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Economics ( Macro Economics & Micro Economics ) - Scope and Significance :

Economics deals with the behaviour and interactions of economic agents, as well as the functioning of economies. Microeconomics studies what are regarded as basic parts of the economy, such as individual agents and markets, their interactions, and the effects of such interactions. Individual agents might include households, firms, buyers, and sellers. Macroeconomics examines the economy as a system in which production, consumption, saving, and investment interact, as well as the variables influencing it : employment of labour, capital, and land, currency inflation, economic growth, and governmental policies that affect these parts.

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Economics Syllabus for Class 9th ( IX - 9 ) :

The Story of Village Palampur,

People as Resource,

Poverty as a Challenge,

Food Security in India  

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Economics Syllabus for Class 10th ( X - 10 ) :

Development,

Sectors Of The Indian Economy,

Money And Credit,

Globalisation And The Indian Economy,

Consumer Rights

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Economics Syllabus for Class 11th ( XI - 11 ) :

Unit I : Development Policies And Experience (1947-1990)
Chapter 1: Indian Economy On The Eve Of Independence
– Low Level Of Economic Development Under The Colonial Rule
– Agricultural Sector
– Industrial Sector
– Foreign Trade
– Demographic Condition
– Occupational Structure
– Infrastructure
Chapter 2 : Indian Economy 1950-1990
– The Goals Of Five Year Plans
– Agriculture
– Industry And Trade
– Trade Policy: Import Substitution
UNIT II : Economic Reforms Since 1991
Chapter 3 : Liberalisation, Privatisation And Globalisation : An Appraisal
– Background
– Liberalisation
– Privatisation
– Globalisation
– Indian Economy During Reforms: An Assessment
Unit III: Current Challenges Facing The Indian Economy
Chapter 4 : Poverty
– Who Are The Poor?
– How Are Poor People Identified?
– The Number Of Poor In India
What Causes Poverty?
– Policies And Programmes Towards Poverty Alleviation
– Poverty Alleviation Programmes-A Critical Assessment
Chapter 5 : Human Capital Formation In India
– What Is Human Capital?
– Sources Of Human Capital
– Human Capital And Human Development
– State Of Human Capital Formation In India
– Education Sector In India
– Future Prospects
Chapter 6 : Rural Development
– What Is Rural Development?
– Credit And Marketing In Rural Areas
– Agricultural Market System
– Diversification Into Productive Activities
– Sustainable Development And Organic Farming
Chapter 7 : Employment: Growth, Informalisation And Other Issues
– Workers And Employment
– Participation Of People In Employment
– Self-Employed And Hired Workers
– Employment In Firms, Factories And Offices
– Growth And Changing Structure OF Employment
– Informalisation Of Indian Workforce
– Unemployment
– Government And Employment Generation
Chapter 8 : Infrastructure
– What Is Infrastructure?
– Relevance Of Infrastructure
– The State Of Infrastructure In India
– Energy
– Health
Chapter 9 : Environment And Sustainable Development
– Environment — Definition And Functions
– State Of India's Environment
– Sustainable Development
– Strategies For Sustainable Development
Unit IV : Development Experiences Of India : A Comparison With Neighbours
Chapter 10 : Comparative Development Experiences Of India And Its Neighbours
– Developmental Path - A Snapshot View
– Demographic Indicators
– Gross Domestic Product And Sectors
– Indicators Of Human Development
– Development Strategies

 

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Statistics for Economics Syllabus for Class 11th ( XI  - 11 ) :

Introduction To Statistics,

Collection of Data,

Organisation of Data,

Presentation of Data ,

Measures of Central Tendency,

Measures of Dispersion ,

Correlation,

Index Numbers,

Use of Statistical Tools,

Statistical Terms,

Table Of Two-Digit Random Numbers

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Micro - Economics Syllabus for Class 12th ( XII - 12 ) :

