AHSEC PUBLISHED NEW REVISED SYLLABUS OF ECONOMICS SUBJECT FOR HS 1ST YEAR
ASSAM HIGHER SECONDARY EDUCATION COUNCIL PUBLISHED NEW REVISED SYLLABUS FOR HS 1ST YEAR STUDENTS OF ECONOMICS SUBJECT
Part A: Introductory Microeconomics
Unit 1: Introduction
Marks 04
Periods 10
Marks 04
Periods 10
- Meaning of microeconomics and macroeconomics;
- Positive and normative economics
- What is an economy?
- Central problems of an economy: what, how and for whom to produce;
- Concepts of production possibility frontier and opportunity cost.
Unit 2: Consumer’s Equilibrium and Demand
Marks 13
Periods 25
- Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
- Indifference curve analysis of consumer’s equilibrium – the consumer’s budget (budget set and budget line), preference of the consumer (indifference curve, indifference map) and condition of consumer’s equilibrium.
- Demand, market demand, determinants of demand, Law of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand percentage – change method.
Unit 3: Producer Behaviour and Supply
Marks 15
Periods 32
- Meaning of production function – Short-Run and Long-Run
- Total Product, Average product and Marginal Product.
- Returns to a factor
- Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost ; Average fixed cost, average variable cost and marginal cost – meaning and their relationships.
- Revenue – total, average and marginal revenue – meaning and their relationship.
- Producer’s equilibrium – meaning and its conditions in terms of marginal revenue –marginal cost.
- Supply, market supply, determinants of supply, Law of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurements of price elasticity of supply- percentage-change method.
Unit 4: Forms of Market and Price Determination
Marks 10
Periods 20
- Perfect competition – Features: Determination of market equilibrium and effects of shifts in demand and supply.
- Other Market Forms – monopoly, monopolistic competition – their meaning and features.
- Oligopoly Market and Duopoly Market (concept only)
Unit 5: Simple Application of Demand and Supply:
Marks 08
Periods 12
- Price ceiling and Price floor.
Part B: Statistics for Economics
Unit 6: Introduction
Marks 05
Periods 08
- What is Economics?
- Meaning, scope, function and importance of statistics in Economics
Unit 7: Collection, Organisation and Presentation of Data
Marks 15
Periods 22
- Collection of data – sources of data – primary and secondary; how basic data is collected with concepts of Sampling; 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:
- (a) Geometric forms (bar diagrams and pie diagrams)
- (b) Frequency diagrams (histogram, polygon and Ogive) and
- (c) Arithmetic line graphs (time series graph).
Unit 8: Statistical Tools and Interpretation
Marks 30
Periods 60
For all the numerical problems and solutions, the appropriate economic interpretation may be
attempted. This means, the students need to solve the problems and provide interpretation for
the results derived.
- Measures of Central Tendency – Arithmetic mean, median and mode
- Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation and standard deviation): relative dispersion (co-efficient of range, coefficient of quartile – deviation, co-efficient of mean deviation, co-efficient of variation)
- Correlation – meaning and properties, 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, Steps to construct index number.
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