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Learn Class 12th Economics: A complete guide for Term 1
3 students
Learn Class 12th Economics: A complete guide for Term 1
Economics, CBSE, HBSE, Economics for beginners
Created byDr. Amandeep Sangwan
Last updated 1/2025
Hindi
What you'll learn
- Master CBSE and HBSE Class 12 Macroeconomics. Understand national income concepts and calculation methods. Money, banking, and their roles in the Indian economy
- Comprehend Indian Government Policies. Learn about fiscal and monetary policy and its implications.
- Understand India's balance of payments and foreign exchange markets. Evaluate monetary policy tools used by the Reserve Bank of India.
- Prepare effectively for CBSE and HBSE Class 12 Economics board examinations
Explore related topics
Course content
6 sections • 24 lectures • 2h 26m total length
Requirements
- No prior knowledge required.
Description
At the end of this course, students will have a comprehensive understanding of macroeconomics and its fundamental concepts. They will begin with an introduction to macroeconomics, exploring its emergence and relevance in today's economic context.
In the National Income Accounting section, students will learn essential concepts such as the circular flow of income and various methods for calculating national income, including the product (value-added), expenditure, and income methods. They will also understand the differences between factor cost, basic prices, and market prices, as well as key macroeconomic identities. Students will differentiate between nominal and real GDP and examine the relationship between GDP and welfare.
The Money and Banking section will cover the functions of money, the demand and supply for money, and how banks create money through their lending activities. Students will analyze a fictional bank's balance sheet to grasp money creation processes, including limits to credit creation and the money multiplier effect. Additionally, they will learn about policy tools used to control money supply in the economy.
By completing this course, students will be well-prepared to apply macroeconomic principles in real-world scenarios and further their studies in economics or related fields. I hope you will enjoy the course and it will be fruitful for your journey in the field of economics.
Who this course is for:
- This comprehensive course on Class 12th Economics is designed for students preparing for the CBSE board examinations in India. It caters to both Commerce and Humanities stream students who have Economics as a core subject in their curriculum. The course is particularly valuable for those aiming to excel in their board exams and build a strong foundation for further studies in Economics or related fields.
- Ambitious learners looking to gain an edge in competitive exams like CUET (Common University Entrance Test) for admission to top universities will find this course extremely beneficial. It's also suitable for students who prefer a structured approach to learning, as it follows the CBSE syllabus closely while providing additional insights and practical applications of economic theories.