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SYLLABUS – 2024- 2025
CLASS – XI
SUBJECT – ECONOMICS
Total Marks – 80 Internal Assessment – 20
COURSE STRUCTURE
Units Syllabus Periods
Statistics for Economics
Introduction 05
Part-A
Collection, Organization and Presentation of Data 25
Statistical Tools and Interpretation 60
Sub- Total 90
Introductory Microeconomics
Introduction 10
Part-B Theory of Consumer’s Behaviour 40
Production and Cost 35
The Theory of the Firm under Perfect Competition 25
Sub- Total 110
PART A: STATISTICS FOR ECONOMICS
Unit 1: Introduction (05 Periods)
Why Economics?
Meaning, scope, functions and importance of statistics in Economics.
Unit 2: Collection, Organization and Presentation of data (25 Periods)
Collection of data: Sources of data primary and secondary: how basic data is collected with concepts
of Sampling: methods of collecting data: some important sources of secondary data. Census of India
and NSS Organization
Organization of Data: Meaning and types of variables; Frequency Distribution
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Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data- Geometric
forms (bar diagrams and pie diagrams); Frequency diagrams (histogram, polygon and Ogive);
Arithmetic line graphs (time series graph)
Unit 3: Statistical Tools and Interpretation (60 Periods)
Measures of Central Tendency- Arithmetic 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 range, co-efficient of quartile- deviation, co-
efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning, construction and its
application
Correlation: Meaning and properties, Scatter diagram, measures of correlation- Karl Pearson's
method (two variables ungrouped data), Spearman's rank correlation (Non-Repeated Ranks and
Repeated Ranks)
Introduction to Index Numbers:- Meaning, types- Wholesale price index, Consumer price index,
uses of index numbers; inflation and index numbers. Simple Aggregative Method
PART B: INTRODUCTORY MICROECONOMICS
Unit 4: Introduction (10 Periods)
Basic Concepts: Meaning of microeconomics and macroeconomics; positive and normative
economics; what is an economy? Central problems of an economy: what, how and for whom to
produce; concept of production possibility frontier and opportunity cost.
Unit 5: Theory of Consumer Behavior (40 Periods)
Consumer's Behavior: Concepts of Utility. Marginal Utility: Cardinal Utility Approach; Ordinal
Utility Approach; Law of Diminishing Marginal Utility, Consumer's equilibrium using marginal utility
analysis.
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Indifference Curve Analysis: Definition, Features of Indifference Curve; Indifference map;
Consumer's Budget (budget set and budget line); Changes in Budget Set; Conditions of consumer's
equilibrium or Optimal Choice of the Consumer.
Demand: Definition, Law of Demand: Determination of demand curve using indifference curve and
budget line; various types of goods- Normal, Inferior, Substitute, Complementary; Movement along
and shifts in the demand curve; Market demand; Elasticity of Demand; Elasticity of demand on a
linear demand curve; Determinants of elasticity of demand, Elasticity of demand and Cost of a
commodity.
Unit 6: Production ad Costs (35 Periods)
Production Function: Concept, Short and Long-Run; Total Product, Average Product and Marginal
Product; Law of Variable Proportion; Returns to Scale.
Cost Function: Cobb-Douglas Production Function; Short run costs- meaning and concepts of Total
Fixed Cost, Total Variable Cost, Marginal Cost, Average Cost, Average Fixed Cost, Average Variable
Cost and their relationships; Shape of short-run total cost curve; Long-run cost-concept and shape of
long run average cost curve.
Unit 7: Theory of the Firm under Perfect Competition (25 Periods)
Perfect competition: Definition, Characteristics; Revenue- Total, Average and Marginal Revenues;
Conditions and equilibrium of Profit Maximization; Supply curve of a firm; Shut Down and Break
Even Point, Determinants of Firm's supply Curve; Market Supply Curve; Price Elasticity of Supply.
