Revision || Economics || Class 12 || 5 Days Crash Course || FUNDOO TUTOR
26Topics to be covered -
Laborforce and workforce
.formal vs informal sector of employment
Rate of participation in India
Jobless growth
Steps to alleviate unemployment
Types of employment
Meaning of employment
Economic activities vs non - economic activities
Meaning of infrastructure
Importance of infrastructure
Types of infrastructure- social and economic infrastructure
Challenges of health infrastructure
Women's health - a matter of great concern
. GBD ( global burden of disease)
Indian systems of medicines ( ISM)
Meaning of national income, calculation of national income using value added method, income method and expenditure method, concept of deflator , price index, precautions involved in calculating national income by income method, value added method and expenditure method , concept of domestic income , components of GDP, concept of NFIA, NIT, depreciation, circular flow of income in a two sector economy, transfer income vs money income, final expenditure vs intermediate expenditure, flow vs stock, transfer payment vs factor payment, direct taxes vs indirect taxes,
Meaning and components of AD and AS ,
Meaning of APS, APC, MPS, MPC.
Relationship between MPS and MPC, APS and APC, meaning of break even point, ex- ante saving and ex- ante investment
Ex- post saving and ex-post investment
Induced consumption vs autonomous consumption
Induced investment vs autonomous investment
Concept of investment multiplier.
Numericals on investment multiplier, equilibrium approaches - AD- AS approach, I-S approach, concept of inflationary gap and deflationary gap.
Monetary policy and fiscal policy to sort out inflationary and deflationary gap
Concept of effective demand
calculation of equilibrium level of income , consumption and saving using AD-AS approach, I-S approach, consumption function, saving function, consumption curve and saving curve
Meaning of environment, functions of environment, steps and strategies to attain sustainable development, global warming, ozone depletion, enviromental crisis
Similarities in the developmental path of India, Pakistan and china
Developmental strategies of India, Pakistan and china,
Comparison of India, Pakistan and china on the basis of human developmental indices and on the basis of demographic parameters, one child norm in China, appraisal of development strategies