NCERT Syllabus for Class 11 Economics 2022-2203, Download PDF for the Revised Syllabus

Are you in Class 11 and looking for the NCERT Syllabus for Class 11 Economics 2022-2023? If yes, this blog is for you. Here, you will get all the important information regarding Class 11 Economics, including exam structure, unit-wise syllabus, practical details, expectations from project work, the role of teachers in the project work, scopes, expected checklist for the project work, suggestions for project work marking scheme and paper format. Moreover, we have also provided the link to download the PDF for the syllabus. The NCERT curriculum is designed under the guidelines of the National Curriculum Framework (NCF) and is strictly followed by most CBSE-affiliated schools and other state boards. Consequently, it is important to get well-familiarized with the curriculum.

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It will serve you multiple benefits like you can work on the sections you weak, plan your studies, make your own study schedule, and prepare yourself for the exam according to the CBSE guidelines. We recommend candidates go through and understand the NCERT Syllabus for Class 11 Economics 2022-2023.  

NCERT Syllabus for Class 11 Economics 2022-2023

NCERT Syllabus for Class 11 Economics 2022-2023: Exam Structure

NCERT Syllabus for Class 11 Economics 2022-2023 Part A: Statistics for Economics

Unit 1: Introduction (10 Periods) 

• What is Economics?
• Meaning, scope, functions and importance of statistics in Economics

Unit 2: Collection, Organisation and Presentation of data (30 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 National Sample Survey Organisation.
• Organisation 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 (50 Periods) 

For all the numerical problems and solutions, the appropriate economic interpretation may be attempted. This means, the students need to solve the problems and provide interpretation for the results derived.

• Measures of Central Tendency - Arithmetic mean, median and mode
• Correlation - meaning and properties, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
• 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. 

NCERT Syllabus for Class 11 Economics 2022-2023: Part B Introductory Microeconomics

Unit 4: Introduction (10 Periods) 

• 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 (40 Periods) 

• 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 and total expenditure method.

Unit 6: Producer Behaviour and Supply (35 Periods) 

• 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.
• Producer's equilibrium-meaning and its conditions in terms of marginal revenuemarginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in 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 (25 Periods) 

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. 

NCERT Syllabus for Class 11 Economics 2022-2023: PDF Download

NCERT Syllabus for Class 11 Economics PDF  
 

NCERT Syllabus for Class 11 Economics 2022-2023: Project work Guidelines

Following are the objectives of the Project work under NCERT Syllabus for Class 11 Economics-

• Improve theoretical knowledge among the students
• Help students understand the real world scenario with the help of project reports
• Enhance economics theory among students
• Follow the leaning procedures
• Improve and develop communication skills among candidates

Expectations from the Project work

• One project report should completed in an year
• The word count of the project report should be around 4000 words. It should be hand-written, excluding graphs and diagrams
• The project report should be an original piece of work

Role of Teachers in the preparation of Project report

The role of teachers in the preparation of project report is expected as follows-

• Assist students in selecting the topics
• Help collect information from news bulletins, NITI Aayog, RBI, government reports, and other reliable piece of publications
• Supervise Students in the preparation of the project work
• Discuss the progress of the project work in the classroom
• Help arrange the project report in an interesting manner

Scopes of the project report 

• Picking up topics
• Collecting the required data
• Organizing the data
• Putting the information in the Project work
• Considering the data conclusion
• Making a relevant conclusion
• Presenting the final project report

Expected Checklist for the project report

• Introduction of the topic or title
• Recognizing the causes, problems, consequences, and solutions to the issues
• Multiple Stakeholders and the impact on every one of them
• Merits and demerits of the identified issues
• Short term and long term suggestions of economic approaches recommended in the research part
• Trustworthiness, validity, correctness, and reliability of the data used in the project work
• Preparing and presenting the  project in concise way
• Mentions of the resources and references used in the project file

Suggestions of the Project work 

• Effect on equilibrium prices in local market
• Effect on PPC due to multiple government policies
• Effect on Price change on a substitute good
• Solar energy
• Invisible hand (Adam Smith)
• Opportunity cost as a tool of economics
• Bumper production
• Any article from newspaper article on the basis of economic principles
• Any other topic

NCERT Syllabus for Class 11 Economics 2022-2023: Question Paper Format

NCERT Syllabus for Class 11 Economics 2022-2023: Marking Scheme

Marks are alloted as follows –