Economics book for class 11 Punjab board Book pdf Download and You can Also Read Online. This textbook is For 1st-year Students and Only For those who don’t have access to the hard copy and Free for Personal Use Only.
11th class Economics Book by Punjab textbook board
The economics 1st-year coursebook is the optional subject coursebook for both the F.A, ICS, and FSC students. Many people think that economics is more like mathematics, not the case; it is a whole different subject.
The book is co-authored by two subject specialists, which means that the book’s content is perfect for a young learner who knows nothing about economics. This book is available in both English and Urdu mediums. So, that the learners must get an opportunity to understand the concepts better, those who have always studied in an English medium school can have the English medium book, as the Urdu terms are not very common, and students get confused.
There are 12 chapters in this book, and each chapter is written in a significantly lighter tone. The book is specially designed for those who want to learn the basics of economics.
Chapter number 1: nature and scope of economics.
This chapter describes what economics is for human life and how we have worked to gain our economic and non-economic needs. What are services and goods, which things are termed as a utility? It is an introductory chapter.
Chapter number 2: consumer’s behavior and its analysis.
Once the students are aware of the basic terms in economics and learn about its scope. The next chapter explains what the attitudes of consumers are for various goods, utilities, and services. What are some constants and variables in this regard?
Chapter number3: essential tools of stats and math in economics.
To study every subject which involves quantitative measurements, be it physics or chemistry, we are bound to rely on math and stats. This is going to be a straightforward chapter for the science students.
Chapter number4: Demand.
Supply and demand are the two working forces of economics; some demand laws and the variables affect the demand. It is an introductory chapter about demand.
Chapter number5: Supply.
Students will get to learn about the types of supply, the Law of supply, its limitations. What are the elasticity of collection and the factors that affect it?
Chapter number6: Market equilibrium.
How to balance the market, and why it is important to run the economy of a region. This chapter is all about the complex questions of economics. Students will get to learn the mathematical expressions to mention the market equilibrium.
Chapter number 7: Theory of production.
Production is the base for supply and demand. No manufacturing/production means zero economic growth. This chapter is an explanation on are the factors of production and what are the entities of production.
Chapter number 8: Scale of production and Law of return.
The Law of return is known as the profit; the production is always done to get something in return. An economist will see it a way different than a layman. The proportional changes in output and input would be discussed in this chapter.
Chapter number 9: Cost of production.
Production requires money, time, and effort. All these things are the costs of production. Moreover, a region’s economic climate also decides the cost of production for any niche and company.
Chapter number 10: Revenue analysis.
How a firm functions under tough competition, and the rate of revenue then and in regular or no economic growth circumstances. How can firm reach equilibrium in cost and production? Everything is explained graphically and theoretically.
Chapter number 11: Market.
It is an introductory chapter about the market; students will get familiar with the market’s different concepts and definitions—the importance of a market, why people consider the market rates, growth, and competition. Moreover, one of the most important concepts is the market’s monopoly and how people sustain the market.
Chapter number 12: Distribution- Factor pricing.
What are the different ways of pricing, how people ask for the price of something? What is rent, what is a wage, how the revenue and marginal cost affect a company’s growth? What are the labor unions doing in this regard?
How to read 1st-year economics book PDF effectively?
Studying economics 1st year by PTBB PDF to pass the exam is relatively easy; you do not have to worry about it. When you have the proper devices with you, each student must follow a few helpful and practical tips to speed up the learning process. Studying through a PDF is only different from learning from a book, but not difficult.
Charge your devices fully. Otherwise, you will feel distracted, and your pace of learning will not stay the same.
Keep a pen and a pencil to make notes.
Download various applications to draw the digital graphs; you can have any editing application for this.
Cover your eyes with high-quality glasses to avoid any headache and eyesight damages.
Try to turn off the internet when you have downloaded the book; it will keep your focus intact; the continuous flow of notifications from separate mobile phone application can be annoying.
Try making digital notes. Connect the phone gallery with the folder on your google or apple drive, name it economics notes, and save the important definitions there.
The economics 11th grade is not a tough coursebook. Every concept is crystal clear, the designers have added several graphs and pictures to explain the idea. It is a wholesome experience for the new learners. Digital e-learning is also very easy if a few simple tips would be considered.
Note: You can download the 11th Class economics Full Book PDF (1st year Student). Get from Above Download Link or Directly from pctb.punjab.gov.pk.