AHSEC Class 11 Economics Syllabus 2023

ASHEC Class 11 Economics Syllabus 2023
One Paper Time: Three hours
Marks: 100

Unitwise Distribution of Marks & Periods:

Unit	Topics	Marks	Periods
Part A Introductory Microeconomics
Unit 1 Unit 2 Unit 3 Unit 4 Unit 5	Introduction to microeconomics Consumers Equilibrium and Demand Producer behaviour and supply Forms of Market and Price determination Simple Applications of Tools of Demand & Supply	04 13 15 10 08	08 25 30 20 12
Part B Statistics for Economics
Unit 6 Unit 7 Unit 8	Introduction to Statistics Collection, Organization & Presentation of Data Statistical Tools & Interpretation	05 15 30	08 22 55
		100	180

Unitwise Distribution of Course Contents:

Part A: Introductory Microeconomics

This course introduces the learner to economics as a science of abstraction and reasoning. It introduces some basic concepts and tools to understand economic issues of an individual or a firm and how decisions are taken in variety of markets. It also intends to provide exposure to the learners on how choices are more and how a variety of statistical tools are used to optimally allocate the resources.

Unit-I: Introduction: Marks: 04

What is microeconomics?

Central Problems of an economy, Production possibility curve and opportunity cost.

Unit-II: Consumers Equilibrium and Demand: Marks: 13

Consumer’s Equilibrium: Meaning and attainment of equilibrium through Utility Approach:

One and two commodity cases.

Demand: Concept of demand, Determination of demand, Demand schedule, Demand curve, Market demand, Movement along and shifts in demand curve, Price elasticity of demand, Measurement of price elasticity of demand– percentage, Total expenditure and geometric methods.

Unit-III: Producer Behaviour and Supply: Marks: 15

Production function: Returns to factor and returns to scale.

Supply: Market supply, Determinants of supply, Supply schedule, Supply curve, Movement along and shifts in supply curve, Price elasticity of supply, Measurement of price elasticity of supply- percentage and geometric methods.

Cost and Revenue: Concept of cost, Short run cost curve (fixed and variable cost, total, average and marginal cost); concept of revenue – total, average and marginal revenue and their relationship, Producer’s equilibrium – with the help of MC and MR.

Unit-IV: Forms of Market and Price Determination: Marks: 10

Forms of market – perfect competition, monopoly, monopolistic competition – their meaning and features.

Price determination under perfect competition – equilibrium price, effects of shifts in demand and supply.

Unit-V: Simple applications of Tools of Demand and Supply Curves: Marks: 08

Change in cost conditions and its impact on the form’s and market supply. Geometric method to determine the elasticity of supply.

Effects of taxation: Per unit tax, Lump Sum Tax, Price ceiling and price floor.

Part B: 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 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-VI: Introduction: Marks: 05

Definition, nature and scope of economics.

Meaning and scope of statistics, importance of statistics in Economics.

Unit-VII: Collection and Organisation of Data: Marks: 15

Collection of data: Sources of data – Primary and Secondary, 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 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-VIII: Statistical Tools and Interpretation: Marks: 30

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 and coefficient of variation); Lorenz Curve: Meaning and its application.

Correlation – meaning, scatter diagram, Measures of correlation – Karl Pearson’s Method (Two variables ungrouped data) and Spearman’s rank correlation.

Introduction to Index Numbers: meaning, types – wholesale price index, consumer price 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)