Economics - Class XI Resources

The following list of online resources are provided as a sample of curated resources. New resources shall be added as we come across interesting and relevant online materials.

1. Definitions of Economics

Description: Explains the meaning of economics.

Core Concepts: Definitions of economics.

LinkVideo on what is economics?

2. Meaning of Economics

Description: Explains the meaning and branches of economics, economic problems and the factors of production.

Core Concepts: Meaning of economics.

LinkVideo on meaning of  economics

3. Basic Problems of Economy and Efficient Use of Resources

Description: Explains economic efficiency in production, allocation, distribution and welfare admits scarcity on Investopedia.

Core Concepts: Basic problems of economy and efficient use of resources.

LinkVideo on economic efficiency

4. Scarcity

Description: Analogy explaining the necessity and scarcity as root cause of economic problems. 

Core Concepts: Scarcity.

LinkVideo on scarcity, the basic problem

5. Economic Problems

Description: Explains the fundamental economic problems and its impact on individual, business and government.

Core Concepts: Economic problems.

LinkVideo on basic economic problem

6. Economic Growth

Description: Explains how to measure economic growth and the need of equal distribution of wealth.

Core Concepts: Economic growth.

LinkVideo on economic growth

7. Economic Development

Description: An overview of economic development explained.

Core Concepts: Economic growth.

LinkVideo on economic development

8. Economic Growth and Development

Description: Comprehensive differentiation of economic growth from economic development.

Core Concepts: Economic growth and development.

LinkVideo on economic growth and development

9. Opportunity Cost

Description: Explains opportunity cost and how it can help in making profitable decision making. 

Core Concepts: Economic growth and development.

LinkVideo on opportunity cost

10. Production Possibility Curve

Description: Explains production possibility curve and how it can help in deciding optimum product mx for the organisation.

Core Concepts: Production possibility curve.

Link Video on production possibility frontier curve

Description: Graphical explanation of the concept of production possibility curve.

Core Concepts: Production possibility curve.

LinkVideo on production possibility curve

11. Developed Vs Developing Economies

Description: Explains the feature of the developed and developing countries.

Core Concepts: Developed Vs developing economies.

LinkVideo on developed v/s developing economies

12. Types of Economic Systems

Description: Paper on economy and its types. 

Core Concepts: Types of economic systems.

LinkWeblink on types of economy

13. Economic systems

Description: Paper on comparative study of economic systems.

Core Concepts: Economic systems.

Link Weblink on comparative study of economic systems

Description: Explains the meaning of capitalism and socialism and their evolution.

Core Concepts: Economic systems.

LinkVideo on capitalism, socialism and communism

14. Mixed Economy

Description: Explanation of the meaning and features of mixed economy. 

Core Concepts: Mixed economy.

Link Weblink on mixed economy

15. Planned Economy

Description: Explains the meaning and features of planned economy and its evolution. 

Core Concepts: Planned economy.

LinkVideo on what is a planned economy?

16. Unemployment in Bhutan

Description: Relevant sites access data and information regarding unemployment in Bhutan. 

Core Concepts: Unemployment in Bhutan.

LinkWebpage on unemployment in Bhutan

17. Poverty

Description: Relevant sites to access data and information of the poverty in Bhutan.

Core Concepts: Poverty.

Links

18. Service Sector in Bhutan

Description: Relevant sites to access data and information on the service sector (tourism) in Bhutan.

Core Concepts: Service Sector in Bhutan.

Links

19. Money

Description: Detailed explanation of meaning and functions of money.

Core Concepts: Money.

Link: Meaning and function of money

Description: Comprehensive account on the meaning, etymology, evolution, properties and functions of money.

Core Concepts: Money.

Link: Webpage on money

Description: Paper on meaning, evolution and functions of money.

Core Concepts: Money.

Link: Webpage on money

20. Banks

Description: Relevant sites to access information of the commercial banks in Bhutan.

Core Concepts: Banks.

Links:

21. Financial Institutions

Description: Explains the services provided by the financial institutions in Bhutan and their operation. 

Core Concepts: Financial institutions.

Link: Video on Economics key stage 4 & 5

22. Credit Creation by Commercial Banks

Description: Explains how commercial banks create credits from the deposits received from the savers with an example.

Core Concepts: Credit creation by commercial banks.

Link: Video on credit creation by commercial banks

Description: Explains the credit creation by commercial banks through money multiplier.

Core Concepts: Credit creation by commercial banks.

Link: Video on credit creation and the money multiplier

23. Inflation

Description: Explains the concept of inflation and its impacts on living.

Core Concepts: Inflation.

Links: 

Description: Explains the mechanism of inflation based on demand pull and cost push inflation. 

Core Concepts: Inflation.

Link: Video on causes of inflation

Description: Explains the meaning, types causes and effects of inflation.

Core Concepts: Inflation.

Link Video on key stage five class XI-XII

Description: Relevant websites to access data and information on inflation in Bhutan.

Core Concepts: Inflation.

Links:  

24. Inflation- Causes and Solutions

Description: Sample problems to conduct case study on inflation in Bhutan.

Core Concepts: Inflation- causes and solutions.

Link: Webpage on sample problem for case study

25. Index Number

Description: Numerical example of the construction of consumer price index using various methods.

Core Concepts: Index number.

Link: Video on CPI- method of construction

Description: Numerical example of the construction of simple index number.

Core Concepts: Index number.

Link: Video on simple index

Description: Website to access data of consumer price index of Bhutan.

Core Concepts: Index number.

Link: Webpage on national statistic bureau