Rajasthan Board Class 12 Economics Syllabus 2024-2025: Download in PDF

RBSE Class 12 Economics Syllabus 2025: RBSE Class 12 Economics Syllabus 2025: This document presents the latest syllabus for Class 12 Economics by the Rajasthan Board. The syllabus will be the basis for both internal assessments and board exams during the 2024-2025 academic session. It is essential for students to familiarize themselves with the RBSE Class 12 Syllabus 2024-25 to effectively prepare for these examinations. 

The Rajasthan Board Class 12 Economics syllabus is divided into two parts:

• Introductory Macroeconomics: This section covers topics like national income accounting, money and banking, income and employment, government budget, and open economy.
• Introductory Microeconomics: This section includes consumer behaviour, production and costs, and market equilibrium under perfect competition.

This comprehensive syllabus provides a solid foundation in economic principles, essential for exam preparation and future studies in Economics. The syllabus is available in both English and Hindi, ensuring that all students can easily access and understand it. Check and download the complete syllabus below.

Rajasthan Board Class 12 Economics Exam Pattern 2024-25

The total marks for RBSE Class 12 Economics Exam 2025 will be 100 which will be calculated based on the following assessment criteria:

The annual theory exam will be conducted based on the full syllabus. The exam duration will be 3 hours 15 minutes, including 15 minutes to read the questions only.

Rajasthan Board Class 12 Economics Syllabus 2024-25

Check the detailed syllaus and chapter-wise weightage below to prepare effectively for the examinations.

Part-A : Introductory Macroeconomics

Unit-1 Macroeconomics

Chapter 1: Introduction

Emergence of Macroeconomics, Context of the Present Book of Macroeconomics

Chapter 2: National Income Accounting

Basic concepts of Macroeconomics, 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, Macroeconomic Identities, Nominal and Real GDP, GDP and Welfare.

Unit 2: Money and Banking

Chapter 3: Money and Banking

Functions of Money, demand for money, supply of money, Money creation by the banking system, Balance Sheet of a Fictional Bank, Limits to Credit Creation and Money Multiplier, Policy tools to control money supply.

Unit 3: Income and Employment

Chapter 4: Determination of Income and Employment

Aggregate demand and its components-Consumption, Investment, Determination of Income in two sector model, Determination of equilibrium with price level, fixed effect of an autonomous change in aggregate demand on Income and Output. The multiplier mechanism, Some more concepts.

Unit 4: Government Budget

Chapter 5: Government Budget and the Economy

Government budget - meaning, objectives and it's components, Objectives of government budget, Classification of receipts , Classification of expenditure, Balanced, surplus and deficit Budget, Measures of government deficit.

Unit 5: Open Economy

Chapter 6: Open Economy-Macroeconomics

The Balance of payments, Current account, Capital account, Balance of payments surplus and deficit, Foreign exchange market, Foreign exchange rate, Determination of exchange rate, Merits and Demerits of flexible and fixed exchange rate systems, managed floating.

Part-B : Introductory Microeconomics

Unit 1: Introductory Microeconomics

Chapter 1: Introduction

A Simple Economy, Central Problems of an Economy, Organisation of Economic Activities, The Centrally Planned Economy, The Market Economy, Positive and Normative Economics, Microeconomics and Macroeconomics.

Unit 2: Consumer Behaviour

Chapter 2: Theory of Consumer Behaviour

Utility, Cardinal Utility Analysis, Ordinal Utility Analysis, The Consumer’s Budget, Budget Set and Budget Line, Changes in the Budget Set, Optimal Choice of the Consumer, Demand: Demand Curve and the Law of Demand, Deriving a Demand Curve from Indifference Curves and Budget Constraints, Normal and Inferior Goods, Substitutes and Complements, Shifts in the Demand Curve, Movements along the Demand Curve and Shifts in the Demand Curve, Market Demand, Elasticity of Demand, Elasticity along a Linear Demand Curve, Factors Determining Price Elasticity of Demand for a Good, Elasticity and Expenditure.

Unit 3: Concepts of Production And Costs

Chapter 3: Production And Costs

Production Function, The Short Run and the Long Run, Total Product, Average Product and Marginal Product, The Law of Diminishing Marginal Product and the Law of Variable Proportions, Shapes of Total Product, Marginal Product and Average Product Curves, Returns to Seale, Costs, Short Run and Long Run Costs.

Unit 4: Perfect Competition

Chapter 4: The Theory Of The Firm Under Perfect Competition

Perfect Competition: Defining Features, Revenue , Profit Maximisation , The Profit Maximisation Problem: Graphical Representation, Supply Curve of a Firm, Short Run Supply Curve of a Firm. Long Run Supply Curve of a Firm, The Shut Down Point , The Nermal Profit and Break-even Point , Determinants of a Firm’s Supply Curve, Technological Progress, Input Prices, Market Supply Curve, Price Elasticity of Supply.

Chapter 5 Market Equilibrium

Equilibrium, Excess Demand, Excess Supply, Market Equilibrium: Fixed Number of Firms, Market Equilibrium: Free Entry and Exit, Applications- Price Ceiling, Price Floor.

Download the syllabus in Hindi and English below:

Prescribed Textbooks

1. Microeconomics — NCERT's Book Published under Copyright

2. Macroeconomics — NCERT's Book Published under Copyright

Also Download Rajasthan Board Class 12 Syllabus 2024-2025 of All Subjects

Online Test Series for RBSE Class 12 (Commerce)

Mock tests are the best form of practice material to assess your knowledge and identify areas where you need improvement. To facilitate this, we have provided meticulously crafted mock tests for Rajasthan Board Class 12. These online tests are specifically designed for the commerce stream. Students must utilize these tests regularly to enhance their exam preparation and boost their confidence. Access these valuable resources below: