ECO N O M ICS

Econom ics is one of t he social sciences, w h ich has great in fluence on e v ery h u man being. As econom ic life and t he econom y go t hrough changes, t he
need to grou nd education in o w n ex perience becomes essen tial. W h ile doing so, it is im perati v e to prov ide t he m opport u nities to acquire
anal y tical sk ills to obser v e and u nderstand t he econom ic realities.

A t sen ior secondar y stage, t he learners are in a position to u nderstand abstract ideas, e x ercise t he po w er of t h in k ing and to de v elop t heir o w n
perception. It is at t h is stage, t he learners are ex posed to t he rigour of t he discipline of econom ics in a syste matic w a y.

T he econom ics courses also con tain man y projects and acti v ities. T hese w ill prov ide opport un ities for t he learners to ex plore v arious econom ic issues
bot h from t heir da y-to-da y life and also from issues, w h ich are broader and in v isible in nat ure. T he acade m ic sk ills t hat t he y learn in t hese courses
w ould help to de v elop t he projects and acti v ities. T he sy llabus is also e x pected to prov ide opport u n ities to use in formation and com m u n ication
tech nologies to facilitate t heir learn ing process.

T he acade m ic y ear is di v ided in to t w o terms. T he e v aluation of t he progress is based on t he formal e x am inations as w ell as, on t he project
w ork u ndertaken b y t hem during t he acade m ic y ear. St uden ts w ould prepare on l y one project in t he en tire acade m ic session, w h ich is di v ided i n to 2
terms i.e. Term I and Term II.

T here w ill be t hree formal e x am ination conducted b y t he school in a session:

 M id-Term Assessmen ts (M T) T his is cu m ulati v e in nat ure and includes t he en tire sy llabus of Term-1.
 Post M id-term Assessmen t w ill include part sy llabus of Term II.
 A n n ual E x am inations (A E) T h is w ill be cu m ulati v e in nat ure and w ill include t he en tire sy llabus from Term-1 and Term 2.
E v aluat ion of A cade m ic subjects in class X I
T y pe of A ssessm en t M on t h D urat ion M a x . M arks
M id- Term Assessmen t ( W rit ten + Practical Assessmen t) Sep 3 hours T heor y + Practical- 10 0 marks
Post- M id Term ( W rit ten Assessmen t) Dec 2 hours T heor y 50 marks
A n n ual E x am ination ( W rit ten and Practical Assessmen t) Feb- M arch 3 hours T heor y + Practical- 10 0 marks
 Suggest ed quest ion Paper Design

Econo m ics (Code- 030)

M arc h 2 023 E x a m i nat ion

M ar ks: 8 0 Durat ion: 3 H ours

S. N o T y polog y of Quest ions M ar ks Percen t age

1. Re me mbering and U nderstanding: E x h ibit me mor y of pre v iousl y learned material b y recalling 44 55%
facts, terms, basic concepts, and ans w ers. De monstrate understanding of facts and ideas b y
organ izing, com paring, translating, in terpreting, gi v ing descriptions, and stating main ideas

2. A ppl y ing: Sol v e proble ms to ne w si t uations b y appl y ing acquired k no w ledge, facts, tech niques 18 22.5%
and rules in a differen t w a y.

3. A nal y zing, E v aluating and Creating: E x am ine and break in formation in to parts b y iden tif y ing 18 22.5%
moti v es or causes. M ake in ferences and find e v idence to support generalizations. Presen t and
defend opin ions b y mak ing judgmen ts abou t in formation, v alidit y of ideas, or qualit y of w ork
based on a set of criteria. Com pile in formation toget her in a differen t w ay b y combin ing ele men ts
in a ne w pat tern or proposi ng alternati v e solu tions.

