CBSE 2024-25 Economics Syllabus for Class 11: Understanding Economic concepts is an important requirement that every person should know. It is one of the social sciences that greatly influences the human beings. With the change in economic life and the economy the need to understand its basics becomes essential. Thus, CBSE introduces Economics (Code-030) to Class 11 students. This subject is available to commerce stream students that amalgamate with the knowledge of accounts and finance.
The latest syllabus of CBSE 11th Economics for the academic year 2024-25 can be downloaded here in PDF format. This article will also explain the course structure, course content and other important aspects of the syllabus.
CBSE Class 11 Economics 2024-25 Course Structure
The CBSE 11th Economics curriculum is divided into theory and project. The theory part comprises of 80 marks and the project will be evaluated for 20 marks. Thus, students will get a mark out of 100 on their final marksheet. The time allocated for the theory exam is three hours. Check the complete course structure below:
| Units |
| Marks | Periods |
| Part A | Statistics for Economics |
|
|
|
| Introduction | 15 | 10 |
|
| Collection, Organisation and Presentation of Data | 30 | |
|
| Statistical Tools and Interpretation | 25 | 50 |
|
|
| 40 |
|
| Part B | Introductory Microeconomics |
|
|
|
| Introduction | 04 | 10 |
|
| Consumer's Equilibrium and Demand | 14 | 40 |
|
| Producer Behaviour and Supply | 14 | 35 |
|
| Forms of Market and Price Determination under perfect competition with simple applications | 08 | 25 |
|
|
| 40 |
|
|
|
|
| 200 |
| Part C | Project Work | 20 | 20 |
CBSE Class 11 Economics Syllabus 2024-25
The CBSE 11th Economics syllabus is bifurcated into two parts. Part A deals with statistics in economics, and the other part, i.e., Part B, deals with microeconomics. There is another part called Part C, which includes the guidelines and information regarding the projects. To completely understand the CBSE Class 11 Economics Syllabus 2024–25, you can refer to the table below for unit-wise elaboration on the curriculum.
| Part A: 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 (10 Periods) |
| What is Economics? Meaning, scope, functions and importance of statistics in Economics |
| Unit 2: Collection, Organisation and Presentation of data (30 Periods) |
| 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 (50 Periods) |
| 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- 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 (Non-Repeated Ranks and Repeated Ranks). 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. |
| Part B: Introductory Microeconomics |
| Unit 4: Introduction (10 Periods) |
| 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 5: Consumer's Equilibrium and Demand (40 Periods) |
| 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 and total expenditure method. |
| Unit 6: Producer Behaviour and Supply (35 Periods) |
| 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 Revenue, Average Revenue 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 7: Perfect Competition - Price Determination and simple applications. (25 Periods) |
| Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply. (Short Run Only) Simple Applications of Demand and Supply: Price ceiling, Price floor. |
| Part C: Project in Economics (20 Periods) |
| Guidelines as given in the Class XII curriculum |
CBSE Class 11 Economics Question Paper Design 2024-25
The CBSE Class 11 Economics 2025 exam paper will have questions that will evaluate the students based on remembering, understanding, applying, analysing, and evaluating skills. Each part will help students achieve the marks that are allocated for that particular typology. For more information, check out the content below:
| 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, validity of ideas, or 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% |
CBSE Class 11 Economics Deleted Syllabus
There are certain topics that have been removed from the old CBSE 11th Economics syllabus. The deleted content or topics won’t be asked in the 2025 examination and thus should not be included in the current syllabus. Check the table below to see which topics are no longer part of the 11th-grade Economics syllabus.
| Unit | Unit Name | Deleted Topics | Added |
| Part A: Statistics for Economics | |||
| 1 | Introduction | No Change | - |
| 2 | Collection, Organisation and Presentation of Data | Sampling and Non-Sampling errors | - |
| 3 | Statistical Tools and Interpretation | Weighted mean Measures of Dispersion Simple aggregative method | Non-Repeated Ranks and Repeated Ranks |
| Part B: Introductory Microeconomics | |||
| 4 | Introduction | No Change | - |
| 5 | Consumer's Equilibrium and Demand | Total expenditure method | - |
| 6 | Producer Behaviour and Supply | No change | - |
| 7 | Forms of Market and Price Determination under perfect competition with simple applications | Other Market Forms - monopoly, monopolistic competition, oligopoly - their meaning and features | - |
To get more information about the CBSE Class 11, keep checking the official website of Jagran Josh.
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