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CBSE Class 12th Economics Syllabus 2022-23: Check Topic-Wise Weightage

Rahul Raj
Rahul RajUpdated On: September 05, 2022 09:49 am IST

CBSE Class 12th Economics Syllabus saw certain changes due to the reintroduction of the single term board exam pattern, which will be followed by the board for the academic year 2022-23. This article contains detailed CBSE Class 12th Economics syllabus. Check it here.

CBSE Class 12 Economics Syllabus

CBSE Class 12th Economics Syllabus 2022-23: The Economics of class 12th is a more advanced version of class 11. CBSE class 12 Economics covers a wide range of topics and advanced information on the subject, carrying forward the concept which the student learns in class 11 Economics syllabus. Economics is the science of financing which deals with how governments, businesses, households, society, and people decide when, where, and how to best utilise their natural resources. Students can directly access the new CBSE class 12 Economics syllabus for the academic year 2022-23 in the article given below.

Students might already be knowing that the CBSE Board has abolished the two term examination pattern, which was adopted last year due to the Covid- 19 situations. Consequently, the syllabus was divided into two parts, where the Term 1 exams were conducted on the basis of first half of the syllabus while the other half of the syllabus was examined in Term 2 papers. Bringing down this system, CBSE board has reintroduced the conventional single term exam pattern. Here, the exams are conducted at the end of the year covering the whole syllabus. However, some reductions have been made by the board in the syllabus for each subject. A comprehensive syllabus for CBSE Class 12th Economics subject has been represented in the article provided below. Please read it to learn more. 

CBSE Class 12 Economics Syllabus 2022

Students studying for the CBSE 12th Economics board exam in 2022-23 should go through the syllabus thoroughly and plan their studies accordingly.

Here is the complete syllabus for CBSE Class 12 Economics -

Part - Unit Name

Important Topics

Distribution of Marks

Part A - Introductory Macroeconomics

National Income and Related Aggregates

10 - Marks

Money and Banking

6 - Marks

Determination of Income and Employment

12 - Marks

Government Budget and the Economy

6 - Marks

Balance of Payments

6 - Marks

Part B - Indian Economic Development

Development Experience (1947-90) and Economic Reforms since 1991

12 - Marks

Current challenges facing Indian Economy

10 - Marks

Development Experience of India – A Comparison with Neighbours

08 Marks

Total Theory Paper 

80 Marks

Project Work

20 Marks

Also Check:-

CBSE Class 12 Chemistry Syllabus 2022

CBSE Class 12 Accountancy Syllabus 2022

CBSE Class 12th Economics Syllabus: Topic Wise

UnitUnit NameDescriptive Syllabus
1.National Income and Related Aggregates
  • 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
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.
  • 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.
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 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 of fixed and flexible rates and managed floating
  • Determination of exchange rate in a free market, Merits and demerits of flexible and fixed exchange rate.
  • Managed Floating exchange rate system
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 liberalisation, globalisation and privatisation (LPG policy); Concepts of demonetization and GST
7.

Current challenges facing 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

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

Books Recommended for CBSE Class 12 Economics Syllabus

The books listed below cover the CBSE Class 12th Accountancy syllabus for 2023 in great detail.

S.No

Name of Books

Published By

1

Statistics for Economics

NCERT

2

Indian Economic Development

NCERT

3

Introductory Microeconomics

NCERT

4

Macroeconomics

NCERT

5

Supplementary Reading Material in Economics

CBSE

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Stay tuned to CollegeDekho for the most up-to-date CBSE 2022-23 information.

Good Luck!

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