Tot al 80 10 0%
 T ER M -I (JU N E 2 0 22 T O 23.0 9.2 0 22) CL A SS- X I, ECO N O M ICS

N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

To u nderstand:
Ju ne ST A TISTICS Collage mak ing usi ng N e w s 6
 Objecti v es of classification Paper articles/Prin ted
Orga n izat ion of Dat a M T (21.0 9.2 0 22)
 T he characteristics of a good
from N e w spapers & M icro Econom ics
 Organ ization of Data: classification.
M agazines 1. In troduction
 Qualitati v e and quan titati v e
 M eaning and t y pes
classification (4.1.1.1.9) 2. T heor y of Consu mer
of v ariables; Beh a v iour:
 Data for fu t ure statistical enquir y
Use of pencils, colours,  U tilit y A nal ysis
 Frequenc y
 A frequenc y distribu tion table Pain ting surfaces such as
Distribu tion  Indifference cur v e
from t he gi v en ra w data papers of v arious k inds and A nal ysis
 T he formation of classes qualit y, li ke smoot h, rough,  De mand and Elasticit y
 Tall y marks t h ick, t h in, etc. (4.1.1.1.8) of De mand
Use of Sta t ist ical tools- Use of com pu ter graph ics & Statistics
T h e st uden ts should collect dat a tools (4.1.1.1.11) 3. In troduction to
related to tot al strengt h of class X I Statistics
Sketching from nat ure and
(differen t sect ion w ise) tot al 4. Collection of Data
surrounding
n u m ber of girls and bo ys i n each 5. Presen tation of data
sect ion an d dra w suit able diagram . (4.1.1.1.2) 6. Organ isation of data
Use t he sam e in form at ion for 7. M easures of Cen tral
t abulat ion also. tendenc y-M ean,
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

Ju ne Presen ta t ion of Da ta T he st uden ts w ill be able to: Use of pencils, colours, 8

Pain ting surfaces such as
 Presen tation of  U nderstand t he v arious w a ys of
papers of v arious k inds and
Data: Tabular presen ting data
qualit y, li ke smoot h, rough,
Presen tation of Data
 E x plain t he v arious com ponen ts of t h ick, t h in, etc. (4.1.1.1.8)
and Diagram matic
a statistical table.
Presen tation Use of com pu ter graph ics &
 Differen tiate bet w een t he v arious tools (4.1.1.1.11)
 Geometric forms
forms of tabular presen tations.
(bar diagrams and Sketching from nat ure and
pie diagrams),  Describe t he main t y pes of surrounding (4.1.1.1.2)
Diagram matic presen tations.
 Frequenc y diagrams
( H istogram, pol y gon  Grap h ical presen tation of M edian
and ogi v es) and Mode

 A rit h metic line  A ppropriate presen tation

grap hs (ti m e series tech n iques for t he an y set of data.
grap h

Ju ne M ICRO ECO N O M ICS To u nderstand and k no w : Collage mak ing usi ng N e w s 8

Paper articles/Prin ted
I n t roduct ion  Difference m icro and macro
p hotographs from
econom ics
 Econom y mean ing N e w spapers & M agazines
 Differen tiate bet w een posi ti v e and
 M icro and M acro
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

Econom ics normati v e econom ics

 Posi ti v e and  Define production possibilit y (4.1.1.1.9)

N ormati v e fron tier
Use of pencils, colours,
Econom ics
 T he cen tral proble ms of an Pain ting surfaces such as
 Cen tral proble ms econom y. papers of v arious k inds and
qualit y, li ke smoot h, rough,
 Com prehend t he causes of t he
t h ick, t h in, etc. (4.1.1.1.8)
differen t econom ic proble ms
 Production
Use of com pu ter graph ics &
Possibilit y fron tier  Scarcit y and choices
tools (4.1.1.1.11)
and opport u n it y
 PPC and cen tral proble ms of t he
cost.
econom y

Ju ne T h eor y of consu m er St uden ts w ill be able to u nderstand: Collage mak ing usi ng N e w s 8
be h a v iour Paper articles/Prin ted
 Concept of u tilit y- Total and
p hotographs from
 U tilit y A pproach M arginal and consu mer
N e w spapers & M agazines
equilibriu m w it h t he help of
U tilit y Concept. (4.1.1.1.9)
 Consu mer
 Case of one com modit y and t w o
Equilibriu m
com modit y model

