Grade 11 › Economics

Class 11 Economics

Master all 23 chapters with concept notes, worked examples, and MCQ tests — all free.

23 Chapters Online MCQ Tests 2 Tests / Chapter Free Forever
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Chapter 1
Introduction to Statistics for Economics
Economics and the Need for Statistics Meaning, Functions and Scope of Statistics Limitations, Distrust and Misuse of Statistics
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Chapter 2
Collection of Data
Data: Meaning, Types and Sources Census and Sample Methods Methods of Collecting Primary Data
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Chapter 3
Organisation of Data
Classification of Data and Variables Frequency Distribution and Class Intervals Constructing a Frequency Table
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Chapter 4
Presentation of Data
Tabular Presentation of Data Diagrammatic Presentation: Bar Diagrams and Pie Charts Graphical Presentation: Histogram, Polygon and Ogive
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Chapter 5
Measures of Central Tendency
Arithmetic Mean and Weighted Mean Median Mode and Comparison of Averages
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Chapter 6
Correlation
Meaning, Types and the Scatter Diagram Karl Pearson's Coefficient of Correlation Spearman's Rank Correlation and Interpretation
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Chapter 7
Index Numbers
Meaning, Uses and Construction of Index Numbers Important Index Numbers: CPI, WPI and IIP Index Numbers and Inflation
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Chapter 8
Introduction to Microeconomics
Microeconomics, Macroeconomics and Positive vs Normative Scarcity, Choice and the Central Problems of an Economy The Production Possibility Curve (PPC)
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Chapter 9
Consumer's Equilibrium
Utility and the Law of Diminishing Marginal Utility Consumer's Equilibrium: Utility Approach Indifference Curve and Budget Line Approach
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Chapter 10
Demand
Demand, Demand Schedule, Curve and the Law of Demand The Law of Demand and Its Determinants Movement Along vs Shift in the Demand Curve
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Chapter 11
Elasticity of Demand
Meaning and Degrees of Elasticity The Percentage (Proportionate) Method Total Expenditure Method and Factors Affecting Elasticity
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Chapter 12
Production Function
Production, the Production Function and Time Periods Total, Average and Marginal Product The Law of Variable Proportions
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Chapter 13
Cost
Cost Concepts: Fixed, Variable and Total Cost Average and Marginal Cost Shapes of the Cost Curves
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Chapter 14
Revenue
Total, Average and Marginal Revenue Relationship between TR, AR and MR Revenue Curves: Perfect vs Imperfect Competition
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Chapter 15
Producer's Equilibrium
Meaning of Producer's Equilibrium and Profit The TR–TC Approach The MR–MC Approach and Its Conditions
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Chapter 16
Supply
Supply, Supply Curve and the Law of Supply The Law of Supply and Its Determinants Elasticity of Supply
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Chapter 17
Perfect Competition and Price Determination
Market Structure and Perfect Competition Determination of Equilibrium Price and Quantity Price Ceiling and Price Floor
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Chapter 18
Types of Economies
Economic Systems and Capitalism Socialism Mixed Economy; Developed vs Developing Economies
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Chapter 19
Forms of Market
Monopoly Monopolistic Competition Oligopoly and a Comparison of Market Forms
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Chapter 20
Public Finance
Public Finance and the Government Budget Public Revenue and Taxation Public Expenditure and Public Debt
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Chapter 21
Money and Banking
Meaning and Functions of Money Commercial Banks and Credit Creation The Central Bank
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Chapter 22
National Income
National Income and Basic Concepts: GDP and GNP NNP, National Income, Personal and Disposable Income Methods of Measuring National Income
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Chapter 23
Population and Human Development
Population and Economic Development Human Capital: Education and Health Human Development and Sustainable Development