ICSE Class 10 Economics Syllabus 2024-25 contains a total of 6 chapters. The theory exam carries 80 marks. Students will also have an internal assessment of 20 marks in ICSE Class 10 Economics.
ICSE Class 10 Economics syllabus serves as a comprehensive guide to explore the intricacies of economic systems, policies, and concepts. In this article, students can find the detailed ICSE Class 10 Economics Syllabus 2024-25 along with the exam pattern, deleted topics and sample papers.
Check:ICSE Class 10 Syllabus 2024-25 Subject-Wise
- Table of Contents:
- ICSE Class 10 Economics Syllabus 2024-25
- ICSE Class 10 Economics Syllabus 2024-25: Internal Assessment
- ICSE Class 10 Economics Syllabus 2024-25: Internal Assessment Evaluation
- ICSE Class 10 Economics Deleted Syllabus 2024-25
- ICSE Class 10 Economics Exam Pattern 2024-25
- ICSE Class 10 Economics Sample Papers
- ICSE Class 10 Economics Previous Years Question Papers
- Frequently Asked Questions
ICSE Class 10 Economics Syllabus 2024-25
The table below contains chapter-wise detailed topics for ICSE Class 10 Exam 2024 of Economics:
| Units | Chapter | Topics |
|---|---|---|
| 1. | The Productive Mechanism | Factors of Production: land, labour, capital, and entrepreneur |
| Impact on the production structure in an economy | ||
| Land: meaning, characteristics, productivity, and factors affecting it | ||
| Labour: meaning, characteristics, division of labour, efficiency, and reasons for low efficiency | ||
| Capital: meaning, characteristics, types (physical and financial), and capital formation | ||
| Entrepreneur: meaning, functions, qualities, and role in economic development | ||
| 2. | Theory of Demand and Supply | Demand: meaning, types, determinants, law of demand, elasticity of demand |
| Supply: meaning, types, determinants, law of supply, elasticity of supply | ||
| 3. | Market | Meaning and types: perfect competition, monopoly, monopolistic competition, oligopoly |
| 4. | Banking in India | Money: evolution, legal definition, functions (medium of exchange, measure of value, etc.) |
| Commercial banks: meaning, functions (accepting deposits, advancing loans, credit creation) | ||
| Central Bank: meaning, functions (monopoly of Note issue, Bankers Bank, etc.) | ||
| Monetary Policy: qualitative and quantitative credit control measures | ||
| Demonetisation: brief understanding | ||
| Public Finance: meaning, sources of public revenue (tax revenue, non-tax revenue) | ||
| Public Expenditure: meaning, revenue, and capital expenditure | ||
| Public Debt: meaning, types (internal, external, etc.) | ||
| 5. | Inflation | Meaning, stages (creeping, walking, running, hyper), types (cost-push, demand-pull) |
| Positive and negative effects on production and distribution | ||
| 6. | Consumer Awareness | Consumer exploitation and consumer awareness |
| Consumer Rights & Duties: COPRA-2019, RTI | ||
| Food adulteration: meaning and harmful effects | ||
| Technical and Administrative measures for Consumer Protection: BIS, AGMARK, PDS |
ICSE Class 10 Economics Syllabus 2024-25: Internal Assessment
In the ICSE Class 10 Economics internal assessment, students are required to complete one project or assignment as instructed by their teacher. The suggested assignments include:
- Visiting a local industrial unit to analyze the factors of production used in the production process.
- Surveying people about the types of taxes they pay.
- Examining the impact of GST on five consumer products.
These assignments aim to provide students with practical insights into economic concepts and their real-world applications.
Also Check:
ICSE Class 10 Economics Syllabus 2024-25: Internal Assessment Evaluation
The assignments and project works in Economics will be evaluated by both the subject teacher and an external examiner. The external examiner may be a teacher from the school faculty but not teaching the subject to that specific class. For instance, a Class XI Economics teacher may evaluate Class X Economics projects.
- The internal and external examiners will assess the assignments independently, awarding 10 marks each, totaling 20 marks.
- The Head of the School is responsible for submitting the total marks obtained out of 20 to the Council through their online portal, ensuring timely completion.
