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CBSE-Grade 12 Micro Economics Syllabus

CBSE syllabus always maintains a standard, If a student has trouble understanding a topic related to Economics, the student can go through questions and answers related to each topic covered in Class 12 Micro Economics.

Some of the topics Covered include :


    1. Introduction
    2. Theory Of Consumer Behaviour
    3. Production And Costs
    4. The Theory Of The Firm Under Perfect Competition
    5. Market Equilibrium
    6. Non-competitive Markets

1.A. A Simple Economy
1.B. Central Problems Of An Economy
1.C. Organisation Of Economic Activities
1.D. Positive And Normative Economics

1.E. Microeconomics And Macroeconomics

1.F. Plan Of The Book

2.A. Utility
2.B. The Consumer’s Budget
2.C. Optimal Choice Of The Consumer
2.D. Demand

2.E. Market Demand

2.F. Elasticity Of Demand

3.A. Production Function
3.B. The Short Run And The Long Run
3.C. Total Product, Average Product And Marginal Product
3.D. The Law Of Diminishing Marginal Product And The Law Of Variable Proportions

3.E. Shapes Of Total Product, Marginal Product And Average Product Curves

3.F. Returns To Scal

3.G. Costs

4.A. Perfect Competition: Defining Features
4.B. Revenue
4.C.Profit Maximisation
4.D. Supply Curve Of A Firm

4.E. Determinants Of A Firm’s Supply Curve

4.F. Market Supply Curve

4.G. Price Elasticity Of Supply

5.A. Equilibrium, Excess Demand, Excess Supply
5.B. Applications

6.A. Simple Monopoly In The Commodity Market
6.B. Other Non-perfectly Competitive Markets