Commerce is a diverse field consisting of many subjects such as finance, accounting, finance, etc. However, the one that stands out is economics, which is an amalgamation of theoretical and practical concepts pertaining to production, consumption, and distribution of goods. By choosing commerce, you learn these concepts and much more in depth at the best PUC college in Bangalore or elsewhere. Read further to know everything about commerce in economics.
1. What is economics?
A quick Google search defines economics as “the branch of knowledge concerned with the production, consumption, and transfer of wealth.” In broader terms, you will learn how a thriving economy positively impacts production and distribution of goods, and businesses as a whole. You will also learn about Macroeconomics and Microeconomics. Microeconomics studies the economic behaviour of individuals and firms, while Macroeconomics studies the functioning of the economy as a whole - regional, national, and global.
2. What are the chapters in 11th PUC economics?
You will learn the following chapters while studying economics in a top PUC college in Bangalore or any other city -
- Indian Economy on the eve of Independence - This chapter traces the history of the Indian economy, beginning right from our independence. From the impact of the policies undertaken by the British government to the pioneering economists during that period, you will learn about the rise of the Indian economy.
- Indian Economy in the period 1950-1990 - In this chapter, you will learn the elements that were involved in chalking out a plan to restructure the Indian economy. An example of one such element would be the concept of green revolution, where you will learn the benefits it brought to the economy.
- Human Capital Formation - This chapter will teach you the factors relating to population that economists consider while planning an economy. Some of them are -
● Sources of human capital
● Measures of education development
● Regionalism
● Human capital investment
● Inequality and economic development
● Government regulation
- Infrastructure - For an economy to be stable and successful, there has to be a well-structured infrastructure in place. This chapter talks about the various kinds of infrastructure in an economy, the relationship between infrastructure, production, & economic development, rural infrastructure, and much more. Moreover, the chapter all focuses on energy consumption, the pattern of consumption, energy conservation, and problems faced by the power sector.
3. What are the UG courses in economics you can pursue after 12th commerce PUC?
BSc in Economics - Bachelor of Science in Economics or B.Sc Economics is a three-year undergraduate program that will teach you about economic principles, fundamentals and analysis. You will gain an understanding of the use of natural resources, consumption of goods and services, an equilibrium of demand & supply in the market, macroeconomics and microeconomics.
B.Com (Applied Economics) - The field of applied economics applies age-old and contemporary economic theories and principles to real-world situations with the desire to predict possible outcomes. Economists back these outcomes with detailed explanations and numbers, which helps them prove or disprove theories.
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