NCERT Economics Class 12 Revised 17th Edition for the Session of 2024-25

Book excerpt: Part A : Introductory Micro Economics 1. Micro Economics : An Introduction 2. Economy & its Central Problems 3. Consumer’s Equilibrium 4. Demand and Law of Demand 5. Price Elasticity of Demand 6. Production Function : Returns to a Factor and Returns to Scale 7. Production Costs 8. Concepts of Revenue 9. Producer’s Equilibrium : Meaning and Conditions 10. Supply and Law of Supply 11. Elasticity of Supply 12. Different Forms of Market : Meaning and Features 13. Market Equilibrium Under Perfect Competition and Effects of Shifts in Demand & Supply 14. Simple Applications of Tools of Demand and Supply. Part B : Introductory Macro Economics 15. Macro Economics : Meaning 16. Circular Flow of Income 17. Concepts and Aggregates related to National Income 18. Measurement of National Income 19. Money : Meaning, Evolution and Functions 20. Commercial Banks and Credit Creation 21. Central Bank : Meaning and Functions 22. Recent Significant Reforms and Issues in Indian Banking System : Privatisation and Modernisation 23. Aggregate Demand, Aggregate Supply and Related Concepts Propensity to Consume, Propensity to Save and Investment) 24. Short Run Equilibrium Output 25. Investment Multiplier and its Mechanism 26. Problems of Deficient and Excess Demand 27. Measures to Correct Deficient Demand and Excess Demand 28. Government Budget and Economy 29. Foreign Exchange Rate 30. Balance of Payment Accounts : Meaning and Components Board Examination Papers