Commerce > Economics Class 11
|
INFINITY COURSE
Economics Class 1164,438 students learning this week |
About Economics Class 11 for Commerce
EduRev's Economics Class 11 Course for Commerce is a comprehensive guide for students to learn the fundamental concepts of economics. The course covers topics such as microeconomics, macroeconomics, international trade, and finance. It equips students with the knowledge and skills to analyze economic problems and make informed decisions. The course includes interactive video lectures, practice tests, and assessments to enhance students' understanding of the subject. With EduRev's Economics Class 11 Course for Commerce, students can excel in their academic pursuits and career goals.
| 1 Crore+ students have signed up on EduRev. Have you? Download the App |
Table of Content
Economics Class 11 for Commerce Syllabus 2023-2024
Commerce Syllabus for Class 11
1. Introduction to Microeconomics
- Concept of microeconomics
- Central problems of an economy
- Consumer's equilibrium and demand
- Producer behaviour and supply
- Forms of market and price determination under perfect competition, monopoly, monopolistic competition and oligopoly
2. Statistics for Economics
- Introduction to statistics
- Collection, organisation and presentation of data
- Measures of Central Tendency
- Measures of Dispersion
- Correlation
- Index Numbers
3. Indian Economy
- Introduction to Indian Economy
- Liberalisation, Privatisation and Globalisation
- Poverty
- Human Capital Formation
- Rural Development
- Employment Generation in India
4. Microeconomics Hand Written Notes
- Detailed notes on microeconomics covering all the topics in the syllabus
5. CBSE Sample Papers
- Sample papers designed by CBSE to help students understand the question paper pattern and marking scheme
6. CBSE New Pattern: Term I Practice Questions
- Practice questions based on the new pattern introduced by CBSE for Term I
7. CBSE New Pattern: Term II Practice Questions
- Practice questions based on the new pattern introduced by CBSE for Term II
8. Chapter Notes
- Chapter-wise notes covering all the important concepts and formulas
9. Short Questions with Answers
- Short questions with answers from all the chapters in the syllabus
10. Long Questions with Answers
- Long questions with answers from all the chapters in the syllabus
11. NCERT Textbook and NCERT Solutions
- NCERT textbook covering all the topics in the syllabus
- NCERT solutions for all the questions in the textbook
12. Previous Years Question Papers (PYQs)
- Previous years question papers with solutions to help students understand the question paper pattern and marking scheme
This course is helpful for the following exams: Commerce, Humanities/Arts
How to Prepare Economics Class 11 for Commerce?
Preparing for Economics Class 11 for Commerce can be a daunting task, but with the right approach, it can be manageable. Here are a few tips to help you prepare for your Economics Class 11 course offered by EduRev.
1. Understand the Syllabus: The first step in preparing for any course is to understand the syllabus. Familiarize yourself with the topics that will be covered in the course, including micro and macroeconomics, demand and supply, inflation, and market structures. Once you have an idea of what will be covered, you can plan your study schedule accordingly.
2. Create a Study Plan: Creating a study plan is crucial to stay on track and make the most out of your study time. Decide on a realistic study schedule that works for you and stick to it. Dedicate enough time to each topic, and revise regularly to ensure that you retain the information.
3. Use Online Resources: EduRev offers a wealth of online resources that can help you prepare for your Economics Class 11 course. Take advantage of the interactive videos, quizzes, and practice tests available on the platform. These resources can help you understand the concepts better and identify any areas that need extra attention.
4. Practice with Previous Year Papers: Practicing with previous year papers is an excellent way to prepare for your exams. It will help you get familiar with the exam pattern and the types of questions that are likely to be asked. EduRev provides previous year papers and sample papers that you can practice with to improve your performance.
5. Seek Help: If you are struggling with any concept or topic, don't hesitate to seek help. You can reach out to your teachers or peers for assistance or use the doubt-solving feature available on EduRev. It's essential to clear your doubts to ensure that you have a solid understanding of the concepts.
In conclusion, preparing for your Economics Class 11 course for Commerce can be challenging, but with the right approach and resources, it can be manageable. Follow these tips, use the resources available on EduRev, and stay consistent with your study schedule to excel in the course.
1. Understand the Syllabus: The first step in preparing for any course is to understand the syllabus. Familiarize yourself with the topics that will be covered in the course, including micro and macroeconomics, demand and supply, inflation, and market structures. Once you have an idea of what will be covered, you can plan your study schedule accordingly.
2. Create a Study Plan: Creating a study plan is crucial to stay on track and make the most out of your study time. Decide on a realistic study schedule that works for you and stick to it. Dedicate enough time to each topic, and revise regularly to ensure that you retain the information.
