Economics Home Tutor in Udaipur for Class 11

Economics for Class 11
Overview
Do you think economics is not for your brain? Economics for Class 11 will be your forte once you start learning from our economics home tutor. Take this special for class 11th course and say yes to economics.

Unit 1: Introduction

  • What is Economics?
  • Meaning, scope and importance of statistics in Economics
Unit 2: Collection, Organisation and Presentation of Data

  • Collection of data - sources of data - primary and secondary; how basic data is collected; methods of collecting data; some important sources of secondary data: Census of India and National Sample Survey Organisation
  • Organisation of Data: Meaning and types of variables; Frequency Distributions
  • Presentation of Data: Tabular Presentation and Diagrammatic Presentation of Data: (i) Geometric forms (bar diagrams and pie diagrams), (ii) Frequency diagrams (histogram, polygon and ogive) and (iii) Arithmetic line graphs (time series graph)
Unit 3: Statistical Tools and Interpretation

  • Measures of Central Tendency - mean (simple and weighted), median and mode
  • Measures of Dispersion - absolute dispersion (range, quartile deviation, mean deviation and standard deviation); relative dispersion (co-efficient of quartile-deviation, co-efficient of mean deviation, co-efficient of variation); Lorenz Curve: Meaning and its application
  • Correlation - meaning, scatter diagram; Measures of correlation - Karl Pearson's method (two variables ungrouped data) Spearman's rank correlation.
  • 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.
Unit 4: Development Experience (1947-90) and Economic Reforms since 1991

  • A brief introduction of the state of Indian economy on the eve of independence. Common goals of Five Year Plans.
  • Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy, etc.), industry (industrial licensing, etc.) and foreign trade.
  • Economic Reforms since 1991: Need and main features - liberalisation, globalisation and privatisation; An appraisal of LPG policies.
Unit 5: Current challenges facing Indian Economy

  • Poverty - absolute and relative; Main programmes for poverty alleviation: A critical assessment
  • Rural development: Key issues - credit and marketing - role of cooperatives; agricultural diversification; alternative farming - organic farming
  • Human Capital Formation
  • Employment: Formal and informal, growth and other issues: Problems and policies
  • Inflation: Problems and Policies
  • Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment
  • Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming
Unit 6: Development Experience of India

  • A comparison with neighbors
  • India and Pakistan
  • India and China
  • Issues: growth, population, sectoral development and other developmental indicators
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