OFFICIAL SYLLABUS

Unit 1: Introduction

What is Economics?

Meaning: Scope and importance of statistics in Economics?

Unit 2: Collection, Organisation, and Presentation of Data

Collection of data Sources of data – primary secondary how basic data is collected: Methods of collecting data; Some important source of secondary data; Census of India and National Sample Survey Organization.

Organization of Data: Meaning and types of variables: Frequency Distribution.

Presentation of Data: Tabular Presentation and Diagrammatic Presentation of data.

I) Geometric forms (bar diagram and pie diagrams)

II) Frequency diagrams (histogram, polygon, and ogive) and

III) Arithmetic line graphs (times series graph)

Unit 3: Statistical Tools and Interpretation

(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 Centre Tendency- means (Simple and weighted), median and mode.

Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation, and standard deviation); relative dispersion (co-efficient of variation); Lorenz Curve: Meaning and its application.

Correlation – meaning, 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.

Unit 4: Development Projects in Economics (Project work)

The students may be encouraged to develop projects, which have primary data, secondary data or both. Case studies of a few organization/ outlets may also be encouraged. Some of the examples of the projects are as follows (they are not mandatory but suggestive);

i) A report on the demographic structure of your neighborhood;

ii) Consumer awareness amongst households

iii) Changing prices of a few vegetables in your market iv) Study of a cooperative institution milk cooperatives

The idea behind introducing this unit is to enable the students to develop the easy and means by which a project can be developed using the skills learned in the course. This includes all the steps involved in designing a project starting from choosing a title, exploring the information relating to the title collection of primary and secondary data, analyzing the data, presentation of the project and using various statistical and their interpretation and conclusion.

Unit 5: Indian Economic Development

Development Politics and Experience (1947- 90)

A brief introduction of the state of Indian economy on the eve of independence.

Common goals of Five Year Plans.

Main features, problems and polices of agriculture (institutional aspects and new agricultural strategy etc), industry (industrial licensing etc) and foreign trade.

Unit 6: Economic Reforms since 1991

Need and main features – liberalization, globalization and privatization;

An appraisal of LPG policies.

Unit 7: Current Challenges Facing Indian Economy

Poverty – absolute and relative; Main programs for poverty alleviation; A critical assessment.

Rural development; Key issues – credit and marketing role of cooperatives.

Human Capital Formation; how people become resource; Role of human capital in economic development; Growth of Education Sector in India.

Employment; Growth, informalisation and other issues; Problems and policies

Infrastructure; Meaning and types; Case Studies; Energy and Health; Problems and Policies – A critical assessment;

Sustainable Economic Development.

Meaning Effects of Economic Development on Resources and Environment.

Unit 8: Developing Experience of India

A Comparison with neighbors

India and Pakistan

India and China

Issues: growth, population, and other developmental indicators.

Books Suggested

1. Indian Economic Development, Published by NCERT New Delhi

2. Statistics for Economics, Published by NCERT NewDelhi

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