Grade 11 Economics II
Class

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Lessons
Here is the class outline:
1. Introduction to Economics |
2. Meaning and Definition of Economics |
3. The Nature of Economics |
4. Scope of Economics |
5. Usefulness and Significance of Economics |
6. Methods of Economic Analysis |
7. Integrated Deductive and Inductive Methods |
8. Model Building in Economics |
9. The Role of Value Judgement in Economic Analysis |
10. The Nature of Economic Laws |
11. Resource Allocation |
12. The Economic Problems |
13. Resources |
14. The Economica Growth |
15. Economic Growth and the PPF |
16. Why PPF is Important |
17. Production Possiblity Frontier |
18. Opportunity Cost and PPC |
19. Basic Economic Questions |
20. ECONOMIC SYSTEM |
21. Advantages & Disadvantages of Capitalist Economy |
22. Command/Planned Economy (Socialistic Or Collective Market Economy) |
23. Mixed Economy |
24. Decision Making Units (Actors) |
25. Decision Making Units (Actors |
26. Theory of Demand |
27. Demand schedule (table), demand curve and demand function |
28. Why the Demand Curve Slopes Downward? |
29. Market Demand |
30. Determinants of demand |
31. Elasticity of demand |
32. Elasticity of Demand |
33. Types of Price Elasticity of Demand |
34. Determinants of Price Elasticity of Demand |
35. Income elasticity of demand |
36. Theory of supply |
37. Elasticity of Supply |
38. Market Equilibrium |
39. The Effects of Changes in Demand and Supply |
40. Exceptions to the Law of Supply |
41. Market Equilibrium - an illustration |
42. Mathematical Analysis of Market Equilibrium |
43. Demand and Supply Curves do not Intersect each other –Is it possible? |
44. The Theory of Consumer Behavior |
45. THE CONCEPT OF UTILITY |
46. Utility |
47. THE CARDINAL UTILITY THEORY |
48. Consumer’s Equilibrium or Law of Equi-Marginal Utility |
49. The Ordinal Utility Theory: Concepts |
50. An Indifference Curve |
51. Marginal Rate of Substitution (MRS) |
52. Budget Line |
53. Equilibrium of the consumer |
54. THEORY OF PRODUCTION
40 min
|
55. Production Function |
56. Production Function with One Variable Input
45 min
|
57. Stages of Production |
58. The Law of Diminishing Marginal Returns |
59. Production Function with Two Variable Inputs |
60. Isoquant |
61. Economic Region of Production |
62. Returns to Scale |
63. Increasing Returns to Scale |
64. Theory of Cost |
65. Time Element and Cost |
66. Average Costs in the Short Run |
67. Marginal Cost and Its Relatioships With Other Types of Cost |
68. RELATIONSHIP BETWEEN PRODUCTION AND COST |
69. Relationships Between Prodduction Curves and Cost Curves |
70. Long-Run Cost of Production |
71. Market Structure |
72. Perfectly Competetive Market |
73. Distinction Between Perfect Competition and Pure Competition |
74. TR, AR and MR under Perfect Competition |
75. Profit Maximisation or Producer’s Equilibrium in the Short Run |
76. Marginal Approach with Graphical Analysis |
77. Profit Maximisation in the Long Run |
78. Deriving the Supply Curve of a Perfectly Competitive Firm (in the Short Run) |
79. PURE MONOPOLY |
80. Profit Maximisation Under Pure Monopoly |
81. Profit maximization under monopoly |
82. Demand Curves Perceived by a Perfectly Competitive Firm and by a Monopoly |
83. MONOPOLISTICALLY COMPETITIVE MARKET |
84. Profit Maximisation Under Monopolistically Competitive Markets |
85. Monopolistic Market vs. Perfect Competition |
86. OLIGOPOLY MARKET |
87. Methods of Coordination Among Oligopoly Firms |
88. Unit 5 Summary |
89. MACROECONOMICS |
90. General Objectives of Macroeconomic Policy |
91. Characteristic Features of Business Cycles |
92. Unemployment |
93. Analysis of Unemployment |
94. Measurement of Unemployment |
95. Inflation |
96. Cost-Push Inflation |
97. The Impact of Inflation On Economic Growth |
98. Adverse Effects |
99. Budget Deficit |
100. Structure (or Components) of Budget |
101. Expenditure Budget |
102. Unit 6 Summary |
103. NATIONAL INCOME ACCOUNT |
104. Importance of National Income Accounting |
105. GDP ¬GROSS DOMESTIC PRODUCT AND GNP -GROSS NATIONAL PRODUCT DEFINITION AND MEASUREMENT |
106. Approach to Measuring GDP |
107. Value Added Approach |
108. Expenditure Method of Measurment For GDP |
109. Problems in Measuring GDP |
110. Conversion of Nominal GDP into Real GDP |
111. Personal Income |
112. Practical Works for GDP |
113. Practical Activities For the GDP Calculations |
114. Unit 7 Summary |
115. CHAPTER EIGHT CONSUMPTION |
116. DETERMINANT FACTORS OF CONSUMPTION |
117. Consumption Function |
118. What is the Average Propensity to Consume (APC)? |
119. Propensity To Consume |
120. Marginal Propensity to Consume |
121. SAVING |
122. Consumption and Saving Functions are Complementary |
123. Average Propensity to Save (APS) |
124. RELATIONSHIP BETWEEN CONSUMPTION AND SAVING |
125. INVESTMENT |
126. Role of Investment in Economic Growth |
127. Unit 8 Summary |
128. INTERNATIONAL TRADE |
129. Advantages of International Trade |
130. Basis of International Trade |
131. Theory of Comparative Cost (David Ricardo) |
132. Trade Restrictions |
133. The definition of Trade Restrictions in Economics |
134. Impact of Foreign Trade on GDP |
135. BALANCE OF PAYMENT |
136. CIURRENT ACCOUNT |
137. CAPITAL ACCOUNT |
138. FOREIGN EXCHANGE RATES |
139. Floating Exchange Rate |
140. DETERMINATION OF LEVELS OF OUTPUT, PRICES, AND EMPLOYMENT |
141. Factors that Determine Aggregate Demand |
142. Aggregate Supply (AS) |
143. Unit 9 Summary |
144. MACROECONOMIC POLICIES |
145. Contractionary Fiscal Policy: |
146. Monetary Policy |
147. Public Finance and Taxation |
148. Principles of Taxation |
149. Classes of Tax |
150. Types of Tax |
151. Unit 10 Summary |