Commerce Subjects in Class 11

Wrapping up the first stage of secondary education in class 10th, students tend to get skeptical about choosing the right stream for the next phase. Selecting a suitable domain of interest is one of the vital decisions in one’s academic journey as classes 11th and 12this considered the foundation years towards your professional quest. The most sought-after stream in 11th is commerce, as it is generally opted by most students. Further, it is essential for those aspiring to pursue this field to be aware of the varied subjects. Through this blog, we aim to provide you with a comprehensive list of the core and elective commerce subjects in class 11.

Core & Elective Disciplines in Commerce Subjects in Class 11

Commerce involves a detailed study of the business world and its many aspects. It aims to impart the knowledge of financial literacy and business skills through which students get to understand the essential components like the sale and purchase of goods from buyers. There are four mandatory Commerce subjects in class 11th: Accountancy, Economics, and Business Studies coupled with English. Further, the integral disciplines of commerce are complemented with a fifth optional subject which can vary from Language studies to Computer-related sentences or any creatively inclined topic like Fine Arts, amongst others.

Core Subjects

• Accountancy
• Economics
• Business Studies
• English

Elective Disciplines

• Mathematics
• Informatics Practices
• Computer Science
• Home Science
• Physical Education
• Psychology
• Fine Arts
• Language Studies (Hindi, French, German)

Core Commerce Subjects in Class 11th

Now that you have understood the bifurcation of subjects, let us know the core Commerce subjects in class 11th.

Accountancy

Accountancy plays a vital role in financial management and book-keeping in every firm and business organization. Accountancy can be understood as processing, communicating, and measuring the financial data of a business firm. It calculates the outcome of economic activities in a company at a specific period. It is one of the mandatory commerce subjects in class 11th. It provides a core understanding of the expenditure by generating financial statements, maintaining a record of business transactions, designing accounting databases, etc. Here are some of the essential topics covered under this subject:

• Financial Accounting
• Accounting Process
• Financial Statement and Analysis
• Computers in Accounting
• Accounting for Partnerships, Non-profit Organizations, Companies, and Firms

Economics

Economics is one such necessary commerce subject in class 11th, which is also offered as an elective in the science stream subjects. Economics is the study of how an economy operates and the interactions between national and international markets, individual agents, etc. By pursuing this discipline, students learn about the critical aspects of an economy at the micro and macro level. One of the most sought-after CBSE Subjects for Class 11, there is a general bifurcation of Economics, i.e., Macroeconomics and Microeconomics. These two subfields of economics collectively provide knowledge of developed or developing economies and essential statistical tools. Here are some of the key topics that this subject comprises:

• Statistics for Economics
• Introductory Microeconomics
• Introduction to Macroeconomics
• Difference Between Micro and Macro Economics
• Indian Economic Development

Business Studies

Since this vast stream focuses on various aspects of business practices, another critical discipline in the list of core commerce subjects in class 11th is Business Studies. It delves deep into how different kinds of businesses work and its various aspects like calculating and responding to the risks and changes that affect the business environment and trade on economic, political, and social upfront. Students are provided with the knowledge of how businesses operate, their framework, and the processes involved in their work. One gets a hold of the theoretical foundation of handling business operations and their interdependent nature. Below we have enlisted down the several topics included under Business Studies:

• Internal Trade
• Emerging Modes of Business
• Principles and Functions of Management
• Evolutions and Fundamentals of Business
• Business Finance and Marketing
• E-Commerce

English

Considered the ‘global language,’ it is rapidly finding its place amongst the commonly spoken languages in the world. It is generally added to almost every education level globally, school or university. English as a subject is compulsory in every stream, be it Commerce, Science or Humanities. In a combined group of classes 11th and 12th, students learn about writing, speaking and listening skills, comprehension, etc. Along will these concepts, students will get an insight into historical, literary masterpieces around the world.

Elective Disciplines

Apart from these mandatory subjects, students must also choose from the optional commerce subjects in class 11th. The elective or optional subjects vary from school to school and from one board to another. However, below are some of the commonly offered optional issues in 11th commerce:

1. Mathematics

Mathematics is amongst the common electives in the list of Commerce Subjects in Class 11. It is a compulsory subject till class 10th but then is offered as an optional one in commerce but compulsory in the science stream. The maths syllabus for Class 11 includes varied topics like Calculus, Integration, Statistics, Probability, Relations, and Functions, and Linear Programming, to name a few.

