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Class 11 Economics Syllabus PDF Download (CBSE & ICSE) 2023
Updated On : May 19, 2023
Economics is a subject that covers topics like what is economics, scope, functions, and importance of statistics in economics, etc. This post shall take you through a detailed Class 11 Economics Syllabus for both CBSE and ICSE boards.
This year, both CBSE and ICSE boards have reduced nearly 30% of the syllabus due to the nonfunctioning of schools. You can go through the revised syllabus for Class 11 Economics below.
Revised CBSE Class 11 Economics Syllabus 2023
The syllabus for CBSE Class 11 Economics subject is divided into two parts: Part A - Statistics of Economics and Part B - Introductory Microeconomics.
Check out the topics included under each section and their marking scheme. While you study any topic, note down Class 11 Economics Important Questions to know which type of questions can be asked.
There are a total of 7units in the revised syllabus of economics. Ensure to prepare all the topics as per the latest Economics Class 11 syllabus.
| Part | Unit | Topics |
| A- Statistics for Economics | Statistics for Economics | What is Economics? |
| Meaning, scope, functions, and importance of statistics in Economics | ||
| Collection, Organisation, and Presentation of data | sources of data – primary and secondary, methods of collecting data, sources of secondary data | |
| Meaning and types of variables; Frequency Distribution | ||
| Tabular Presentation and Diagrammatic Presentation of Data: Geometric, Frequency diagrams, and Arithmetic line graphs | ||
| Statistical Tools and Interpretation | Measures of Central Tendency – Arithmetic mean, median, and mode. | |
| Measures of Dispersion – absolute dispersion, relative dispersion | ||
| Correlation – meaning, and properties, scatter diagram; Measures of correlation – Karl Pearson’s method | ||
| Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers | ||
| B - Introductory Microeconomics | Introduction | Meaning of microeconomics and macroeconomics; positive and normative economics |
| Consumer’s Equilibrium and Demand | meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis | |
| Producer Behaviour and Supply | Meaning of Production Function – Short-Run and Long-Run, Total Product, Average Product and Marginal Product, Returns to a Factor | |
| 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 |
Download Revised Class 11 Economics Syllabus PDF
CBSE 11th Economics Weightage
Let us have a look at the table below to know the Economics Class 11 Syllabus and weightage of each topic in detail.
| Units | Marks | |
| Part A | Statistics for Economics | |
| Introduction | 13 | |
| Collection, Organisation, and Presentation of Data | ||
| Statistical Tools and Interpretation | 27 | |
| Total | 40 | |
| 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 | |
| Total | 40 | |
| Part C | Project Work | 20 |
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Revised ICSE Class 11 Economics Syllabus 2023
The reduced syllabus of ICSE Class 11 Economics Syllabus includes units like understanding economics, Indian economic development, and statistics. Go through the detailed ISC Syllabus PDF. Check the table below to know the detailed economics class 11 syllabus of the ICSE board.
| Part | Unit | Topics |
| 1 | Understanding Economics | Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins, Samuelson. |
| Micro and Macro Economics - Meaning and Difference. Basic concepts; utility, price, value, wealth, welfare, money, market, capital, investment, income, production, consumption, saving, Business cycle, Aggregate demand and Aggregate supply | ||
| Basic problems of an economy: what to produce; how to produce; for whom to produce; efficient use of resources. | ||
| Types of economies: developed and developing; Economic systems: capitalism, socialism and mixed economy; mechanism used to solve the basic problems faced by each economy. | ||
| 2 | Indian Economic Development | Parameters of Development |
| Planning and economic development in India | ||
| Structural Changes in the Indian Economy after liberalization | ||
| Current challenges facing Indian Economy | ||
| Sustainable Development | ||
| 3 | Statistics | Statistics: definition, scope and limitations of statistics |
| Measures of Central Value | ||
| Correlation | ||
| Index numbers | ||
| Some Mathematical Tools used in Economics |
Download Revised ICSE Class 11 Economics Syllabus PDF
ICSE Class 11 Economics Weightage
| Sections | Marks |
| Paper 1 (Theory) - 80 | |
| Part 1 (compulsory questions) | 20 |
| Part 2 (To answer any 5 out of 8) | 60 |
| Paper 2 (Project) - 20 (Each project is 10 marks) | |
| Overall format | 1 |
| Content | 4 |
| Findings | 2 |
| Viva-voce based on project | 3 |
| Total | 100 |
Deleted Topics in CBSE & ICSE Class 11 Economics Syllabus 2023
Due to unexpected circumstances, CBSE and ICSE boards reduced nearly 30% of the syllabus. Note that this reduction is only for 2020-21 however the syllabus will be the same as 2019 from the upcoming year.
CBSE Class 11 Economics Syllabus 2023 Deleted Topics
The list of topics deleted from the CBSE Class 11 Economics Syllabus as decided by CBSE for the academic session 2023 is as follows.
| Part | Unit | Topics |
| A | Statistical Tools and Interpretation | Measures of Dispersion, Correlation, Index Numbers |
| B | Introduction | Concepts of production possibility frontier |
| Producer Behaviour and Supply | Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost | |
| Forms of Market and Price Determination under Perfect Competition with simple applications | Other Market Forms – monopoly, monopolistic competition – their meaning and features |
ICSE Class 11 Economics Syllabus 2023 Deleted Topics
The list of deleted topics in ICSE class 11 syllabus for economics are:
| Part | Unit | Topics |
| 2 | Indian Economic Development | Introduction |
| Economic Growth and Development | ||
| 3 | Statistics | Collection, organization and presentation of data |
| Measures of Dispersion |
Download CBSE & ICSE Class 11 Economics Deleted Topics PDF
Class 11 Economics Syllabus 2023
Note that the reduced economics syllabus is applicable only for this year. The 11th class Economics syllabus of both CBSE and ISC boards for next academic years will remain the same as the previous one. Hence, there won't be any deletion of topics from next year.
Download the Economics Class 11 Syllabus PDF for ISC and CBSE boards for the academic year 2023-24 from the table below.
| Board | Download PDF |
| CBSE Class 11 Economics Syllabus | Download PDF |
| ISC Class 11 Economics Syllabus | Download PDF |
Frequently Asked Questions
How can I better prepare for Class 11th Economics syllabus?
What is the Part A revised Class 11 Econimics Syllabus?
What is the list of deleted topics from CBSE class 11 economics syllabus?
What is the revised ICSE Class 11 Economics syllabus?
Which is the best Class 11th commerce books for the preparation of economics syllabus?
The following are some of the best books for the preparation of Class 11th Economics syllabus.
- Economic Statistics by NCERT Class 11th Economics Book
- Indian Economic Development by NCERT Class 11th Economics Book
- Introductory Microeconomics for Class 11 by Sandeep Garg
What is the economics class 11 syllabus?
