Best Economics Classes
Welcome to our Economics Classes! Whether you’re new to the world of economics or looking to refresh your knowledge, we’re here to help you navigate this fascinating subject. Economics plays a crucial role in understanding how individuals, businesses, and governments make decisions and allocate resources.
In our economics classes, you’ll explore essential topics like supply and demand, market structures, government policies, and the global economy. We’ll break down complex concepts in an easy-to-understand way, providing you with practical knowledge that can be applied in everyday life.
Rationale
Economics is a social subject for students in classes 11 and 12 and we provide you better fundamental of economics It helps students develop critical thinking and analytical skills by exploring real-world issues like inflation, unemployment, poverty, and economic policies. Through the study of economics, students learn how markets function, how government policies impact the economy, and how global issues like trade and international relations shape societies. Furthermore, economics prepares students of class 11 and 12 for further studies in fields like business, economics, finance, and public policy, opening up a wide range of career opportunities. Overall, studying economics at this stage fosters informed decision-making, enhances problem-solving abilities, and provides valuable insights that are useful both academically and personal
Objective of economics
Analyzing supply and demand in markets.
Understanding how market structures (perfect competition, monopoly, etc.) impact pricing and output.
Analyzing economic performance and growth.
Understanding the causes and effects of inflation and unemployment.
Exploring government policies (fiscal and monetary) and their impact.
- Studying international trade and exchange rates so country manage their import and export .
Guidelines for Project Work in Economics (Class XI and XII)
The objectives of the economics project work are to enable learners to:
• probe deeper into theoretical concepts learnt in classes XI and XII
• analyse and evaluate real world economic scenarios using theoretical constructs and
arguments.
• demonstrate the learning of economic theory.
• follow up aspects of economics in which learners have interest.
• develop the communication skills to argue logically.
The expectations of the project work are that:
• learners will complete only ONE project in each academic session
• project should be of 3,500-4,000 words (excluding diagrams & graphs), preferably
hand-written
• it will be an independent, self-directed piece of study.
Scope of the project:
Learners may work upon the following lines as a suggested flow chart:
1.Choose a title/topic
2.Collection of the research material/data
3.Organization of material/data
4.Present material/data
5.Analysing the material/data for conclusion
6.Draw the relevant conclusion
Marking Scheme :
Marks are suggested to be given as –
S. No. Topic Heading Marks Allotted
1. Relevance of the topic 3
2. Knowledge Content/Research Work 6
3. Presentation Technique 3
4. Viva-voce 8
Total 20 marks
Suggestive List of Projects:
Class XI
• Effect on PPC due to various government policies • Invisible Hand (Adam Smith)
• Opportunity Cost as an Economic Tool • Effect of Price Change on a Substitute Good
• Effect on equilibrium Prices in Local Market • Effect of Price Change on a Complementary Good
• Solar Energy, a Cost Effective Comparison
with Conventional Energy Sources • Bumper Production- Boon or Bane for the farmer
• Any other newspaper article and its
evaluation on basis of economic principles • Any other topic
Class XII
• Micro and Small Scale Industries • Food Supply Channel in India
• Contemporary Employment situation in India • Disinvestment policy of the government
• Goods and Services Tax Act and its Impact
on GDp • Health Expenditure (of any state)
• Human Development Index • Inclusive Growth Strategy
• Self-help group • Trends in Credit availability in India
• Monetary policy committee and its functions • Role of RBI in Control of Credit
• Government Budget & its Components • Trends in budgetary condition of India
• Exchange Rate determination – Methods and
Techniques • Currency War – reasons and repercussions
• Livestock – Backbone of Rural India • Alternate fuel – types and importance
• Sarwa Siksha Abhiyan – Cost Ratio Benefits • Golden Quadrilateral- Cost ratio benefit
• Minimum Support Prices • Relation between Stock Price Index and
Economic Health of Nation • Waste Management in India – Need of the hour
• Minimum Wage Rate – approach and application • Digital India- Step towards the future