Syllabus: Class XII: Economics: 2014-15
01/04/2014
To
05/04/2014
PART A :- Introductory Micro-Economics
21/04/2014
To
26/04/2014
UNIT - 1 : Introduction
Meaning of Micro-Economics and Macro-Economics, what is an Economy?
Central problems of an economy: what, how and for whom to produce;
concepts of production possibility frontier and Opportunity cost.
UNIT-2 : Consumer’s equilibrium and demand
Consumer’s Equilibrium - Meaning of utility, Marginal utility, Law of
diminishing marginal utility, conditions of consumer’s equilibrium using
marginal Utility analysis.
UNIT - 2: Indifference curve analysis of consumer’s equilibrium – the
consumer’s budget (budget set and budget line), preferences of the consumer
(indifference curve, indifference map) and Conditions of consumer’s
equilibrium.
UNIT-2 Demand, Market Demand, Determinants of demand, Demand
Schedule, Demand Curve, Movement along and shifts in the demand curve;
price elasticity of demand - factors affecting Price elasticity of demand.
28/04/2014
To
03/05/2014
UNIT-2 Measurement of price elasticity of demand - (a) percentage - change
method, (b) geometric method (linear demand curve); Relationship between
Price Elasticity of Demand and Total Expenditure.
05/05/2014
To
UNIT :3 Producer Behaviour and Supply
Production function: Total Product, Average Product and marginal product.
Returns to a factor. Cost and Revenue: Short run Costs- Total cost, total fixed
cost, total variable cost, average fixed cost, average variable cost and marginal
cost - Meaning and their relationship.
07/04/2014
To
11/04/2014
14/04/2014
To
19/04/2014
09/05/2014
11/05/2014
To
30/06/2014
01/07/2014
To
05/07/2014
Summer vacation
07/07/2014
To
11/07/2014
UNIT-3 Supply, market supply, determinants of supply, supply schedule, supply
curve, Movements along and shifts in supply curve, Price elasticity of supply.
14/07/2014
To
UNIT-3 Measurement of price elasticity of supply A) Percentage-Change
method B) Geometric method
UNIT-3 Revenue- total, average and marginal revenue. Producer‘s equilibrium meaning and its conditions in terms of marginal revenue: marginal cost
19/07/2014
21/07/2014
To
26/07/2014
28/07/2014
To
02/08/2014
UNIT-4 Forms of Market and Price Determination under Perfect Competition
with Simple Applications
Perfect competition- Features, Determination of market equilibrium and
effects of shifts in demand and supply.
UNIT-4:- Other market forms - monopoly, monopolistic competition, oligopoly
- their meaning and features
04/08/2014
To
08/08/2014
UNIT-4-Simple applications of tools of demand and supply: Price Ceiling, Price
Floor
11/08/2014
To
PART B: Introductory Macro-economics
16/08/2014
19/08/2014
To
23/08/2014
Unit-5 National Income And Related Aggregates
Some basic concepts: consumption goods, capital goods, final goods,
Intermediate goods, stocks and flows, gross investment & depreciation,
circular flow of income.
UNIT-5- Methods of calculating National Income: value added or product
method. Methods of calculating national income – Expenditure Method,
Income Method.
25/08/2014
To
30/08/2014
UNIT-5 Aggregates related to National Income: Gross National Product (GNP),
Net National Product (NNP), Gross and Net Domestic Product (GDP and NDP)
at market price, and at factor cost.
01/09/2014
To
06/09/2014
UNIT-5 National Disposable Income (gross and net), Private Income, Personal
Income and Personal Disposable Income, Real and Nominal GDP, GDP and
welfare.
Summative Assessment-I
22/09/2014
UNIT - 6: Money and Banking
To 27/09/2014 Money - its meaning and functions. Supply of money - currency held by the
public and net demand deposits held by commercial banks, money creation by
the commercial banking system.
04/10/2014
Central bank and its functions (example of reserve bank of India): Bank of
To 10/10/2014 issue, Govt. Bank. Banker’s Bank, Controller of Credit through CRR, SLR,
Reserve Repo Open Market Operations and Margin Requirement.
13/10/2014
UNIT - 7 Determination of income and employment
To 18/10/2014 Aggregate demand and its components, Propensity to consume, propensity
to save (Average and marginal). Short-run equilibrium Output.
20/10/2014
UNIT - 7:- Investment Multiplier and its mechanism, meaning of full
To 25/10/2014 employment and involuntary unemployment.
YUVA Session 3.5-Meditation and Pre Examination Stress!
27/10/2014
UNIT - 7:-Problem of Excess demand and deficient demand; Measures to
To 01/11/2014 correct them - change in government spending, Availability of credit.
03/11/2014
UNIT - 8: Government budget and the economy
To 07/11/2014 Govt. Budget-Meaning, objectives and components, classification of receipts revenue receipts and capital receipts;
10/11/2014
UNIT - 8-Classification of expenditure- revenue expenditure and capital
To 15/11/2014 expenditure. Measures of Govt. deficit: Revenue deficit, fiscal deficit, Primary
deficit, their meaning.
17/11/2014
UNIT - 9: Balance Of Payments
To 22/11/2014 Balance of payment account: Meaning and components. Balance of payment
deficit - meaning. Foreign exchange rate - meaning of fixed and flexible rates,
managed floating, Determination of exchange rate in a free market.
24/11/2014
YUVA Session - 3.2 Choice not chance determines Destiny!
To 29/11/2014
01/12/2014
UNIT: 1 - 3 Revision-Block teaching from supporting material and sample
To 06/12/2014 papers.
08/12/2014
UNIT: 4 - 6 Revision: Block teaching from supporting material and sample
To 12/12/2014 papers.
15/12/2014
UNIT: 7 - 9
To 20/12/2014 Revision: Block teaching from support material and sample papers.
22/12/2014
Revision
To 24/12/2014
25/12/2014
Winter Break
TO
15/01/2015
16/01/2015
Pre-board exam - 2015
To 31/01/2015
02/02/2015
Discussion of Q. Paper. Showing of Answer sheets. Model test Solutions &
To 07/02/2015 result.
09/02/2015
UNIT: 1 - 5 Revision from sample papers, board papers etc.
To 13/02/2015
16/02/2015
UNITS: 6 - 9
Revision from CBSE sample papers and Board papers etc.
To 22/02/2015
23/02/2015
PREPARATION DAYS.
To 28/02/2015
March 2015
BOARD EXAM - 2015