CBSE Class 11 Economics Syllabus 2024-25: Updated Curriculum

The table below shows the course structure and marks distribution in the updated Economics Class 11 Syllabus 2024-25.

Quick Overview of Economics Class 11 Syllabus 2024-25

The Class 11 Economics Syllabus 2024-25 provides interesting chapters and topics. It starts with the basics of Economics and later into complex concepts. Check out the description below for a breakdown of what you'll be learning in each unit.

Part A: Statistics for Economics 

In this course, the learners are expected to acquire skills in the collection, organisation, and presentation of quantitative and qualitative information about 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

What is Economics? 

Meaning, scope, functions, and importance of statistics in Economics 

Unit 2: Collection, Organisation, and Presentation of Data

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)

(iii) Arithmetic line graphs (time series graph). 

Unit 3: Statistical Tools and Interpretation 

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 

Correlation – meaning and properties, scatter diagram; measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation (Non-Repeated Ranks and Repeated Ranks).

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, Simple Aggregative Method. 

Part B: Introductory Microeconomics 

Unit 4: Introduction

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

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 and total expenditure method.

Unit 6: Producer Behaviour and Supply

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 Revenue, Average Revenue, 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 the supply curve, price elasticity of supply; measurement of price elasticity of supply - percentage-change method. 

Unit 7: Perfect Competition - Price Determination and Simple Applications. 

Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply. (Short Run Only) 

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

Part C: Project in Economics

Class 11 Economics Deleted Syllabus 2024-25

The Class 11 Economics Deleted Syllabus 2024-25 is available here. There are a few topics, examples, and even entire chapters that are no longer part of the curriculum. The table below shows the removed sections, so you and your teachers can focus on the most relevant material for your exams.

Guidelines for Project Work in Economics

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

• Probe deeper into theoretical concepts learnt in Class XI.

• Analyse and evaluate real-world economic scenarios using theoretical constructs and arguments.

• Demonstrate the learning of economic theory.

• Follow up on aspects of economics in which learners have an 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 3,500-4,000 words (excluding diagrams & graphs), preferably hand-written. 

• It will be an independent, self-directed piece of study.

CBSE Economics Class 11 Syllabus 2024-25 - (030) Question Paper Design

The Central Board of Secondary Education (CBSE) has released the question paper design for the upcoming 2024-25 academic year Economics exam for Class 11 (code 030). This breakdown outlines the format and types of questions you can expect for the test.

Benefits of Downloading CBSE Class 11 Economics Syllabus PDF

Access a key resource for the CBSE Class 11 Economics Syllabus PDF. Here are some reasons why downloading your syllabus is a must-do:

1. The Syllabus outlines the topics you'll cover, the source of learning, and important deadlines. 

2. The syllabus often lists learning objectives and assessment formats. Use this information to start researching key concepts, browsing recommended resources, or even forming study groups with classmates. 

3. A syllabus often contains information beyond the textbook that can enhance your understanding and offer different perspectives on the material.

4. The syllabus outlines the types of assessments you'll face and their weighting. With this knowledge, you can prepare your study strategies for each specific format.

5. A downloaded syllabus is always at your fingertips. Need to double-check a due date, revisit a specific topic, or stay updated on any changes announced by your teacher.

6. Having the syllabus readily available keeps you organised and ensures you're meeting all course expectations.

Economics Class 11 Syllabus 2024-25 Exam Preparation Tips 

• Stay Updated with the new Syllabus

• Understand the Concepts

• Practise all Sample Papers

• Learn with Diagrams and Schematic Representation

• Form a Study Group

• Time Management

• Active Learning

• Manage Stress

Prescribed Books for Class 11 Economics

1. Statistics for Economics, NCERT 

2. Indian Economic Development, NCERT 

3. Introductory Microeconomics, NCERT 

4. Macroeconomics, NCERT 

5. Supplementary Reading Material in Economics, CBSE

The CBSE Class 11 Economics syllabus for 2024-25 provides an understanding of economic principles. By familiarising yourself with the core concepts of microeconomics and statistical tools, students will learn about the key concepts. Consistent practice is key to understanding this subject. Access the CBSE Class 11 Economics Syllabus PDF for FREE for effective preparation.

Related Topic Pages for Class 11 Economics

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