CBSE Class 12 Economics - Macroeconomics
Macroeconomics is a branch of Economics which studies the economy as a whole. Topics like national income, aggregate employment, investment, consumption, price level etc. are covered in Macroeconomics. TopperLearning’s CBSE 12 Commerce Economics solutions help students to understand the key concepts of the economy in order to ace their exams. We have sample papers, textbook solutions, chapter summaries, video lessons etc. to make learning easier.
CBSE Class 12-commerce Textbook Solutions, Videos, Sample Papers & More
Chapter 1 – Introduction to Macroeconomics
This chapter focuses on the nation’s total manufacturing and the employment associated with each sector. The variables which contribute towards the overall growth of the economy in Macroeconomics are cost price, wage rate, rate of interest, profit etc.
Chapter 2 – National Income Accounting
In this chapter, the basic concepts in Macroeconomics are covered such as circular flow of income in a two-sector economy, methods for national income accounting, macroeconomic aggregates, real and nominal GDP and the relationship between GDP and welfare.
Chapter 3 – Money and Banking
This chapter covers topics related to the meaning of money, the supply of money, the role of commercial banks in money creation, the central bank and its functions (with reference to RBI) and the methods of credit control by RBI (quantitative and qualitative).
Chapter 4 – Income Determination
This chapter covers a vast number of topics such as aggregate demand and supply and its components, the propensity to consume and save, investment multiplier, determination of income and employment, AD-AS and savings–investment approach, the concept of excess demand and deficient demand and the measures to correct them.
Chapter 5 – The Government Budget and the Economy
This chapter covers the meaning, components and objectives of the Government budget as well as the classification of receipts and expenditure.
Chapter 6 – Open Economy Macroeconomics
In this chapter, you will get a clear understanding of the concept of exchange rate and its determination and the different exchange rate systems. You will also understand appreciation and depreciation, its impact on exports and imports, the concept of balance of payments and its components—current and capital accounts, and the concept of budget deficit and its types.
CBSE Class 12-commerce MIQs, Subjective Questions & More
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TopperLearning’s CBSE Class 12 study materials include video lessons, subject notes, sample papers, previous years’ question papers and more. To master the concepts in the chapters, you need to create a plan by first going through the latest syllabus and then get into action.
Prepare your study timetable for each subject. Allot time for reading our study materials such as chapter notes. These notes will quickly take you through the key points of each chapter in the syllabus. The next step is to revise the chapters as much as possible. Also, avoid relying on mindless mugging, as understanding is imperative here.
To score more marks, practise the model answers for all the numerical questions/application-based questions etc. in our study materials. Finally, you can gauge your knowledge by using our online self-assessment resources.
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Our Most Important Questions or MIQs are a dedicated section which lists only the important questions and topics for the exam.
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TopperLearning’s intense practice and revision-based study materials ensure that if students follow every instruction, they will clear their exams with flying colours.
What should I read for CBSE Class 12 exam revision?
You can read the chapter summaries or the revision notes for a quick brush up before your exams.
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If you struggle to understand a concept, you can refer to our video lessons. And if you still have some doubts, you can use the Ask the Expert forum.
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TopperLearning has 950+ video lessons, 200+ revision notes, 8500+ questions and 15+ sample papers (including CBSE Class 12 sample papers 2019) for CBSE students. The study materials at TopperLearning are designed to give you clarity of the concepts that you study in class.
CBSE Class 12-commerce Macroeconomics Frequently Asked Questions
All chapters of class 12-commerce Macroeconomics CBSE, in the prescribed syllabus by the CBSE and based on the NCERT curriculum have their importance and weightage. TopperLearning have taken into consideration all minute details from the curriculum to ensure that the syllabus of class 12-commerce Macroeconomics CBSE is aligned properly. Each chapter of class 12-commerce Macroeconomics CBSE has various concepts that are aligned to the NCERT Learning outcomes and plays a specific role in improving outcomes. CBSE class 12-commerce Macroeconomics chapter list will give you an idea of the entire course curriculum coverage.
To start with Class 12-commerce Macroeconomics CBSE, one should clearly understand the syllabus and course structure first. Teachers will help giving an introduction and of the syllabus and ways it will help them to improve their learning levels. Once a learner slowly understands the concepts, it is recommended to initiate practice a habit. ToppeLearning can aid students to practice with tests and do a quick revision of the concepts learnt in the class with important resources like Video lessons, notes and sample papers. Practicing and revising all these resources from initial will help them understand the concepts with clarity. Nowadays, the questions are asked keeping in mind the problem solving and applications of concepts into consideration. Always try to clear the concepts of Class 12-commerce Macroeconomics CBSE that you do not understand. Avoid skipping topics or concepts. Revise crucial topics watching concept and problem solving videos at TopperLearning after your school or online classes or as required.
To score good marks in Macroeconomics Class 12-commerce CBSE, one needs to understand the concepts really well. If a learner is well aware of the core concepts then it becomes very easy to attempt problems asked on those concepts. This also motivates learners to gain knowledge and excel in studies. Once a learner has understood the concepts in Macroeconomics Class 12-commerce CBSE then practice should become a daily ritual as it is the key to let know about strengths and weaknesses. For subjects like Maths, practice is the key. For Science, knowing how to apply a learnt concept into daily life and problem solving is crucial. Once a learner is able to know what is happening around, can relate to the theories learnt in the books. Writing answers is also a good habit as it strengthens your communication skills and keeps a check on areas to improve which will enable scoring good marks in exams. Keep revising crucial topics watching concept and problem solving videos at TopperLearning after your school or online classes or as required.
Some students consider Class 12-commerce Macroeconomics chapters as interesting than Maths chapters. Actually, the interests vary from student to student as some like History chapters than Class 12-commerce Macroeconomics. It is very evident that most students who like Maths, chapters related to Algebra, Percentages, Profit and Loss, Trigonometry, etc. interested the most. Students who have planned for various scholarships, Olympiads or competitive exams mostly find chapters related to metals and non-metals, acids and bases, light, energy, work, power, etc. In Social Macroeconomics, students mostly find interests in stone and Iron Age history, about the medieval age, world history and India’s struggle for independence, etc. At TopperLearning you will get access to the bank of resources in the form of videos, notes, a huge question bank, Class 12-commerce Macroeconomics NCERT solutions etc., which will help you gain knowledge on the chapters that interest you the most. Just make sure to go through the TopperLearning Plans for your board-grade combination.
Our Most Important Questions or MIQs are a dedicated section which lists only the important questions and topics for the exam.
TopperLearning’s intense practice and revision-based study materials ensure that if students follow every instruction, they will clear their exams with flying colours.
You can read the chapter summaries or the revision notes for a quick brush up before your exams.
If you struggle to understand a concept, you can refer to our video lessons. And if you still have some doubts, you can use the Ask a Doubt forum.
TopperLearning has 950+ video lessons, 200+ revision notes, 8500+ questions and 15+ sample papers (including CBSE Class 12 sample papers 2019) for CBSE students. The study materials at TopperLearning are designed to give you clarity of the concepts that you study in class.