Economics XII Part-I

It is a course which offers understanding of the various principles of microeconomics. Here effort has been made to familiarize learners with the beauty of economic analysis without burdening them with the technical details. Here, there is discussion on the various aspects of consumer behaviour, producer behaviour and their interaction in the market. One such market i.e. perfect market includes discussion on how to maximize efficiency and generate surplus for both consumers and the producers. Such a market is very rare in the economy. Thus, there is also a discussion on different types of imperfect market like monopoly etc. We hope these steps will take us significantly towards the child centred education as advocated in the National Policy of Education (1986). The course will motivate the teachers to reflect on their own teaching and treat children as participant in learning. It is a course which offers understanding of the various principles of microeconomics. Here effort has been made to familiarize learners with the beauty of economic analysis without burdening them with the technical details. Here, there is discussion on the various aspects of consumer behaviour, producer behaviour and their interaction in the market. One such market i.e. perfect market includes discussion on how to maximize efficiency and generate surplus for both consumers and the producers. Such a market is very rare in the economy. Thus, there is also a discussion on different types of imperfect market like monopoly etc. We hope these steps will take us significantly towards the child centred education as advocated in the National Policy of Education (1986). The course will motivate the teachers to reflect on their own teaching and treat children as participant in learning.