Introductory Economics ?A Textbook for Class XII deals with fundamentals of Micro and Macroeconomics for the beginners as per the new syllabus issued by NBSE and CBSE. Part-A of the book deals with Microeconomics containing five units and Part-B contains another six units explaining the basics of Macroeconomics. A total of eleven units have been suitably divided into twenty seven chapters.
Other important features of the book are: Special notes on Giffen goods, Vablen goods, Great depression, Marxian unemployment, Gresham?s law etc.
153 solved questions taken from NBSE examination papers.
39 solved numerical problems on important topics.
NBSE question papers from 1995 to 2005.
A brief explanation of important economic terms.
Simplified figures and tables to grasp the subject.
A brief life history of famous Economists.
Written in very simple language substantiated with real life examples.
Useful for both Arts and Commerce students (CBSE; NBSE).
Tips to pass examination in a better way.
About the Author(s): Subhendu Dutta is lecturer, Department of Economics, Public College of Commerce, Nagaland University. He obtained MA [Economics] (First-class-First) from Assam University, Silchar and was awarded Gold Medal for the same. He is presently engaged in research on rural development in Nagaland.
Contents: PART-A: INTRODUCTORY MICROECONOMICS UNIT 1?
Introduction to Microeconomics
Problems of an Economy
Demand and Law of Demand
Elasticity of Demand
Theory of Production
Supply and its Determinants
Concepts of Cost
Concepts of Revenue
Forms of Market and Price Determination
Factor Price Determination
Factor Prices, Comparative Advantage and International Trade
PART-B: INTRODUCTORY MACROECONOMICS
UNIT 6? Intro-duction to Macroeconomics
National Income and Related Aggregates
Measure-ments of National Income?Value Added Method
Measurement of National Income?Income Methods
Measurement of National Income?Expenditure Method
UNIT 8? Aggregate Demand and Aggregate Supply
Determination of Income and Employment
Concept of Multiplier
Excess and Deficient Demand
Meaning as Functions
UNIT 10 ?
Meaning and Components
Foreign Exchange Rate
Meaning and Determination
Balance of Payments Account?Its Meaning and Components
Solved Questions from Exam. Papers
Solved Numerical Problems
NBSE Question Papers (1995?2005)
Elementary Economic Terms
Introductory Economics (Micro and Macro) A Textbook for Class XII
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