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12th Standard Economics English Medium Chapters / Lessons 2024-2025


Introduction to Macro Economics
National Income
Theories of Employment and Income
Consumption and Investment Functions
Monetary Economics
Banking
International Economics
International Economic Organisations
Fiscal Economics
Environmental Economics
Economics of Development and Planning
Introduction to Statistical Methods and Econometrics

12th Standard Economics English Medium Chapters / Lessons 2024-2025 Syllabus

Introduction to Macro Economics

Introduction - Meaning of Macro Economics - Importance of Macro Economics - Scope of Macro Economics - Limitations - Economy and its Types - Economic Systems - Concepts of Macro Economics - Circular flow of Income

National Income

Introduction - Meaning of National Income - Definitions - Basic Concepts of National Income - Methods of Measuring National Income - Importance of National Income Analysis - Difficulties in Measuring National Income - National Income and Social Accounting

Theories of Employment and Income

Introduction - Meaning of Full Employment - Unemployment and its types - Classical Theory of Employment - Keynes Theory of Employment and Income - Effective Demand - Comparison of Classicism and Keynesianism

Consumption and Investment Functions

Introduction - Consumption Function - Investment Function - Multiplier - The Accelerator Principle - Super Multiplier: (K and \(\beta \) interaction)

Monetary Economics

Introduction - Money - Supply of Money - Quantity Theories of Money - Inflation - Meaning of Deflation, Disinflation and Stagflation - Trade Cycle

Banking

Introduction - Historical Development - Commercial Banks - Non-Banking Financial Institution (NBFI) - Central Bank - The Agricultural Refinance Development Corporation (ARDC) - Regional Rural Banks (RRBs) - NABARD and its role in Agricultural Credit - Reserve Bank of India and Industrial Finance - Monetary Policy - Recent Advancements in Banking Sector - Money Market - Capital Market - Demonetisation

International Economics

Introduction - Meaning of International Economics - Subject matter of International Economics - Meaning of Trade - Theories of International Trade - Gains from International Trade - Terms of Trade - Balance of Trade Vs Balance of Payment - Exchange Rate - Foreign Direct Investment (FDI) and Trade

International Economic Organisations

Introduction - International Monetary Fund - International Bank for Reconstruction and Development (IBRD) or World Bank - World Trade Organization - Trade Blocks - South Asia Association for Regional Cooperation (SAARC) - Association of South East Asian Nations (ASEAN) - BRICS 

Fiscal Economics

Introduction - Meaning of Public Finance - Definition - Subject Matter / Scope of public finance - Public finance and Private finance - Function of Modern State - Public Expenditure - Public Revenue - Introduction - Tax Revenue - Public Debt - Budgets - Federal finance - Local finance - Fiscal Policy

Environmental Economics

Introduction - Meaning of Environment - Eco System - Linkage between Economy and Environment - Environmental Goods - Environmental Quality - Pollution - Global Warming - Climate Change - Acid Rain - e-Wastes - Sustainable Development - Green Initiatives - Organic Farming - Tree Plantation - Seed Ball

Economics of Development and Planning

Meaning of Development and under development - Economic Growth Vs Economic Development - Measurement of Economic Development - Determinants of Economic Development - Economic and Non-Economic Factors - Vicious Circle of Poverty - Planning - Types of Planning - NlTI Aayog

Introduction to Statistical Methods and Econometrics

Etymology and milestones of Statistics in Global Level - Evolution of Statistics in India - Definition of Statistics - Characteristics and Functions of Statistics - Nature of Statistics - Scope of Statistics - Limitations of Statistics - Types of Statistics - Data - Arithmetic Mean or Mean (X) - Standard Deviation (\(\sigma\)) - Correlation (Y) - Regression - Introduction to Econometrics - Official Statistics

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12th Standard Economics English Medium Chapters / Lessons 2024-2025

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