Economics (NCERT) Notes → Class XII

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Economics (NCERT) Notes → Class XII

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