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CBSE Class 12 Micro Economics Revision Notes

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Last updated date: 16th May 2024
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Revision Notes for CBSE Class 12 Micro Economics - Free PDF Download

Microeconomics is one of the subjects that are most interesting and scoring. You can easily score high grades in Microeconomics if you study all the chapters given in the subject thoroughly. This article will give Class 12 students a brief idea about the CBSE Class 12 Microeconomics Chapter wise notes.


Revision notes play a crucial role in studying the topics of each chapter with ease. It is tiresome and hectic to read and revise the entire book every time. With good Class 12 Microeconomics notes, you will be able to cover all the important topics of each chapter easily and whatever you study will remain in your mind as you get a brief idea of each topic.


Hence, to make the Class 12th students microeconomics revision easy, Vedantu strives to provide free CBSE Class 12 Microeconomics Chapter wise notes pdf downloads on this page.


Detailed Overview of Class 12 Micro Economics Revision Notes

Class:

12

Subject:

Micro Economics

Number of Chapters:

6

Content-Type:

Text, Videos, Images and PDF Format

Academic Year:

2024-25

Medium:

English

Available Materials:

Chapter Wise

Other Materials

  • Important Questions

  • NCERT Solutions

Download CBSE Class 12 Micro Economics Revision Notes 2024-25 PDF

Also, check CBSE Class 12 Micro Economics revision notes for all chapters:


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CBSE Class 12 Microeconomics Chapter Wise Notes PDF Download

If you are a commerce student looking for an effective Class 12 Microeconomics chapter - wise notes, then you have searched the right article. You can find the best free CBSE Class 12 Microeconomics Chapter wise notes on this page to make your revision process simple and hassle-free. These revision notes will make your microeconomics revision of each chapter easy as you can rigorously revise each chapter with the Class 12 Microeconomics notes provided here.


You will surely never miss out on any important topics of your CBSE Class 12 Microeconomics syllabus as this Microeconomics notes Class 12 includes detailed information of all the topics given in the chapter. Get access to free CBSE Class 12 Microeconomics Chapter wise notes pdf download now and make your preparation stress-free.


These microeconomics notes are based on class 12 Microeconomics NCERT books and are extremely helpful for revision purposes and preparation for CBSE Class 12 Economics board exams.


There are 6 chapters in the NCERT book for Class 12 Microeconomics. The links for chapter-wise class 12 microeconomics notes pdf is given below in the table. Download free CBSE Class 12 Microeconomics Chapter Wise Notes pdf now by clicking on the links given below.


CBSE Class 12 Economics Weightage 2024-25

Units

Units Name

Marks

Part A

Introductory Macroeconomics



National Income and Related Aggregates

10


Money and Banking

6


Determination of Income and Employment

12


Government Budget and the Economy

6


Balance of Payments

6


Total

40

Part B

Indian Economic Development



Development Experience (1947-90) and Economic Reforms since 1991

12


Current Challenges facing Indian Economy

20


Development Experience of India – A Comparison with Neighbours

8


Total

40

A Few Glimpses of Class 12 Microeconomics Syllabus

Microeconomics is a subject that studies the economic behavior of households, individuals, and firms in making decisions regarding the distribution and utilization of resources.


In short, Microeconomics is generally concerned with:

  • Estimation of prices of individual products and factors.

  • Allocation of resources to their most important use with a view to maximize the total output of an economy (i.e. content with the central problem of an economy such as what to produce, how to products and for whom to produce).

NCERT Class 12 Microeconomics syllabus includes 6 different chapters in which the first chapter is about introduction to Microeconomics whereas other chapter discusses different topics such as the Theory of Consumer Behaviour, Production, and Cost, Theory of Firm Under Perfect Competition, Market Equilibrium, and Non-Competitive Markets.


CBSE Class 12 Microeconomics Reference Books

  • First of all, start with the Class 12 Microeconomics NCERT textbook. Use it for the whole year to clear your basic concepts of different chapters.

  • TR Jain and VK Ohri is another important book that can be referred to. This book is widely used among students because of its simple approach towards the understanding of different concepts and chapters.

  • Class 12 Economics by Sandeep Garg is regarded as one of the best reference books for practice and revision of the entire Class 12 Microeconomics syllabus. Most of the questions given in Sandeep Garg Economics Class 12 are most likely to be asked in the board examination.

Benefits of CBSE Class 12 Microeconomics Chapter Wise Notes by Vedantu

Vedantu’s CBSE Class 12 Microeconomics chapter wise notes are concise and informative that students can use for the economics exam preparation. These CBSE microeconomics notes are one of the effective tools that students can use as content of different topics are presented in an easy-to-read format.


