MACRO ECONOMICS | ONLINE TUITION CLASSES FOR 12

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Best reference book for Economics class 12th , CBSE and UP Board 2020-2021 session, Introductory Macro Economics by Sandeep Garg or TR Jain and VK Ohri

COURSE DESCRIPTION

MACRO ECONOMICS | ONLINE TUITION CLASSES FOR 12, provides a wide range of concepts and advanced information regarding the subject which includes all the questions provided in the CBSE Class 11 Economics Syllabus.

Economics concentrates on how governments, businesses, households, societies, and individuals make choices about when, where, and how to use their natural resources at its best. It is a study that deals with many abstract and ideal blueprints to study the action and foretell how institutions will acknowledge to given changes in fiscal policies and market conditions among other factors.

Economics for class 12 is an enhanced level of class 11. In class 11th book Micro Economics, we had studied the basic fundamental aspects of the subject. And, in class 12 it is a progressed degree of concepts.

Macro Economics deals with the economic behavior of all the individuals as an aggregate in the economy. In this, we will study about Circular flow of the economy, Aggregate demand/supply, National income, Domestic income, Government Budget, Money and supply, Different Market forms, etc.

OBJECTIVES:

  • Understanding of some basic economic concepts and development of economic
    the reasoning which the learners can apply in their day-to-day life as citizens, workers, and consumers.
  • Realization of learners’ role in nation-building and sensitivity to the economic issues that the nation is facing today.
  • Equipment with basic tools of economics and statistics to analyze economic issues. This is pertinent for even those who may not pursue this course beyond the senior secondary stage.
  • Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically with reasoning.

SALIENT FEATURES OF COURSE:

  • Each Topic has been written and explained in accordance with the latest guideline issued by CBSE.
  • The Concepts have been systematically explained through the use of Diagrams, tables, and examples.
  • HOTS Questions with answers have been given at the end of each chapter to enhance the student’s understanding, analytical ability, and interpretation.
  • A Quiz of Multiple Choices Questions (MCQ) with answers has been given at the end of Lecture.
  • Questions of NCERT TEXTBOOK also discussed with explanations.
  • VALUE-BASED Questions with answers have been given in the revision section.
  • Practical Problems have been a weightage of 20 to 30 marks in the board examination. To have a Complete edge, a large number of comprehensive solved and unsolved practical problems have been discussed in our lectures.
  • Power Booster Section has been provided for the knowledge enrichment of the students.
  • This course consist also revision section in which we discuss:
MACRO ECONOMICS for Class 12 Hindi English
MACRO ECONOMICS | ONLINE TUITION CLASSES FOR 12

DETAILED SYLLABUS: INTRODUCTORY MACROECONOMICS (New Syllabus in 2021-2022)

CLASS – XII (2020-21)           Theory: 80 Marks             Duration:3 Hours                  Project: 20 Marks

Units Marks Periods
Part A  Introductory Macroeconomics
National Income and Related Aggregates 10 23
Money and Banking 6 08
Determination of Income and Employment 12 22
Government Budget and the Economy 6 15
Balance of Payments 6 07
40 75
Part B Indian Economic Development
Development Experience (1947-90) and Economic Reforms since 1991 12 28
Current Challenges facing Indian Economy 22 35
Development Experience of India – A Comparison with Neighbors 06 12
Theory Paper (40+40 = 80 Marks)  40  75
Part C Project Work 20 15

Part A: Introductory Macroeconomics

Unit 1: National Income and Related Aggregates – 28 Periods

What is Macroeconomics?
Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.
Circular flow of income (two-sector model); Methods of calculating National Income –
Value Added or Product method, Expenditure method, Income method.
Aggregates related to National Income:
Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product
(GDP) and Net Domestic Product (NDP) – at market price, at factor cost; Real and Nominal GDP.
GDP and Welfare

Unit 2: Money and Banking – 15 Periods

Money – meaning and supply of money – Currency held by the public and net demand deposits held by commercial banks.

