Macroeconomics Class 12 Notes | Cbse Revision Notes
Class 12 Macroeconomics is an interesting subject. In Class 12 Macroeconomics we will study various topics which are concepts of macroeconomics, national income, money, banking, aggregate demand and supply, short-run equilibrium output, deficient demand and excess demand, government budget, foreign exchange rate, the balance of payments etc. Download free macroeconomics revision notes.
Students can learn various fundamental concepts about macroeconomics in Class 12 macroeconomics if they understand the complex terms and basic concepts in easy language, so they can make a strong foundation.
To help students perform well in the Class 12 macroeconomics exam and give them better understandings of all the crucial concepts of this subject, nothing can be better than well explained and structured macroeconomics revision notes in class 12.
Our expert prepared these macroeconomics class 12 notes and based on the latest CBSE syllabus as well as the Class 12 board exam pattern. Class 12th macroeconomics notes will provide the students with a complete overview and understanding of all the chapters with the broad coverage of important topics from every chapter that has high marks weightage in the exam for the better score of students.
Class 12 Macro Economics Notes PDF Chapter Wise
CBSE class 12 notes for macroeconomics followed by NCERT guidelines:
|1.||📗Introduction to Macroeconomics and Basic Concepts|
|2.||📗National Income and Related Aggregates|
|3.||📗Methods of Calculating National Income|
|4.||📗Money and Banking|
|5.||📗Aggregate Demand and Supply|
|6.||📗Short Run Equilibrium Output|
|7.||📗Foreign Exchange Rate|
|8.||📗Government Budget and the Economy|
|9.||📗Balance of Payments|
CBSE Indian Economy Class 12 Notes PDF Chapter Wise
CBSE Indian economy class 12 notes pdf chapter wise followed by NCERT guidelines:
CBSE Class 12 Macroeconomics Notes | Syllabus
Class 12 Macroeconomics revision notes are available to access both offline in PDF and online format as well. Our team prepared these revision notes of Macroeconomics as per the latest syllabus of CBSE. The teachers we have here are well experienced who have prepared these notes, seriously based on concepts followed by CBSE from the past several years.
Class 12th Macroeconomics notes help you to understand the subject and will clear all your concepts. Each chapter concept or topic explained very well helps with graphical representation. Download Macroeconomics class 12 notes pdf free.
CBSE Class 12 Macroeconomics Syllabus
This is macroeconomics class 12 syllabus which is based on guidelines of CBSE:
- Unit 1: National Income and Related Aggregates
- Unit 1: Money and Banking
- Unit 3: Determination of lncome and Employment
- Unit 4: Government Budget and Economy
- Unit 5: Balance of Payments
Unit 1: National Income and Related Aggregates
Basic Concepts in Macroeconomics: 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.
Aggregates Related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross and Net Domestic Product (GDP and NDP)-at market price, at factor cost; Real and Nominal GDP. GDP and Welfare.
Unit 1: Money and Banking
Money: Meaning and supply of money-Currency held by the public and net demand deposits held by commercial banks. Money creation by the commercial banking system.
Banking: Central bank and its functions ( example of RBI), Bank of issue, Government Bank, Banker’s Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
Unit 3: Determination of lncome and Employment
- Aggregate demand and its components.
- Propensity to consume and propensity to save ( average and marginal).
- Short-run equilibrium output; investment multiplier and its mechanism.
- Meaning of full employment and involuntary unemployment.
- Problems of excess demand and deficient demand; measures to correct them changes in government spending, taxes and money supply.
Unit 4: Government Budget and 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.
Unit 5: Balance of Payments
- Balance of payments account-meaning and components.
- Balance of payments deficit meaning.
- Foreign exchange rate meaning of fixed and flexible rates and managed floating.
- Determination of exchange rate in a free market.
Class 12 Macroeconomics Syllabus Marking Scheme as per 2021-22
This is the class 12 macroeconomics syllabus marking scheme as per 2021-22 under guidelines of CBSE:
|Part A||Introductory Macroeconomics|
|Unit 1||National Income and Related Aggregates||12||30|
|Unit 2||Money and Banking||6||15|
|Unit 3||Determination of Income and Employment||10|
|Unit 4||Government Budget and the Economy||6|
|Unit 5||Balance of Payments||6|
|Part B||Indian Economic Development||Marks||Periods|
|Unit 6||Development Experience (1947-90) and Economic Reforms since 1991||12||28|
|Unit 7||Current Challenges facing Indian Economy||22||60|
|Unit 8||Development Experience of India – A Comparison with Neighbours||06||12|
|Theory Paper (40+40 = 80 Marks)||40||100|
|Part C||Project Work||20||20|
|Total Marks =||100|
FAQ Related to Macroeconomics Class 12 Notes Cbse
What is Macro Economics?
Macroeconomics is concerned with such variables as the aggregate volume of the output of an economy, with the extent to which its resources are employed, with the size of national income and with the general price level.
What is Micro Economics notes?
If you have well-structured revision notes of microeconomics will help you to understand core concepts in the last minutes before the exam.
Is Class 12 Economics tough?
No, Class 12 economics is not tough because in class 12 we introduced macroeconomics and Indian economics which is basics of economics. So in end, Class 12 economics is not tough