XI , Microeconomics
Board: CBSE , Language: English
Microeconomics class 11 | Study material of Microconomics class 11 | Syllabus of Economics class xi C
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GROWTH RATE an Institute of Economics being the leader in Economics Coaching in Jaipur, Rajasthan, India is proud to say that more than 70% of the students of our previous batches have attained above 90% marks in Class 11th CBSE Economics examination. At our institute, we are providing batch as well as individual economics classes. We provide Online and Offline Economics classes.
What It Will Includes:
ECONOMICS (030)
CLASS – XI (2023-24)
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Part B |
Introductory Microeconomics |
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|
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Introduction |
4 |
10 |
|
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Consumer's Equilibrium and Demand |
14 |
40 |
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Producer Behaviour and Supply |
14 |
35 |
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Forms of Market and Price Determination under perfect competition with simple applications |
8 |
25 |
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|
40 |
100 |
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Part C |
Project Work |
20 |
20 |
Part B: Introductory Microeconomics
Unit 4: Introduction | 8 Periods
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.
Unit 5: Consumer's Equilibrium and Demand | 32 Periods
Consumer's equilibrium - meaning of utility, marginal utility, the 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 and total expenditure method.
Unit 6: Producer Behaviour and Supply | 32 Periods
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. Producer's equilibrium-meaning and its conditions in terms of marginal revenue- marginal cost. 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. | 28 Periods
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.
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