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CBSE class 11 commerce Economics Important topics for theory

CBSE class 11 commerce Economics Important topics for theory

CBSE class 11 commerce Economics Important topics for theory :- we will provide complete details of CBSE class 11 commerce Economics Important topics for theory in this article.

CBSE class 11 commerce Economics Important topics for theory

CBSE is an eminent educational board and it is quite popular because of its well-evaluated syllabus and comprehensive question pattern. The board

CBSE class 11 commerce Economics Important topics for theory

also analyses students’ requirements and based on that it offers holistic school education along with a robust environment, where students can freely develop physically and mentally. Moreover, the board follows CCE (Continuous and Comprehensive Evaluation) and through this system, it determines students’ learning problems and consequently, it takes required measures to improve students’ overall performances. To maintain its noble objectives, the board follows this system for the betterment of students. The board maintains equal learning process in all its affiliated schools. It imparts quality education to all students without any compromise and always keeps up a healthy learning atmosphere that enables students to perform well in exams. According to the conclusion of current research, the board prescribes its syllabus. CBSE Syllabus for Class 11 is a good learning resource through which students can get clear understanding about different topics. Additionally, the board makes all of its syllabus available online including 11 class CBSE syllabus. Required subjects and their topics are all incorporated in this syllabus in an organized manner.

CBSE class 11 commerce Economics Important topics for theory

Economics is one of the social sciences, which has great influence on every human being. As economic life and the economy go through changes, the need to ground education in children’s own experience becomes essential. While doing so, it is imperative to provide them opportunities to acquire analytical skills to observe and understand the economic realities. At senior secondary stage, the learners are in a position to understand abstract ideas, exercise the power of thinking and to develop their own perception. It is at this stage, the learners are exposed to the rigour of the discipline of economics in a systematic way. The economics courses are introduced in such a way that in the initial stage, the learners are introduced to the economic realities that the nation is facing today along with some basic statistical tools to understand these broader economic realities. In the later stage, the learners are introduced to economics as a theory of abstraction. The economics courses also contain many projects and activities. These will provide opportunities for the learners to explore various economic issues both from their day-to-day life and also from issues, which are broader and invisible in nature. The academic skills that they learn in these courses would help to develop the projects and activities. The syllabus is also expected to provide opportunities to use information and communication technologies to facilitate their learning process.

CBSE class 11 commerce Economics Important topics for theory

Objectives:

  • Understanding of some basic economic concepts and development of economic reasoning which the learners can apply in their day-to-day life as citizens, workers and consumers.
  • Realisation of learners’ role in nation building and sensitivity to the economic issues that the nation is facing today.
  • Equipment with basic tools of economics and statistics to analyse economic issues. This is pertinent for even those who may not pursue this course beyond senior secondary stage.
  • Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically with reasoning.

CBSE class 11 commerce Economics Important topics for theory

UnitsTitleMarks
Part AStatistics for Economics 
1.Introduction13
2.Collection, Organisation and Presentation of Data
3.Statistical Tools and Interpretation27
Part BPart B: Indian Economic Development
4.Development Experience (1947-90) and13
Economic Reforms since 199112
5.Current Challenges facing Indian Economy15
6.Development Experience of India – A Comparison with Neighbours (OTBA)10
Part CProject Work10
Total100

CBSE class 11 commerce Economics Important topics for theory :-Part A: Statistics for Economics

In this course, you 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, you are 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

  • 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.

CBSE class 11 commerce Economics Important topics for theory :-Part B: Indian Economic Development

Unit 4: Development Experience (1947-90) and Economic Reforms since 1991

  • 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.

Unit 6: Development Experience of India

  • A comparison with neighbours India and Pakistan,India and China
  • Issues: growth, population, sectoral development and other developmental indicators.

CBSE class 11 commerce Economics Important topics for theory

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CBSE class 11 commerce Economics Important topics for theory

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