CBSE Class 12 Economics Syllabus 2024

Check the CBSE Class 12 Economics Syllabus 2024, Chapters, Topics, Weightage, and Course Structure here. In this article, all the information is completely related to CBSE (Central Board Of Secondary Education). CBSE changing the syllabus year to year. So, the latest information about the CBSE Class 12 Economics is also available here. Refer once in this article and immediately go for our examination preparation. CBSE Class 12 Economics Syllabus 2024 (सीबीएसई कक्षा 12 अर्थशास्त्र पाठ्यक्रम) PDF link is available here. You can download the CBSE Syllabus of Class 12 Economics Subject for the academic year 2021.

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Below mentioned were complete details of the Economics Syllabus 2024. For any queries check the PDF.

Download CBSE Class 12 Economics Syllabus 2024

Units		Marks	Periods
Part A	Introductory Macroeconomics
	National Income and Related Aggregates	10	23
	Money and Banking	6	8
	Determination of Income and Employment	12	22
	Government Budget and the Economy	6	15
	Balance of Payments	6	7
		40	75
Part B	Indian Economic Development
	Development Experience (1947-90) and Economic Reforms since 1991	12	28
	Current Challenges facing Indian Economy	22	35
	Development Experience of India – A Comparison with Neighbors	06	12
	Theory Paper (40+40 = 80 Marks)	40	75

Part C	Project Work	20	15

Economics Chapters & Topics in CBSE Class 12

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 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

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 the – changes in government spending, taxes, and money supply through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.

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.

Measures of government deficit – revenue deficit, fiscal deficit, primary deficit their meaning.

Unit 5: Balance of Payments

Balance of payments account – meaning and components;

Foreign exchange rate – meaning of fixed and flexible rates and managed to float.

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 liberalization, globalization, and privatization (LPG policy);

Concepts of demonetization and GST

Unit 7: Current challenges facing Indian Economy

Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment;

Human Capital Formation: How people become resource; Role of human capital in economic development;

Rural development: Key issues – credit and marketing – role of cooperatives; agricultural diversification;

Employment: Growth and changes in the workforce participation rate in formal and informal sectors; problems and policies

Infrastructure: Meaning and Types: Case Studies: Health: Problems and Policies- A critical assessment;

Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming

Unit 8: Development Experience of India:

A comparison with neighbors
India and Pakistan
India and China
Issues: economic growth, population, sectoral development, and other Human Development Indicators

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Click Here- Download the CBSE Class 12 Economics Syllabus 2024 – Chapters, Topics, Weightage

Introductory Microeconomics
Introductory Macroeconomics

In micro – economics, and macro – economics have some topics and chapters are available in this article.

CBSE Class12 Economics Syllabus Mark Weightage

The total time of an examination is 3 hours

The total marks awarded is 100

The Course Structure and marks weightage is given in the table.’

Units	Topics	Marks
1. Introductory Microeconomics	Introduction Consumer’s Equilibrium and Demand Producer Behaviour and Supply Forms of Market and Price Determination under perfect competition with simple applications	04 13 13 10
2.Introductory Macroeconomics	National Income and Related Aggregates Money and Banking Determination of Income and Employment Government Budget and the Economy Balance of Payments	10 06 06 12 06
Practical Work		20
	Total Marks	100

Units in CBSE Class 12 Economics Syllabus & No. of Periods

Introduction to Microeconomics

Introduction-(8 Periods)
Consumer’s Equilibrium and Demand-(32 Periods)
Producer Behaviour and Supply-(32 Periods)
Forms of Market and Price Determination under perfect competition with simple applications(28 Periods)

Introduction to Macroeconomics

National Income and Related Aggregates-(28 Periods)
Money and Banking-(15 Periods)
Determination of Income and Employment-(27 Periods)
Government Budget and the Economy-(15 Periods)
Balance of Payments-(15Periods)

Economics Chapters & Topics in CBSE Class 12

1: Introductory Microeconomics

Unit 1: Introduction:

Meaning of microeconomics and macroeconomics; positive and normative economics.
What is an economy? Central problems of an economy: what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

Unit 2: Consumer’s Equilibrium and Demand

Consumer’s equilibrium – meaning of utility, marginal utility, the law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve, and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurement of price elasticity of demand – percentage-change method.

Unit 3: Producer Behaviour and Supply

Meaning of Production Function – Short-Run and Long-Run
Total Product, Average Product, and Marginal Product.
Returns to a Factor
Cost: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, the average variable cost, and marginal cost-meaning and their relationships.
Revenue – total, average and marginal revenue – meaning and their relationship.
Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost. Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in the supply curve, price elasticity of supply; measurement of price elasticity of supply – percentage-change method.

Unit 4: Forms of Market and Price Determination under Perfect Competition with simple applications

Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.
Other Market Forms – monopoly, monopolistic competition, oligopoly – their meaning and features.
Simple Applications of Demand and Supply: Price ceiling, price floor.

2: Introductory Macroeconomics

Unit 5: National Income and related aggregates

Some basic concepts: 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 and Net Domestic Product (GDP and NDP) – at market price, at factor cost; Real and Nominal GDP.GDP and Welfare

Unit 6: Money and Banking

Money – meaning and supply of money – Currency held by the public and net demand deposits held by commercial banks.
Money creation by the commercial banking system.
The 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 7: Determination of Income and Employment

Aggregate demand and its components.
The 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 8: 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.
Measures of government deficit – revenue deficit, fiscal deficit, primary deficit their meaning.

Unit 9: Balance of Payments

Balance of payments account – meaning and components; the balance of payments deficit-meaning.
Foreign exchange rate – meaning of fixed and flexible rates and managed to float.
Determination of exchange rate in a free market.

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Students no need to worry about the CBSE Class 12 Economics Syllabus 202-21 available here. we provide a complete syllabus of the CBSE Class 12 Economics Syllabus in the academic of 2021. In this, all the information is completely related to the Central Board Of Secondary Education. Refer once and start your examination preparation. Economics Class 12 Syllabus for CBSE PDF is also provided in this article and you can download or view the CBSE Syllabus of Class 12 Economics Subject 2020. Don’t forget to share this article with your friends.

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