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  • ECONOMICS( XII)

  • (ECONOMICS)

    INTRODUCTORY MICRO ECONOMICSAND

    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

    ByS.A. SIDDIQUI A.S. SIDDIQUI

    Recipient of B.Com (Hons.) AICWAIDistinguished Author Award General Management Programme

    Conferred by IIM-BangaloreFederation of Educational Publishers in India

    New Delhi

  • 113110002

    011 43 53 25 00011 43 53 25 28

    www.laxmipublications.cominfo@laxmipublications.com

    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 C15039/07/12

  • 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),

    (Meaningand 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) 20Numerical Problems

    with Solution

    (xv) CBSE Model Test Papers

    (vi)

  • (vii)

    SYLLABUS

    CLASS XIIPaper 1 3 Hours 100 Marks

    Units Periods Marks

    Part A : Introductory Micro Economics1. Introduction 10 42. Consumer Behaviour and Demand 25 133. Producer Behaviour and Supply 37 234. Forms of Market and Price Determination 20 105. Simple applications of tools of demand and supply 12 -

    104 50Part B : Introductory Macro Economics

    6. National Income and Related Aggregates 30 157. Determination of Income and Employment 25 128. Money and Banking 18 89. Government Budget and the Economy 17 8

    10. Balance of Payments 14 7

    104 50

    PART A : INTRODUCTORY MICRO ECONOMICS

    Unit 1: Introduction 10 PeriodsWhat is Micro Economics?Central Problems of an economy, production possibility curve and opportunity cost

    Unit 2 : Consumer Behaviour and Demand 25 PeriodsConsumers Equilibrium-meaning and attainment of equilibrium through Utility Approach : One andtwo commodity cases.Demand, market demand, determinants of demand, demand schedule, demand curve, movement alongand 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 PeriodsProduction function : Returns of factor and Returns of scaleSupply, market supply, determinants of supply, supply schedule, supply curve movement along andshifts in supply curve, price elasticity of supply, measurement of price elasticity of supply-percentageand geometric method.

  • Cost and Revenue : Short run costs-Total cost, Total variable cost, Total Fixed cost ; Average Fixedcost, Average Variable cost and Marginal cost-meaning and their relationship. Revenue-total, averageand marginal revenue-Producers equilibrium-Meaning and its conditions in terms of total cost andtotal revenue.

    Unit 4 : Forms of Market and Price Determination 20 PeriodsForms of Market - Perfect competition, Monopoly, Monopolistic competition - their meaning and features.Price determination under perfect competition - Equilibrium price, effects of shifts in demand andsupply.

    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 PeriodsMacro Economics : Meaning.Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor cost), NationalDisposable 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 PeriodsAggregate 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 modelConcept of investment multiplier and its workingProblems 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 PeriodsMoney - meaning, evolution and functions.Central bank - meaning and functions.Commercial banks - meaning and functions.

    Unit 9 : Government Budget and the Economy 17 PeriodsGovernment budget - meaning and its componentsObjectives of government budgetClassification or receipts - revenue and capital; classification or expenditure - revenue and capital, planand non-plan, and developmental and non-developmental. Balanced budget, surplus budget and deficitbudget : meaning and implications. Revenue deficit, fiscal deficit and primary deficit : meaning andimplications; measures to contain different deficits.

    Unit 10 : Balance of Payments 14 PeriodsForeign exchange rate - meaning (Fixed and Flexible), merits and demerits; Determination throughdemand and supplyBalance of payments account-meaning of components

    (viii)

  • (ix)

    Preface (v) (vi)Syllabus (vii) (viii)

    PARTA

    (INTRODUCTORY MICRO ECONOMICS)

    (IntroductionWhat Economics is all about?)

    NCERT Assignment

    (Central Problems)

    NCERTAssignment

    (Consumer Behaviour)

    NCERT Assignment

    (Theory of Demand)

    NCERTAssignment

    (Elasticity of Demand)

    NCERTAssignment

  • (x)

    (Production FunctionReturns to Factor and Scale)

    NCERTAssignment

    (Supply and Elasticity of Supply)

    Assignment

    (Cost, Revenue and Producers Equilibrium)(AC)

    (MC)

    NCERTAssignment

    (Forms of Market)

    NCERTAssignment

    (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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