Class 12 Economics Complete Course (New NEB syllabus) COMING SOON

Unit –1:Basic Concept of Market Economy (15 TH)

a) Law of demand

b) Derivation of Individual and market demand curve

c) Shift in demand curves

d) Factors causing the shift

a) Law of supply

b) Derivation of the single producer’s supply curve and market supply curve

c) Shift in supply curve

d) Factors causing the shift

Unit – 2:Elasticity of Demand and its Measurement (8 TH)

-Concept of elasticity

-Different kinds of elasticity

-Measurement of price elasticity

Unit – 3:Theory of consumer’s Behaviour (12 TH)

-Concept of total, average and marginal utilities

-Law of diminishing marginal utility

-Law of substitution

-Consumer’s surplus

Unit – 4:Factors of Production (15 TH)

-Land

-Labour

-Capital

-Organization

Unit – 5:Theory of Production (10 TH)

-Concept and derivation of Total, average and marginal products

-Law of variable proportions

-Concept of returns to scale

Unit – 6:Revenue and Cost Curves (15 TH)

-Concept of total, average and marginal revenue

-Derivation of average revenue and marginal revenue from total revenue  curve under perfect competition and monopoly.

–           Concept of short run and long run cost

-Fixed and variable cost

-Derivation of average and marginal cost curves

Unit – 7:Theory of Price and Output Determination (10 TH)

-Equilibrium of firm industry

-Price and output determination under perfect competitions

-Price and output determination under monopoly

Unit – 8:Theory of Factors of Pricing   (15 TH)

-Rent

-Wages

-Interest

-Profit

Unit – 9:Money (10 TH)

Unit – 10:Banking (10  TH)

Unit – 11:Public Finance ( 20 TH)

Unit – 12International Trade (10 TH)