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CBSE Class 11 Economics Syllabus 2023-24: The Central Board of Secondary Education (CBSE) has recently released the official CBSE Class 11 Economics Syllabus for the academic year 2023-24. This syllabus PDF released by CBSE serves as a detailed guide for students, highlighting the topics students must cover for their final exams. Updated CBSE Class 11 Economics Syllabus PDF can be found on the official website or downloaded from this article for easy access. The following article discusses the CBSE Class 11 Economics Syllabus.
CBSE Class 11 Economics Syllabus: Overview
The CBSE Class 11 Syllabus Economics for the academic year 2023-24 covers the following topics. Below given is a breakdown of the marks weightage for the Economics subject according to the CBSE Syllabus:
| Units | Name | Periods | Marks |
| Part A: Foundations of Business | |||
| 1 | Nature and Purpose of Business | 18 | 16 |
| 2 | Forms of Business Organisations | 24 | |
| 3 | Public, Private and Global Enterprises | 18 | 14 |
| 4 | Business Services | 18 | |
| 5 | Emerging Modes of Business | 10 | 10 |
| 6 | Social Responsibility of Business and Business Ethics | 12 | |
| Total | 100 | 40 | |
| Part B: Finance and Trade | |||
| 7 | Sources of Business Finance | 30 | 20 |
| 8 | Small Business | 16 | |
| 9 | Internal Trade | 30 | 20 |
| 10 | International Business | 14 | |
| Total | 90 | 40 | |
| Project Work (One) | 30 | 20 | |
CBSE Class 11 Economics Syllabus Details
Unit 1: Introduction
- What is Economics?
- Meaning and scope of economics
- Functions of statistics
- Importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of Data
Collection of data:
- Sources of data: Primary and Secondary
- Basic concepts of Sampling
- Methods of collecting data
- Important sources of secondary data
- Census of India
- National Sample Survey Organisation
Organisation of Data:
- Meaning and types of variables
- Frequency Distribution
Presentation of Data:
- Tabular Presentation
- Diagrammatic Presentation:
- Geometric forms: Bar diagrams and Pie diagrams
- Frequency diagrams: Histogram, Polygon, and Ogive
- Arithmetic line graphs: Time series graph
Unit 3: Statistical Tools and Interpretation
Measures of Central Tendency:
- Arithmetic mean
- Median
- Mode
Correlation:
- Meaning and properties
- Scatter diagram
- Measures of correlation:
- Karl Pearson’s method (for two variables ungrouped data)
- Spearman’s rank correlation
Introduction to Index Numbers:
- Meaning and types
- Wholesale Price Index
- Consumer Price Index
- Index of Industrial Production
- Uses of index numbers
- Inflation and index numbers
Unit 4: Introduction
Meaning of Microeconomics and Macroeconomics:
- Microeconomics: Study of individual economic units like households, firms, and industries.
- Macroeconomics: Study of the economy as a whole, including aspects like inflation, unemployment, and national income.
Positive and Normative Economics:
- Positive Economics: Analysis based on objective data and facts, focusing on what is.
- Normative Economics: Analysis based on value judgments and opinions, focusing on what ought to be.
Central Problems of an Economy:
- What to produce
- How to produce
- For whom to produce
- Concepts of the production possibility frontier
- Opportunity cost.
Unit 5: Consumer’s Equilibrium and Demand
Consumer’s Equilibrium:
- Meaning of utility and marginal utility
- Law of diminishing marginal utility
- Conditions of consumer’s equilibrium using marginal utility analysis
Indifference Curve Analysis:
- Consumer’s budget: Budget set and budget line
- Preferences of the consumer: Indifference curve, indifference map
- 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
- 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:
Understanding the relationship between input and output.
Cost Analysis:
- Short-run costs
- Total cost
- total fixed cost
- total variable cost
- Average cost
- Average fixed cost
- average variable cost
- marginal cost
- Relationships between different cost measures.
Revenue Analysis:
- Total, average, and marginal revenue
- Relationships between revenue measures.
