CBSE Class 12 commerce 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.
List of chapters in Macroeconomics
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.
How can TopperLearning help a student of CBSE Class 12?
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.
Where can I find the important questions for the CBSE Class 12 exams?
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.
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