# CBSE Class 11 Economics Syllabus 2018 - 2019

Jan 7, 2019 17:43 IST
CBSE Class 11 Economics Syllabus 2018 - 2019

Check CBSE Syllabus for Class 11 Economics Exam 2019. This syllabus contains complete details about course structure, recommended books and other information for the preparation of exam. You can download CBSE Class 11 Economics Syllabus 2018 - 2019 from the download link given at the end of this article.

## Important portion of CBSE Class 11 Economics Syllabus 2018 - 2019 is given below

Name of the Units and their weightage

 Units Marks Part A Introductory Microeconomics Introduction 4 Consumer's Equilibrium and Demand 13 Producer Behaviour and Supply 13 Forms of Market and Price Determination under perfect competition with simple applications 10 40 Part B Statistics for Economics 1. Introduction 13 2. Collection, Organisation and Presentation of Data 3. Statistical Tools and Interpretation 27 40 Part C Project Work 20

Details of topics and sub-topics to be covered in each unit

Part A: Introductory Microeconomics

Unit 1: 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.

Unit 2:

Consumer's Equilibrium and Demand 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 3: 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 supply curve, price elasticity of supply; measurement of price elasticity of supply - percentage-change method.

Unit 4: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.

Part B: Statistics for Economics

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.

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; Sampling and Non-Sampling errors; 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 interpretation for the results derived.)

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.

Part C: Developing Project in Economics

The students may be encouraged to develop projects, as per the suggested project guidelines. Case studies of a few organisations / outlets may also be encouraged. Under this the students will do only ONE comprehensive project using concepts from both part A and part B.

Some of the examples of the projects are as follows (they are not mandatory but suggestive): (i) A report on demographic structure of your neighborhood.

(ii) Changing consumer awareness amongst households.

(iii) Dissemination of price information for growers and its impact on consumers.

(iv) Study of a cooperative institution: milk cooperatives, marketing cooperatives, etc.

(v) Case studies on public private partnership, outsourcing and outward Foreign Direct Investment.

(vi) Global warming.

(vii) Designing eco-friendly projects applicable in school such as paper and water recycle.

The idea behind introducing this unit is to enable the students to develop the ways and means by which a project can be developed using the skills learned in the course. This includes all the steps involved in designing  a  project  starting  from  choosing  a  title,  exploring  the  information  relating  to  the  title, collection of primary and secondary data, analysing the data, presentation of the project and using various statistical tools and their inter

Prescribed books

1. Statistics for Economics, Class XI, NCERT

2. Indian Economic Development, Class XI, NCERT

Check more details in the PDF of CBSE Class 11 Economics Syllabus. Download it from the link given below

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