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ARTHASHASTRA CLASS 12 - A BOOK CONTENTS: PART-A: INTRODUCTORY MICRO ECONOMICS: 1. ECONOMICS: AN INTRODUCTION MICRO ECONOMICS AND CENTRAL PROBLEMS OF AN ECONOMY 2. CONSUMER’S EQUILIBRIUM UTILITY ANALYSIS AND INDIFFERENCE CURVE ANALYSIS 3. DEMAND AND LAW OF DEMAND 4. ELASTICITY OF DEMAND 5. PRODUCTION FUNCTION: RETURNS TO A FACTOR AND RETURNS TO SCALE 6. COSTS OF PRODUCTION 7. CONCEPTS OF REVENUE 8. PRODUCER’S EQUILIBRIUM: MEANING AND CONDITIONS 9. SUPPLY, LAW OF SUPPLY AND ELASTICITY OF SUPPLY 10. DIFFERENT FORMS OF MARKET: MEANING AND FEATURES 11. PRICE DETERMINATION UNDER PERFECT COMPETITION EQUILIBRIUM PRICE 12. SIMPLE APPLICATION OF TOOLS OF SUPPLY AND DEMAND CURVESPART B: INTRODUCTORY MACRO ECONOMICS: 1. MACRO ECONOMICS: MEANING 2. SOME BASIC CONCEPTS OF MACRO ECONOMICS 3. CIRCULAR FLOW OF INCOME 4. CONCEPTS AND AGGREGATES RELATED TO NATIONAL INCOME 5. MEASUREMENT OF NATIONAL INCOME 6. MONEY: MEANING, EVOLUTION AND FUNCTION 7. COMMERCIAL BANKS AND CREDIT CREATION 8. CENTRAL BANK: MEANING AND FUNCTIONS 9. INDIAN BANKING SYSTEM: RECENT REFORMS AND ISSUES 10. AGGREGATE DEMAND AND AGGREGATE SUPPLY 11. DETERMINATION OF EQUILIBRIUM LEVEL OF INCOME, EMPLOYMENT AND OUTPUT 12. INVESTMENT MULTIPLIER AND ITS WORKING 13. PROBLEMS OF DEFICIENT AND EXCESS DEMAND 14. MEASURES TO CORRECT DEFICIENT & EXCESS DEMAND 15. GOVERNMENT BUDGET AND THE ECONOMY 16. FOREIGN EXCHANGE RATE 17. BALANCE OF PAYMENTS