Live Economics Classes for XI


Demo Lecture


This Course is designed by the ‘Kapil Dev Dhand’ Author of an e-Book “Economania-Story of Economics” for Class XI and XII Economics Students of CBSE and ICSE Course Contains Two Books ‘Micro Economics’ and ‘Macro Economics’. This course is developed by India’s Top Most Faculties and caters the need of Concept Clarity and High Scoring simultaneously.
Live Lectures are Beautifully designed in systematic sequence and in form of Questions and Answers along with well-designed illustration which makes student fall in love with economics.E-book along with QRT(Quick Revision  Techniques) notes are provided with this course. All the Live Lectures are also available for students 24×7 after the class so that students can revise the class according to his own convenience.

Timing: 8 pm to 9 pm (Monday, Wed, Friday)

About Author –

Prof. Kapil Dev Dhand is an educationist and currently acting as Director- Delhi Institute of Commerce Education, He has done his Graduation and Masters from Delhi University and in teaching since 1996, He took Live sessions of Economics in “PATHSHALA” and “PRO-EDUCATION”.
He is an Author and wrote “Economania-Story of Economics” and conducted lots of workshops on economics. He Created lots of technique to teach Accountancy which is followed by many teachers.
For Example “R.A.T” is one of the Technique he developed to teach Partnership of class XII, that was later used as a model for many schools. R.A.T is an interactive experience for students to make “Partnership” more Easy and Enjoyable. Under his guidance “Delhi Institute of Commerce Education” twice received the award of “Best Commerce Institute in Delhi” by Dr. Shashi Tharoor and Renowned Author Chetan Bhagat.
Kapil sir guided numerous students to unlock their potential and to realise their dream and helps them to score “Perfect 100”. He believes that “Enjoyment is the Key to Success” and his students start enjoying studies after sir’s couple of lecture.

Class  Part A: Introductory Microeconomics Part B: Statistical Tools and Interpretation
XI Unit 1: Introduction
Unit 2: Consumer’s Equilibrium and Demand
Unit 3: Producer Behaviour and Supply
Forms of Market and Price Determination
Unit 5: Measures of Central Tendency
Unit 6: Measures of Dispersion
Unit 7: Correlation
Unit 8: Introduction to index number

Part A: Introductory Micro-Economics
Unit 1: Introduction
Meaning of microeconomics and macroeconomics; positive and normative economics
What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

Unit 2: Consumer’s Equilibrium and Demand
Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.

Unit 3: Producer Behaviour and Supply
Meaning of Production Function – Short-Run and Long-Run
Total Product, Average Product, and Marginal Product.
Returns to a Factor
Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.
Revenue – total, average and marginal revenue – meaning and their relationship.
Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.

Unit 4: Forms of Market and Price Determination under Perfect Competition with simple applications.
Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
Other Market Forms – monopoly, monopolistic competition, oligopoly – their meaning and features.
Simple Applications of Demand and Supply: Price ceiling, price floor.

Part B: Introductory Macroeconomics

(For all the numerical problems and solutions, the appropriate economic interpretation may be
attempted. This means the students need to solve the problems and provide interpretation for
the results derived.)
Unit 5: Measures of Central Tendency
mean (simple and weighted), median and mode
Unit 6: Measures of Dispersion
Absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative
dispersion (coefficient of range, coefficient of quartile-deviation, coefficient of mean deviation, co-
efficient of variation); Lorenz Curve: Meaning, construction, and its application.
Unit 7: Correlation
Meaning and properties, scatter diagram; Measures of correlation – Karl Pearson's method (two
variables ungrouped data) Spearman's rank correlation.
Unit 8: Introduction to Index Numbers
Meaning, types – wholesale price index, consumer price index and index of industrial production,
uses of index numbers; Inflation and index numbers.

Course Features

  • Lectures 0
  • Quizzes 0
  • Skill level Beginner
  • Language English
  • Students 1
  • Assessments Yes