## CBSE Class 11 Economics ### **Part A: Statistics for Economics** #### **Module 1: Introduction to Economics and Statistics** - What is Economics? - Scope and importance of statistics in economics - Functions and limitations of statistics in economics #### **Module 2: Collection, Organisation, and Presentation of Data** - Collection of Data: Primary vs. secondary sources, sampling methods - Organisation of Data: Types of variables, frequency distribution - Presentation of Data: - Tabular presentation - Diagrammatic presentation (bar diagrams, pie charts) - Frequency diagrams (histogram, polygon, ogive) - Arithmetic line graphs (time series) #### **Module 3: Statistical Tools and Interpretation** - Measures of Central Tendency: Mean, median, mode - Measures of Dispersion: Range, variance, standard deviation - Correlation: Scatter diagram, Karl Pearson’s method, Spearman’s rank correlation - Index Numbers: Types (WPI, CPI, IIP), uses, inflation and index numbers, simple aggregative method - Interpretation of statistical results in economics --- ### **Part B: Introductory Microeconomics** #### **Module 4: Introduction to Microeconomics** - Meaning of microeconomics and macroeconomics - Positive and normative economics - What is an economy? - Central problems of an economy (what, how, for whom to produce) - Production Possibility Frontier and opportunity cost #### **Module 5: Consumer’s Equilibrium and Demand** - Concepts of utility, marginal utility, law of diminishing marginal utility - Consumer’s equilibrium (marginal utility and indifference curve analysis) - Demand: Meaning, determinants, demand schedule, demand curve - Movement along and shifts in demand curve - Price elasticity of demand: Factors, measurement (percentage change and total expenditure methods) #### **Module 6: Producer Behaviour and Supply** - Production function: Short-run and long-run - Total, average, and marginal product - Costs: Total, average, marginal (fixed and variable) - Revenue: Total, average, marginal - Producer’s equilibrium (MR=MC approach) - Supply: Meaning, determinants, supply schedule, supply curve - Movements and shifts in supply curve - Price elasticity of supply: Factors, measurement #### **Module 7: Forms of Market and Price Determination** - Market structures: Perfect competition, monopoly, monopolistic competition, oligopoly (basic introduction) - Perfect competition: Features, price determination, equilibrium price and quantity - Effects of shifts in demand and supply - Simple applications: Price ceiling, price floor --- ### **Part C: Project Work** #### **Module 8: Economics Project** - Guidelines for project selection (topic, objectives, methodology) - Data collection and analysis - Report writing and presentation - Viva-voce preparation ---