Learnosphere CBSE Class 11 Economics Syllabus

Welcome to your trusted source for the CBSE Class 11 Economics Syllabus! If you are a Class 11 student looking to master Economics, this detailed syllabus guide will help you understand the topics, prepare effectively, and excel in your board exams.

Overview of Class 11 Economics Syllabus

The CBSE Class 11 Economics syllabus is divided into two major parts:

1. Statistics for Economics – Focuses on data collection, analysis, and interpretation.

2. Introductory Microeconomics – Deals with individual economic units like consumers, firms, and markets.

Together, these parts build your foundation for advanced studies in Economics and related subjects like Business, Commerce, and Public Policy.

📚 Unit-Wise Syllabus Breakdown

Part A: Statistics for Economics

This section introduces students to basic statistical tools used in Economics to understand real-world data.

1️⃣ Introduction to Economics

• Meaning, scope, and importance of statistics in economics

• Types of data: Qualitative and quantitative

2️⃣ Collection of Data

• Primary vs. secondary data

• Methods of collecting data

• Sampling and non-sampling errors

• Census vs. sample survey

3️⃣ Organisation of Data

• Raw data and classification

• Frequency distribution

• Tabular presentation of data

4️⃣ Presentation of Data

• Diagrammatic presentation: bar diagrams, pie charts

• Graphical presentation: histograms, frequency polygons, ogives

5️⃣ Measures of Central Tendency

• Mean, Median, and Mode

• Their merits, demerits, and applications

6️⃣ Measures of Dispersion

• Range, Quartile Deviation, Mean Deviation, Standard Deviation

• Relative measures of dispersion

• Comparison of different measures

Part B: Introductory Microeconomics

This part focuses on the economic behavior of individuals and firms in decision-making.

1️⃣ Introduction to Microeconomics

• Definition, scope, and central problems of an economy

• Concepts of scarcity, choice, and opportunity cost

• Types of economies

2️⃣ Consumer's Behaviour – Utility Analysis

• Total and marginal utility

• Law of diminishing marginal utility

• Law of equi-marginal utility

• Consumer equilibrium using utility approach

3️⃣ Consumer's Behaviour – Indifference Curve Analysis

• Indifference curves: meaning, properties

• Budget line and consumer’s equilibrium

• Income and substitution effects

4️⃣ Demand

• Meaning and types of demand

• Law of demand and demand curve

• Factors affecting demand

• Movement vs. shift in demand curve

• Market demand

5️⃣ Elasticity of Demand

• Price, income, and cross elasticity

• Measurement and degrees of price elasticity

6️⃣ Supply

• Law of supply

• Supply schedule and curve

• Factors affecting supply

• Price elasticity of supply

7️⃣ Production

• Concepts of production function

• Total, average, and marginal product

• Laws of returns to a factor

8️⃣ Costs and Revenue

• Concepts of cost: fixed, variable, total, average, marginal

• Concepts of revenue: total, average, marginal

• Relationship between cost and revenue