CBSE Class 12 Economics Syllabus 2019 - 2020 & Important Resources

Have you gone through new CBSE Class 12 Economics Syllabus 2019 - 2020? Download it now and check complete details about course structure and project work of CBSE Class 12 Economics subject.

Mar 12, 2020 19:39 IST
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CBSE Class 12 Economics Syllabus 2019 - 2020
CBSE Class 12 Economics Syllabus 2019 - 2020

Check and download CBSE Class 12 Economics Syllabus 2019 - 2020 in PDF format. Direct link to download PDF of CBSE Class 12 Economics Syllabus 2019 - 2020 is given at the end of this article. It contains complete details about the complete course structure, paper pattern and project work of CBSE Class 12 Economics.

CBSE Class 12 Economics Sample Paper 2020 (Issued by CBSE)

CBSE 12th Economics Board Exam 2020: Chapter-wise Important Questions & Answers on Microeconomics & Macroeconomics

CBSE 12th Date Sheet 2020: CBSE Class 12 Time Table 2020 for All Streams

CBSE Class 12 Economics Syllabus 2019-20 :





Part A

Introductory Macroeconomics




National Income and Related Aggregates




Money and Banking




Determination of Income and Employment




Government Budget and the Economy




Balance of Payments











Part B

Indian Economic Development




Development Experience (1947-90)

and Economic Reforms since 1991






Current Challenges facing Indian Economy




Development Experience of India – A Comparison with







Theory Paper (40+40 = 80 Marks)







Part C

Project Work



Part A: Introductory Macroeconomics

Unit 1 - National Income and Related Aggregates (28 Periods)

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 and Net Domestic

Product (GDP and NDP) - at market price, at factor cost; Real and Nominal GDP.

GDP and Welfare

CBSE Class 12 Syllabus 2019-20: All Subjects

Unit 2 - Money and Banking (15 Periods)

Money - meaning and 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.

Unit 3 - Determination of Income and Employment (27 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.

Unit 4 - Government Budget and the Economy (15 Periods)

Government budget - meaning, objectives and components.

Classification  of  receipts  -  revenue  receipts  and  capital  receipts;  classification  of expenditure – revenue expenditure and capital expenditure.

Measures of government deficit - revenue deficit, fiscal deficit, primary deficit their meaning.

Unit 5 - Balance of Payments (15 Periods)

Balance of payments account - meaning and components; balance of payments deficit- meaning.

Foreign exchange rate - meaning of fixed and flexible rates and managed floating. Determination of exchange rate in a free market.

Part B: Indian Economic Development

Unit 6 - Development Experience (1947-90) and Economic Reforms since 1991: (28 Periods)

A brief  introduction of  the state of  Indian economy on  the  eve  of  independence. Common goals of Five Year Plans.

Main  features, problems and  policies of  agriculture  (institutional  aspects  and  new agricultural strategy, etc.), industry (industrial licensing, etc.) and foreign trade.

Economic Reforms since 1991:

Features and appraisals of liberalisation, globalisation and privatisation (LPG policy); Concepts of demonetization and GST

Unit 7 - Current challenges facing Indian Economy (60 Periods)

Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment;

Rural development: Key issues - credit and marketing - role of cooperatives; agricultural diversification; alternative farming - organic farming

Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India

Employment: Formal and informal growth; problems and policies.

Infrastructure: Meaning and Types: Case Studies: Energy and Health: Problems and

Policies- A critical assessment;

Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming.

Unit 8 - Development Experience of India: (12 Periods)

A comparison with neighbours

India and Pakistan, India and China

Issues:  growth, population, sectoral development and other Human Development Indicators.

Part C: Project in Economics (20 Periods)

Download PDF from the links given below

Download CBSE Class 12 Economics Syllabus 2019-20 in PDF format

Download Details of CBSE Class 12 Economics Project Topics (2019-20) in PDF format

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