Producer’s Equilibrium:
Meaning and conditions in terms of marginal revenue and marginal cost.
Supply Analysis:
- 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 using the percentage-change method.
Unit 7: Forms of Market and Price Determination
Perfect Competition:
- Features of perfect competition
- Determination of market equilibrium
- Effects of shifts in demand and supply.
Simple Applications of Demand and Supply:
Price ceiling and price floor: Effects and implications.
CBSE Class 11 Economics Syllabus PDF Download Link
The CBSE Class 11 Economics syllabus for the academic year 2023-24 explains details of the chapters included in the Economics syllabus of class 11. A proper understanding of the economics syllabus helps students prepare for their final economics exam effectively. Students are encouraged to download the Class 11 Economics Syllabus PDF to create a strategic exam preparation plan. Students can visit the below provided link to download the Class 11 Economics Syllabus PDF.
Class 11 Economics Syllabus PDF Download Link
CBSE Class 11 Economics Syllabus: Preparation Tips
Preparing for CBSE class 11 Economics can be both exciting and challenging. Follow these tips to help you make the most out of your preparation:
- Understand the CBSE class 11 Economics syllabus: Begin by familiarising yourself with the prescribed CBSE class 11 Economics syllabus. This will give you a clear idea of the topics you need to cover. Also, get yourself a hard copy of the CBSE class 11 Economics syllabus for better access.
- Get the right study materials: You must use good-quality textbooks, reference books, and study guides that cover the topics comprehensively. Make sure the books are recommended by your teachers or are aligned with your curriculum.
- Create a study schedule: Develop a study schedule that allocates sufficient time for each topic. Be realistic with your goals, and make sure to include regular breaks to avoid burnout.
- Take notes: students must take detailed notes while studying the text. Summarise key points, concepts, and definitions in your own words. This will help reinforce your understanding and serve as valuable revision material later on.
- Practice numerical problems: Economics often involves numerical problems, especially in topics like microeconomics and macroeconomics. Practice solving these problems regularly to build your quantitative skills.
- Use visual aids: Economics concepts can sometimes be abstract. Use visual aids such as diagrams, charts, and graphs to understand complex relationships and concepts better.
- Stay updated with current affairs: Economics is a dynamic subject that is influenced by current events and developments. Stay updated with the latest news, economic policies, and trends to enhance your understanding of real-world applications.
- Engage in discussions: Participate actively in classroom discussions and group study sessions. Explaining concepts to others can deepen your understanding and help you remember them better.
- Seek help when needed: Don’t hesitate to ask your teachers, classmates, or tutors for help if you encounter difficulties understanding certain concepts. It’s better to seek clarification early on rather than falling behind.
- Practice previous years’ question papers: Familiarize yourself with the exam pattern and types of questions asked by solving previous years’ question papers. This will help you gauge your preparation level and identify areas that need more focus.
- Review regularly: Periodically review the topics you’ve covered to reinforce your learning. Use techniques like flashcards or concept maps to revise important concepts and keep them fresh in your memory.
- Stay organised: Keep your study materials, notes, and assignments organized. A clutter-free study environment can help improve concentration and productivity.
CBSE Class 11 Economics Syllabus: FAQs
What main topics are covered in the Class 11 Economics syllabus?
The Class 11 Economics syllabus covers topics such as statistics for economics, introductory microeconomics, and basic concepts related to producer behaviour, supply, and market forms.
What skills do students develop through the Class 11 Economics syllabus?
Students develop skills in data collection, organisation, and presentation, as well as statistical analysis and interpretation. They also gain an understanding of microeconomic concepts such as consumer behaviour, demand, and supply.
How is the Class 11 Economics syllabus structured?
The Class 11 Economics syllabus is divided into two parts: Part A covers Statistics for Economics, while Part B covers Introductory Microeconomics. Each part consists of units focusing on different aspects of economics, including theoretical concepts and practical applications. Additionally, a project work component allows students to apply their knowledge in real-world scenarios.
