ICSE Class 10 Economics Applications (Projects)

ICSE Class 10 Economics Applications (Projects).

ICSE Class 10 Economics Board Project: Evaluation Criteria

Here are the criteria for Evaluation, when assessing the project for ICSE Class 10 Economics projects.

• Preparation of the material
• Procedure followed
• Observation of the various facts
• Inferences drawn
• Style of Presentation

Instructions: Economics Board Project

Index is important.
Write Acknowledgement and Bibliography
External Examiner and Internal Examiner on the Page

Here are some sample Economics Board Projects, and other commonly asked topics.

ICSE class 10 Economics Project: Banking / Money

Topic – Banking: Visit any two banks, find out about the educational loans that are offered by them. Compare and
contrast the data collected by you. Present your findings in the form of a report with supporting
statistical evidence.

Topic – Money: Write a futuristic article on the viability of the crypto currencies. In your article, you can have a segment wherein you can state its impact on the Indian economy as well. Your article should
contain a minimum of 500 words.

ICSE Class 10 Economics Project: GST

Topic: impact of GST

Visit a nearby store. Select five items of regular consumption. Study the following.

• The impact of GST on these five products; how this has impacted the demand for these products.
• How it has benefitted the producer, consumer, and the government.

ICSE Class 10 Economics Project: Economy

Topic – Inflation:
Prepare a report on the inflationary trend in India during the last decade.
Collect statistical data on the whole sale price indices in India for the relevant period of time.
Represent the same in a tabular form. You can also use line or bar diagrams to indicate the nature of
fluctuations in the price indices over the years.
Try to analyze the types of inflation, causes of inflation, etc.
Also indicate the credit control measures adopted by the Reserve Bank of India to contain
inflationary pressure.

Topic – Sectors of Indian economy

1. On the basis of its occupation, classify the major sectors of Indian economy
2. Give a statistical contribution of the above sectors in terms of income and employment to the Indian economy.
3. What is the contribution of the above two sectors to the Indian economy?
4. In brief write about the problems faced by the unorganised sectors of India? Is the unorganised sector a boon or a bane to the Indian economy?

Case Study: Make a visit to your local market or your surrounding area to do a research on any person or business you think is a part of the unorganized sector and find details about the following:
a) The nature of their business.
b) Approximated the amount invested for the business.
c) Approximate the amount of profit they earn.
d) Payment made by them to the government in terms of Taxes (GST)
e) How do they contribute to the society

ICSE class 10 Economics Project: Marketing

Topic – Product Differentiation
Take any two FMCG products sold by two different companies. Find out the variants of the product
made available by the company itself. Conduct a survey (a minimum of 25 people) to find out
consumer preference for the said product. Stick to the age group relevant to the product you choose.
Present your findings in the form of a report with evidences. You may use statistical tools to depict
the results clearly. Conclude your report by stressing on the importance of product differentiation.

ICSE class 10 Economics Project on Transportation

Project on Various modes of Transportation
Project on the construction of Highways in India
Project on the use of waterways to commute

ICSE class 10 Economics Project on Tourism in India

How doe tourism impact the overall economy

ICSE class 10 Economics Project on Wildlife

“Wildlife conservation efforts in India”

ICSE class 10 Project: More Topics

The following topics have been covered under ICE Class X Math projects:

• ICSE class 10 Economics Project on Shares & Dividends
• ICSE class 10 Economics Project on Home Budget

ICSE Class 10 Economics Applications Chapters

• Elementary Theory of Demand
• Elasticity of Demand
• Theory of Supply
• Factors of Production
• Nature and Structure of Markets
• The State and Economic Development
• Meaning and Functions of Money
• Inflation
• Commercial Banks
• Central Banking

More ICSE Class 10 Economics Applications

Question: Take a fast moving consumer good (FMCG) like washing machine detergent. Analyse the factors that determine the demand for this product. Present your findings in form of a class presentation.

Question: Develop a hypothetical table of information for coffee that shows quantity demanded at various prices and supply of coffee at these prices. Draw a demand curve and supply curve and show an equilibrium price at which market is cleared of its supplies.

Question: Make a list of products for which you think demand is price inelastic and price elastic. Specify the reasons you may think relevant for your analysis.

Question: Take a case of public enterprise which is about to be privatised or has been recently privatised. Analyse the pros and cons of such an exercise undertaken by the government. (The case of VSNL or BALCO can be taken up).

Question: Take a case of a nationalised (or any) bank — visit any one of its branches (or website) in your city. Analyse the main functions of this bank’s branch. Make a presentation to this effect.

Question: Recently rates of interests have been reduced on all the saving instruments. Carry out a survey of 30 people in your area as to what is their reaction to this cut. The sample may consist of salaried people. business people and professionals.

Question: Take a case of five FMCGs – fast moving consumer goods – bathing soaps, toothpastes, facial creams, shampoos, ball pens. Analyse as to how the market for these products is characterised by product differentiation.

Question: Take the case of a company and analyse the production process in which all the factors that you studied in your class, are used by the company to produce a product.

Economic Applications ICSE Class 10 Syllabus

There will be one theory paper of two hours duration of 100 marks and Internal Assessment of 100 marks.

The paper will consist of Part I and Part II.

Part I (compulsory) will contain short answer questions on the entire syllabus.

Part II will consist of questions that will require detailed answers. There will be a choice of questions.

