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3 Attention Students Prepare for your examination covering following heads : Remembering Understanding Application based High Order Thinking Skill (HOTS) Evaluation & Multi-Disciplinary Above Heads Include : 1. Multiple Choice Questions 2. Very Short Answer Questions 3. Short Answer Questions 4. Long Answer Questions Students are advised to prepare all categories of uestions to cover above mentioned fire heads. Authors

CLASS XII PART A INTRODUCTORY MICRO ECONOMICS PART B INTRODUCTORY MACRO ECONOMICS Strictly according to the latest syllabus prescribed by Central Board of Secondary Education, (CBSE), Delhi and

4 CLASS XII PART A INTRODUCTORY MICRO ECONOMICS PART B INTRODUCTORY MACRO ECONOMICS Strictly according to the latest syllabus prescribed by Central Board of Secondary Education, (CBSE), Delhi and various State Boards e.g. Bihar, Jharkhand, Rajasthan etc. & Navodaya, Kendriya Vidyalayas following CBSE curriculum based on NCERT guidelines Dr. Anupam Agrawal M. A., Ph. D. (Economics) & Mrs. Sharad Agrawal M. A.( Economics & English) Revised Edition

5 ã Authors & Publisher 1st Edition : nd Edition : rd Edition : rth Edition : th Edition : th Edition : th Edition : th Revised Edition : Printing and Publishing Rights with the Publisher. The material in this publication is copyrighted. No part of this book may be reproduced or copied in any form or by any means without the written permission of the authors/publisher. Breach of this condition is liable for legal action. Book Code : 9575 ISBN : The reading of all good books is like a conversation with the finest man. Hindi Edition & Solution of this book is also available Price : ` Only Our Other Publications (Hindi & English Medium) Accountancy : Dr. S. K. Singh Business Studies : Dr. Singh & Gupta Entrepreneurship : Dr. Singh & Gupta Project Work in Accountancy : Dr. Singh & Gupta Prob. & Sol. in Accountancy : Dr. S. K. Singh Prob. & Sol. in Economics : Dr. Anupam Agrawal Project Work in Business Studies : Dr. Sharma & Gupta Note : Due care and diligence has been taken while editing and printing the book, neither the authors nor the publisher of the book hold any responsibility for any mistake that may have inadvertently crept in.

6 Syllabus Central Board of Secondary Education (CBSE), Delhi ECONOMICS CLASS XII Paper 1 3 Hours 100 Marks Units Periods Marks PART A : INTRODUCTORY MICRO ECONOMICS 1. Introduction Consumer Euilibrium and Demand Producer Behaviour and Supply Forms of Market and Price Determination Under Perfect Competition with Simple Applications PART B : INTRODUCTORY MACRO ECONOMICS 5. National Income and Related Aggregates Money and Banking Determination of Income and Employment Government Budget and the Economy Balance of Payments The Question Paper will Include Value Based Question/Questions to the Extent of 5 Marks. PART A : INTRODUCTORY MICRO ECONOMICS Unit 1 : Introduction 11 Periods Meaning of Micro Economics and Macro Economics. What is an Economy? Central Problems of an Economy : what, how and for whom to produce; Concepts of production possibility frontier and opportunity Cost. Unit 2 : Consumer s Euilibrium and Demand 32 Periods Consumer s Euilibrium Meaning of Utility, Marginal Utility, Law of Diminishing Marginal Utility, Conditions of Consumer's Euilibrium using Marginal Utility Analysis. Indifference curve analysis of consumer's euilibrium the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's euilibrium. Demand, Market Demand, Determinants of Demand, Demand Schedule, Demand Curve, Movement along and Shifts in the Demand Curve, Price Elasticity of Demand Factors affecting Price Elasticity of Demand, Measurement of Price Elasticity of Demand (a) Percentage-change Method and (b) Geometric Method (Linear Demand Curve), Relationship between Price Elasticity of Demand and Total Expenditure.

7 Unit 3 : Producer Behaviour and Supply 34 Periods Unit 4 : Forms of Market and Price Determination Under Perfect Competition with Simple Applications 31 Periods. Variable ning and Marginal, Supply e, Price centage- PART B : INTRODUCTORY MACRO ECONOMICS Unit 5 : National Income and Related Aggregates 32 Periods Unit 6 : Money and Banking 18 Periods Effects of y their y : Price e ceiling s, Inter- Added or and Net National Personal

8 Unit 7 : Determination of Income and Employment 27 Periods Aggregate Demand and its Components. Propensity to Consume and Propensity to Save (Average and Marginal). Short-run Euilibrium Output, Investment Multiplier and its Mechanism. Meaning of Full Employment and Involuntary Unemployment. Problems of Excess Demand and Deficient Demand, Measures to Correct them Change in Government Spending, Availability of Credit. Unit 8 : Government Budget and the Economy 17 Periods Government Budget Meaning, Objectives and Components. Classification of Receipts Revenue Receipts and Capital Receipts; Classification of Expenditure Revenue Expenditure and Capital Expenditure. Measures of Government Deficit Revenue Deficit, Fiscal Deficit, Primary Deficit : their Meaning. Fiscal Policy and its Role (Non-evaluative Topic). Unit 9 : Balance of Payments BSEB, JAC and Other State Boards PART A : INTRODUCTORY MICRO ECONOMICS PART B : INTRODUCTORY MACRO ECONOMICS 16 Periods Balance of Payments Account Meaning and Components, Balance of Payments Deficit Meaning. Foreign Exchange Rate Meaning of Fixed and Flexible Rates and Managed Floating. Determination of Exchange Rate in a Free Market. Paper 1 3 Hours 100 Marks Units Periods Marks I. Introduction 10 4 II. Consumer Behaviour and Demand III. Producer Behaviour and Supply IV. Forms of Market and Price Determination V. Simple Applications of Tools of Demand and Supply Curves I. National Income and Related Aggregates Basic Concepts and Measurements II. Determination of Income and Employment III. Money and Banking 18 8 IV. Government Budget and the Economy 17 8 V. Balance of Payments

