Description
Topics Covered in the Class 11 th Economics & Statistics Course
| Units | Details |
| MICROECONOMICS | |
| 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; concepts of production possibility frontier and opportunity cost |
| 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. Theory of Demand – concept of demand, individual 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 |
| Producer Behaviour and Supply | 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 Theory of Supply – individual 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 |
| Forms of Market and Price Determination under Perfect Competition with simple applications |
Forms of Market – perfect competition, monopoly, monopolistic competition, oligopoly Market Equilibrium – determination of market equilibrium and effects of shifts in demand and supply. Simple Applications of Demand and Supply – price ceiling, price floor |
| STATISTICS | |
| Introduction | What is Economics?
Meaning, scope, functions and importance of statistics in |
| 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; types of series, 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) |
| Statistical Tools and Interpretation |
Measures of Central Tendency – arithmetic mean, median and mode Measures of Dispersion – range, quartile deviation, mean deviation & standard deviation; coefficients Correlation – meaning and properties, scatter diagram; Measures of correlation – Karl Pearson’s method (two variables ungrouped data); Spearman’s Rank method Introduction to Index Numbers – meaning, types – wholesale price index, consumer price index, uses of index numbers; Inflation and index numbers. |
‘Things to Know’ before placing a Purchase Order:-
| Package Contents | 32 GB Pen Drive or Downloadable Links (for Lectures) + Printed Material
Note: |
| Total Lecture Duration | 100 Hours (for full course coverage) Note: Each Lecture will roughly have a duration of 60 Minutes |
| Validity Period | Till 31 st March of Relevant Session Note: Extension of the Validity – can be done for 3 months by paying extra charges ₹1500. |
| Total Viewable Time | 2 Full Views per Lecture (Pause, Forward and Rewind features are available) Note: Students will be given ‘Double Time’ for each lecture. No limit of views for any lecture (subject to availability of time). For Example – A lecture of 1 Hour can be viewed any number of times till the expiry of total limit of 2 Hours i.e. Double Time |
| Lectures will Play On | – Windows Desktop, Windows Laptop, Android Phone Note: Software for Playing Lectures can be activated on Any One Device of your Choice. (Apple Devices are not Supported) Desktop, Projector, TV or any External Display or Mirroring or Screen Cast is Not Allowed Maximum allowed Screen Size of the Monitor is 24 inches. Device Change Request will be charged at ₹ 500 Extra – Software will be provided FREE of Cost to Play the Lectures Note: Students ID Proof i.e., Aadhar card or Passport or Latest School ID Card will be required for Course Activation on Software. First Time Activation will be FREE. Software ‘ID Re-Activation’ Request will be charged at ₹ 500 Extra |
| Tech Requirement | (For PC or Laptop) Processor – Core 2 Duo (2 GHz) Processor or Above RAM – 2GB or Above Operating System – Windows 7 (Ultimate, Home Premium, Professional, and Enterprise), 8, 8.1 and 10. (Not Supported Versions : Windows XP, Windows Vista, Windows 7 Starter, Windows 7 Home Basic, Windows 7 N Edition, Windows 7 KN Edition, Apple IOS)(For Phone) Only Android Version 9 or Above with at least 2 GB RAM. Note: – Internet Connection will be required for ‘Installing and Updating the Software’ provided to play the Lectures. – Please be informed that, you shall not update the Laptop/PC/Mobile OS Version after installing the Software as this will make the Software and Lectures Unplayable. Software ‘ID Re-Activation’ Request will be charged at ₹ 500 Extra |
| Video Language | Hinglish |
| Book Language | English |
| Dispatch Time | Within 72 Hours of Placing the Order |
| Delivery Time | 5-7 Working Days from date of Placing the Order (Package will be delivered through SPEED POST or DELHIVERY as per availability at the given PIN CODE) |
| Extra Classes | Extra Classes will be shared on YouTube if any changes are made in the NCERT Syllabus in-between the Session |
| Doubts Solution | “CA Niraj Jain” Sir’s WhatsApp Number will be given to the Student for only Subject related Doubts Solution. Note: Doubts Solution over Voice or Video Call will be at the discretion of CA Niraj Jain Sir only. |
| Software Problem or Problem in Playing Classes | A dedicated Tech-Support Team’s Contact Number will be given to the Student which will be functional from Monday to Saturday (11 AM to 5 PM) except on Public Holidays or Festivals. |
Reviews
There are no reviews yet.