(Updated) Term Wise 11th Economics Syllabus 2021-22 CBSE Board

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Looking for updated term 1 and 2 class 11 Economics subject syllabus of CBSE Board for 2021-22 Session.

The CBSE Board announced the class 11 Economics syllabus in April 2021-22 itself. At that time board did not cut any topic in the syllabus.

But on July 5, 2021-22. The Board announced a new syllabus where examinations are now divided into two terms.

1st term would be held in November – December. Whereas the second term is expected to be held in March April.

The whole syllabus is divided 50-50 into both terms.

The best part is the syllabus of 1st term would not be repeated in the 2nd term.

Now let’s discuss your Term wise Economics subject syllabus of Class 11th CBSE Board for the 2021-22 session.

Revised Term Wise syllabus of Economics class 11 CBSE 2021-22?

For the 2021-22 session, there is a 30% reduction in the syllabus. This 30% has been deducted in certain chapters only.

Class 11th Revised Economics Syllabus 2021-22 CBSE Board

Let’s first have a glimpse over the complete syllabus of Economics class 11 for the 2021-22 session of the CBSE Board.

1st Term – 1 revised syllabus of Accountancy class 11 for 2021-22 CBSE Board

Theory: 40 Marks
Project: 10 Marks

Time: 90 Minutes

UnitsMCQs Based Question PaperMarks
Part – AStatistics for Economics

1. Introduction
2. Collection, Organisation, and Presentation of Data
3. Statistical Tools and Interpretation – Arithmetic Mean, Median, and Mode

4
9
10
Sub Total23
Part – BIntroductory Microeconomics

1. Introduction
2. Consumer’s Equilibrium and Demand

4
13
Sub Total 17
Total40
Part – C Project Work (Part 1): 10 Marks

Read Here:- Term-Wise Deleted Syllabus of Economics Class 11 Syllabus CBSE Board

Students would prepare only ONE project in the entire academic session, which is divided into
2 terms i.e. Term I and Term II.

Chapter wise Term – 1 Syllabus of Economics class 11 CBSE Board 2021-22

Term – 1

Part A: Statistics for Economics

Unit 1: Introduction

  • What is Economics?
  • Meaning, scope, functions 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 with concepts of Sampling; methods of collecting data; some important
sources of secondary data: Census of India and National Sample Survey Organisation.

Organization 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:- Arithmetic mean, median, and mode

Read Here:- Term-Wise Syllabus of Accountancy Class 11 CBSE Board

Read Here:- Term-Wise Deleted Syllabus of Accountancy Class 11 CBSE Board

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; opportunity cost.

Unit 5:- Consumer’s Equilibrium and Demand

  • Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
  • 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.
  • Demand, market demand, determinants of demand, demand schedule, demand curve, and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.

Part C: Project in Economics – Guidelines as given in class XII curriculum

Chapter wise Term – 2 Syllabus of Economics class 11 CBSE Board 2021-22

Term – 2

UnitsSubjective Question PaperMarks
Part – AStatistics for Economics

1. Statistical Tools and Interpretation – Measures of Dispersion, Correlation, Index Number

17
Sub Total17
Part – BIntroductory Microeconomics

1. Producer Behaviour and Supply
2. Forms of Market and Price Determination under perfect competition with simple applications

13
10
Sub Total 23
Total40
Part – CProject Work (Part – 2): 10 Marks

Read Here:- Term-Wise Syllabus of Business Studies class 11 CBSE Board

Read Here:- Term-Wise Deleted Syllabus of Business Studies class 11 CBSE Board

Part A: Statistics for Economics

Unit 3: Statistical Tools and Interpretation

  • Measures of Dispersion – absolute dispersion standard deviation); relative dispersion coefficient of variation)
  • Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data)
  • Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index uses of index numbers; Inflation and index numbers.

Part B: Introductory Microeconomics

Unit 6: Producer Behaviour and Supply

  • Meaning of Production Function – Short-Run and Long-Run Total Product, Average Product and Marginal Product. Returns to a Factor
  • 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.
  • Revenue – total, average and marginal revenue – meaning and their relationship.
  • Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in the supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.

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 – Guidelines as given in class XII curriculum

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Anurag Pathak
Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.
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