The Ultimate Guide to the CBSE Class 11 Economics Syllabus

Our aim is to foster a solid foundation for students, enabling them to analyze economic phenomena critically and comprehend their real-world implications. We encourage students to explore cbse class 11 economics syllabus diligently, as it forms the basis for a holistic and enriching learning experience in the realm of economics.

Below you will find part-wise syllabus of Economics for Class 11 students:

Part A	Statistics for Economics
Unit 1	Introduction
Unit 2	Collection, Organisation and Presentation of Data
Unit 3	Statistical Tools and Interpretation
Part B	Introductory Microeconomics
Unit 4	Introduction
Unit 5	Consumer’s Equilibrium and Demand
Unit 6	Producer Behaviour and Supply
Unit 7	Forms of Market and Price Determination under perfect competition with simple applications

The detailed CBSE syllabus for Class 11 Economics is given below:

Part A: Statistics for Economics

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

• Measures of Central Tendency- Arithmetic mean, median and mode.

• Statistical Tools and Interpretation

• Measures of Dispersion - absolute dispersion standard deviation); relative dispersion coefficient of variation).

• Correlation - meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data).

• Introduction to Index Numbers - meaning, types – wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers.

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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; 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.

Unit 6: Producer Behaviour & 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.

• 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: 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.

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

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Note - Please verify this information with the latest CBSE syllabus or contact your school.