Revised CBSE Class 12 Economics Syllabus (Reduced 30%): PDF Download
The Central Board of Secondary Education has announced the Revised CBSE class 12 Economics syllabus 2021. Due to the pandemic, the Board has reduced the CBSE class 12 Economics Syllabus by 30%. Economics is an important subject for the Commerce stream students which deals with many abstract and ideal blueprints to study the action and foretell how institutions will adapt to given changes in fiscal policies and market conditions, among other factors.
The students preparing for the upcoming Economics Board Exam must prepare only from the Revised CBSE class 12 Economics syllabus 2021, as it provides students with an insight into which chapters are included for the exams and which topics are excluded for this academic year 2020-21.
For students to have a proper study plan, Vidya Setu provides CBSE class 12 Economics syllabus 2020-21 pdf download with detailed and updated information related to the CBSE class 12 Economics Syllabus.
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Download CBSE Class 12 Economics Syllabus- Reduced 30%
Students preparing for preparation of the upcoming Economics exam must have the knowledge of the revised CBSE class 12 Economics syllabus. Students must know what chapters they have to study and what all topics or units are reduced from the CBSE class 12th economics syllabus for this academic year 2020-21.
From this article, students can download the Revised CBSE economics syllabus class 12 2020-21 pdf, with all the Deleted topics from the syllabus and updated weightage of each unit.
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.
The central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank, Banker’s Bank.
Unit 3: Determination of Income and Employment
Aggregate demand and its components.
The 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 the – changes in government spending, taxes, and money supply.
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; the balance of payments deficit meaning.
Foreign exchange rate – meaning of fixed and flexible rates and managed to float.
Part B: Indian Economic Development
Unit 6: Development Experience (1947-90) and Economic Reforms since 1991
A brief introduction of the state of the 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 liberalization, globalization, and privatization (LPG policy); Concepts of demonetization and GST
Unit 7: Current challenges facing the Indian Economy
Poverty- absolute and relative; Main programs 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 – the role of cooperatives; agricultural diversification.
Employment: Growth and changes in the workforce 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 neighbors
India and Pakistan
India and China
Issues: economic growth, population, sectoral development, and other Human
Part C: Project in Economics
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 2020-21: Deleted Topics
- Deleted topics for Macroeconomics (Part A: Introductory Macroeconomics)
|Unit 2: Money and Banking||Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.|
|Unit 5: Balance of Payments||Balance of payments deficit-meaning. Determination of exchange rate in a free market.|
- Deleted Topics for Microeconomics (Part B: Indian Economic Development)
|Unit 7: Current challenges facing the Indian Economy||Growth of Education Sector in India alternative farming – organic farming
CBSE Class 12 Economics Marking Scheme 2020-21
The economics theory paper consists of a total of 80 marks. It is divided into two parts of 40 marks each and 20 marks are allotted for project work. To score good marks in the upcoming Economics exam 2021, students must know the weightage of each unit and prepare accordingly. Given below is the CBSE class 12 economics unit-wise weightage as per the revised CBSE class 12 Eco syllabus.
|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|
|Part B||Indian Economic Development|
|Development Experience (1947-90)
and Economic Reforms since 1991
|Current Challenges facing Indian Economy||22||35|
|Development Experience of India – A Comparison with
|Theory Paper (40+40 = 80 Marks)||40||75|
|Part C||Project Work||20||15|
How to Download CBSE Class 12 Economics Syllabus 2021
Class 12 students can also download the CBSE class 12 Economics syllabus from the official website as well as from this article. The steps to download the syllabus are given below.
- Steps to download from Official Website
Step 1 – Visit the official website CBSE.nic.in.
Step 2 – On the top of the home page, you will see the option of ‘curriculum’. Click on the tab, it will redirect you to the syllabus page.
Step 3 – Now click on the option ‘Senior Secondary Curriculum (XI-XII)’
Step 4 – Select the ‘ Academic Electives – (Group-A)’ option. The list of subjects will now open on the screens.
Step 5 – Click on the subject names to download the syllabus for the respective subject.
Step 6 – Click on the download button and save the syllabus in pdf format.
- Steps to Download the Syllabus from this article
Step 1- Open the PDF link.
Step 2- On the top right side, you will find an “arrow button”.
Step 3- By clicking the arrow button, your CBSE class 12 Economics syllabus will be downloaded on your device.
