Syllabus of economics class 11 cbse 2023-24 with solutions pdf download

You will get all Syllabus of economics class 11 cbse 2023-24 with solutions pdf download for board exam 2024.

CBSE Economics syllabus for Class 11 is designed to introduce students to the basic concepts of Economics, such as demand, supply, equilibrium, price, market, etc.

It also covers the different forms of market structures and how prices are determined in each market structure. The project work is designed to help students apply their knowledge of Economics to real-world situations.

About Syllabus of economics class 11 cbse 2023-24

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.

 Realisation of learners’ role in nation building and sensitivity to the economic issues that the nation is facing today.

 Equipment with basic tools of economics and statistics to analyse economic issues.
This is pertinent for even those who may not pursue this course beyond 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.

About course of class 11 economics syllabus 2023-24

For senior secondary stage, the learners are in a position to understand abstract ideas, exercise the power of thinking and to develop their own perception. It is at this stage, the learners are exposed to the rigour of the discipline of economics in a systematic way.

Economics courses are introduced in such a way that in the initial stage, the learners are introduced to the economic realities that the nation is facing today along with some basic statistical tools to understand these broader economic realities. In the later stage, the learners
are introduced to economics as a theory of abstraction.

Economics courses also contain many projects and activities. These will provide
opportunities for the learners to explore various economic issues both from their day-to-day life and also from issues, which are broader and invisible in nature. The academic skills that they learn in these courses would help to develop the projects and activities.

Syllabus is also expected to provide opportunities to use information and communication technologies to
facilitate their learning process.

Detailed syllabus of class 11 economics

ECONOMICS (030)
CLASS – XI (2023-24)

Theory: 80 Marks 3 Hours
Project: 20 Marks

Units and Marks

Part A

Statistics for Economics
Introduction 15 Marks

Collection, Organisation and Presentation of Data 30 marks

Statistical Tools and Interpretation 25 marks

Part B

Introductory Microeconomics
Introduction 04 Marks

Consumer’s Equilibrium and Demand 14 marks

Producer Behaviour and Supply 14 Marks

Forms of Market and Price Determination under perfect competition with simple applications 08 marks

Part C Project Work 20 20

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:
(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- 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.

LProducer’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: 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 as given in Class XII curriculum. Download pdf of class 11 syllabus economics 2023-24

Syllabus of economics class 11 cbse 2023-24 PDF Download