Welcoming Participants CBSEs Orientation Programme Economics

1
Welcoming ParticipantsCBSEs Orientation
Programme Economics

• 900 930 Registration
• 930 1000 Inauguration
• 1000 1100 Syllabus Changes
• 1100 1115 Tea Break
• 1115 100 Microeconomics
• 100 130 Lunch Break
• 130 245 Macroeconomics
• 245 300 Tea Break
• 300 400 Open Session

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Economics Syllabus 2010and Reading Material
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Economics Syllabus 2010
Economics
Macroeconomics
Microeconomics

• Introduction
• Consumer Equilibrium and Demand
• Producer Behaviour and Supply
• Forms of market and price determination
• Simple applications of tools of demand and supply

• VI. National Income and related aggregates
• VII. Money and Banking
• VIII. Determination of Income and Employment
• IX. Government Budget and the Economy
• X. Balance of Payments

4
Unit 1 Introduction

• Deletions
• Nil
• Additions
• Distinction between
• Planned and market economy
• Normative and positive perspectives in economics
• Microeconomics and macroeconomics
• Some basic tools in the study of economics
• Equation of a line
• Slope of a line
• Slope of a curve
• Topic made more specific
• Central problems of an economy

Non evaluative topic
5
Unit 2 Consumer Equilibrium Demand

• Deletions
• Nil
• Additions
• Indifference curve analysis of consumers
  equilibrium
• Consumers budget budget set and budget line
• Preferences of the consumer indifference curve
  and indifference map
• Conditions of consumers equilibrium
• Implied in previous syllabus but made explicit
• Factors affecting price elasticity of demand

6
Unit 3 Producer Behaviour Supply

• Deletions
• Returns to scale
• Additions
• Marginal revenue marginal cost approach to
  producers equilibrium
• Topic made more specific
• Production function TP, AP, MP

7
Unit 4 Forms of Market and Price Determination

• Deletions
• Nil
• Additions
• Oligopoly meaning and features

8
Unit 6 National Income Related Aggregates

• Deletions
• Nil
• Additions
• Real and Nominal GDP
• GDP and welfare
• Stocks and flows
• Implied in previous syllabus but made explicit
• Gross investment
• Depreciation
• Consumption goods
• Capital goods

9
Unit 7 Money and Banking

• Deletions
• Evolution of money
• Commercial banks meaning and functions
• Additions
• Supply of money currency held by the public and
  net demand deposits held by commercial banks
• Money creation by the commercial banking system
• Topic made more specific
• Central banking and its functions example of RBI

10
Unit 8 Determination of Income and Employment

• Deletions
• Nil
• Additions
• Nil

11
Unit 9 Government Budget and the Economy

• Deletions
• Plan and non-plan expenditure
• Developmental and non-developmental expenditure
• Balanced budget
• Surplus budget
• Deficit budget
• Measures to contain different deficits
• Additions
• Fiscal policy and its role (non-evaluative topic)

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Unit 10 Balance of Payments

• Deletions
• Merits and demerits of fixed exchange rates
• Merits and demerits of flexible exchange rates
• Additions
• Balance of payments deficit meaning
• Managed floating

13
Weightage by Content

• TOPIC MARKS
• Introduction 4
• Consumer Equilibrium and Demand 18
• Producer Behaviour and Supply 18
• Forms of Market and Price Determination 10
• National income and related aggregates 15
• Money and Banking 8
• Determination of income and employment 12
• Government Budget and the Economy 8
• Balance of Payments 7

14
Design of Question Paper

• No change in design of question paper
• Number of questions
• Types of questions
• Difficulty level
• Internal choices

Advise

• Follow the CBSE Syllabus for 2010

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Reading Material

• Relevant portions of the NCERT books
• Plus supplementary material prepared by CBSE
• Sample papers prepared by CBSE for 2010
• Previous years CBSE papers with marking schemes
• E-learning basket in Economics
• - Available on CBSE website www.cbse.nic.in

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Tips for Students

• Reading questions carefully
• Effective time management
• Shift towards understanding based questions
• Use of diagrams
• Question explicitly states
• Implied in the question
• State/ give meaning of type of questions
• Numerical questions
• Formula
• Substituting the correct values
• Solving the values