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Class XI
Paper 1 3 Hours 100 Marks
Units Periods Marks
Part A : Statistics for Economics
1. Introduction 5 3
2. Collection, Organisation and Presentation of Data 25 12
3. Statistical Tools and Interpretation 64 30
4. Developing Projects in Economics 10 5
104 50
Part B: Indian Economic Development
5. Development Policies and Experience (1947-90) 18 10
6. Economic Reforms since 1991 14 8
7. Current Challenges facing Indian Economy 60 25
8. Development experience of India-A
comparison with neighbours 12 7
104 50
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 5 Periods
What is Economics?
Meaning, scope and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data 25 Periods
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).
179
Unit 3: Statistical Tools and Interpretation 64 Periods
(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, co-efficient 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.
Unit 4: Developing Projects in Economics 10 Periods
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 demographic structure of your neighborhood;
(ii) Consumer awareness amongst households
(iii) Changing prices of a few vegetables in your market
(iv) Study of a cooperative institution: milk cooperatives
The idea behind introducing this unit is to enable the students to
develop the ways and
means by which a project can be developed using the skills learned
in the course. This
includes all the steps involved in designing a project starting from
choosing a title, exploring
the information relating to the title, collection of primary and
secondary data, analysing
the data, presentation of the project and using various statistical
tools and their interpretation
and conclusion.
Part B: Indian Economic Development
Unit 5: Development Policies and Experience (1947-90): 18 Periods
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.
Unit 6: Economic Reforms since 1991: 14 Periods
Need and main features - liberalisation, globalisation and
privatisation;
An appraisal of LPG policies
180
Unit 7: Current challenges facing Indian Economy: 60 Periods
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: Growth, informalisation and other issues: 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.
Unit 8: Development Experience of India: 12 Periods
A comparison with neighbours
India and Pakistan
India and China
Issues: growth, population, sectoral development and other
developmental indicators. |