Money creation by the commercial banking system.
The central bank and its functions (example of the Reserve Bank of India): Bank of issue,
Govt. Bank, Banker’s Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate, and Reverse Repo Rate, Open Market Operations, Margin requirement.

Unit 3: Determination of Income and Employment – 27 Periods

Aggregate demand and its components.
The propensity to consume and propensity to save (average and marginal).
Short-run equilibrium output; investment multiplier and its mechanism.
Meaning of full employment and involuntary unemployment.
Problems of excess demand and deficient demand; measures to correct the – changes in government spending, taxes, and money supply.

Unit 4: Government Budget and the Economy – 15 Periods

Government budget – meaning, objectives, and components.
Classification of receipts – revenue receipts and capital receipts; classification of expenditure – revenue expenditure and capital expenditure.
Measures of government deficit – revenue deficit, fiscal deficit, primary deficit their meaning.

Unit 5: Balance of Payments – 15 Periods

Balance of payments account – meaning and components; balance of payments deficit meaning.
Foreign exchange rate – meaning of fixed and flexible rates and managed floating.
Determination of exchange rate in a free market.

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NCERT 12th Macro Economics Textbook: Free Download in English

NCERT 12th Indian Economic Development CBSE book: Free Download in English

NCERT 12th Macro Economics Textbook: Free Download in Hindi

NCERT 12th Indian Economic Development CBSE book: Free Download in Hindi

Best reference book for Economics class 12th / CBSE and UP Board 2020-2021 session

CBSE 12th Economics Question Paper 2020: Free Download

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Best Tuition Classes For Economics, Best Economics Coaching For Class 12, Best Coaching for Economics Near Me, Commerce Classes Greater Noida

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Course Features

  • Lectures 4
  • Quizzes 1
  • Skill level All levels
  • Language ENGLISH, HINDI
  • Students 194
  • Certificate No
  • Assessments Self
  • UNIT 2: MONEY AND BANKING 1

    This Unit can be Categorize in Two Sections such as: Chapter 5: Money and Chapter 6: Banking: Commercial Banks and The Central Bank.Topics Under Chapter 5: MONEY are: 5.1: DEFINITION OF MONEY, 5.2: MONEY SUPPLY AND ITS MEASURES, 5.3: FUNCTIONS OF MONEY;; Topics Under Chapter 6: Banking:Commercial Banks and The Central Bank are: 6.1: COMMERCIAL BANK, 6.2: FUNCTIONS OF COMMERCIAL BANKS, 6.3: MONEY CREATION OR CREDIT CREATION, 6.4: CENTRAL BANK, 6.5: FUNCTIONS OF CENTRAL BANK, 6.6: CENTRAL BANKS VS COMMERCIAL BANKS.

    • Quiz2.1
      Chapter 6- BANKING 0 question
  • UNIT 3: DETERMINATION OF INCOME AND EMPLOYMENT 0

