Latest updated Syllabus for Class 11 Economics 2020-21
The Class 11 Economics Syllabus offers you a wide range of concepts. The Syllabus is for all the students reading in class 11. The central board of secondary education prepares the Syllabus. The Syllabus for class 11 economics comes in three parts. That is part A, B, and Part C. Part A includes statistics for Economics, whereas Part B includes introductory microeconomics.
So, the students reading in class 11 should know their complete Syllabus before choosing any online courses for commerce students. If you are a class 11 student, this guide will offer you detailed information on the class 11 economics syllabus for 2020-21.
Revised Syllabus for class 11 economics
Part A statistics for economics
The class 11 economics syllabus comes in three different parts. The first part of the Syllabus will offer statistics for economics. In this part, the students will gain skills to collect, organize, and present qualitative and quantitative data relating to simple economics. This part will also offer some basic statistical knowledge to evaluate any financial information.
Further, it also helps you draw and interpret all financial information. Again the part A of the class 11 syllabus segments into three units. The first unit will offer you introductory knowledge like what is economics? What are the scope, functions, and important statistics in economics?
In the second unit, you will learn about collecting, organizing, and presenting the data. The collection of data involves the format of how you can collect basic data. It also offers you methods of collecting data.
On the other hand, the organization of data involves tricks to organize data. And finally, in the presentation of data, you will learn various ways to present data. It includes a tabular presentation, diagrammatic presentation, and many more.
The third unit in class 11 economic syllabuses offers you statistical tools and interpretation. You can use the statistical tools to evaluate all the numerical problems. It involves measuring central tendency, measuring dispersion, correlation, and introduction to index numbers.
Part B: Introductory Microeconomics
Part B of class 11 syllabus segments into four units. The first unit is an introduction to microeconomics, where you will know what microeconomics is? How to produce? It also includes Concepts of production possibilities and many more.
In the next unit, you will learn about the consumer’s equilibrium and demand. This unit offers you the meaning of utility, marginal utility, the laws for diminishing marginal utility, and many more.
Further, you can also read about the indifference curve analysis of consumer’s equilibrium. It also includes demands, market demands, price elasticity demand, factor affecting the price elasticity demand, and many more.
In the third unit of part B of the Class 11 Economics Syllabus, you will read about producer behavior and supply. This includes meanings of the production function, total product, marginal product, cost, and revenue. The last and the final unit of part B teaches you about forms of market and price determination.
So, in conclusion, this is everything you should know about the revised class 11 syllabus for economics. Now that you know the Syllabus, you should choose the best online course to achieve the best marks in exams.