CLASS - XI (2013-14)
Part A: Statistics for Economics
In this course, the learners are expected to acquire skills in collection, organisation and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyse, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic data.
Unit 1: Introduction
What is Economics?
Meaning, scope and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data
Collection of data - sources of data - primary and secondary; how basic data is collected; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
Organisation of Data: Meaning and types of variables; Frequency Distribution.
Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and ogive) and (iii) Arithmetic line graphs (time series graph).
Unit 3: Statistical Tools and Interpretation
(For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.)
Measures of Central Tendency- mean (simple and weighted), median and mode
Measures of Dispersion - absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of quartile-deviation, co-efficient of mean deviation, coefficient of variation);
Lorenz Curve: Meaning and its application.
Correlation - meaning, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
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. Some Mathematical tools used in Economics: Equation of a line, slope of a line, slope of a curve.
Part B: Indian Economic Development
Unit 4: Development Experience (1947-90) and Economic Reforms since
A brief introduction of the state of Indian economy on the eve of independence. Common goals of Five Year Plans. Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy, etc.), industry (industrial licensing, etc.) and foreign trade.
Economic Reforms since 1991:
Need and main features - liberalisation, globalisation and privatisation; An appraisal of LPG policies
Unit 5: 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 become resource; Role of human capital in economic development; Growth of Education Sector in India Employment: Formal and informal, growth and other issues: Problems and policies.
Inflation: Problems and Policies Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment; Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming.
Please refer to attached file for CBSE Class 11 Economics Syllabus 2013-2014