CLASS 11 CBSE Economics syllabus

Economics as a field and as a subject in itself is in demand because of the growing need for money and its management. Students can learn the art of survival through gaining a degree of competency in both the theory and applications of commerce and economics.  The subject provides a plethora of options to excel in various industries as the disciplines focus upon production, allocation, and utilization of goods and services across sectors. Following content provide a clear-cut idea of how one can use Class 11 Economics Syllabus wisely.  The subject is for 80 marks theory and 20 marks project and the details of marks and the duration for each unit is given below.  

 

PART-A 

Marks

Periods

Introduction

  • What is Economics?

  • Meaning, scope, functions and importance of statistics in Economics

 

 

 

 

13

07

Collection, Organization 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 Organization.

  • Organization of Data: Meaning and types of variables; Frequency Distribution.

  • Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data through geometric forms (bar diagrams and pie diagrams), Frequency diagrams (histogram, polygon and ogive) and Arithmetic line graphs (time series graph).

27

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); 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.

27

66

Part-B

40

100

 

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.

4

8

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.

 

 

 

13

32

Producer Behavior 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.

13

32

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.

10

28

Allotted Marks

40

100

20

20

 



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