ICSE Syllabus Economics B

ICSE Syllabus Economics 2013. Download the latest syllabus to do your studies as per the latest guidelines issued by CBSE NCERT. The syllabus, weightage of chapters, blue print of question papers and the design of question papers is issued every year for the benefit of students. Access all syllabus for all subjects here 

Aims:

1. To acquire the knowledge of terms, facts, concepts, trends, principles, assumptions, etc. in Economics.

2. To develop familiarity with the basic terminology and elementary ideas of Economics.

3. To acquire knowledge of contemporary economic problems and to appreciate the efforts being made to solve these problems.

4. To develop an understanding of the Nation’s physical and human resources and how to avoid their misuse.

5. To understand the various economic processes that help in improving our standard of living.

6. To acquire skills in interpreting simple statistical data.

CLASS IX

There will be one paper of two hours duration carrying 80 marks and Internal Assessment of 20 marks.

The paper will be divided into two sections A and B.

Section A will consist of compulsory questions requiring short answers and will cover the entire syllabus.

Section B will consist of questions, which will require detailed answers. There will be a choice and candidates will be required to answer four questions from this section.

1. Understanding an Economy

(i) Meaning and definition of Economics; Concepts of Economics: Wealth, Welfare, Capital, Factors of production, Utility, Government, Household, Firm, Value, Price, Production, Consumption, Micro and Macro Economics.

A basic understanding of economic problems. Definitions of economics - Marshall, Robbins, Samuelson (No characteristics and comparisons). An understanding of the following concepts: wealth, capital, value, price, utility, production, consumption, factors of production, micro and macro economics (meaning of terms with examples)

(ii) Basic problems of an economy: What to produce? How to produce? For whom to produce? Efficient use of resources; economic growth. The concept of production possibility curve.

A brief introduction to basic problems of an economy - what to produce? how to produce? For whom to produce? Needs to be emphasized, irrespective of types of economy. An explanation of how economics as a subject helps us to allocate scarce resources in an efficient manner to be given. The concept of economic growth to be explained through production possibility curve. Comparison between economic growth and economic development should be dealt with briefly.

(iii) Types of Economies: Capitalistic, Socialistic, Mixed, Developed and Developing economy. Characteristics of the Indian economy.

A basic understanding of the features of capitalistic, socialistic and mixed economies is required. The meaning and classification of economies into developing and developed is to be explained. In this context, the characteristics of Indian economy must be explained.

2. Role of Public Distribution System:

What is food security? Who are food insecure people? Efforts of the Government in resolving food problem– Public Distribution System, buffer stock – role of Co-operative societies in Public Distribution System.

Meaning of Food security, causes of Food shortage, solutions for food shortage by Government and Co-operatives (Role of Food. 

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