CBSE Class 11 Economics Revision Notes

Introduction to CBSE Exam

One of India’s most prestigious educational boards, CBSE, is also the most preferred board by students. There are many reasons why this board is preferred, with the Central Board of Secondary Education examinations being one of them. In addition to a well-developed syllabus, CBSE offers a structured exam pattern to help reduce stress in students during board examinations.

CBSE Class 11 Economics Notes

Economics, one of the most elaborate subjects, requires expertise on the part of the teacher to impart the knowledge to the students. Hence, the Extramarks CBSE Class 11 economics notes are compiled by subject matter experts with several years of teaching experience. Our experts are experienced teachers who are knowledgeable and understand the ever-changing syllabus and design the eco notes for class 11, considering the present academic year. 

The CBSE Class 11 economics notes are structured as per the CBSE syllabus and with reference to the NCERT books. The subject matter experts refer to past year question papers in addition to the study material provided to them to compile the CBSE Class 11 economics notes. Furthermore, they also refer to the CBSE sample papers and previous year question papers to come up with the most important questions for the students to refer to. These important questions are a part of the CBSE Class 11 economics notes provided by Extramarks for free. 

While preparing the CBSE Class 11 economics notes, the experts consider all aspects of the subject such that nothing is overseen. Economics and economy class 11 notes are the base of the subject, and a thorough knowledge of this intricate subject is a must for all students. Keeping this in mind, Extramarks refers to various reference materials along with NCERT books for the CBSE syllabus to prepare the CBSE Class 11 economics notes. 

Every aspect of the study material provided in the CBSE Class 11 economics notes pertains to the intricacies and details of the syllabus. Extramarks provides detailed economics and economy class 11 notes that the students can use as per their requirements. These notes are designed to provide the students with knowledge on the core of economics as a subject. Particular emphasis is given to Business, Commerce, Trade, and their relation to the different forms of organisations. In short, CBSE Class 11 economics notes will strengthen the base of economics in general and provide knowledge on the economy and the overall business structure of the world.

Chapter-wise CBSE Class 11 economics notes for revision

The CBSE Class 11 economics notes are segmented to ease the burden on the students. The segmentation is as per the CBSE syllabus and is mentioned in the table below. In addition, students can click on the link to refer to any particular chapter of the CBSE Class 11 economics notes. These notes can be referred for studies and revision during the examination. 

CBSE Class 11 economics notes Unit 1: Development Policies and Experience

• Chapter 1: Indian Economy On The Eve Of Independence
  • Introduction to the Indian economy
  • Economic development under the colonial rule
  • The agricultural sector and industrial sector
  • Foreign trade
  • Demographic condition and infrastructure
  • Occupational structure
• Chapter 2: Indian Economy (1950 – 1990)
  • Introduction
  • What is plan
  • Five-year plan goals
  • Growth of the service sector
  • Agriculture and land reforms
    • The Green Revolution
  • Modernisation
    • Industry and Trade
    • Industrial policy resolution
  • Trade Policy
    • Import substitution
    • Effects of policies on industrial development

CBSE Class 11 economics notes Unit 2: Economic Reforms since 1991

• Chapter 3: Liberalisation, Privatisation And Globalisation

• Introduction and background
• Liberalisation
  • deregulation of the industrial sector
  • Financial sector reforms
  • Tax reforms
  • Foreign exchange reforms
  • Trade and investment policy reforms, 
• Privatisation
• Globalisation
  • Outsourcing
  • World trade organisation (WTO)
  • Indian economy during reforms 
• Assessment
  • Growth and employment 
  • Reforms in agriculture
  • Reforms in industry
  • Disinvestment
  • Reforms and fiscal policies

CBSE Class 11 economics notes Unit 3: Current Challenges Facing The Indian Economy

