CBSE Class 12 Economics Syllabus 2020-21 (Revised & Reduced By 30%): Download PDF
Check revised & reduced CBSE Class 12 Economics Syllabus 2020-21 and download it in PDF format. Here you will get details about course structure and project work of CBSE Class 12 Economics subject.
Check & download revised & reduced CBSE Class 12 Economics Syllabus 2020-21 in PDF format. Direct link to download PDF of CBSE Class 12 Economics Syllabus 2020-21 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 2021 (Issued by CBSE)
⇒ CBSE 12th Date Sheet 2021: CBSE Class 12 Time Table 2021 for All Streams
CBSE Class 12 Economics Syllabus 2020-21 (Revised & Reduced By 30%):
| Units |
|
Marks |
Periods |
| Part A |
Introductory Macroeconomics |
|
|
|
|
National Income and Related Aggregates |
10 |
23 |
|
|
Money and Banking |
6 |
8 |
|
|
Determination of Income and Employment |
12 |
22 |
|
|
Government Budget and the Economy |
6 |
15 |
|
|
Balance of Payments |
6 |
7 |
|
|
|
40 |
75 |
|
|
|
|
|
| Part B |
Indian Economic Development |
|
|
|
|
Development Experience (1947-90) and Economic Reforms since 1991 |
12 |
28 |
|
|
Current Challenges facing Indian Economy |
22 |
35 |
|
|
Development Experience of India – A Comparison with Neighbours |
06 |
12 |
|
|
Theory Paper (40+40 = 80 Marks) |
40 |
75 |
|
|
|
|
|
| Part C |
Project Work |
20 |
15 |
Part A: Introductory Macroeconomics
Unit 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 and Welfare
Unit 2: Money and Banking
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.
Unit 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 through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
Unit 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.
Measures of government deficit - revenue deficit, fiscal deficit, primary deficit their meaning.
Unit 5: Balance of Payments
Balance of payments account - meaning and components;
Foreign exchange rate - meaning of fixed and flexible rates and managed floating.
Part B: Indian Economic Development
Unit 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
Unit 7: Current challenges facing Indian Economy
Poverty- absolute and relative; Main programmes for poverty alleviation: A critical assessment;
Human Capital Formation: How people become resource; Role of human capital in economic development;
Rural development: Key issues - credit and marketing - role of cooperatives; agricultural diversification;
Employment: Growth and changes in work force participation rate in formal and informal sectors; problems and policies
Infrastructure: Meaning and Types: Case Studies: 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:
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 (Available in PDF)
Prescribed Books:
1. Statistics for Economics, NCERT
2. Indian Economic Development, NCERT
3. Introductory Microeconomics, NCERT
4. Macroeconomics, NCERT
5. Supplementary Reading Material in Economics, CBSE
Note: The above publications are also available in Hindi Medium.
CBSE Class 12 Economics Syllabus (Reduced) 2020-21 PDF (Released on 7th July)