This course will enable the learners to understand basics of class XI Micro Economics in easy language with the help of easy tricks and flow charts. It enables students to understand the concept of Scarcity, Positive and Normative Economics,Micro and Macro Economics, Opportunity cost and Production Possibility curve.It covers following topics:

Micro economics studies the behaviour of individual economic units.Ex-Consumer equilibrium, producers equilibrium, product pricing, factor pricing etc.Micro economics is also called price theory.

Macro economics studies the behavior of the economy as a whole.Ex- National income, aggregate demand, aggregate supply, general price level, Inflation etc.Macro economics is also called theory of income and employment.

Economy is a system in which people earn a living to sastisfy their wants through process of production, consumption, investment and exchange.

Economic problem is the problem of choice arising from use of limited means which have the alternative use for the satisfaction of various wants.