Edudel Syllabus Class 11 Economics

SESSION (2023-24)
ANNUAL SYLLABUS
XI- ECONOMICS (030)

Unit 1: Introduction
What is Economics? Meaning, scope, functions and importance of statistics in
Economics
Unit 2:
Collection, Organisation and Presentation of data :
1. Collection of Data: Sources of data-primary and secondary; how basic data is
collected with concept of sampling ;methods of collecting data ;some important
sources of secondary data ; census of India and National Sample Survey
Organization.
2. Organization of Data: Meaning and types of
variables;Frequency Distribution.
3. Presentation of Data: (i) Geometric forms(bar diagrams and pie
diagrams) Frequency diagrams(histogram, polygon and ogive )and
(iii)Arithmetic linegraphs(time series graph)
Unit 3:
Statistical Tools and Interpretation:
Measures of Central Tendency
- Arithmetic mean, median and mode

Part B: Introductory Microeconomics:

Unit 4:
Introduction
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; concepts of production possibility frontier and opportunity
cost.
Unit 5:
Consumer's Equilibrium and Demand :
1. Consumer's Equilibrium: Meaning of utility, marginal utility, law of
diminishingmarginal utility, conditions of consumer's equilibrium using marginal
utility analysis.
2. Indifference curve analysis of consumer's equilibrium: The consumer's
budget (budget set and budget line), preferences of the consumer (indifference
curve,indifference map) and conditions of consumer's equilibrium.
3. Demand: Demand, market demand, determinants of demand, demand schedule,
demand curve and its slope, movement along and shifts in the demand curve.
4. Price elasticity of demand: Factors affecting price elasticity of demand;
measurement of price elasticity of demand – percentage-change method and
total expenditure method.

1. Meaning of Production Function: Short-Run and Long-Run Total Product,
Average Product and Marginal Product, Returns to a Factor
2. Cost: Short run costs - total cost, total fixed cost, total variable cost; Average
cost;Average fixed cost, average variable cost and marginal cost-meaning and
their relationships.
Mid Term Syllabus Must Be completed by 15th September 2023
Preparation For Mid Term Examination
Mid Term Examination 2023-24
Discussion Of Mid Term Question Paper

Unit -3 :Statistical Tools and Interpretation :
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 and Index of Industrial Production, uses of index numbers;
Inflation and Index Numbers, Simple Aggregative Method.
Part B: Introductory Microeconomics
1. Revenue - total, average and marginal revenue - meaning and their relationship.
2. Producer's equilibrium- meaning and its conditions in terms of marginal
revenue marginal cost.
3. Supply - Supply, market supply, determinants of supply, supply schedule,
supply curve and its slope, movements along and shifts in supply curve,
4. Price elasticity of supply -measurement of price elasticity of supply -
percentage-changemethod.

Unit 7:
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.

Part C: Project in Economics
Suggestive List of Projects: Class XI
1. Effect on PPC due to various government policies Invisible Hand (Adam Smith)

2. Opportunity Cost as an Economic Tool(taking real life situations) Effect of
Price Change on a Substitute Good(taking prices from real life visiting local
market)
3. Effect on equilibrium Prices in Local Market (taking real life situation or recent
news) Effect of Price Change on a Complementary Good (taking prices from real
life visiting local market)

4. Solar Energy, a Cost Effective Comparison with Conventional Energy Sources
Bumper Production- Boon or Bane for the Farmer
5. Any other newspaper article and its evaluation on basis of economic principles

Prescribed Books:
1. Statistics for Economics, NCERT 2. Introductory Microeconomics, NCERT

Syllabus must be completed by 31st January 2024

ANNUAL EXAMINATION WILL BE BASED ON WHOLE SYLLABUS
ANNUAL EXAMINATION 2023-24.

For any other information kindly refer to CBSE guideline https://cbseacademic.nic.in