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 and also deleted the topics below. 

Revised CBSE Class 11 Economics Syllabus 2021

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

Revised ICSE Class 11 Economics Syllabus 2021

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 2021

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 2021 Deleted Topics

The list of topics deleted from the CBSE Class 11 Economics Syllabus as decided by CBSE for the academic session 2021 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 2021 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

cbse 11th commerce syllabus

cbse 11th commerce syllabus

Class 11 Economics Syllabus 2021-22

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 2021-22 from the table below.

Board Download PDF
CBSE Class 11 Economics Syllabus Download PDF
ISC Class 11 Economics Syllabus Download PDF

FAQ's

How can I better prepare for Class 11th Economics syllabus?

Begin your preparation by studying from the right class 11 commerce subject books which covers all the concepts and topics according to the latest exam pattern and syllabus 2020. One of the best methods to score more marks in the exam is to practice as many previous year question papers as possible and taking up mock tests.

What is the Part A revised Class 11 Econimics Syllabus?

The Part A revised Class 11 Econimics Syllabus include topics like Statistics for Economics, Collection, Organisation and Presentation of data, Statistical Tools and Interpretation.

What is the list of deleted topics from CBSE class 11 economics syllabus?

The following topics are deleted from CBSE class 11 economics syllabus: Concepts of production possibility frontier, Measures of Dispersion, Correlation, Index Numbers, Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost, Other Market Forms – monopoly, monopolistic competition – their meaning and features.

What is the revised ICSE Class 11 Economics syllabus?

The revised ICSE Class 11 Economics syllabus includes Understanding Economics, Indian Economic Development, and Statistics.

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?

The Economics Class 11 Syllabus is broadly divided into three sections: part A -Statistics for Economics, Part B - Introductory Micro Economics, Part C - Project work.