• Chapter 4: Poverty
  • What is poverty
  • What causes poverty
  • Categorising poverty
  • The poverty line
  • Policies and programmes towards poverty alleviation
• Chapter 5: Human Capital Formation In India
  • What is human capital
  • Sources of human capital
  • Physical and human capital
  • India as a knowledge economy
  • Human capital and human development
  • Human capital formation in India
  • The education sector in India
• Chapter 6: Rural Development
  • What is rural development
  • Credit and marketing in rural areas 
  • Rural banking
  • Agricultural market system
  • Emerging alternative marketing channels
  • Diversification into productive activities, 
  • Animal husbandry, fisheries, horticulture, other alternate livelihood options 
  • Sustainable development and organic farming
• Chapter 7: Employment Growth, Informalisation and Other Issues
  • Workers and employment
  • Participation of people in employment
  • Self-employed and hired workers, regular salaried employees
  • Employment in firms, factories and offices
  • Growth and the changing structure of employment
  • Informalisation of the Indian workforce
  • Formal sector employment
  • Unemployment
  • Government and employment generation
• Chapter 8: Infrastructure
  • What is infrastructure
  • Relevance of infrastructure
  • The state of infrastructure in India
  • Energy, non-conventional sources of energy
  • Consumption pattern of commercial energy
    • power or electricity
    • some challenges in the power sector
    • power distribution
  • Health
    • State of health infrastructure
    • Private sector health infrastructure
    • Health system in India
    • Indian systems of medicine (ISM)
    • Women’s health
• Chapter 9: Environment and Sustainable Development
  • Environment
    • Definition and its functions
    • Global warming and ozone depletion
    • State of India’s environment
    • Chipko or Appiko
    • Pollution control boards
  • Sustainable development
    • Strategies for sustainable development
    • LPG, gobar gas in rural areas
    • CNG in urban areas
    • Wind power and solar power
    • Traditional knowledge and practices
    • Biocomposting and biopest control

CBSE Class 11 economics notes Unit 4: Statistics for Economics

• Chapter 10: Collection, Organisation and Presentation of Data
  • Introduction to statistics for economics
  • Collection of data
    • Primary and secondary data
  • Organising data
    • Types of variables
    • Frequency distribution
  • Data presentation
    • Tabular and diagrammatic format
• Chapter 11: Statistical Tools and Interpretation
  • Mean, Median and Mode
  • Absolute and Relative Dispersion
  • Lorenz Curve with its meaning and application
  • Scatter Diagram
  • Karl’s Pearson Method
  • Index Numbers and their types

CBSE Class 11 economics notes Unit 5: Development Experiences Of India: A Comparison With Neighbors

• Chapter 12: Comparative development Experiences Of India and Its Neighbors
  • Pakistan and China
  • Demographic indicators
  • Gross domestic production and sectors
  • Indicators of human development
  • Development strategies 

The reference material provided in the CBSE Class 11 economics notes undoubtedly helps the students self-study. 

CBSE Quick Revision Notes for Class 11 Economics

It is an unfortunate fact that students who do not revise, score low marks. Revision is a vital part of studies and preparation for the upcoming examination. It is a vital factor determining how prepared a student is to face the examination. It is the prime factor to succeed and score well. Extramarks CBSE Class 11 economics notes can assist a student in learning and help them revise. 

The CBSE Class 11 economics notes for revision include the following.

How Extramarks Can Help Students for Class 11 Economics?

Extramarks offer a lot of benefits to the students. For example, the CBSE Class 11 economics notes compiled by us include a detailed explanation of diagrams, graphs, and formulas mentioned in the study material. In addition, our CBSE Class 11 economics notes offer the following benefits.

• The CBSE Class 11 economics notes by subject matter experts with expertise in economics.
• The notes include every detail as required in the CBSE syllabus and with reference to NCERT books.
• The CBSE revision notes offer sample papers referring to CBSE previous year question papers of more than ten years. 
• The eco notes class 11 can be referred for study and revision.
• CBSE Class 11 economics notes also provide important questions and CBSE extra questions that can be referred to during revision.

Students can refer to the CBSE Class 11 economics notes for free on Extramarks.