F1ED0374-DA4F-4131-A0B2-40074AC60543
F1ED0374-DA4F-4131-A0B2-40074AC60543
F1ED0374-DA4F-4131-A0B2-40074AC60543
PAPER –II
Part- I Senior Secondary Level
Meaning and definition of economics, Central problems of an economy and problem of choice,
Economic systems: characteristics and functions.
Demand and Supply, various concepts of elasticity of demand.
Production Function: Law of variable proportions and Returns to scale, Cost concepts and Cost
curves.
Revenue and their relationships, Forms of market and their characteristics, determination of price
and output under perfect competition and monopoly.
Macroeconomic Variables: Stock and flow variables, National Income- concepts, measurement
and their relationships, GNP and Welfare.
Money- Meaning and functions; Money supply and high powered money, functions of
Commercial and Central bank, Credit control methods.
Meaning and determinants of economic development, Problems of Indian Economy: poverty,
unemployment and inequality in India.
Balance of Payments- Meaning and components.
Measures of Central Tendency- Arithmetic mean, median and mode.
Quantity Theory of Money, Theories of demand for money, Inflation- Types and Control,
Phillips curve.
Objectives and tools of Monetary and Fiscal Policies.
Free Trade and Protection.
Theories of trade – comparative cost and opportunity cost, Terms of Trade.
Foreign Direct Investment, WTO, World Bank and IMF.
Measurement and Indicators of Development: PQLI, HDI, HPI and GDI, Various measurement
of poverty in India.
Measures of Dispersion, Index Number, Correlation- Simple, Rank correlation.
Economy of Rajasthan - Main features of Economy of Rajasthan- Forest, water, mineral and
livestock resources; Recent major development projects; Major welfare schemes of state
Government for SC/ST/Backward Classes/Minorities/Disabled Persons, Destitute, Women,
Children, Old Age People, Farmers and Labourers, Main features of agricultural, industrial,
service sector and tourism development in Rajasthan. Flagship Programmes of Government of
Rajasthan.