class 12 economics notes OVERVIEW :
Class 12 Economics issued by the National Examination Board (NEB) is a comprehensive course designed to provide students with a strong foundation in the principles and concepts of economics. The course is divided into two parts, namely, Microeconomics and Macroeconomics.
The Microeconomics section of the course covers topics such as the theory of demand and supply, consumer behavior, production, and costs. Students will also learn about different market structures, including perfect competition, monopoly, monopolistic competition, and oligopoly. In addition, they will study topics such as price discrimination, factor pricing, and welfare economics.
The Macroeconomics section of the course focuses on the study of the economy as a whole. Students will learn about topics such as national income, inflation, unemployment, and monetary and fiscal policies. They will also study the balance of payments, exchange rates, and international trade.
The Class 12 Economics course issued by NEB also emphasizes the development of analytical and critical thinking skills. Students will be required to apply the principles and concepts they have learned to analyze real-world economic issues and problems. They will also be expected to understand the role of economic policies in addressing these issues.
Overall, the Class 12 Economics course issued by NEB is a rigorous and challenging course that prepares students for higher education and careers in fields such as economics, business, finance, and public policy. The course provides students with a solid foundation in the principles and concepts of economics, as well as the analytical and critical thinking skills necessary to succeed in these fields.