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CBSE Syllabus of Class 11 Economics 2019-20

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CBSE Syllabus for Class 11 Economics 2019-20 contains all the topics of this session. myCBSEguide provides you latest Syllabus for Class 11. Economics is the social science that studies the production, distribution, and consumption of goods and services. Students can download CBSE Syllabus for class 11 in PDF format is now available in myCBSEguide mobile app. The curriculum for March 2020 exams is designed by CBSE, New Delhi as per NCERT textbooks for the session 2019-20.

CBSE Syllabus for class 11 Economics 2019-20

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CBSE Syllabus Class 11 Economics – in PDF

Theory: 80 Marks (3 Hours)
Project: 20 Marks

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Part Astatistics for Economics
Collection, Organisation and Presentation of Data27
Statistical Tools and Interpretation2766
Part BIntroductory Microeconomics
Consumer’s Equilibrium and Demand1332
Producer Behaviour and Supply1332
Forms of Market and Price Determination under perfect competition with simple applications1028
Part CProject Work2020

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 (07 Periods)
What is Economics?
Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation, and Presentation of data (27 Periods)
Collection of data – sources of data – primary and secondary; how basic data is collected, with concepts of Sampling; Sampling and Non-Sampling errors; 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:

  1. Geometric forms (bar diagrams and pie diagrams),
  2. Frequency diagrams (histogram, polygon and ogive) and
  3. Arithmetic line graphs (time series graph).

Unit 3: Statistical Tools and Interpretation (66 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- mean (simple and weighted), median and mode
Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of range, co -efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning, construction and its application. Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data) Spearman’s rank correlation.
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.
Part B: Introductory Microeconomics
Unit 4: Introduction (8 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 (32 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.
Unit 6: Producer Behaviour and Supply (32 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, average 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: Forms of Market and Price Determination under Perfect Competition with simple applications(28 Periods)
Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
Other Market Forms – monopoly, monopolistic competition, oligopoly – their meaning and features.
Simple Applications of Demand and Supply: Price ceiling, price floor.
Part C: Project in Economics (20 Periods)
Guidelines as given in class XI curriculum

Suggested Question Paper Design
Economics (Code No. 030)
Class XI (2019-20)
March 2020 Examination

Marks: 80
Duration: 3 hrs.

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SNTypology of QuestionsObjective Type/ MCQ 1 MarkShort Answer I 3 MarksShort Answer II 4 MarksLong Answer 6 MarksMarks
1Remembering: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers.512122
2Understanding: Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas512122
3Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques and rules in a different way.511118
4 Analysing and Evaluating: 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.
Creating: Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.
Total20X1=204X3=126X4=244X6=2480 (34)

There will be Internal Choices in questions of 1 mark, 3 marks, 4 marks and 6 marks in both sections (A & B). In all, total 8 internal choices

Guidelines for Project Work in Economics (Class XI)

The objectives of the project work are to enable learners to:

  • probe deeper into theoretical concepts learnt in classes and XI
  • analyse and evaluate real world economic scenarios using theoretical constructs and arguments
  • demonstrate the learning of economic theory
  • follow up aspects of economics in which learners have interest
  • develop the communication skills to argue logically

The expectations of the project work are that:

  • learners will complete only ONE project in each academic session
  • project should be of 3,500-4,000 words (excluding diagrams & graphs), preferably hand-written
  • it will be an independent, self-directed piece of study

Role of the teacher: The teacher plays a critical role in developing thinking skills of the learners. A teacher should:

  • help each learner select the topic based on recently published extracts from the news media, government policies, RBI bulletin, NITI Aayog reports, IMF/World Bank reports etc., after detailed discussions and deliberations of the topic
  • play the role of a facilitator and supervisor to monitor the project work of the learner through periodic discussions
  • guide the research work in terms of sources for the relevant data
  • educate learner about plagiarism and the importance of quoting the source of the information to ensure authenticity of research work
  • prepare the learner for the presentation of the project work
  • arrange a presentation of the project file

Scope of the project:
Learners may work upon the following lines as a suggested flow chart:
CBSE Syllabus of Class 11 Economics 2019-20
Expected Checklist:

  • Introduction of topic/title
  • Identifying the causes, consequences and/or remedies
  • Various stakeholders and effect on each of them
  • Advantages and disadvantages of situations or issues identified
  • Short-term and long-term implications of economic strategies suggested in the course of research
  • Validity, reliability, appropriateness and relevance of data used for research work and for presentation in the project file
  • Presentation and writing that is succinct and coherent in project file
  • Citation of the materials referred to, in the file in footnotes, resources section, bibliography etc.

Mode of presentation/submission of the Project:
At the end of the stipulated term, each learner will present the research work in the Project File to the External and Internal examiner. The questions should be asked from the Research Work/ Project File of the learner. The Internal Examiner should ensure that the study submitted by the learner is his/her own original work. In case of any doubt, authenticity should be checked and verified.
Marking Scheme:
Marks are suggested to be given as –

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S. No.HeadingMarks Alloted
1.Relevance of the topic3
2.Knowledge Content/Research Work6
3.Presentation Technique3
Total20 Marks

Suggestive List of Projects:

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Effect on PPC due to various government policiesInvisible Hand (Adam Smith)
Opportunity Cost as an Economic Tool (taking real life situations)Effect of Price Change on a Substitute Good (taking prices from real life visiting local market)
Effect on equilibrium Prices in Local Market (taking real life situation or recent news)Effect of Price Change on a Complementary Good (taking prices from real life visiting local market)
Solar Energy, a Cost Effective Comparison with Convetional Energy SourcesBumper Production- Boon or Bane for the Farmer
Any other newspaper article and its evaluation on basis of economic principlesAny other topic

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