Economics is a subject of production, distribution and consumption of Goods and Services. According to Alfred Marshall, “Economics is a study of man in the regular business of life. It studies how he gets his income and how he utilizes it. Thus, it is on the one side, the study of capital and on the other and more significant side, a part of the study of man.” Extramarks gives students a collection of Previous Year ICSE Economics Class 9 School and Sample Question Papers to help them get feedback on their strengths and weakness. ICSE Economics Class 9 Previous Years School and Sample Test Papers will also give you an understanding of the pattern of questions expected in the test papers.
ICSE Economics Class 9 course covers the following:
The first unit is an introduction to economics. It covers the definition of economics, micro and macroeconomics: meaning, example and differences, Type of activities: Economic and Non-Economic their meaning, example and differences, Sectors of an economy: primary, secondary and tertiary their meaning, examples and differences, the meaning of different basic economic terms, different entities etc
The second unit is Types of Economies. It details on Capitalist, socialist and mixed economy: definition and differences (Indian context). It explains the meaning and difference of matured and developing economy. It also covers the meaning and distinction between economic growth and development.
The third unit is Problems of an economy. It makes ICSE Economics Class 9 students aware of the type of resources and their limited availability, as well as the human need for unlimited resources hence, need for efficient utilisation of these resources.
The fourth unit of ICSE Economics Class 9 is the Indian Economy. It covers:
Agriculture as a primary sector: meaning and contribution of agriculture to employment, trade and making the nation self-sufficient for its food requirements. It also makes students conscious of the problems confronting the Indian agriculture industry. The students obtain knowledge of the role of government in the progress of Indian agriculture. It also includes the Green Revolution and Food security.
The industry as a secondary sector: The students gain knowledge on the meaning and types of industry, It also elaborates on the harmful impact of industrialisation and measures taken to reduce the negative impact of the same.
Tertiary Sector: It incorporates diverse areas such as education, healthcare, banking, transportation, insurance, telecommunication, storage, warehousing etc and their role in the economic development of the country.
The fourth unit is the Main Problems of Indian Economy. It makes ICSE Economics Class 9 students conscious of the poverty, unemployment and also government schemes which have been proposed to overcome the same.
The last unit is on Major Reforms and Emerging Trends in the Indian Economy. The unit educates students on liberalisation, privatisation and globalisation. It also makes students aware of their necessity and their help in improving the Indian economy. The unit also elaborates on Smart City and its role in decreasing poverty, increasing employment, human resource and industrial development. It also covers Digital India and Skill India.