Economics Class XI: Rationale and Objectives

Economics: Rationale and Objectives

• Rationale: Economics is a social science that influences everyone's life.
• 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.