Lesson Plan: 4 (Madhu) - Economics, Grade 12

Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Microeconomics Period: 3rd Secondary School (Rajaborari, MP) Topic: Date: 13-11-24 Subject: Economics...

Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Microeconomics Period: 3rd Secondary School (Rajaborari, MP) Topic: Date: 13-11-24 Subject: Economics Class: XII Setup : Branch: Economics “The Orange and the Bread” One day, Mia had a juicy orange but was very hungry, while Sam had a loaf of bread but was thirsty. They met by a tree and started talking. “I wish I had something to eat,” said Mia. “I wish I had something to drink,” said Sam. Mia had an idea. “What if I give you half my orange, and you give me a piece of your bread?” Sam agreed, and they both shared their food. Mia’s hunger was gone, and Sam’s thirst was quenched. As they laughed together, Mia said, “Isn’t it amazing? When we trade, we both win!” Date: 13-10-24 Subject: Economics Class:XII School: Branch: Economics Period: Topic: Meaning and concept of trade Meaning of Trade: Trade is the act of exchanging goods, services, or resources between individuals, groups, or countries. It is done to satisfy mutual needs or wants. Concept of Trade: Mutual Benefit: Trade occurs because both parties gain something they need or value. Specialization: People or groups focus on producing what they are best at and trade for other things they need. Forms: Trade can involve exchanging goods (barter) or using money as a medium of exchange. Global Trade: Countries trade resources, products, and services they have in surplus for those they lack. Trade is a fundamental concept that promotes cooperation and helps meet the diverse needs of individuals and communities. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of supply EVALUATION : https://docs.google.com/forms/d/e/1FAIpQLScl0NJ YBKaS_rM0D-a3e1o5R0WoTp2JOWY8WHlIM44ziQ G8Ag/viewform?usp=dialog Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Scene: Two business partners, Sarah and Tom, discussing their trade practices. Sarah: "Tom, our company has been expanding, and I've been wondering about how we source our products. I've been hearing a lot about national and international trade. What's the difference?" Tom: "Good question, Sarah. National trade is when we buy and sell goods within our own country. For example, sourcing supplies from another state or selling products to a local retailer." Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Sarah: "Oh, so like when we sell our products in different cities within the country?" Tom: "Exactly! Now, international trade is when we buy and sell goods across different countries. For example, importing electronics from Japan or exporting our products to Europe." Sarah: "Ah, so national trade is within our borders, and international trade involves crossing borders. Got it!" Tom: "Right! Both are crucial for business, but international trade opens up many more opportunities for growth. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Theory of production National Trade: Exchange of goods and services within a single country. Involves transactions between businesses, individuals, and governments within that nation. No need for dealing with international regulations or foreign currencies. Example: A company selling products across different states or provinces. Focuses on the domestic market with goods staying within national borders. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply International Trade: Exchange of goods and services between different countries. Includes both imports (goods brought into a country) and exports (goods sold to other countries). Requires dealing with foreign exchange, international regulations, tariffs, and customs. Example: A company importing electronics from Japan or exporting agricultural products to Europe. Connects global markets and opens up broader business opportunities. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply EVALUATION Mention the types of trades. