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CBSE Class 11 commerce economics notes – 2018

CBSE Class 11 commerce economics notes – 2018

CBSE Class 11 commerce economics notes – 2018:

CBSE Class 11 commerce economics notes for students according to NCERT syllabus will be provided by us. The syllabus includes Part A, Part B and Part C. Part A includes Statistics and Economics, Part B includes Indian Economic development and Part C includes Project work. Both the theory and project work sum for a total marks of 100. Theory will be assessed for 80 marks and project work will be assessed for 20 marks. Read on to download the CBSE Class 11 commerce economics notes.

The syllabus for CBSE class 11 commerce economics intends on developing the following as said by the NCERT:
 Understanding of some basic economic concepts and development of economic reasoning which the
learners can apply in their day-to-day life as citizens, workers and consumers.
 Realisation of learners’ role in nation building and sensitivity to the economic issues that the nation is
facing today.
 Equipment with basic tools of economics and statistics to analyse economic issues. This is pertinent
for even those who may not pursue this course beyond senior secondary stage.
 Development of understanding that there can be more than one view on any economic issue and
necessary skills to argue logically with reasoning.

UNITSPERIODSMARKSTOTAL MARKS
PART A: Statistics and Economics10040
1. Introduction713
2. Collection, organisation and presentation of data27
3. Statistical tools and interpretation6627
Part B: Indian Economic Development10040
4. Development experience and Reforms2818
5. Current challenges facing Indian Economy6022
6. Development experience of India – A comparison with neighbouring countries1210
Part C – Project work202020

CBSE Class 11 commerce economics notes – 2018

Introductiion to CBSE Class 11 commerce economics notes:

Economics is one of the social sciences, which has great influence on every human being. As economic life
and the economy go through changes, the need to ground education in children’s own experience becomes
essential. While doing so, it is imperative to provide them opportunities to acquire analytical skills to
observe and understand the economic realities.
At senior secondary stage, the learners are in a position to understand abstract ideas, exercise the power of
thinking and to develop their own perception. It is at this stage, the learners are exposed to the rigour of
the discipline of economics in a systematic way.
The economics courses are introduced in such a way that in the initial stage, the learners are introduced to
the economic realities that the nation is facing today along with some basic statistical tools to understand
these broader economic realities. In the later stage, the learners are introduced to economics as a theory of
abstraction.
The economics courses also contain many projects and activities. These will provide opportunities for the
learners to explore various economic issues both from their day-to-day life and also from issues, which are
broader and invisible in nature. The academic skills that they learn in these courses would help to develop
the projects and activities. The syllabus is also expected to provide opportunities to use information and
communication technologies to facilitate their learning process.

CBSE Class 11 commerce economics notes, syllabus – 2018

CBSE Class 11 commerce economics notes may be prepared using the following syllabus guidelines.

Part A: Statistics for Economics
In this course, the learners are expected to acquire skills in collection, organisation and presentation of
quantitative and qualitative information pertaining to various simple economic aspects systematically. It also
intends to provide some basic statistical tools to analyse, and interpret any economic information and draw
appropriate inferences. In this process, the learners are also expected to understand the behaviour of
various economic data.
Unit 1: Introduction 07 Periods
What is Economics?
Meaning, scope, functions and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of data 27 Periods
Collection of data – sources of data – primary and secondary; how basic data is collected, with
concepts of Sampling; Sampling and Non-Sampling errors; 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).
190
Unit 3: Statistical Tools and Interpretation 66 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- mean (simple and weighted), median and mode
Measures of Dispersion – absolute dispersion (range, quartile deviation, mean deviation and
standard deviation); relative dispersion (co-efficient of range, co-efficient of quartile-deviation,
co-efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning, construction and
its application.
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.
Part B: Indian Economic Development
Unit 4: Development Experience (1947-90) and Economic Reforms since 1991: 28 Periods
A brief introduction of the state of Indian economy on the eve of independence. Common goals of
Five Year Plans.
Main features, problems and policies of agriculture (institutional aspects and new agricultural
strategy, etc.), industry (industrial licensing, etc.) and foreign trade.
Economic Reforms since 1991:
Need and main features – liberalisation, globalisation and privatisation;
An appraisal of LPG policies
Unit 5: Current challenges facing Indian Economy 60 Periods
Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment;
Rural development: Key issues – credit and marketing – role of cooperatives; agricultural
diversification; alternative farming – organic farming
Human Capital Formation: How people become resource; Role of human capital in economic
development; Growth of Education Sector in India
Employment: Formal and informal, growth and other issues: Problems and policies.
Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A
critical assessment;
Sustainable Economic Development: Meaning, Effects of Economic Development on Resources
and Environment, including global warming.
Unit 6: Development Experience of India: 12 Periods
A comparison with neighbours
India and Pakistan
India and China
Issues: growth, population, sectoral development and other developmental indicators.

191
Part C: Developing Projects in Economics 20 Periods
The students may be encouraged to develop project, as per the suggested project guidelines. Case
studies of a few organisations / outlets may also be encouraged. Under this the students will do
only ONE comprehensive project using concepts from both part A and part B.
Some of the examples of the projects are as follows (they are not mandatory but suggestive):
(i) A report on demographic structure of your neighborhood.
(ii) Changing consumer awareness amongst households.
(iii) Dissemination of price information for growers and its impact on consumers.
(iv) Study of a cooperative institution: milk cooperatives, marketing cooperatives, etc.
(v) Case studies on public private partnership, outsourcing and outward Foreign Direct
Investment.
(vi) Global warming.
(vii) Designing eco-friendly projects applicable in school such as paper and water recycle.
The idea behind introducing this unit is to enable the students to develop the ways and means by
which a project can be developed using the skills learned in the course. This includes all the steps
involved in designing a project starting from choosing a title, exploring the information relating to
the title, collection of primary and secondary data, analysing the data, presentation of the
project and using various statistical tools and their interpretation and conclusion.

CBSE Class 11 commerce economics notes – 2018

We are providing free CBSE Class 11 commerce economic notes and syllabus guidelines for the students. To download the pdf of CBSE Class 11 commerce economic notes, please follow the links below.

CBSE Class 11 commerce economic notes

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CBSE Class 11 commerce economic notes syllabus – NCERT

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CBSE Class 11 commerce economic notes – NCERT question paper blue print

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