Jul y  Consu mer budget  U nderstand t he mean ing of Use of pencils, colours, 10
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

 Indifference cur v e consu mer budget and budget Line Pain ting surfaces such as
papers of v arious k inds and
 Consu mer  Iden tif y t he monoton ic preferences
qualit y, li ke smoot h, rough,
equilibriu m of t he consu mers
t h ick, t h in, etc.
 U nderstand t he concept of
(4.1.1.1.8)
indifference cur v e and determ ine
t he poin t of Use of com pu ter graph ics &
equilibriu m tools (4.1.1.1.11)

Sketching from nat ure and

surrounding

(4.1.1.1.2)

Jul y T h eor y of consu m er  De mand, market de mand, Use of pencils, colors, 10

be h a v iour determ inan ts of de mand. Pain ting surfaces such as
papers of v arious k inds and
 T heor y of De mand  De mand schedule
qualit y, li ke smoot h, rough,
 De mand and its  De mand cur v e and its slope t h ick, t h in, etc.
slope
 Deri v e t he indi v idual and market (4.1.1.1.8)
de mand fu nction
Use of com pu ter graph ics &
 Determ ine t he factors affecting t he tools (4.1.1.1.11)
de mand of goods
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

 Mov e men t along and shif ts in t he

de mand cur v e.

Jul y E last ici t y of De m a nd-  Price elasticit y of de mand. Sketching from nat ure and 6
Price E last ici t y of surrounding
 Degrees of price elasticit y of
De m an d
de mand. (4.1.1.1.2)

 Factors affecting price elasticit y of

de mand.

 M easure men t of price elasticit y of

de mand percen tage-change
met hod and E x pendit ure met hod

A ugust I n t roduct ion To k no w : 4

 Scope of Econom ics  T he scope of t he subject

 M eaning of  T he role of production,

Statistics consu mption and distribu tion in
t he st ud y of econom ics
 Scope and use of
Statistics  T he mean ing of statistics in t he
singular and plural sense

 T he use of statistics in dail y life

 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

Collect ion of dat a To be able to: Collage mak ing using N e w s 8

 Collection of data
 Sources of data
pri m ar y and
secondar y;
Paper articles/Prin ted
 U nderstand t he mean ing and
p hotographs from
purpose of data collection
N e w spapers & M agazines
 Distinguish bet w een pri mar y and
(4.1.1.1.9)
secondar y sources of data

 H o w basic data is  Distinguish bet w een census and

collected; sam ple sur v e ys Use of com pu ter graph ics &
tools (4.1.1.1.11)
 met hods of  E x plain sam pling and non-
collecting data; sam pling errors

 Some i m portan t  Become fam iliar w it h t he

sources of secondar y tech n iques of sam pling
data
 A ppreciate t he use of a pilot sur v e y
 Census of India and
N ational Sam ple
Sur v e y
Organ ization.

A ugust M easures of Ce n t ral To u nderstand: Use of com pu ter graph ics & 12
Te ndenc y tools (4.1.1.1.11)
 M eaning and its uses
 M ean Indi v idual,
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

Discrete and  T he v arious met hods of calculating

Con tin uous series M ean- Direct, Short-cu t, and Step
de v iation met hod
 T he ad v an tages and disad v an tages
of M ean.
 Properties of A rit h metic mean
Use of pencils, colors,
Pain ting surfaces such as
papers of v arious k inds and
qualit y, li ke smoot h, rough,
t h ick, t h in, etc.
(4.1.1.1.8)

A ugust PROGRESS REPORT  Prov ide an opport u nit y to t he 4

O N PROJECT W ORK learner to de v elop econom ic
reason ing and acquire anal y tical
sk ills to obser v e and u nderstand
t he econom ic e v en ts.

