CBSE Syllabus For Class 11 Economics 2022-23 (Revised) PDF Download

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Syllabus 2022-2023

Class: XI
ECONOMICS (CODE NO. 030)
COURSE STRUCTURE

Theory: 80 Marks
Total Times: 3 hrs Project: 20 Marks

UNITS MARKS
Part A Statistics for Economics
Introduction
15
Collection, Organisation and Presentation of Data
Statistical Tools and Interpretation 25
40
Part B Introductory Microeconomics
Introduction 04
Consumer's Equilibrium and Demand 15
Producer Behaviour and Supply 15
Forms of Market and Price Determination under perfect 06
competition with simple applications
40
Part C Project Work 20

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.

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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) and (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.

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.

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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, average and marginal revenue - meaning and their relationship.

Producer's equilibrium-meaning and its conditions in terms of marginal


revenuemarginal 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.

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UNIT 7: FORMS OF MARKET AND PRICE DETERMINATION UNDER
PERFECT COMPETITION WITH SIMPLE APPLICATIONS.

Perfect competition - Features; Determination of market equilibrium and effects of


shifts in demand and supply.

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

PART C: PROJECT IN ECONOMICS

Guidelines as given in class XII curriculum

PRESCRIBED BOOKS

1. Statistics for Economics, NCERT

2. Indian Economic Development, NCERT

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ECONOMICS QUESTION PAPER DESIGN CLASS – XI (2022-23)
Theory: 80 Marks Time: 3 hrs.
Project: 20 Marks
% Weightage
S.No Typology of Questions Total Marks
(approx.)

Remembering: Exhibit memory of


previously learned material by recalling
facts, terms, basic concepts, and answers.

1 Understanding: Demonstrate 44 55%


understanding of facts and ideas by
organizing, comparing, translating,
interpreting, giving descriptions, and
stating main ideas

Applying: Solve problems to new


situations by applying acquired
2 18 22.5%
knowledge, facts, techniques and rules in
a different way.

Analysing : Examine and break


information into parts by identifying
motives or causes. Make inferences and
find evidence to support generalizations.

Evaluating: Present and defend opinions


by making judgments about information,
3 18 22.5%
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.

Total 80 100%

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