++ 4 a N UICk Revision Chapterwise Mind-Maps ECONOMICS Covers 9 chapters of NCERT+ Corporate Office : 45, 2nd Floor, Maharishi Dayanand Marg, Commer Market, ‘Malviya Nagar, New Delhi-110017 Tel: 011-49842349 / 49842350 Ee 0] ‘Typeset by Disha DTP Team DISHA PUBLICATION ALL RIGHTS RESERVED © Publisher [No part ofthis publication may be reproduced in any form without prior permission of the publisher. The author and the publisher do not take any legal responsibilty for any errors or misrepresentations that might have crept in. We have tried and made our best efforts fo provide accurate up-to-date information inthis book For further information about the books from DISHA, Log on to wwrw.dishapublication,com or email o info@dishapublication.com EBD_7524nee! Mind Map 1 Mind Map 2 Mind Map 3 Mind Map 3 Mind Map 4 Mind Map 5 Mind Map 6 Mind Map 7 Mind Map 8 Mind Map 9 INDEX tres Introduction Producers Behaviour and Supply (Part A) Producers Behaviour and Supply (Part B) Price Determination & Forms of Market National Income and Related Aggregates Money and Banking Determination of Income and Employment Government Budget and the Economy Balance of Payments rae 10WWW Crim ee iery itt Book to Score 95%+ in CBSE Board 2019 Exam! Ti ate Cole nlm elele) ofeTa cL Design of the Question paper for 2019 exam provided by CBSE SOARED ™ SAMPLE PAPERS for CBSE LJ Economics sonia snes AAIND MAPS. How to use this book effectively? To understand the weightage of Units & the pattern of the question paper. MINDMAPS in 2 Colour For Quick Revision of the chapters 2018 Solved paper with CBSE Instructions for Marking To provide an idea about the step-wise marking scheme of the different questions in the paper. 1 Sample Blue Print as per the Question Paper Design To understand how questions can be asked from the different chapters maintaining the weightage of Units. ‘Answer Sheets of 2017 Topper (provided by CBSE) To understand 'How to attempt the question paper systematically to get 100% marks." 10 Solved Sample Papers with Most Expected Questions for CBSE Exam For Practice, Revision and Confidence Building. eer thn tad ee ua nr east aluating your performance with the help of Solutions & Marking Schem: Peed EBD_7524CHAPTERWISE MIND MAPS‘Micro-economics Macro-economics: Basic Concern of Economics Positive ‘Normative aaa TER Activities rete othe we of ware esouees by earl livelihood “Market Eeonomy Cont podem a sls by mast fone of demand & spy Centrally Planned Economy Cereal probe arsed yc tutto ovement Mixed Economy Central problems ate solve by market foros bt ott he cst of si stot ‘Central Problems nate produce How io produce 2 _Forwhom wo produce Subject mater whi satis the beariou of mans & society asa whole Cot of the next test le maive sitio Definition ‘Shows ferent combination of two gods tha canbe produced wih © Given lel resources # Gren vel oftsctnology PPC Resourses at fly sized ‘Assumptions © Nochange in ecology “Attainable/ Unattainable points ‘Characteristics Asinsbe combinations ~ Points which 08 he + PPC Cense ew Oia PPC oie he PPC PPC slopes dowd fom ght UnntanablePoints which be beyond the PC ‘Represent opium ization of esoues T 2 MR inrasing Slope errata at which god Yi scr gain ional wns of godaa Relation Between ]{ Law of DMU | [ Marginal Utility Demand | Quality Demanded Determination of DD aaltions TU& MU ‘At mie & rate] [Addhon © al Diy rious amounts ofa god | Specie aif apo, PsP of gd Jos constant Siwaa good ws | [ohn one extent of 3 conser swing & abe| consumer i wiling & Pye of ther rela goods satu beds Sorsael e's | [ppotuomcanee uy ot eps | ae ay 4 ese inc F eee ||F r't at ena | [sonar] [Sn Press seat Ter cen > Tastes & prefers, price] [e TU 4 MU posse) ‘bemton of hcoe income cont —— Utility Individual DD Schedule ‘Market DD Schedule. Equilibrium (1 good) | Equilibrium (2 goods) cretal Daley] Sistacton [Table showing variows quantties| Table showing various quantities MU (a term of money Sum of ula when a