Class 11 Economics

Part A: Basic Concepts of Economics

Chapter 1: Nature of Economics

1.1 Meaning and definition of economics

a. Adam Smith’s definition of economics/ Wealth definition of economics
b. Alfred Marshall's definition of economics/ Material welfare definition of economics
c. Lionel Robbins’ definition of economics/ economics as a science of scarcity and choice
------- Similarities and Differences between Marshall's and Robbins Definition of Economics
------- The superiority of Robbins' definition over other definitions of economics
d. P.A. Samuelson's Definition of Economics or Growth/ Modern definition of economics

1.2 Subject matter of Economics

1.3 Positive and Normative Economics
------- Difference between positive and Normative economics

1.4 Microeconomics and Macroeconomics
------ Inter-dependence between micro and macroeconomics
------ Difference between micro and macroeconomics

Chapter 2: Basic Concepts and Issues

2.1 Factors of production
a. Land, Feature/ Characteristics of land
b. Labour, Features/ Characteristics of labor
c. Capital, Features/ characteristics of capital.

d. The organization, Features/ Characteristics of the organization

2.2 Scarcity and choice
2.3 Opportunity cost
2.4 Allocation of resources
2.5 Production possibility Curve/ Frontier (PPC/ PPF)
------- Shift in PPC
2.6 Types of Goods and services 

------ Concept of GDP, GNP, NNP, NI, PCI, PI, DI

Chapter 3: Demand and Supply

3.1 Market economy
------- Features of the market economy

3.2 Demand and Factors Affecting Demand
-------Difference between Desire and Demand
-------Law of Demand
-------Causes of Demand curve sloping downwards
-------Exceptions or Limitations of the law of demand
-------Demand Schedule, Demand curve, the Demand equation
-------Individual and Market demand curves

-------Movement and Shift in Demand Curve

-------Difference between Movement and Shift in Demand Curve

3.3 Supply and factors affecting supply
-------Law of supply
-------Exceptions / Limitations of Law of supply
-------Supply Schedule, Supply Curve and Supply equation
-------Individual and Market supply curves 

-------Movement and shift in the supply curve

-------Difference between Movement and Shift in Supply Curve

3.4 Interaction between Demand and Supply/ Equilibrium

Part B: Development Economics

Chapter 4: Meaning and indicators of economic development

4.1 Concept of economic development
4.2 Characteristics of Developing countries
4.3 Capital formation Process
4.4 Indicators of economic development
4.5 Unemployment and its types

Chapter 5: Poverty and inequality

5.1 Poverty
5.2 Inequality
5.3 Characteristics of the poor
5.4 Current Situation of Poverty in Nepal
5.5 Causes of Poverty
5.6 Measures to control poverty

Chapter 6: Human Resources

6.1 Human resource and Role of human resource in Economic Development
6.2 Concept of Human Development
6.3 Current status of Nepal's Population
6.4 Causes of high population Growth
6.5 Consequences of High population Growth
6.6 Remedial measures for population growth in Nepal

6.7 Difference between Human beings and Human resources

Chapter 7: Development Planning

7.1 Concept of Planning
7.2 Current periodic plan of Nepal
7.3 General Evaluation of the immediate past plan
7.4 Process of plan formulation in Nepal
7.5 Plan formulation process

Part C: Nepalese Economy

Chapter 8: Overview of the Nepalese Economy

8.1 Geographical location and area of Nepal

8.2 Physical features of Nepal

8.3 River based division

8.4 Administrative division

8.5 Climate and rainfall
8.6 Major Economic indicators of Nepal
8.7 Comparison of Nepalese economy with SAARC and China
8.8 Foreign employment and remittance

Chapter 9: Natural resources of Nepal

9.1 Natural resources of Nepal (Water, Forest, Mineral, Soil)

------ Importance of Water resource
------ Uses of Water resource
------ Sources of Water resource
------ Potentiality of hydroelectricity
------ Current situation of Water resource
------ Importance of forest resource
------ Current situation of forest resource
------ Causes of deforestation
------ Consequences of deforestation
------ Importance of Mineral resource
------ Current situation of Mineral resource
------ Problems of mineral resource extraction

9.2 Environment and Natural resource Management for sustainable development
------ Natural resource
------ Concept of natural resource management
------ Need for natural resource management
------ Consequences of Environment mismanagement
------ Problems and remedial measures of natural resource management

Chapter 10: Agriculture

10.1 Agriculture and Importance of Agriculture

10.2 Characteristics of Nepalese Agriculture

10.3 Problems of Agriculture in Nepal

10.4 Remedial measures of agriculture problems

10.5 Agriculture Finance

----- Importance of Agriculture Finance

----- Purpose of Finance

----- Period of Finance

----- Sources of Agricultural finance

10.6 Agriculture Marketing 

----- Importance of Agriculture Marketing

----- Nature of Agriculture Marketing

----- Problems of Agriculture Marketing

----- Remedial measures of Agriculture Marketing