ECONOMICS XII

2017-18

THINK ECONOMICS THINK SOHIL SIR

PRESENTATION BY:-

CS. SOHIL GAJJARCOMMITTED TO EXCELLENCE

To provide opportunities to acquire analytical skills to observe and understand the economic realities.

To 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.

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.

Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically with reason-

ing.

ECONOMICS – XII [2017-2018]

TOTAL MARKS - 100PASSING MARKS - 33THEORY MARKS - 80PASSING MARKS - 26PROJECT - 20PASSING MARKS - 7

SYLLABUS – MICRO ECONOMICSUNITS MARKS PERIODS

PART – A INTRODUCTORY MICRO ECONOMICS

I INTRODUCTION 4 8

II CONSUMER BEHAVIOUR AND DEMANDi. CONSUMER EQUILIBRIUMii. DEMANDiii. ELASTICITY OF DEMAND

13 32

III PRODUCER BEHAVIOUR AND SUPPLYi. PRODUCTION FUNCTIONii. COSTiii. REVENUEiv. PRODUCER EQUILIBRIUMv. SUPPLYvi. ELASTICITY OF SUPPLY

13 32

IV FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION WITH SIMPLE APPLICATIONi. MAIN FORMS OF MARKETii. PRICE DETERMINATION WITH SIMPLE APPLICATIONS

10 28

SYLLABUS – MACRO ECONOMICSUNITS MARKS PERIODS

PART – B INTRODUCTORY MACRO ECONOMICS

V NATIONAL INCOME AND RELATED AGGREGATESi. CIRCULAR FLOW OF INCOMEii. BASIC CONCEPTS OF MACRO ECONOMICSiii. NATIONAL INCOME AND RELATED AGGREGATESiv. MEASUREMENT OF NATIONAL INCOME

10 28

VI MONEY AND BANKINGi. MONEYii. BANKING

6 15

VII DETERMINATION OF NATIONAL INCOME AND EMPLOYMENTi. AGGREGATE DEMAND AND RELATED CONCEPTSii. INCOME DETERMINATION AND MULTIPLIERiii. EXCESS DEMAND AND DEFICIENT DEMAND

12 27

VIII GOVERNMENT BUDGET AND ECONOMY 6 15

IX BALANCE OF PAYMENTi. FOREIGN EXCHANGEii. BALANCE OF PAYMENTS

6 15

SUGGESTED PAPER DESIGNSR. NO.

TYPOLOGY OFQUESTIONS

VERY SHORT – MCQ

[1 MARK]

SHORT ANSWERS – I

[3 MARKS]

SHORT ANSWERS –

II[4 MARKS]

LONG ANSWERS[6 MARKS]

MARKS %

1. REMEMBERING 2 - 2 2 22 27

2. UNDERSTANDING 2 1 2 1 19 24

3. APPLICATION 2 1 1 1 15 19

4. HIGH ORDER THINKING SKILLS

1 1 1 1 14 17

5. EVALUATION 1 1 - 1 10 13

TOTAL 8 X 1 = 8 4 X 3 = 12 6 X 4 = 24 6 X 6 = 36 80 [24] 100

THERE WILL BE ONE INTERNAL OPTIONS IN EACH 3, 4 & 6 MARKS QUESTIONS

GUIDELINES FOR PROJECTS [2017-18]

STUDENTS ARE SUPPOSED TO PICK ANY ONE OF THE TWO SUGGESTED PROJECTS.

I. Project (Option One) : What’s Going Around Us

II. Project (Option Two): Analyse any Concept from the Syllabus

PROJECT – I WHAT’S GOING AROUND US

The purpose of this project is to –

1. Enable the student to understand the scope and repercussions of various Economic events and happenings taking place around the country and the world.

2. Provide an opportunity to the learner to develop economic reasoning and acquire analytical skills to observe and understand the economic events.

3. Make students aware about the different economic developments taking place in the country and across the world.

4. Develop the understanding that there can be more than one view on any economic issue and to develop the skill to argue logically with reasoning.

5. Compare the efficacy of economic policies and their respective implementations in real world situations and analyse the impact of Economic Policies on the lives of common people.

6. Provide an opportunity to the learner to explore various economic issues both from his/her day to day life and also issues which are of broader perspective.

