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NEB Grade 11 Economics

The NEB Grade 11 Economics curriculum is structured into six enriching units, covering basic concepts of economics, micro and macro economics, development economics, the Nepalese economy, and quantitative techniques. This comprehensive curriculum empowers students with a fundamental understanding of economic concepts  and theories to understand consumers and producers behavior as well as the market and economy. 

The first unit, “Basic Concepts of Economics,” is designed to familiarize with the definition of economics by renowned economists such as Adam Smith, Alfred Marshall, and Lionel Robbins. Besides that, this unit also covers the concept of positive and normative economics, micro and macroeconomics, and enables students to add the understanding about goods and services. 

“Microeconomics” – This unit explores the core concepts of economics: concept  and elasticity of demand and supply, consumer behavior, and the theory of production, offering  basic insights into how economies are useful to know consumers and producers behavior.

“Macroeconomics” – This unit introduces various concepts of national income like GDP, GNP, NNP, National income etc as well as familiarization with the national income calculation. Besides that it also delves into inflation, deflation, and the dynamics of money, exploring its definition, functions, and types. 

Unit: “Development Economics” includes the concepts of economic growth and development, indicators of development, features of developing economies, as well as the process of capital formation. 

The “Nepalese Economy” unit, is designed to increase the understanding about the current status as well as the role and importance of natural resources of Nepal like forest, minerals and water and also helps to identify the measures to solve the problems in utilizing such resources. Additionally, the content of this unit also provides insights into agriculture, tourism and manufacturing industry, and transportation and communication. 

The “Quantitative Techniques in Economics” unit explores the crucial role of mathematics in economics. It provides insights into practical applications and calculations involving equations of straight lines and differential calculus, both of which play a vital role in the realm of economics. 

The Grade 11 Economics imparts foundational economic insights. Covering concepts related to economics, Nepal’s economy, and quantitative techniques, it prepares students for real-world economic engagement and understanding.

Chapters in Economics

  • Chapter 1 – Basic Concepts of economics
  • Chapter 2 – Demand, Supply & market equilibrium
  • Chapter 3 – Elasticity of demand and supply
  • Chapter 4 – Consumer Behaviour
  • Chapter 5 – Theory of Production
  • Chapter 6 – Introduction to macroeconomics
  • Chapter 7 – National income accounting
  • Chapter 8 – Money and inflation
  • Chapter 9 – Economic development, growth and capital formation
  • Chapter 10 – Review of Nepalese economy
  • Chapter 11 – Natural resources of Nepal
  • Chapter 12 – Agriculture
  • Chapter 13 – Manufacturing and tourism industry
  • Chapter 14 – Transportation and communication
  • Chapter 15 – Importance and use of mathematics in economics
  • Chapter 16 – Equation of straight line
  • Chapter 17 – Differential Calculas: Simple and partial derivatives
  • Chapter 18 – Project Work

Important topics in NEB Class 11 Economics

  • Features and criticism of Classical/neo-classical and Modern definition. 
  • Law of Demand
  • Law of Supply
  • Price Elasticity of Demand
  • Law of Diminishing Marginal Utility
  • Law of Substitution / Maximum Utility / Gossen’s Second Law
  • Law of Variable Proportion
  • Returns to Scale
  • Functions of Money
  • Characteristics of Good Money
  • Quantity Theory of Money
  • Features of development economies

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