This book has been designed strictly according to new syllabus introduced by the Central Board of Secondary Education (CBSE) for the board examination to be held in 2014 along with value based questions and for all India Senior School Certificate Examination. The subject matter of this book has been presented in a lucid manner so as to be intelligible to all students, who have a working knowledge of English. The main objective in this book is to expose the various concepts in a simple and crisp manner and thus help the students of different levels to understand the subject matter very clearly so that they can remember for a long time. This edition contains a large number of fully solved analytically questions with special care of necessary graphical presentation so that it becomes easier for the students to clear their concept. The new syllabus concentrates upon micro- and macroeconomics and their related aspects. This edition is a precise analysis of both the parts, and the author has made a sincere effort to deal with each topic of syllabus diligently. The book contains part-wise and chapter-wise division of the subject economics into two micro- and macroeconomics, and at last, there are hundreds of multiple-choice questions for the Common Proficiency Test (CPT). Therefore, the students will be highly benefited not only for the board examination but also to clear the entrance test for CA. Examination and to build their career. I hope this will be a very useful and reliable book to all readers.

The issues of microeconomics - including individuals' financial choices and firms' decisions about hiring and firing - have a large impact on the economic world, arguably as much, if not more than, macroeconomics. In this Very Short Introduction Avinash Dixit clearly explains what microeconomics is by using examples from around the world.

Introductory Economics: A Textbook for Class XII deals with fundamentals of Micro and Macroeconomics for the beginners as per the new syllabus issued by NBSE and CBSE.

Economics.

Introductory Economics deals with the national economy as a whole—macroeconomics, in terms of inflation and unemployment. The book also discusses individual economic decision-makers—microeconomics, in view of the problems of scarcity and choice. Macroeconomics uses the market model of demand and supply as a tool to analyze the causes of, and present some cures for modern economic ailments. The text examines the economics of government fiscal policies with the framework of an aggregate demand and supply model. The book compares monetary policy and fiscal policy, explains the monetarist model of economic activity, and also investigates the roles of money, credit, interest rates. These economic activities have international consequences such as in trade, exchange rates, and on prevailing and future national economic policies. In microeconomics, the book focuses on the economics of exchange, the market mechanisms that increase the gains from trade, and the problems of choice facing consumers and producers in a competitive market. The text also tackles the problems found in resource markets (labor, natural resources, energy), in market failure, as well as analyzes the role of government. Economists, sociologists, students of economics or business, general readers interested in real-world economics, and policy makers involved in national economic development will find the book valuable.