Case Study
SYLLABUS ECONOMICS (030)
Class XII (2012-13)
Paper 1 3 Hours Units Part A : Introductory Microeconomics 1 2. 3. 4. 5. Introduction Consumer Equilibrium and Demand Producer Behaviour and Supply Forms of Market and Price Determination Simple applications of Tools of demand and supply
Annexure - ‘ O ’
100 Marks Periods Marks 10 32 32 22 8 104 4 18 18 10 50 15 8 12 8 7 50
Part B : Introductory Macroeconomics 6. 7. 8. 9. 10. National Income and Related Aggregates Money and Banking Determination of Income and Employment Government Budget and the Economy Balance of Payments 30 18 25 17 14 104
Note: The Question Paper will include Value based question/questions to the extent of 5 Marks.
328
Part A : Introductory Microeconomics Unit 1: Introduction
Meaning of microeconomics and macroeconomics What is an economy? Central problems of an economy : what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.
10 Periods
Unit 2: Consumer Equilibrium and Demand
32 Periods
Consumer's equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis. Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium. Demand, market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measurenment of price elasticity of demand – (a) percentage-change method and (b) geometric method (linear demand curve); relationship between price elasticity of demand and total expenditure.
Unit 3: Producer Behaviour and Supply
Production function: Total Product, Average Product and Marginal Product. Returns to a Factor.
32 Periods
Cost and Revenue:
Class XII (2012-13)
Paper 1 3 Hours Units Part A : Introductory Microeconomics 1 2. 3. 4. 5. Introduction Consumer Equilibrium and Demand Producer Behaviour and Supply Forms of Market and Price Determination Simple applications of Tools of demand and supply
Annexure - ‘ O ’
100 Marks Periods Marks 10 32 32 22 8 104 4 18 18 10 50 15 8 12 8 7 50
Part B : Introductory Macroeconomics 6. 7. 8. 9. 10. National Income and Related Aggregates Money and Banking Determination of Income and Employment Government Budget and the Economy Balance of Payments 30 18 25 17 14 104
Note: The Question Paper will include Value based question/questions to the extent of 5 Marks.
328
Part A : Introductory Microeconomics Unit 1: Introduction
Meaning of microeconomics and macroeconomics What is an economy? Central problems of an economy : what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.
10 Periods
Unit 2: Consumer Equilibrium and Demand
32 Periods
Consumer's equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer's equilibrium using marginal utility analysis. Indifference curve analysis of consumer's equilibrium-the consumer's budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer's equilibrium. Demand, market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in the demand curve; price elasticity of demand - factors affecting price elasticity of demand; measurenment of price elasticity of demand – (a) percentage-change method and (b) geometric method (linear demand curve); relationship between price elasticity of demand and total expenditure.
Unit 3: Producer Behaviour and Supply
Production function: Total Product, Average Product and Marginal Product. Returns to a Factor.
32 Periods
Cost and Revenue: