CBSE Class 11 Economics Syllabus 2023 For Term 1 & Term 2: Economics is an important subject for CBSE Commerce Stream. It is an essential subject for those students who want to pursue Graduation, Master’s Degree, or Research in Economics.CBSE NCERT Class 11 Economics lets you know about the present economy and the effects it’s creating. It also covers better plans and policies that can stable different kind of economy that is creating a problem and solution to grow the economy.
To boost your Economics Board Exam Preparation, here we are providing a complete guide on New CBSE Class 11 Economics Syllabus 2023 For Term 1 & Term 2. You can easily check the economics syllabus for class 11 CBSE 2023 and download a PDF from the article below.
CBSE Class 11 Economics Syllabus 2023 For Term 1 & Term 2
In CBSE 11 Economics, you will also learn about the economy of any nation or company decides the rise and fall of that nation or organization which eventually affect the citizen of the country or the people of that particular organization.
You should have a depth concept in Class 11 Economics to score better marks in the CBSE 11th Board exam.
You should have a depth concept of Class 11 and Class 11 Economics to score better marks in the various entrance exam. With a better concept of the latest syllabus, you can secure good marks.
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Chapter-Wise New CBSE Class 11 Economics Syllabus 2023 For Term 1 & Term 2
Chapter-wise Syllabus for class 11 Economics is given below. It is classified into two categories.
- Microeconomics,
- Macroeconomics.
The syllabus is divided into three parts: (A) Statistics for Economics, (ii) Indian Economic Development, and (C) Project Work.
CBSE Class 11 Economics Exam Structure
| Units | Title | Marks |
| Part A | Statistics for Economics – Class 11 – CBSE (2023) | |
| 1. | Introduction | 13 |
| 2. | Collection, Organisation, and Presentation of Data | |
| 3. | Statistical Tools and Interpretation | 27 |
| Part B | Indian Economic Development | |
| 4. | Development Experience (1947-90) and | 13 |
| Economic Reforms Since 1991 | 12 | |
| 5. | Current Challenges Facing Indian Economy | 15 |
| 6. | Development Experience of India – A Comparison with Neighbours (OTBA) | 10 |
| Part C | Project Work | 10 |
| Total | 100 |
Part A: Statistics for Economics
In this course, you are expected to acquire skills in the collection, organization, and presentation of quantitative and qualitative information pertaining to various simple economic aspects systematically. It also intends to provide some basic statistical tools to analyze, and interpret any economic information and draw appropriate inferences. In this process, you are expected to understand the behavior of various economic data.
Unit 1: Introduction
- What is Economics?
- Meaning, scope, 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; 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 – mean (simple and weighted), median, and mode
- Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation, and standard deviation); relative dispersion (co-efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning and its application.
- Correlation – meaning, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data) Spearman’s rank correlation.
- Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index and index of industrial production, uses of index numbers; Inflation and index numbers.
Part B: Indian Economic Development
Unit 4: Development Experience (1947-90) and Economic Reforms since 1991
- A brief introduction of the state of the Indian economy on the eve of independence. Common Goals of Five-Year Plans.
- Main features, problems, and policies of agriculture (institutional aspects and new agricultural strategy, etc.), industry (industrial licensing, etc.), and foreign trade.
- Economic Reforms since 1991:
- Need and main features – liberalization, globalisation and privatization; An appraisal of LPG policies
Unit 5: Current challenges facing the Indian Economy
- Poverty – absolute and relative; Main programs for poverty alleviation: A critical assessment;
- Rural development: Key issues – credit and marketing – the role of cooperatives; agricultural diversification; alternative farming – organic farming
- Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India
- Employment: Formal and informal, growth and other issues: Problems and policies.
- Inflation: Problems and Policies
- Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment;
- Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming.
Unit 6: Development Experience in India
- A comparison with neighbors
- India and Pakistan
- India and China
- Issues: growth, population, sectoral development, and other developmental indicators.
Download the latest 11th Economics Syllabus from below.
- Download CBSE 11th Economics Syllabus After 30% Reduction PDF
- Download Deleted 11th Economics Syllabus PDF
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CBSE NCERT Textbook For Class 11 Economics 2023 For Term 1 & Term 2 PDF
Here you can download Chapter-wise NCERT Textbook for CBSE Class 11 Economics for Hindi and English Medium.
Here we are providing the chapter-wise NCERT Class 11 Economics Textbooks PDF. You can read it online or download it easily.
We have covered the detailed guide on CBSE Class 11 Economics Syllabus 2023 For Term 1 & Term 2. Feel free to ask any questions related to CBSE Class 11 Economics in the comment section below.
FAQ: CBSE Class 11 Economics Syllabus 2023
What are the two head topics taught in the syllabus of Economics class 11 CBSE 2023-24?
Statistics for Economics and Indian Economic Development are the two topics taught in Class 11 Economics.
Class 11 Economics is of how many marks?
Class 11 Economics is of 100 marks.
How many chapters in economics class 11?
There are a total of 10 chapters in the Class 11 Indian Economic Development/ Economics NCERT textbook.
Is Economics easy in class 11?
Economics, on the other hand, gets tougher as the syllabus covers a much wider scope featuring both micro and macroeconomics.
Is there a lot of math in Economics Class 11?
No, only basic maths is enough for Class 11 Economics.