TAMILNADU STATE BOARD
ECONOMICS SYLLABUS
CLASS-12
2021-2022
CHAPTER-WISE
| CHAPTER NO |
CHAPTER NAME |
TOPICS |
| CHAPTER 1 |
Nature and Scope of Economics
|
- Definition of Economics
- The divisions
- Nature of economics
- Their relationship with other subjects
- Static
- Dynamic concepts
- Scope of Micro Economics
- Macro Economics
- Nature of Economic Laws
- Basic concepts in economics
|
| CHAPTER 2 |
Basic Economic Problems
|
- Basic economic problems of all societies
- Production possibility curve.
|
| CHAPTER 3 |
Consumer’s Behavior
|
- Characteristics of human wants
- Concept of utility Marshallian approach
- Consumers’ surplus
- Indifference curves theory
- Indifference curve theory.
|
| CHAPTER 4 |
Law of Demand and Law of Supply
|
- The concept of demand and the causes for the demand curve sloping downwards
- Factors determining demand
- The elasticity of demand
- Factors determining Elasticity of demand
- The concept of supply
- Factors or determinants of the supply curve
- Shifts in the supply curve.
|
| CHAPTER 5 |
Equilibrium Price
|
- Concept of equilibrium
- Concepts of static equilibrium
- A dynamic equilibrium
- Diagram of equilibrium price
- Time periods
- Price fixation.
|
| CHAPTER 6 |
Production
|
- The concept of production
- The factors of production
- Production function
- Laws of returns
- Laws of returns to scale
- Difference between Laws of Returns
- Laws of Returns to Scale.
|
| CHAPTER 7 |
Cost and Revenue
|
- The concepts of cost and revenue
- The different kinds of costs and revenues
- To develop skills to draw diagrams and to prepare tables
|
| CHAPTER 8 |
Market Structure and Pricing
|
- Structure and different kinds of markets
- The characteristic features of perfect and imperfect competition
- Product differentiation
- Wastes of monopolistic competition
- Monophony.
|
| CHAPTER 9 |
Marginal Productivity Theory of Distribution
|
- The general theory of income distribution
- The marginal productivity theory of factor pricing and its criticism
- Theories of distribution
|
CHAPTER 10
|
Simple Theory of Income Determination
|
- The theory of income determination
- Aggregate demand
- Aggregate supply
- Consumption function
- Investment function
- Govt.’s Spending
- Shifts in aggregate demand
|
| CHAPTER 11 |
Monetary Policy
|
- Money
- Functions of money
- Money supply
- Inflation
- Deflation.
|
| CHAPTER 12 |
Fiscal Policy
|
- The concept of public finance and its importance
- Taxes
- Budget
- Limitations of fiscal policy.
|
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