Knowing the syllabus will help candidates to know all the important topics from the exam point of view and prepare well for the exam. Solving Class 11 Economics Sample Papers will help candidates to know the type of questions asked from economics. Candidates appearing for the class 11 exams can go through the post to get complete details about the Class 11 Economics Syllabus.

Class 11 Economics Syllabus 2020-21

Due to the current crisis across the country, the syllabus has been reduced for class 11 for the academic year 2020-21 by CBSE and ICSE boards. Hence, it is important for candidates to check the Revised Class 11 Economics Syllabus PDF and deleted topics to score good marks in the exam.

  • Before starting with preparation, it is important for candidates to be aware of the complete syllabus as this will help increase their preparation levels.
  • Economics class 11 chapter 1 syllabus covers topics like what is economics, scope, functions, and importance of statistics in economics.
  • After knowing the syllabus, candidates are advised to go through the Class 11 Economics Important Questions and enhance their preparation for the upcoming exam.

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

cbse 11th commerce syllabus

cbse 11th commerce syllabus

CBSE Class 11 Economics Syllabus 2020-21 (Revised)

Many students will have doubts about why commerce after the 10th. Here is the complete answer. Commerce, one of the trending subjects across the globe will provide many career opportunities for students who will opt for this stream. As per the latest notice, the Central Board of Secondary Education had revised the syllabus of Class 11 Economics for the year 2020-21. Hence, being aware of the commerce subjects and all the topics will help students to clear the exam easily. 

There are a total of 7units in the revised syllabus of economics. Therefore, it is important for candidates 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

List of Deleted Topics from CBSE Class 11 Economics Syllabus 2020

The list of topics deleted from the Class 11 Economics Syllabus as decided by CBSE for the academic session 2020-21 is as follows. The deleted topics include the chapters on federalism, citizenship, nationalism, secularism, and the growth of local governments in India. It is noted that few topics are deleted from the Economics syllabus of both Part A and Part B. Here is the list of deleted topics from the 11th Class Economics Syllabus.

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 2020-21 (Revised)

The reduced syllabus of ICSE Class 11 Economics Syllabus includes units like understanding economics, Indian economic development, and statistics. Before starting the preparation, it is advised to 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

List of Deleted Topics in ICSE Class 11 Economics Syllabus 2020

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

Important Questions For Class 11 Economics Syllabus 2020

Some of the important questions asked in Unit 1 of Class 11 Economics are:

  1. What type of economy is followed in India?
  2. Define the economy.
  3. What are the focus points of the first and second five-year plan?
  4. What is a socialist economy?
  5. What is the other name of the World Bank?
  6. What is Privatisation?
  7. What are indirect taxes?
  8. What is the benefit that the domestic industries get by reducing the tariff?
  9. What are the Navratnas Companies of India?
  10. What is outsourcing? How is India benefited?

For Unit 2 covering topics including sources of data, Meaning and types of variables, etc. following questions are important:

Here is the list of important questions that candidates need to prepare under unit 2 of Economics class 11 syllabus.

  1. What is the primary and secondary data?
  2. What are the sources of secondary data?
  3. How is a questionnaire formed and what are its qualities?
  4. What are the individual and discrete series?
  5. What is the class limit?
  6. What do you mean by frequency distribution or frequency series?
  7. What are simple, complex and derived tables?
  8. How many types of complex tables are there? Define them.
  9. What are the different forms of presentation of data?
  10. What are the two principal parts of a table?

cbse syllabus for 11th commerce

cbse syllabus for 11th commerce

For unit 3, i.e Statistics, these are the important questions.

Candiadtes are advised to prepare some of the important questions mentioned below from unit 3 of the economics class 11 syllabus.

  1. Define Mean, Median and Mode.
  2. What is positional average?
  3. Define the central tendency.
  4. What are the different kinds of statistical average?
  5. What are the methods of calculating simple arithmetic mean?
  6. What is the coefficient of dispersion?
  7. What is the coefficient of quartile deviation formula?
  8. What is a Lorenz curve?
  9. Define partial correlation.
  10. What is the difference between negative and positive correlation?
  11. Coefficient of correlation is between -1 and +1. How would you express it arithmetically?
  12. What are the multiple correlations?

Part B, i.e. Macroeconomics covers questions like:

The following are some of the important questions that candidates need to prepare under part B Macroeconomics.

  1. How is total utility derived from the marginal utility?
  2. Which curve shows the various combinations of two products that give the same amount of satisfaction to the consumer?
  3. State the law of equi-marginal utility.
  4. What will be the MU when TU is maximum?
  5. Which direction does the indifference curve slope?
  6. What does the law of diminishing utility say?
  7. State the proportionate /percentage methods of evaluating price elasticity of demand?
  8. Explain four determinants of demand for a commodity.
  9. Describe the assumption which is made to determine the consumer’s equilibrium position.
  10. Product differentiation is in which market form?
  11. What is a patent right?
  12. What is cooperative oligopoly?
  13. What is unusual or abnormal profit?
  14. What will be the marginal product when the total product is maximum?
  15. Increase in Total Physical Product indicates that there are increasing returns to a factor.
  16. Why does the Average Fixed Cost curve never touch the “x” axis though lies very close to the x-axis?
  17. Define cost concept. What are the different types of cost?
  18. Explain the effect of a ‘price ceiling’.
  19. A Market for a good is in equilibrium. Demand for good ‘increases’. Explain the chain effects of this change.
  20. Name two features of the monopoly market.

Which are the Best Economics Books for Class 11?

For the preparation of the exams, students must consider the textbooks recommended by NCERT and ISC. However, additionally, these books can help students ace their economics exams in class 11. Choosing the right books that cover the 11th class economics syllabus will help candidates to boost their preparation level for the upcoming exam. Go through the table below to know the best 11th Commerce Books.

Name of the book Author
Introductory Microeconomics for Class 11 Sandeep Garg
Statistics for economics - class 11 TR Jain
Frank ISC Economics Class 11 Frank Brothers
CBSE All in One Economics Class 11th Akanksha Sharma, Shalu Nayyar
Indian Economic Development Textbook for Class 11 NCERT
Statistics for Economics APC
Statistics for Economics Saraswathi

Class 11 Economics Syllabus 2021-22

Students must be aware 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, students must ensure to study all the topics. 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.