Correlation is the inter-relation of material.

A technique of teaching learning which is used to establish a reciprocal relationship among the various subjects of the curriculum and between the school environment and the outside environment.

Technique which establishes reciprocal relationship between different subjects of the curriculum for the better and clear understanding of the subject under discussion.

Acc. To Raymont, "No subject is ever well understood and no art is intelligently practiced, if the light which the other studies are able to throw upon it is deliberately shut out.”

Knowledge is one invisible whole, which cannot be divided into water tight compartments.

Complex and interrelated problems of life Crowded curricula Artificiality of treatment Association of ideas Gestalt point of view New trends in curriculum Stability of knowledge Economy of knowledge Development of interest in the subject Makes the burden of the curriculum light Development of human and social qualities

Horizontal correlation Incidental correlation Planned correlation

Vertical correlationCorrelation with life

1) Incidental Correlation: correlation between subjects occurring by chance not planned.

2) Planned Correlation: It’s a deliberate attempt to correlate subjects. There are two types of planned correlation:

a) Vertical Correlation- correlation of economics with various branches of economics

b) Horizontal correlation- correlation of economics with other subjects

c) Correlation with life.

Economics and CommerceEconomics and Political scienceEconomics and GeographyEconomics and HistoryEconomics and MathematicsEconomics and SociologyEconomics and PsychologyEconomics and Agriculture

Economics provides the base of commerce as a subject of study

The development of Commerce is linked with the economic development of the society

Commerce is sometimes regarded as practical application of economic principles

Commerce is concerned with the ‘how and why’ of economic activity

Main aim in Commerce is to study about business, industry, trade and

organization study all activities beginning from production and

leading up to distribution study of trade, banking, export, import, book-

keeping, etc All the above are closely associated with

economics. Economics and commerce cannot be studied

separately. They are inter-twined. Through the knowledge of commerce, it is possible

to run the economy of a country more efficiently.

Development of Indian trade and industry

Indian banking system Indian business organization Indian currencyEconomic laws and principles

Economics in past was known as the “Political economy”

Economic situations have a decisive say in the political life of a country

Every political party is supposed to have its own economic programme

The burning questions of politics at the same time are the questions of Economics-Garner

Economic and political policies and system

Colonization and decolonizationMonetary systemsTaxation

Agriculture, minerals, forests, industries and trade are all influenced by geographical or physical environment

It is geographical factors which govern the wealth of a country or nation

The geographical factors determine the means of livelihood of the people

If geographical conditions are favorable, economic activities related to agriculture , trade, commerce, industry flourish

Industrial centre come on account of climatic factors

In economics we study about various goods. The production is governed by various geographical factors such as nature of soil, climate.

Economic conditions of a country depend to a large extent on its geographical conditions.

India could become a great power in ancient times because of its geographical situation and other conditions.

Agriculture, industry and other economic activities depend to a large extent on geographical factors.

Availability of raw materials means of transport and types land (plateaus, deserts, mountains, etc) are considered in major decisions of business.

Certain industries and trade develop in a particular place when geographical conditions favor them.

Localisation of industries Indian tradeDevelopment of industries in IndiaSources of energyFood problemDevelopment of Indian agriculture

“Economics without history has no root, history without Economics ”

History is the store house of human civilization and economics is based on human civilization

Many wars in past and the present owe their origin to economic causes

Europe-Industrial revolution First and second world war-for

economic considerations We come to know about economic

factors for various historical events

Both subjects are social sciences. After Industrial Revolution production of quantity and quality of

goods improved. Also resulted in competitive business for marketing of finished goods. Gave rise to infighting among various developed European powers which resulted in huge wars and new powers emerged.

First and Second World Wars were fought for economic considerations.

To get knowledge of various economic factors that were responsible for various historical events, we have to depend on history.

History tells about the economic development of various countries.

When we read a particular period in history, we learn about economic conditions prevailing in that period.

The beginning of medium of exchange such as gold coins and others are studied in history.

The Russian revolutionFrench revolutionThe war of American independenceEconomic viewsMalthus theory of PopulationMonetary Economics

“Statistics are the straw out of which I like every other economist, have to make bricks”

Marshall Statistical data provide concreteness and

vividness to various economic situations Drawing of curves, diagrams, graphs,

sketches, and tables in Economics depends on the knowledge of mathematics and statistics

Almost all theories and practices in Economics derive their reliability on the principles of Mathematics and statistics

There exists very close relationship of economics with mathematics particularly statistics.

Most of the economic theories are propounded on the basis of statistical data.

In economics we make use of various mathematical symbols.

To formulate theories, Geometry and Algebra are widely used.

Without statistics the knowledge of economics remains incomplete. Marshall said, “Statistics are the straw out of which, I like every other economist have to make bricks”.

To draw graphs, sketches, and tables the teacher of economics depends on mathematical knowledge.

Malthus theory of populationQuantity theory of moneyKeynes theory of interestBusiness knowledgeLaw of productionLaw of demand and supplyElasticity of demandConsumer’s surplus

Principle of Economics can be applied only when we have the knowledge of the formation of the society

The economic policy of a country can only be properly understood when we know about social conditions of that country

The social structure, the family structure, the religious inluence all cast a good deal of impact on the economic conditions

Trade economics Industrial economicsMixed economySocialist economy

If economic principles are laid down with an eye on human psychology , one can be sure to go a long way towards economic success

Bonus, prizes, incentives, service conditions, job satisfaction all are concepts of psychology increasing production

Important topic where relationship between Economics and Psychology can be established INDUSTRIAL PSYCHOLOGY

The function of agriculture are determined by the principles of economics

Agriculture of a country cannot develop unless it is based on certain economic principles

Agriculture teaches about types of soil, seeds, manure, water, etc and thus helps in economic development of the country

Agriculture economy Increase in production Industry and tradeExport Import

It gives sort of unity to the curriculum It encourages all round development

of the child Bridge gap between school and

society It prevents narrow specialization It makes education natural It establishes close relationship

between experience and knowledge It makes lesson interesting and easy

to comprehend