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Hello Mr. AdarshCould you please Show

the Syllabus Contents for

Economics Class XII


Chapter Chapter Name Total Classes

Part A: Introductory Microeconomics

Chapter: 01 Introduction 03

Chapter: 02 Consumer’s Equilibrium 04

Chapter: 03 Demand and Law of Demand 04

Chapter: 04 Elasticity of Demand 02

Chapter: 05 Production Function 02

Chapter: 06 Cost 02

Chapter: 07 Revenue 01

Chapter: 08 Producer Equilibrium 02

Chapter: 09 Supply and Elasticity of Demand 04

Chapter: 10 Main Forms of Market 02

Class 12th- Economics



Chapter: 11 Price Determination with simple application (Equilibrium under

Perfect Competition) 02

Part B: Introductory Macroeconomics

Chapter: 01 Circular Flow of income 02

Chapter: 02 Basic Concepts of Macroeconomics 05

Chapter: 03 National Income and Related Aggregates 14

Chapter: 04 Measurement of National Income 02

Chapter: 05 Money 02

Chapter: 06 Banking - Commercial Banks and Central Bank 03

Chapter: 07 Aggregate Demand and Related Concepts 06

Chapter: 08 Income Determination and Multiplier 03



Chapter: 09 Excess Demand and Deficient Demand 03

Chapter: 10 Government Budget and the Economy 03

Chapter: 11 Foreign Exchange Rate 04

Chapter: 12 Balance of Payments 02


Ok.. Mr. Vijay Adarsh

Can you please explain

the detailed topics covered

in each Class…


Chapter: 01 Introduction

Class: 01

- Economic Activities- Non Economic Activities- What is Economics- Scarcity- What is Economics Problem- Why Economic Problem Arise- Difference Between Micro and Macro Economics

Class: 02

- Central Problem- Production Possibility Curve- Assumption of PPC- Characteristics of PPC- Shifting or Rotation of PPC

Class: 03- Positive Economic Analysis- Normative Economics Analysis- Difference between Centrally Planned Economics and Market Economics


Part A: Introductory Microeconomics

Chapter: 02 Consumer’s Equilibrium

Class: 01

- What is Utility- Initial Utility- Total and Marginal Utility- Consumer Equilibrium- Assumption of Consumer Equilibrium- Consumer Equilibrium in Single Commodity

Class: 02

- Consumer Equilibrium in Single Commodity- Consumer Equilibrium in More than One Commodity- Indifference Curve- Indifference Schedule- Indifference Map- Budget Line

Class: 03- Budget Line- Properties of Indifference Curve- Shifting of Budget Line


Class: 04- Shifting of Budget Line- Consumer Equilibrium- Conditions for Consumer Equilibrium


Chapter: 03 Demand and Law of Demand

Class: 01- What is Demand- Determinants of Demand- Detailed Explanation of Factors affecting Demand

Class: 02

- Price Demand & Income Demand- Cross Demand & Law of Demand- Demand Schedule and Curves- Individual Demand Schedule and Curve- Market Demand Schedule and Curve

Class: 03 - Why does Demand Curve Slopes Downward- Exceptions to the Law of Demand

Class: 04

- Extension and Contraction in Demand- Increase and Decrease in Demand- Movement along the Demand Curve- Shift in Demand Curve- Reason of Shift in Demand Curve


Chapter: 04 Elasticity of Demand

Class: 01

- Price Elasticity- Income Elasticity- Cross Elasticity- Type of Price Elasticity of Demand- Factors Affecting Elasticity of Demand

Class: 02

- Factors Affecting Elasticity of Demand- Methods of Measuring Elasticity of Demand- Percentage Method- Total Expenditure Method- Geometrical Method in Case of Linear and Non Linear Demand Curve- Difference Between Law of Demand and Elasticity of Demand- Importance of Elasticity of Demand

Class: 03 - Practical Problems and Solutions


Chapter: 05 Production Function

Class: 01

- Production Function- Factors of Production- Time Period- Difference Between Short Run and Long Run- Total Product- Average Product- Marginal Product- Practical Problems and Solutions

Class: 02- Law of Variable Proportion- Marshall Viewpoint- Return to Factor


Chapter: 06 Cost

Class: 01

- Concept of Cost- Total Cost, Average Cost and Marginal Cost- Relationship between TC, TFC and TVC- Types of Cost

Class: 02

- Relationship between Fixed Cost and Variable Cost- Relationship between AC and MC- AC, MC, AVC, AFC Curves- Long run Cost Curves- Practical Problems and Solutions


Chapter: 07 Revenue

Class: 01

- Revenue- Total Revenue, Average Revenue and Marginal Revenue- Relationship between TR, AR and MR- Relationship between Revenue and Elasticity of Demand- AR and MR Curves in Different Market Forms- Practical Problems and Solutions


Chapter: 08 Producer Equilibrium

Class: 01

- Producer Equilibrium- Condition for Producer Equilibrium- MC and MR Approach for Producer Equilibrium- Producer Equilibrium in Perfect Competition- Short Run Equilibrium in Perfect Competition- Long Run Equilibrium in Perfect Competition

