CBSE Class 12 Economics Syllabus 2021 – Chapters, Topics, Weightage

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Check the CBSE Class 12 Economics Syllabus 2021, 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 2019 (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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CBSE Class 12 Economics Syllabus 2021

Below mentioned were complete details of the Economics Syllabus 2021. For any queries check the PDF.

Download CBSE Class 12 Economics Syllabus 2021

Units MarksPeriods
Part AIntroductory Macroeconomics  
 National Income and Related Aggregates1023
 Money and Banking68
 Determination of Income and Employment1222
 Government Budget and the Economy615
 Balance of Payments67
  4075
Part BIndian Economic Development  
 Development Experience (1947-90)

and Economic Reforms since 1991

1228
 Current Challenges facing Indian Economy2235
 Development Experience of India – A Comparison with Neighbors0612
 Theory Paper (40+40 = 80 Marks)4075
    
Part CProject Work2015

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

Download CBSE Class 12 Economics Syllabus 2020

Click Here- Download the CBSE Class 12 Economics Syllabus 2020-21 – 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.’

UnitsTopicsMarks
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 Work20
Total Marks100

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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Download the Economics CBSE Class 12 Syllabus 2018-19Click Here

 

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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