NCERT Economics Class 12 [MP Board]

Book excerpt: PART A : INTRODUCTORY MICRO ECONOMICS 1. Micro Economics : An Introduction, 2. Economy and its Central Problems, 3. Consumer’s Equilibrium (Utility Analysis and Indifference Curve Analysis), 4. Demand and Law of Demand, 5. Price Elasticity of Demand, 6. Production Function: Returns to a Factor and Returns to Scale, 7. Production Costs, 8. Concepts of Revenue, 9. Producer’s Equilibrium : Meaning and Conditions, 10. Supply and Law of Supply, 11. Elasticity of Supply, 12. Different Forms of Market : Meaning and Features [Dropped Topic : Non-Competitive Markets, 13. Market Equilibrium Under Perfect Competition and Effect of Shifts in Demand & Supply, 14. Simple Applications ofTools of Demand and Supply, PART B : INTRODUCTORY MACRO ECONOMICS 15. Macro Economics : Meaning, 16. Circular Flow of Income, 17. Concepts and Aggregates related to National Income, 18. Measurement of National Income, 19. Money : Meaning, Evolution and Functions, 20. Commercial Banking System and Credit Creation, 21. Central Bank : Meaning and Functions, 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation, 23. Aggregate Demand, Aggregate Supply and Related Concepts (Propensity to Consume, Propensity to Save and Investment), 24. Short Run Equilibrium Output, 25. Investment Multiplier and its Mechanism, 26. Problems of Deficient and Excess Demand, 27. Measures to Correct Deficient and Excess Demand, 28. Government Budget and Economy, 29. Foreign Exchange Rate, 30. Balance of Payments Account : Meaning and Components. l Board Examination Papers.