Septe mber RE V ISIO N M ID T ER M E X A M 10

 T ER M -II (26.0 9.2 0 22 t o ) CL ASS- X I, ECO N O M ICS

N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

Sept. T h eor y of Product ion: To able t o u nderst an d: Use of pencils, colours, 6

 Define Production
fu nction
 Total Product, A v erage
product and M arginal
product
October  Re t urns t o a factor
 Cost cur v e
 M eaning of production.
 U nderstand and e x plain t he differen t
concepts of total product, a v erage
product and marginal product.
(4.1.1.1.8)
 Differen tiate bet w een short ru n and
long ru n production fu nction
 E x plain t he t hree stages of la w of
V ariable Proportion.
 Define t he differen t t y pes of costs
and dra w t he differen t t y pes of cost
cur v es (4.1.1.1.8)
Pain ting surfaces such as
PT2 (21.12.2 022)
papers of v arious k inds and
M icro Econom ics
qualit y, li ke smoot h, rough,
1. T heor y of product ion:
t h ick, t h in, etc.
 Ret urns to a factor
 Suppl y and elast icit y
of suppl y
Use of com pu ter graph ics &  Cost Concepts
tools (4.1.1.1.11) 14  Re v en ue Concepts
 Equilibriu m
Use of pencils, colours,
St at ist ics
Pain ting surfaces such as
 M edian an d Quart iles
papers of v arious k inds and
 Mode
qualit y, li ke smoot h, rough,
t h ick, t h in, etc.

 E x plain t he relationsh ip bet w een Use of com pu ter graph ics &
differen t cost cur v es-TC, T VC and TC, tools (4.1.1.1.11)
A VC, A FC, A TC & MC

T h eor y of Suppl y &  T heor y of Suppl y 10

 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

E last ici t y of Suppl y  Suppl y and its slope

 La w of suppl y

Concept of elasticit y of suppl y-T y pes

and measure men t.- Percen tage
met hod

N o v e mber T h eor y of product ion: To u nderstand: Use of pencils, colors, 6

Pain ting surfaces such as
Re v en ue Concepts  Re v en ue- Total, A v erage and
papers of v arious k inds and
M arginal re v en ue- meaning and
qualit y, li ke smoot h, rough,
relationsh ip.
t h ick, t h in, etc.
Producer’s Equilibriu m
 Equilibriu m- mean ing and
(4.1.1.1.8)
M R and MC approach its conditions in terms of marginal
re v en ue and marginal cost.

M easure of Cen tral  M eaning and t heir uses. Use of pencils, colors, 25
tendenc y- M edian, Pain ting surfaces such as
 T he v arious met hods of calculating
Quartiles and Mode- papers of v arious k inds and
M edian and Mode
Grouping met hod qualit y, li ke smoot h, rough,
 T he ad v an tages and disad v an tages of t h ick, t h in, etc.
M edian and Mode.
(4.1.1.1.8)
 T he met hods of calculating M edian,
Use of com pu ter graph ics &

M on t h Course Descrip t ion
December RE V ISIO N FOR PT2 E X A M
Jan uar y Forms of M ar k et:
Perfect com pet i t i v e
m ar k et.
Price Det er m in at ion
 M arket Equilibriu m
 Effects of sh if t in
de mand & suppl y
Si m ple applica t ion of
de m an d an d suppl y :
 Price ceiling
 Price Floor
N o. of
Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods
Quartiles and Mode in differen t tools (4.1.1.1.11)
statistical series.
 Rela t ionsh ip bet w ee n M ea n, M edia n
a nd M ode
6
 U nderstanding market and its Collage mak ing usi ng N e w s 20
differen t forms. Paper articles/Prin ted
p hotographs from
 E x plain t he sh ape of t he de mand
N e w spapers & M agazines
cur v e
 E x plain t he main feat ures of perfect
com petiti v e markets (4.1.1.1.9)
 Price determ ination u nder Perfect
com petition
Use of pencils, colors,
 Concept of E xcess de mand and E xcess Pain ting surfaces such as
suppl y papers of v arious k inds and
qualit y, li ke smoot h, rough,
 Change in equilibriu m price and
t h ick, t h in, etc.
quan tit y due to sh if t in de mand and
suppl y. (4.1.1.1.8)
 Concept of price ceiling, its Use of com pu ter graph ics &

