AHSEC – Class 11 Economics: Syllabus and Unit wise Distribution of Course contents
PART A : STATISTICS FOR ECONOMICS
Unit – I
Unit – II
Unit – III
Unit – IV
Introduction to Economics
Collection, Organisation and Presentation of Data
Statistical Tools and interpretation
Developing Projects in Economics
PART – B : FINANCIAL ACCOUNTING – II (40 Marks)
Unit – V
Unit – VI
Unit – VII
Unit – VIII
Development Policies and Experience ( 1947-90)
Economic Reforms since 1991
Current Challenges facing Indian Economy
Development experience of India – A
Comparison with neighbors.
Part – A : STATISTICS FOR ECONOMICS.
In this course, the learners are expected to acquire skills in collection, organisation of quantitative and qualitative information pertaining to various, but simple, economic aspects systematically. It also intends to provide some basic statistical tools to analyses and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic date.
Unit – I : Introduction :
1. What is Economics? 2. Meaning scope and importance of statistics in Economics.
Unit – II : Collection and organisation of Date.
1. Collection of date : Sources of Data – primary and secondary ; how basic data is collected, methods of collecting data.
2. Some important sources of secondary data : Census of India and National Sample Survey Organisation.
3. Organisation of Data : Meaning and types of variables ; frequency distribution,
4. Presentation of Data : Tabular presentation of data and diagrammatic presentation of Data : (i) Geometric forms (bar diagrams and pie diagrams);
(ii) Frequency diagrams (histogram, polygon and ogive) and
(iii) Arithmetic line-graph (time series graph)
Unit – III : Statistical Tools and Interpretation.
1. Measures of Central Tendency – mean (simple and weighted), median and mode.
2. Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-effieicient of quartile deviation, co-efficient of mean deviation and co-efficient of variation); Lorenz Curve : Meaning and its application.
3. Correlation –Meaning scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data) and Spearman’s rank correlation.
4. 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. (For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means that students need to solve the problems and provide interpretations for the results derived.)
Unit – IV : Developing Projects in Economics.
The students may be encouraged to develop projects which have primary data, secondary data or both. Case studies of a few organisations / outlets may also be encouraged. Some of the examples of the projects are as follows (they are not mandatory) but suggestive:
(i) A report on the demographic structure of your neighborhood ;
(ii) Consumer awareness amongst households ;
(iii) Changing price of a few vegetables in your market ;
(iv) Study of cooperative institution : milk cooperatives.
The ideal behind introducing this unit is to enable the students to acquire ways and means by which a project can be developed by using the skills learned in the course. This includes all the steps involved in designing a project : choosing a title, exploring the information relating to the title, collecting primary and secondary data, analysing the date, presenting the project and using various statistical tools and their interpretation and conclusion.
Part – B : INDIAN ECONOMIC DEVELOPMENT
Unit – V : Development Policies and Experience (1947-90)
1. A brief introduction of the state of the Indian economy on the eve of independence.
2. Common goals of five year plans.
3. Main features, problems and policies of agriculture (institutional) aspects and new agricultural strategy, etc), industry (industrial licensing, etc.) and foreign trade.
Unit – VI : Economic Reforms since 1991.
1. Need and main features – liberalisation, globalization and privatisation.
2. An appraisal of LPG policies.
Unit – VII : Current Challenges facing Indian Economy.
Poverty : Absolute and relative ; main programmes for poverty alleviation : a critical assessment
Rural development : Key issues – credit and marketing – role of cooperatives ; agricultural diversification, alternative farming- organic farming.
Human capital formation : How people becomes a resource ; role of human capital in economic development; growth of education sector in India.
Employment : Growth, informalisation and other issues : problems and policies.
Infrastructure : Meaning and types ; case studies : energy and health – problems policies – a critical assessment.
Environment : Sustainable economic development; limited availability of resources; environmental degradation.
Unit – VIII : Development experience of India : A comparison with neighbors
1. India and Pakistan
2. India and China
Issue : Growth, population, sectorial development and other developmental indicators.