Syllabus: Economics for Class 11 | Economics Class 11 - Commerce PDF Download

 Page 1


 
 
       
  
  
CBSE Class 11 Economics Updated Syllabus 
 
CBSE Economics Class 11 Syllabus Course Structure 
 
The table below shows the course structure and marks distribution in the updated Economics 
Class 11 Syllabus. 
 
Units Name Marks Periods 
Part A Statistics for Economics     
 
Introduction 15 10 
 
Collection, Organisation, and Presentation of Data 30 
 
Statistical Tools and Interpretation 25 50 
 
  40 
 
Part B Introductory Microeconomics 
  
  Introduction 04 10 
  Consumer's Equilibrium and Demand 14 40 
  Producer Behaviour and Supply 14 35 
  Forms of Market and Price Determination under perfect 
competition with simple applications 
08 25 
    40 
 
    
 
200 
Part C Project Work 20 20 
 
Page 2


 
 
       
  
  
CBSE Class 11 Economics Updated Syllabus 
 
CBSE Economics Class 11 Syllabus Course Structure 
 
The table below shows the course structure and marks distribution in the updated Economics 
Class 11 Syllabus. 
 
Units Name Marks Periods 
Part A Statistics for Economics     
 
Introduction 15 10 
 
Collection, Organisation, and Presentation of Data 30 
 
Statistical Tools and Interpretation 25 50 
 
  40 
 
Part B Introductory Microeconomics 
  
  Introduction 04 10 
  Consumer's Equilibrium and Demand 14 40 
  Producer Behaviour and Supply 14 35 
  Forms of Market and Price Determination under perfect 
competition with simple applications 
08 25 
    40 
 
    
 
200 
Part C Project Work 20 20 
 
 
 
       
  
Quick Overview of Economics Class 11 Syllabus  
  
The Class 11 Economics Syllabus provides interesting chapters and topics. It starts with the 
basics of Economics and later into complex concepts. Check out the description below for a 
breakdown of what you'll be learning in each unit. 
 
Part A: Statistics for Economics  
 
In this course, the learners are expected to acquire skills in the collection, organisation, and 
presentation of quantitative and qualitative information about 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:  
(i) Geometric forms (bar diagrams and pie diagrams) 
(ii) Frequency diagrams (histogram, polygon, and Ogive) 
(iii) 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. 
 
Page 3


 
 
       
  
  
CBSE Class 11 Economics Updated Syllabus 
 
CBSE Economics Class 11 Syllabus Course Structure 
 
The table below shows the course structure and marks distribution in the updated Economics 
Class 11 Syllabus. 
 
Units Name Marks Periods 
Part A Statistics for Economics     
 
Introduction 15 10 
 
Collection, Organisation, and Presentation of Data 30 
 
Statistical Tools and Interpretation 25 50 
 
  40 
 
Part B Introductory Microeconomics 
  
  Introduction 04 10 
  Consumer's Equilibrium and Demand 14 40 
  Producer Behaviour and Supply 14 35 
  Forms of Market and Price Determination under perfect 
competition with simple applications 
08 25 
    40 
 
    
 
200 
Part C Project Work 20 20 
 
 
 
       
  
Quick Overview of Economics Class 11 Syllabus  
  
The Class 11 Economics Syllabus provides interesting chapters and topics. It starts with the 
basics of Economics and later into complex concepts. Check out the description below for a 
breakdown of what you'll be learning in each unit. 
 
Part A: Statistics for Economics  
 
In this course, the learners are expected to acquire skills in the collection, organisation, and 
presentation of quantitative and qualitative information about 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:  
(i) Geometric forms (bar diagrams and pie diagrams) 
(ii) Frequency diagrams (histogram, polygon, and Ogive) 
(iii) 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- Arithmetic mean, Median and Mode  
 
Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's 
method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and 
Repeated Ranks).  
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, 
Simple Aggregative Method.  
 
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 and total expenditure method. 
 
Unit 6: Producer Behaviour and Supply 
 
Meaning of Production Function – Short-Run and Long-Run  
 
Page 4


 
 
       
  
  
CBSE Class 11 Economics Updated Syllabus 
 
CBSE Economics Class 11 Syllabus Course Structure 
 
The table below shows the course structure and marks distribution in the updated Economics 
Class 11 Syllabus. 
 
Units Name Marks Periods 
Part A Statistics for Economics     
 
Introduction 15 10 
 
Collection, Organisation, and Presentation of Data 30 
 
Statistical Tools and Interpretation 25 50 
 
  40 
 
Part B Introductory Microeconomics 
  
  Introduction 04 10 
  Consumer's Equilibrium and Demand 14 40 
  Producer Behaviour and Supply 14 35 
  Forms of Market and Price Determination under perfect 
competition with simple applications 
08 25 
    40 
 
    
 
200 
Part C Project Work 20 20 
 
 
 
       
  
Quick Overview of Economics Class 11 Syllabus  
  
The Class 11 Economics Syllabus provides interesting chapters and topics. It starts with the 
basics of Economics and later into complex concepts. Check out the description below for a 
breakdown of what you'll be learning in each unit. 
 