2. Informatics Practices

This elective goes beyond the applications of computers. Opting for this one amongst the long list of Commerce subjects in Class 11, students get to learn computer systems, create device applications, debug and develop programs, and integrate device electronics, among others. Explore the Informatics Practice Class 12 Syllabus to understand the course structure in 10+2.

3. Computer Science

Computer Science is emerging as a prominent field of study, and it is also being offered to class 11th and 12th students of the commerce stream. Taking this discipline for the optional one in the Commerce subjects in Class 11, you will focus on exploring the basics of computers, programming languages like C++, computing logic, operations of relational databases, and communication and networking technologies.

4. Home Science

Home Science is another elective offered under Commerce subjects in Class 11 and 12. It encompasses an interdisciplinary study of hygiene, biology, economics, rural development, nutrition, sociology, child development, family relations, psychology, textiles, home management, fashion design, community living, and art.

5. Physical Education

Physical education is ideal for those interested in sports, yoga, physical fitness, physiology, etc. These are among the most straightforward scoring disciplines in different commerce subjects in Class 11. You can also explore the Physical Education Class 12 syllabus.

6. Psychology

Psychology is also a frequently opted discipline among the elective commerce subjects of Class 11. It is chosen mainly by those wanting to explore this field and follow the career path of Psychology. Students get to learn about the basic concepts of Psychology and its different types, along with helping them improve their critical and analytical reasoning. To know more, check out the Psychology class 11 CBSE syllabus!

7. Fine Arts

For those striving to explore their hidden artistic talents, Fine Arts can be a great option to choose from the electives offered in the list of Commerce subjects in Class 11. It mainly comprises the study of art history, techniques, and trends, and one can choose a specialization from different fields like Painting, Applied Art, Sculpture, Visual Art, Theatrical Art, etc.

8. Language Studies (Hindi, French, German)

Suppose you are inclined towards learning the intricacies of a language alongside studying the core commerce subjects in Class 11. In that case, you can opt to study a native language like Hindi or a foreign language like French, German, etc. These are also an excellent option for those who want to pursue a career in Foreign Language.

Options for Commerce Students under ICSE Class 11

• Business Studies
• Computer studies
• Legal studies
• Civics
• Mathematics

Options for Commerce Students under West Bengal Board Class 11

• Entrepreneurship
• Informatics Practices.
• Bengal
• Foundation of Financial Markets
• Mutual Funds (FMM Specialization)

Options for Commerce Students under UP Board Class 11

• Economics and Commercial Geography
• Banking
• Industrial Organisation
• Mathematics and Elementary Statistics
• Insurance Policy
• Sports and Physical Education
• Accountancy and Auditing
• Marketing and Salesmanship

Options for Commerce Students under Bihar Board Class 11

• Informatics
• Entrepreneurship
• Legal Studies
• Applied Mathematics

Class 11 Commerce Books

• NCERT Accountancy Class 11
• NCERT Business Studies Class 11
• NCERT Economics Class 11
• NCERT Sociology Class 11
• NCERT Maths Class 11
• NCERT Psychology Class 11
• The Complete E-Commerce Book: Design, Build & Maintain a Successful Web-based Business
• ISC Commerce Class XI – Vol. 1
• Frank ISC Economics 2022 Class 11 by D.K. Sethi & U. Andrews
• T.S. Grewal’s Analysis of Financial Statements: Textbook for CBSE Class 12

Career Options in Commerce

Bachelor of Commerce or BCom is the most popular course for commerce students. Commerce is a diverse career choice; it includes several lucrative options like finance, banking, economics, stock, actuarial science, and accountancy. After completing 12th commerce, there are many popular courses like Bachelor of Commerce, BSc in Economics, BSc in Finance, BSc in Maths, BSc Statistics, Chartered Accountancy, Company Secretary, and BSc in Actuarial Science. Click here to know more about career options after the commerce stream!

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