M on t h Course Descrip t ion
Jan uar y Correlat ion
 Correlation mean ing,
 T y pes of Correlation
 Scat ter diagram
 M easures of correlation
 Karl met hod
(t w o v ariables
u ngrouped data)
 A ct ual mean met hod
 Direct met hod
N o. of
Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods
i m plications and go v ern men t tools (4.1.1.1.11)
measures to support it.
Sketching from nat ure and
 Concept of price floor, its i m plications surrounding
and go v ern men t measures to support
(4.1.1.1.2)
it.
To be able t o: Use of pencils, colors, 12
Pain ting surfaces such as
 Calculate and in terpret t he
papers of v arious k inds and
correlation bet w een t w o v ariables.
qualit y, li ke smoot h, rough,
 Determ ine w het her t he correlation is t h ick, t h in, etc.
sign ifican t.
(4.1.1.1.8)
 Iden tif y t he nat ure and degree of
correlation bet w een t he v ariables.
Use of com pu ter graph ics &
To be able t o:
tools (4.1.1.1.11)
 Calculate and in terpret t he
correlation bet w een t w o v ariables.
 Determ ine w het her t he correlation is
sign ifican t.
 Iden tif y t he nat ure and degree of
 N o. of
M on t h Course Descrip t ion Learn ing Ou tcom e A IL A ct i v it ies Port ion for Assessm en ts
periods

 Assu med mean met hod correlation bet w een t he v ariables.

 Step de v iation met hod  W hen ran ks are gi v en

 Ran k of  W hen ran ks are not gi v en

correlation
 W hen ran ks are repeated

Februar y I n de x N u m bers To be able t o: Collage mak ing usi ng N e w s 15

Paper articles/Prin ted
 In troduction to Inde x  Construction of si m ple price,
p hotographs from
quan tit y, and v alue inde x es;
 T y pes w holesale price N e w spapers & M agazines
index, consu mer price  In terpret index es to iden tif y trends
(4.1.1.1.9)
index and index of in a data set;
industrial production Use of pencils, colors,
 Use t he consu mer price index to
Pain ting surfaces such as
 Uses of inde x n u mbers; determ ine t he purchasing po w er of
papers of v arious k inds and
t he Rupee.
 In flation and inde x qualit y, li ke smoot h, rough,
n u mbers.  Li m itations of inde x n u mbers t h ick, t h in, etc.

(4.1.1.1.8)

Use of com pu ter graph ics &

tools (4.1.1.1.11)

Februar y RE V ISIO N FOR A N N U A L E X A M I N A TIO N (Dat es to be F i nalised la ter) 10 CO M PLE T E S Y LL A B US

 I N N O V A TI V E M E T H ODS I N T E AC H I N G ECO N O M ICS
PROJECT W ORK (=2 0 M ar ks)
T he idea beh ind in troducing t h is is to enable t he st uden ts to de v elop t he w a ys and means b y w h ich a project can be de v eloped usi ng t he sk ills
learned in t he course. T h is includes all t he steps in vol v ed in design ing a project starting from choosi ng a title, e x ploring t he in formation relating to
t he title, collection of pri m ar y and secondar y data, anal y zing t he data, presen tation of t he project and using v arious statistical tools and t heir
in terpretation and conclusion.