9 PART A : INTRODUCTORY MICRO ECONOMICS Unit I : Introduction 10 Periods What is micro economics? Central Problems of an Economy, Production Possibility Curve and Opportunity Cost. Unit II : Consumer Behaviour and Demand 25 Periods Consumer s Euilibrium Meaning and Attainment of Euilibrium through Utility Approach : One and Two Commodity Cases. Demand : Market Demand, Determinants of Demand, Demand Schedule, Demand Curve, Movement along and Shifts in Demand Curve, Price Elasticity of Demand, Measurement of Price Elasticity of Demand Percentage, Total Expenditure and Geometric Methods. Unit III : Producer Behaviour and Supply 37 Periods Production Function : Returns of a Factor and Returns to Scale. Supply : Market Supply, Determinants of Supply, Supply Schedule, Supply Curve Movement along and Shifts in Supply Curve, Price Elasticity of Supply, Measurement of Price Elasticity of Supply Percentage and Geometric Method. Cost and Revenue : Concepts of Costs, Short Run Costs Curves Fixed and Variable Costs, Total, Average and Marginal Costs. Concepts of Revenue Total, Average and Marginal Revenue and their Relationship. Producer s Euilibrium with the help of MC and MR. Unit IV : Forms of Market and Price Determination 20 Periods Forms of Market Perfect Competition, Monopoly, Monopolistic Competition their Meaning and Features. Price Determination under Perfect Competition Euilibrium Price, Effects of Shifts in Demand and Supply. Unit V : Simple Applications of Tools of Demand and Supply Curves 12 Periods The teacher can be given the flexibility to choose the issues : rationing, floors and ceilings and Food Availability Decline (FAD). Theory (the teachers may also choose alternative examples that are simple and easy to understand). PART B : INTRODUCTORY MACRO ECONOMICS Unit I : National Income and Related Aggregates Basic Concepts and Measurements 30 Periods Macro Economics : Meaning. Circular Flow of Income, Concepts of GDP, GNP, NDP, NNP (at Market Price and Factor Cost), National Disposable Income (Gross and Net); Private Income, Personal Income and Personal Disposable Income, Measurement of National Income Value Added Method, Income Method and Expenditure Method. Unit II : Determination of Income and Employment 25 Periods Aggregate Demand, Aggregate Supply and their Components. Propensity to Consume and Propensity to Save (Average and Marginal). Meaning of Involuntary Unemployment and Full Employment.

10 Determination of Income and Employment : Two Sector Model. Concept of Investment Multiplier and its Working. Problems of Excess and Deficient Demand. Measures to Correct Excess and Deficient Demand Availability of Credit, Change in Government Spending. Unit III : Money and Banking 18 Periods Money Meaning, Evolution and Functions. Central Bank Meaning and Functions. Commercial Banks Meaning and Functions. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation. Unit IV : Government Budget and the Economy 17 Periods Government Budget Meaning and its Components. Objectives of Government Budget. Classification of Receipts Revenue and Capital; Classification of Expenditure Revenue and Capital, Plan and Non-plan and Developmental and Nondevelopmental. Balanced Budget, Surplus Budget and Deficit Budget; Meaning and Implications. Revenue Deficit, Fiscal Deficit and Primary Deficit; Meaning and Implications; Measures to Contain Different Deficits. Downsizing the Role of Government : Meaning and Implications. Unit V : Balance of Payments Foreign Exchange Rate Meaning (Fixed and Flexible), Merits and Demerits; Determination through Demand and Supply. Balance of Payments Account Meaning and Components. A brief analysis about recent exchange rate issues. 14 Periods

Economics U P Board Textbooks Class 12th 31% OFF Publisher : Sbpd Publications ISBN : 9789382883074 Author :

11 Economics U P Board Textbooks Class 12th 31% OFF Publisher : Sbpd Publications ISBN : Author : Dr. Anupam Agrawal, Mrs. Sharad Agrawal Type the URL : Get this ebook

F.A.I.P.S DIVIDED SYLLABUS ECONOMICS (030) CLASS XII

F.A.I.P.S DIVIDED SYLLABUS ECONOMICS (030) CLASS XII F.A.I.P.S DIVIDED SYLLABUS 2015-2016 ECONOMICS (030) CLASS XII MONTH NO. OF WORKING DAYS UNIT/TOPICS SUB-TOPIC MARCH- APRIL 19 + 21 UNIT I: INTRODUCTION UNIT II: CONSUMER BEHAVIOUR AND DEMAND What is an