Note: To avoid confusion and complexity, download the CBSE class 12 Economics syllabus 2020-21 from Vidya Setu by following 2 very easy steps.
CBSE Class 12 Economics Exam 2021: Exam Paper Pattern
Duration: 3 hrs.
|S.No.||Typology of Questions||Marks||Percentage|
|1.||Remembering and Understanding: Exhibit memory of previously learned material by recalling facts, terms, basic concepts, and answers. Demonstrate understanding of facts and ideas by organizing, comparing, translating, interpreting, giving descriptions, and stating main ideas||44||55%|
|2.||Applying: Solve problems to new situations by applying acquired knowledge, facts, techniques, and rules in a different way.||18||22.5%|
|3.||Analyzing, Evaluating, and Creating: Examine and break information into parts by identifying motives or causes. Make inferences and find evidence to support generalizations. Present and defend opinions by making judgments about information, the validity of ideas, or quality of work based on a set of criteria. Compile information together in a different way by combining elements in a new pattern or proposing alternative solutions.||18||22.5%|
CBSE Class 12 Economics Grading Scheme
As per the CBSE curriculum, the grades and marks of the class 12 exam are awarded to students on the basis of a 9-point grading system. Check out the Assessment scheme of CBSE class 12 upcoming Economics exam 2020-21 given below.
|CBSE Class 12 Economics Grading Scheme|
|A-1||Top 1/8th of the passed candidates|
|A-2||Next 1/8th of the passed candidates|
|B-1||Next 1/8th of the passed candidates|
|B-2||Next 1/8th of the passed candidates|
|C-1||Next 1/8th of the passed candidates|
|C-2||Next 1/8th of the passed candidates|
|D-1||Next 1/8th of the passed candidates|
|D-2||Next 1/8th of the passed candidates|
CBSE Class 12 Economics Sample Paper
After the completion of, CBSE 12 economics syllabus students need proper revision before appearing for the exam. Therefore, students must solve the CBSE class 12 Economics sample papers to assess their preparations for the upcoming exam. Given below are the last 3 years of CBSE class 12 Economics Sample Papers with a solution.
|CBSE class 12 Economics sample paper 2020-21||Sample Question Paper||Answer|
|CBSE class 12 Economics sample paper 2019-20||Sample Question Paper||Answer|
|CBSE class 12 Economics sample paper 2018-19||Sample Question Paper||Answer|
CBSE Class 12 Economics- Recommended Books
The prescribed book for Economics is the NCERT Economics book. NCERT Class 12 Economics books have detailed explanations of each and every topic in a very easy language. By studying for the NCERT books students can clear the Economics exam with good marks.
- CBSE Class 12 Economics Part A (Introductory Macroeconomics) – NCERT Book
- CBSE Class 12 Economics Part B (Indian Economic Development)– NCERT Book
CBSE Class 12 Economics Exam 2021: Preparation Tips
To get the best result in the upcoming CBSE class 12 Economics exam, students must follow the given tips below:
- First of all, students must prepare a strict study plan.
- Students must then have all the study material such as NCERT book, sample papers, revised Economics syllabus etc.
- Before starting the preparation, 12 CBSE economics syllabus pdf. Students must have a knowledge of what topics are included and deleted for this academic year 2020-21.
- As per the weightage of each unit students must devote their time in the particular topic.
- Try to learn all the important terminologies related to the subject.
- Revision is very critical for every student. So, to have a proper revision try to solve the Economics sample papers.
For better and advanced learning, students must Enroll Now with Vidya Setu. Vidya Setu is renowned for outstanding results every year. For all the latest and updated information regarding Class 11 and class 12, visit this page. The direct link to download the CBSE Class 12 Chemistry Syllabus is given below.
Frequently Asked Questions
Q1. How many chapters are there in the Revised CBSE Class 12 Syllabus?
Ans: There are 6 chapters in Macroeconomics and 6 chapters in Microeconomics.
Q2. Is the CBSE Class 12 Economics Syllabus changed for this academic year 2020-21?
Ans: Yes, due to the covid-19 pandemic the board has reduced the CBSE class 12 Economics syllabus 2020-21 by 30%.
Q3. Is the NCERT book enough for the upcoming CBSE Class 12 Economics exam?
Ans: Yes, NCERT book enough for the upcoming CBSE Class 12 Economics exam. The topics and chapters are explained very appropriately in a detailed way and in easily understandable language.