Class 11th English
CONTENTS
📘Formula sheet - Click here
📚 Chapter-wise Microeconomics Notes (Human-written Summaries)
📘 Chapter 1: Introduction to Microeconomics
Understand the basics — what economics is, the difference between micro and macro, and how consumers, producers, and markets interact in the real world. We simplify complex terms like opportunity cost and scarcity so you never get confused.
📘 Chapter 2: Consumer’s Behaviour
Explore how consumers make decisions with limited income. Learn about utility, budget lines, indifference curves, and the law of diminishing marginal utility — all with relatable examples.
📘 Chapter 3: Demand
Master the concept of demand, the law of demand, factors affecting demand, and the difference between movement and shift in the demand curve. Includes practice diagrams and tips.
📘 Chapter 4: Elasticity of Demand
Learn how responsive demand is to changes in price, income, and other factors. This chapter breaks down types of elasticity with easy formulas and graph-based examples.
📘 Chapter 5: Production
Dive into the production process — from inputs and outputs to laws like variable proportions and returns to scale. Real-world agricultural and industrial examples make it simple.
📘 Chapter 6: Cost
A key chapter for exams. Understand fixed and variable costs, total vs marginal costs, and how cost curves behave in short and long runs. Comes with a free formula sheet.
📘 Chapter 7: Revenue
Learn how firms earn revenue — total, average, and marginal — and how it changes under different market conditions. Includes easy charts and MCQs.
📘 Chapter 8: Producer’s Equilibrium
Figure out how producers decide how much to produce to maximise profits. We use step-by-step diagrams to explain both MR-MC and TR-TC approaches.
📘 Chapter 9: Supply
Understand the law of supply, the supply curve, and how it's affected by price, technology, and taxation. Includes graphical explanation and short notes for quick review.
📘 Chapter 10: Market Equilibrium
Learn how supply and demand come together to fix prices in a market. You’ll also explore price ceilings, floors, and government interventions — explained in the simplest terms.