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.