3. Use Online Resources: EduRev offers a wealth of online resources that can help you prepare for your Economics Class 11 course. Take advantage of the interactive videos, quizzes, and practice tests available on the platform. These resources can help you understand the concepts better and identify any areas that need extra attention.
4. Practice with Previous Year Papers: Practicing with previous year papers is an excellent way to prepare for your exams. It will help you get familiar with the exam pattern and the types of questions that are likely to be asked. EduRev provides previous year papers and sample papers that you can practice with to improve your performance.
5. Seek Help: If you are struggling with any concept or topic, don't hesitate to seek help. You can reach out to your teachers or peers for assistance or use the doubt-solving feature available on EduRev. It's essential to clear your doubts to ensure that you have a solid understanding of the concepts.
In conclusion, preparing for your Economics Class 11 course for Commerce can be challenging, but with the right approach and resources, it can be manageable. Follow these tips, use the resources available on EduRev, and stay consistent with your study schedule to excel in the course.
Attention Commerce Students!
To make sure you are not studying endlessly,
EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans
to achieve a great score in Commerce.
Start learning for FREE
Importance of Economics Class 11 for Commerce
Importance of Economics Class 11 Course for Commerce
Introduction
Economics is a vital subject for students pursuing commerce. It is a social science that deals with the production, distribution, and consumption of goods and services. The Economics Class 11 course offered by EduRev is an essential part of the commerce curriculum, which provides in-depth knowledge about the economic concepts and theories.
Key Pointers
1. Understanding the Basics: The Class 11 Economics course covers the fundamentals of micro and macroeconomics, which are crucial for commerce students. It provides an understanding of the economic concepts and theories that are the foundation of the commerce curriculum.
2. Analyzing Economic Problems: The course equips students with the skills to analyze economic problems and make informed decisions. By studying the principles of economics, students can understand the implications of economic policies and their impact on society.
3. Enhancing Problem-Solving Skills: The Economics Class 11 course helps students to develop their problem-solving skills. The course presents students with real-life economic problems and challenges them to think critically and creatively to find solutions.
4. Preparing for Higher Studies: Economics is a popular subject for higher studies in commerce, such as B.Com and BBA. The Class 11 Economics course prepares students for these courses by providing them with a strong foundation in economics.
5. Exploring Career Opportunities: Knowledge of economics opens up a variety of career opportunities for commerce students. The Economics Class 11 course provides students with an understanding of economic concepts that are essential for careers in finance, banking, and other related fields.
Conclusion
In conclusion, the Economics Class 11 course offered by EduRev is an essential part of the commerce curriculum. It provides students with a strong foundation in economics, which is vital for their future academic and career prospects. By studying economics, students can develop their problem-solving skills, analyze economic problems, and explore career opportunities in related fields.
Introduction
Economics is a vital subject for students pursuing commerce. It is a social science that deals with the production, distribution, and consumption of goods and services. The Economics Class 11 course offered by EduRev is an essential part of the commerce curriculum, which provides in-depth knowledge about the economic concepts and theories.
Key Pointers
1. Understanding the Basics: The Class 11 Economics course covers the fundamentals of micro and macroeconomics, which are crucial for commerce students. It provides an understanding of the economic concepts and theories that are the foundation of the commerce curriculum.
2. Analyzing Economic Problems: The course equips students with the skills to analyze economic problems and make informed decisions. By studying the principles of economics, students can understand the implications of economic policies and their impact on society.
3. Enhancing Problem-Solving Skills: The Economics Class 11 course helps students to develop their problem-solving skills. The course presents students with real-life economic problems and challenges them to think critically and creatively to find solutions.
4. Preparing for Higher Studies: Economics is a popular subject for higher studies in commerce, such as B.Com and BBA. The Class 11 Economics course prepares students for these courses by providing them with a strong foundation in economics.
5. Exploring Career Opportunities: Knowledge of economics opens up a variety of career opportunities for commerce students. The Economics Class 11 course provides students with an understanding of economic concepts that are essential for careers in finance, banking, and other related fields.
Conclusion
In conclusion, the Economics Class 11 course offered by EduRev is an essential part of the commerce curriculum. It provides students with a strong foundation in economics, which is vital for their future academic and career prospects. By studying economics, students can develop their problem-solving skills, analyze economic problems, and explore career opportunities in related fields.
