Everything You Need to Know About Economics Class 11

Economics is a division of social science, which studies the way to use scarce resources to produce valuable commodities and distribute them among different sections of society. It is among the choicest subjects for those willing to opt for Commerce or Humanities in class 12th. The most sought outboard of examination in India, Central Board of Secondary Education (CBSE) provides a very comprehensive syllabus of Economics class 11 by providing a basic understanding of the need and general economic terms. In this blog, we will bring light on the modules covered in the syllabus of Economics class 11th.

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Class 11 Economics Syllabus 2021-2022

Tabulated below is the class 11 Economics syllabus for the academic year 2021-2022:

Units	Chapters	Marks	Periods
Part A	Statistics for Economics
Unit 1	Introduction	13*	07
Unit 2	Collection, Organisation and Presentation of Data	13*	27
Unit 3	Statistical Tools and Interpretation	27	66
		40	100
Part B	Introductory Microeconomics
Unit 4	Introduction	4	8
Unit 5	Consumer’s Equilibrium and Demand	13	32
Unit 6	Producer Behaviour and Supply	13	32
Unit 7	Forms of Market and Price Determination under Perfect Competition with Simple Applications	10	28
		40	100
Part C	Project Work	20	20

* Unit 1 and 2 of Part A together hold a weightage of 13 marks.

Check Out: Rural Development Courses

Class 11 Economics Syllabus: Deleted Section 

For the academic session 2020- 2021, the following topics have been removed from the syllabus of class 11 Economics-

Part A: Statistics for Economics 

Unit 3: Statistical Tools and Interpretation

• Measures of Dispersion – (range, quartile deviation, mean deviation and); (coefficient of range, coefficient of quartile-deviation, co-efficient of mean deviation
• Correlation –Spearman’s rank correlation
• Index Numbers – index of industrial production

Part B: Introductory Microeconomics 

Unit 4: Introduction

• Concepts of production possibility frontier

Unit 6: Producer Behaviour and Supply

• Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost.

Unit 7: Forms of Market and Price Determination

• Other Market Forms: monopoly, monopolistic competition – their meaning and feature

Also Read: Career in Financial Economics

Chapters in Class 11 Economics Syllabus

Here is the list of chapters covered under the Part A and B of the class 11 Economics syllabus-

Part A: Statistics for Economics

• Chapter 1 – Indian Economy on the Eve of Independence
• Chapter 2 – Indian Economy (1950 – 1990)
• Chapter 3 – Liberalisation, Privatisation and Globalisation: An Appraisal
• Chapter 4 – Poverty
• Chapter 5 – Human Capital Formation In India
• Chapter 6 – Rural Development
• Chapter 7 – Employment Growth, Informalisation and Other Issues
• Chapter 8 – Infrastructure
• Chapter 9 – Environment And Sustainable Development
• Chapter 10 – Comparative development Experiences Of India and Its Neighbors

Part B: Introductory Microeconomics

• Chapter 1 – Introduction
• Chapter 2 – Collection of Data
• Chapter 3 – Organisation of Data
• Chapter 4 – Presentation of Data
• Chapter 5 – Measures of Central Tendency
• Chapter 6 – Measures of Dispersion
• Chapter 7 – Correlation
• Chapter 8 – Index Numbers

Chapter 9 – Use of Statistical Tools

Also Read: PhD in Economics

Class 11 Economics Sample Paper 2020-21

To help you score better in your upcoming examinations, here are some of the saple paper for class 11 Economics-

Study Tips for Economics Class 11

Economics Class 11 plays an essential role in building the foundation of major economic theories and concepts that are further studied at an advanced level in Class 12 Economics. To help you prepare for the economics exam, here are the major study tips and strategies you can utilise to get a higher score:

• Master all the major concepts of Indian Economic Development and Statistics through NCERT Books as they can be your essential guide in understanding every topic in a simple manner as well as practising important questions.
• There are many reference Economics books you must have while exploring different concepts and some of the popular ones for Class 11 & 12 are by T.R. Jain, T.S. Grewal, V K Ohri and CB Sachdeva.
• Don’t cram up definitions but understand them thoroughly and explain in your own language.
• Make sure to create tables to explain the difference between any two concepts asked in the exam.
• For formulas and economics theories, use graphic presentation like tables, charts, graphs, etc. as they can help you achieve better scores.
• For numericals, practice as many questions as possible before the exam as this will help you remember the formulas better and understand the type of questions that might come in the exam.

For those of you who want to take up higher education in the subject after completing high school, have an array of specializations to signup for. Here are some of the leading subdivisions of BA Economics that can become your dream course:

Agricultural Economics	Business Economics
Managerial Economics	Financial Economics

FAQs

This was all about Economics class 11 chapters and important topics. If you are planning to make a career in Economics, but are not sure about the ways to do it, seek help from Leverage Edu’s AI-based tool and explore a wide range of programs and universities to find a suitable combination that fits your interests. Book your free career counselling session with us to make a great career ahead!