Economics (NCERT) Notes → Class XII

Economics (NCERT) Notes → Class XII

• 1.1 Production and Allocation of Resources
• 1.2 Central Problem of Economy
• 1.3 Microeconomics and Macroeconomics
• 2.1 Cardinal Utility Analysis
• 2.2 Law of Diminishing Marginal Utility
• 2.3 Ordinal Utility Analysis and Indifference Curve
• 2.4 Features of Indifference Curve
• 2.5 The Consumer’s Budget
• 2.6 Price Ratio and the Slope of the Budget Line
• 2.7 Optimal Choice of Consumer
• 2.8 Demand
• 2.9 Law of Demand
• 2.10 Shifts in the Demand Curve
• 2.11 Market Demand
• 2.12 Elasticity of Demand
• 2.13 Elasticity Demand Curve
• 2.14 Relationship between Elasticity and Demand
• 2.15 Relationship between Elasticity and Expenditure
• 3.1 Production Function
• 3.2 Isoquant
• 3.3 The Short Run and the Long Run
• 3.4 Total Product, Average Product, and Marginal Product
• 3.5 The Law of Diminishing Marginal Product
• 3.6 Returns to Scale
• 3.7 Various Concepts of Costs
• 3.8 Shapes of the Short-Run Cost Curves
• 3.9 Long-Run Costs
• 4.1 Defining Features in Perfect Competition
• 4.2 Revenue of a Firm
• 4.3 Profit Maximization-I
• 4.4 Profit Maximization-II
• 4.5 Short-Run Supply Curve of a Firm
• 4.6 Long-Run Supply Curve of a Firm
• 4.7 Break-Even Point and Opportunity Cost
• 4.8 Determinant of a Firm’s supply curve
• 4.9 Market supply Curve
• 4.10 Price Elasticity of Supply
• 5.1 Market Equilibrium
• 5.2 Market Equilibrium for Fixed Number of Firms
• 5.3 Wage Determination in Labour Market
• 5.4 Impact of Shifts in Demand
• 5.5 Impact of Shift in Supply and Demand
• 5.6 Market Equilibrium: Free Entry and Exit
• 5.7 Shifts in Demand
• 5.8 Applications of Supply-Demand Analysis
• 6.1 Non-competitive Markets
• 6.2 Price Quantity Relationship for a Monopoly Firm
• 6.3 Total, Average and Marginal Revenues
• 6.4 Zero Cost Monopoly Firm
• 6.5 Equilibrium Condition for a Monopoly Firm
• 6.6 Comparison of Monopoly firm with Perfect Competition
• 6.7 Equilibrium of Monopolistic Competition
• 6.8 Behaviour of Firms in Oligopoly