NIOS SYLLABUS Subject name:Economics


NIOS
Subject name:Economics
Subject Code:318
Introduction
Economics helps the people of a nation to decide on the optimal allocation of our limited resources.
The demand is always greater than the resources available. Economics gives a guidance to manage
the scarcity of available resources. Economics can reduce unemployment. Without Economics, welfare of the citizens is not possible. Economics can make society a better place. The curriculum in Economics at Senior Secondary Level has been designed to help specific needs of NIOS learners.The main areas covered relates to the daily working environment of the learners.
Rationale
Economics has become a very sought after subject in the field of Social Science. The knowledge of
Economics is very important in pursuing various activities in everyday life such as production,
consumption and investment. In Consumption, every individual wants to utilize the income in the
best possible manner so as to get maximum satisfaction from the goods and services purchased.
Similarly, as producer, the individual/firm/industry uses the resources to minimize cost and get
maximum output/profit. At the economy level, everybody wants that there should be economic growth
and development through higher income and employment. Study of economics is very useful to
achieve these goals.
At NIOS, students are introduced to the subject of Economics at Secondary stage. The level at this
stage is elementary in nature. However, at the Senior Secondary level, students will be exposed to
more areas of economics. They are also expected to know the use of tables and graphs/statistical
tools to understand and explain various concepts and theories of economics.

Objectives
After completing this course, the learner will be able to:
 understand the structure, problems, working and recent changes in the Indian economy;
 recall principles, laws and concepts of Economics;
 distinguish between factor incomes and non-factor incomes;
 collect, classify and present economic data;
 construct pie chart, frequency polygon and histogram;
 use statistical tools to analyse, interpret and explain data; and
 explain producer’s and consumer’s behaviour.

Scope and job opportunity
This field has a large number of opportunities for employment, some of these are:
121
 Economic policy maker in every organization.
 Teaching Economics.
 Research.
 business, government, education etc.

Eligibility conditions
Age: 15 Years
Qualification:10th pass

Medium of instruction: Hindi, English, Urdu, Bengali, Gujarati and Odia
Duration of the course: 1 Year

Weightage
Theory: 100 Marks
Tutor Marked Assignment (TMA): 20% Marks of theory
Scheme of studiesTheory (300 hours), TMA (self paced)
Scheme of evaluation: Theory paper 100 marks (3 hours), internal assessment (TMA) (20% of
theory marks)
Mode of evaluation
Syllabus/Contents
Duration
Weightage
Tutor Marked Assignment(TMA)
All contents under Part-1(Module 1,2,& 3)
Self paced
20%
Public Examination
All contents under Part-2
(Module 4 to 11)
3 Hours
80%

Pass criteria: 33% marks in theory
S.
NO.
Module/Topics
Duration
(In hours)
Module Approach/Description
Weightage
(marks)
PART-1

Course content
1. Module-I
Indian Economic
Development
1. Overview of Indian
2. Economic Planning in India
 Module-II
Current Challenges
before the Indian
Economy
3. Economic Growth and
Economic
Development
4. The Problem of
Unemployment,
Poverty and Inequality

 Module-III
Introduction to Statistics
5. Meaning, Scope and
its Need in Economics
6. Collection and
Classification of Data
7. Presentation of data

 PART – 2
 Module-IV
Statistical Tools
8. Measures of Central
Tendencies
9. Measures of
Dispersion
10. Correlation Analysis
11. Index Numbers

 Module-V
Introduction to
Economics
12. Introduction to the
Study of Economics
13. Central Problems of
an Economy

 Module-VI
Consumer’s Behaviour
14. Consumer’s
Equilibrium
15. Demand
16. Price Elasticity of
Demand


 Module-VII
Producer’s Behaviour
17. Production Function
18. Cost of Production
19. Supply
20. Price Elasticity of
Supply

Module-VIII
Market and Price
Determination
21. Forms of Market
22. Price determination
Under Perfect
Competition
23. Revenue and Profit
maximization of a
Competitive Firm

Module-IX
National Income
Accounting
24. National Income and
Related Aggregates
25. National Income and
its Measurement

Module-X
Theory of Income and
16 Consumption function, saving
function and investment function,

Employment
26. Consumption, Saving
and Investment
27. Theory of Income
Determination

Module-XI
Money, Banking and
Government Budget
28. Money and Banking
29. Government and the
Budget

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