Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Economics Class 11th HSC Commerce Tamil Nadu Board of Secondary Education Topics and Syllabus

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Academic year:

Syllabus

1 Introduction to Micro Economics
  • Introduction to Micro Economics 
  • Economics: Meaning 
  • Economics: Its Nature 
    • Wealth Definition: Adam Smith
    • Welfare Definition: Alfred Marshall 
    • Scarcity Definition: Lionel Robbins
    • Growth Definition: Samuelson
  • Scope of Economics 
    • Economics: Its Subject-Matter
    • Economics is an Art and a Science
    1. Economics as an Art
    2. Economics as a Science
    • Economics: Positive Science and Normative Science
    1. Positive Economics
    2. Normative Economics
  • Basic Concepts in Economics 
    • Goods and Services 
    1. Kinds of Goods (and Services)
    • Utility
    1. Meaning
    2. Characteristics of Utility
    3. Types of Utility
    4. Measurability of Utility
    • Price
    • Market
    • Cost
    • Revenue
    • Equilibrium
    • Income
  • Economics: Its Method, Facts, Theories and Laws 
    • Methods of Economics: Deduction and Induction
    1. Deductive Method of Economic Analysis
    2. Inductive Method of Economic Analysis
    • Economics: Facts, Theories
    • Nature of Economic Laws
  • Economics: Its Sub Divisions 
    • Consumption
    • Production
    • Exchange
    • Distribution
  • Economics: Its Types 
    • Micro-economics
    • Macro-economics
    • International Economics 
    • Public Economics 
    • Developmental Economics
    • Health Economics
    • Environmental Economics 
  • Basic Economic Problems 
    • What and how much to produce?
    • How to Produce?
    • For whom to produce?
  • Production Possibility Curve 
    • Production possibilities schedule
    • Food production
    • Uses of production possibility curve
2 Consumption Analysis
3 Production Analysis
4 Cost and Revenue Analysis
  • Introduction to Cost and Revenue Analysis 
    • Cost Analysis
    • Revenue Analysis
    1. Revenue Concepts
    2. Relationship between AR and MR Curves
    3. Relationship among TR, AR and MR Curves
    4. TR, AR, MR and Elasticity of Demand
  • Cost Concepts 
    • Money Cost
    • Real Cost
    • Explicit Cost
    • Implicit Cost
    • Economic Cost
    • Social Cost
    • Opportunity Cost
    • Sunk Cost
    • Floating Cost
    • Prime Cost
    • Fixed Cost
    • Variable Cost
  • Short Run Cost Curves 
    • Total Fixed Cost (TFC)
    • Total Variable Cost (TVC)
    • Total Cost Curves (TCC)
    • Average Fixed Cost (AFC)
    • Average Variable Cost (AVC)
    • Average Total Cost (ATC) or Average Cost (AC)
    • Marginal Cost (MC)
    • The relationship between Average Cost and Marginal Cost
  • Long Run Cost Curves 
5 Market Structure and Pricing
6 Distribution Analysis
  • Introduction to Distribution Analysis 
    • Meaning of Distribution
  • Kinds of Distribution of Income 
    • Personal Distribution
    • Functional Distribution
  • Marginal Productivity Theory of Distribution 
    • Introduction 
    • Assumptions
    • Explanation of the Theory
    • Marginal Product
    • Statement of the Theory
    • Marginal Productivity under Perfect Competition
    • Marginal Productivity Theory under Imperfect Competition
  • Rent 
    • Meaning
    • Ricardian Theory of Rent
    1. Assumptions
    2. Statement of the Theory with Illustration
    3. Diagrammatic Explanation
    • Quasi-Rent
    • Distinction between “Rent” and “Quasi-Rent”
    • The Modern Theory of Rent / Demand & Supply Theory of Rent
  • Wages 
    • Meaning 
    • Kinds of Wages
  • Theories of Wages 
    • Subsistence Theory of Wages
    • Standard of Living Theory of Wages 
    • Wage Fund Theory of Wages
    • Residual Claimant Theory of Wage 
    • Marginal Productivity Theory of Wage 
  • Interest 
    • Meaning
    • Features
    • Kinds of Interest
    1. Gross Interest
    2. Net Interest
  • Theories of Interest 
    • Abstinence Theory or Waiting Theory
    • Agio Theory of Interest/The Psychological Theory ofInterest/Time Preference Theory
    • Loanable Funds Theory/The Neo Classical Theory
    1. Demand for Loanable Funds
    2. Supply of Loanable Funds
    3. Equilibrium
    4. Supply of and Demand for Loanable Funds 
    • Keynes’ Liquidity Preference Theory of Interest or The Monetary Theory of Interest 
    1. Meaning of Liquidity Preference
    2. Motives of Demand for Money
    3. Determination of Rate of Interest
    4. Equilibrium between Demand and Supply of Money
  • Profit 
    • Meaning of Profit
    • Kinds of Profit
    • Concepts of Profit
  • Theories of Profit 
    • Dynamic Theory of Profit
    • Innovation Theory of Profit
    • Risk Bearing Theory of Profit
    • Uncertainty Bearing Theory of Profit
    1. Insurable Risks
    2. Non-Insurable Risks
7 Indian Economy
8 Indian Economy before and After Independence
9 Development Experiences in India
10 Rural Economy
11 Tamil Nadu Economy
  • Introduction to Tamil Nadu Economy 
  • Highlights of Tamil Nadu Economy 
  • Performance of Tamil Nadu Economy 
  • Natural Resources 
    • Land Resources
    • Forest Resources
    • Important Mineral Resources
    • Water Resources
  • Population 
    • Density
    • Urbanisation
    • Sex ratio (Number of female per 1000 males)
    • Infant Mortality Rate (mortality before completing 1year)
    • Maternal Mortality Rate (MMR) (Mother’s death at the time of delivery per 1 lakh)
    • Life Expectancy at birth
    • Literacy
  • Gross State Domestic Product (GSDP) 
    • Sectoral Contribution
    • Per capita Income
  • Agriculture 
    • Institutional aspects and new agricultural strategy, etc.
    • Land Reforms
    • Land ceiling
    • The Green Revolution
    • Marketed surplus
    • The Debate Over Subsidies
    • Foodgrain Production
    • Productivity Position of Tamil Nadu and India
  • Industry 
    • On the Basis of Activities
    1. Primary Industries
    2. Secondary Industries
    3. Tertiary industries or Service industries
    • On the basis of Size
    1. Micro Industries
    2. Small Industries
    3. Medium Industries and
    4. Large Industries
  • Energy 
    • Sources of Energy
    • Non-conventional Sources of Energy
    • Consumption Pattern of Commercial Energy
    • Power/Electricity
    • Some Challenges in the Power Sector
  • Services 
    • Introduction
    • Meaning
    • Definition
    • Philip Kotler
    • American Marketing Association
    • Features of services
    • Intangibility
    • Inseparability
    • Inconsistency
    • Perishability
    • Non-transferability
    • Consumer participation
    • Banking
    • Education
    • Educational Loans 
    • Health
    • Communication
    • Transport
  • Tourism 
12 Mathematical Methods for Economics
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