JAWAHAR NAVODAYA VIDYALAYA, KARAIKAL

LEARNING OUTCOMES FOR CLASS-XII (ECONOMICS)

Students will be able to
1. Inquires money, types of money and functions of banks.

2. Describe the forms, function and characteristics of money.

3. Learners will be able to discuss the role and importance of central bank and commercial
banks for government, consumers and producers..

4. Students will be able to analyse and interpret data related to various issues/ events related
to Indian Economy.

5. They will be able to discuss critical issue of Indian economy since independence..

6. Students will be able to evaluate five year plan and role of NITI AYOG in planning allocation
of funds to various sectors like agriculture, industry and services for the specific cases such
as removal of poverty and unemployment.

7. They will be able to analyse the relationship between India and its neighbours.

8. Students will be able to explain the Macro Economic events in India and neighbouring
countries and visualize the Economic future of India.

9. They will be able to explain and suggest measures for the determination of income and
employment.

10. Students will be able to discuss aggregate demand and aggregate supply, propensity to
consume and propensity to save and measures to correct excess and deficit demand. .

11. Students will be able to discuss wage determination, the influence of demand and supply,
relative bargaining strength and government policy. Including the fixation of minimum wage;
basic concept related to employment..

12. They will be able to describe the role of government with respect to economic growth, full
employment /low employment, stable price, equilibrium in the balance of payment,
redistribution of income.
13. Students will be able to emphasize Economic decisions by highlighting the role of
government. .

14. Students will be able to explain budget and reason out the main areas of government
spending and its impact on those areas.
15. Discuss the role of government in an economy through budgetary process and different
types of taxes.

16. Discuss fiscal policy measures with respect to change in tax and spending ,that causes
balance or imbalance budget and calculate the size of a budget deficit or surplus.

17. Discuss monetary policies measures with respect to change interest rates,money supply and
foreign exchanges rates.

18. Communicate economic information and ideas related to National Income, Human
Development index and Sustainable Development.

19. Explain gross domestic product (GDP) can be used to measures economic growth.

20. Discuss the three methods of measuring the National Income.

21. Describe the limitation of using GDP as an Indicator of Development.

22. Examine alternative indicator of development and use Human Development Index as a case
study.

23. Discuss the strategies adopted for sustainable development in India.

24. Predict and evaluate the challenge facing Indian Economy.

25. Explain a few important economy challenges facing Indian economy using statistical
evidence.

26. Discuss the need and main features of liberalisation, globalisation and privatisation.

27. Analyse reason for change and consequence of trade with other countries.

28. Discuss the role of multinational companies (MNC) and the costs and benefits to their host
and home countries and the role of government in regulating the Economic activities in an
Economy.

29. Differentiate between floating and the fixed system.

30. Students will be able to analyse the demand for and supply of a currency in the foreign
exchange market.

31. Students will be able to define and explain a few important terms and concepts associated
with balance of payment in Indian context.