Class 12 Economics ( Video lectures + Books) Course code: 101 cover

Class 12 Economics ( Video lectures + Books) Course code: 101

This course includes Video lectures and physical books of Indian economy and macroeconomics to be delivered at the doorstep. For more details check description of course.

layers 2 Courses

Language: English

Valid Till: 2020-03-31

₹2700 68% OFF


Features of Books:

a) Student-friendly language.

b) Concept linkage with practical examples.

c) Authorised publication by Hope International.

d) Successfully running in various schools and coaching centres of India.

Features of Course:

a) Concept clarity with full patience. 

b) Deep understanding of ideas to answer even most technical questions of economics.

c) Discussion on all basic concepts with detailed reasoning.

d) linkage of theory in practical life.

e) E-Book: Chapter-wise Mock test papers for self-assessment.

f) E-Book: Complete syllabus Mock test papers for self- assessment.

g) Doubt solving platform.

h) "Counselling over the phone" with a subject expert in case of complicated uncertainties and general doubts by prior appointment. Once you call the helpline number 8888880402, they will take your some details and fix the telephonic interview with an expert to clear your doubts.

i) Exclusive videos to revise all graphs of macroeconomics " Graphs at one glance".

j) Exclusive footage of twenty-five most essential questions in macroeconomics.

k) Unique videos on common mistakes made by students in every chapter of macroeconomics while writing the answers in exams.

Book and Course content


Unit 1: National Income and Related Aggregates
What is Macroeconomics?  Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation. Circular flow of income (two-sector model); Methods of calculating National Income - Value Added or Product method, Expenditure method, Income method. 

Aggregates related to National Income: 
Gross National Product (GNP), Net National Product (NNP), Gross and Net Domestic Product (GDP and NDP) - at market price, at factor cost; Real and Nominal GDP. GDP and Welfare. 

Unit 2: Money and Banking
Money - meaning and supply of money - Currency held by the public and net demand deposits held by commercial banks. Money creation by the commercial banking system. The central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker's Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement. 

Unit 3: Determination of Income and Employment
Aggregate demand and its components. 
The propensity to consume and propensity to save (average and marginal). Short-run equilibrium output; investment multiplier and its mechanism. Meaning of full employment and involuntary unemployment. Problems of excess demand and deficient demand; measures to correct them - changes in government spending, taxes and money supply. 

Unit 4: Government Budget and the Economy
Government budget - meaning, objectives and components. Classification of receipts - revenue receipts and capital receipts; classification of expenditure – revenue expenditure and capital expenditure. Measures of government deficit - revenue deficit, fiscal deficit, primary deficit their meaning. 

Unit 5: Balance of Payments
Balance of payments account - meaning and components; the balance of payments deficit meaning. Foreign exchange rate - meaning of fixed and flexible rates and managed floating. Determination of exchange rate in a free market. 


Indian Economic Development 
Unit: Development Experience (1947-90) and Economic Reforms since 1991: A brief introduction of the state of Indian economy on the eve of independence. Common goals of Five Year Plans. 
 Main features, problems and policies of agriculture (institutional aspects and new-agricultural strategy, etc.), industry (industrial licensing, etc.) and foreign trade. Economic Reforms since 1991: Features and appraisals of liberalisation, globalisation and privatisation (LPG policy);  Concepts of demonetization and GST.
Unit: Current challenges facing Indian Economy: Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment; Rural development: Key issues - credit and marketing - the role of cooperatives; agricultural diversification; alternative farming - organic farming 
Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India 

Unit: Employment: Formal and informal growth; problems and policies. 
Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment; Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming. 
Unit: Development Experience of India: A comparison with neighbours India and Pakistan India and China Issues: growth, population, sectoral development and other Human Development Indicators. 


Frequently asked questions

How will I get the book?

Once you order the book, you will get the FORM Inside to fill the address details. After filling the address details, your Book will be dispatched in 2-3 business days.

How to get a tracking ID?

Once you fill the address details in a form, our executive will dispatch the book in 2-3 business days. After sending the book, a tracking ID will appear in the way from which you can track your book on Indian post website.

Is there any separate shipment charges?


How to access the course after buying it?

After buying the course, log-in again and you will get access in your ID.

How to study after buying the course?

You will observe the introduction video at the beginning of the course that will correctly guide you in answering your questions like a) Which chapters to be started first b) How to make notes out of videos c) How to give test papers d) How to revise course regularly.

Is any additional material is required to be solved after this course?

Well, our team of experts are working day and night to provide you with the best content, and we certainly don't recommend to solve any other material apart from our videos, mock test papers and books of Chandan Poddar.

Is It possible to score 100 marks from videos?

Well, we have covered the complete course, and in case you need any assistance we are always with you but to get a hundred marks you need to commit your hard work, consistency and commitment for studies. 

How to ask doubts?

Our research aims at developing such content which can be easily understood by student in the first attempt of learning, and no doubt left after watching these videos. Still, we have provided a doubts solving platform that you can access after purchasing the course, and the team of experts will be happy to serve you.

What does this course include?

This course includes E-books and complementary video lectures of the entire session.

Is there any restriction on the number of views?

No, you can watch any lecture any number of times until the course validation date. But, there are security measures to prevent the sharing of IDs and avoiding its commercial use. 

Is videos can be downloaded?

For one time you can download the video on a single mobile device. However, you can watch it online without any restriction

Still any doubt?

call at: 888-888-0402 

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