Economics is a vast topic and to clear the concept of the learners from the class 11 only; it is included in the syllabus. There are some basic concepts that you can learn at this level, and at next stage, these concepts are developed in detail. The best way to get a thorough understanding of economics in class 11 is to choose professional tuition. The advantage you get with joining the online classes is that you will get the best guidance with regards to the individual chapters of the subject. In the beginning, you can get a basic understanding of statistics and different methods of collection of data. This will also help you to identify the sources of data and the methods involved in collecting them. In this way, you will have a strong foundation in the subject, and you can use the basic concepts to learn the advanced lessons of the subject.
A few Key concepts of Economics
The entire subject involves analyzing the data in different aspects, and you have to begin with properly collecting them and then organizing the data according to the requirement of the situation. In the beginning, whatever information is collected is called raw data and then it is classified into different segments according to the guidelines issued in the course. After that presenting the data in the appropriate form is very important and this will help you to analyze it in a better way. In this regard, some data is presented in the textual format and others in the tabular format according to the need of the situation.
The class 11 economics tuition classes will help you to get the best understanding of the measures involved in central tendency, and this is a very important chapter in the economics subject. This will introduce you to the concept of Arithmetic mean and the methods involved in calculating them for the equation. After this, you will be taught about the measures of dispersion and correlation in the preceding chapters. Once you have good knowledge of these concepts, you can go ahead and learn the index numbers in a detailed manner. This will give you the complete idea about the construction of an index and the various parameters involved in the process.
The class 11 economics tutorial will give you the complete lessons about all these chapters, and you will not have any issues in understanding them. You can even get real-time help by discussing the issues with the professional tutors, and they will guide you in the right direction to solve the problems. The final chapter in this subject will help you to use the statistical tools towards analyzing any project. This has many practical implications, and you will be able to use it properly when you are handling the accounts for different companies in future. In this manner, the course will give you the best understanding of various concepts of economics and this foundation will help you to understand the advanced concepts in future.