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply RECAPITULATION:- Meaning of Trade: Trade is the exchange of goods and services between buyers and sellers, either within a country (domestic trade) or across countries (international trade), contributing to economic growth. Difference between national and international trade: National Trade: Exchange of goods and services within one country, no need for foreign currencies or international regulations. International Trade: Exchange of goods between countries, involving imports/exports, foreign currencies, international laws, tariffs, and customs. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: HOME WORK: Explain the meaning of trade and give examples of national and international trade. Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply HOME WORK : श्रम को अपनेशब्दोंमेंपरिभाषित करेंतथा श्रम केविभिन्न प्रकारोंका उल्लेख करें। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Percentage method of price elasticity of Supply Es​=1 है, आपूर्ति इकाई लोचदार (unitary elastic) है, जिसका अर्थ हैकि आपूर्ति मात्रा मेंपरिवर्तन कीमत मेंपरिवर्तन केअनुपात में समान है। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Percentage method of price elasticity of Supply एक अच्छेउत्पाद की कीमत 50 सेघटकर 45 हो जाती है, और आपूर्ति की मात्रा 200 सेघटकर 150 इकाई हो जाती है Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Percentage method of price elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Percentage method of price elasticity of Supply Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Percentage method of price elasticity of Supply Es​=2.5 है, आपूर्ति लोचदार है, जिसका अर्थ हैकि आपूर्ति की मात्रा कीमत मेंपरिवर्तन केप्रति अधिक संवेदनशील है। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Key topic – Determinants of price elasticity of supply मारिया की बेकरी को केक की कीमतोंमें15% की वृद्धि का सामना करना पड़ता है। उसकेपास पर्याप्त आटा और चीनी की आपूर्ति होनेकेकारण, वह आसानी सेउत्पादन बढ़ा सकती है(संसाधनोंकी उपलब्धता)। हालांकि, उसकी ओवन की सीमित क्षमता उत्पादन विस्तार को रोकती है(उत्पादन लागत)। मारिया अधिक कर्मचारियोंको काम पर रखती है, लेकिन उन्हेंप्रशिक्षित करनेमेंसमय लगता है(समय अवधि)। इसकेबावजूद, वह लचीलेश्रम केकारण जल्दी अनुकूलन कर पाती है(कारक गतिशीलता)। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Key topic – Determinants of price elasticity of supply Q 1 - मारिया की बेकरी मेंकेक की कीमत मेंकितनी वृद्धि हुई? मारिया की बेकरी मेंकेक की कीमत में15% की वृद्धि हुई है। Q 2 - मारिया केपास किस प्रकार का श्रम था? मारिया केपास *लचीला श्रम* (Flexible Labor) था, जिससेवह जल्दी सेअनुकूलन कर सकती थी। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Key topic – Determinants of price elasticity of supply समय कारक (Time Factor): समय का प्रभाव आपूर्ति की लोच पर महत्वपूर्ण होता है। लंबी अवधि में, उत्पादक अधिक अनुकूलन कर सकतेहैंऔर उत्पादन बढ़ा सकतेहैं, जिससेआपूर्ति लोचदार होती है। वहीं, अल्पावधि मेंआपूर्ति कम लोचदार होती हैक्योंकि संसाधन सीमित होतेहैं। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply वस्तुका स्वभाव (Nature of Commodity): यदि कोई वस्तुआसानी सेऔर जल्दी से तैयार की जा सकती है, तो उसकी आपूर्ति अधिक लोचदार होगी। जबकि जटिल या समय-साध्य वस्तुओंकी आपूर्ति कम लोचदार होती है। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply जोखिम उठानेकी क्षमता (Risk Taking): यदि उत्पादक अधिक जोखिम उठानेकेइच्छुक हैं, तो वेअधिक आपूर्ति केलिए तैयार रहेंगे, जिससेआपूर्ति लोचदार होगी। उत्पादन विस्तार की सुविधाओंकी उपलब्धता (Availability of Facilities for Expanding Output): यदि उत्पादन बढ़ानेकेलिए आवश्यक सुविधाएंजैसे कि मशीनें, कच्चा माल और श्रम आसानी सेउपलब्ध हैं, तो आपूर्ति अधिक लोचदार होगी। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply Recapitulation- आपूर्ति की लोच को उस अनुपात द्वारा मापा जाता हैजो किसी वस्तुकी आपूर्ति की मात्रा में अनुपातिक परिवर्तन और कीमत मेंदिए गए अनुपातिक परिवर्तन केबीच होता है। Date: 13-11-24 Subject: Economics Class: XII School: Radhasoami Adivasi higher Branch: Economics Period: 3rd Secondary School (Rajaborari, MP) Topic: Measurement of Price Elasticity of Supply HOMEWORK A company’s product price drops from $30 to $27, causing the quantity supplied to decrease from 400 units to 390 units. एक कंपनी केउत्पाद की कीमत $30 सेघटकर $27 हो जाती है, जिसकेकारण आपूर्ति की मात्रा 400 इकाइयोंसेघटकर 390 इकाइयोंतक हो जाती है।