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economics 10 ICSE 2010
Posted Date: 01 Jul 2008 Resource Type: Articles/Knowledge Sharing Category: Syllabus
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Posted By: hima Member Level: Gold
Rating:  Points: 3
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ECONOMIC APPLICATIONS (87)
Aims:
1. To familiarize students with the basic concepts of
economics and economic phenomenon.
2. To develop their analytical skills.
3. To provide students with hands-on-experience in
analyzing economic problems that they normally
come across.
CLASS IX
There will be one theory paper of two hours duration
of 100 marks and Internal Assessment of 100 marks.
The paper will consist of Part I and Part II.
Part I (compulsory) will contain short answer
questions on the entire syllabus.
Part II will consist of questions that will require
detailed answers. There will be a choice of questions.
THEORY – 100 Marks
(Teachers are required to discuss the following five
units at a basic level)
1. Basic Concepts of Economics
(i) Meaning and definition of Economics;
Economic entities: Consumer, Producer,
Households, Government. Importance of
these economic entities. Meaning of an
economy and the role of economic entities.
(ii) Three major problems of an economy: What
to produce? How to produce? For whom to
produce? Efficient use of resources; the basic
understanding of the terms: economic growth
and economic development.
(iii) The nature and classification of an economy:
developed, underdeveloped and developing
economy; Capitalistic, Socialistic, Mixed
economies: main features.
2. An Overview of Indian Economy
The nature of Indian economy: the main sectors of
Indian economy - Agriculture, Industry and
Services. Role of these sectors in Indian economy
and their interrelationship. The sectors according
to ownership - private and public; the sectors
according to type of economy- rural and urban
sectors.
3. Infrastructure of the Indian Economy
Economic and social infrastructure of Indian
economy. Social infrastructure - education, health
and family welfare, housing; Economic
infrastructure - transport, power, irrigation,
banking and financial institutions.
4. Population Problem
Size and growth rate, causes of the rapid growth
of population; problem of over-population;
remedies for population explosion; population
policy of the government; age, sex, composition
and occupational distribution of population in
India.
5. India’s Foreign Trade
The role of foreign trade in India’s economy; the
main items of India’s exports and imports; the
direction of foreign trade - India’s major trading
partners.
INTERNAL ASSESSMENT – 100 Marks
Candidates will be required to do a minimum of four
assignments during the year, as assigned by the
teacher.
Suggested list of assignments:
1. Identify 100 consumers of major brands of edible
oils in a locality/ area where you live. Draw up the
pattern of their monthly expenditure on this
product and compare it with the other household
expenditure. Make a presentation of your findings
in class.
2. Identify the major brands of bathing soaps that are
available in the market in your area. Select a
sample of 10 shops/ department stores that sell
these brands and collect the sales of these brands
124
over a period of one week at these shops. Identify
the brands that sell the most and make a
presentation for your class.
3. Make a presentation on the central problems an
economy faces. Explain these with reference to
the Indian economy.
4. Take a developed country such as the USA and a
developing country such as India. Analyze the
main characteristics of these economies.
5. Outline the main modes of transport in the
district/city you live. What problems do you and
other citizens face pertaining to the availability of
public transport? Analyze.
6. Take a table of food grain production in India
from any textbook on Indian economy or any
other secondary source such as internet. Interpret
the changes in the production over a given period
of time.
7. Given a table of population growth for period
between 1971 and 2001 and table of contribution
of agriculture, industry and services sector for the
same period, compare the two tables and present
your findings in the form of a presentation.
8. Make a presentation of the major trading partners
of India in the last 15 years. Specify the major
changes that have taken place in the last five
years.
9. What are the major items of export and imports
from India in the last five years? Use secondary
data sources and make out the changes that have
taken place in this context.
CLASS X
There will be one theory paper of two hours duration
of 100 marks and Internal Assessment of 100 marks.
The paper will consist of Part I and Part II.
Part I (compulsory) will contain short answer
questions on the entire syllabus.
