THE INDIAN PUBLIC SCHOOL (CBSE), COIMBATORE

YEAR PLAN, 2024-25

TEACHER : LAVANYA
SUBJECT : ECONOMICS
GRADE : XII COM
MONTH CHAPTER NAME CONTENTS COVERED

MARCH MACROECONOMICS
● ∙ Meaning of foreign exchange, Foreign exchange
Ch 11: Foreign Exchange
Ch 12: Balance of Payment rate ∙ Appreciation and Depreciation of currency
Ch 7: Money
● ∙ Devaluation and Revaluation of currency

● ∙ Merits and demerits of fixed and floating exchange

rate system.
● ∙ Demand and supply of foreign exchange

● ∙ Determination of foreign exchange rate

● ∙ Meaning of Balance of payment

● ∙ Components of Balance of payment

● ∙ Capital account and current account

 ● ∙ Balance of trade

● ∙ Autonomous and Accommodating items

● ∙ Official Reserves
● Barter system
● Functions of money
● Money supply

APRIL

JUNE MACROECONOMICS
∙ Barter system

∙ Definition of money

∙ Money supply
IED
Ch 1: Indian Economy on the Eve of Independence ∙ Measures of money supply
 ∙ Basic Purpose of British Rule ∙ Demographic condition

∙ Low level of economic development ∙ Occupational Structure

∙ Agriculture sector ∙ Infrastructure

∙ Industrial Sector ∙ Positive contribution of British

∙ Foreign trade ∙ State of Indian Economy on the eve of independence

JULY IED
∙ Basics of Economic problems
Ch 2: Indian Economy (1950-1990)
Ch 3: Liberalisation, Privatisation and Globalisation ∙ Economic Planning

∙ Goals of five year plans

∙ Agriculture Development

∙ Industrial Development

∙ SSI

∙ Foreign Trade

∙ Appraisal of Industrial Development

∙ Reasons for economic reforms

∙ New Economic Policy

∙ Liberalization

∙ Privatization

∙ Globalization
 ∙ Demonetizations and GST

MACROECONOMICS
Ch 1: Circular Flow of Income
Ch 2: Basic Concepts of Macroeconomics Ch 3: National
Income and Related Aggregates Ch 4: Measurements of
National Income

∙ Meaning of circular flow

∙ Stock and flow

∙ Real flow and money flow

∙ Circular flow of income in two sector economy ∙ Economic

Territory
∙ Normal Resident

∙ Factor income and transfer income ∙ Final goods and

Intermediate goods ∙ Capital goods and Consumer

goods ∙ Depreciation and Capital loss

∙ GDPfc,GDPmp,GNPfc and GNPmp -Numerical ∙ NDPfc,NDPmc,

NNPfc and NNPmp-Numerical ∙ Value Added Problems -

Numerical ∙ Income method problems -Numerical

 PERIODIC TEST 1

AUGUST MACROECONOMICS
∙ Expenditure method problems-Numerical
Ch 4: Measurements of National Income
Ch 6: Banking ∙ GDP & Welfare

∙ Precaution for calculating National Income

∙ Meaning of Banks

∙ Credit creation

∙ Central bank and its functions

IED
∙ Future prospects in Education sector ∙ Women education
1. Human Capital Formation 2. Rural Development
∙ Meaning of Human Capital Formation ∙ Sources of Human Capital ∙ Meaning of Rural Development

Formation ∙ Human Capital and Economic growth ∙ Importance of HCF ∙ Process of rural development

∙ Problems of HCF ∙ Rural credit

∙ Steps to overcome the problem of HCF ∙ Human Capital and Human ∙ Sources of rural credit

Development ∙ Government intervention ∙ Agricultural Marketing

∙ Educational Sector in India ∙ Diversification of agricultural activities ∙ Non- farm areas of employment

∙ Educational Achievement in India ∙ Sustainable development and organic farming

 TERM 1 EXAMINATION

SEPTEMBER MACROECONOMICS
∙ Meaning of government Budget
Ch 10: Government Budget
Ch 7: Aggregate Demand and Aggregate Supply ∙ Objectives of government budget
Ch 8: Income Determination and Multiplier
Ch 9: Excess Demand and Deficient Demand ∙ Component of Budget

∙ Revenue Receipts

∙ Sources of Revenue Receipts

∙ Tax revenue and non- tax revenue

∙ Direct taxes and Indirect taxes

∙ Revenue Expenditure

∙ Capital Receipts

∙ Sources of capital receipts

∙ Capital Expenditure

∙ Revenue Deficit

∙ Fiscal Deficit

∙ Primary Deficit

∙ Practical Problems to calculate deficits.

∙ Meaning and components of Aggregate Demand ∙

Aggregate Supply
 ∙ Propensity to consume

∙ Types of propensity to consume

∙ Propensity to save

∙ Types of propensity to save

∙ Investment function

∙ Ex ante and Ex post saving and investment

∙ Full employment and involuntary unemployment ∙

Determination of equilibrium level
∙ AD=AS

∙ S=I

∙ Full employment equilibrium

∙ Under employment equilibrium

∙ Over full employment equilibrium

∙ Meaning of Investment multiplier

∙ Multiplier and MPC

∙ Multiplier and MPS

∙ Working of Multiplier

∙ Practical Problems to calculate Income, Consumption

function, Saving function, Investment function, Multiplier ,
MPC ,MPS ,APC and APS.
 ∙ Meaning of Excess demand

∙ Inflationary gap

∙ Reasons for excess demand

∙ Impact of excess demand

∙ Measures to control excess demand

∙ Meaning of deficient Demand

∙ Deflationary gap

∙ Reasons of deficient demand

∙ Impact of deficient demand

∙ Measures to control deficient demand

∙ Fiscal policy and monetary policy

PERIODIC TEST 2
OCTOBER IED
∙ Meaning of worker, Labour force and work force
Ch 6: Employment
Ch 7: Environment and Sustainable Development Ch 8: ∙ Participation of people in employment
Comparative Development Experience of India and its
neighbor hood ∙ Distribution of employment

∙ Growth and changing structure of employment

∙ Informalisation of Indian Workforce

∙ Meaning of unemployment

∙ Types of unemployment

∙ Causes of unemployment

∙ Remedial measures of unemployment

∙ Government policies and employment generation

∙ Meaning of environment

∙ Functions of environment

∙ Reasons for environment crisis

∙ Reversal of supply-demand relationship

∙ Global Warming and its causes

∙ Montreal Protocol

∙ State of India’s Environment

∙ Challenges to India’s Environment

 ∙ Pollution Control Board and its functions

∙ Sustainable Development

∙ Strategies for Sustainable Development

∙ Development path of India, Pakistan and China

∙ China Economy

∙ Pakistan Economy

∙ Comparative study- India, China and Pakistan

NOVEMBER TERM 2 EXAMINATION REVISION

DECEMBER MODEL 1 EXAMINATION REVISION

JANUARY MODEL 2 EXAMINATION REVISION

FEBRUARY MODEL 2 EXAMINATION REVISION

MARCH BOARD EXAMINATION REVISION