NCERT Books Class 12 Macroeconomics Chapter 1- Introduction

Safalta Expert Published by: Noor Fatima Updated Mon, 18 Jul 2022 12:14 PM IST

Highlights

Here is the information about NCERT Books Class 12 Macroeconomics Chapter 1. You can give a read to this blog and get PDFs of the subject.

NCERT Books Class 12 Macroeconomics Chapter 1- Introduction is accessible here for download purposes. You can download the PDF for and learn from the book anytime you want.

Students who are studying in Class 12 and candidates who are preparing for competitive exams can download the PDF for NCERT Books Class 12 Macroeconomics Chapter 1- Introduction to learn from the reading material.  

Taking these course books as a reference can be really helpful to prepare for any sought exam. You can keep the digital form of the book handy and learn from it without any time constraints.

When you don't have access to a physical copy, digital NCERT Books Class 12 Macroeconomics PDF are always useful.
 
You may read NCERT Book for Class 12 Macroeconomics Chapter 1 Introduction here. You may find links to Class 12 Macroeconomics Notes, NCERT Solutions, Important Questions, Practice Papers, and more after each chapter.

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Table of Contents
Content of the Chapter
Starting of the Chapter
Glimpses of the Chapter
PDF Link

The Chapter ' Introduction ' explains the following-

  • Acknowledgement
  • Content

Introduction Goes Like This-

You must have already been introduced to a study of basic microeconomics. This chapter begins by giving you a simplified account of how macroeconomics differs from the microeconomics that you have known.

Those of you who will choose later to specialise in economics, for your higher studies, will know about the more complex analyses that are used by economists to
study macroeconomics today. But the basic questions of the study of macroeconomics would remain the same and you will find that these are actually the broad economic questions that concern all citizens – Will the prices as a whole rise or come down? Is the employment condition of the country as a whole, or of some sectors of the economy, getting better or is it worsening? What would be reasonable indicators to show that the economy is better or worse? What steps, if any, can the State take, or the people ask for, in order to improve the state of the economy? These are the kind of questions that make us think about the health of the country’s economy as a whole. These questions are dealt within macroeconomics at different levels of complexity.

In this book you will be introduced to some of the basic principles of macroeconomic analysis. The principles will be stated, as far as possible, in simple language. Sometimes elementary algebra will be used in the treatment for introducing the reader to some rigour.

If we observe the economy of a country as a whole it will appear that the output levels of all the goods and services in the economy have a tendency to move together. For example, if output of food grain is experiencing a growth, it is generally accompanied by a rise in the output level of industrial goods. Within the category of industrial goods also output of different kinds of goods tend to rise or fall simultaneously. Similarly, prices of different goods and services generally have a tendency to rise or fall simultaneously. We can also observe that the employment level in different production units also goes up or down together.

If aggregate output level, price level, or employment level, in the different production units of an economy, bear close relationship to each other then the task of analysing the entire economy becomes relatively easy. Instead of dealing with the above mentioned variables at individual (disaggregated) levels, we can think of a single good as the representative of all the goods and services produced within the economy. This representative good will have a level of production which will correspond to the average production level of all the goods and services. Similarly, the price or employment level of this representative good will reflect the general
price and employment level of the economy. 

In macroeconomics we usually simplify the analysis of how the country’s total production and the level of employment are related to attributes (called ‘variables’) like prices, rate of interest, wage rates, profits and so on, by focusing on a single imaginary commodity and what happens to it. We are able to afford this simplification and thus usefully abstain from studying what happens to the many real commodities that actually are bought and sold in the market because we generally see that what happens to the prices, interests, wages and profits etc. for one commodity more or less also happens for the others. Particularly, when these attributes start changing fast, like when prices are going up (in what is called an inflation), or employment and production levels are going down (heading for a depression), the general directions of the movements of these variables for all the individual commodities are usually of the same kind as are seen for the aggregates for the economy as a whole.

We will see below why, sometimes, we also depart from this useful simplification when we realise that the country’s economy as a whole may best be seen as composed of distinct sectors. For certain purposes the interdependence of (or even rivalry between) two sectors of the economy (agriculture and industry, for example) or the relationships between sectors (like the household sector, the business sector and government in a democratic set-up) help us understand some things happening to the country’s economy much better, than by only looking at the economy as a whole. 
 

Some Glimpses of the Chapter are-












 
Scroll down to get the PDF download link.

Download the NCERT Book for Macroeconomics, Class 12 in PDF.

Downloading the NCERT Class 12 Books is simple. Simply click the link, and a new window containing all the chapter-by-chapter NCERT Book Class 12 Macroeconomics PDF files will open. The chapter you want to download has been selected. The PDF will be on your device so you can read it offline.

NCERT Book for Class 12 Macroeconomics Chapter 1 Introduction - PDF Download

Where can you download ‘Introduction' PDF?

Candidates can download NCERT Books Class 12 Macroeconomics Chapter 1- Introduction PDF for free on our page. Links are given below.

Macroeconomics Chapter 1 Introduction

What topics are covered in ‘Introduction' Chapter?

The Chapter ' Introduction ' explains the following-

  • Acknowledgement
  • Content

Is NCERT enough for Macroeconomics Class 12?

Yes, these are. The book can also assist in dispelling uncertainties. Studying from the NCERT Book for Class 12 Macroeconomics also has the following advantages:
  • The NCERT Books Class 12 Macroeconomics provides students with in-depth knowledge of economics.
  • The course books include illustrations that might aid students in comprehending the chapters.
  • These books can aid learners in independent study

Are the CBSE Books for Class 12 Macroeconomics significant for board exams?

For higher courses and board exams, the chapters in the CBSE Books for Class 12 Macroeconomics are essential. For Class 12 Economics, students should read the chapter provided in the CBSE books. These examples and drill questions can help you get high marks.
 
We offer practice test questions to assist you sharpen your exam preparations and earn top grades. E-books can also be downloaded if you want to prepare even more thoroughly.

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