Madhya Pradesh Board Business Economics Syllabus for Class 12


Madhya Pradesh Board Syllabus for Class 12 Business Economics

Business Economics syllabus for class XII of 2008-09 session

Time: 3 hours
Maximum Marks: 100

 

 

Unit

Title

Content

Marks

Periods

1

Economy

Micro and Macro analysis, meaning and difference.

5

8

2

Determination of Income and Employment in Economy

Aggregate demand and aggregate supply and their components, propensity to consume and save marginal and average; determination of income and employment; employment - full employment and under employment, problem of excess and deficient demand and their remediation, credit expansion and govt. expenditure.

10

16

3

Money and Banking

Money - meaning and functions; supply of money - meaning ; central and commercial Bank - meaning and functions.

5

8

4

Economy and Government Budget

Budget - meaning, objectives and components; Budgetary receipts - capital and revenue; Government Expenditure, Revenue plan and non plan, developmental and non development, Balanced Budget, Deficit Budget and Surplus Budget - meaning and effects.

10

16

5

Balance of Payment

Meaning and importance; Foreign Exchange Rates meaning and computation, Balance of payment and causes of adverse balance of Payments

10

16

6

Exchange and Market

Meaning, characteristics and types; Barter system - meaning, difficulties, merits and demerits and utility in present conditions.

Market :- Meaning, Characteristics, types, very short period, short period, long period and very long period market. Factors affecting expansion of market.

Competition :- Meaning, types - perfect and imperfect, monopoly – meaning, definition ; Price determination. Market Price and normal Price

10

16

7

Distribution

Meaning, definition and recipient, components;

Rent - meaning and definition, Ricardian theory of Rent, Economic Rent, Contract Rent, Quasi rent.

Wages - meaning, definition, Real and Nominal wages, factors determining real wages; woman and child labor. Interest - Meaning, definition, Gross and Net Interest, determinants of Rate of Interest.

Profit - Meaning, definition, Gross and Net Profit

10

16

8

Public Finance

Meaning, definition, theories, direct and indirect tax, characteristics of a good tax system, Tax evasion-causes and remedies.

10

16

9

Indian Industry

Cash and Commercial crops of India and Industrialization of agriculture (general introduction); Principal Industries - Textile, Jute, Paper, Iron steel industry and medicinal plant cultivation

10

16

10

Statistics in Economics

Meaning, scope and use of statistics in economic analysis, data collection - primary and secondary data; measures of central tendency- Averages (Simple and weighted) Index Numbers - meaning, types and consumer price index

10

16

11

Concepts of National Income

Meaning, importance, Basic concepts - GDP, GNP, NDP, NNP (on market price and on factor cost), Private income, Personal income and Personal disposable income. Estimation of National Income – Production, Income and expenditure methods.

10

16

 

Revision

 

 

20

 

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