Prepare yourself to delve into the details of the CBSE class 11 Economics syllabus. All details of the CBSE class 11 Economics syllabus can be explored in a quick glance in this blog. Before you begin, you need to know how to do the right calculations for making a solid study plan. A good study plan helps you achieve expected success in the Central Board of Secondary Education (CBSE) class 11 exam. This is the action you need to take:
● Take a quick look at all the sections
● Check how many chapters are there under every section
● Calculate the time needed to complete specific chapters
● Find out how many days are left in your final exam
● Divide the number of chapters by the number of days
This simple exercise explained above will give you an instant boost of confidence! Once you have created the above plan, you must arrange for Economics class 11 previous year question papers. This gives an idea about the pattern of questions. Practice sample question papers for class 11 CBSE Economics with solutions.
There are two parts of CBSE class 11 Economics syllabus-
o Statistics for Economics – Learn how to collect and understand data. Study different types of graphs.
o Introductory Microeconomics – In this part, you learn how people and businesses make choices in buying and selling. They study important ideas like demand, supply, and market prices.
Overall, this CBSE 11 Economics syllabus helps students understand how the economy works and how to analyse information.
· Statistics for Economics
· Introduction
· Collection, Organisation and Presentation of Data
· Statistical Tools and Interpretation
· Introduction Microeconomics
· Consumer's Equilibrium and Demand
· Producer Behaviour and Supply
· Forms of Market and Price Determination under perfect competition with simple applications
Project Work
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.
o What is Economics?
o Meaning, scope, functions and importance of statistics in Economics
o 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.
o Organisation of Data: Meaning and types of variables; Frequency Distribution
o Presentation of Data: Tabular presentation and diagrammatic presentation of data
o Measures of Central Tendency- Arithmetic mean, median and mode
o Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's method, Spearman's rank correlation (non-repeated ranks and repeated ranks)
o 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
o What is an economy?
o Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost
o Consumer's equilibrium - meaning of Utility, Marginal utility, the law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis.
o Indifference curve analysis of consumer's equilibrium
o Demand, market demand, determinants of demand & demand schedule
o Demand curve and its slope, movement along and shifts in the demand curve
o Meaning of Production Function – Short-run and long-run total product, average product and marginal product.
o Returns to a Factor
o Cost – Learn short run costs, total cost, total fixed cost, total variable cost, average cost, etc.
o Revenue – Revenue – Total, average, and marginal revenue - meaning and their relationship.
o Producer's Equilibrium - Meaning and its conditions in terms of marginal revenue- marginal cost
o Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in the supply curve
o Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply
o Simple applications of demand and supply: Price ceiling, Price floor.
The Father of Economics is Adam Smith.
Yes. Maths is included in Economics.
No. Economics is not full of Maths. Some Maths is used.
Economics is considered hard by some students in class 11 CBSE.
Economics is seen as harder than Biology by some students.
Economics is thought to be easier than Physics by some students.
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