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. 

Download Free Study Material And Class 11 Commerce Notes Pdf

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 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