Cheat sheet · Class 12 · CBSE · Commerce Economics
Macroeconomics: Introduction cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 12 · Economics
Cheat sheet
Chapter 1Macroeconomics: Introduction
Macro studies the economy as a whole — output, employment, prices.
1. Emergence
- Great Depression (1929) showed markets don't always self-correct.
- Keynes, General Theory (1936).
2. Sectors
- households
- firms
- government
- external sector
Capitalist economy: private ownership, wage labour, profit motive.
3. Key Points
- Micro: individual units; macro: aggregates.
- Aggregate demand and supply.
- Government plays a stabilising role.
- Unemployment and inflation are macro issues.
Remember: Great Depression | Keynes | four sectors
Macroeconomics: Introduction: questions and notes
More Class 12 · CBSE · Commerce Economics cheat sheets
- Macroeconomics: Introduction
- Macroeconomics: National Income Accounting
- Macroeconomics: Money and Banking
- Macroeconomics: Determination of Income and Employment
- Macroeconomics: Government Budget and the Economy
- Macroeconomics: Open Economy Macroeconomics
- Indian Economic Development: Indian Economy on the Eve of Independence
- Indian Economic Development: Indian Economy 1950–1990
- Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal
- Indian Economic Development: Human Capital Formation in India
- Indian Economic Development: Rural Development
- Indian Economic Development: Employment – Growth, Informalisation and Other Issues
- Indian Economic Development: Environment and Sustainable Development
- Indian Economic Development: Comparative Development Experiences of India and its Neighbours
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