CBSE Class 11 Economics Syllabus (Revised) CBSE Syllabus, NCERT Text Books Download @ cbse.nic.in

Economics is a major subject for the students under Commerce stream and who wish to go forward in this field. CBSE has designed the syllabus for Economics that allows students to analize various economic issues and develop the ability to combat them. The complete syllabus has been categorized into seven units to provide a clear vision of all the important topics in an elaborated way. Candidates can check the CBSE Class 11 Economics Syllabus here from this post.

CBSE Class 11 syllabus for Economics

Provided below is the period-wise and mark-wise distribution of the CBSE class 11 Economics syllabus. Important topics included in the syllabus and divided under 7 different units are also given in detail. Candidates in class 11 studying in the Commerce stream should carefully check the whole syllabus.

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, Methods of Collecting Data, Some Important Sources of Secondary Data, How Basic Data Is Collected, Concepts of Sampling, Sampling and Non-Sampling Errors, 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

• Measures of Central Tendency: Mean (Simple and Weighted), Median and Mode
• Measures of Dispersion: Absolute Dispersion (Range, Quartile Deviation, Mean Deviation and Standard Deviation), Co-Efficient of Mean Deviation, Relative Dispersion (Co-Efficient of Range, Co-Efficient of Quartile-Deviation, Construction and Its Application Co-Efficient of Variation), Lorenz Curve- Meaning
• Correlation: Scatter Diagram, Meaning and Properties, Measures of Correlation- Karl Pearson’s Method (Two Variables Ungrouped Data) Spearman’s Rank Correlation
• Introduction To Index Numbers: Meaning, Types, Wholesale Price Index, Uses of Index Numbers, Inflation and Index Numbers, Consumer Price Index and Index of Industrial Production

Unit 4: Introduction

• Meaning of Microeconomics and Macroeconomics, Positive and Normative Economics
• What Is An Economy? Central Problems of an Economy, Concepts of Production Possibility Frontier and Opportunity Cost, What, How and For Whom To Produce

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: 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, Price Elasticity of Demand, Factors Affecting Price Elasticity of Demand, Demand Curve and Its Slope, Movement Along and Shifts In The Demand Curve, 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: Total Cost, Average Cost, Short Run Costs, Total Fixed Cost, Total Variable 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, Price Elasticity of Supply, Measurement of Price Elasticity of Supply, Supply Curve and Its Slope, Movements Along and Shifts In Supply Curve, 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, Oligopoly- Their Meaning and Features
• Simple Applications of Demand and Supply, Price Ceiling, Price Floor

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