Education

ECONOMICS (856)
Aims:
1. To enable candidates to acquire knowledge
(information) and develop an understanding of
facts, terms, concepts, conventions, trends,
principles,
generalisations,
assumptions,
hypotheses, problems, processes, etc. in
Economics.

4. To acquaint candidates with the main
institutions through which the productive
process is carried out.
5. To develop an understanding of the role of
institutions in the functioning of an economy.
6. To enable candidates to compare their own
economic structure with that of the other areas
of the world.

2. To acquaint candidates with tools of economic
analysis.
3. To develop an understanding of important
economic problems.

CLASS XI
There will be one paper of 3 hours duration of
100 marks divided into 2 parts.

consumption, saving, Business cycle,
Aggregate demand and Aggregate supply.

Part 1 (30 marks) will consist of compulsory short
answer questions testing knowledge, application and
skills relating to elementary/ fundamental aspects of
the entire syllabus.

Meaning and difference between Micro
and Macro Economics. A conceptual
understanding of the terms: utility – types and
features, total utility, marginal utility and
diminishing marginal utility; price –
definition and general rise and fall in price;
value – real vs nominal value; wealth –
explanation of the term, classification
(personal and social); welfare – economic
welfare, social welfare and relation between
wealth and welfare; money – barter economy
vs money economy; market – meaning and
size; capital – meaning; investment –
meaning, investment as a process of capital
formation; income – meaning, factor incomes;
production – meaning; consumption –
meaning;
Concept
of
sustainable
consumption, saving – meaning and saving vs
savings.

Part 2 (70 marks) will consist of eight questions out
of which the candidate will be required to answer five
questions. Each question in this Part shall carry
14 marks.
Note: The syllabus is intended to reflect a study of...