Class 11th Economics Syllabus 2023-24
Here we provide the latest CBSE Class 11 Economics Syllabus 2023 24. You can also Download the new and revised CBSE Economics syllabus class 11 PDF. The present revised syllabus of class 11 Economics has been designed in accordance with National Curriculum Framework 2005.
Economics is a scoring subject but needs a lot of practice and conceptual understanding of the topics. CBSE Economics syllabus class 11 helps you understand the important topics. We advise you to read the CBSE class 11 Economics syllabus 2022 23 carefully. Class 11th Economics syllabus also helps you in preparation for competitive exams like IIT, AIEEE etc.
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Class 11 Economics Syllabus 2023- 24 – Course Structure
Before you read the Class 11th Economics syllabus you have to understand the course structure to complete the Economics syllabus of class 11
Theory: 80 Marks Time: 3 Hours
Project: 20 Marks
| Units | Title | Marks |
| Part A | Statistics for Economics | 40 |
| 1. | Introduction | 15 |
| 2. | Collection, Organisation and Presentation of Data | |
| 3. | Statistical Tools and Interpretation | 25 |
| Part B | Introductory Microeconomics | 40 |
| 4. | Introduction | 4 |
| 5. | Consumer’s Equilibrium and Demand | 14 |
| 6. | Producer Behaviour and Supply | 14 |
| 7. | Forms of Market and Price Determination under perfect competition with simple applications | 08 |
| Total | 80 | |
| Part C | Project Work | 20 |
CBSE Class 11 Economics Syllabus 2023-24
CBSE Syllabus of Class 11 Economics 2023 24 is given below:
Part A: Statistics for Economics
Unit 1: Introduction
What is Economics?
Meaning, scope 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 interpretations 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.
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.
Part B: Introductory Microeconomics
Unit 4: Introductory Microeconomics – 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 the 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), consumer preferences (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, 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 7: Forms of Market and Price Determination
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.
Part C: Project in Economics
Guidelines as given in the class XI curriculum
Class 11 Economics Question Paper Design
Suggested Question Paper Design
Economics (Code No. 030)
Class XI (2023-24)
March 2024 Examination
Marks: 80. Duration: 3 hrs
| SN | Typology of Questions | Marks | Percentage |
|---|---|---|---|
| 1 | Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas | 44 | 55% |
| 2 | Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way. | 18 | 22.5% |
| 3 | Analysing, Evaluating and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, the validity of ideas, or the quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. | 18 | 22.5% |
| Total | 80 | 100% |