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HALF-YEARLY EXAMINATION: 2024-2025
BLUE PRINT OF DISTRIBUTION OF MARKS
Very
Short Short Long Long
Short
Answer- Answer- Answer Answer
Answer-I
Objective/ II (2 II (3 (4 (5 Total
Sl (1 Mark)
Chapters MCQ (1 Marks) Marks) Marks) Marks) Marks
No (one
Mark) (20 (60 (80 (120
word/
words) words) words) words)
one
sentence)
A. STATISTICS FOR ECONOMICS
1 Introduction 1x1 1x1 - - 4x1 - 06
Collection of
2 1x2 1x1 - 3x1 4x1 - 10
Data
Organization
3 1x1 1x1 2x1 3x1 4x1 - 11
of Data
Presentation
4 1x1 1x1 2x1 - 4x1* 5x1* 13
of Data
Sub-Total Marks
05 04 04 06 16 05 40
(A)
B. INTRODUCTORY MICROECONOMICS
1 Introduction 1x1 1x1 2x1 3x1 4x1* - 11
Theory of
2 Consumer's 1x3 1x4 2x1 3x1 4x3 5x1 29
Behavior
Sub-Total Marks
04 05 04 06 16 05 40
(B)
Grand Total Marks
09 09 08 12 32 10 80
(A+B)
* Indicates that there is an option of extra one (01) question.
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ANNUAL EXAMINATION: 2024-2025
BLUE PRINT OF DISTRIBUTION OF MARKS
Very
Short Short Long Long
Short
Answer- Answer- Answer Answer
Answer-I
Objective/ II (2 II (3 (4 (5 Total
Sl (1 Mark)
Chapters MCQ (1 Marks) Marks) Marks) Marks) Marks
No (one
Mark) (20 (60 (80 (120
word/
words) words) words) words)
one
sentence)
A. STATISTICS FOR ECONOMICS
Measures of
1 Central 1x2 1x1 - - 4x1 5x1 12
Tendency
Measures of
2 1x1 1x1 2x1 3x1 4x1* - 11
Dispersion
3 Correlation 1x1 1x1 2x1 - 4x1 - 08
Introduction
4 to Index 1x1 1x1 - 3x1 4x1 - 09
Numbers
Sub-Total Marks
05 04 04 06 16 05 40
(A)
B. INTRODUCTORY MICROECONOMICS
Production
1 1x2 1x3 2x1 3x1 4x2* - 18
and Cost
Theory of the
firm under
2 1x2 1x2 2x1 3x1 4x2 5x1* 22
Perfect
Competition
Sub-Total Marks
04 05 04 06 16 05 40
(B)
Grand Total Marks
09 09 08 12 32 10 80
(A+B)
* Indicates that there is an option of extra one (01) question.
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WEIGHTAGE TO TYPE OF QUESTIONS
Type of Questions Marks (80) Percentage
1. Multiple Choice Questions (MCQ) (1x9)
9 11.25
(Inclusive of Assertion, Reason, Differentiation & Stem)
2. Very Short Answer Type Questions (VSA) (1x9)
9 11.25
(Inclusive of Assertion, Reason, Differentiation & Stem)
3. Short Answer Type Questions- I (SA-I) (2x4)
(Knowledge, Understanding, Application, Analysis, Evaluation, 8 10
Synthesis & Create)
4. Short Answer Type Questions- II (SA-II) (3x4)
(Knowledge, Understanding, Application, Analysis, Evaluation, 12 15
Synthesis & Create)
5. Long Answer Type Questions – I (LA-I) (4×8)
(Knowledge, Understanding, Application, Analysis, Evaluation, 32 40
Synthesis & Create)
6. Long Answer Type Questions – II (LA-II) (5x2)
(Knowledge, Understanding, Application, Analysis, Evaluation, 10 12.5
Synthesis & Create)
80 100
NOTE:-
i) Typology of questions:- MCQ, VSA, Assertion- Reasoning type questions; SA-I, SA-II, LA-I,
LA-II, LA- III.
In LA- type questions source-based/ case- study based/ passage based questions may be
included.
ii) Approximately 33 % internal choice would be given.
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