    This Unit can be Categorize in Three Sections such as: Chapter 7: Aggregate Demand and Related Concepts, Chapter 8: Income Determination and Multiplier, Chapter 9: Excess Demand and Deficit Demand:;; Topics Under Chapter 7: Aggregate Demand and Related Concepts are: 7.1: MEANING AND COMPONENTS OF AGGREGATE DEMAND, 7.2: AGGREGATE SUPPLY, 7.3: CONSUMPTION FUNCTION (PROPENSITY TO CONSUME), 7.4: TYPES OF PROPENSITIES TO CONSUME, 7.5: SAVING FUNCTION (PROPENSITY TO SAVE), 7.6: TYPES OF PROPENSITIES TO SAVE, 7.7: INVESTMENT FUNCTION, 7.8: DETERMINANTS OF INVESTMENT, 7.9: EX-ANTE AND EX-POST SAVING AND INVESTMENT, 7.10: FULL EMPLOYMENT AND INVOLUNTARY UNEMPLOYMENT;; Topics Under Chapter 8:INCOME DETERMINATION AND MULTIPLIER are: 8.1: DETERMINATION OF EQUILIBRIUM LEVEL, 8.2: EQUILIBRIUM LEVEL, 8.3: SHORT-RUN FIXED PRICE ANALYSIS OF PRODUCT MARKET, 8.4: CONCEPT OF INVEST MULTIPLIER;; Topics Under Chapter 9: EXCESS DEMAND AND DEFICIENT DEMAND are: 9.1: INTRODUCTION, 9.2: EXCESS DEMAND, 9.3: DEFICIENT DEMAND, 9.4: EXCESS DEMAND vs DEFICIENT DEMAND, 9.5: MEASURES TO CONTROL EXCESS AND DEFICIENT DEMAND, 9.6: MEASURES TO CORRECT EXCESS DEMAND, 9.7: MEASURES TO CORRECT DEFICIENT DEMAND, 9.8: EXCESS AND DEFICIENT DEMAND IN THREE SECTOR ECONOMY.

    No items in this section
  • UNIT 4: GOVERNMENT BUDGET AND THE ECONOMY 0

    Topics under this unit are: 10.1: INTRODUCTION, 10.2: MEANING OF GOVERNMENT BUDGET, 10.3: OBJECTIVES OF GOVERNMENT BUDGET, 10.4: COMPONENTS OF BUDGET, 10.5: BUDGET RECEIPTS, 10.6: REVENUE RECEIPTS, 10.7: CAPITAL RECEIPTS, 10.8: BUDGET EXPENDITURE, 10.9: MEASURES OF GOVERNMENT DEFICIT.

    No items in this section
  • UNIT 5: BALANCE OF PAYMENTS 0

    This Unit can be Categorize in Two Sections such as: Chapter 11: Foreign Exchange Rate, Chapter 12: Balance of Payments (BOP);; Topics under Chapter 11: FOREIGN EXCHANGE RATE are: 11.1: MEANING OF FOREIGN EXCHANGE RATE, 11.2: CURRENCY DEPRECIATION vs CURRENCY APPRECIATION,11.3: TYPES OF FOREIGN EXCHANGE RATES, 11.4: DEMAND FOR FOREIGN EXCHANGE, 11.5: SUPPLY FOREIGN EXCHANGE, 11.6: DETERMINATION OF EXCHANGE RATE, 11.7: CHANGES IN EXCHANGE RATE, FOREIGN EXCHANGE MARKET;; Topics under Chapter 12: BALANCE OF PAYMENTS are: 12.1: MEANING OF BALANCE OF PAYMENTS, 12.2: MEANING OF BALANCE OF TRADE, 12.3: COMPONENTS OF BALANCE OF PAYMENTS, 12.4: AUTONOMOUS AND ACCOMMODATING ITEMS, 12.5: DEFICIT / DISEQUILIBRIUM IN THE BOP.

    No items in this section
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NCERT JUNCTION In 2008, Mr. Prakash Sir started NCERT JUNCTION focusing especially on home tuitions for class 12th, 11th, 10th, 9th, 8th, 7th & 6th for various boards like- CBSE, ICSE, & UP. Since 2011, he & his team started teaching other board students like NIOS, IB, & CISCE. Since 2013, Due to limitations of time and demand of students & guardians, Prakash sir arranged separate group tuitions for various classes and subjects. As we all know, NCERT books from class 6th to 12th are much essential for the competency of any government examination. Because NCERT JUNCTION is a pioneer institute to teach NCERT, our methodology to teach is too easy & much helpful as well as essential to achieving a higher rank in various government exams like; UPSC; IAS, IPS, IRS, UP-PCS, Lower PCS, RO, ARO, IAS, UPSSSC PET, Uttar Pradesh Police Constable, Sub Inspector, Gram Vikas Adhikari / VDO, Lekhpal, Banking examination, SSC, CLAT, HMS or any Entrance exams also.

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