Assam ASSEB HS Class 11-12 Economics study plan

Define and compute GDP at market price, GNP, NNP, NDP, and per-capita income from a set of given numerical values

Distinguish between factor cost and market price, and convert aggregates between the two using net indirect taxes

Classify items as intermediate or final goods and explain why double counting must be avoided

Summarise the main features of British colonial economic policy in India and their effect on agriculture and industry

Apply the value-added, income, and expenditure methods to compute national income and identify when each method is appropriate

Explain the treatment of net factor income from abroad and distinguish domestic from national product

Describe the goals and strategies of Indian planning from 1951 to 1991, including the role of the public sector

Evaluate the 1991 economic reforms across liberalisation, privatisation, and globalisation with at least two consequences each

Derive a consumer's budget constraint and locate the optimum using indifference curve analysis

State and apply the law of diminishing marginal utility to calculate total utility from given marginal utility schedules

Distinguish movement along a demand curve from a shift, and list at least five determinants of demand

Compute price elasticity of demand using both the percentage and total expenditure methods

Construct a supply schedule and explain the effect of changes in input prices, technology, and taxes on supply

Calculate total, average, and marginal cost from a given output-cost table and sketch their relationships

Explain the law of variable proportions in the short run and identify the three stages of production

Distinguish the four market forms by number of sellers, product differentiation, and entry conditions

Determine equilibrium price and quantity under perfect competition from given demand and supply functions

Explain how a firm under perfect competition earns normal profit, supernormal profit, or loss in the short run

Define the money supply measures M1 to M4 and state the functions of money

Explain the credit creation process of commercial banks and compute the money multiplier from a given reserve ratio

Distinguish the quantitative and qualitative instruments of monetary policy and state when each is used

Compute the equilibrium level of income using the consumption function and the investment multiplier

Explain the concept of the government budget and distinguish revenue from capital receipts and expenditure

Distinguish revenue deficit, fiscal deficit, and primary deficit and compute each from given budget data

Explain the crowding-out effect and the role of fiscal policy in stabilising the economy

Classify items in the balance of payments into current and capital accounts

Distinguish fixed and flexible exchange rate systems and explain managed floating

Compute the change in the exchange rate and interpret appreciation and depreciation in terms of exports and imports

Distinguish primary and secondary data and identify the appropriate source for a stated research question

Design a short questionnaire and identify the sampling errors and non-sampling errors it may produce

Construct a frequency distribution and present data as a histogram, frequency polygon, and ogive

Compute mean, median, and mode for grouped and ungrouped data

Compute range, quartile deviation, mean deviation, and standard deviation for a given data set

Compute Karl Pearson's coefficient of correlation and interpret the sign and magnitude

Explain the difference between correlation and causation with an economic example

Summarise current issues in the Indian economy including poverty, unemployment, and human capital formation, with at least one indicator for each

Define scarcity, opportunity cost, and the central problems of an economy and apply them to a stated example

Complete two full-length timed mock papers and review every error