Table of Contents
At the senior secondary level, the CBSE class 12 economics syllabus 2023-24 introduces the subject’s fundamental concepts in such a way that candidates are initially introduced to the economic realities of the nation today, essential statistical tools to understand the same, and later, in a later stage, presented to economics as a theory of abstraction. To learn more about the CBSE Class 12 Economics Syllabus 2023-24, read the entire article and then download the class 12 economics syllabus 2023-24 from the link provided at the end.
Class 12 Economics Syllabus 2023-24
The CBSE class 12 economics syllabus 2023-24 covers a wide range of topics, including national income, money and banking, income and employment determination, the government budget and the economy, and the balance of payments. National income concerns include the definition of national income, various techniques for calculating national income, and the applications of national income data. Money and banking themes include the definition of money, its purposes, and the various sorts of money.
Economics Syllabus Class 12 CBSE 2023-24
CBSE Economics syllabus class 12 2023-24 includes Topics on income and employment determination include the definitions of income and employment, the factors that influence income and employment, and the various types of unemployment. Topics covered in the government budget and the Economy include the definition of the government budget, the many components of the government budget, and the impact of the government budget on the economy. Balance of payments concerns include the definition of the term, the various components of the balance of payments, and the various types of balance of payments deficit. The course also includes a project on an economics topic of the student’s choice.
CBSE Class 12 Economics Syllabus 2023-24: Course structure
The Class 12 Economics syllabus is an excellent resource for students who want to work in economics, business, or other related subjects. Students will learn the abilities they need to excel in these industries by understanding the material in the syllabus. The table below consists of CBSE Class 12 Economics syllabus 2023-24 course structure.
| Unit | Topic | Marks |
| Part A: Introductory Macroeconomics | ||
|
National Income and Related Aggregates
|
10 | |
|
Money and Banking
|
6 | |
|
Determination of Income and Employment
|
12 | |
|
Government Budget and the Economy
|
6 | |
|
Balance of Payments
|
6 | |
| Total | 40 | |
| Part B: Indian Economic Development | ||
|
Development Experience (1947-90) and Economic Reforms since 1991
|
12 | |
|
Current Challenges Facing the Indian Economy
|
20 | |
|
Development Experience of India – A Comparison with Neighbour
|
8 | |
| Total | 40 | |
| Part C: Project Work | 20 | |
Economics Class 12 Syllabus 2023-24: Question paper design
The table below consists of the design of the Question paper of the CBSE economics class 12 syllabus 2023-24:
|
Typology of Questions
|
Marks | Percentage |
|
Remembering and Understanding:
Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas. |
44 | 55 |
|
Applying: Solve problems in new situations by applying acquired knowledge, facts, techniques and rules in a different way.
|
18 | 22.5 |
|
Analysing, Evaluating and Creating:
Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalisations. Present and defend opinions by making judgments about information, validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions. |
18 | 22.5 |
Class 12 Economics Detailed Syllabus 2023-24
| Unit | Unit name | Description |
|
Part A: Introductory Macroeconomics |
||
| 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 Deflator, GDP and Welfare |
| 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. The central bank and its functions (example of the Reserve Bank of India): Bank of Issues, Govt. Bank, Banker’s Bank, Control of Credit through Bank Rate, Cash Reserve Ratio (CRR), Statutory Liquidity Ratio (SLR), Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement. |
| 3 | Determination of Income and Employment 30 Periods | 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. |
| 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. |
| 5 | Balance of Payments | Balance of payments account – meaning and components;
Balance of payments – Surplus and Deficit Foreign exchange rate – meaning fixed and flexible rates and managed to float. Determination of exchange rate in a free market, Merits and demerits of the flexible and fixed exchange rate. Managed Floating exchange rate system |
|
Part B: Indian Economic Development |
||
|
6 |
Development Experience (1947-90) and Economic Reforms since 1991 |
A brief introduction of the state of the 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 |
|
7 |
Current challenges facing the 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 |
|
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 |
||
CBSE Class 12 Economics Syllabus 2023-24 PDF
The CBSE Class 12 Economics syllabus is extensive and rigorous. It covers a wide range of topics, from the fundamentals to the advanced, and it contains a substantial practical component that allows students to apply their theoretical knowledge in real-world circumstances. Check here CBSE Class 12 Economics syllabus 2023-24 pdf.
Download Pdf: CBSE Class 12 Economics Syllabus 2023-24
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