CBSE Economics Class 11 Syllabus 2024 – Chapters, Topics, Weightage

CBSE Economics Class 11 Syllabus 2024: Are you Looking for CBSE Class 11 Economics Syllabus 2024, Chapter, Topics ??? Then, you are on the right track. Those who are Interested to know about the Information for Class XI CBSE Economics Syllabus 2024 may go through this article. As we have provided the details for CBSE Class 11 Syllabus. We all are aware that how important are the Class XI Exams in a student’s life. But students may not have to be worried about the CBSE Syllabus. Each and every detail is provided in this article related to the Central Board of Secondary Education.

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CBSE Economics Class 11 Syllabus 2024

Download CBSE Economics Class 11 Syllabus 2024

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CBSE Economics Class 11 Syllabus 2024

Part – A: Introductory Microeconomics

Unit – 1: 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 – 2: Consumer’s Equilibrium and Demand

Consumer’s equilibrium – meaning of utility, marginal utility, the 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 – 3: 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, the 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 the supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.

Unit – 4: 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, oligopoly – their meaning and features.

Simple Applications of Demand and Supply: Price ceiling, price floor.

Part – B: Statistics for Economics

The learners are expected to acquire skills in collection, organization, 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 behavior 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; Sampling and Non-Sampling errors; 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) and (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– mean (simple and weighted), 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); Lorenz Curve: Meaning, construction, and its application.

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.

Objectives  :

• Understanding of some basic economic concepts and development of economic reasoning which the learners can apply in their day-to-day life as citizens, workers, and consumers.
• Equipment with basic tools of economics and statistics to analyze economic issues. This is pertinent for even those who may not pursue this course beyond the senior secondary stage.
• Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically with reasoning.
• Realisation of learners’ role in nation-building and sensitivity to the economic issues that the nation is facing today.

Suggested Projects :

• Changing consumer awareness among households.
• Study of a cooperative institution: milk cooperatives, marketing cooperatives, etc.
• A report on the demographic structure of your neighborhood.
• Global warming.
• Dissemination of price information for growers and their impact on consumers.
• Case studies on public-private partnership, outsourcing, and outward Foreign Direct Investment.
• Designing eco-friendly projects applicable in school such as paper and water recycle.

Students need not have to worry about the Exam syllabus. As we have provided about CBSE Economics Class 11 Syllabus 2024 in this article. Once, check it and immediately start the preparation. Also, keep following us for such Updates and Do not forget to share this article with your friends. So, they may also know about CBSE Class 11 Economics Syllabus 2024 and they may also start preparing for the Exams. The curriculum for March 2020 exams is designed by CBSE, New Delhi as per NCERT textbooks for sessions 2020-21.