Economics

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NIOS 12

NIOS Class 12 Economics is a course designed to introduce students to the basic concepts and principles of economics. The course is aimed at providing students with a comprehensive understanding of the various economic theories and their applications. The course is structured in a way that it covers both micro and macroeconomics.

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Runali Deb Roy

Last Update : 15 May 2023

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Comprehensive Study Material for CBSE 12th Economics

NIOS Class 12 Economics is a course designed to introduce students to the basic concepts and principles of economics. The course is aimed at providing students with a comprehensive understanding of the various economic theories and their applications. The course is structured in a way that it covers both micro and macroeconomics.

The NIOS Class 12 Economics course covers a range of topics that are essential to understanding economic principles. These include the concepts of demand and supply, market equilibrium, consumer behavior, production, cost and revenue, market structures, and the role of the government in the economy.

The course also covers macroeconomic topics such as national income accounting, money and banking, inflation, unemployment, fiscal policy, monetary policy, international trade, and balance of payments.

The course is designed to enable students to understand the complex workings of the economy and how it affects various aspects of society. Students will also learn how economic policies are formulated and their impact on different sectors of the economy. Overall, the NIOS Class 12 Economics course is designed to provide students with a strong foundation in economics and prepare them for further studies in the field.

Master the Concepts of Economics with Our CBSE 12th Course

  • Micro and macroeconomics
  • Consumer behaviour and demand
  • Producer behaviour and supply
  • Forms of market and price determination
  • National income and related aggregates
  • Money and banking
  • Determination of income and employment
  • Government budget and the economy
  • International trade and balance of payments
  • Economic reforms in India

Course Content

2 Lessons 45m

NIOS Class 12 Economics

NIOS Class 12 Economics is designed to provide students with a comprehensive understanding of the basic concepts of economics. The course is divided into two parts: microeconomics and macroeconomics.

The course includes both theoretical and practical aspects of economics and aims to equip students with the knowledge and skills required to understand economic issues and policies. Students will learn about various economic concepts, theories, and models, as well as their application in real-world scenarios. The course is designed to be interactive and engaging, with a focus on problem-solving and critical thinking.

Course Description

NIOS Class 12 Economics is a comprehensive course designed to provide students with a deep understanding of the basic economic concepts, theories, and policies. The course is structured to help students develop analytical and problem-solving skills related to economic issues and problems.

The course covers topics such as micro and macroeconomics, international trade, and development economics. It also includes the study of economic problems, policies, and applications of economic theory. Students will learn about the various economic systems, market structures, and the role of government in regulating the economy.

The course emphasizes the application of economic principles in real-world situations and encourages critical thinking and analysis. Students will be exposed to case studies, current economic events, and practical applications of economic theory.

Overall, the NIOS Class 12 Economics course is designed to prepare students for further education in economics and related fields and to develop a strong foundation in economic theory and its applications in the real world.

Benefits of Studying Economics

Studying economics in NIOS Class 12 can provide several benefits, including:

  1. Understanding of economic concepts: Studying economics can help students understand fundamental concepts such as demand, supply, production, and distribution. This knowledge can be useful in making informed decisions related to personal finance, business, and public policy.

  2. Analytical skills: Economics involves analyzing data, interpreting statistics, and making predictions. By studying economics, students can develop critical thinking skills and analytical reasoning, which can be applied in various fields.

  3. Career opportunities: Economics graduates are in demand in various industries, including finance, government, consulting, and research. Studying economics in Class 12 can provide a strong foundation for pursuing a career in these fields.

  4. Better decision-making: Economics can help students develop decision-making skills by analyzing the costs and benefits of different options. This knowledge can be useful in personal and professional life.

  5. Understanding of global issues: Economics is a global discipline that deals with issues related to trade, finance, and development. By studying economics, students can gain a deeper understanding of global issues and their impact on the world economy.

Benefits of Studying Economics

Course Structure

1

Microeconomics:
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  1. Introduction to microeconomics
  2. Theory of consumer behavior
  3. Production and cost
  4. Market structure and pricing
  5. Factor pricing and labor market
  6. Market failure and government intervention

2

Macroeconomics:
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  1. Introduction to macroeconomics
  2. National income accounting
  3. Money and banking
  4. Inflation and unemployment
  5. Open economy macroeconomics
  6. Economic Reforms in India

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  • Affordable programs
  • Apply your skills with hands-on projects
  • Learn on your own schedule
  • Course videos and readings
  • Graded quizzes and assignments
  • Shareable Certificate upon completion
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