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B.L. Gupta Solutions for Understanding ISC Economics [English] Class 12 ISC

CISCE Class 12 Economics Solutions Guide

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CISCE Class 12 Economics Textbook Solutions

Questions and answers for the Class 12 Economics Textbook are on this page. B.L. Gupta Solutions for Class 12 Economics Digest CISCE will help students understand the concepts better.


B.L. Gupta Solutions for Class 12 Economics Chapterwise List | Class 12 Economics Digest

The answers to the B.L. Gupta books are the best study material for students. Listed below are the chapter-wise B.L. Gupta Economics Class 12 Solutions CISCE.

Chapters

  • Unit 1: Micro Economic Theory
  •  • 1: Demand and Shifts in Demand
  •  • 2: Consumer's Equilibrium
  •  • 3: Elasticity of Demand
  •  • 4: Supply and Elasticity of Supply
  •  • 5: Equilibrium Price
  •  • 6: Simple Applications of Tools of Demand and Supply
  •  • 7: Concept of Product and Production Function
  •  • 8: Cost and Revenue
  •  • 9: Producer's Equilibrium
  •  • 10: Market Forms and Equilibrium of the Firm
  • Unit 2: Theory Of Income And Employment
  •  • 11: Income Determination
  •  • 12: Problems of Deficient and Excess Demand
  • Unit 3: Money And Banking
  •  • 13: Money: Meaning and Functions
  •  • 14: Commercial Banks and Central Bank
  • Unit 4: Balance Of Payments And Exchange Rate
  •  • 15: Balance of Payments
  •  • 16: Foreign Exchange Rate
  • Unit 5: Public Finance
  •  • 17: Fiscal Policy
  •  • 18: Government Budget and Concepts of Deficit
  • Unit 6: National Income
  •  • 19: Circular Flow of income
  •  • 20: Concepts of National Income
  •  • 21: Measurement of National Income

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B.L. Gupta Solutions for Understanding ISC Economics [English] Class 12 ISC - Shaalaa.com
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Chapters covered in B.L. Gupta Solutions for Understanding ISC Economics [English] Class 12 ISC

B.L. Gupta Solutions for Class 12 Economics (12th) 1: Demand and Shifts in Demand

Concepts covered in Demand and Shifts in Demand are Change in Demand – Shift in Demand Curve, Cross Price Effects, Demand Curve, Demand Function, Demand Schedule, Determinants of Demand, Difference Between Contraction and Decrease in Demand, Difference Between Extension and Increase in Demand, Exceptions to the Law of Demand, Features of Demand, Impact of Tastes and Preferences on Demand for a Commodity, Importance of the Law of Demand, Individual Demand Curve to Market Demand Curve, Industry Demand Vs Firm Demand, Introduction to Demand, Introduction to Microeconomics and Macroeconomics, Law of Demand, Linear Demand Curve, Macroeconomics, Macroeconomics Vs Microeconomics, Meaning of Demand, Microeconomics, Movement Along the Demand Curve, Quantity Demanded and Demand, Reasons for the Downward Slope of the Demand Curve, Relationship Between Income and Demand, Slope of the Demand Curve, Types of Demand.

B.L. Gupta Solutions for Class 12 Economics (12th) 2: Consumer's Equilibrium

Concepts covered in Consumer's Equilibrium are Change in Demand – Shift in Demand Curve, Cross Price Effects, Demand Curve, Demand Function, Demand Schedule, Determinants of Demand, Difference Between Contraction and Decrease in Demand, Difference Between Extension and Increase in Demand, Exceptions to the Law of Demand, Features of Demand, Impact of Tastes and Preferences on Demand for a Commodity, Importance of the Law of Demand, Individual Demand Curve to Market Demand Curve, Industry Demand Vs Firm Demand, Introduction to Demand, Introduction to Microeconomics and Macroeconomics, Law of Demand, Linear Demand Curve, Macroeconomics, Macroeconomics Vs Microeconomics, Meaning of Demand, Microeconomics, Movement Along the Demand Curve, Quantity Demanded and Demand, Reasons for the Downward Slope of the Demand Curve, Relationship Between Income and Demand, Slope of the Demand Curve, Types of Demand.

B.L. Gupta Solutions for Class 12 Economics (12th) 3: Elasticity of Demand

Concepts covered in Elasticity of Demand are Arc Elasticity of Demand, Concept of Elasticity of Demand, Factors Affecting Price Elasticity of Demand, Importance of Elasticity of Demand, Methods of Measuring Price Elasticity of Demand, Numerical Problems of Price Elasticity of Demand, Percentage or Proportionate Method, Point Method (Geometric Method), Revenue Method, Total Expenditure Method, Types of Elasticity of Demand > Cross Elasticity, Types of Elasticity of Demand > Income Elasticity, Types of Elasticity of Demand > Price Elasticity.

B.L. Gupta Solutions for Class 12 Economics (12th) 4: Supply and Elasticity of Supply

Concepts covered in Supply and Elasticity of Supply are Categories (Degrees) of Elasticity of Supply, Change in Supply> Extension and Contraction in Supply, Change in Supply> Increase and Decrease in Supply, Concept of Supply, Contraction of Supply and Decrease in Supply, Determinants of Elasticity of Supply, Determinants of Supply, Distinction Between Supply and Stock, Elasticity of Supply, Exceptions to the Law of Supply, Expansion of Supply and Increase in Supply, Individual Supply Schedule and Supply Curve, Law of Supply, Market Supply Schedule and Supply Curve, Measurement of Elasticity of Supply > Geometric or Point Method, Measurement of Elasticity of Supply > Percentage Method, Price Elasticity of Supply, Shifts in the Supply Curve, Supply Schedule and Supply Curve, Time Period and Supply.