Furthermore, all the important topics of different microeconomics chapters are summarized in a few lines.

Some of the additional benefits of referring to CBSE Class 12 Microeconomics Chapter- Wise Notes offered by Vedantu are discussed below:

  • Helps to provide complete and thorough information on different topics in easy and simple language.

  • It saves you a lot of time in referring to all the important concepts and topics of different chapters at one place. 

  • These microeconomics notes are formulated as per the latest NCERT syllabus.

  • Help to identify the key points for different chapters.

  • Students become more confident during exams.

  • Minimize the chance of making simple but noticeable mistakes.

  • Minimize student’s stress and anxiety.

Finally, we can say that referring to CBSE Class 12 Microeconomics Chapter Wise Notes by Vedantu can do wonders in your final economics board exam. Be the top ranker of your class and get additional benefits with Vedantu CBSE study materials.


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FAQs on CBSE Class 12 Micro Economics Revision Notes

1. How are Class 12 Microeconomics Notes Helpful in Exam Preparation?

Class 12 Microeconomics Notes offered by Vedantu are  the best study material to go through all the important topics covered in Class 12 Microeconomics syllabus.  Revising the entire syllabus through the textbook is quite time consuming and tiresome. Hence, Vedantu offers short revision notes for Class 12 Microeconomics that  you can easily refer to at the time of revision. With the help of these notes, one can quickly recall all the concepts covered in the syllabus. These notes are formulated by Vedantu’s subject matter expert as per the NCERT guidelines. Hence, these notes are quite helpful in scoring greater marks in the subject.

2. From Where we can get Short Class 12 Microeconomics Notes Written by Subject Experts?

Students can get chapter-wise Class 12 Microeconomics Notes on Vedantu’s official website. Vedantu is an excellent online platform where you can find professional and experienced teachers. They are offering students to download chapter-wise Class 12 Microeconomics notes PDF free. Students can easily have access to these materials to enhance their understanding about the concepts of various topics covered in the syllabus. The teachers are always available to clear the students' doubts. The teachers are very friendly and they are experienced to understand the doubts of the students and guide them accordingly. Vedantu online academic is a very user-friendly platform and students can enjoy the benefits from anywhere in the world at their convenient time.

3. What is Microeconomics as per Class 12 Microeconomics?

Microeconomics is the branch of economics concerned with the small-scale economic activity of a person or a business. In Class 12th, students will learn about the three main questions: What to produce? How to produce? When to produce? There are six chapters that focus on different topics for in-depth knowledge of the subject. You can avail Notes for individual chapters curated by best subject teachers from the official website or application of Vedantu for free. These notes are prepared as per the latest guidelines by CBSE, exam patterns and marking scheme. 

4. How many chapters are there in Microeconomics of Class 12?

Microeconomics of Class 12 has a total of six chapters. They are as follows:

  • Introduction to Microeconomics

  • Theory of Consumer Behavior

  • Production and Costs

  • Theory of a firm under Perfect Competition

  • Market Equilibrium

  • Non-competitive Markets.

Starting from the basics and importance of the subject to the requirements of a production house, cost curve, knowing the consumer, and different types of markets, you will learn about everything intensively in these chapters.

5. Why is it important to study Macroeconomics?

Macroeconomics concerns the estimation of prices of individual products and factors. Also the allocation of resources to their most important use with a view to maximizing the total output of an economy. It is crucial to study microeconomics in Class 12th to understand and estimate three questions related to production: what, how, and when. This subject also gives you an insight into everything that is required to step into the market as a producer.

6. What is market equilibrium according to Microeconomics of Class 12?

Market equilibrium is a stage of balance where the market demand and supply for a commodity is equal. It necessitates a balance of supply and demand, as well as the absence of external influences, in order for the values of economic variables to remain constant. This is an unachievable state because there are various external factors affecting the market at all times. On the demand and supply graph, it is denoted by the intersection of both curves.

7. What do you understand about Production according to Microeconomics of Class 12?

Production is the process of converting raw materials into marketable goods. Bringing together diverse inputs to create a valuable product and service is part of the process. For example, a tea producer gathers the leaves from the gardens and processes them into a consumable tea packet. Likewise, anything that is converted from raw materials into something we consume is production. You can learn about the two types of production and factors that influence production in Notes for Microeconomics Class 12th. The notes are free of cost and also available on the Vedantu Mobile app.