Guidelines for Project Work in Economics (Class XI and XIl) ‘The objectives of the project work are to enable learners tor ‘+ probe deeper into theoretical concepts learnt in classes XI and XI ‘+ analyse and evaluate real world economic scenarios using theoretical constructs and arguments + demonstrate the learning of economic theory ‘+ follow up aspects of economics in which learners have interest ‘+ develop the communication skills to argue logically ‘The expectations of the project work are that: + learners will complete only ONE project in each academic session '¢ project should be of 3,500-4,000 words (excluding diagrams & graphs), preferably hand-written ‘twill be an indepencent, self-directed piece of study Role of the teacher: ‘The teacher plays a critical role in developing thinking skills of the learners. A teacher should: + help each leamer select the topic based on recently published extracts from the news media, government policies, RBI bulletin, NITI Aayog reports, IMF/World Bank reports etc., after detailed discussions and deliberations of the topic + play the role of a facilitator and supervisor to monitor the project work of the learner through periodic discussions ‘© guide the research work in terms of sources for the relevant data * educate learner about plagiarism and the importance of quoting the source of the information to ensure authenticity of research work + prepare the learner for the presentation of the project work ‘+ arrange a presentation of the project file ‘Scope of the project: Learners may work upon the following lines as a suggested flow chart: Choose a title/topic Collection of the rosdarch materal/data Organization of material/data present efoitdeta Analysing the materiafdcta for conclusion Draw the relevant conclusion Presentation of the Project Work 10Expected Checklist Introduction of topiclttle Identifying the causes, consequences and/or remedies Various stakeholders and effect on each of them Advantages and disadvantages of situations or issues identified ‘Short-term and long-term implications of economic strategies suggested in the course of research Validity, reliability, appropriateness and relevance of data used for research work and for presentation in the project file Presentation and writing that is succinct and coherent in project file Citation of the materials referred to, in the file in footnotes, resources section. bibliography ete. Mode of presentation/submission of the Project: At the end of the stipulated term, each learner will present the research work in the Project File to the External and Internal examiner. The questions should be asked from the Research Work/ Project File of the learner. The Internal Examiner should ensure that the study ‘submitted by the learner is his/her own original work. In case of any doubt, authenticity should be checked and verified. Marking Scheme: Marks are suggested to be given as - ‘S.No. | Heading Marks Allotted 1._| Relevance of the topic 3 2. | Knowledge ContentiResearch Work 6 3._| Presentation Technique 3 4. | Viva-vooe 8 Total 20 Marks Suggestive List of Projects: Class XI Effect on PPC due to various government policies Invisible Hand (Adam Smith) ‘Opportunity Cost as an Economic Tool (taking real lfe situations) Effect of Price Change on a Substitute Good (taking prices from real life visiting local market) Effect on Equilibrium Prices in Local Market (taking real life situation or recent news) Effect of Price Change on a Complementary Good (taking prices from real life visiting local market) ‘Solar Energy, a Cost-Effective Comparison with Conventional Energy Sources ‘Bumper Production- Boon or Bane for the Farmer ‘Any other newspaper article and its evaluation on basis of economic principles ‘Any other topic ul