PROGRAMME FOR ACADEMICALLY WEEK
STUDENTS
CLASS - XII
ECOMONOMICS
(AS PER NEW SYLLABUS - 2017 - 18)
EASY ECONOMICS
PREPARED BY -
RAMESH KUMAR,
PGT
ECONMIC
K V FARIDKOT
SYLLABUS CHAPTER WISE
PART - A
INTRODUCTORY MICRO ECONOMICS
1.
INTRODUCTION: -
(i) Positive and Normative economics
(ii) Production Possibility Curve, Marginal
(iii) Central problems - What to produce? How to produce? and
For whom to produce?
2. CONSUMER
EQUILIBRIUM: -
(i) Meaning of Consumer's equilibrium,
(ii)
Consumer's equilibrium using utility analysis
(iii)
Consumer's equilibrium analysis using indifference
3.DEMAND
& PRICE ELSTICITY OF DEMAND -
(i) Law of
demand
(ii)
movement along the demand curve and shift in demand curve.
(iii)
Meaning and Factors effecting elasticity of demand.
4. PRODUCER;s
BEHAVIOUR -
(i) Meaning
of short run and long run production function.
(ii) Law of Variable proportion.
(iii) Short
run cost and long run cost.
(iv) Producer's equilibrium with MR and MC
approach.
5. SUPPLY
AND ELASTICITY OF SUPPLY -
(i)
Determinants of elasticity of supply.
(ii)
Movement along the supply curve and change in quantity supply
(iii)
Numerical measurement of SS only with Proportion method.
6. FORMS OF
MARKET AND PRICE DETERMINATION UNDER PERFECT COMPETITION -
(i) Features
of perfect competition, Monopoly and Monopolistic competition and Oligopoly
market.
(ii) Determination
of market equilibrium and shift in demand and supply.
(iii) Simple
application of demand and Supply.
PART - A
INRODUCTORY MACRO ECONOMICS
1. MACRO
ECONOMICS AND CIRCULAR FLOW OF INCOME : -
(I) Concept
of stock and flow, Consumer goods, capital goods , final good and intermediate
goods.
(II)
Concepts of Circular flow of income of two sector economy.
2. NATIONAL
INCOME AND ITS METHODS OF MEASUREMENT: -
(i) Concepts
of National income and related aggregate GDP and economic welfare.
(ii).
Measurement of Value added method, Income method and Expenditure method.
3. MONEY AND
BANKING : -
(i)
Drawbacks of Barter system,
(ii)
Functions of Money
(iii)
Functions of Central Bank.
4. DETERMINATION OF INCOME AND EMPLOYMENTS: -
(I) Aggregate
demand and supply.
(ii)
Consumption function,
(iii) Saving
function
(iv)
Deflationary gap and Inflationary gap
(v) Monetary
and fiscal measures of correct to Excess demand and Deficit demand.
5. GOVERMENT
BUDGET AND THE ECONOMY: -
(I) Objectives of government budget,
(ii)
Components of Govt. budget
(iii) Fiscal
deficit, Revenue deficit and Primary deficit meaning and applications.
6. BALANCE
OF PAYMENTS AND FOREIGN EXCHANGE : -
(i) Determination of Foreign exchange Rate,
(ii) Foreign
exchange and determination of foreign exchange in open market operation.
(iii)
Flexible exchange rate and managed floating.
(iv) Balance
of payments of accounts - Current account and Capital account.
(v)
Autonomous and Accommodating items of BOP. a/c.
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