Economics 11th HSC Science (General) Maharashtra State Board Topics and Syllabus

• Basic Concepts in Economics 
  • Goods and Services 

  1. Kinds of Goods (and Services)

  • Utility

  1. Meaning
  2. Characteristics of Utility
  3. Types of Utility
  4. Measurability of Utility

  • Price
  • Market
  • Cost
  • Revenue
  • Equilibrium
  • Income
• Branches of Economics 

Basic Concepts in Economics

• Introduction
• Meaning of Economics
• Kautilya's Views on Economics
• Definitions of Economic
  Adam Smith's Wealth-Oriented Definition of Economics
  Prof. Alfred Marshall's welfare-oriented Definition of Economics
  Lionel Robbins' Scarcity-Oriented Definition of Economics

Branches of Economics

A) Micro Economics

• Kenneth Boulding's Definition of Micro Economics
• Basic Concepts of Micro Economics

1. Want
2. Goods and Services
3. Utility
4. Value
5. Wealth
6. Personal Income
7. Personal Disposable Income (PDI)
8. Economic activity

B) Macro-Economics

• Kenneth Boulding's definition of Macro Economics
• Basic Concepts of Macro Economics

1. National Income
2. Saving
3. Investment
4. Trade Cycles
5. Economic Growth
6. Economic Development

• Money 
  • Meaning
  • Definitions
  • Evolution of Money

  1. Barter System
  2. Metallic Standard
  3. Gold Standard
  4. Silver Standard
  5. Paper Currency Standard
  6. Plastic Money
  7. Crypto Currency

  • Functions of Money

  1. Primary Functions
  2. Secondary Functions
  3. Contingent Functions
  4. Other Functions 
• Types of Money 
• Qualities of Money 
• Functions of Money 
• Concept of Black Money 

Money

• Introduction
• Barter system and Difficulties in the Barter System

1. The problem of double coincidence of wants
2. Difficulties in the storage of goods
3. Indivisibility of certain goods
4. The problem of making deferred payments

• Definitions of Money

1. Prof Crowther
2. Prof Walker

• Evolution of money

Types of Money

• Animal money
• Commodity money
• Metallic money
• Metallic coins
• Paper Money
• Bank Money or Credit Money
• Plastic Money
• Electronic Money

Qualities of Money

• General Acceptability
• Divisibility
• Durability
• Cognizability
• Portability
• Homogeneity
• Stability

Functions of Money

A) Primary Functions

1. Medium of Exchange
2. Measure of Value or Unit of account

B) Secondary Functions

1. Standard of deferred payments
2. Store of value
3. Transfer of Value

C) Contingent Functions

1. Measurement of National Income
2. Basis of Credit
3. Imparts liquidity to wealth
4. Estimation of macro economic variables

Concept of Black Money

• Partition Values 
• Quartiles 
• Deciles 
• Percentiles 

Partition Values

• Introduction

Need for Partition Values

• Quartiles

1. Individual Data
2. Discrete Data
3. Continuous data

• Deciles

1. Individual Data
2. Discrete data
3. Continuous Data

• Percentiles

1. Individual Data
2. Discrete Data
3. Continuous data

• The Economy of Maharashtra 
• Economic Development of Maharashtra 

The Economy of Maharashtra

• Introduction
• Administrative Divisions of Maharashtra
• Important features of the economy of Maharashtra

Economic development of Maharashtra

1. Agricultural sector
2. Industry
3. Service Sector
4. Co-operative Movement in Maharashtra

• Rural Development in India 
• Significance of Rural Development in India 
• Agricultural Credit in India 

Rural Development in India

• Introduction
• Rural Development
• World Bank defines

1. Agricultural sector
2. Industrial Sector
3. Service Sector

Significance of Rural Development in India

1. Public health and sanitation
2. Literacy rate in a rural area
3. Empowerment of women
4. Enforcement of law and order
5. Land reforms
6. Infrastructure development
7. Availability of credit
8. Eradication of poverty

Agricultural Credit in India

• Types of Agricultural Credit

1. Tenure
2. Purpose

• Source of Agricultural Credit in India

1. Non-Institutional Sources
2. Institutional Sources

• Population in India 
• Trends in Population Growth 
• Theories of Population Growth 
• Stages of Demographic Transition 
• Population Explosion in India 
• The Population as a Human Resource Introduction 
• Role of Human Resources in Economic Development 

Population in India

• Introduction

Trends in Population Growth

1. Marginal Decline in the population (1911-1921)
2. Year of Great Divide
3. Positive growth rate (1931-1941)
4. Increase in the population (1951 onwards)
5. Population Explosion (1971-2001)
6. Slow down in population growth rate (2001-2011)

Theories of Population Growth

1. Malthusian theory of population growth
2. Theory of Demographic Transition

Stages of Demographic Transition

1. First stage (Low growth of population)
2. Second stage (High growth of population)
3. Third stage (Low or Stable population

Population Explosion in India

• Causes of high birth rate
• Causes of low death rate
• Measures to check population explosion

The population as a Human Resource Introduction

Role of human resources in economic development

• Unemployment 
• Types of Unemployment 
• Causes for Unemployment 
• Specific Measures Undertaken by the Government to Generate Employment Opportunities 

Unemployment in India

• Introduction
• Meaning of Unemployment

Types of Unemployment

1. Rural Unemployment
2. Urban Unemployment

Causes of Unemployment

Specific Measures undertaken by the Government to generate employment opportunities

• Poverty in India 
• Types of Poverty 
• Causes of Poverty 
• General Measures to Eradicate Poverty 

Poverty in India

• Introduction
• Meaning of Poverty
• Concepts of Poverty
• Poverty Line
• Extent of Poverty in India
• Estimates of Poverty

Types of Poverty

Causes of poverty

General measures to eradicate poverty

• Economic Policy of India since 1991 
• Components of New Economic Policy (NEP) 
• Evaluation of the Economic Policy of 1991 

Economic Policy of India since 1991

• Introduction
• Main Objectives of the Economic Policy of 1991
• Features of the Economic Policy of 1991

Components of new economic policy(NEP)

1. Liberalisation
2. Privatisation
3. Globalisation

Evaluation of the Economic Policy of 1991

• Economic Planning in India 
• 12th Five Year Plan (2012-2017) 
• NITI Aayog (National Institution for Transforming India) 
  • Functions of NITI Aayog

Economic Planning in India

• Introduction
• Meaning and Definitions of Economic Planning
• Features of Economic Planning

12th Five Year Plan (2012-2017)

• targets of 12th five-year plan

NITI Aayog (National Institution for Transforming India)

• Think-Tank Functions
• Structure of NITI Aayog
• Functions of NITI Aayog