CBSE Revision Notes for class 12 Economics

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - Basic Concepts of Macroeconomics Some basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation. Circular flow of income; Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Money Money - its meaning and functions. Supply of money - Currency held by the public and net demand deposits held by commercial banks. Money creation by the commercial banking system. Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker's Bank, Controller of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - AD, AS and Related Concepts Ex Ante and Ex Post: Movement Along a Curve Versus Shift of a Curve, The Short Run Fixed Price Analysis of the Product Market- A Point on the Aggregate Demand Curve, Effects of an Autonomous Change on Equilibrium Demand in the Product Market, The Multiplier Mechanism

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Government Budget and the Economy 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.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Foreign Exchange Rates The Balance of Payments: BoP Surplus and Deficit, The Foreign Exchange Market- Determination of the Exchange Rate, Flexible Exchange Rates, Fixed Exchange Rates, Managed Floating, Exchange Rate Management: The International Experience. The Determination of Income in an Open Economy- National Income Identity for an Open Economy, Equilibrium Output and the Trade Balance. Trade Deficits, Savings and Investment

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Indian Economy on the Eve of Independence Low level of economic development under the colonial rule- agricultural sector, industrial sector, foreign trade, demographic condition, occupational structure, infrastructure.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Indian Economy 1950-90 Indian economy 1950-1990- the goals of five year plans, agriculture, industry and trade, trade policy: import substitution. Economic Planning: Means utilisation of country’s resources in different development activities in accordance with national priorities.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Economic Reforms Since 1991 Liberalisation, privatisation and globalisation : an appraisal, background, liberalisation, privatisation, globalisation, indian economy during reforms: an assessment.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Poverty Poverty- who are the poor?, how are poor people identified?, the number of poor in india, what causes poverty?, policies and programmes towards poverty alleviation, poverty alleviation programmes —a critical assessment.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Human Capital Formation in India Human capital formation in india- what is human capital?, sources of human capital, human capital and human development, state of human capital formation in india, education sector in india, future prospects.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 1 - Rural Development Rural development- what is rural development?, credit and marketing in rural areas, agricultural market system, diversification into productive activities, sustainable development and organic farming.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - Employment Growth Informalisation and other Issues Employment: growth, informalisation and other issues- workers and employment, participation of people in employment, self-employed and hired workers, employment in firms, factories and offices, growth and changing structure of employment, informalisation of indian workforce, unemployment, government and employment generation.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - Infrastructure Infrastructure, what is infrastructure?, relevance of infrastructure, the state of infrastructure in india, energy, health. Infrastructure refers to all such services and facilities, which are needed to provide different kinds of services in an economy and which are essential in raising the place of economic growth of a country. It contributes to economic development of a country both by raising the productivity of factors of production and improving the quality of life of its people.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - Environment Sustainable Development Environment and sustainable development, environment — definition and functions, state of india’s environment, sustainable development, strategies for sustainable development.

Download CBSE Revision Notes for CBSE Class 12 Economics Term 2 - Development Experiences India & Neighbours Comparative development experiences of india and its neighbours- developmental path — a snapshot view, demographic indicators, gross domestic product and sectors, indicators of human development, development strategies — an appraisal.

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