Class 12 Economics provides a wide range of concepts and an advanced information regarding the subject which includes all the questions provided in the Economics syllabus.
Economics concentrates on how governments, business, households, societies and individuals make choices about when, where and how to use their natural resources at its best. It is a study that deals with many abstract and ideal blueprints to study the action and foretell how institutions will acknowledge to given changes in fiscal policies and market conditions among other factors.
Economics for class 12 is an enhanced level of class 11. In class 11 we had studied the basic fundamental aspects of the subject. And, in class 12 it is a progressed degree of concepts.
Class 12 Economics Syllabus
Class 12 Economics, chapter wise is given below. It is classified into two categories.
Namely : Microeconomics and Macroeconomics.
|Equilibrium, Excess Demand, Excess Supply|
|Market Equilibrium: Fixed Number of Firms|
|Market Equilibrium: Free Entry and Exit|
|DETERMINATION OF INCOME AND EMPLOYMENT|
|Aggregate Demand and its Components|
|Determination of Income in Two-sector Model|
|Determination of Equilibrium Income in the Short Run|
|Macroeconomic equilibrium with price level fixed|
|Effect of an autonomous change in aggregate demand on income and output|
|The Multiplier Mechanism|
|Some More Concepts|
|GOVERNMENT BUDGET AND THE ECONOMY|
|Government Budget – Meaning and its Components|
|Objectives of Government Budget|
|Classification of Receipts|
|Classification of Expenditure|
|Balanced, Surplus and Deficit Budget|
|Measures of Government Deficit|
|OPEN ECONOMY MACROECONOMICS|
|The Balance of Payments|
|Balance of Payments Surplus and Deficit|
|The Foreign Exchange Market|
|Determination of the Exchange Rate|
|Merits and Demerits of Flexible and Fixed Exchange Rate Systems|
Class 12 Economics provides a broad degree of illustrative examples; which helps the students to comprehend and learn quickly. The above mentioned is the syllabus for class 12 Economics. For more solutions and study materials of class 12 Economics visit BYJU’S or download the app for more information and the best learning experience.