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Economics is concerned with the production, distribution, and consumption of commodities and services.

Runali Deb Roy

Last Update : 07 Jan 2023


Learn Economic Concepts and Theories

The study of the production, distribution and consumption of commodities and services is referred to as economics. Focusing on economic principles, people, personal families, private enterprises, and government institutions employ available resources to produce and distribute valued goods. CBSE has introduced class 12 Economics as an essential element of the Secondary Education curriculum to enable Indian students to grasp the significance of judicious use of resources both effectively and efficiently. 

The CBSE Class 12 Economics Syllabus covers a wide range of topics and advanced knowledge about the subject, including all of the problems from the CBSE Class 11 Economics Syllabus. Economics concerns how governments, businesses, families, society, and people decide when, where, and how to utilize their natural resources best. CBSE Syllabus for Class 12 is a subject that deals with numerous abstract and ideal blueprints to examine the action and predict how institutions will adjust to given changes in fiscal policies and market conditions, among other elements in Economics.

Comprehensive Exam Preparation for Economics

  • Revision notes would undoubtedly help to perform well in future Class 12 board tests.
  • Making Economic revision notes can help you organize your studies.
  • Study and review in order to retain significant components of the curriculum in their brains.
  • It assists you in identifying the key points to study for the tests.

Course Content

65 Lessons 45m

CBSE Class 12 Economics Syllabus 2022-2023:

The new CBSE Economics Syllabus is available here for Class 12 students in the commerce stream of the CBSE. For the current academic year, 2022–2023, the board has issued the updated CBSE Class 12 Economics Syllabus. The annual assessment and this curriculum align. To become familiar with the most recent course and exam structures, students must read the whole syllabus. This syllabus can also be used to examine the specifics of project work and question paper design.

CBSE Class 12 Economics Syllabus 2022-23

Students may access the most recent CBSE Class 12 Economics Syllabus PDF by clicking on the link below. Going over the syllabus will help students understand the subjects they will be studying in Economics over the academic year.

How to prepare for Economics Subject easily?

Create a plan of action for your research and modifications. You will be able to finish the syllabus on time if you adhere to a set timetable.

Make sure to highlight the key passages in your CBSE textbooks while you study the economics curriculum. The importance of revisions is enormous. However, it is impossible to read the entire text again in order to catch the key elements. As a result, concise remarks are recommended. Use the Class 12 Economics Chapter Wise Notes if you don't have time to prepare your own handwritten notes.

Learn the exam format for the CBSE class 12 2021 examinations by completing the most recent practice papers.

How to prepare for Economics Subject easily?

Course Structure


Part A: Introductory Macroeconomics
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Unit 1: National Income and Related Aggregates

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 functions, 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, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.


Part B: Indian Economic Development
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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 privatisation (LPG policy); Concepts of demonetization and GST

Course Instructor

Shruti Koli
25 Tutorials 100 Students

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Ravikant Sharma
25 Tutorials 100 Students

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