CBSE Syllabus for Class 12 Economics 2019-20

CBSE Syllabus of Class 12 Economics – Download in PDF

CBSE Syllabus for Class 12 Economics 2019-20 contains all the topics of this session. myCBSEguide provides you latest Syllabus for Class 12 Economics in PDF format for free download. Economics is the social science that studies the production, distribution, and consumption of goods and services. CBSE syllabus of class 12 is now available in myCBSEguide mobile app. The curriculum for March 2020 exams is designed by CBSE, New Delhi as per NCERT textbooks for the session 2019-20.

CBSE Syllabus for class 12 Economics 2019-20

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CBSE Syllabus Class 12 Economics

Theory: 80 Marks (3 Hours)
Project: 20 Marks

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
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 Indi
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)
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.

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Suggested Question Paper Design
Economics (Code No. 030)
Class XII (2019-20)
March 2020 Examination

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Marks: 80
Duration: 3 hrs.

There will be Internal Choices in questions of 1 mark, 3 marks, 4 marks and 6 marks in both sections (A & B). In all, Total 8 internal choices

Guidelines for Project Work in Economics (Class and XII)

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

• probe deeper into theoretical concepts learnt in classes 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 3,500-4,000 words (excluding diagrams & graphs), preferably hand-written
• it will be an independent, self-directed piece of study

Role of the teacher: The teacher plays a critical role in developing thinking skills of the learners. A teacher should:

• help each learner select the topic based on recently published extracts from the news media, government policies, RBI bulletin, NITI Aayog reports, IMF/World Bank reports etc., after detailed discussions and deliberations of the topic
• play the role of a facilitator and supervisor to monitor the project work of the learner through periodic discussions
• guide the research work in terms of sources for the relevant data
• educate learner about plagiarism and the importance of quoting the source of the information to ensure authenticity of research work
• prepare the learner for the presentation of the project work
• arrange a presentation of the project file

Scope of the project:

Learners may work upon the following lines as a suggested flow chart:

Expected Checklist:

• Introduction of topic/title
• Identifying the causes, consequences and/or remedies
• Various stakeholders and effect on each of them
• Advantages and disadvantages of situations or issues identified
• Short-term and long-term implications of economic strategies suggested in the course of research
• Validity, reliability, appropriateness and relevance of data used for research work and for presentation in the project file
• Presentation and writing that is succinct and coherent in project file
• Citation of the materials referred to, in the file in footnotes, resources section, bibliography etc.

Mode of presentation/submission of the Project:
At the end of the stipulated term, each learner will present the research work in the Project File to the External and Internal examiner. The questions should be asked from the Research Work/ Project File of the learner. The Internal Examiner should ensure that the study submitted by the learner is his/her own original work. In case of any doubt, authenticity should be checked and verified.
Marking Scheme:
Marks are suggested to be given as –

Suggestive List of Projects: