Economics class 12

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Description

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Course Content

Limitations of green revolution
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Class 12 economics
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Features of Indian agriculture
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Problems of Indian agriculture
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Agrarian reform( technical reforms)
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Institutional reforms or general reforms
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Achievements of agrarian reforms
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Importance of industry
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Factors necessitating direct participation of the state in industrial development
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Industrial policy resolution 1956
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Development of small scale indusry
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Strategy of industrial growth during the period 1950-1990
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Strategy of industrialisation(good or bad effects)
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Meaning of macroeconomics and difference between microeconomics and macroeconomics
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Scope of macroeconomics
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Significance of microeconomics
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Final goods and intermediate goods
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Consumption goods and capital goods
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Concepts and components of consumption expenditure
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Concept and components of investment
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Gross investment,net investment
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Depreciation and concept of depreciation reserve fund
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Stock and flow
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Four sectors of the economy
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Circular flow of income
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Significance of circular flow model
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Concept of national income
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Conversion of domestic income into national income
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Domestic income and domestic product are identical concepts
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Gross and net concepts of domestic product
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Domestic product at market price and at factor cost
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Aggregates related to national income
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Nominal and real GDP
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GDP and welfare
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GDP deflator
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Value added method
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Income method
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Money
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Forms of money
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The central bank
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Government budget
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Components of the budget
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Meaning of foreign exchange rate
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Demand for foreign exchange rate
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Supply of foreign exchange reserve
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Paper
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Meaning of balance of payments
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Components of balance and payments account
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What is international trade
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Indians foreign trade at the time of independence and after independence
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New economic policy
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About the Instructor

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About the Instructor