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Economics · Class 11Introduction to MicroeconomicsVideo coming soonRead the notes instead
Free notes for this chapterMark as Completed
Central Problems of an Economy, Production Possibility Curve, Opportunity Cost and the board questions built on them — roughly 3 marks of the paper.
What this chapter covers
- 1Central Problems of an Economy
- 2Production Possibility Curve
- 3Opportunity Cost
- 4Economy Types
These lessons are being recorded. The written notes for this chapter are free to download now.
Learning resources
Seedha Notes
Chapter notes withimportant points,examples & format
View Notes for Introduction to Microeconomics, EconomicsPractice Questions
Important questions,board questions,numericals
Practice Now for Introduction to Microeconomics, EconomicsPrevious yearquestions withfull solutions
View PYQs for Introduction to Microeconomics, EconomicsSample Paper
Board patternsample paper withmarking scheme
Open Paper for Introduction to Microeconomics, Economics
In the notes
Topics covered
- 01Central Problems of an Economy11:11
- 02Production Possibility Curve31:46
- 03Opportunity Cost20:02
- 04Economy Types27:04
After this chapter you can
- Explain central problems of an economy without reading from the book
- Present production possibility curve in the format the marking scheme rewards
- Attempt every previous year question set on this chapter
- Marks
- 3
- PYQs
- 8
- Video
- 1h 30m
Then do the work
- One-shot revision, 23 minutes
- Format sheet for this chapter
- Printable summary, 2 pages
Prepare
| Year | Asked as | Marks |
|---|---|---|
| 2025 | MCQ set | 6 |
| 2024 | Long answer | 2 |
| 2023 | Short answer | 4 |
| 2022 | Case based | 6 |
| 2021 | MCQ set | 2 |
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