SUGGESTIVE TOPICS FOR [P – I]

1. The Dynamics of the Goods & Services Tax and likely impacts on the Indian Economy or 2. The Economics behind the Demonetisation of 500 and 1000 Rupee Notes and the Short

Run and Long Run impact on the Indian Economy or 3. The impact of BREXIT from the European Union etc.)4. Micro and small scale industries 5. Food supply channel in India 6. Contemporary employment situation in India 7. Disinvestment policy 8. Health expenditure (of any state) 9. Inclusive growth strategy 10. Human Development Index 11. Self help groups 12. Any other topic

SCOPE OF PROJECT – STUDENTS WORK – [P I]

Student may work upon the following lines: 1. Introduction 2. Details of the topic 3. Pros and Cons of the economic event/happening 4. Major criticism related to the topic (if any) 5. Students’ own views/perception/ opinion and learning

from the work 6. Any other valid idea as per the perceived notion of the

student who is actually working and presenting the Project-Work.

MARKING SCHEME – [P I]Marks are suggested to be given as –

Mode of Presentation and Submission of the Project: At the end of the stipulated term, each student will present the work in the

Project File (with viva ) to the external examiner.

SR. NO. HEADING MARKS

1. RELEVANCE OF TOPIC 3

2. KNOWLEDGE CONTENT/ RESEARCH WORK

6

3. PRESENTATION TECHNIQUE 3

4. VIVA 8

TOTAL 20

PROJECT – II ANALYSE ANY CONCEPT FROM THE SYLLABUS

The purpose of this project is to –

1. Develop interest of the students in the concepts of Economic theory and application of the concept to the real life situations.

2. Provide opportunity to the learners to develop economic reasoning vis-a-vis to the given concept from the syllabus.

3. Enable the students to understand abstract ideas, exercise the power of thinking and to develop his/her own perception

4. To develop the understanding that there can be more than one view on any economic is-sue and to develop the skill to argue logically with reasoning

5. Compare the efficacy of economic policies in real world situations 6. To expose the student to the rigour of the discipline of economics in a systematic way 7. Impact of Economic Theory/ Principles and concepts on the lives of common people

SUGGESTIVE TOPICS [P – II]

Price Determination Price Discrimination Opportunity Cost Production Possibility Curve Demand and its determinants Supply and its determinants Production – Returns to a Factor Cost function and Cost Curves Monopoly Oligopoly

Monopolistic Competition Credit Creation Money Multiplier Central Bank and its functions Government Budget & its Components Budget deficit Exchange Rate Systems Foreign Exchange Markets Balance of payments Any other topic

SCOPE OF PROJECT – STUDENTS WORK – [P II]

Following essentials are required to be fulfilled in theproject.

Explanation of the concept: 1. Meaning and Definition 2. Application of the concept 3. Diagrammatic Explanation (if any) 4. Numerical Explanation related to the concept etc. (if any) 5. Students’ own views/perception/ opinion and learning from the topic

MARKING SCHEME – [P II]Marks are suggested to be given as –

Mode of Presentation and Submission of the Project: At the end of the stipulated term, each student will present the work in the

Project File (with viva ) to the external examiner.

SR. NO. HEADING MARKS

1. RELEVANCE OF TOPIC 3

2. KNOWLEDGE CONTENT/ RESEARCH WORK

6

3. PRESENTATION TECHNIQUE 3

4. VIVA 8

TOTAL 20

FILE INTRODUCTORY PAGES

PAGE - IECONOMICS

PROJECT WORK

TOPIC

NAME OF THE SCHOOL:-NAME OF THE STUDENT:-CLASS:-CBSE ROLL NUMBER:-ACADEMIC YEAR:-TEACHER IN CHARGE:-

PAGE - IISCHOOL HEADER

A project report on “.........................................................”Submitted in partial fulfilment of Economics Practical Examination as per the guidelines issued by the CBSE for A.Y. 2017-18

CBSE ROLL NUMBER:- SUBJECT:- ECONOMICS

SUBMITTED BY:- SUBMITTED TO: CS. SOHIL GAJJAR

CLASS / DIVISION:-

PAGE - III

SCHOOL HEADER

ACKNOWLEDGEMENT I would like to thank God for providing me with everything that I required in completing this

project.I express my gratitude towards CS. Sohil Gajjar for his extended guidance and support

throughout this project work.I would give my special thanks to Mr. Principal of for his

great support by motivating and encouraging in every endeavour of ours.I want to thank my friends for their contribution and cooperation.A special thank to CBSE for the scheme of project introduction to make students discover

their inbuilt abilities.Last but no least I would like to thank my Parents for their love and support.

PAGE - IVSCHOOL HEADER

BONAFIDE CERTIFICATEThis is to certify that the project report entitled on Economics of “.........................................”

submitted by of class . This project isconsidered as a part of practical exam of AISSCE conducted by Central Board of Secondary Education is a bonafide record of project work carried out under our guidance and supervision at

School CBSE Surat

This project is evaluated on

INTERNAL EXAMINER NAME:- SIGNATURE

HEAD OF INSTITUTION NAME:- SIGNATURE

EXTERNAL EXAMINER NAME:- SIGNATURE