TOPICS M e t hodolog y :  T he Project report w ill be de v eloped in t h is sequence:

On an y of t he follo w ing Topics Collection of data-Bot h Pri m ar y and  A-4 size paper and m ust be hand w rit ten (m in. 10 pages)
 Cooperati v e secondar y data needs to be used. For  It m ust be spiral bou nd
pri mar y data a sur v e y has to be
  Cov er page sho w ing title, st uden t in formation, school and y ear.
conducted. Data w ill be collected
 Ban k ing habits of households in India usi ng differen t question naires for  List of con ten ts: S. N o, Topic, Page N o.
 Consu mer A w areness in ter v ie w s of indi v iduals, groups,  A ck no w ledge men ts and Preface (ack no w ledging t he instit u tion,
Cooperati v es and Gov ern men t. office and libraries v isited and person w ho ha v e helped).
 I m pact of organic farm ing on
income.  Collection of Data  Chapters w it h suitable heading.
 W orld Trade Organ ization- A critique  Organ ization of data  Conclusions (su m mar y, fu t ure scope of t he st ud y).
 I m portance of H u man Capital In  Presen tation of data  Bibliograp h y (title, page referred, au t hor, publisher, y ear of
w orld  A nal ysis and in terpretation publication and name of t he specific w ebsi te w hich has been
 Food Securit y Syste m in India used).
 Conclusions
 De mograph ic transi tion of India since St uden ts can be taken to a  A ll p hotograp hs and sketches should be labeled and related to t he
independence t he me and ack no w ledge.
Cooperati v e for carr y ing ou t t he
A n y ot h er rele v an t topic sur v e y.  A ppendi x
 CA SE ST U D Y (2 0 M arks)

Econo m ics is one of t he social sciences, w h ich has great in fluence on e v ery h u man being. As econom ic life and t he econom y go t hrough changes, t he
need to grou nd education in o w n ex perience becomes essen tial. W h ile doing so, it is i m perati v e to prov ide t he m opport u nities to acquire
anal y tical sk ills to obser v e and u nderstand t he econom ic realities. A t te m pts to make realise t heir role in nation building and sensitising
st uden ts to t he econom ic issues t hat t he nation is facing toda y.

Case st udies ha v e been used as a teach ing met hod and as part of professional de v elop m en t. St uden ts are required to anal yse t he prescribed cases and
presen t t heir in terpretations, supported b y t he line of reason ing e m ploy ed and assu m ptions made. It can be done group- w ise / indi v iduall y as per t he
require men t, tak ing class strengt h and ti m e required.

T he topics of t he case stud y w ill be based on Curren t affairs India and W orld- Goi ng arou nd It w ill enable t he st uden t to u nderstand t he
scope and repercussions of v arious Econom ic e v en ts and happenings tak ing place arou nd t he coun tr y and t he w orld.

Scope of t h e project: T he st uden ts need to w ork on t h e follo w i ng lines:

➢ In troduction
➢ Details of t he topic
➢ Pros and Cons of t he econom ic e ven t / happen ing
➢ M ajor criticism related to t he topic (if an y)
➢ o w n v ie w s/ perception / opin ion and learn ing from t he w ork
➢ A n y ot her v alid idea as per t he percei v ed notion of t he st uden t w ho is act uall y w ork ing and presen ting t he Project- W ork.

** Teach ers w ill keep a c h ec k & record of t h e progress on t heir projects an d case st udies fro m t i m e to t i m e t h roug h ou t t h e respect i v e
t erms t ill fi n al subm ission.

** I n t h is acade m ic session st ude n ts can op t for ei t h er doi ng a project /Case St ud y i n to parts to fu l fil t h e assessm e n t criteria se t b y t h e CBSE.
 SUGGESTI V E LIST OF PROJECTS:

S. N O. PROJECT TOPICS

1 Effect on PPC due to v arious go v ern men t policies

2 In v isible H and (A dam Sm it h)

3 Effect of Price Change on a Substit u te Good (tak ing prices from real life v isiting local market)

4 Opport u nit y Cost as an Econom ic Tool (tak ing real life si t uations)

5 Effect on equilibriu m Prices in Local M arket (tak ing real life si t uation or recen t ne w s)

6 Effect of Price Change on a Com ple m en tar y Good (tak ing prices from real life v isiting local market)

7 Solar E nerg y, a Cost Effecti v e Com parison w it h Con v en tional E nerg y Sources

8 Bu m per Production- Boon or Bane for t he Farmer

9 A n y ot her ne w spaper article and its e v aluation on basis of econom ic principles/ A n y ot her topic