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ECONOMICS( XII)

(ECONOMICS)

INTRODUCTORY MICRO ECONOMICS

AND

INTRODUCTORY MACRO ECONOMICS

[FOR CLASS XII]

Strictly according to new syllabus prescribed byCentral Board of Secondary Education

AndState Boards of Chhattisgarh, Haryana, Bihar, Jharkhand, Uttarakhand

and other States following CBSE curriculum

By

S.A. SIDDIQUI A.S. SIDDIQUIRecipient of B.Com (Hons.) AICWAI

Distinguished Author Award General Management ProgrammeConferred by IIM-Bangalore

Federation of Educational Publishers in IndiaNew Delhi

113110002

011 43 53 25 00011 43 53 25 28

[email protected]

©

No part of this publication may be reproduced, stored in a retrieval system, ortransmitted in any form or by any means, electronic, mechanical, photocopying,recording or otherwise without the prior written permission of the publisher.

225 00

0484-239 70 04033-22 27 37 73; 22 27 52 47 11, 0361-254 36 69; 251 38 81 02043 044-24 34 47 260181-222 12 72080-26 61 15 61022-24 91 54 15; 24 92 78 690651-230 77 640522-220 95 78040-24 65 23 33

T12-8963-225-COMP. ECONOMICS XII H C–15039/07/12

PREFACE

“Comprehensive Economics”

‘A’ ‘B’

‘A’ (Introductory Micro Economics)

(i) ‘A’

(ii)

(Geometric)

‘B’ (Introductory Macro Economics)

(i) (Circular Flow of Income in Macro Economics)

(ii) (Money and Banking)—

(iii)

(Revenue and Capital) (Plan and Non-Plan),

(Meaning

and Implications)

(iv) (Balance of Payment)—

(Distinct Features of the Present Edition)

(i)

(ii) (Learning Points)

(Flow charts, Diagrams and Data)

(iii) CBSE

(iv)

(v)

(vi) NCERT

(vii)

(viii) CBSE NCERT

(ix)

(x)

(xi) (Glossary)

(xii) (On line)

(xiii) CBSE– (Design)

(xiv) 20

Numerical Problems

with Solution

(xv) CBSE Model Test Papers

(vi)

(vii)

SYLLABUS

CLASS XII

Paper 1 3 Hours 100 Marks

Units Periods Marks

Part A : Introductory Micro Economics

1. Introduction 10 4

2. Consumer Behaviour and Demand 25 13

3. Producer Behaviour and Supply 37 23

4. Forms of Market and Price Determination 20 10

5. Simple applications of tools of demand and supply 12 -

104 50

Part B : Introductory Macro Economics

6. National Income and Related Aggregates 30 15

7. Determination of Income and Employment 25 12

8. Money and Banking 18 8

9. Government Budget and the Economy 17 8

10. Balance of Payments 14 7

104 50

PART A : INTRODUCTORY MICRO ECONOMICS

Unit 1: Introduction 10 Periods

What is Micro Economics?

Central Problems of an economy, production possibility curve and opportunity cost

Unit 2 : Consumer Behaviour and Demand 25 Periods

Consumer’s Equilibrium-meaning and attainment of equilibrium 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 method.

Unit 3 : Producer Behaviour and Supply 37 Periods

Production function : Returns of factor and Returns of 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 : Short run costs-Total cost, Total variable cost, Total Fixed cost ; Average Fixed

cost, Average Variable cost and Marginal cost-meaning and their relationship. Revenue-total, average

and marginal revenue-Producer’s equilibrium-Meaning and its conditions in terms of total cost and

total revenue.

Unit 4 : 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 - Equilibrium price, effects of shifts in demand and

supply.

Unit 5 : Simple Applications of Tools of Demand and Supply 12 Periods

PART B : INTRODUCTORY MACRO ECONOMICS

Unit 6 : National Income and Related Aggregates 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 7 : 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.

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 8 : Money and Banking 18 Periods

Money - meaning, evolution and functions.

Central bank - meaning and functions.

Commercial banks - meaning and functions.

Unit 9 : Government Budget and the Economy 17 Periods

Government budget - meaning and its components

Objectives of government budget

Classification or receipts - revenue and capital; classification or expenditure - revenue and capital, plan

and non-plan, and developmental and non-developmental. 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.

Unit 10 : Balance of Payments 14 Periods

Foreign exchange rate - meaning (Fixed and Flexible), merits and demerits; Determination through

demand and supply

Balance of payments account-meaning of components

(viii)

(ix)

Preface (v) (vi)

Syllabus (vii) (viii)

PART–A

(INTRODUCTORY MICRO ECONOMICS)

(Introduction—What Economics is all about?)

NCERT Assignment

(Central Problems)

NCERT

Assignment

(Consumer Behaviour)

NCERT Assignment

(Theory of Demand)

NCERT

Assignment

(Elasticity of Demand)

NCERT

Assignment

(x)

(Production Function–Returns to Factor and Scale)

NCERT

Assignment

(Supply and Elasticity of Supply)

Assignment

(Cost, Revenue and Producer’s Equilibrium)

(AC)

(MC)

NCERT

Assignment

(Forms of Market)

NCERT

Assignment

(Determination of Equilibrium Price)

NCERT Assignment

Economics Xll (Hindi Medium)

Publisher : Laxmi Publications ISBN : 9788131803875 Author : S. A. Siddiqui, A. S.Siddiqui

Type the URL : http://www.kopykitab.com/product/4350

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