Madhya Pradesh Board Economics Syllabus for Class 12


Madhya Pradesh Board Syllabus for Class 12 Economics

Economics syllabus for class XII of 2008-09 session

Time: 3 hours
Maximum Marks: 100

 

Unit

Topics

Contents

Marks

Periods

1

Macro and Micro Economics

(i) Introduction, Importance and Limitations.

 

(ii) Difference between Micro and Macro Economics.

 

(iii) Economics - Central Problems of an Economy-Production Possibility Curve and Opportunity Cost.

5

8

2

Demand and Supply

(i) Consumer's Behavior and Demand - Individual and Market Demand, Determinants of Demand, Demand Schedule and Curve, Expansion and Contraction of Demand, Increase and Decrease of Demand, Elasticity of Demand and methods of measuring Price Elasticity of Demand- percentage and total expenditure method.

(ii) Producer's Behavior and Supply - Market supply, determinants, Supply Table and Curve, Price Elasticity of Supply and its measurement.

(iii) Cost and Revenue - Concept of Costs; short- turn Cost curves (Fixed and Variable Costs) Total Average and Marginal Costs, Concepts of Revenue - Total Average and Marginal Revenue and their relationships.

(iv) Producer's Equilibrium - With the help of Marginal Cost and Marginal Revenue and Total Cost and Total Revenue.

16

25

3

Forms of Market and Price Determination

(i) Forms of market - Perfect competition, Monopoly, Monopolistic competition their meaning and features.

(ii) Price determination under Perfect Competition- Equilibrium Price, Effects of shifts in Demand and Supply.

6

10

4

National Income and Accounting System

(i) National Income - Meaning, Concepts, methods of Computing (Gross Domestic Product, Gross National Product, Net Domestic Product, Net National Product) problem of National Income Accounting in India, causes of low National Income of India and measures for its increase.

(ii) Measurement of National Income -

(a) Value Added Method.
(b) Income Method.
(c) Expenditure Method.

8

14

5

Determination of Income and Employment

(i) Aggregate Demand, Aggregate Supply and their Components.

(ii) Propensity to Consume and Propensity to Save (Average and Marginal)


(iii) Meaning of Involuntary unemployment and full employment.

(iv) Determination of Income and Employment -Two sector model.

(v) Concept of Investment Multiplier, Deficient Demand - Suggestions for improvement.

10

12

6

Money and Banking

(i) (a) Money - Meaning, Money in ancient India, Types of money and importance.

(b) Inflation and deflation - Meaning, causes and measures to control them.


(ii) (a) Evolution of Banking in India, Central Bank (Reserve Bank of India) - Meaning and functions (Current Monetary system)

(b) Commercial and Co-operative Bank- Meaning and functions.

10

12

7

Balance of Payment and Trade

(i) Balance of payment and trade - Meaning, Components of Balance of payment account, Current and Capital Account. Determination of foreign Exchange Rate at Present, Fixed & Flexible exchange rate, Balance of Payment problem (Causes and Remedies).

(ii) National and International Trade- Introduction, Difference, Advantages and Disadvantages and Present State of Both the Trade in India.

7

12

8

Public Finance

(i) Public Finance - Meaning, Importance and Scope (Components) public and private finance, Principal of maximum social advantage.

(ii) Taxation - Meaning, objectives, types, merit, demerits and characteristics.

6

10

9

Government Budget and Economy

(i) Budget - Meaning, Objectives, Components, Budgetary Receipts, Governmental Expenditure, Developmental and Non - developmental Expenditures.

(ii) Types of Budget - Balanced, Surplus and Deficit Budget, Types of Deficits -
Fiscal, Primary and Revenue Deficit.

(iii) One year's example of Budget of each Government of India and Government of Madhya Pradesh.

8

12

10

Statistics

(i). Index Numbers - Meaning, Characteristics Importance and Limitations and Utility.

(ii). Types of Index Numbers - Wholesale Price Index, Weighted Index, Simple
Index, Consumer Price Index, Industrial Production Index, Price Index, Cost of Living Index (Theory and Problems), Fisher's ideal Index Number.

(iii). Measures of Dispersion - Range, Quartile Deviation, Mean Deviation, Standard Deviation and Co-efficient of all Deviation. (range, quartile deviation mean deviation, standard deviation and their coefficients variation.)

(iv). Correlation - Meaning, Types, Importance, Karl Pearson Co-efficient of Correlation and Spearman's Rank Correlation.

24

40

 

Project Work (Only for applied knowledge)

Practical/Applied Knowledge of Banking - Students should be given knowledge of filling and to understand the Banking formets of different types and develop expertise and Album should be prepared and to be get in record.

 

5

 

Revision

 

 

20

 

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