Author: Dr. Anupam Agarwal

Publisher: SBPD Publications

Published: 2020-08-25

Total Pages: 520

ISBN-13:

Strictly according to the latest syllabus prescribed by State Board of Bihar, Jharkhand, Uttarakhand, Haryana, H.P. etc. following CBSE curriculum based on NCERT guidelines. PART A : STATISTICS FOR ECONOMICS Unit 1 : Introduction What is Economics ? Meaning, Scope and Importance of Statistics in Economics. Unit 2 : Collection, Organisation and Presentation of Data Collection of Data : Sources of Data : Primary and Secondary; How Basic Data is Collected; Methods of Collecting Data; Some Important Sources of Secondary Data : Census of India and National Sample Survey Organisation. Organisation of Data : Meaning and Types of Variables; Frequency Distribution. Presentation of Data : Tabular Presentation and Diagrammatic Presentation of Data : (i) Geometric Forms (Bar Diagrams and Pie Diagrams), (ii) Frequency Diagrams (Histogram, Polygon and Ogive) and (iii) Arithmetic Line Graphs (Time Series Graph). Unit 3 : Statistical Tools and Interpretation (For all the Numerical Problems and Solutions, the Appropriate Economic Interpretation may be attempted. This Means, the Students Need to Solve the Problems and Provide Interpretation for the Results Derived). Measures of Central Tendency—Mean (Simple and Weighted), Median and Mode. Measures of Dispersion—Absolute Dispersion (Range, Quartile Deviation, Mean Deviation and Standard Deviation) Relative Dispersion (Co-efficient of Quartile Deviation, Co-efficient of Mean Deviation, Co-efficient of Variation); Lorenz Curve: Meaning and its Application. Correlation—Meaning, Scatter Diagram; Measures of Correlation—Karl Pearson's Method (Two Variables Ungrouped Data), Spearman’s Rank Correlation. Introduction to Index Numbers—Meaning, Types—Wholesale Price Index, Consumer Price Index and Index of Industrial Production, Uses of Index Numbers; Inflation and Index Numbers. Some Mathemetical Tools used in Economics : Equation of a Line, Scope of a Line, Scope of a Curve. Unit 4 : Developing Projects in Economics The Students may be Encouraged to Develop Projects, which have Primary Data, Secondary Data or Both. Case Studies of a Few Organisations/Outlets may also be Encouraged. Some of the Examples of the Projects are as follows (they are not Mandatory but Suggestive) : (i) A Report on Demographic Structure of your Neighbourhood; (ii) Consumer Awareness amongst Households; (iii) Changing Prices of a Few Vegetables in your Market; (iv) Study of a Co-operative Institution : Milk Co-operatives. The Idea Behind Introducing this unit is to enable the Students to Develop the Ways and Mean by which a Project can be Developed using the Skills Learned in the Course. This Includes all the steps involved in Designing a Project Starting from Choosing a Title, Exploring the Information relating to the Title, Collection of Primary and Secondary Data, Analysing the Data, Presentation of the Project and using Various Statistical Tools and their Interpretation and Conclusion.