CBSE SYLLABUS FOR ECONOMICS CLASS-XI YEAR ,2020-2021

 

                            ECONOMICS-XI (Code No. 030)

                                                      (2020-21)

 SYLLABUS FOR ECONOMICS      CLASS – XI (2020-21)

The subject of Economics becomes easy to understand when studied in-depth with real-life examples and applying the same in real life too. Effective reading, learning, practicing, and timely revising the concepts will help to get good marks in the subject.

The syllabus for Class 11th Economics- Statistics for Economics (Part A) and Introductory Microeconomics(Part-B) as per CBSE pattern with marks and period distribution of different units for the academic year 2020-21 is provided below. Students must go through it before planning their studies. 

 ECONOMICS (030)

CLASS – XI (2020-21)

Theory: 80 Marks                                                   Exam Time: 3 Hours  

Project: 20 Marks

Units

 

Marks

Periods

Part A

Statistics for Economics

 

 

 

Introduction


13

07

 

 

Collection, Organisation, and Presentation of Data

 

27

 

 

 

Statistical Tools and Interpretation

 

27

 

66

 


40


100

 

 

 

 

Part B

Introductory Microeconomics

 

 

 

Introduction

4

8

 

Consumer's Equilibrium and Demand

13

32

 

Producer Behavior and Supply

13

32

 

Forms of Market and Price Determination under    perfect competition with simple applications

10

28

 

 


40

 


100

Part C

Project Work


20



20


Part A: Statistics for Economics (40 Marks)

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 analyze, and interpret any economic information and draw appropriate inferences. In this process, the learners are also expected to understand the behavior 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; 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:

(i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon, and Ogive) and (iii) 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: Arithmetic mean, 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, coefficient of variation)

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 (40 Marks)

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 Equilibrium: Consumer's equilibrium - meaning of utility, marginal utility, the law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis.

Indifference Curve 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 and Elasticity of Demand: 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 Behavior and Supply                  (32 Periods)

Production: 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: 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)

Market Forms: Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply. Other Market Forms - monopoly, monopolistic competition - their meaning and features.

Simple Applications of Demand and Supply: Price ceiling, price floor.

Part C: Project in Economics (20 Marks)

Guidelines as given in class XII curriculum                  (20 Periods)   

Note: Pls. Check out the Class XII syllabus for details about Project.

 


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