CBSE Class 12 Economics Syllabus 2023-24

CBSE Class 12 Economics Syllabus 2023-24: The CBSE Class 12 Economics syllabus for the academic year 2023-24 provides a detailed guide for students, explaining the topics they need to study for their final exams. This syllabus PDF, recently released by CBSE, acts as a roadmap for students, outlining the specific areas they need to focus on. CBSE Class 12 Economics syllabus covers various aspects of Economics, including small-scale economics, large-scale economics, and the development of the Indian economy.

Students can easily access the updated CBSE Class 12 Economics Syllabus PDF from the official website or download it from the article provided below. This syllabus is a helpful resource for students, assisting them in planning their study schedule effectively and ensuring thorough preparation for their exams.

Also Check: CBSE Class 12 Business Studies Syllabus

CBSE Class 12 Economics Syllabus: Overview

The CBSE Class 12 Economics Syllabus for the academic year 2023-24 covers the following topics. Below is a breakdown of the marks weightage for the Economics subject according to the CBSE Syllabus:

CBSE Class 12 Economics Syllabus Details

The CBSE Class 12 Economics Syllabus is structured into two main parts: Introductory Macroeconomics and Indian Economic Development, each comprising several units aimed at providing students with a comprehensive understanding of economic principles, policies, and contemporary issues.

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Part A: Introductory Macroeconomics

National Income and Related Aggregates: This unit introduces students to the fundamental concepts of macroeconomics, such as national income calculation methods and aggregates like GNP, NNP, GDP, and NDP. The circular flow of income model and GDP deflator are also explored.

Money and Banking: Students learn about the functions of money, money creation by commercial banks, and the role of the central bank, exemplified by the Reserve Bank of India. They also understand various monetary policy tools like bank rate, CRR, SLR, repo rate, and reverse repo rate.

Determination of Income and Employment: This unit explores aggregate demand, consumption, saving, and investment behavior. The short-run equilibrium output, investment multiplier, and measures to correct demand imbalances are discussed, along with concepts like full employment and involuntary unemployment.

Government Budget and the Economy: Students understand the components of the government budget, including receipts and expenditures, and learn about balanced, surplus, and deficit budgets. This unit highlights the objectives and implications of fiscal policy.

Balance of Payments: Students explore the balance of payments account, foreign exchange rates, and exchange rate determination mechanisms. The merits and demerits of fixed and flexible exchange rates, along with managed floating exchange rate systems, are discussed.

Part B: Indian Economic Development

Development Experience (1947-90) and Economic Reforms since 1991: This unit provides insights into India’s economic journey post-independence, covering features, problems, and policies related to agriculture, industry, and foreign trade. The economic reforms initiated since 1991, including liberalization, globalization, and privatization, are also analyzed.

Current Challenges Facing Indian Economy: Students examine contemporary challenges like human capital formation, rural development, employment generation, and sustainable economic development. The unit compares India’s economic development with that of neighboring countries like Pakistan and China.

Development Experience of India: A Comparison with Neighbours: This unit focuses on a comparative analysis of economic growth, population dynamics, sectoral development, and human development indicators between India and its neighbors.

Also Check: CBSE Class 12 Physical Education Syllabus

CBSE Class 12 Economics Syllabus PDF Download Link

The CBSE Class 12 Economics syllabus for the academic year 2023-24 provides a detailed overview of the chapters included in the Economics curriculum for class 12. Understanding the syllabus in detail is crucial for students to prepare effectively for their final economics exam. By downloading the Class 12 Economics Syllabus PDF, students can devise a strategic study plan tailored to the topics covered in the syllabus. To access the Class 12 Economics Syllabus PDF, students can visit the provided link. This syllabus serves as a roadmap for students, guiding them through the key concepts and chapters they need to focus on to excel in their economics examination.

Class 12 Economics Syllabus PDF Download Link

CBSE Class 12 Economics Syllabus: Preparation Tips

Preparing for CBSE Class 12 Economics requires a systematic approach to cover the vast syllabus effectively. Here are some helpful tips to ace your Economics exam:

1. Understand the Syllabus: Familiarize yourself with the Class 12 Economics syllabus to know which topics are included and their weightage in the exam. Focus on areas where you need more practice and understanding.
2. Study Regularly: Allocate specific time slots for Economics study sessions in your daily routine. Consistent practice and revision are key to mastering the subject.
3. Use NCERT Books: NCERT textbooks are essential resources for CBSE exams. Read them thoroughly to grasp the fundamental concepts and theories. Make concise notes while studying to aid in quick revision.
4. Refer to Supplementary Material: Supplement your NCERT textbooks with reference books and study materials recommended by teachers or subject experts. These resources provide additional insights and practice questions for better understanding.
5. Practice Numerical Problems: Economics involves numerical problems related to concepts like national income, inflation, and fiscal policy. Practice solving these problems regularly to strengthen your mathematical skills and application of economic theories.
6. Solve Sample Papers and Previous Year Papers: Practice solving sample papers and previous year question papers to familiarize yourself with the exam pattern, marking scheme, and types of questions asked. This will help you manage time during the actual exam and identify areas that need improvement.
7. Seek Clarifications: Don’t hesitate to seek help from teachers or classmates if you encounter difficulties understanding any topic. Clear your doubts promptly to avoid misconceptions and ensure thorough understanding.
8. Revise Regularly: Plan a structured revision schedule to revise all the topics periodically. Use revision techniques like flashcards, mind maps, and group discussions to reinforce your learning and improve retention.
9. Focus on Current Affairs: Stay updated with current economic developments, government policies, and global economic trends. Relate theoretical concepts to real-world scenarios to understand their practical implications.
10. Stay Calm and Confident: Maintain a positive attitude and stay calm during the exam. Manage your time effectively and attempt all questions with confidence. Believe in your preparation and give your best effort.

FAQs on CBSE Class 12 Economics Syllabus

What are the different parts of the CBSE Class 12 Economics Syllabus?

The CBSE Class 12 Economics Syllabus is divided into three parts: Part A and Part B cover theory, contributing 80 marks, while Part C entails project work, carrying 20 marks.

Which chapter holds the highest weightage in the CBSE Class 12 Economics Syllabus?

The chapter 'Current Challenges Facing Indian Economy' carries the highest weightage, accounting for 20 marks in the CBSE Class 12 Economics Syllabus.

What types of questions can be found in the CBSE Class 12 Economics Syllabus?

The CBSE Class 12 Economics Syllabus encompasses various question types, including those testing remembering and understanding, applying and analyzing, as well as evaluating and creating skills.