Part A: Statistics for Economics  
 
In this course, the learners are expected to acquire skills in the collection, organisation, and 
presentation of quantitative and qualitative information about 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:  
(i) Geometric forms (bar diagrams and pie diagrams) 
(ii) Frequency diagrams (histogram, polygon, and Ogive) 
(iii) 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- Arithmetic mean, Median and Mode  
 
Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's 
method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and 
Repeated Ranks).  
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, 
Simple Aggregative Method.  
 
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 and total expenditure 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 Revenue, Average Revenue, 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 the supply curve, price elasticity of supply; 
measurement of price elasticity of supply - percentage-change method.  
 
Unit 7: Perfect Competition - Price Determination and Simple Applications.  
 
Perfect competition - Features; Determination of market equilibrium and effects of shifts in 
demand and supply. (Short Run Only)  
 
Simple Applications of Demand and Supply: Price ceiling, Price floor. 
 
Part C: Project in Economics  
 
Guidelines for Project Work in Economics 
 
The objectives of the project work are to enable learners to:  
 
• Probe deeper into theoretical concepts learnt in Class XI 
• Analyse and evaluate real-world economic scenarios using theoretical constructs and 
arguments  
• Demonstrate the learning of economic theory  
• Follow up on aspects of economics in which learners have an 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  
Page 5


 
 
       
  
  
CBSE Class 11 Economics Updated Syllabus 
 
CBSE Economics Class 11 Syllabus Course Structure 
 
The table below shows the course structure and marks distribution in the updated Economics 
Class 11 Syllabus. 
 
Units Name Marks Periods 
Part A Statistics for Economics     
 
Introduction 15 10 
 
Collection, Organisation, and Presentation of Data 30 
 
Statistical Tools and Interpretation 25 50 
 
  40 
 
Part B Introductory Microeconomics 
  
  Introduction 04 10 
  Consumer's Equilibrium and Demand 14 40 
  Producer Behaviour and Supply 14 35 
  Forms of Market and Price Determination under perfect 
competition with simple applications 
08 25 
    40 
 
    
 
200 
Part C Project Work 20 20 
 
 
 
       
  
Quick Overview of Economics Class 11 Syllabus  
  
The Class 11 Economics Syllabus provides interesting chapters and topics. It starts with the 
basics of Economics and later into complex concepts. Check out the description below for a 
breakdown of what you'll be learning in each unit. 
 
Part A: Statistics for Economics  
 
In this course, the learners are expected to acquire skills in the collection, organisation, and 
presentation of quantitative and qualitative information about 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:  
(i) Geometric forms (bar diagrams and pie diagrams) 
(ii) Frequency diagrams (histogram, polygon, and Ogive) 
(iii) 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- Arithmetic mean, Median and Mode  
 
Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's 
method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and 
Repeated Ranks).  
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, 
Simple Aggregative Method.  
 
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 and total expenditure 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 Revenue, Average Revenue, 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 the supply curve, price elasticity of supply; 
measurement of price elasticity of supply - percentage-change method.  
 
Unit 7: Perfect Competition - Price Determination and Simple Applications.  
 
Perfect competition - Features; Determination of market equilibrium and effects of shifts in 
demand and supply. (Short Run Only)  
 
Simple Applications of Demand and Supply: Price ceiling, Price floor. 
 
Part C: Project in Economics  
 
Guidelines for Project Work in Economics 
 
The objectives of the project work are to enable learners to:  
 
• Probe deeper into theoretical concepts learnt in Class XI 
• Analyse and evaluate real-world economic scenarios using theoretical constructs and 
arguments  
• Demonstrate the learning of economic theory  
• Follow up on aspects of economics in which learners have an 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 3,500-4,000 words (excluding diagrams & graphs), preferably hand-
written  
• It will be an independent, self-directed piece of study 
 
CBSE Economics Class 11 Syllabus - (030) Question Paper Design  
 
The Central Board of Secondary Education (CBSE) has released the question paper design for 
the upcoming academic year Economics exam for Class 11 (code 030). This breakdown 
outlines the format and types of questions you can expect for the test. 
 
S.No. Typology of Questions Marks Percentage 
 
 
1 
Remembering and Understanding: 
Exhibit memory of previously learned material by recalling 
facts, terms, basic concepts, and answers. 
Demonstrate understanding of facts and ideas by 
organising, comparing, translating, interpreting, giving 
descriptions, and stating main ideas. 
 
 
44 
 
 
55% 
 
2 
Applying: Solve problems to new situations by applying 
acquired knowledge, facts, techniques, and rules 
differently. 
 
18 
 
22.5% 
 
 
 
 
 
3 
Analysing, Evaluating, and Creating: 
Examine and break information into parts by identifying 
motives or causes. Make inferences and find evidence to 
support generalisations. 
Present and defend opinions by making judgments about 
information, validity of ideas, or quality of work based on 
a set of criteria. 
Compile information together in a different way by 
combining elements in a new pattern or proposing 
alternative solutions. 
 
 
 
 
 
18 
 
 
 
 
 
22.5% 
  Total 80 100% 
 
Prescribed Books for Class 11 Economics: