## CBSE Class 11 Economics Syllabus 2020-21| Check Latest Exam Pattern

CBSE has released Class 11 Economics Syllabus 2020-21 which is important for knowing essential topics which could come in the examinations. The board has decided to reduce the syllabus in this academic session due to ongoing health crisis. The annual board examination will be of 80 marks, with a duration of three hours while project work will be of 20 Marks. Units - Marks Part A Statistics for Economics - - Introduction 13 - Collection, Organisation and Presentation of Data - Statistical Tools and Interpretation 27 Part B Introductory Microeconomics - - Introduction 4 - Consumer's Equilibrium and Demand 13 - Producer Behaviour and Supply 13 - Forms of Market and Price Determination under perfect competition with simple applications 10 Part C Project Work 20

Part A: Statistics for Economics

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

• Measures of Central Tendency- Arithmatic mean, median and mode.
• Measures of Dispersion - absolute dispersion standard deviation); relative dispersion co-efficient of variation).
• Correlation – meaning and properties, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data).
• Introduction to Index Numbers - meaning, types - wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers.

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; 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.

Unit 6: Producer Behaviour and Supply 26 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.
• 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.

• 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.

Topics deleted from Class 11 Economics Syllabus 2020-21

Part A: Statistics for Economics

Unit 3: Statistical Tools and Interpretation

• Measures of Dispersion - (range, quartile deviation, mean deviation and); (co-efficient of range, co-efficient of quartile-deviation, coefficient of mean deviation,
• Correlation –Spearman's rank correlation.
• Index Numbers - index of industrial production.

Part B: Introductory Microeconomics

Unit 4: Introduction

• Concepts of production possibility frontier.

Unit 6: Producer Behaviour and Supply

• Producer's equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost.

Unit 7: Forms of Market and Price Determination under Perfect Competition with simple applications

• Other Market Forms - monopoly, monopolistic competition - their meaning and features

Prescribed Books:

1. Statistics for Economics, NCERT
2. Introductory Microeconomics, NCERT