PROGRAMME FOR ACADEMICALLY WEAK STUDENTS CLASS XII

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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