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📗 Class 11 · CBSE · Economics

Economics Class 11

Chapterwise notes covering both Micro Economics and Statistics for Economics. Handmade and completely free.

25
Chapters
2
Parts
Free
Always
CBSE
Syllabus
📌 How to use: Click any chapter to access notes. Chapters marked "Coming Soon" will be added shortly — check back or follow on Instagram for updates.
📊 Part 1 · Micro Economics
13 chapters
01
Economics and Economy
Meaning of economics, scarcity and choice, central problems, types of economies, economic agents
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02
Central Problems of an Economy
What, how and for whom to produce, production possibility curve, opportunity cost
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03
Consumer's Equilibrium (Utility Analysis)
Total and marginal utility, law of diminishing marginal utility, consumer's equilibrium (one & two commodities)
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04
Consumer's Equilibrium (Indifference Curve)
Indifference curve, budget line, MRS, consumer's equilibrium, income and substitution effects
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05
Theory of Demand
Meaning of demand, law of demand, demand curve, factors affecting demand, shifts vs. movement
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06
Price Elasticity of Demand
Meaning, types, measurement methods (ratio, total expenditure, geometric), factors affecting elasticity
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07
Production Function and Returns to a Factor
Meaning of production, TP, AP, MP, law of variable proportions, three stages of production
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08
Concept of Cost
Fixed and variable cost, TC, AC, MC, AFC, AVC, relationship between AC and MC, short-run cost curves
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09
Concept of Revenue
Total revenue, average revenue, marginal revenue, relationship between AR, MR and price elasticity
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10
Producer's Equilibrium
Meaning of producer's equilibrium, MR-MC approach, TR-TC approach, conditions and diagrams
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11
Theory of Supply
Meaning, law of supply, supply curve, factors affecting supply, elasticity of supply
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12
Forms of Market: Perfect Competition
Market forms, features of perfect competition, price determination, AR = MR = Price in perfect competition
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13
Market Equilibrium Under Perfect Competition
Equilibrium price and quantity, excess demand and supply, effects of shifts in demand and supply
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📈 Part 2 · Statistics for Economics
12 chapters
01
Concept of Economics and Significance of Statistics
Meaning of statistics, importance in economics, limitations, statistical tools and their uses
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02
Collection of Data
Primary and secondary data, sources, methods of primary collection (interview, observation, questionnaire)
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03
Census and Sample Methods of Collection of Data
Census method, sampling method, types of sampling, advantages and limitations, errors in sampling
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04
Organisation of Data
Raw data, classification of data, frequency distribution, cumulative frequency, types of series
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05
Presentation of Data (Textual & Tabular)
Textual presentation, tabular presentation, parts of a table, types of tables, advantages
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06
Diagrammatic Presentation (Bar & Pie)
Simple, multiple and sub-divided bar diagrams, pie diagrams, construction and interpretation
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07
Frequency Diagrams (Histogram, Polygon, Ogive)
Histogram, frequency polygon, frequency curve, ogive (less than and more than type)
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08
Arithmetic Line Graphs (Time Series)
Time series graphs, construction, components of time series, interpretation and uses
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09
Measures of Central Tendency (Arithmetic Mean)
Simple and weighted AM, direct, short-cut and step-deviation methods, AM for grouped and ungrouped data
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10
Measures of Central Tendency (Median & Mode)
Median (individual, discrete, continuous series), quartiles, mode, locating via ogive, comparison of averages
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11
Correlation
Meaning, types of correlation, scatter diagram, Karl Pearson's coefficient, Spearman's rank correlation
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12
Index Numbers
Meaning, types, construction of price index, Laspeyre's and Paasche's index, WPI, CPI, uses and limitations
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