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ICSE YEAR 2027
INDIAN CERTIFICATE OF
SECONDARY EDUCATION
EXAMINATION
ECONOMIC
APPLICATIONS
(87)
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February 2025
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School Certificate Examinations. This publication and no part thereof may be reproduced, transmitted, distributed or
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Examinations.
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Council for the Indian School Certificate Examinations (CISCE)
MISSION STATEMENT
The Council for the Indian School Certificate
Examinations is committed to serving the nation's
children, through high quality educational
endeavours, empowering them to contribute towards
a humane, just and pluralistic society, promoting
introspective living, by creating exciting learning
opportunities, with a commitment to excellence.
ETHOS OF CISCE
Trust and fair play.
Minimum monitoring.
Allowing schools to evolve their own niche.
Catering to the needs of the children.
Giving freedom to experiment with new ideas
and practices.
Diversity and plurality - the basic strength for
evolution of ideas.
Schools to motivate pupils towards the
cultivation of:
Excellence - The Indian and Global
experience.
Values - Spiritual and cultural - to be the bedrock
of the educational experience.
Schools to have an 'Indian Ethos', strong roots in
the national psyche and be sensitive to national
aspirations.
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ECONOMIC APPLICATIONS (87)
Candidates offering Economics (Group II) are not eligible to offer Economic Applications (Group III).
Aims: 3. To provide students with hands-on-experience in
analyzing economic problems that they normally
1. To familiarize students with the basic concepts
come across.
of economics and economic phenomenon.
2. To develop their analytical skills.
CLASS IX
There will be one theory paper of two hours duration A basic understanding of the features of
of 100 marks and Internal Assessment of 100 marks. capitalistic, socialistic and mixed economies
is required. Meaning and classification of
THEORY – 100 Marks economies into developing and developed
should be explained.
1. Basic Concepts of Economics
(i) Meaning and definition of Economics; 2. An Overview of Indian Economy
Economic entities: Consumer, Producer, The nature of Indian economy: the main sectors of
Households and Government. The importance Indian economy - Agriculture, Industry and
of these economic entities. The meaning of an Services. Role of these sectors in Indian economy
economy and role of the economic entities. and their interrelationship. The sectors according
to ownership- private and public; the sectors
A basic understanding of the concepts of
according to type of economy- rural and urban.
economics. The definitions of economics with
reference to allocation of resources and Role of agriculture in India and its problems.
scarcity of resources (Robbins, Samuelson). Impact of Agricultural practices on the
Basic explanation of the role of consumer, Ecosystem.
producer, government and households in an
Construction of dams- loss of habitat species.
economy.
Loss of top soil and desertification.
(ii) Three major problems of an economy: What
to produce? How to produce? For whom to Indiscriminate use of fertilizers and pesticides.
produce? Efficient use of resources; basic Measures to check the ecosystem;
understanding of the terms: economic growth Governmental initiatives: not building large dams
and economic development for generating hydroelectric power which leads to
A brief introduction to the basic problems of less land being submerged and less displacement
an economy - What to produce? How to of people.
produce? For whom to produce? Needs to be Alternative cropping for checking loss of topsoil
emphasized irrespective of the type of an and desertification. Plantation and conservation
economy. Manner in which economics as a of grasslands to check soil erosion. Use of
subject helps us to allocate scarce resources manure, bio-fertilizers and bio-pesticides green
in an efficient way needs to be explained. The manuring, compost. These are eco-friendly
concept of economic growth and economic alternatives to pesticides and fertilizers.
development should be explained. Role of Industries in the Indian Economy.
(iii) The nature and the classification of an
Impact of industrial practices on the ecosystem.
economy: developed, underdeveloped and
developing economy; Capitalistic, Socialistic, Mining, industries, energy generation,
Mixed economies- main features. automobiles, urbanisation leading to defacement
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of land, deforestation, deterioration of 5. Globalization
hydrological resources.
Meaning and factors enabling Globalization, WTO,
Industrial waste: mining operations, cement impact of Globalization.
factories, oil refineries, construction unit.
Meaning of globalization. Factors enabling
Spoilage of landscape, pollution, health hazards, globalization – technology and liberalization
effect on terrestrial, aquatic (fresh water and (removal of trade barriers).
marine) life. WTO (main objectives), favourable impacts of the
Measures to check the ecosystem. globalization – starting of MNC’s and benefits to
Improving efficiency of existing technologies and Indian companies.
introducing new eco-friendly technologies.
NOTE: It is suggested that case studies may be
Methods of safe disposal of waste - segregation, discussed on the following topics:
dumping, composting, drainage, treatment
• of Globalization
effluents before discharge. • Consumer Awareness
Abatement of pollution. • Bhopal Gas Tragedy
Air: setting standards and implementing them, • Chernobyl Disaster
using technical devices to reduce pollution.
Importance of Service Sector – National Income, INTERNAL ASSESSMENT – 100 Marks
Employment and Regional Development (in brief, Candidates will be required to do a minimum of four
no statistical data required). Interdependence of assignments during the year, as assigned by the
all three sectors (Primary, Secondary and teacher.
Tertiary).
Meaning of Private and Public sector with Suggested list of assignments:
examples. Meaning of Rural and Urban sector 1. Identify 100 consumers of major brands of edible
with examples. oils in a locality/ area where you live. Draw up the
pattern of their monthly expenditure on this
3. Infrastructure of the Indian Economy product and compare it with the other household
Economic and social infrastructure of Indian expenditure. Make a presentation of your findings
economy. Social infrastructure- education, health, in class.
family welfare and housing.
2. Identify the major brands of bathing soaps that are
A basic understanding of the economic and social available in the market in your area. Select a
infrastructure and its role in India’s economic sample of 10 shops/ department stores that sell
development. The problems pertaining to lack of these brands and collect the sales of these brands
such infrastructure and their adverse impact on over a period of one week at these shops. Identify
the economy to be discussed. the brands that sell the most and make a
presentation for your class.
4. Consumer Awareness
3. Make a presentation on the central problems an
Ways in which consumer is exploited. Reasons for economy faces. Explain these with reference to the
exploitation of consumers; Growth of consumer Indian economy.
awareness; consumer behaviour in the market;
consumer rights. Legal measures available to 4. Take a developed country such as the USA and a
protect consumers from being exploited – developing country such as India. Analyze the
(COPRA, RTI). main characteristics of these economies.
Understanding the importance of educating 5. Outline the main modes of transport in the
consumers of their rights - awareness of food district/city you live. What problems do you and
adulteration and its harmful effects. other citizens face pertaining to the availability of
public transport? Analyse.
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6. Take a table of food grain production in India from 8. Make a presentation of the major trading partners
any textbook on Indian economy or any other of India in the last 15 years. Specify the major
secondary source such as internet. Interpret the changes that have taken place in the last five years.
changes in the production over a given period of 9. What are the major items of export and imports
time. from India in the last five years? Use secondary
7. Given a table of population growth for period data sources and make out the changes that have
between 1971 and 2001 and table of contribution taken place in this context.
of agriculture, industry and services sector for the
same period, compare the two tables and present
your findings in the form of a presentation.
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