JKBOSE Class 12 Economics
The Complete 50 Topic Masterlist
Session 2025-26
Expand Your Prep:
➜ Class 12 Maths
➜ Class 12 Physics
Part A: Microeconomics
- Production Possibility Curve (PPC): Meaning and shifts. Diagram [Image of production possibility curve graph]
- Law of Variable Proportions: Stages of TP, AP, and MP. Guaranteed
- Consumer Equilibrium: Indifference Curve analysis and Budget Line.
- Elasticity of Demand: Percentage and Geometric methods.\[E_d = \frac{\% \Delta Q}{\% \Delta P}\]
- Cost Curves: Relationship between AC, MC, and AVC. Diagram [Image of cost curves economics]
- Market Forms: Features of Perfect Competition and Oligopoly.
- Price Determination: Equilibrium under Perfect Competition.
Part B: Macroeconomics
- Circular Flow of Income: Two-sector model mechanism.
- National Income Aggregates: Conversion between GDP, NNP, MP, and FC. Must Do
- Income & Expenditure Methods: Steps and precautions. Numerical
- Credit Creation: How commercial banks create money.\[\text{Total Credit} = \text{Initial Deposit} \times \frac{1}{LRR}\]
- Central Bank: Functions of RBI (Controller of Credit).
- Investment Multiplier: Relationship with MPC.\[k = \frac{1}{1-MPC}\]
- Inflationary & Deflationary Gaps: Meaning and fiscal/monetary tools.
- Government Budget: Revenue vs Capital receipts and Fiscal Deficit.
Asterisk Classes: Expert Strategy
- The “Graph” Rule: Never explain a law (like Law of Demand or Returns to Scale) without drawing a graph and its corresponding schedule (table). This secures full marks.
- National Income: Use the conversion formula \(Domestic + NFIA = National\) to double-check your numerical answers.
- Differences: Questions like “Micro vs Macro” or “Direct vs Indirect Tax” should always be answered in a table format.