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.
What Will You Learn?
- This module helps to understand Microeconomics and Macroeconomics concepts along with the Nepalese economy.
- To enhance students' skills in analyzing some economic variables related to the national economy.
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.