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Economics for class 11

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Course offered by Srishti Goyal

9 reviews

Will be covering syllabus of cbse class 11 economics. Including statistics part A , followed by part B introductory micro economics 

 worksheet to follow each session .

I can do morning schedule

from 9-10

Or 3-4 

3 days a week or two days a week as per majority choice

Part A: Statistics for Economics

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

  • Measures of Central Tendency- Arithmetic mean, median and mode
  • Statistical Tools and Interpretation
  • Measures of Dispersion – absolute dispersion standard deviation); relative dispersion coefficient of variation)
  • Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data)
  • Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers

Part B: Introductory Microeconomics

Unit 4: Introduction

  • Meaning of microeconomics and macroeconomics; positive and normative economics
  • What is an economy? Central problems of an economy: what, how and for whom to produce; opportunity cost.

Unit 5: Consumer’s Equilibrium and Demand

  • Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
  • Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.
  • Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.
  • Unit 6: Producer Behaviour and Supply
  • Meaning of Production Function – Short-Run and Long-Run Total Product, Average Product and Marginal Product.
  • Returns to a Factor
  • Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.
  • Revenue – total, average and marginal revenue – meaning and their relationship.
  • Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.
  • Unit 7: Forms of Market and Price Determination Under Perfect Competition with Simple Applications

    • Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
    • Simple Applications of Demand and Supply: Price ceiling, price floor.

About the Trainer

Srishti picture

5 Avg Rating

9 Reviews

14 Students

4 Courses

Srishti Goyal

caligraphy proficient

17 Years of Experience

I have been teaching since 7 years now. I started taking classes at my place about 2 years ago.My students have always done well.

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5 out of 5 1 review

Srishti G. https://p.urbanpro.com/tv-prod/member/photo/449061-small.jpg Malviya Nagar
5.0051
Srishti G.
S

Class 11 Tuition

"My child has been taking classes for the last one year with her for Accounts, Economics & Business Studies. I am highly satisfied with his performance. She has definitely brought out the best in him. "

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5 out of 5 1 review

Srishti G. https://p.urbanpro.com/tv-prod/member/photo/449061-small.jpg Malviya Nagar
5.0051
Srishti G.
S

Class 11 Tuition

"My child has been taking classes for the last one year with her for Accounts, Economics & Business Studies. I am highly satisfied with his performance. She has definitely brought out the best in him. "

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