Economics-XI

Categories: Economics
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About Course

Economics-XI courses are presented in Six units. The first unit deals with economic problems and the factors responsible for these problems. It also includes the definition of economics given by different economists. The second and third units deal with the basic concepts of microeconomics and macroeconomics. Unit four is concerned with the meaning and determining factors of economic development and economic growth. Unit five deals with various factors like natural resources, agriculture, industry, transport and communication of the Nepalese economy. The sixth unit fulfills the need of economic concepts and variables to be expressed in quantitative terms that make the student understand economic relations in a simple way. Economics-XI course is designed to provide basic knowledge about economics.

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What Will You Learn?

  • This module helps to understand Microeconomics and Macroeconomics concepts along with the Nepalese economy.
  • To enhance student's skills in analyzing some economic variables related with the national economy.

About the instructor

Course Curriculum

Unit 1: Basic Concepts of Economics and Allocation of Resources

  • Definition of Economics: Adam Smith, Alfred Marshall, and Lionel Robbins
  • Concept of Positive and Normative Economics
  • Concept of Microeconomics and Macroeconomics
  • Differences between Microeconomics and Macroeconomics
  • Types of Goods and Services: Normal, Giffen, Inferior, Substitutes, Complements, Private, Public, Economic and Free Goods.

Unit 2.1 Demand, Supply and Market Equilibrium

  • Meaning and Definition of Demand
  • Types of Demand
  • Meaning and Types of Demand Function
  • Law of Demand
  • Determinants of Demand
  • Movement along a Demand Curve
  • Shift in Demand Curve
  • Meaning of Supply
  • Meaning and Types of Supply Function
  • Determinants of Supply
  • Law of Supply
  • Movement along a Supply Curve
  • Shift in Supply Curve
  • Interaction between Demand and Supply: Market Equilibrium
  • Change in Equilibrium due to Change in Demand and Supply
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