RIDGE COURSE - ECONOMICS

CLASS XI
S NO
Name of the Topic
Objective
Areas to be covered
Suggested Methodology
Teaching Aids
Time
1
Correlation
Understand the concepts of correlation, to analyse measurement of correlation.
Defination, Types of Correlation, Methods of Measuring Corelation, Numerical expalnation.Karl
Pearsons Coefficient of correlation,Spearman's Rank Correlation Method.
Lecture method & Activity Method
Black Board, Power Point Presentation.
90 Minutes
2
Measures of Central Tendency
Understand the concept of Central Tendency, identify various methods to measure Central Tendency,
understand the concept of Mean, Median, Mode.
Defination of Mean, Median, Mode. (with numerical expalnation)

Activity Method & Lecture Method

Power Point Presentation, charts
90 Minutes
3
Index Number
Understand the importance of Index number and problem in constructing index number.
Defination, Types of Index Number, Simple and weighted index number, Simple Aggregative method,
simple average of price relatives method Weighted average of price related method, Importance &
Problems in construction of Index number
Lecture method & Activity Method
Chalk, black board
90Minutes
4
Measure of Dispersion
Understand the various types of dispersion.
Defination,Absoulte measures- Range, Quartile deviation, Mean deviation, Standard Deviation.
Relative Measures- Co effcient of Range, Quartile Deviation, Mean deviation, Standard deviation.
Lorenze Curve.
Lecture method
Slide show, Black board.
90 Minutes
5
New Economic Policy
Understand the reform policies introduced in 1991 and be aware of reform process.

Need of Economic reforms.Defination and measures of Liberalisation, Globlisation and Privatisation.

Positive and Negative impact of Reforms.
Lecture Method
Power Point Presentation
60 Minutes
6
Human Capital Formation
To understand the role of Human Capital Formation in Economic development of the country.
Concept, Source of Human capital formation-Education. Health, Housing etc.
Lecture cum interaction with students
Slide show
45 Minutes
7
Collection of Data
Students will be able to understand the meaning and purpose of data collection, students will be
familier with the sample and census methods of collecting data.
Meaning of Primary, secondary, census and sampling method. sources of secondary data. Personal
interview, questionnaire,Telephone interview.Difference between Primary and secondary data and
Census and sampling methods
Lecture cum interaction with students
Power point presentation.
45 Minutes

Economics
CBSE Assignment for Class 11 Economics -Collection of Data . Based on CBSE and
CCE guidelines. The students should read these basic concepts to gain perfection
which will help him to get more marks in CBSE examination.
Collection of Data
* For statistical investigation, collection of data is the first and foremost.
Important points to be kept in mind While drafting the questionnaire
A. Introduction and purpose of investigation.
B. Reasonable number of questions.
C. Questions should be small & clear.
D. Questions should be arranged logically.
E. Instructions should be clear.
F. Proper space for answer.
G. Questions should be relevant to the investigation.
H. Personal questions should be avoided.
I. Avoid questions of calculations.
Methods of Sampling
Random Sampling
Non-Random Sampling
a. Simple or unrestricted
a. Judgement sampling random sampling
b. Restricted random sampling
b. Quota sampling
i) Stratified
c- convenience sampling
ii) systematic
iii) multistage or cluster sampling.
* Census survey : In this method every element of population is included in the
investigation.
* Sample Survey : In this method a group of units respresenting all the units of the
population is investigated.
* Population or universe : In statistics population or universe simply refers to an
aggregate of items to be studied for an investigation.
*Sample : A group of items taken from the population for investigation and
representative of all the items.
* Sampling Errors : Sampling error is the difference between the result of studying a
sample and the result of the census of the whole population
Questions.

1. Differentiate between primary and secondary data.

2. Write four merits of census method of collecting the data.
3. Mention three demerits of sample method of collecting the data.
4. Distinguish between sampling and non-sampling errors.
5. What is meant by census method?

6. What do you mean by random sampling?.

7. Discuss the term universe and sample with example.
8. Census of India is the main source of secondary data. explain.
9. What is pilot survey? explain its importance.

Economics
CBSE Assignment for Class 11 Economics -Introduction . Based on CBSE and CCE
guidelines. The students should read these basic concepts to gain perfection which will
help him to get more marks in CBSE examination.
Unit-I
Introduction
Points to Remember
* Economics :
* Economics is a science that studies human behaviour as a relationship between ends
scare means which have alternative uses.
* Scarcity means shortage of goods and resources in relation to their demand
* Resources are
(A) Scare / limited and
(B) have alternative uses
* Economic activities are thoise activities which are associated to earn money and
wealth for life. These activities generate new income and increse the flow of goods and
services.
* Non economic activities are those activities which are not related to earn money and
wealth. These activities neither generate income nor increase the flow of goods &
services.
* Consumer : Consumer is an economic agent who buys the goods and services to
satisfy his wants.
* Producer : is one who produces goods and services for the generation of income.
* Serviceholder : A person who is in job and gives his services as a factor of production
to earn wage or salary. i.g. Govt. teacher.
* Service Provider : A person who provides services to final consumer to earn money
e.g. transporter, auto driver.
* Statistics : Statistics is a method of taking decisions on the basis of numerical data.
Question
1. Define economics.
2. State the meaning of scarcity.
3. Write the meaning of statistics in plural sense.
4. Give meaning of statistics in singular sense.
5. State one limitation of statistics.
6. What do you mean by economic activity?
7. What are non-economic activities?.