THEORY – 100 Marks

1. Demand and Supply: Basic Concepts Demand – Meaning and Types of Demand Supply – Meaning

Law of demand and supply: demand and supply schedule and curve (both individual and market); movement and shift of the demand and supply curve; determinants of demand and supply; exceptions to the law of demand.

Meaning of Demand and Supply. Types of Demand (Joint Demand, Derived Demand and Composite Demand).

A basic understanding of the law of demand and supply in which demand and supply schedules are to be used to explain the demand and supply curves. The individual demand and supply curves must be distinguished from market demand and supply curves. Determinants of demand and supply are to be specified. Exceptions to the law of demand are to be discussed.

Elasticity of demand and elasticity of supply Meaning, types; percentage, method of measuring elasticity of demand and elasticity of supply, Factors affecting elasticity of demand and elasticity of supply.

The concept of price elasticity of demand and supply are to be explained with percentage method. The factors affecting the elasticity of demand and supply are to be specified. (Simple numericals should be taught).

2. Factors of Production: Basic Concepts Factors of production- Land, Labour, Capital and Entrepreneur.

Land- meaning and characteristics, functions and its importance, factors affecting productivity of land.

Destruction of ecosystem due to changing patterns of land use, migration, industrialization, shifting cultivation, dwelling units, mining, urbanization, construction of dams, etc.

Labour- meaning and characteristics. Division of labour – meaning, types, advantages and disadvantages. Efficiency of labour- meaning, reasons for low efficiency of Indian labour.

Capital – meaning, types and characteristics. Capital formation – meaning, factors affecting capital formation.

Entrepreneur – meaning, functions and role of entrepreneurs in economic development.

3. Alternative Market Structures: Basic Concepts

Nature and structure of markets- Perfectly competitive market, Monopoly market, monopolistically competitive market, concept of product differentiation, Monopsony market.

The main features of the following market structures are to be discussed in the context of present business scenario– Perfectly competitive market, Monopoly market, monopolistically competitive market, Monopsony market (meaning to be highlighted).

4. The State and Economic Development

The role of State in promoting development; the instruments of State intervention- fiscal policy and monetary policy; The Public sector enterprises – their role and problems; the issue of privatization of public enterprises.

A basic understanding of the role of the State in the economy needs to be highlighted in the context of Indian economy. The meaning of fiscal policy. Direct and Indirect Taxes (meaning, merits and demerits), Types of Taxes (progressive, regressive, proportional and degressive- meaning with examples). Monetary Policy – meaning only. Public sector – its role and problems. Reasons for Privatization.

5. Money and Banking: Basic Concepts

Money: meaning, functions of Money; Inflation – meaning, effects of inflation on the functioning of the economy (in brief). Banking: Commercial Banks – functions; Central Bank – functions; quantitative and qualitative credit control measures adopted by RBI.

A basic understanding of the concepts of money, its functions. Meaning and types of inflation to be discussed (Creeping, Walking, Running and Hyper-inflation). The impact of inflation on various economic entities such as debtors and creditors, fixed income groups and producers are to be explained very briefly. Functions of commercial banks and functions of RBI – qualitative and quantitative controls used by the RBI as part of its credit control measures should be explained.

NOTE: IT IS SUGGESTED THAT CASE STUDIES MAY BE DISCUSSED ON THE FOLLOWING TOPICS- Factors of Production , Banking , Inflation

INTERNAL ASSESSMENT – 100 Marks

Candidates will be required to do a minimum of four assignments during the year, as assigned by the teacher.

Suggested list of assignments:

1. Take a fast moving consumer good (FMCG) like washing machine detergent. Analyze the factors that determine the demand of this product. Present your findings in form of a class presentation.

2. Develop a hypothetical table of information for coffee that shows quantity demanded at various prices and supply of coffee at these prices. Draw a demand curve and supply curve and show an equilibrium price at which market is cleared of its supplies.

3. Make a list of products for which you think demand is price inelastic and price elastic. Specify the reasons you may think relevant for your analysis.

4. Take a case of public enterprise which is about to be privatized or has been recently privatized. Analyze the pros and cons of such an exercise undertaken by the government. (The case of VSNL or BALCO can be taken up).

5. Take a case of a nationalized bank – visit any one of its branches in your city. Analyze the main functions of this bank’s branch. Make a presentation to this effect.

6. Recently rates of interests have been reduced on all the saving instruments. Carry out a survey of 30 people in your area as to what is their reaction to this cut. The sample may consist of salaried people, business people and professionals.

7. Take a case of five FMCGs – fast moving consumer goods – bathing soaps, toothpastes, facial creams, shampoos, ball pens. Analyze as to how the market for these products is characterized by product differentiation.

8. Take the case of a company and analyze the production process in which all the factors that you studied in your class, are used by the company to produce a product.

EVALUATION

The project work is to be evaluated by the subject teacher and by an External Examiner. The External Examiner shall be nominated by the Head of the school and may be a teacher from the faculty, but not teaching the subject in the relevant section/class. For example, a teacher of Economics of Class XI may be deputed to be the External Examiner for Class X Economic Applications project work.

The Internal Examiner and the External Examiner will assess the candidate’s work independently.

Award of marks (100 marks)

Subject Teacher (Internal Examiner) : 50 marks External Examiner : 50 marks

The total marks obtained out of 100 are to be sent to the Council by the Head of the School.

The Head of the School will be responsible for the entry of marks on the mark sheets provided by the Council.