TBSE Class 11 Syllabus 2024 Economics

Syllabus- 2023-24
CLASS – XI
Subject: Economics
Theory : 80 Marks
Internal Assessment : 20 Marks
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
Theory of Consumer’s Behaviour 40
Part-B
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, Organisation 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
Organisation of Data: Meaning and types of variables; Frequency Distribution
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 Behaviour (40 Periods)
Consumer’s Behaviour: Concepts of Utility, Marginal Utility; Cardinal Utility Approach;
Ordinal Utility Approach; Law of Diminishing Marginal Utility, Consumer’s equilibrium using
marginal utility analysis
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.
Half-Yearly Examination, 2023-24
Short Short Long Long
SL Answer-II Answer-II Answer Answer Total
Chapters MCQ (1 Marks)
No (2 Marks) (3 Marks) (4Marks) (5 Marks) Marks
(20 words) (60 words) (80words) (120 words)
1. Introduction 1 1 - - 1 - 06
2. Collection of
2 1 - 1 1 - 10
Data
3. Organization of
1 1 1 1 1 - 11
Data
4. Presentation of
1 1 1 - 1* 1* 13
Data
Sub- Total Marks (A) 05 04 04 06 16 5 40
1. Introduction 1 1 1 1 1* - 11
2. Theory of
Consumer’s 3 4 1 1 3 1 29
Behaviour
Sub- Total Marks (B) 04 05 04 06 16 5 40
09 09 08 12 32 10 80

Annual Examination, 2023-24

Short Short Long Long
SL Answer-II Answer-II Answer Answer Total
Chapters MCQ (1 Marks)
No (2 Marks) (3 Marks) (4Marks) (5Marks) Marks
(20 words) (60 words) (80 words) (120 words)
1. Measures of
2 1 - - 1 1 12
Central Tendency
2. Measures of
1 1 1 1 1* - 11
Dispersion
3. Correlation 1 1 1 - 1 - 08
4. Introduction to
1 1 - 1 1 - 09
Index Numbers
Sub- Total Marks (A) 05 04 04 06 16 05 40
1. Production and
2 3 1 1 2* - 18
Cost
2. Theory of the firm
under Perfect 2 2 1 1 2 1* 22
Competition
Sub- Total Marks (B) 04 05 04 06 16 05 40
09 09 08 12 32 10 80