Economics Revision Notes for Class 11

Economics Class 11 revision notes are available in the PDF format, to download for free, from Vedantu's official website or mobile app. Revision notes of Class 11 economics consist of explanations of several important topics and concepts like the Indian economy, liberalization, etc., in a simple and engaging way with practical examples so students can understand them properly.

Class 11 Economics talks about the study of production, distribution, and consumption of goods and services. The two major branches of Class 11 economics are:

• Macroeconomics - analyzes the individual agent like household, or business firms, etc.

• Microeconomics - covers all the economy as a whole.

Class 11 economics revision notes cover all the crucial topics from both macroeconomics and microeconomics in a straightforward and easy way. The subject experts have prepared these notes after analysing the pattern of previous years question papers, and thus they help students identify the essential topics for revision. After revising Class 11th Economic Notes, students can easily solve Multiple Choice Questions or subjective questions from this chapter.

NCERT Chapter-Wise Class 11 Economics Revision Notes

Class 11 Economics Revision Notes cover the crucial topics from each chapter of NCERT Class 11 Economics for the quick revision of the whole syllabus of Class 11 economics just before the exam. Here is the list of the crucial topics covered in Class 11 Economics Notes.

CBSE Class 11 Economics Weightage 2024-25

Part A: Statistics for Economics

Unit 1: Introduction

Unit 1 Class 11 Economics notes broadly cover the definition of Economics, its aspects, scope and importance in simple terms.

Unit 2: Collection, Organisation and Presentation of Data

Unit 2 Class 11 Economics revision notes are basically divided into three major sections.

• Collection of Data - Includes sources of data: Primary and Secondary, Methods of Collecting these data.

• Organisation of Data - Meaning of variables and its types, Frequency Distribution.

• Presentation of Data - In tabular and diagrammatic Format.

Unit 3: Statistical Tools and Interpretation

It is one of the important chapters of Class 11 Economics and covers the following crucial terms and concepts.

• Mean, Median and Mode

• Absolute and Relative Dispersion

• Lorenz Curve with its meaning and application

• Scatter Diagram

• Karl's Pearson Method

• Index Numbers and its types

Part B: Indian Economic Development

Unit 4: Economic Reforms and Development Experience (Since 1991)

Unit 4 Class 11 Economics revision notes cover a brief introduction to the Indian economy with the reference to Independence and Common goals of Five Year Plans.

Apart from it, some significant concepts covered under this unit under Economic Reforms since 1991 are as follows.

• Liberalisation

• Privatisation

• Globalisation

• Appraisal of LPG Policies

Unit 5: Current Challenges Facing the Indian Economy

Unit 5 Class 11 Economics revision notes highlight the main issues affecting the Indian economy that need to be addressed on the primary basis to improve the economic condition of the country. These issues are:

• Poverty

• Rural Development 

• Infrastructure

• Environment and Sustainable Development 

• Human Capital Formation In India

• Employment: Growth, Informalisation and Other Issues

Unit 6: Development Experience of India

Unit 6 Class 11 Economics revision notes cover the comparison of India's development with its neighbouring countries: China and Pakistan, along with the factors affecting the development of these countries.

With the help of the above information, you can easily access and download the class 11 revision notes which are prepared by our professional teacher who holds the maximum experience. These notes will help you in the studies and also help in the final exam studies. All you have to do is go through them properly to understand the basic concepts.

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CBSE Class 11 Economics Study Materials