Class: 02

- Short Run Equilibrium in Perfect Competition- Long Run Equilibrium in Perfect Competition- Producer Equilibrium in Monopoly and monopolistic Competition- Practical Problems and Solutions


Chapter: 09 Supply and Elasticity of Demand

Class: 01

- Supply- Supply and Stock- Factor Affecting Supply- Law of Supply- Supply Curve- Supply Schedule- Individual Supply Curve- Market Supply Schedule- Market Supply Curve

Class: 02

- Market Supply Curve- Why does Supply Curve Slopes Upward- Exception to the Law of Supply- Extension and Contraction in Supply


Class: 03

- Extension and Contraction in Supply- Increase and Decrease in Supply- Movement along the Supply Curve- Shift of Supply Curve- Elasticity of Supply- What is elasticity of Supply- Types of Elasticity of Supply

Class: 04

- Method of Measuring Elasticity of Supply- Percentage Method of Measuring Elasticity of Demand- Point Method or Graphical Method for Measuring Elasticity of Demand- Factors affecting Elasticity of Supply

Class: 05 - Practical Problems and Solutions


Chapter: 10 Main Forms of Market

Class: 01

- Market- Features of Market- Types of Market- Perfect Competition- Monopoly- Monopolistic Competition- Oligopoly- Demand Curve of Perfect Competition- Demand Curve of Monopoly- Demand Curve of Monopolistic Competition- Difference Between Perfect Competition, Monopoly, Monopolistic Competition andOligopoly


Chapter: 11 Equilibrium under Perfect Competition

Class: 01

- Equilibrium- Effect of Change in Demand on Equilibrium- Effect of Change in Demand on Equilibrium- Effect of Change in Demand and Supply on Equilibrium- Detailed Explanation with Diagrams

Class: 02

- Effect of Change in Demand on Equilibrium- Effect of Change in Demand on Equilibrium- Effect of Change in Demand and Supply on Equilibrium- Detailed Explanation with Diagrams- Industry is the Price Maker and Firm is the Price Taker


Chapter: 01 Circular Flow of income

Class: 01

- Golden Concepts- Relationship between DI and NI- Relationship between Net and Gross- Relationship between FC and MP- Relationship between VO and VA- Golden Example

Class: 02

- Golden Concepts- Golden Examples- Practical Problems and Solutions- Value of Output


Part B: Introductory Macroeconomics

Chapter: 01 Basic Concepts of Macroeconomics

Class: 01

- Domestic Territory- Domestic Territory Includes- Domestic Territory does not include- Normal Residents

Class: 02 - Normal Residents- Normal Residents does not include

Class: 03

- Normal Residents- Normal Residents does not include- Factor Income- Transfer Income

Class: 04

- Factor Income- Transfer Income- Final Goods- Intermediate Goods


Class: 05

- Final Goods- Intermediate Goods- Classification of Final Goods- Consumption Goods- Capital Goods- Depreciation- Net Indirect Tax- Subsidies- Net Factor Income- Market Price- NFIA


Chapter: 03 National Income and Related Aggregates

Class: 01

- Golden Concepts- Relationship between DI and NI- Relationship between Net and Gross- Relationship between FC and MP- Relationship between VO and VA- Golden Example

Class: 02

- Golden Concepts- Golden Examples- Practical Problems and Solutions- Value of Output

Class: 03- Value Added- Profit- Compensation of Employees


Class: 04- Value of Output- Value Added- Practical Problems and Solutions

Class: 05- Value of Output- Value Added- Practical Problems and Solutions

Class: 06

- Operating Surplus- National Income- Income Method- Production Method- Expenditure Method

Class: 07

- Operating Surplus- National Income- Income Method- Production Method- Expenditure Method- Practical Problems and Solutions


Class: 08- Income Method- Production Method- Practical Problems and Solutions

Class: 09

- Income Method- Production Method- Expenditure Method- Practical Problems and Solutions

Class: 10

Private Income- Personal Income- Personal Disposable Income- National Disposable Income

Class: 11

- - Private Income- Personal Income- Personal Disposable Income- National Disposable Income- Practical Problems and Solutions


Class: 12

- Private Income- Personal Income- Personal Disposable Income- National Disposable Income- Practical Problems and Solutions

Class: 13

- Factor Income- Transfer Income- Circular Flow- Real Flow and Money- Money Flow in Two Sector- Money Flow in Three Sector

Class: 14

- Money Flow in Three Sector- Money Flow in Four Sector- Difference between Stock and Flow- National Income &- Domestic Income- Difference between NI and DI- National Income at Current Prices and Constant Prices


Chapter: 04 Measurement of National Income

Class: 01- Measurement of National Income- Value Added Method- Precautions in Value Added Method

Class: 02

- Measurement of National Income- Income Method- Precautions in Income Method- Expenditure Method- Precautions in Expenditure Method- Ideal Method


