CLASS XII - HOLIDAY HOMEWORK ( AUTOMUN BREAK)

HOLIDAY HOME WORK ( AUTOMUN BREAK) -2017

1.   INTRODUCTION

1. What is micro economics? How it is differ from macro economics?

2.  Distinguish between positive economics and normative economics.

3. What is meant by economy? Explain briefly the  problem of resource allocation.

4. Explain the meaning of opportunity cost with the help of PP schedule.

5.  Explain problems of 'What to produce' with the help of PPC .

6. Why PPC is concave? Explain.

7.  Giving reasons comment on the shape of PP curve based on the following schedule:

Good - X (Unit)	0	1	2	3	4
Good - Y ( Unit)	10	9	7	4	0

UNIT 2. CONSUMER' EQUILIBIRUM & DEMAND

1.  Distinguish between Cardinal and Ordinal analysis of consumer equilibrium

2. What are the properties of Indifference curve ? Explain.

3. Explain the Law of diminishing marginal utility.

4. Explain the consumer equilibrium with single commodity and two commodities.

5. Explain the factor affecting market demand.

6. Distinguish between change in quantity demanded and change in  demand.

7. Explain the geometric method of measuring price elasticity of demand.

               UNIT 3: -  PRODUCER BEHAVIOUR AND SUPPLY

1.  Giving reasons, state whether the following statement are true or false:

(i) Average product will increase only when MP increases.

(ii) Under diminishing return to a factor , total product continues to increases till MP reaches zero.

2.  Distinguish between short period and long period production function.

3.  Explain the condition of producer's equilibrium with the help of a numerical example.

4. Explain the Law of variable proportion. Use diagram.

5. Explain the distinction between ' Change in quantity supplied' and 'shift in supply work.'

6.  How does subsidy influence the supply of a good by firm, Explain.

7. Why is equality between marginal cost and marginal revenue necessary for a firm to be in equilibrium? Is sufficient to ensure equilibrium? Explain.

                        UNIT - 3 B   COST AND REVENUE

1.  Explain relationship between: -

     (i) AC and MC a

    (ii) TC and  MC

2.  Explain the following cost and also give example : -

 (i)  Implicit cost and explicit cost.

(ii)  Total cost and Opportunity cost.

3.  Explain the relationship between total revenue and marginal revenue.

4.  Under what market condition does average revenue always equal marginal revenue? Explain.

5. Explain the relationship between marginal cost and average .

UNIT 4   FORM OF MARKET AND PRICE DETERMINATION UNDER PERFECT CMPETITION

1.  Explain the any three features of the following: -

(i)  Perfect competitions

(ii) Monopoly

(iii) Monopolistic Competition.

2.  How the price is determined under perfect competition? If there is Excess demand in the economy  than how equilibrium will be reached explain.

3.  Distinguish between Price Ceiling and Price floor.

4. 'Erratic rainfall leads the hike the price of the onion.  Use a diagram and economic theory to analyze the statement.

5. Distinguish between Collusive and Non - Collusive Oligopoly.

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HOLI DAY HOME WORK FOR XI CLASSES.

AUTOMUN BREAK HOME WORK

CLASS - XI HUMANITIES AND COMMERCE.

STATISTICS FOR ECONOMICS

Chapter: - 1.  Economics - An Introduction.

ONE MARK QUESTION

1. Who is the father of Statistics ?

2. Define economics.

3. What do you mean economic activities and Non - economic activities?

THREE MARKS QUESTION: -

1.' Economics is a study of scarcity' Discuss.

2. Discuss main three economic activities.

Chapter: - 2.  Meaning, Scope and Importance of economics: -

1. ONE MARK QUESTION

1. Define Statistics in plural form

2. Briefly explain the meaning of s Statistics in singular sense .

3. Mention two important  function of Statistics

4. What is meant by statistical tools.

THREE MARKS QUESTION : -

1. Define statistics in plural sense. Point out its characteristics.

2. Define statics in singular noun. Discuss various statistics tools.

3.  Explain three function of statistics.

4. Discuss the importance of statistics in economics.

2. COLLECTION OF DATA: -

ONE MARK QUESTION: -

1. What do you mean by  a statistical enquiry?

2. What are the main sources of data?

3. What do you mean by primary data?

4. What is meaning of secondary data?

5. What is meant by Census method ?

What is sampling?

3 or 4  MARKS QUESTION: -

1. What is Primary data? Mention its different methods.

2. What do you mean Direct personal method? Give its merits and demerits.

3. Differentiation between direct personal investigation and indirect personal investigation.

4. Distinguish between census and sampling method.

5. What is random sampling ? What are its merits and demerits.

 6 MARKS QUESTIONS: -

1. Distinguish between primary data and secondary. Which data is most reliable and why?

2. Discuss the published sources of secondary data.

3. Discuss random method of sampling .

4. What do you mean by Questionnaire? What are the qualities of good questionnaire?

3. ORGANISATION OF DATA

ONE MARK QUESTION: -

1. What is meant by classification of data?

2. What is meant by statistical series?

3. What is meant by variable?

4. What is meant by class interval?

5. What is meant by mid - point?

3 or 4   MARKS QUESTION: -

1. State the different methods of classification.

2. Explain the different methods of classification.

3 Distinguish between Inclusive and Exclusive series.

6.  MARKS QUESTIONS: -

1.Define classification. Describe its main objectives.

2. Explain different methods of classification.

3. Briefly discuss the ' inclusive and exclusive' methods of classification.

4.What do you mean by cumulative frequency distribution ?   Explain with the help of an example.