J) escved fom] Jcrandcd by consume ace derandd by al consumers a iret cctain of sol | |stston jem = ° freeones JCurve: Graphic presentation of] Curve: Horizontal summation of nda xhale Indo DD Corse MWe vy, Me ms 7 e ‘ Uti (Consumer Equilibrium] a Exceptio Normal | Inferior | Giffen ener things remaining] |» Aries ofdsincton |_| income fc Income ete Income effet Analysis |e » consumer atsins constant, there exists an] | Gite gods itpoive& [is negate &lisnegnive asic Asumpton-iiy canbe msaruredin cardinal na > tram aston 89 inverse rations, btween | —> setts creo [pie lst pending Ba income on price of good teas qunuty| | Fete expectations | | PSST ee (pone eo manda + Speculative gos 7 tne J imation: Us can be Determinants of Ey ony expose ems of ai Tiana ee Senda ie 2.3 s + Nae —'— BS + Changein demon |- Changs ingot Susiues sve Indifference | TYNUIRE TIL ‘woth factorsthan | due ta change in pice + No. of ses Baste Assumption: iy Curve Analysis ceo ood + Iocome evel entered cme ysis] wy mene | Pf Ree tof same aks dca be sorpared| DoE) rel Se spon \ — Tine peo’ \, “ = Proprio of income pet Indifference Curve \Fo sant Pine whic show dire = Erepurtionste Methed| Lege pti rg! Budget Line Elasticity of Demand tsbeton Line showing dite Perentage hangin dando eto pescmagechangeimprice femietatis eo Equilibrium : carb pucned gen pies 5) 1s tngsn so BL Degrees Slope of TC leincometeve ms ee Amountofzved Y which by ers Bs Dey=0 2yeyct Fy eet consume wing to oerice for one more Slope of BL yp Ay 4 I 4 eof rie RaiooF XY rs= Ry 5 ax & » 2 ° a oT eet teenth edTeatnsip Benson TR AP MP “eal radeet | SveraeeProdest Varain Fro] ia Toa venue | rape Revenas | Marginal Revenae + tet ae—Meeaet Sumtoalat | Pessitef ost | Adon usaf Maney reed TAnanaieg 1% ATR DNL Re oe cutptyvitont | peccedty | Sap ped by Seaegeaa --— wep co Darn car=uP fe trance | rowearcvo. aids ho ey | tae w tiem Me=o Canal) Rirecthth Tee PARSRE | Siar, 1, 2 TET Sih nertive Seen TTL araitvacnserdorve T z ‘eatin tween TRand MR] [ Roaiba Retwnw AR MR ote Sut WAR iscomsan AR MI S mepaeiemml | [PHAR SARS a Tilia Bara Tagan Papas TTEPEEREIMEE | fF hia uae ba ak can oo severteccptne ‘Caused by under-utlisotion of “As more and more units of Soviet Bont “MRis constant Staelin aos ihn ose eb ith |) ris Shovmaay Teel cose spa sat poe ws nea etal eens at Syuteind psea iit procctinsay mteass un | ees Terie Compeon | Monopoly Competion | Monopolies Competition Pamee-Deseing items] ee jk Ming |g edounnon [AR NR ae dons spine sb optimum ion of wget re iaatline [Alpe it enancme tase wake Sia fry dcovered enisioscass | Maca geserape [OR MRote mere a SP deccsing ‘imo chr ie ome aK eR cesn ea te ae i re Ftomgsns mercy. Cady rata of T SiPisace Producers Fqulibriom aid Fa Seen eee When oases uns maxima pis esol Changes Viale fora heterogenous Taian Rane ACENC | Ranionip aves CATO) WC NP E 4 TET Appro ENC Ah + AC AC>MC } Terapene— MCT |. When MPTMCL TCA "a Do neeAcz Me S efalae—cme) |S Whee Mer [¢—] Dire ron TR ave 1 es MC ot Actin | TE ft somatic “MC erechser Ente ae tran Tuto “ere Cont ‘Marga Cont q ear} H me Sar tlt rdcon & | Prasat ofespit | Adina cs whon an Z| 5 AK Zl fa loca oo) com woh Z Ay anenee Whine Re fact —_—_ ova wo Givenmtvenesmpea |aczarcsave | Mr tvexavens B77 we E toot Ng | Mei tentent a 3 Uscievone | ESC Tishaged sare ‘Quantity ‘QuanitySemnly vant Semis ‘rion guns Specie amity say otSunpty tapout | ofsgsostmat vowsttoeshee wants fs oll | rics thew pong hang he Strom grcceat_| Onerng le J") tre rt Spotcarpeon | sopncpceete afin pobrafne Proportions Meio 805,.P. Degrees FO Deerntnan of Sonn Pana = ter hws ° + eroragood coms, ete Frater ein oP Novo rms rier + Natu OF fps 4! + Goal of firm auantity splice + Risk Taking & 2 Government policy icevsrma 2 Nature Of Good 1 per ta 1D Gotorreacion resco 2 omer + Biles pets 2 TetpcOr Prin co t Th Est SH Sap ST CARE . in * oe : J Whensupiy jf Z : y 4 fhe ate _ ee ‘er an shea pice ofan Hable sowing é Topstonine | (diac qin titren gis | [Spt al a a =o Supplied by an inthe mia dif TE Red - Indl Frat : = a diff. prices — a ; oven Na Spy Ca Sop Cane] [Marker Sepip it 7 y q ‘ Cone whens Cave sei oy pontiverelstion | |Horizonat change sto A oomsve Ctcergumtis | |Sumnatn of change n pe of Strid Spee | (inal sppty roost Ge omesen Sam ay oadTilatof Ain Demand Dive co? Diowlt When sappy is erty eae DT-+ ePmo chang? DLs ePwchangs. «0 ‘When spy spay nce DI-3e Teno change Di-se 4 e0 nodnze Eet of Sn Supply Stoel. t shoe? When denna is pete clastic ST eProchangs. oT Ls ePao change. Wen demand is pete in clastic STP Tenochanse Stour eQmehinge ‘Market Equilibriam ‘When mst demand equals markt sappy, MD~ MIS aii prise 50 ila gunn D- Demand Ss Supply a Change cP equilibrium price QE quitibriam quantity erect Comp Large no. of buyers & sells emogenous roduc Perot knowledge Freedom of exit etry Independent decision aking Pero mail Notrrmporaion cont [No promotional or sling cost ‘uaraty “Monopoly Competition ‘One sller& large no. of buyers Restction on ety of new fms Noclonesbstitites Full conoloverrice Price dscrininaton NN Gene Reasons of origination Pans Government senses Camels Natural occurence ‘Simultaneous dm DAS (yD oT s-eP heat yD Ted $e QT DTA S-eP aebanye.eOT S-eP nochange (2) NEIA— GNF, GOR (NIT = GDP Gor, NTT GDP" 0) Depreciation — NDP, Precautions is fom bro not nodes Transfer payments nt nid Avo components that ed a double counting Income fram legacies o gmbh nt incl Expenditureon secondhand goods and capital gin fom ste of shares nd, ee, not eld ‘Unemployment llossnces and od-ge pensions not nceFREE BOOKS, NOTES & VIDEOS FOR CIVILSERVICES 7 | & || # nea pi =. | wes aS er nasaueate EBOOKS & UPSC PRELIMS USPC MAINS VIDEO FOR DAILY MAGZINES MATERIALS. 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The papuich xistsbetween actual AD Saving Funetion tad AD at full emphymeat level is called S= Situ) = bY elationary gp. Propensity « Save Excess Demand and Inflationary Gap APS =S'V and MPS=AS Total receipts Revenue receipts = Capital expenditure Revenue Fiscal Deficit than borrowings) Primary Deficit~ Fiseal Deficit Payments when Total expenditure Surplus Budget: wien Total expenditure Total expenditure Revenue Deficit = Revenue expenditure — expenditure ~ (Revenue receipts + Capital receipts other ~ Interest Implications of Fiscal Deficit Inflationary spiral, high debts for future generations, low GDP growth, crowding out effect and lesser government credibilityMIND MAP-9 BOP BOT ys BOP Financial statement tht records all kinds BOT records only the export and import of fof economic transactions which occur goods whereas BOP records al kinds of bbrwoon the domestic county andthe rest Seimomic™fanstions seh as Tow af ofthe wor mane, onefector services, ‘Components of BOP ‘When payments made the rest af the world is in regards with the resto the world, Current Account: Records export and import of goods and invsite items such 4s current transfers, factor income, ee. BOP Equilibrium Capital Accounts Revorl ll anstctins ‘which eause any chang in the ownership of assets of residents of the domestic country BOP Deficit When puyments made to the rest ofthe world exceeds the resets from tho rest at the vor ‘sal tothe oes from the rest of the world, BOP Surplus When payments made 10 the rest fof the word falls Short of he eooeins| fiom the rest ofthe work ‘Autonomous vs Exchange Rates Accommodating) |* toe! tastings Hae od ‘uionomious items fre those which are lundertaken with the profit mative whereas scommedting. items are those which are lundrtaken to restore the balance of BOP Factors Affecting Demand of Foreign Exchange Repayment ofintratioal loans, foreign investment, imports, purchases from broad rants find donations, payment of income and speculative wading Factors Affec Supply of Foreign, Exchange Fports investments from atrondpurciasesby rest he Srl, kane fom rest of the York! grants ad. donations fom abroad, inome recep and remitances” by NR.