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Gujarat Board Economics Syllabus for Class 12

Board Sample Paper Gujarat Board Economics Syllabus for Class 12

Standard : 12 PART - 1 (1) Micro Economies (1) Economic Problem. Nature causes m Emergence of economic activities. Their Meaning & illustrations [nature of the problems of scarcity & Abundance (of means) (2) Definitions of Economics. 1.Ideology of the eastern areas 2.Views of kautilaya 3.Ideology of the Western Areas 4.Adam Smith, Marshall Robbins. 5.Over & above the definitions acclaimed Universally. 2.1. Consumer behaviour & Demand. Consumer Equlliriurn Meaning (Maximum Satisfaction) Views of Marshall Views of Prof. Hick Marshall - Marginal Utility - Diminishing Marginal - Dimishing Marginal - rate of returns. - Utility & Price . - Equi marginal Utility. equilibrium 2. Demand 1.Meaning - kind - determinant factors - Individual demand & market demand. Law of demand - demand schedule 2.Explanation through Downward falling DD Curve. 3.Exceptions to the law of Demand m increase & Decrease (with a comparison of Expansion & contraction demand Expan. & contract of D.D. (in relation to price.) 3. Elasticity of Demand - Meaning Price elasticity of DID. Income Elasticity of DD. Unitary Elasticity of DD. Methods of measuring price elasticity of DD. a) Percentage Method. b) Total Expenditure Method. c) Geometric Method. (illustration based Explanation)

CBSE Board Class 11 Physics 2011 CBSE Board Class 11 Physics 2010 Tamilnadu Board Class 10 Math Sample Paper Of 2011 CBSE Board Class 10 English Elective 2008 CBSE Board Class 9 Social Science 2005 Gujarat Board Class 10 English Core 2007 Andhra Pradesh Board Class 12 Chemistry 2007 CBSE Board Class 12 Computer Science 2008 Tamilnadu Board Class 10 Physics Sample Paper Of 2011 CBSE Board Class 10 Business Studies 2011 Previous Year Paper

CBSE Board Class 10 Social Science 2009 1.Equilibrium of Production - Meaning (maximum Profit) 2.Meaning of supply - kind - Individual firm supply & Market supply. CBSE Board Class 10 3.Factors determining supply. English Core 2007 (2) Law of supply. CBSE Board Class 10 1.Supply Schedule m Upward rising SS curve - limitations. 2.Expansion & Contraction of SS & Increase & Decrease of SS. (In relation to the price & other factors) Social Science 2010 3.Methods of measuring price Elasticity of SS. a) Percentage Method CBSE Board Class 11 b) Geometric Method c) Total Income (revenue) Method Functional English 2008 (3) Concept of production Cost. 1.Real Cost CBSE Board Class 12 2.Alternative Cost 3.Financial Cost Home Science 2009 4.Classification of costs based on time factor. CBSE Board Class 9 SHORT RUN COST Math 2011 LONG RUN COST In SHORT RUN COST the inter relationship between FIXED COST, VARIABLE COST, TOTAL COST, AVERAGE COST, CBSE Board Class 10 MARGINAL COST. Social Science 2011 (4) CONCEPT OF REVENUE CBSE Board Class 11 The Concept of TOTAL Revenue, AVERAGE Revenue, MARGINAL Revenue, & their Inter Relationship. Political Science 2009 Nature of Market & Price determination. - Meaning of market m kinds m classification of Market. Limitations. CBSE Board Class 10 Math 2011 Kinds of Market a) Perfectly competitive Market. CBSE Board Class 11 b) Monopoly Market. c) Imperfectly comparative Market. History 2011 (1) Attitude of Producers & Supply -

Price Determination - Price determination in perfectly competitive market - Equilibrium price & the effects of charges in DD & SS on price. 5. Determination of cost of production 1.Meaning of factors of production. 2.Four factors of production (LAND, LABOUR, CAPITAL & ORGANISATION) 3.Factors Demand - Meaning 4.Factors Supply - Meaning 5.Factor Cost determination in competitive market (Diagrammatic presentation is expected) Part-II (02) MACRO ECONOMICS 1. Macro economics - Meaning, features & Functions - Inter relationship between unit oriented Economics & Universal oriented, Economics. 2. National Income (NI) - Explanation of all concepts related to National Income. 3. Measurement of National Income & Related Studies. Circular Flow of National Income. - Three Methods. a) Three Methods ( Income, Experdutery + Production) b) G.D.P c) G.N.P. d) N.D.P e) N.N.P (N.Y at Factor Cost & Market Price) - National Income at Factor cost - Total Income - Real Income Methods of Measuring MY - Income - Expenditure - Production of output (some coin with three sides) 4. Income & Employment determination Total DD & Total SS - The factors affecting them - spending Attitude & savings & Investment Attitude. “Average” & “Marginal” view) Employment - Employment - Meaning & types - Unemployment- Meaning & types (voluntary & other kinds) - Boom (Max. DD) & the problem related to ft. - Scarcity of DD (“stack”) & the problem related to it.

5. Finance (money) & Banking 1.Money - meaning & Functions 2.Supply of Money - Meaning 3.Demand for Money - Meaning Banking 1.Meaning, Commercial banks - Meaning & Function 2.Central Bank (R.B.I.) Meaning & Function Budget 1.Budget of the Government - Meaning, Area of its operation, significance & kinds of budget 2.Surplus budget & Deficit budget object of Budgeting Balance of Payment 1.Foreign Exchange - Meaning & the methods of deteraining foreign exchange 2.Foreign Exchange Rate & Points of Distinction. 3.Balance of Trade & Balance of Payment - Meaning Instructions: In micro economics, you are expected to provide the explanation based on illustration, figures, schedules etc. Observe the studies of Micro economics first. Support your explanation of Macro economics with figures, schedules, graphs & diagrams.

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