Part II will consist of questions that will require
detailed answers. There will be a choice of questions.
THEORY – 100 Marks
(Teachers are required to discuss the following five
units at a basic level).
1. Demand and Supply: Basic Concepts
(i) Law of demand and supply: demand and
supply schedule and curve (both individual
and market); movement and shift of the
demand and supply curve; determinants of
demand and supply; exceptions to the law of
demand.
(ii) Elasticity of demand: meaning, types;
methods of measuring elasticity of demand;
factors affecting elasticity of demand;
importance of the concept of the elasticity of
demand.
2. Factors of Production: Basic Concepts
Land: meaning and characteristics, functions and
its importance; factors affecting productivity of
land. Labour: meaning and characteristics;
division of labour: meaning, types, advantages
and disadvantages; efficiency of labour: meaning,
reasons for low efficiency of Indian labour.
Capital: meaning, types and characteristics;
capital formation: meaning, factors affecting
capital formation; Entrepreneur: meaning,
functions and role of entrepreneurs in economic
development.
3. Alternative Market Structures: Basic Concepts
Nature and structure of markets: Perfectly
competitive market – main features; Monopoly
market - main features; Monopolistically
competitive market – main features and the
concept of product differentiation; Monopsony
market – main features.
4. The State and Economic Development
The role of State in promoting development; the
instruments of State intervention- fiscal policy,
monetary policy and wage policy; the public
sector enterprises - their role and problems; the
issue of privatization of public enterprises.
125
5. Money and Banking: Basic Concepts
Money: meaning, functions of money; inflation:
meaning, effects of inflation on the functioning of
the economy (in brief). Banking: Commercial
Banks: functions; Central Bank: functions;
quantitative and qualitative credit control
measures adopted by RBI.
INTERNAL ASSESSMENT – 100 Marks
Candidates will be required to do a minimum of four
assignments during the year, as assigned by the
teacher.
Suggested list of assignments:
1. Take a fast moving consumer good (FMCG) like
washing machine detergent. Analyze the factors
that determine the demand of this product. Present
your findings in form of a class presentation.
2. Develop a hypothetical table of information for
coffee that shows quantity demanded at various
prices and supply of coffee at these prices. Draw a
demand curve and supply curve and show an
equilibrium price at which market is cleared of its
supplies.
3. Make a list of products for which you think
demand is price inelastic and price elastic. Specify
the reasons you may think relevant for your
analysis.
4. Take a case of public enterprise which is about to
be privatized or has been recently privatized.
Analyze the pros and cons of such an exercise
undertaken by the government. (The case of
VSNL or BALCO can be taken up).
5. Take a case of a nationalized bank – visit any one
of its branches in your city. Analyze the main
functions of this bank’s branch. Make a
presentation to this effect.
6. Recently rates of interests have been reduced on
all the saving instruments. Carry out a survey of
30 people in your area as to what is their reaction
to this cut. The sample may consist of salaried
people, business people and professionals.
7. Take a case of five FMCGs – fast moving
consumer goods - bathing soaps, toothpastes,
facial creams, shampoos, ball pens. Analyze as to
how the market for these products is characterized
by product differentiation.
8. Take the case of a company and analyze the
production process in which all the factors that
you studied in your class, are used by the
company to produce a product.
EVALUATION
The project work is to be evaluated by the subject
teacher and by an External Examiner. The External
Examiner shall be nominated by the Principal and
may be a teacher from the faculty, but not teaching
the subject in the relevant section/class. For
example, a teacher of Economics of Class XI may be
deputed to be the External Examiner for Class X
Economic Applications project work.
The Internal Examiner and the External Examiner will
assess the candidate’s work independently.
Award of marks (100 marks)
Subject Teacher (Internal Examiner): 50 marks
External Examiner : 50 marks
The total marks obtained out of 100 are to be sent to
the Council by the Head of the School.
The Head of the School will be responsible for the
entry of marks on the mark sheets provided by the
Council.
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