Chapter: 05 Money

Class: 01

- Barter Exchange- Difficulties of Barter System- Evolution of Money- Meaning of Money- Functions of Money- Characteristics or Nature of Money

Class: 02

- Meaning of Money Supply- Concept of Money Supply- Near Money- Measurement of Money Supply- Difference Between Money and Near Money


Chapter: 06 Banking - Commercial Banks and Central Bank

Class: 01

- Near Money- Meaning of Bank- Commercial Bank- Functions of Commercial Bank- Difference between Demand Deposit and Fixed Deposit- Advantage of Commercial Banks

Class: 02- Advantage of Banks- Process of Credit Creation- Explanation of Credit Creation

Class: 03

- Central Bank- Difference Between Central Bank and Commercial Bank- Functions of Central Bank- Credit Control- Quantitative Measure- Qualitative Measure


Chapter: 07 Aggregate Demand and Related Concepts

Class: 01

- Aggregate Demand- Components of Aggregate Demand- Aggregate Supply- Component of Aggregate Supply

Class: 02

- Consumption Expenditure- Consumption Function- Keyne’s Psychological Law of Consumption- Graphical Presentation of Consumption Function- Average Propensity to Consume- Marginal Propensity to Consume

Class: 03

- Features of APC- Features of MPC- Saving Function- Equation of Saving Function


Class: 03

- Graphical Presentation of Saving Function- Average Propensity to Save- Features of APS- Marginal Propensity to Save- Features of MPS

Class: 04

- Relationship between MPC and MPS- Relationship between APC and APS- Factors Determining Propensity to Consume and Save- Investment- Induced Investment- Autonomous Investment

Class: 05

- Diagrammatic Derivation of Saving and Consumption Function- Determinants of Investment Demand- Marginal Efficiency of Investment- Investment Multiplier


Class: 06 - Investment Multiplier- Practical Problems and Solutions



Chapter: 08 Aggregate Demand and Related Concepts

Class: 01- Determination of Equilibrium Level of Income, Output and Employment- Consumption and Investment Approach- Detailed Explanation of Diagrams

Class: 02

- Determination of Equilibrium Level of Income, Output and Employment- Consumption and Investment Approach- Saving and Investment Approach- Ex-ante Saving- Exe-ante Investment- Exe-post Saving- Ex-post Investment

Class: 03- Determination of Equilibrium Level of Income, Output and Employment- Adjustment Mechanism when Saving is not Equal to Investment- Equilibrium Level of Income with both AD, AS and S, I Approach

Chapter: 09 Excess Demand and Deficient Demand

Class: 01

- Excess Demand- Inflationary Gap- Effects of Excess Demand- Deficient Demand- Deflationary Gap- Effects of Deficient Demand

Class: 02

- Difference between Excess Demand and Deficient Demand- Types of Policy Measure- Fiscal Policy & Monetary Policy- Quantitative Measure

Class: 03

- Measure to Correct Excess DemandMonetary Measure & Fiscal Policy Measure

- Measure to Correct Deficient DemandMonetary MeasureFiscal Policy Measure


Chapter: 10 Government Budget and the Economy

Class: 01

- Meaning of Budget- Government Budget- Objective of Budget- Components of Government Budget- Difference between Revenue Receipts and Capital Receipts- Components of Budget Expenditure

Class: 02

- Plan Expenditure and Non Plan Expenditure- Balanced, Surplus and Deficit Budget- Measure of Government Deficits- Revenue Deficit, Fiscal Deficit- Measure to Correct Different Deficit

Class: 03

- Kinds of Taxes- Direct and Indirect Taxes- Proportional, Progressive and Regressive Taxes- Specific and Advalorem Taxes- Different between Direct and Indirect Tax


Chapter: 11 Foreign Exchange Rate

Class: 01

- Foreign Exchange Rate- Types of Exchange Rate- Fixed Exchange Rate System- Flexible Exchange Rate System

Class: 02

- Types of Exchange Rate- Fixed Exchange Rate System- Flexible Exchange Rate System- Merit and Demerits- Determination of Foreign Exchange Rate- Demand of Foreign Exchange- Supply of Foreign Exchange

Class: 03

- Determination of Foreign Exchange Rete- Demand of Foreign Exchange- Supply of Foreign Exchange- Equilibrium Rate of Exchange- Depreciation of Domestic Currency


Class: 04

- Appreciation of Domestic Currency- Foreign Exchange Market- Functions of Foreign Exchange Market- Hedging- Operation of Foreign Exchange Market


Chapter: 12 Balance of Payments

Class: 01

- Hedging- Balance of Trade- Types of Balance of Payment- Balance of Payment- Features of Balance of Payment- Difference between BOP and BOT

Class: 02

- Current Account- Capital Account- Items of Current Account- Difference between Autonomous and Accommodating Items- Disequilibrium in BOP- Causes of Disequilibrium in BOP- Effect of Disequilibrium in BOP


OK.. Vijay Sir

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