the curriculum?
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The unit on __________ provides basic tools to analyze economic issues.
The unit on __________ provides basic tools to analyze economic issues.
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Match the following economics concepts with their descriptions:
Match the following economics concepts with their descriptions:
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Study Notes
Economics: Rationale and Objectives
- Rationale: Economics is a social science that influences everyone's life.
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Objectives:
- Help learners understand basic economic concepts and apply them in their daily lives as citizens, workers, and consumers.
- Foster awareness of learners' role in nation-building and sensitivity to current economic challenges.
- Equip learners with fundamental economic and statistical tools to analyze economic issues.
- Develop understanding that multiple perspectives exist on economic issues and encourage logical reasoning and argumentation.
Class XI: Course Structure
- Theory: 80 marks, 3 hours
- Project: 20 Marks
- Units: - Part A: Statistics for Economics (40 marks, 50 periods) - Introduction to Economics, including the meaning, scope, functions, and importance of statistics in Economics. - Data Collection, Organisation, and Presentation: - Sources of data: primary and secondary - Sampling concepts - Methods for collecting data - Important sources of secondary data: Census of India and National Sample Survey Organisation - Types of variables - Frequency Distribution - Part B: Introductory Microeconomics (40 marks, 40 periods) - Introduction to Microeconomics - Consumer Equilibrium and Demand - Producer Behaviour and Supply - Forms of Market and Price Determination under Perfect Competition - Part C: Project Work (20 marks, 20 periods)
Statistics for Economics
- Unit 1: Introduction
- The course aims to equip learners with skills for collecting, organizing, and presenting quantitative and qualitative economic information systematically.
- Focuses on providing basic statistical tools for analyzing and interpreting economic information, drawing inferences, and understanding the behavior of economic data.
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Description
This quiz focuses on the rationale and objectives of studying economics in Class XI. It aims to enhance learners' understanding of basic economic concepts and their application in daily life. By fostering critical thinking about economic issues, students will gain valuable insights into their roles as informed citizens and consumers.
