Students must download CBSE class 11th Economics Syllabus to plan ahead for the academic year. The class 11th economics syllabus is available in PDF format.
Economics has an extensive range of concepts and an introduction to the subject. Students must take a look at the syllabus to get an idea of the types of questions asked, exam pattern, etc., also, it can help students to plan their academic year. Moreover, students are advised to download the CBSE class 11th economic syllabus pdf link given below to keep a check on their progress.
Table of Contents
CBSE 11th Economics Chapters
Students must look into the academic curriculum of the subject so that they are aware of what concepts and topics will be taught in class. Below we have listed down the units and topics that will help you in learning -
Part A: Statistics for Economics
In this course, the learners are expected to acquire skills in collection, organisation and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyse, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behaviour of various economic data.
Unit 1: Introduction
- What is Economics?
- Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data
- Collection of data - sources of data - primary and secondary; how basic data is collected with concepts of Sampling; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation.
- Organisation of Data: Meaning and types of variables; Frequency Distribution.
- Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data:
- Geometric forms (bar diagrams and pie diagrams),
- Frequency diagrams (histogram, polygon and Ogive) and
- Arithmetic line graphs (time series graph).
Unit 3: Statistical Tools and Interpretation
- For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.
- Measures of Central Tendency- Arithmatic mean, median and mode
- Measures of Dispersion - absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of range, co-efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation)
- Correlation – meaning and properties, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
- Introduction to Index Numbers - meaning, types - wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.
Part B: Introductory Microeconomics
Unit 4: Introduction
- Meaning of microeconomics and macroeconomics; positive and normative economics
- What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.
Unit 5: Consumer's Equilibrium and Demand
- Consumer's equilibrium - meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis.
- Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium.
- Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.
Unit 6: Producer Behaviour and Supply
- Meaning of Production Function – Short-Run and Long-Run
- Total Product, Average Product and Marginal Product.
- Returns to a Factor
- Cost: Short run costs - total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.
- Revenue - total, average and marginal revenue - meaning and their relationship. Producer's equilibrium-meaning and its conditions in terms of marginal revenue marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply - percentage-change method.
Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications.
- Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply.
- Other Market Forms - monopoly, monopolistic competition - their meaning and features.
- Simple Applications of Demand and Supply: Price ceiling, price floor.
Part C: Project in Economics
Guidelines as given in class XI curriculum
CBSE Class 11th Economics Marks Distribution
The CBSE class 11th economics syllabus is divided into two - statistics for economics and introductory microeconomics which constitute of 40 marks each whereas the project work includes 20 marks. Students can refer to the table below to see the chapters that require utmost attention.
Statistics for Economics
|Collection, Organisation and Presentation of Data||27|
|Statistical Tools and Interpretation||27||66|
|Consumer’s Equilibrium and Demand||13||32|
|Producer Behaviour and Supply||13||32|
|Forms of Market and Price Determination under perfect competition with simple applications||10||28|
|Part C||Project Work||20||20|