"Here is the ICSE Class 10 Economic Applications Syllabus provided by Extramarks.
ICSE Class 10 Economic Applications paper has a period of two hours of 100 marks and an internal assessment of 100 marks. The paper contains Part I and Part II.
Part I (compulsory) contains short answer questions on the entire syllabus. Part II consists of questions that require precise answers. There is a choice of questions.
1. Demand And Supply: Basic Concepts
Demand - Meaning and Types of Demand
Supply - Meaning
Law of demand and supply: demand and supply schedule and curve (both individual and market); movement and shift of the demand and supply curve; determinants of demand and supply; exceptions to the law of demand.
The individual demand and supply curves must be differentiated from market demand and supply curves. Determinants of demand and supply are to be defined. Exclusions to the law of demand are to be discussed.
The elasticity of demand and elasticity of supply Meaning, types; percentage, method of measuring the elasticity of demand and elasticity of supply, Factors affecting the elasticity of demand and elasticity of supply.
The concept of price elasticity of demand and supply are to be explained with the percentage method. The factors influencing the elasticity of demand and supply are to be specified. (Simple numerical should be taught)
2. Factors of Production: Basic Concepts
Factors of production - Land, worker, Capital and Entrepreneur.
Land - meaning and characteristics, functions and its importance, factors affecting the productivity of the land.
Destruction of the ecosystem due to changing patterns of land use, migration, industrialization, shifting cultivation, dwelling units, mining, urbanization, construction of dams, etc.
Labour - meaning and characteristics. Division of labour - meaning, types, advantages and disadvantages. The efficiency of labour - meaning, reasons for the low efficiency of Indian labour.
Capital - meaning, types and characteristics. Capital formation - meaning, factors affecting capital structure.
Entrepreneur - meaning, functions and role of entrepreneurs in economic growth.
3. Alternative Market Structures: Basic Concepts
Nature and structure of markets - Perfectly competitive market, Monopoly market, monopolistically competitive market, the concept of product differentiation, Monopsony market.
The main characteristics of the following market structures are to be discussed in the context of present business situation – Perfectly competitive market, Monopoly market, monopolistically competitive market, Monopsony market (meaning to be highlighted).

To get the rest of the ICSE Class 10 Economic Applications Syllabus students should visit the Extramarks website. Extramarks provides ICSE Class 10 Economic Applications Previous Year Board Question Papers Solved with Solutions, Answers and Marking Scheme."