ICSE 12 Syllabus 2020
Economics
Micro Economics
Macro Economics, Micro Economics, Positive & Normative science, Economic Laws, Economic Model, Economic System, Capitalist Economy, Socialist Economy, Mixed Economy, Production Possibility Curve
Demand
Law of Demand, Demand Schedule, Demand Curve, Change in Demand, Expansion & Contraction in Demand, Increase & Decrease in Demand, Elasticity of Demand, Price Elasticity of Demand, Income Elasticity of Demand, Cross Elasticity of Demand
Consumer Behaviour
Diminishing Marginal Utility, Equi-Marginal Utility, Marginal Rate of Substitution, Consumer Surplus, Indifference Curve, Budget Line, Consumer Equilibrium, Indifference Map
Elasticity of Supply, Measurement & change in Elasticity of Supply
Land, Labour, Capital, Entrepreneur, Factors of Production, Laws of Return, Economies of Scale, Production Function, Iso Product curves, Isoquant, Iso Cost Line
Cost Analysis
Cost Function Short & Long Run Cost, Total Cost, Fixed & Variable Cost, Average Cost, Marginal Cost
Market Forms, Competition, Perfect Competition, Monopolistic Competition, Imperfect Competition, Monopoly, Oligopoly, Equilibrium of Firm, Price Discrimination, Selling Cost, Price Mechanism
Money Classification, Functions of Money
Credit Creation by Commercial Bank, Nationalisation of Commercial Bank
The term Balance of payments refers to economic transactions (involving foreign currency payment) between one country and other countries.
Budget Receipts, Budget Expenditures, Capital Expenditure, Revenue Expenditure, Budget Deficit, Deficit Financing, Government Borrowings.
Gross Domestic Product, Gross National Product, Commodity-Service Method, Incomes Received Method, Consumption-Savings Method, National Income Analysis
