Get here CBSE Class 11 Economics Syllabus 2022-2023 in PDF format. This is the new syllabus that the board has issued in accordance with the revised assessment plan for the current subject collection. Some of the topics from the old curriculum have been removed. So, students should go through the new CBSE Class 11 Economics Syllabus to prepare the right content for their annual exam and get good grades. You can also check here the Class 11 Economics Project Work details and the expected questionnaire design for the CBSE Class 11 Economics Annual Exam 2022-23.
Check CBSE class 11 Economy (Code no. 030) Course structure 2022-23 below:
Check CBSE class 11 syllabus for all courses for the session 2022-2023 (PDF)
Part A: Statistics for Economics
In this course, students are expected to acquire skills in collecting, organizing and presenting quantitative and qualitative information related to various simple economic aspects systematically. It also intends to provide some basic statistical tools for analyzing and interpreting all economic information and drawing appropriate conclusions. In this process, students are also expected to understand the behavior of various financial data.
Unit 1: Introduction (10 periods)
What is economics? Significance, scope, functions and significance of statistics in economics
Unit 2: Collection, organization and presentation of data (30 periods)
Data collection – data sources – primary and secondary; how basic data is collected with Sampling concepts; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organization.
Organization of data: Meaning and types of variables; Frequency distribution.
Presentation of data: Table presentation and diagrammatic presentation of data:
(i) Geometric shapes (bar charts and pie charts),
(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 can be attempted. This means that students must solve the problems and give an interpretation of the results achieved.
Measures for central trend – Arithmetic mean, median and mode
Context – meaning and properties, scatter plot; Measures for correlation – Karl Pearson’s method (two variables ungrouped data) Spearman’s rank correlation.
Introduction to index number – meaning, types – wholesale price index, consumer price index and index for industrial production, use of index number; Inflation and index figures.
Part B: Introductory Microeconomics
Unit 4: Introduction (10 periods)
The importance of microeconomics and macroeconomics; positive and normative economy What is an economy? Key issues in an economy: what, how and for whom to produce; concepts for production opportunity limit and alternative cost.
Unit 5: Consumer equilibrium and demand (40 periods)
Consumer equilibrium – the significance of utility, marginal utility, law on diminishing marginal utility, conditions for the consumer’s equilibrium when using marginal utility analysis.
Indifference curve analysis of the consumer’s equilibrium – the consumer’s budget (budget set and budget line), the consumer’s preferences (indifference curve, indifference map) and the conditions for the consumer’s equilibrium.
Demand, market demand, determinants of demand, demand plan, demand curve and its slope, movement along and displacements in the demand curve; price elasticity in demand – factors that affect the price elasticity of demand; measurement of price elasticity for demand – percentage change method and total expenditure method.
Unit 6: Producer behavior and supply (35 periods)
The importance of the production function – short-term and long-term
Total Product, Average Product and Marginal Product.
Going back to a factor
Cost: Short-term costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost significance and their relationships.
Income – total, average and marginal income – significance and their relationship.
The producer’s equilibrium significance and its conditions in the form of marginal revenue margin costs. Quotations, market quotations, determinants of quotations, quotation plan, quotation curve and its slope, movements along and displacements in the quotation curve, quotation price elasticity; measurement of price elasticity of supply – percentage change method.
Unit 7: Market forms and pricing under perfect competition with simple applications. (25 periods)
Perfect competition – Features; Determination of market equilibrium and effects of changes in demand and supply. Simple applications of demand and supply: Price ceiling, price floor.
Part C: Project in Economics (20 periods)
(Check guidelines for project work in PDF below)
Proposed question paper design for class 11. economics (code no. 030) March 2023 exam:
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