XI Economics (030) Annual Syllabus 2024-25 PDF

SESSION (2024-25) ANNUAL SYLLABUS XI- ECONOMICS (030) Part A Statistics for Economics Unit 1: Introduction What is Economics? Meaning, scope, functions and importance of statistics in Economics Unit 2: Collection, Org...

SESSION (2024-25) ANNUAL SYLLABUS XI- ECONOMICS (030) Part A Statistics for Economics Unit 1: Introduction What is Economics? Meaning, scope, functions and importance of statistics in Economics Unit 2: Collection, Organisation and Presentation of data : 1. Collection of Data: Sources of data-primary and secondary; how basic data is collected with concept of sampling (random and non-random with types); methods of collecting data ;some important sources of secondary data ; census of India and National Sample Survey Organization. 2. Organization of Data: Meaning and types of variables;Frequency Distribution. 3. Presentation of Data: (i) Tabular Presentation of data (ii) Geometric forms(bardiagrams and pie diagrams) (iii)Frequency diagrams/graphical presentation (histogram, polygon and ogive) and (iv)Arithmetic line graphs(time series graph) Part B: Introductory Microeconomics: Unit 4: Introduction Meaning of microeconomics and macroeconomics; positive and normative economics, What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost. Unit 5: Consumer's Equilibrium and Demand : 1. Consumer's Equilibrium: Meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis. 2. Indifference curve analysis of consumer's equilibrium: The consumer's budget (budget set and budget line), preferences of the consumer (indifference curve,indifference map) and conditions of consumer's equilibrium. 3. Demand: Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve. 4. Price elasticity of demand: Factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method and total expenditure method. Unit 6: Producer Behaviour and Supply 1. Meaning of Production Function: Short-Run and Long-Run Total Product, Average Product and Marginal Product, Returns to a Factor Mid Term Syllabus Must Be completed by 15th September 2024 Preparation For Mid Term Examination Mid Term Examination 2024-25 Discussion Of Mid Term Question Paper Part A Statistics for Economics Unit 3: Statistical Tools and Interpretation: Measures of Central Tendency - Arithmetic mean, median and mode Correlation – Meaning and properties, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and Repeated Ranks). Introduction to Index Numbers - Meaning, types - Wholesale Price Index, Consumer Price Index and Index of Industrial Production, uses of index numbers; Inflation and Index Numbers, Simple Aggregative Method. Part B: Introductory Microeconomics Unit 6: Producer Behaviour and Supply 1. Cost: Short run costs - total cost, total fixed cost, total variable cost; Average cost;Average fixed cost, average variable cost and marginal cost-meaning and their relationships. 2. Revenue - total, average and marginal revenue - meaning and their relationship. 3. Producer's equilibrium- meaning and its conditions in terms of marginal revenue marginal cost. 4. Supply - Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, 5. Price elasticity of supply -measurement of price elasticity of supply - percentage-changemethod. Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications: Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply. Simple Applications of Demand and Supply: Price ceiling, price floor. Part C: Project in Economics Suggestive List of Projects: Class XI 6.Effect on PPC due to various government policies Invisible Hand (Adam Smith) 7. Opportunity Cost as an Economic Tool(taking real life situations) Effect of Price Change on a Substitute Good(taking prices from real life visiting local market) 8. Effect on equilibrium Prices in Local Market (taking real life situation or recent news) Effect of Price Change on a Complementary Good (taking prices from real life visiting local market) 4.Solar Energy, a Cost Effective Comparison with Conventional Energy Sources Bumper Production- Boon or Bane for the Farmer 5.Any other newspaper article and its evaluation on basis of economic principles Prescribed Books: 1. Statistics for Economics, NCERT 2. Introductory Microeconomics, NCERT Syllabus must be completed by 31st January 2025 ANNUAL EXAMINATION WILL BE BASED ON WHOLE SYLLABUS ANNUAL EXAMINATION 2024-25. For any other information kindly refer to CBSE guideline https://cbseacademic.nic.in