Economics Class 11 for Commerce FAQs
| 1. What is the meaning of the term 'elasticity of demand'? |  |
Ans. Elasticity of demand refers to the responsiveness of demand for a product or service to changes in its price. It indicates the degree of change in quantity demanded in response to a change in price. When demand is elastic, a small change in price leads to a significant change in quantity demanded, while inelastic demand means that a change in price has little impact on the quantity demanded.
| 2. How is price elasticity of demand calculated? | |
Ans. Price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price. The formula for price elasticity of demand is:
Price Elasticity of Demand = (% Change in Quantity Demanded) / (% Change in Price)
If the resulting value is greater than 1, demand is said to be elastic. If it is less than 1, demand is said to be inelastic. If the value is exactly 1, demand is said to be unit elastic.
| 3. What are the factors that affect price elasticity of demand? | |
Ans. Price elasticity of demand is affected by various factors such as availability of substitutes, necessity of the product, income of the consumers, and time. When a product has close substitutes, consumers can easily switch to another product if the price of the original product increases, making demand more elastic. Necessities such as food and medicine have inelastic demand as consumers need them irrespective of their price. As income increases, demand becomes more elastic as consumers have more options to choose from. Finally, demand becomes more elastic over time as consumers adjust their consumption patterns and find substitutes.
| 4. What is the difference between perfectly elastic and perfectly inelastic demand? | |
Ans. Perfectly elastic demand refers to a situation where a small change in price leads to an infinite change in quantity demanded. This occurs when consumers have many close substitutes for a product and are highly sensitive to price changes. On the other hand, perfectly inelastic demand occurs when a change in price has no impact on the quantity demanded. This occurs when the product is a necessity or there are no substitutes available.
| 5. How does price elasticity of demand affect revenue for a firm? | |
Ans. Price elasticity of demand has a direct impact on revenue for a firm. When demand is elastic, a decrease in price leads to an increase in quantity demanded, which in turn leads to an increase in revenue. Conversely, when demand is inelastic, a decrease in price leads to a decrease in revenue as the increase in quantity demanded is not sufficient to compensate for the decrease in price. On the other hand, when demand is elastic, an increase in price leads to a decrease in quantity demanded, which in turn leads to a decrease in revenue. Conversely, when demand is inelastic, an increase in price leads to an increase in revenue as the decrease in quantity demanded is not sufficient to compensate for the increase in price.
Attention Commerce Students!
To make sure you are not studying endlessly,
EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans
to achieve a great score in Commerce.
Start learning for FREE
Economics Class 11 for Commerce Exam Pattern 2023-2024
Economics Class 11 Exam Pattern for Commerce
Economics is an important subject for students pursuing commerce in Class 11. It helps them understand the economic aspects of business and society. The exam pattern for economics class 11 for commerce students is designed to test their understanding of the subject. Here's a breakdown of the exam pattern:
Section-wise weightage:
The economics class 11 exam consists of two sections: microeconomics and macroeconomics. The weightage for each section is as follows:
- Microeconomics: 40 marks
- Macroeconomics: 60 marks
Types of questions:
The exam consists of both objective and subjective questions. The types of questions asked are:
- Multiple Choice Questions (MCQs)
- Very Short Answer Questions (VSAQs)
- Short Answer Questions (SAQs)
- Long Answer Questions (LAQs)
Marking scheme:
The marking scheme for the economics class 11 exam is as follows:
- MCQs: 1 mark for each correct answer, no negative marking
- VSAQs: 1-2 marks for each question, no negative marking
- SAQs: 3-4 marks for each question, no negative marking
- LAQs: 6 marks for each question, no negative marking
Time duration:
The economics class 11 exam is for a total of 3 hours. Students must manage their time effectively to answer all the questions and revise their answers before submitting the paper.
Preparation tips:
To score well in the economics class 11 exam, students can follow these tips:
- Understand the concepts thoroughly
- Practice solving previous year question papers
- Revise the important topics and formulae regularly
- Create a study plan and follow it religiously
- Take breaks and maintain a healthy lifestyle
In conclusion, the economics class 11 exam pattern for commerce students is designed to test their understanding of microeconomics and macroeconomics. Students must prepare well and manage their time effectively to score well in the exam.
Economics is an important subject for students pursuing commerce in Class 11. It helps them understand the economic aspects of business and society. The exam pattern for economics class 11 for commerce students is designed to test their understanding of the subject. Here's a breakdown of the exam pattern:
Section-wise weightage:
The economics class 11 exam consists of two sections: microeconomics and macroeconomics. The weightage for each section is as follows:
- Microeconomics: 40 marks
- Macroeconomics: 60 marks
Types of questions:
The exam consists of both objective and subjective questions. The types of questions asked are:
- Multiple Choice Questions (MCQs)
- Very Short Answer Questions (VSAQs)
- Short Answer Questions (SAQs)
- Long Answer Questions (LAQs)
Marking scheme:
The marking scheme for the economics class 11 exam is as follows:
- MCQs: 1 mark for each correct answer, no negative marking
- VSAQs: 1-2 marks for each question, no negative marking
- SAQs: 3-4 marks for each question, no negative marking
- LAQs: 6 marks for each question, no negative marking
Time duration:
The economics class 11 exam is for a total of 3 hours. Students must manage their time effectively to answer all the questions and revise their answers before submitting the paper.
