Check out the CBSE Class 11 2021-22 Economics program and prepare for the CBSE Class 11 2021-22 exam.

Check out the CBSE Class 11 2021-22 Economics program and prepare for the CBSE Class 11 2021-22 exam. Students are advised to download this program and prepare for the CBSE Class 11 2021-22 exam.

CBSE Class 11 Economics Syllabus 2021-22: Academic session CBSE 2021-22

Theory: 80 points, 3 hours Project: 20 points

**New CBSE 2021-22 program (PDF) for 9, 10, 11 and 12: CBSE program for the CBSE 2021-22 academic session**

Part A: Statistics for the economy

In this course, learners are expected to acquire skills in collecting, organizing and presenting quantitative and qualitative information relating to various simple economic aspects in a systematic way. It also aims to provide basic statistical tools to analyze and interpret any economic information and draw the appropriate inferences. In this process, learners must also understand the behavior of various economic data.

Unit 1: Presentation

What is the economy?

Meaning, scope, functions and importance of statistics in economics

Unit 2: Data collection, organization and presentation

Data collection – data sources – primary and secondary; how baseline data is collected with sampling concepts; data collection methods; some important secondary data sources: Census of India and National Sample Survey Organization.

Organization of data: meaning and types of variables; Frequency distribution.

Presentation of the data: tabular presentation and schematic presentation of the data:

(i) Geometric shapes (bar charts and pie charts),

(ii) Frequency Plots (Histogram, Polygon and Ogive) and (iii) Arithmetic Line Plots (Time Series Graph).

Unit 3: Statistical tools and interpretation

For all numerical problems and solutions, the appropriate economic interpretation can be attempted. This means that the students must solve the problems and provide an interpretation of the derived results.

Measures of Central Tendency – Arithmetic Mean, Median and Mode

Measures of dispersion – absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (range coefficient, quartile deviation coefficient, mean deviation coefficient, coefficient of variation)

Correlation – meaning and properties, scatter diagram; Correlation measures – Karl Pearson method (two given variables not pooled) Spearman rank correlation.

Introduction to indices – meaning, types – wholesale price index, consumer price index and industrial production index, uses of indices; Inflation and number of indices.

Part B: Introduction to Microeconomics

Unit 4: Presentation

Meaning of microeconomics and macroeconomics; positive and normative economy

What is an economy? Central problems of an economy: what, how and for whom to produce; frontier concepts of production possibility and opportunity cost.

Unit 5: Balance and consumer demand

Consumer equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, consumer equilibrium conditions using marginal utility analysis.

Consumer balance indifference curve analysis – consumer budget (set of budget and budget line), consumer preferences (indifference curve, indifference map) and consumer equilibrium conditions .

Demand, market demand, determinants of demand, timing of demand, demand curve and its slope, movement along and shifts of the demand curve; price elasticity of demand – factors affecting the price elasticity of demand; measure of the price elasticity of demand – percentage change method.

Unit 6: Behavior and supply of producers

Meaning of the production function – Total short and long term product, average product and marginal product. Returns to a factor: law of variable proportions

Cost: Short term costs – total cost, total fixed cost, total variable cost; average cost; average fixed cost, average variable cost and marginal cost – meaning and their relationships.

Income – total, average and marginal income – meaning and their relation. Producer equilibrium – meaning and its conditions in terms of marginal income – marginal cost.

Supply, supply in the market, determinants of supply, supply schedule, supply curve and its slope, movements and shifts of the supply curve, price elasticity of supply; measure of the price elasticity of supply – percentage change method.

Unit 7: Forms of market and price determination in perfect competition with simple applications.

Perfect Competition – Features; Determination of market equilibrium and effects of variations in supply and demand.

Other forms of market – monopoly, monopolistic competition – their meaning and characteristics.

Simple applications of demand and supply: ceiling price, floor price.

Part C: Project in economics

Guidelines as given in the class XII syllabus

Suggested question Paper Design Economics (Code No. 030) Class XI (2021-22)

March 2022 review

Notes: 80, Duration: 3 hours.