What is commerce?
The exchange of products and services between individuals and businesses is referred to as commerce. Commerce, along with Science and the Arts, is regarded as one of the most popular fields of study in academia. Business, trade, accounting, financial information/transactions, and merchandising are all facets of commerce. By promoting trade between nations or inside a country, commerce plays an important role in the development of nations and their populations.
Why choose Commerce?
Subjects you read in Commerce along with introduction of subjects
When you opt for Commerce in 11th standard, most schools provide students with 4 compulsory subjects while providing them with the choice of selecting one additional subject. Also, various other schools offer 6 subjects to Commerce students. To assist you further in your research on Commerce subjects, below we have elaborated the four central academic disciplines offered under this stream.
Amongst the four compulsory Commerce subjects, Economics is a vast field of study that studies a country’s economic development and the factors influencing it like trade markets, exports, and imports, GDP, etc. In layman’s terms, Economics is concerned with ensuring optimum utilization of resources in an economy and weighs in several other constituents like scarcity, competitive markets, demand, supply, equilibrium, amongst others. Further, it has branched out into two key categories: Microeconomics and Macroeconomics that implement different economic concepts at a smaller as well as larger level in an economy.
This subject is structured to provide students with an in-depth knowledge of the different types of businesses, the objectives, scope, and nature of these businesses. It also deals with different concepts of business as well as the aspects of the corporate world. Further, it imparts students with the knowledge of how businesses impact the economy and society as a whole.
Considered with the practice of recording, categorizing, and reporting the varied business transactions of a firm or organization, Accountancy is an indispensable aspect of the vast study of Commerce. This subject deals with the different accounting principles and rules of accounting, along with credits and debits of financial accounting, etc. It is a highly quantitative and theoretical academic discipline and is a perfect career path for those who are dexterous at performing complex mathematical calculations.
As a sub-discipline that has sprouted from the extensive spectrum of Economics, this subject is involved with statistical analysis, collection, and presentation of data in numerical form. Statistics comprises a wide range of concepts such as mode, mean, variance, median, standard deviation, etc. which are taught through the use of graphs, formulas, and numerical problems.
Along with these compulsory Commerce subjects, English or the language of the medium of the school is also included. Some of the optional subjects offered in the Commerce stream also include:
This is one of the easiest scoring disciplines in different commerce subjects in Class 11. Physical Education is ideal for those interested in sports, yoga, physical fitness, physiology, etc. You can also explore the Physical Education Class 12 syllabus.
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.
Encompassing the study of data and information processing, 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 create programs as well as integrate device electronics, amongst others. Explore the Informatics Practice Class 12 Syllabus to understand the course structure in 10+2.
Referred to as the study of the human mind and behavior, Psychology is also a frequently opted discipline amongst the elective commerce subjects of Class 11. Students get to learn about the basic concepts of Psychology and its different types along with helping them improve their critical and analytical reasoning. It is chosen mainly by those wanting to explore this field and follow the career path of Psychology. To know more, check out the Psychology class 11 CBSE syllabus!
Language Studies (Hindi, French, German)
If you are inclined towards learning the intricacies of a language alongside studying the core commerce subjects in Class 11, then you can opt to study a native language like Hindi or a foreign language like French, German, etc. This is also an excellent option for those who want to pursue a career in Foreign Language.
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 Paintings, Applied Art, Sculpture, Visual Art, Theatrical Art, etc.
Scope of commerce and related fields
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, B.Sc. in Economics, B.Sc. in Finance, B.Sc. in Mathematics, B.Sc. Statistics, Chartered Accountancy, Company Secretary, and BSc in Actuarial Science. Bachelor of Commerce or B.Com is the most popular course for commerce students.
Thus, we hope that this blog provided you with better clarity on the different commerce subjects as well as the varied career field they entail. If you need assistance regarding the incremental decision of choosing the right stream after 10th or pursuing courses completing 12th, you can always reach out to our experts at Prime career and we’ll guide you at every step of your career journey thus helping you carve the right path for yourself.