CBSE Class 12 Syllabus 2024 – 25 For Class 12 Economics Download Online CBSE Syllabus Class 12 Economics Syllabus As per Guidelines.
CBSE पाठ्यक्रम 12th Class Economics As Per NCERT
सीबीएसई बोर्ड 12वीं सिलेबस 2024 | CBSE Syllabus 2024 2025 | CBSE Economics Syllabus for Class XII | CBSE Class 12 Economics Syllabus www.cbse.gov.in
CBSE Latest Syllabus for Class 12 Economics is important for students to prepare their study time to time. Here we are provided New Edition CBSE Syllabus 2024. Stay tuned with Us for Get All Subjects Solution Biology MCQ, Physics MCQ, Difference between in Physics, Difference between in Biology
Exam Pattern for Year 2024 – 25
- Competency Focused Questions in the form of MCQs/ Case Based Questions, Source-based Integrated Questions or any other type = 40%
- Select response type questions(MCQ) = 20%
- Constructed response questions (Short Answer Questions/ Long Answer type Questions, as per existing pattern) = 40%
In case you have missed:- NCERT Extra Questions for Class 12 Economics
CBSE Class 12 Economics Syllabus 2024 2025
Microeconomics
- Chapter 1 : Introduction
- Chapter 2: Theory Of Consumer Behaviour
- Chapter 3: Production And Costs
- Chapter 4: The Theory Of The Firm Under Perfect Competition
- Chapter 5: Market Equilibrium
Macroeconomics
- Chapter 1: Introduction
- Chapter 2: National Income Accounting
- Chapter 3: Money And Banking
- Chapter 4: Determination Of Income And Employment
- Chapter 5: Government Budget And The Economy
- Chapter 6: Open Economy Macroeconomics
Units | Marks | Periods | |
Part A | Introductory Macroeconomics | ||
National Income and Related Aggregates | 10 | 30 | |
Money and Banking | 06 | 15 | |
Determination of Income and Employment | 12 | 30 | |
Government Budget and the Economy | 06 | 17 | |
Balance of Payments | 06 | 18 | |
40 | |||
Part B | Indian Economic Development | ||
Development Experience (1947-90) and Economic Reforms since 1991 | 12 | 28 | |
Current Challenges facing Indian Economy | 20 | 50 | |
Development Experience of India – A Comparison with Neighbors | 08 | 12 | |
Theory Paper (40+40 = 80 Marks) | 40 | ||
200 | |||
Part C | Project Work | 20 | 20 |
Part A: Introductory Macroeconomics
Unit 1: National Income and Related Aggregates
- What is Macroeconomics? Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.
- Circular flow of income (two sector model); Methods of calculating National Income -Value Added or Product method, Expenditure method, Income method.
- Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP) and Net Domestic Product (NDP) – at market price, at factor cost; Real and Nominal GDP.
- GDP and Welfare
Unit 2: Money and Banking
- Money – meaning and functions, supply of money – Currency held by the public and net demand deposits held by commercial banks.
- Money creation by the commercial banking system.
- Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker’s Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
Unit 3: Determination of Income and Employment
Aggregate demand and its components.
Propensity to consume and propensity to save (average and marginal).
Short-run equilibrium output; investment multiplier and its mechanism.
Meaning of full employment and involuntary unemployment.
Problems of excess demand and deficient demand; measures to correct them – changes in government spending, taxes and money supply.
Unit 4: Government Budget and the Economy
- Government budget – meaning, objectives and components.
- Classification of receipts – revenue receipts and capital receipts;
- Classification of expenditure – revenue expenditure and capital expenditure.
- Balanced, Surplus and Deficit Budget – measures of government deficit.
Unit 5: Balance of Payments
- Balance of payments account – meaning and components;
- Balance of payments – Surplus and Deficit
- Foreign exchange rate – meaning of fixed and flexible rates and managed floating.
- Determination of exchange rate in a free market, Merits and demerits of flexible and fixed exchange rate.
- Managed Floating exchange rate system
Part B: Indian Economic Development
Unit 6: Development Experience (1947-90) and Economic Reforms since 1991:
A brief introduction of the state of Indian economy on the eve of independence.
Indian economic system and common goals of Five Year Plans.
Main features, problems and policies of agriculture (institutional aspects and new
agricultural strategy), industry (IPR 1956; SSI – role & importance) and foreign trade.
- Economic Reforms since 1991:
Features and appraisals of liberalisation, globalisation and privatisation (LPG policy);
Concepts of demonetization and GST
Unit 7: Current challenges facing Indian Economy
- Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India
- Rural development: Key issues – credit and marketing – role of cooperatives agricultural diversification; alternative farming – organic farming
- Employment: Growth and changes in work force participation rate in formal and informal sectors; problems and policies
- Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming
Unit 8: Development Experience of India:
- A comparison with neighbours
- India and Pakistan
- India and China
- Issues: economic growth, population, sectoral development and other Human Development Indicators
Part C: Project in Economics