CBSE Class 12 Economics Syllabus 2024-25, Check Updated Syllabus
CBSE has announced the CBSE Class 12 Economics Syllabus 2024-25. Check out the most updated CBSE Class 12 Economics syllabus and internal assessment details.
Vikas Pandit1 Apr, 2024
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CBSE Class 12 Economics Syllabus 2024-25: The CBSE Class 12 Economics Syllabus introduces the subject's fundamental concepts at the senior secondary level in such a way that students start by introducing them to the economic realities of the nation today, essential statistical tools to understand the same, and later, in a later stage, provided to economics as a theory of abstraction.
Read the full article and then download the syllabus from the link given at the end to understand more about the CBSE Class 12 Economics Syllabus 2024-25.CBSE Class 12 Economics Syllabus 2024-25
The CBSE Class 12 Economics Syllabus 2024-25 includes a broad variety of subjects, such as national income, money and banking, determining income and employment, the government budget and economy, and the balance of payments. Concerns with national income include the definition of national income, different methods for calculating national income, and uses of national income statistics. The definition of money, its uses, and the numerous types of money are among the money and banking issues. The definitions of income and employment, the variables that impact income and employment, and the numerous forms of unemployment are all covered in this section. The concept of the government budget, the numerous components of the government budget, and the influence of the government budget on the economy are among the topics discussed in The Government Budget and the Economy. Concerns with balance of payments include the term's meaning, the numerous components of the balance of payments, and the various forms of balance of payments deficit. The course also includes a project on a subject of the student's choosing in economics.CBSE Class 12 Economics Syllabus 2024-25 Overview
The CBSE Class 12 Economics syllabus is designed to provide students with a comprehensive understanding of economic concepts, theories, and applications. Here's an overview of the CBSE Class 12 Economics syllabus:Part A: Introductory Microeconomics This section introduces students to the fundamental principles of microeconomics, focusing on individual economic agents. The units included are:
- Introduction: Basics of microeconomics, central problems of an economy, and production possibilities curve.
- Consumer's Equilibrium and Demand: Understanding utility, budget constraints, and consumer equilibrium.
- Producer Behaviour and Supply: Analyzing production, costs, and the behavior of firms in different market structures.
- Forms of Market and Price Determination: Examining different market structures and the determination of prices.
Part B: Introductory Macroeconomics This section explores the broader aspects of economics, focusing on the economy as a whole. The units included are:
- National Income and Related Aggregates: Understanding concepts like national income, consumption, and investment.
- Money and Banking: Examining the role of money, banking, and the Central Bank in the economy.
- Determination of Income and Employment: Analyzing the aggregate demand and supply in the economy.
- Government Budget and the Economy: Understanding government expenditure, taxation, and budgetary policies.
- Balance of Payments: Examining international trade, exchange rates, and balance of payments.
CBSE Class 12 Economics Syllabus 2024-25 Course structure
The CBSE Class 12 Economics Syllabus 2024-25 is a fantastic resource for students interested in working in economics, business, or other related fields. By learning the content in the curriculum, students will get the skills required to succeed in these fields. The CBSE Class 12 Economics Syllabus course structure is shown in the table below.| CBSE Class 12 Economics Syllabus 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 | |
CBSE Class 12 Revised Date Sheet
CBSE Class 12 Economics Syllabus 2024-25 Question Paper Design
The question paper design for the CBSE Class 12 Economics Syllabus 2024-25 is shown in the table below. Students are advised to check the question paper design carefully as this will help them understand the exam better -| CBSE Class 12 Economics Syllabus Question paper design | ||
| 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 |
Last Month Preparation Strategy for Class 12
CBSE Class 12 Economics Syllabus 2024-25 Detailed Syllabus
The CBSE Class 12 Economics Syllabus 2024-25 is available for students to download in PDF format in this post. The syllabus is available here for those students who plan to appear in the CBSE 12th Economics exam.| CBSE Class 12 Economics Syllabus Detailed Syllabus | ||
| 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, and 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 workforce 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 in 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 2024-25 PDF Download
The CBSE Class 12 Economics syllabus is extensive and rigorous. It includes a significant practical component, enabling students to apply theoretical knowledge in real-world scenarios. Access the CBSE Class 12 Economics syllabus for the academic year in PDF format:CBSE Class 12 Economics Syllabus 2024-25 PDF
CBSE Class 12 Economics Syllabus 2024-25 Project Work