5. TABULAR PRESENTATION: -

1 MARKS QUESTIONS: -

1.  What is meant by tabulation?

2. What is meant by caption and stub ?

3.  what is general purpose table?

3 or 4  MARKS QUESTIONS: -

1.  Discuss the essential of a good table.

2. Distinguish between tabulation and classification.

6 MARKS QUESTIONS: -

1. What is tabulation? Discuss its objectives in brief.

2. Briefly explain the following: -

3.  General purpose and  special purpose table, simple and complex table.

6. DIAGRAMMATIC PRESENTATION

 1 MARK QUESTIONS : -

1. What is diagrammatic presentation?

2. What is meant by one dimensional diagram?

3. What is meant by multiple diagram?

3 or 4 Marks questions: -

1. What is meant by Sub divided bar diagram?

2. Mention three dimensional diagram?

3. What are the difference between sub divided and percentage bar diagram.

6. DIAGRAMMATIC PRESENTATION

1. Describe briefly the general guide lines for construction diagrams.

2. What do you mean by ' Pie diagram' ? Discuss the steps involve in construction it.

3. Discuss the advantages of diagrammatic presentation.

7. GRAPHIC PRESENTATION: -

1 MARK QUESTIONS: -

1. What is graphic presentation ?

2. What is frequency diagram?

3. What is cumulative frequency curve/

3 or 4 MARKS QUESTION: -

1.  Distinguish between histogram and bar diagram.

2. Mention three advantages of graphic presentation.

3. State three objectives of using false line.

6 MARKS QUESTIONS: -

1 Discuss the advantages of graphic presentation.

2. Discuss the limitation of graphic presentation.

3. What is Ogive curve? How is it construction?

4. What is meant by Histogram? Prepare a histogram of the following data: -

  

MARKS	0-10	10-20	20-30	30-40	40-50
No. of Students	30	45	55	60	35

5. Construct a frequency polygon: -

  

No. of Room	1	2	3	4	5	6
No. of House	10	15	20	10	5	4

ARITHMATIC MEAN

1 MARK QUESTION: -

1. Define Central tendency.

2. State on objective of an average.

3. What is weighted arithmetic mean?

3 or 4 Marks Questions: -

1. Explain any four merits and demerits of arithmetic mean.

2. What is meant by weighted  mean? Explain the steps involve in weighted mean.

3. Find the arithmetic mean  from the given data: -

    

Marks	20	30	40	50	60	70
No. of Students	8	12	20	10	6	4

4. Calculate the Average marks  by 1. Direct method, 2. short cut method (iii) Step deviation method: -

Marks	0-5	5-10	10-15	15-20	20-25
N. of students	2	8	6	10	4

CBSE Class 12 Economics Syllabus 2016 – 2017

CBSE Class 12 Economics Syllabus 2016 – 2017

The key contents of the syllabus issued by CBSE for Class 12th Economics are:

Name of the Units and their weightage in Board Exam

Details of topics and sub-topics to be covered in each unit

Prescribed books

Question Paper Design for CBSE Class 12th Economics Board Exam (2016-17)

The complete syllabus is as follows:

Name of the Units and their weightage in Board Exam

Units	Marks	Periods
Part A: Introductory Microeconomics
Introduction	6	11
Consumer’s Equilibrium  and Demand	16	34
Producer Behaviour and Supply	16	34
Forms of Market and Price Determination	12	31
	50	110
Part B: Introductory Macroeconomics
National Income and Related Aggregates	15	32
Money and Banking	8	18
Determination of Income and Employment	12	27
Government Budget and the Economy	8	17
Balance of Payments	7	16
	50	110

Details of topics and sub-topics to be covered in each unit

Part A: Introductory Microeconomics

Unit I: Introduction                                                                          

Meaning of microeconomics and macroeconomics, Positive and Normative 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 II: Consumer’s Equilibrium and Demand

Consumer's equilibrium - meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis. Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium.

Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, 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.

Unit III: Producer Behaviour and Supply

Meaning of Production function - Short-Run and Long-Run Total Product, Average Product and Marginal Product.

Returns to a Factor

Cost: Short run costs - total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationships.

Revenue - total, average and marginal revenue - meaning and their relationships.

Producer's equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost.

Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply: measurement of price elasticity of supply-

(a) percentage-change method and

(b) geometric method.

Unit IV: Forms of Market and Price Determination under Perfect Competition with simple applications

Perfect competition - Features; Determination of market equilibrium and effects of shifts in demand and supply.

Other Market Forms - monopoly, monopolistic competition, oligopoly - their meaning and features.

Simple Applications of Demand and Supply: Price ceiling, price floor.

Part B: Introductory Macroeconomics

Unit 5: National Income and related aggregates

Some basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.

Circular flow of income; Methods of calculating National Income – Value Added or Product method, Expenditure method, Income method.

Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross and Net Domestic Product (GDP and NDP) - at market price, at factor cost; National Disposable Income (gross and net), Private Income, Personal Income and Personal Disposable Income; Real and Nominal GDP.

GDP and Welfare

Unit 6: Money and Banking

Money - its meaning and functions.

Supply of money - Currency held by the public and net demand deposits held by commercial banks.

Money creation by the commercial banking system.

Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker's Bank, Controller of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.

Unit 7: Determination of Income and Employment

Aggregate demand and its components. 

Propensity to consume and propensity to save (average and marginal).

Short–run equilibrium 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, taxes and money supply.

Unit 8: Government Budget and the Economy

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.

Unit 9: Balance of Payments

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.

Prescribed books

1. Introductory Micro Economics, Class XII, NCERT

2. Macro Economics, Class XII, NCERT

3. Supplementary Reading Material in Economics, Class XII, CBSE