COURSE DESCRIPTION

Statistics For Economics Class 11, provides a wide range of concepts and advanced information regarding the subject which includes all the questions provided in the CBSE Class 11 Economics Syllabus.

This course is designed after keeping pace with the changes introduced by CBSE. It is based on the latest syllabi prescribed by CBSE for the year 2021-2022 and onwards. The course also contains Multiple-Choice, Value-Based, Evaluation, and Multi-Disciplinary Questions as introduced by CBSE.

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.

OBJECTIVES:

• 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.
• Realization 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 analyze economic issues. This is pertinent for even those who may not pursue this course beyond the 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.

Why This Course?

• Due to Covid-19 pandemic, schools couldn’t open in 2020 – 2021 & 2021-2022 session.
• This year many students are facing problems in Commerce subjects especially in Statistics For Economics Class 11.
• Students have less time to complete maximum syllabus.
• If any student couldn’t study whole year or facing less confidence in Statistics For Economics Class 11th, then within remaining period we can complete the entire syllabus.
• To make students feel confident in Statistics For Economics Class 11.
• To help students with real-life applications of Statistics.
• To help students understand each and every topic deeply.
• To help students in scoring the maximum score.

To Join Crash Course – Statistics For Economics Class 11 Call/WhatsApp us at: 9540177026

To Fix a DEMO – Statistics For Economics Class 11 : CLICK HERE

SALIENT FEATURES OF COURSE:

• Each Topic has been written and explained in accordance with the latest guideline issued by CBSE.
• The Concepts have been systematically explained through the use of Diagrams, tables, and examples.
• HOTS Questions with answers have been given at the end of each chapter to enhance the student’s understanding, analytical ability, and interpretation.
• A Quiz of Multiple Choices Questions (MCQ) with answers has been given at the end of Lecture.
• Questions of NCERT TEXTBOOK also discussed with explanations.
• VALUE-BASED Questions with answers have been given in the revision section.
• Practical Problems have been a weightage of 20 to 30 marks in the board examination. To have a Complete edge, a large number of comprehensive solved and unsolved practical problems have been discussed in our lectures.
• Power Booster Section has been provided for the knowledge enrichment of the students.
• This course consist also revision section in which we discuss:

1. Last year’s CBSE Question Papers Of Different Schools.
2. List of important Questions.
3. Value-based, Evaluation, and Multi-Disciplinary Questions.
4. Latest CBSE Sample Paper with Marking Scheme.

DETAILED SYLLABUS: ECONOMICS CLASS 11th

CLASS – XI (2021-22)           Theory: 80 Marks             Duration:3 Hours                  Project: 20 Marks

Units		Marks	Periods
Part A	Statistics for Economics
	Introduction	13	07
	Collection, Organisation, and Presentation of Data		27
	Statistical Tools and Interpretation	27	66
		40	100
Part B	Introductory Microeconomics
	Introduction	4	8
	Consumer’s Equilibrium and Demand	13	32
	Producer Behaviour and Supply	13	32
	Forms of Market and Price Determination under perfect competition with simple applications	10	28
		40	100
Part C	Project Work	20	20

DETAILED SYLLABUS FOR STATISTICS FOR ECONOMICS CLASS 11 CBSE :

Part A: Statistics for Economics Class 11th:

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- Arithmatic mean, 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)

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.

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