Preparation tips:
To score well in the economics class 11 exam, students can follow these tips:
- Understand the concepts thoroughly
- Practice solving previous year question papers
- Revise the important topics and formulae regularly
- Create a study plan and follow it religiously
- Take breaks and maintain a healthy lifestyle
In conclusion, the economics class 11 exam pattern for commerce students is designed to test their understanding of microeconomics and macroeconomics. Students must prepare well and manage their time effectively to score well in the exam.
Best Economics Class 11 for Commerce NCERT Solutions and Study Materials
Looking for the best Economics Class 11 for Commerce NCERT study materials and Economics Class 11 for Commerce NCERT Book solutions?
EduRev has got you covered! Our platform offers comprehensive Commerce NCERT Solutions and NCERT Study Materials that
are tailored to fit the needs of Commerce students. Our Economics Class 11 for Commerce NCERT Book Solutions are designed to
help students understand the concepts and improve their grasp on the subject. We provide step-by-step solutions to
all the questions in the Economics Class 11 for Commerce NCERT Tests, making it easy for students to follow along and grasp
the concepts. EduRev’s chapter-wise NCERT Solutions for Commerce are comprehensive and designed by a team of
experienced teachers to cater to the learning needs of students. And the best part is - we offer
our Economics Class 11 for Commerce NCERT Solutions and Study Materials for free to students.
So, if you're looking for the best NCERT Book Solutions and Study Materials for Economics Class 11 for Commerce,
look no further than EduRev. Our platform offers everything you need to excel in your studies and achieve your academic goals.
Course Description
Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum for Commerce 2023-2024 is part of Commerce preparation. The notes and questions for Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum have been prepared
according to the Commerce exam syllabus. Information about Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum covers all important topics for Commerce 2023-2024 Exam.
Find important definitions, questions, notes,examples, exercises test series, mock tests and Previous year questions (PYQs) below for
Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum.
Preparation for Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum in English is available as part of our Commerce preparation & Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum in Hindi for Commerce courses.
Download more important topics related with Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum, notes, lectures and mock test series for Commerce Exam by signing up for free.
Course Speciality
This course of "Economics for Class 11 (XI)" covers CBSE and NCERT curriculum, which has been divided as per the school syllabus so that a student can prepare through important Chapter Notes, NCERT Textbook and NCERT Solutions (Question & Answer).
Full Syllabus, Lectures & Tests to study Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
About this Course
|
200 Videos, 190 Docs & 60 Tests |
|
Pj Commerce Academy |
Related Searches
Organisation and Presentation of Data- Assertions & Reason Type Questions
,High Order Thinking Skills - Consumer's Equilibrium and Demand (Theory of Consumer Behaviour)
,Microeconomics and Macroeconomics
,Chapter Notes - Elasticity Of Demand (Theory of Consumer Behaviour)
,Test: Production and Costs- Case Based Type Questions
,Test: Production and Costs- Assertion & Reason Type Questions
,Law of Diminishing Marginal Products - Economics
,Chapter Notes - Consumer's Equilibrium and Demand (Theory of Consumer Behaviour)
,Law of Demand and Demand Curve
,Fun Video: Organisation of Economic Activities: The Centrally Planned Economy and The Market Economy
,Test: Presentation of Data - 1
,Test: Collection of Data - 1
,Ordinal Utility Concept
,Test: Production and Costs- Match Based Type Questions
,Meaning of Micro Economics
,Test: Collection
|
|
Join Course for Free
This course includes:
200+ Videos
190+ Documents
60+ Tests
4.72 (2217+ ratings)
Top Courses for Commerce
Download free EduRev App
Track your progress, build streaks, highlight & save important lessons and more!
(Scan QR code)
|
|
Course Speciality
This course of "Economics for Class 11 (XI)" covers CBSE and NCERT curriculum, which has been divided as per the school syllabus so that a student can prepare through important Chapter Notes, NCERT Textbook and NCERT Solutions (Question & Answer).
Course Description by EduRev Robots
Full Syllabus, Lectures & Tests to study Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum - Commerce | Best Strategy to prepare for Economics Class 11 | Docs, Videos, Tests, CBSE, NCERT Curriculum | Free Course for Commerce Exam