B.L. Gupta Solutions for Class 12 Economics (12th) 5: Equilibrium Price

Concepts covered in Equilibrium Price are Applications of Tools of Demand and Supply Price Control, Basic Concepts of Equilibrium and Equilibrium Price, Effects of Changes (Shifts) in Demand on Equilibrium Price and Equilibrium Quantity, Effects of Changes (Shifts) in Supply on Equilibrium Price and Equilibrium Quantity, Effects of Simultaneous Changes (Shifts) in Demand and Supply, Equilibrium Price and Quantity in a Competitive Market, Minimum Price Legislation or Floor Price, Mаximum Price Legislation or Price Ceiling and Rationing, Some Special Cases of Equilibrium.

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B.L. Gupta Solutions for Class 12 Economics (12th) 6: Simple Applications of Tools of Demand and Supply

Concepts covered in Simple Applications of Tools of Demand and Supply are Applications of Tools of Demand and Supply Price Control, Basic Concepts of Equilibrium and Equilibrium Price, Effects of Changes (Shifts) in Demand on Equilibrium Price and Equilibrium Quantity, Effects of Changes (Shifts) in Supply on Equilibrium Price and Equilibrium Quantity, Effects of Simultaneous Changes (Shifts) in Demand and Supply, Equilibrium Price and Quantity in a Competitive Market, Minimum Price Legislation or Floor Price, Mаximum Price Legislation or Price Ceiling and Rationing, Some Special Cases of Equilibrium.

B.L. Gupta Solutions for Class 12 Economics (12th) 7: Concept of Product and Production Function

Concepts covered in Concept of Product and Production Function are Basics of Production Theory, Changes in Production, Comparison Between Laws of Returns and Returns to Scale, Concept of Indivisibility, Concept of Product, Diseconomies of Scale, Economies of Scale, Explanation of the Law of Variable Proportions, Factors of Production, Law of Variable Proportions, Production Function, Relationship between Average Product (AP) and Marginal Product (MP), Relationship between Total Product (TP) and Marginal Product (MP), Returns to a Factor - Laws of Returns to a Variable Factor, Returns to a Factor or Law of Returns, Scale of Production, Stages of Operation and the Decision to Produce, Three Stages of Production, Types of Production Functions, Variation of Output in the Long Run - Returns to Scale, Variation of Output in the Short-Run Returns to a Factor.

B.L. Gupta Solutions for Class 12 Economics (12th) 8: Cost and Revenue

Concepts covered in Cost and Revenue are Behaviour of Cost in the Short - Run, Cost Concepts > Average Cost, Cost Concepts > Marginal Cost, Cost Concepts > Total Costs, Cost of Production, Costs in Long Run Period, Difference Between Short - Run & Long Run Costs, Long-Run Cost Curves, Relation Between Total, Average and Marginal Revenue, Relationship between Average and Marginal Cost, Relationship Between (Mutual Determination) AR, MR, and Elasticity of Demand, Revenue Concepts, Revenue Curve under Imperfect Competition, Revenue Curve under Monopoly, Revenue Curve under Oligopoly, Revenue Curve under Perfect Competition, Significance of Revenue Curve, Theories of Costs: Traditional Theory of Costs/Short Run Cost Curves.

B.L. Gupta Solutions for Class 12 Economics (12th) 9: Producer's Equilibrium

Concepts covered in Producer's Equilibrium are Bilateral Monopoly, Classification of Market Structure, Comparison between different forms of market, Concept of Market, Concept of Monopsony, Demand Curves of Firms under Different Market Forms, Duopoly, Factors Determining Market / Extent of Market, Market Structure, Monopolistic Competition, Monopoly, Oligopoly, Other Forms of Market, Perfect Competition.

B.L. Gupta Solutions for Class 12 Economics (12th) 10: Market Forms and Equilibrium of the Firm

Concepts covered in Market Forms and Equilibrium of the Firm are Bilateral Monopoly, Classification of Market Structure, Comparison between different forms of market, Concept of Market, Concept of Monopsony, Demand Curves of Firms under Different Market Forms, Duopoly, Factors Determining Market / Extent of Market, Market Structure, Monopolistic Competition, Monopoly, Oligopoly, Other Forms of Market, Perfect Competition.

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B.L. Gupta Solutions for Class 12 Economics (12th) 11: Income Determination


B.L. Gupta Solutions for Class 12 Economics (12th) 12: Problems of Deficient and Excess Demand


B.L. Gupta Solutions for Class 12 Economics (12th) 13: Money: Meaning and Functions


B.L. Gupta Solutions for Class 12 Economics (12th) 14: Commercial Banks and Central Bank


B.L. Gupta Solutions for Class 12 Economics (12th) 15: Balance of Payments


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B.L. Gupta Solutions for Class 12 Economics (12th) 16: Foreign Exchange Rate


B.L. Gupta Solutions for Class 12 Economics (12th) 17: Fiscal Policy


B.L. Gupta Solutions for Class 12 Economics (12th) 18: Government Budget and Concepts of Deficit


B.L. Gupta Solutions for Class 12 Economics (12th) 19: Circular Flow of income


B.L. Gupta Solutions for Class 12 Economics (12th) 20: Concepts of National Income


B.L. Gupta Solutions for Class 12 Economics (12th) 21: Measurement of National Income


B.L. Gupta Solutions for Understanding ISC Economics [English] Class 12 ISC

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