8. Write one function of statistics.

9. Define consumer.
10. Who is a producer?.

1.

The weekly salaries of six employees at McDonalds are $140, $220, $90, $180, $140,
$200. For these six salaries, find: (a) the mean (b) the median (c) the mode

Answer
1. List the data in order: 90, 140, 140, 180, 200, 220

Mean:

90+ 140+ 140+ 180 + 200 + 220 =

6

Median: 90,140,140,180,200,220
The two numbers that fall in the middle need to be
averaged. 140 + 180 = 160
2
Mode: The number that appears the most is 140

2. Andy has grades of 84, 65, and 76 on three math tests. What
grade must he obtain on the next test to have an average of exactly
80 for the four tests?
Answer
2. 84 + 65 + 76+ x = 80(average) cross multiply
4

and solve
(4)(80) = 225 + x
320 = 225 + x
-225 -225
95 = x

Andy needs a 95 on his next test.

3.Test scores for a class of 20 students are as follows:

93, 84, 97, 98, 100, 78, 86, 100, 85, 92, 72, 55, 91, 90, 75, 94, 83, 60, 81, 95
a) Copy and complete the table shown at the left.
Test
Scores

Frequency

91-100
81-90

b) Find the modal interval.

The "modal interval" is the interval containing the
greatest frequency. It is not the mode.
c) Find the interval that contains the median.

71-80
61-70
51-60

Answer

3.
Test
Scores
91-100
81-90
71-80
61-70
51-60

Frequency
9
6
3
0
2
20 total

b. 91-100 is the modal

interval. This interval
has the most data.

c. The middle of 20 is 10. If I count from

the top, 10 will fall in the interval 81-90.
If I count from the bottom and go up, 10
will fall in the interval 81-90. The
interval that contains the median is
81 - 90.

4. a.) A storeowner kept a tally of the sizes of suits purchased in her store. Which
measure of central tendency should the storeowner use to describe the average size
suit sold?
b.) A tally was made of the number of times each color of crayon was used by a
kindergarten class. Which measure of central tendency should the teacher use to
determine which color is the favorite color of her class?
c.) The science test grades are posted. The class did very well. All students taking
the test scored over 75. Unfortunately, 4 students were absent for the test and the
computer listed their scores as 0 until the test is taken. Assuming that no score
repeated more times than the 0's, what measure of central tendency would most likely
give the the best representation of this data?
Answer
4. a.) The measure of central tendency that should be used to describe average is mean. Mean
is the average of a set of data.
b.) The favorite color would be the color appearing the most number of times. Use the mode.
c.) The mode in this set would be 0 and these 0's are acting as outliers for the data.
The median is least affected by outliers and would most likely give the more positive view of the
grades. Averaging in 4 zeros would dramatically lower the mean.

5. In January of 2006, your family moved to a tropical climate. For

the year that followed, you recorded the number of rainy days that
occurred each month. Your data contained 14, 14, 10, 12, 11, 13,
11, 11, 14, 10, 13, 8.
a. Find the mean, mode, median and range for your data set of
rainy days.
b. If the number of rainy days doubles each month in the year
2007, what will be
the mean, mode, median and range for the 2007 data?
c. If, instead, there are three more rainy days per month in the year
2007, what will
be the mean, mode, median and range for the 2007 data?
Answer

5.
mean

mode

median

range

a.)

11.75

11, 14

11.5

8 - 14

b.)

23.25

22, 28

23

16 - 28

Notice that if you double each data entry, you double

the mean, mode, median and range.
c.)

14.75

14, 17

14.5

11 - 17

Notice that if you add three to each data entry, you

add three to the mean, mode, median and range.

6.

The values of 11 houses on

Washington Street are shown
in the table.
a. Find the mean value of
these houses in dollars.
b. Find the median value of
these houses in dollars.
c. State which measure of central tendency, the mean or
the median, best represents the values of these 11
houses. Justify your answer.

Answer
6.
a. Mean:

100000 + 5(175000) + 4(200000) + 700000 = 225,000

11
b. Median: 100000, 175000, 175000, 175000, 175000, 175000, 200000, 200000, 200000,
200000, 700000
Median can be seen to be 175000.
OR simply find where the middle (6th value) occurs: 175000
c. Best: The median best represents the values of the homes since the mean value has only one
home price higher than the mean.