Introduction To Microeconomics

A Simple Economy,

Central Problems of an Economy,

Organisation of Economic Activities,

The Centrally Planned Economy,

The Market Economy,

Positive and Normative Economics,

Microeconomics and Macroeconomics

Theory Of Consumer Behaviour

Utility,

Cardinal Utility Analysis,

Ordinal Utility Analysis,

The Consumer’s Budget,

Budget Set and Budget Line,

Changes in the Budget Set,

Optimal Choice of the Consumer,

Demand,

Demand Curve and the Law of Demand,

Deriving a Demand Curve from Indifference,

Curves and Budget Constraints,

Normal and Inferior Goods,

Substitutes and Complements,

Shifts in the Demand Curve,

Movements along the Demand Curve and Shifts in the Demand Curve,

Market Demand,

Elasticity of Demand,

Elasticity along a Linear Demand Curve,

Factors Determining Price Elasticity of Demand for a Good,

Elasticity and Expenditure

Production And Costs

Production Function,

The Short Run and the Long Run,

Total Product,

Average Product and Marginal Product,

Total Product,

Average Product,

Marginal Product,

The Law of Diminishing Marginal Product and the Law of Variable Proportions,

Shapes of Total Product,

Marginal Product and Average Product Curves,

Returns to Scale,

Costs,

Short Run Costs,

Long Run Costs

The Theory Of The Firm Under Perfect Competition

Perfect Competition: Defining Features,

Revenue,

Profit Maximisation,

Condition 1, Condition 2, Condition 3,

The Profit Maximisation Problem: Graphical Representation,

Supply Curve of a Firm,

Short Run Supply Curve of a Firm,

Long Run Supply Curve of a Firm,

The Shut Down Point,

The Normal Profit and Break-even Point,

Determinants of a Firm’s Supply Curve,

Technological Progress,

Input Prices,

Market Supply Curve,

Price Elasticity of Supply  

Market Equilibrium

Equilibrium,

Excess Demand,

Excess Supply,

Market Equilibrium: Fixed Number of Firms,

Market Equilibrium: Free Entry and Exit, Applications,

Price Ceiling,

Price Floor

Non-Competitive Markets :

Simple Monopoly in the Commodity Market,

Market Demand Curve is the Average Revenue Curve,

Total, Average and Marginal Revenues,

Marginal Revenue and Price Elasticity of Demand,

Short Run Equilibrium of the Monopoly Firm,

Other Non-perfectly Competitive Markets,

Monopolistic Competition,

How do Firms behave in Oligopoly? 

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Outline of Central Board of Secondary Education CBSE / NCERT prescribed Macro-Economics Syllabus for Class 12th ( XII - 12 ) :

Introduction To Macroeconomics

Emergence of Macroeconomics 

National Income Accounting

Some Basic Concepts of Macroeconomics,

Circular Flow of Income and Methods of Calculating National Income,

The Product or Value Added Method,

Expenditure Method,

Income Method,

Factor Cost,

Basic Prices and Market Prices,

Some Macroeconomic Identities,

Nominal and Real GDP,

GDP and Welfare 

Money And Banking

Functions of Money,

Demand for Money and Supply of Money,

Demand for Money,

Supply of Money,  

Money Creation by Banking System,

Balance Sheet of a Fictional Bank,

Limits to Credit Creation and Money Multiplier,

Policy Tools to Control Money Supply  

Determination Of Income And Employment

Aggregate Demand and its Components,

Consumption,

Investment,

Determination of Income in Two-sector Model,

Determination of Equilibrium Income in the Short Run,

Macroeconomic equilibrium with price level fixed,

Effect of an autonomous change in aggregate demand on income and output,

The Multiplier Mechanism,

Some More Concepts  

Government Budget And The Economy 

Government Budget – Meaning and its Components,

Objectives of Government Budget,

Classification of Receipts,

Classification of Expenditure,

Balanced,

Surplus and Deficit Budget,

Measures of Government Deficit

Open Economy Macroeconomics 

The Balance of Payments,

Current Account,

Capital Account,

Balance of Payments Surplus and Deficit,

The Foreign Exchange Market,

Foreign Exchange Rate,

Determination of the Exchange Rate,

Merits and Demerits of Flexible and Fixed Exchange Rate Systems,

Managed Floating 

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