Unit 6 : National Income Accounting

Transcription

1 BLOOM PUBLIC SCHOOL Vasant Kunj, New Delhi Lesson Plan Class: XII Subject: Economics :( Macro Economics) Month: August No of Periods: 30 Unit 5: National Income Accounting (Chapter 1: Introduction) (Chapter 2: National Income Accounting) TTT: 10 pds Unit 6 : National Income Accounting Learning Objectives Resources Class Work WT: 20pds Chapter 1: Introduction Emergence Of Macroeconomics Context Of the present book of Macroeconomics Chapter 2: National Income Accounting Some Basic Concepts of Macroeconomics Circular Flow Of Income and Methods of Calculating National Income Some Macroeconomic Identities Goods and Prices GDP and Welfare The students will be able to : Understand the need for national income accounting Understand concepts related to national income accounting Apply the different methods for calculating national income Understand the concepts real and nominal GDP Analyze the Limitations of GDP as indicator of economic growth NCERT book- Introductory Microeconomics Reference book by Sandeep Garg, Radha Bahuguna Extra marks (SLM) ORAL: Meaning and types of economic activities, Circular flow of income- Two sector model, Two sector model with Financial sector, Concepts of leakages, injections, stock and flow, Classification of goods: intermediate and final, Meaning and types of Investment, Concept of depreciation, Concepts of domestic territory and normal residents, Concepts of Factor cost and Market Price,Factor Payment and Transfer Payment, Aggregates related to National Income, Methods of calculating National Income-Income Method, Value added Method, Expenditure Method- components and precautions, Problem of double-counting, Treatment of different items in calculation of National Income, Concept of Private Income, Personal Income and Personal Disposable Income, Net National Disposable Income and Gross National Disposable Income, National Income at Current and Constant prices, Better Indicator of growth, Conversion of National Income at Current into Constant prices, Limitations of GDP as indicator of economic growth, Concept of Green GDP, GDP Deflator Written : notes on above mentioned topics Questions: Q Classify the following as intermediate or final goods: i)furniture purchased by school ii)books purchased by a book seller

2 iii)chalks and duster purchased by a school iv)fees paid to a lawyer by a firm Radha Bahuguna-Example1, Example 2 pg 44, Example4 pg 45, Example8 pg 47 Radha Bahuguna-Example1, 2 pg 71, Example 3 pg 72, Example5 pg 73, Example9 pg 75 Sandeep Garg-Example2 pg 4.35, Example 4 pg 4.36, Example6 pg 4.37, Example10 pg 4.39, Example11 pg 4.40 Radha Bahuguna- Example2,3 pg 93, Example 6,7 pg 95, Example8 pg 96 Sandeep Garg- Example16 pg 3.20, Example17 pg 3.21, Example18 pg 3.22, Example 22 pg 3.25, Example 23 pg 3.26, Example 33 pg 3.33, Example 57 pg 4.72, Example 60 pg 4.75 Radha Bahuguna- Example12 pg 81, Example14 pg 82, Example19 pg 85 Q If real GDP is Rs. 200 and Price Index (with base = 100) is 110, calculate the Nominal GDP. Q Only one Product X is produced in the country. Its output during the year 2012 and 2013 was 100 units and 110 units respectively. The market price of the product during the year was Rs 50 and Rs 55 per unit respectively. Calculate the percentage change in real GDP and nominal GDP in year 2013 using 2012 as the base year. Home Work Sandeep Garg Q26 pg no , Q10 pg no Assessment Class Test Period wise plan 1 CLASS WORK Introduction to Macroeconomics NCERT pg no. :(1-6) Notes: Introduction to Macroeconomics 2 CLASS WORK Meaning and types of economic activities Circular flow of income- Two sector model NCERT pg no. :(14-16) Notes: Meaning and types of economic activities,circular flow of income- Two sector model 3 CLASS WORK Circular flow of income- Two sector model with Financial sector Concepts of leakages, injections, stock and flow NCERT pg no. :(14-16, 10) Notes: Circular flow of income- Two sector model with Financial sector, Concepts of leakages, injections, stock and flow 4 CLASS WORK Classification of goods: intermediate and final goods NCERT pg no. :(8-10) Notes: Classification of goods: intermediate and final goods Q Classify the following as intermediate or final goods: i)furniture purchased by school ii)books purchased by a book seller

3 iii)chalks and duster purchased by a school iv)fees paid to a lawyer by a firm 5 CLASS WORK Meaning and types of Investments Concept of depreciation NCERT pg no. : (11-13) Notes : Meaning and types of Investments, Concept of depreciation 6 CLASS WORK Concepts of domestic territory, normal residents Notes : Concepts of domestic territory, normal residents 7 CLASS WORK Concepts of domestic territory, normal residents (contd.) Notes : Concepts of domestic territory, normal residents (contd.) 8 CLASS WORK Concepts of Factor cost and Market Price Concepts of Factor Payment and Transfer Payment Notes : Concepts of Factor cost and Market Price, Concepts of Factor Payment and Transfer Payment 9 CLASS WORK Aggregates related to National Income NCERT pg no. : (17-25) Notes : Aggregates related to National Income 10 CLASS WORK Aggregates related to National Income- numerical sums NCERT pg no. : (17-25) Notes : Aggregates related to National Income- numerical sums Radha Bahuguna-Example1, Example 2 pg 44, Example4 pg 45, Example8 pg CLASS WORK Income Method- components and precautions of this method NCERT pg no. : (22-23) Notes : -Income Method- components and precautions of

