AHSEC HS 2nd Year Economics Syllabus 2024-25: Download Assam Board Class 12 Economics Syllabus FREE PDF

HS 2nd Year Economics Syllabus 2024 PDF Download: The Assam Higher Secondary Education Council (AHSEC) Class 12 Economics syllabus is out for the year 2024-25. The board has released the syllabus PDF at ahsec.assam.gov.in. 

Here, the complete Assam Board HS 2nd year Economics syllabus is discussed along with the marking scheme and project work. As per the syllabus, the theory portion is of 80 marks and the rest 20 are for the project. Read the full syllabus here and download its free PDF.

Assam Board HS 2nd Year Economics Course Structure 2024-25

Marks 100[ (80 Theory )+ 20 (Project)]

Unit-wise Distribution of Marks and Periods:

 Part A: Introductory Macroeconomics

Part B: Indian Economic Development

Part C: Project Work in Economics (20 marks & 20 periods)

 Assam HS 2nd Year Economics Syllabus 2024-25

Check the complete unit-wise syllabus here:

Part A: Introductory Macroeconomics

 Unit :1   National Income and Related Aggregates (Marks 10 & Periods 30)

1. Macroeconomics: Meaning, emergence of macroeconomics; Major sectors in an economy (Household, Firms, Government, External)
2. Basic concepts in Macroeconomics : consumption goods, capital goods, final goods, intermediate goods; stocks and flows; Investment, Gross investment, Net investment and depreciation

• Circular flow of income (two sector model) Methods of calculating National Income- Value added or Product method, Expenditure Method, Income Method.
• Factor Cost, Basic Prices and Market Prices.

• 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; Personal Income, Personal Disposable Income, National Disposable Income and Private income; Real and Nominal GDP.

• GDP and Welfare.

Unit 2 : Determination of Income and Employment. (Marks 12 & Periods 25)

• Aggregate demand and its components.
• Consumption function, Propensity to consume and propensity to save (average and Marginal), Investment function.
• Income determination in two sector model
• Determination of Equilibrium Income in the short run: macroeconomic equilibrium with price level fixed, effect of an autonomous change in aggregate demand on income and output, investment multiplier and its mechanism.
• Meaning of full employment, Deficit demand, excess demand.

 Unit 3: Money and Banking (Marks 6 & Periods 12)

• Money - Meaning and its functions
• Demand for money; motives for demand for money.
• Supply of money; Various measures of supply of money.
• Central bank and its functions
• Commercial Banks- Meaning and functions. Credit creation by the commercial banks.
• Limits to credit creation and money multiplier.
• Policy tools to control money supply.
• Demonetization

Unit 4: Government Budget and the Economy (Marks 6 & Periods 12)

• Government budget- meaning, objectives and components.
• Classification of receipts revenue receipts and capital receipts.
• Classification of expenditure - revenue expenditure and capital expenditure,
• Balanced Budget, Surplus Budget and Deficit Budget; measures to correct government deficit- Fiscal Policy: Changes in government expenditure and changes in tax, public debt; Fiscal Responsibility and Budget management Act, 2003; GST (Concept only).
• Measures of Government deficit- Revenue deficit, Fiscal deficit, Primary deficit

Unit 5: Open Economy (Marks 6 & Periods 12)

• Balance of Payments: meaning, Current Account, Capital Account, Balance of payments surplus and deficit
• The foreign exchange market, Foreign exchange rate: fixed exchangecate, flexible exchange rate and managed floating exchange rate.
• Determination of forcing exchange rate under fixed and flexible exchange rate.
• Merits and demerits of flexible and fixed exchange rate.

Part B: Indian Economic Development

Unit 6: Development Experience (1947-1990) (Marks 7 & Periods 13)

• A brief introduction of the states of Indian economy on the eve of the independence.
• Indian economic system and common goals of Five Years Plans.
• Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy)
• Industry and Trade: Industrial Policy Resolution 1956; Small Scale Industry-Role and Importance; Trade Policy-Import Substitution.

Unit 7: Economic Reforms since 1991 (Marks 5 & Periods 10)

• Rationale of Economic Reforms; Liberalisation, Privatisation and Globalisation; appraisals economic reforms in India.
• Features and appraisals of liberalization, globalisation and privatisation (LPG Policy)

Unit 8: Current Challenges facing Indian Economy (Marks 22 & Periods 55)

• Human Capital Formation: Human capital, Sources of Human capital, Human Capital and Human Development, State of Human capital Formation in India Education Sector in India.
• Rural Development: Key Issues- credit and marketing in rural areas.
• Agriculture market system, Diversification into Productive activities, Sustainable development and organic farming
• Employment: Growth and changes in work force participation rate in formal and informal sectors; problems and policies.
• Environment and Sustainable development: Environment- Definition and functions, Sustainable development-meaning, strategies for sustainable development, nature of environmental challenges facing india.

[ N.B.: at the time of discussion of the above topics in unit 8, the faculty/ teacher should also make references about the Assam Economy]

 Unit 9: Development Experiences of India: A comparison with neighbors (Marks 6 & Periods 7)

• India and Pakistan
• India and China
• With reference to issues: Demographic indicators, Economic growth, Sectoral Development & Human Development Indicators.

Part C: Project in Economics (Marks 20 & Periods 20)

Guidelines for Project Work in Economics (Class XII)

The objectives of the project work are to enable learners to:

• Probe deeper into theoretical concepts learnt in classes Xl and XII
• Analyse and evaluate real world economic scenarios using theoretical constructs and Arguments
• Demonstrate the learning of economic theory
• Follow up aspects of economics in which learners have interest.
• Develop the communication skills to argue logically. The expectations of the project work are that:
• Learners will complete only ONE project in each academic session
• Project should be of 3500- 4000 words (excluding diagrams & graphs), preferably hand- written
• lt will be an independent, self -directed piece of study

Marking Scheme :

Suggestive list of projects

To know more and download the syllabus PDF, click on the link below:

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• Assam Board HS 2nd Year Syllabus 2024-25 PDF (All Subjects)
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Also Check:

• Assam Board HS 1st Year Syllabus 2024-25 All Subjects PDF
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