The CBSE Class 12 Economics project assignment is worth 20 points. Each learner will be required to present the research work in the Project File to both the External and Internal examiners at the end of the specified period. Only questions from the learner's Research Work/Project File will be asked. The following are the project work topics:| CBSE Class 12 Economics Syllabus Project Work | |
| Micro and Small Scale Industries | Alternate fuel – types and importance |
| Food Supply Channel in India | Sarwa Siksha Abhiyan – Cost Ratio Benefits |
| Contemporary Employment Situation in India | Golden Quadrilateral- Cost ratio benefit |
| The disinvestment policy of the government | Minimum Support Prices |
| Goods and Services Tax Act and its Impact on GDP | Relation between Stock Price Index and Economic Health of Nation |
| Health Expenditure (of any state) | Waste Management in India – Need of the hour |
| Human Development Index | Minimum Wage Rate – approach and Application |
| Inclusive Growth Strategy | Digital India- Step Towards the Future |
| Self-help group | Rain Water Harvesting – a solution to water crises |
| Trends in Credit Availability in India | Vertical Farming – an alternate way |
| Monetary Policy Committee and its functions | Silk Route- Revival of the past Make in India – The way ahead |
| Role of RBI in Control of Credit | Bumper Production- Boon or Bane for the farmer |
| Government Budget & its Components | Rise of Concrete Jungle- Trend Analysis |
| Trends in the budgetary condition of India | Organic Farming – Back to the Nature |
| Exchange Rate Determination – Methods and Techniques | Any other newspaper article and its evaluation based on economic principles |
| Currency War – reasons and Repercussions | Any other topic |
| Livestock – Backbone of Rural India | |
CBSE Class 12 Economics Syllabus 2024-25 Deleted Syllabus
Students can check CBSE Class 12 Economics Syllabus 2024-25 Deleted Syllabus from the table below. CBSE has removed some of the topics from the class 12 economics syllabus which means students do not need to prepare these topics for their upcoming examinations.| CBSE Class 12 Economics Syllabus Deleted Syllabus | |
| Chapter | Deleted Topics |
| Government Budget and the Economy | Revenue deficit, fiscal deficit, primary deficit their meaning |
| Balance of Payments | Merits and demerits of flexible and fixed exchange rate |
| Current challenges facing the Indian Economy | Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment Infrastructure- Meaning and Types: Case Studies: Energy and Health: Problems and Policies- A critical assessment |
How to use CBSE Class 12 Economics Syllabus 2024-25?
The CBSE Class 12 Economics Syllabus is intended to provide students with a thorough knowledge of the subject. It includes subjects such as microeconomics, macroeconomics, and international economics. There are a few essential tactics you may utilise to properly use the syllabus and excel in your studies.- Get acquainted with the syllabus: The first step in properly utilising the curriculum is to get acquainted with its contents. Spend some time going over the many themes and subtopics presented, and attempt to acquire a feel of the general structure of the syllabus. This will assist you in understanding what you need to study and how the different subjects relate to one another.
- develop explicit learning objectives: Once you've mastered the curriculum, take the time to develop clear learning objectives for yourself. This might include particular areas you wish to master or wider objectives such as enhancing your general economic knowledge. Having specific objectives can help you keep motivated and focused as you move through the content.
- Make a study plan: To make the most of your time and ensure that you cover all of the essential content, you should construct a study plan. This may include breaking down the curriculum into digestible bits and allocating specified periods each week to focus on each component. It may also include identifying any areas where you want further assistance or support and finding resources to fill those gaps.
CBSE Class 12 Economics Syllabus FAQs
What is the subject of economics class 12?
Consumption of commodities, meaning and function of money, national income and employment, economic reforms in India, government budget, central bank and its activities, tax and money supply, and many other subjects are covered in the CBSE Class 12 Economics Syllabus.
How many chapters are there in economics class 12?
Applicants may also download the information in a chapter-by-chapter manner. The NCERT Books Class 12 Economics is divided into two sections. Each book has six chapters. Applicants may download these chapter-by-chapter PDFs in English, Hindi, or Urdu from the URLs given below.
What is the syllabus of economics?
Income, spending, and the circular flow; real vs nominal GDP; price indices; national income in an open economy; Current and capital accounts are included in the balance of payments. Functions of money; quantity theory of money; determinants of money supply and demand; credit creation; instruments of monetary policy.
Is CBSE economics tough?
All of the students who emerged from the test centres agreed that the question paper was relatively challenging. The questions were drawn from the curriculum but were not entirely direct. They needed solid conceptual knowledge as well as a thorough understanding of the subject area.
Is economics full of maths?
Although maths and statistics are employed in economics, they are not overpowering at the undergraduate degree level. Economics majors must typically complete one statistics course and one math course (normally an introductory calculus level).
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