CBSE Class 12 Micro Economics Revision Notes
Class 12 Microeconomics Notes
Microeconomics is one of the most interesting subjects, and it is fairly simple to score well in the exam.. But, to score well, they must thoroughly study all the chapters in the subjects. The Class 12 Microeconomics notes are now available on the Extramarks website. Students can refer to Microeconomics Class 12 Notes curated by experts in economics. All the topics are well elaborated with detailed explanations.
The chapter-wise, Class 12 Economics Micro notes with key points in English are available for the students. It is updated with reference to the latest NCERT syllabus. The students get a basic introduction to Economics, consumer equilibrium, and the non-competitive market.
In Class 12 Microeconomics notes, some essential topics are also introduced. It includes the estimation of prices and allocation of resources.
Students can visit the Extramarks website for the latest updates and notifications. They can also refer to CBSE revision notes, CBSE sample paper, and CBSE syllabus in addition to Class 12 Microeconomics notes.
Key Topics Covered In Class 12 Microeconomics Notes
Students can study with Class 12 Microeconomics notes to perform better in the exam. It is an effective series of notes that has well-researched articles. They can also refer to the revision notes on the Extramarks website for each chapter.
Microeconomics deals with the economic behaviour of the household, individuals and big financial firms. It helps them make decisions regarding the distribution and utilisation of the resources. In the class 12 notes for Microeconomics, the students will learn about estimating the prices of individual products and factors.
The Extramarks Class 12 Microeconomics notes consist of a total of 6 chapters and are as per the NCERT Books.
| Chapter Number | Chapter Name |
| Chapter 1 | Introduction to Microeconomics |
| Chapter 2 | Theory of Consumer Behaviour |
| Chapter 3 | Production and Cost |
| Chapter 4 | The Theory of Firm Under Perfect Competition |
| Chapter 5 | Market Equilibrium |
| Chapter 6 | Non-Competitive Markets |
Students may click on the respective chapter to access the notes and various other study materials pertaining to that chapter.
A brief of the chapters of Class 12 Microeconomics is as under.
Chapter 1: Introduction to Microeconomics:
The students will get a complete introduction to Microeconomics. They will understand the keynotes of Market Economy and Mixed Economy. In addition, they will also get to learn about Microeconomics and Macroeconomics.
Chapter 2: Theory of Consumer Behaviour:
The theory of consumer behavior involves the study of the consumers’ actions in the marketplace and the motivation behind those actions. Here, the students will get revision notes on some of the essential topics such as marginal utility, the law of diminishing marginal utility, the law of equi-marginal utility, budget set, consumer budget, budget line, etc
Chapter 3: Production and Costs:
Understanding the production and costs is an essential part of the syllabus. It prepares the students for specialized studies in economics later. The students will get crisp and concise notes that will quickly help them through the chapter without missing any essential topics/points/concepts..
Chapter 4: The Theory of Firm Under Perfect Competition:
The students can grasp their knowledge of a large number of sellers in a perfectly competitive market. How each company creates and sells a uniform product and the price taker for the said product. This chapter plays a vital role in the exam point of view.
Chapter 5: Market Equilibrium:
Market equilibrium is a condition in which equal supply demands specific goods. There is no tendency for prices, and there is a competitive market for the market cost. Thus, the students will understand the market equilibrium and its fundamental properties.
Chapter 6: Non-Competitive Markets
The market is an arrangement through which the buyers and sellers of a commodity contact each other. Students will learn the non-competitive market structure and its functioning.
Class 12 Microeconomics Notes: Exercises & Answer Solutions
The students can practice with the help of Class 12 Microeconomics notes to score more in the exam. There are short keynotes that help the students recall the concepts and definitions quickly. This core subject can be difficult for students who do not refer to study materials other than classroom teaching. The various study materials such as solutions and revision notes enable them to have an efficient studying pattern with which they can achieve their goals.
Revising the concepts provides students with an extra edge and helps them boost confidence before appearing for the board exam. Thus, the Class 12 Microeconomics notes will allow them to prepare in advance. It is described in a short manner, and the students can also use the sample paper to practice both objective and subjective patterns.
- Chapter No. 1- Introduction To Microeconomics
- Chapter No. 2- Theory of Consumer Behaviour
- Chapter No. 3- Production & Costs
- Chapter No. 4- The Theory of the Firm Under Perfect Competition
- Chapter No. 5- Market Equilibrium
Stay tuned to the Extramarks website for the latest notifications and CBSE syllabus. They can also refer to NCERT books, various formulas, and important questions on Extramarks.
NCERT Exemplar Class 12 Microeconomics Notes
NCERT Exemplar Class 12 Microeconomics notes are available for the students to refer to. It is built according to the latest CBSE syllabus. The students can refer to this example to score more in the exams. It helps the students to prepare well for the exams. The exemplar is advanced and built on the different types of topics mentioned in the Class 12 Microeconomics notes.
Students can practice these NCERT Exemplar Class 12 and get a thorough knowledge of the concepts. Each material in the syllabus is connected with the topics. Besides, the subject matter experts have provided the best solutions to all concepts of microeconomics.
Key Features of Class 12 Microeconomics Notes
Following are the key features of Class 12 Microeconomics Notes:
- All the notes have been made in accordance with the latest CBSE Syllabus.
- It helps to provide complete and thorough information on the concepts and topics of various chapters.
- Students can gain more confidence during the exams.
- It minimizes the chance of making noticeable but straightforward mistakes.
- The revision notes are short and well elaborated.
The students can click here to refer to the latest CBSE notes on the Extramarks website.
FAQs (Frequently Asked Questions)
1. How are Class 12 Microeconomics notes helpful for board exams?
Class 12 Microeconomics notes are built on the latest syllabus. The students get the best study material to go through all the essential topics and revise them during board exams. The revision notes help them quickly recall all the concepts covered in the syllabus.
2. What are the benefits of studying from Class 12 Microeconomics notes?
The Class 12 Microeconomics notes offer in-depth knowledge of the core topics. They cover all concepts of MicroeconomicsMicroeconomics that enable the students to gain detailed knowledge of the topics. These notes also act as study material during revision that enables students to brush through them during exams. In addition, they also include the past years’ question papers of the CBSE syllabus, chapter-wise important questions and CBSE extra questions.
