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Economics Grade 11 Notes PDF download

Economics in Grade 11 is typically an introductory course that covers the basic concepts and principles of economics. The course often includes both microeconomics and macroeconomics topics. Here are some of the topics you may cover in an Economics Grade 11 course:

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1. Introduction to economics
– Definition of economics
– Scarcity and choice
– Opportunity cost
– Production possibility curve

2. Microeconomics
– Supply and demand
– Elasticity of demand and supply
– Market structures (perfect competition, monopoly, oligopoly)
– Consumer behavior and utility theory
– Production and costs
– Factor markets (labor, capital, land)

3. Macroeconomics
– National income accounting
– Gross domestic product (GDP)
– Inflation and deflation
– Unemployment
– Fiscal policy (taxation and government spending)
– Monetary policy (money supply, interest rates, central banking)

4. International economics
– International trade
– Balance of payments
– Exchange rates
– Globalization

Throughout the course, you may also learn how to analyze and interpret economic data, graphs, and charts. You may also be required to write essays and solve problems related to the course material.

Overall, Economics Grade 11 is an excellent introduction to the field of economics and provides students with a solid foundation for further study in the subject.

Economics Grade 11 notes assist learners to do their revisions for every term (term 1, term 2, term 3and term 4), in a way. that is in line with CAPS curriculum of South Africa.

Term 1 Topics:

  • Factors of production and its remuneration Economic goods & services
  • Economic systems
  • South Africa’s economic structures

Term 2 Topics:

  • Relationships between markets
  • Effects of cost & revenue on price and quantities Price elasticity
  • Economic growth

Term 3 Topics:

  • Economic development
  • Poverty
  • money & banking
  • Economic growth and development: South Africa’s role and economic importance in Africa

Term 4 Topics:

Economics Grade 11 Notes

Economics Grade 11 Question and Answer Worksheet

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