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Council of Higher Secondary Education

Curriculum and Syllabus for Classes XI & XII

Economics

Class XI

One Paper 3 Hours  100 Marks
First Half

INDIAN  ECONOMY

Units   50 Marks

1.

Evolution, of the Indian Economy up to 1947

10 Periods

  Impact of British rule in the Indian Economy. Growth of capitalist enterprises. Economic consequences of British rule in India.

2.

General Economic Development Since Independence

35 Periods

  Natural resources and economic development; Nature of the Indian economy; Meaning of Economic Growth; National Income and Economic Growth; Factors of Economic Growth. Development plans - Objectives, strategies and achievements; Economic growth and structural changes.  

3.

Current Problems of the Indian Economy

25 Periods

  Population explosion-nature, causes, consequences and remedies. Problems of poverty, inequality and unemployment. Price trends; Foreign trade and Balance of payments.  

4.

Sectoral  Development Since Independence

30 Periods

  Agricultural development and the food problem; Agrariani reforms; Industrial policy and development; Small-scale and household industries; Transport and Communications; Development or human resources-education and training, health and nutrition, housing and civic amenities.  

 Second Half

ELEMENTARY STATISTICS
 

Units   50 Marks

5.

Role of Statistics in Economic Analysis

10 Periods

  Nature and scope of statistics; Definition of Statistics ; Need for empirical and quantitative analysis.  

6.

Collection and organisation of Statistical Data

20 Periods

  Primary and secondary data, census and sample methods of data collection (elementary aspects only).  

7.

Presentation of Data

30 Periods

Tables; Diagrams-bar diagrams, pie diagrams, frequency curves and ogives; Time series.

8.

Condensation of Data

40 Periods

  Measures of central tendency-mean, median and mode; partition values - quartiles, deciles and percentiles; Measures of dispersion-range, mean deviation, standard deviation, coefficient of variation, skew ness and kurtosis; Index Numbers (concepts only).  
 

Books-Recommended
Indian Economics and Elementary Statistics by I.C.
Dhingra and D. Raj published by Sultan Chand & Sons.

 

Economics

CLASS XII

One Paper 3 Hours 100 Marks
 

Introduction to Economic Theory

 
  First Half  
 
Units Micro Economics 50 Marks

1.

Nature and scope of Economics

10 Periods

  Definition and Scope of Economics ; Micro and 1Maerc, Economics ; Important economic terms and concepts ; Nature of economic activities ; Positive, normative and applied economics.  

2.

Production

20 Periods

  Meaning of production ; Factors of production- Land, Labour, Capital and organisation ; Laws of returns and Returns to scale.  

3.

Demand, Supply and Price

50 Periods

  Law of demand, elasticity of demand, shifts in demand, Law of supply, elasticity of supply, shifts in supply. Average, marginal and total Cost. Average, marginal and total Revenue. Perfect competition ; equilibrium Price and output under perfect competition. Sllifts in demand and supply and changes in the equilibrium price. Other market forms : monopoly, duopoly, oligopoly and monopolistic competition.  

4.

 Distribution

20 Periods

  An Elementary treatment of the pricing of factors of production- Rent, Wages, Interest and Profits.
 
 

Second Half

MICRO ECONOMICS


 
Units 50 Marks

5.

National Income Accounting

10 Periods

  Concepts of National Income: System of National Accounting ; Generation and measurement of national income; Utility of national income studies.  

6.

 Macro Economic Theory

35 Periods

  Aggregate demand and Aggregate supply and their mutual relationship ; Consumption, saving and investment functions ; Rate of interest and income ; Equality of Saving and Investment.  

7.

Money and Banking

25 Periods

  Meaning, kinds, functions and qualities of money , Evolution of money ; Quantity theory of money and value of money. Banking- Meaning and types of banks ; Functions of Commercial and Central Banks.  

8.

Public Finance

30 Periods

  Public and Private Finance ; sources of public income, Canons of taxation ; Types of Taxes and principles of taxation ; Public expenditure and its effects ; Meaning and types of public debts and modes of repayment.  
 

Books Recommended

An Introduction to Economic Theory by I.C. Dhingra and V.C, Garg published by Sultan Cband & Sons.