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Unit-1 National Income and Related Aggregates Class 12

Categories Macroeconomics Class 12
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About Course

You'll delve into the concept of national income and its various measures, equipping you with the tools to analyze a country's economic output of National income class 12
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What I will learn?

  • Gain a critical perspective on how a nation's economic performance is measured.
  • Analyze economic data and trends to understand a country's growth and development.
  • Develop a foundation for further studies in Macroeconomics.
  • Apply this knowledge to make informed investment and business decisions.
  • Analyze economic trends and fluctuations.
  • Compare the economic performance of different nations

Course Curriculum

Ch – 1 Introduction
ECONOMICS (a) Meaning of Economics (b) Types/Branches of Economics (c) Interdependence between Micro and Macro Economics  SCOPE OF MACRO-ECONOMICS.  EVOLUATION OF MACRO-ECONOMICS.  MACRO- ECONOMICS SECTORS OF AN ECONOMY.

Ch- 2 Basic concepts of macro- economics and circular how of income
(I) Basic Concepts of macroeconomics:-  Introduction.  Intermediate Goods.  Final Goods. (a) Consumption Goods. (b) Capital Goods.  The Concepts of stocks and flows.  Gross Investment net investment and Depreciation. (II) Circular Flow of Income:-  Meaning of Circular flow.  Principles of circular flow of income.  Circular flow of income in a two sector economy.  Circular flow of income in a two sector economy with capital market.  Importance of the study of circular flow of income models.  Equilibrium of the flow of national income.

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  • Level
    All Levels
  • Duration
    70 hours
  • Last Updated
    September 12, 2024

Material Includes

  • What is Macroeconomics?
  • Basic concepts in macroeconomics: consumption goods, capital goods, final goods,
  • intermediate goods; stocks and flows; gross investment and depreciation.
  • Circular flow of income (two sector model); Methods of calculating National Income -
  • Value Added or Product method, Expenditure method, Income method.
  • Aggregates related to National Income:
  • Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product
  • (GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and
  • Nominal GDP
  • GDP Deflator, GDP and Welfare

Requirements

  • Good Internet Connection
  • Phone

Tags

class 12 macroeconomics national income class 12

Target Audience

  • Students of class 12 CBSE
  • Students pursuing degrees in Economics, Business, Finance, or related fields.
  • Professionals seeking to enhance their understanding of the national economy.
  • Anyone interested in gaining insights into how a country's economic engine works.

Master the principles of Economics with our comprehensive online courses for Class 12! Learn from engaging instructors and explore interactive modules at your own pace. Our courses are designed to help you

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