Understanding I.S.C. Economics Class- XII

The entire subject-matter has been divided into four units. Unit-I begins with the general introduction to micro economic theory. Unit-II explains the concept and methods of measurement of national income. Unit-III deals with the theory of international trade and balance of payments. And the last unit i.e., Unit-IV examines the various aspects of public finance – public expenditure, public debt, fiscal policy, deficit financing and the budget.