NEB Class 11 Economics: Complete Syllabus & Notes

Class 11 Economics: The Ultimate Syllabus Guide

This guide provides a complete overview of the Class 11 Economics curriculum, syllabus, and project works.

1. Detailed Class 11 Economics Syllabus

1.1 Definition of Economics: Adam Smith, Alfred Marshall, Robbins
1.2 Concept of Positive and Normative Economics
1.3 Concept and Differences between Microeconomics and Macroeconomics
1.4 Types of Goods and Services: Normal, Giffen, Inferior, Substitute, Complementary, Private, Public, Economic, and Free
1.5 Introduction and Characteristics of Factors of Production: Land, Labor, Capital, and Organization

2.1 Demand, Supply, and Market Equilibrium: Meaning, function, law, determinants, and shifts in demand and supply curves. Interaction and equilibrium.
2.2 Elasticity of Demand and Supply: Concept and types of elasticity (Price, Income, Cross). Factors determining price elasticity.
2.3 Consumer’s Behavior: Cardinal concept (Total and Marginal Utility), Law of Diminishing Marginal Utility, Law of Substitution, Consumer’s and Producer’s Surplus.
2.4 Theory of Production: Production function (Short-run and Long-run), Total, Average, and Marginal Product, Law of Variable Proportions, Law of Returns to Scale.

3.1 Introduction to Macroeconomics: Macroeconomic variables, Concept of Closed and Open Economy.
3.2 National Income Accounting: Concepts of GDP, GNP, NNP, NI, PI, DI, PCI. Monetary and Real GDP. Measurement methods (Product, Income, Expenditure) and difficulties in Nepal. For official data, you can visit the Ministry of Finance, Nepal.
3.3 Money and Inflation: Meaning, functions, and types of money. Money supply, Quantity Theory of Money, Inflation, and Deflation.

4.1 Economic Development, Growth, and Capital Formation: Definitions, differences, indicators, characteristics of developing nations, and process of capital formation.

5.1 Review of Nepal’s Economy: Contemporary features and macroeconomic indicators.
5.2 Natural Resources of Nepal: Importance, problems, potential, and current state of water, forest, and mineral resources. Management and effects of climate change.
5.3 Agriculture: Characteristics, modernization, commercialization, finance, and market problems.
5.4 Manufacturing and Tourism Industries in Nepal: Types, history, importance, problems, and potential.
5.5 Transportation and Communication: Role in economic development and current situation.

6.1 Basic Mathematics: Importance in economics, equation of a straight line, simple and partial derivatives, and mathematical solutions to economic problems.

Unit	Chapter Name	Notes
1	Basic Concepts of Economics and Allocation of Resources
2	Microeconomics
3	Macroeconomics
4	Development Economics
5	Economy of Nepal
6	Quantitative Methods in Economics

2.1 Explain the law of demand and supply and their determinants.
2.2 Determine the equilibrium price and quantity.
2.3 Define elasticity of demand and supply and explain their types.
2.4 Explain the concepts of total and marginal utility.
2.5 Describe the law of diminishing marginal utility and the law of substitution.
2.6 Explain consumer’s and producer’s surplus.
2.7 Explain the concept of production and production function.
2.8 Describe the relationship between total, average, and marginal product.
2.9 Explain the law of variable proportions and returns to scale.

5.1 State the contemporary features of Nepal’s economy.
5.2 Explain the importance, problems, and potential of Nepal’s natural resources.
5.3 Explain the characteristics of agriculture in Nepal and measures for its modernization.
5.4 Describe the importance and problems of the industrial and tourism sectors in Nepal.
5.5 Explain the role of transportation and communication in economic development.