SYLLABUS FOR HIGHER SECONDARY SECOND YEAR COURSE
(TOPICS TO BE DELETED)
PART A –
INTRODUCTORY MICROECONOMICS
Unit I : INTRODUCTION No topics deleted.
Unit II : CONSUMER’S
BEHAVIOUR AND DEMAND
Consumer’s equilibrium in terms of utility approach (in
case of two commodities) and indifference curve approach. Expenditure method of
measuring price elasticity of demand.
Unit III :
PRODUCER’S BEHAVIOUR AND SUPPLY
Returns to scale, Geometric method of measuring price
elasticity of supply, Producer’s equilibrium with the help of marginal cost and
marginal revenue.
Unit IV : FORMS OF
MARKET
Price and output determination under monopoly and
monopolistic competition.
Unit V : SIMPLE
APPLICATIONS OF TOOLS OF DEMAND AND SUPPLY CURVES
Diagrammatic Presentation of Price Ceiling and Price
floor.
PART B –
INTRODUCTORY MACROECONOICS
Unit VI : NATIONAL
INCOME AND RELATED AGGREGATES
Private Income, Personal income, Personal
Disposable income, National Disposable income. Explanation of Methods of
Measuring national Income– Value Added Method (Product method), Expenditure
Method and Income Method.
Unit VII :
DETERMINATION OF INCOME AND EMPLOYMENT Problems of excess and deficient
demand – measures to correct them – challanges in Government spending.
Unit VIII : MONEY
AND BANKING
Control of credit through bank Rate, Cash Reserve Ratio,
Statutory Liquidity Ratio, Repo Rate, Reserve Repo Rate, Open Market Operations,
Margin Requirement.
Unit IX :
GOVERNMENT BUDGET AND THE ECONOMY
Measures of Government deficit – revenue
deficit, fiscal deficit, Primary deficit and their meaning.
Unit X : BALANCE
OF PAYMENTS
Meaning of Balance of Payment deficit, Foreign Exchange Rate –
meaning of fixed and flexible exchange rates and managed floating,
Determination of exchange rate in a free market.
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