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Class 11 Economics Syllabus 2024-25 for CBSE & ICSE [PDF Download Links]
August 27, 2024
Overview: Economics is one of the major subjects for Commerce students & optional for Science and Arts students. With a division of 80 marks for theory and 20 marks for project work, knowing the Class 11 Economics Syllabus sets the suitable base for your class 12th board exams. Get insights into the syllabus for Economics class 11 for both CBSE and ICSE boards.
Preparing the Economics syllabus for class 11 well ensures a solid foundation for class 12th and entrance exams after 12th. For Economics paper:
- In both CBSE & ICSE, 20 marks are allotted for Project Work.
- CBSE and ICSE boards have reduced nearly 30% of the Class 11 Economics syllabus.
Note: The video may be useful if you plan to take the CUET exam after the 12th. It will help you in the enhanced preparation required to ace the exam.
CBSE Class 11 Economics Syllabus 2024-25
The CBSE Class 11 Economics syllabus is divided into 2 parts for 80 marks:
- Part A-Statistics of Economics
- Part B-Introductory Microeconomics
- The revised Economics syllabus has 7 units.
- Part C is the project work for 20 marks.
To learn the preparation strategy for Economics Class 11, you must ensure you prepare all the topics according to 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 |
Class 11th CBSE Economics Syllabus: Sectional Weightage
Look at the table below to learn the unit-wise weightage of the CBSE 11th class Economics syllabus.
- While studying any topic, note down the Class 11 Economics important questions to know which questions can be asked.
- As statistical tools and interpretation carry the highest weightage, focus more on solving questions from this unit.
| 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 |
Click on the button below to download the official Economics PDF (Theory & Project work Syllabus):
CBSE Class 11 Economics Syllabus PDF
ICSE Class 11 Economics Syllabus 2024-25
The reduced Economics syllabus class 11 for the ICSE board includes units like:
- Understanding Economics
- Indian economic development
- Statistics
Use the expert -suggested Economics books to study and prepare for your exam. Check the table below to learn the detailed syllabus:
| 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 create, for whom to produce, efficient use of resources. | ||
| Types of economies: developed and developing; Economic systems: capitalism, socialism and mixed economy; mechanisms used to solve the fundamental problems each economy faces. | ||
| 2 | Indian Economic Development | Parameters of Development |
| Planning and economic development in India | ||
| Structural Changes in the Indian Economy After Liberalization | ||
| Current Challenges Faced by the 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 |
ICSE Class 11 Economics Syllabus Sectional Weightage
- You will be expected to have completed two projects on any theory-covered topic.
- Mark allocation for each Project is 10 marks.
Look at the table below to learn the unit-wise weightage of the ICSE 11th class Economics syllabus:
| Sections | Marks |
| Paper 1 (Theory) - 80 | |
| Part 1 (compulsory questions) | 20 |
| Part 2 (To answer any 5 out of 8) | 60 |
| Paper 2 (Project) - 20 | |
| Overall format | 1 |
| Content | 4 |
| Findings | 2 |
| Viva-voce based on the project | 3 |
| Total | 100 |
Preparing for Boards & CUET together? Check prep tips HERE!
CBSE Economics Class 11 Syllabus: Project Work Guidelines
The expectations of the Class 11 Economics project work are the following:
- You will have to complete only ONE project in each academic session.
- The project should be approximately 3,500-4,000 words (excluding diagrams & graphs).
- It should preferably be hand-written.
- It has to be an independent, self-directed piece of study.
Key Takeaways
To prepare for class 11 Economics syllabus thoroughly:
- Practice solving numerical problems by practically applying formulas and concepts and enhancing your understanding.
- Discuss with your classmates and teacher if you face any difficulties or challenges.
- Use top-recommended textbooks, online resources, and practice papers to prepare for your exam.
- Focus on high-weightage units and then move forward to the easier ones.
Frequently Asked Questions
How can I better prepare for Class 11 Economics syllabus?
How to learn Economics class 11 easily?
What is the list of deleted topics from CBSE 11th class Economics syllabus?
What is the revised ICSE Class 11 Economics syllabus?
Which is the best book for preparing CBSE class 11th Economics syllabus?