ICSE Class 9 Syllabus 2027 Economics

ICSE YEAR 2027

INDIAN CERTIFICATE OF
SECONDARY EDUCATION
EXAMINATION

ECONOMICS
(64)

February 2025
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aspirations.

ECONOMICS (64)

Candidates offering Economic Applications in (Group III) are not eligible to offer Economics (Group II)
Aims: 3. To acquire knowledge of contemporary economic
1. To acquire the knowledge of terms, facts, problems and to appreciate the efforts being made
concepts, trends, principles, assumptions, etc. in to solve these problems.
Economics. 4 To develop an understanding of the Nation’s
2. To develop familiarity with the basic terminology physical and human resources and how to avoid
and elementary ideas of Economics. their misuse.
5. To understand the various economic processes
that help in improving our standard of living.

CLASS IX
There will be one paper of two hours duration (iii) Economic growth and development.
carrying 80 marks and Internal Assessment of 20 Meaning and differences.
marks.
3. Problems of an Economy
1. Introduction to Economics
(i) Limited availability of Resources.
(i) Definition of Economics according to Adams,
Robbins, Keynes and Samuelson. Meaning and types of resources with
Self-explanatory. examples; meaning and examples of limited
resources; an understanding of the basic
(ii) Micro & Macro Economics.
economic problem - Human wants are
Meaning, difference and examples only.
unlimited in relation to limited resources that
(iii) Types of activities. have alternative uses; need for efficient use of
Economic and non-economic activities: resources (brief understanding with an
meaning and examples; difference between example.)
Economic and non-economic activities.
(ii) Central problems of an economy.
(iv) Basic Economic terms.
What to produce? How to produce? For whom
Meaning of the following economic terms: to produce? - A brief understanding with
Wants, Goods, services, wealth, utility, examples.
production, consumption, sustainable
consumption, factors of production, market, 4. The Indian Economy: A Study
price, value, income, saving, wealth, welfare, (i) Primary Sector: Agriculture - contribution of
economy. agriculture; problems of Indian agriculture;
(v) Entities. government measures to increase agricultural
Government sectors, firms, households, production; Green revolution and its impact;
foreign sector: meaning only. food security.
2. Types of Economies (a) Agriculture and allied activities:
meaning; contribution of agriculture to
(i) On the basis of Nature.
employment, industry, trade and self-
Capitalist Economy, Socialist Economy, sufficiency in food production: a brief
Mixed Economy – with reference to India understanding of the above.
(meaning and differences). (b) Problems of Indian Agriculture: a brief
(ii) On the basis of Development. understanding of: limited use of
Developed Economy and Developing technology, fragmentation of land
Economy: meaning and differences. holdings, dependence on monsoon, lack of
rural credit facilities, inadequate storage
& marketing facilities.

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(c) Government measures to improve (ii) Unemployment
agricultural production: Use of High Meaning; Types: Seasonal, Structural,
Yielding variety seeds, use of fertiliser Technological: meaning and example of each.
and insecticides, Better irrigation
facilities, Adoption of technology, Setting Causes of unemployment- any five to be
up of agricultural research centres and discussed.
institutes, Provision & expansion of rural (iii) Schemes and Programmes introduced by the
credit facilities. Provision of better government to remove poverty &
storage and marketing facilities: a brief unemployment.
understanding of the above. Any two programmes to be studied with the
(d) Green Revolution: meaning and its objectives. For example, IRDP, JRY, PKVY,
positive impacts. HRIDAY, MNREGA, etc.
(e) Meaning of Food Security; role of Food 6. Major Reforms and Emerging trends in the
Corporation of India(FCI). Indian Economy
(ii) Secondary: Industry: meaning and types; (i) LPG Model
adverse impacts of industrialisation and
measures to overcome adverse impacts. Liberalisation, Privatisation and
Globalisation: meaning of each term and its
(a) Meaning of Industry; a brief
positive impact on the Indian economy.
understanding of the interdependence of
Agriculture and Industry. (ii) Smart city
(b) Types of Industries; large scale and Concept of Smart city; Case Study: take one
medium scale Industries. Meaning, suitable example of a smart city and discuss
features and examples only. Cottage & the development taken place in the form of
Small-Scale Industries. Meaning, features infrastructure development, reduction of
and examples; significance with reference unemployment, poverty alleviation, HR
to India. development and industrial development.
(c) Adverse impacts of industrialisation: a (iii) ‘Digital India’ and ‘Skill India’.
brief understanding of the adverse
Case study of each of (ii) and (iii) (not to be
impacts with reference to industrial
tested).
pollution and deforestation; measures to
overcome the adverse impacts:
Afforestation, Waste management
INTERNAL ASSESSMENT
(meaning only). The minimum number of assignments:
(iii) Tertiary Sector: Education and Healthcare, One project/assignment as prescribed by the teacher
Transportation, Banking, Insurance, from the syllabus.
Communication, Storage and Warehousing. Suggested Assignments:
Role of each of the above in the economic 1. A case study on the effects of industrial pollution.
development of the country in brief with the
help of examples. 2. Conduct a research on the local economy using
any one parameter, for example, education, health,
5. Major Problems of the Indian Economy employment and so on.
(i) Poverty 3. Conduct a research on any industry and study how
Meaning of poverty line - concept based on the output has been impacted post liberalisation
calorie intake; Relative and absolute poverty: and globalisation.
meaning with examples; causes of poverty: 4. Analyse any recent government scheme in context
any five causes of poverty to be discussed. to the infrastructural development in the country.
5. Visit a small scale or cottage industry and write a
report on the basis of the techniques of production
being used.

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