4 this method 12 CLASS WORK Income Method- Numerical sums NCERT pg no. : (22-23) Notes : - Income Method - Numerical sums Radha Bahuguna-Example1, 2 pg 71, Example 3 pg 72, Example5 pg 73, Example9 pg CLASS WORK Income Method- Numerical sums NCERT pg no. : (22-23) Notes : - Income Method - Numerical sums Radha Bahuguna-Example1, 2 pg 71, Example 3 pg 72, Example5 pg 73, Example9 pg 75 Home Work Sandeep Garg Q26 pg no CLASS WORK Value added Method- components and precautions of this method Problem of double-counting Extramarks (SLM) NCERT pg no. : (17-20) Notes : Value added Method- components and precautions of this method 15 CLASS WORK Value added Method - Numerical sums NCERT pg no. : (17-20) Notes : - Value added Method - Numerical sums Sandeep Garg-Example2 pg 4.35, Example 4 pg 4.36, Example6 pg 4.37, Example10 pg 4.39, Example11 pg CLASS WORK Value added Method - Numerical sums NCERT pg no. : (17-20) Notes : - Value added Method - Numerical sums Sandeep Garg-Example2 pg 4.35, Example 4 pg 4.36, Example6 pg 4.37, Example10 pg 4.39,

5 Example11 pg 4.40 Home Work Sandeep Garg Q10 pg no CLASS WORK Expenditure Method- components and precautions of this method NCERT pg no. : (20-22) Notes : - Expenditure Method - components and precautions of this method 18 CLASS WORK Expenditure Method - Numerical sums NCERT pg no. : (20-22) Notes : - Expenditure Method - Numerical sums Radha Bahuguna- Example2,3 pg 93, Example 6,7 pg 95, Example8 pg CLASS WORK Expenditure Method - Numerical sums NCERT pg no. : (20-22) Notes : - Expenditure Method - Numerical sums Radha Bahuguna- Example2,3 pg 93, Example 6,7 pg 95, Example8 pg CLASS WORK Treatment of different items in calculation of National Income Notes : Treatment of different items in calculation of National Income 21 CLASS WORK Concept of Private Income, Personal Income and Personal Disposable Income, Net National Notes : Concept of Private Income, Personal Income and Personal Disposable Income, Net National 22 CLASS WORK Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National

6 Notes : Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National Sandeep Garg- Example16 pg 3.20, Example17 pg 3.21, Example18 pg 3.22, Example 22 pg 3.25, Example 23 pg 3.26, Example 33 pg 3.33, Example 57 pg 4.72, Example 60 pg CLASS WORK Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National Notes : Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National Sandeep Garg-Example16 pg 3.20, Example17 pg 3.21, Example18 pg 3.22, Example 22 pg 3.25, Example 23 pg 3.26, Example 33 pg 3.33, Example 57 pg 4.72, Example 60 pg CLASS WORK Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National Notes : Numerical Sums- Private Income, Personal Income and Personal Disposable Income, Net National Radha Bahuguna- Example12 pg 81, Example14 pg 82, Example19 pg CLASS WORK National Income at Current and Constant prices Better Indicator of growth Conversion of National Income at Current into Constant prices NCERT pg no. : (26-27) Notes : National Income at Current and Constant prices, Better Indicator of growth, Conversion of National Income at Current into Constant prices 26 CLASS WORK National Income at Current and Constant prices Better Indicator of growth Conversion of National Income at Current into Constant prices NCERT pg no. : (26-27) Notes : National Income at Current and Constant prices, Better Indicator of growth, Conversion of National Income at Current into Constant prices 27 CLASS WORK Limitations of GDP as indicator of economic growth NCERT pg no. : (27-28)

7 Notes : Limitations of GDP as indicator of economic growth 28 CLASS WORK Concept of Green GDP GDP Deflator NCERT pg no. : (26-27) Notes : Concept of Green GDP, GDP Deflator Q If real GDP is Rs. 200 and Price Index (with base = 100) is 110, calculate the Nominal GDP. Q Only one Product X is produced in the country. Its output during the year 2012 and 2013 was 100 units and 110 units respectively. The market price of the product during the year was Rs 50 and Rs 55 per unit respectively. Calculate the percentage change in real GDP and nominal GDP in year 2013 using 2012 as the base year. 29 Recapitulation of the chapter- Question answers discussion from extra marks 30 Class test