XIth Economics

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CBSE Class XIth Economics Online Coaching

Join Best Online Coaching for CBSE Class XIth Economics 2026 – 27 at Prime Academy under the guidance of our highly experieced teacher Mr. Dheeraj Suri, (an expert faculty teaching Economics for over 25 years).

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The CBSE Class 11th Economics syllabus for the academic year 2026–27 is structured into three major parts: Part A, Part B, and Part C.

Part A : Statistics for Economics

Part A focuses on the use of statistical tools that are widely applied in Economics to collect, analyse, and interpret data effectively.

Part B : Introductory Microeconomics

Part B introduces the fundamentals of Microeconomics, covering key concepts such as demand and supply, cost and revenue, market structures, and the behaviour of consumers and producers.

Part C : Project Work

Part C consists of project work, which enables students to apply theoretical economic concepts to real-life situations and practical problems.

Part A : Statistics for Economics

In this course, learners are expected to develop skills in the systematic collection, organisation, and presentation of both quantitative and qualitative information related to various basic economic aspects. The course also aims to equip students with fundamental statistical tools that enable them to analyse and interpret economic data effectively and draw meaningful conclusions. Through this process, learners will gain an understanding of the nature and behaviour of different types of economic data.

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.
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
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 (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

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
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
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 Revenue, Average Revenue and Marginal Revenue – meaning and their relationship.
Producer’s Equilibrium – meaning and its conditions in terms of Marginal Revenue – Marginal 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: Perfect Competition – Price Determination and simple applications.
Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply. (Short Run Only)
Simple Applications of Demand and Supply: Price ceiling, Price floor.

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