Also Check: ICSE Class 10 Exam Dates
ICSE Class 10 Economics Deleted Syllabus 2024-25
The topics that were excluded from the ICSE Class 10 Economics Syllabus are tabulated below. Students can check out the deleted topics of the ICSE Class 10 Physics Syllabus from the below table:
| Units | Chapter | Topics |
|---|---|---|
| 1. | The Productive Mechanism | Production Mechanism: Its Meaning |
| Creation of Utility and Characteristics of Production | ||
| Difference between factor inputs and non-factor inputs | ||
| Modern classification of Factors of production | ||
| Relative importance of different factors of production | ||
| Functions and importance of Land | ||
| Classification of Labour | ||
| Importance of Labour | ||
| Difference between capital and other related concepts | ||
| Suggestion to raise rate of capital formation | ||
| 2. | Theory of Demand and Supply | Causes of Operation of Law of Demand |
| Cause behind shift of Demand Curve | ||
| Reasons behind the operation of Law of Supply | ||
| Exceptions | ||
| 3. | Market | Monopoly of Market |
| 4. | Banking in India | Forms of Money |
| Contigent Functions | ||
| Importance of Bank, agency fucntions, nationaization of banks | ||
| Need of Central Bank, Controller of Credit | ||
| Scope of Public Finance | ||
| Similarities and dissimilarities between public and private finance | ||
| Positive and normative aspects of public finance | ||
| Significance of Public Revenue, Significance and objectives of Taxes | ||
| Developmental and non-developmental expenditure, productive and unproductive expenditure, objectives of public expenditure | ||
| Difference between public and private debt | ||
| 5. | Inflation | Features of inflation, relationship between value of money and price level |
| 6. | Consumer Awareness | Consumer movement |
| Rational behind Consumer Protection Act 1986 | ||
| Standarization of Products |
ICSE Class 10 Economics Exam Pattern 2024-25
The question paper pattern followed for ICSE Class 10 Economics is tabulated below:
| Section | Type of Questions | No. of Questions to be Attempted |
|---|---|---|
| Section A | Short Answer Type | All questions compulsory (there will be no choice) |
| Section B | Long Answer Type | Any 4 |
ICSE Class 10 Economics Sample Papers
Students can download and practice ICSE Class 10 Economics sample papers from the links provided in the table below:
| Year | Sample Paper |
|---|---|
| 2025 | Check Here |
| 2024 | Check Here |
| 2023 | Check Here |
| 2022 (Semester 1) | Check Here |
| 2022 (Semester 2) | Check Here |
| 2020 | Check Here |
Download ICSE Class 10 Sample Papers 2024-25
ICSE Class 10 Economics Previous Years Question Papers
Here is the list of previous years’ question papers to understand and evaluate the question paper pattern and difficulty level of ICSE Class 10 Economics exam:
| Year | Question Paper |
|---|---|
| 2024 | Check Here |
| 2023 | Check Here |
| 2022 | Check Here |
| 2020 | Check Here |
| 2019 | Check Here |
| 2018 | Check Here |
| 2017 | Check Here |
Frequently Asked Questions
Ques. Where can I check ICSE Class 10 Economics Syllabus 2024-25?
Ans. Students can download ICSE Class 10 Economics Syllabus 2024-25 from the official website cisce.org. The link to download the syllabus is also provided in the article above.
Ques. How is the ICSE Class 10 Economics exam structured?
Ans. ICSE Class 10 Economics paper consists of one written paper with a duration of two hours, carrying 80 marks. Additionally, there is an internal assessment component worth 20 marks.
Ques. What are some suggested assignments for ICSE Class 10 Economics students?
Ans. Some suggested assignments for Economics include visiting a local industrial unit to analyze factors of production, conducting a survey on different types of taxes, and studying the impact of GST on consumer products.
Ques. How can students prepare effectively for ICSE Class 10 Economics exam?
Ans. Students can prepare effectively for ICSE Class 10 Economics exam by understanding the concepts thoroughly, practicing with sample papers and previous years' question papers, and seeking clarification from teachers whenever needed.
Ques. What are the key topics covered in ICSE Class 10 Economics Syllabus 2024-25?
Ans. ICSE Class 10 Economics syllabus covers topics such as factors of production, demand and supply, market types, banking in India, inflation, consumer awareness, and public finance.
*The article might have information for the previous academic years, which will be updated soon subject to the notification issued by the University/College.
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