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Check CBSE Class 12 Economics Syllabus & Marking Scheme

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CBSE has released the Class 12 Economics Syllabus and Marking Scheme for 2021-2022. So, the syllabus is designed to help students understand different economic concepts and their applications in the real world. Further, the class 12 economics syllabus 2021-22 includes a list of topics covered in the board examination. Additionally, the marking scheme provides an overview of the marks awarded for different questions.

The class 12 economics syllabus is a document that outlines the expectations and objectives of a course. This well-constructed class 12 eco syllabus can help students clearly understand what they are expected to learn in a course. Further, the class 12 economics syllabus 2021-22 can also help instructors track and assess students’ progress. In addition, a syllabus can be helpful for students in planning their studies and in preparing for examinations.

The Importance Of Class 12 Economics Syllabus

The Class 12 Economics Syllabus 2021-22 is extensive and was created to impart basic concepts of the economics curriculum. Students will better understand economic statistical techniques, market mechanisms, supply-demand, cost, and revenue by studying through the course.

Class 12 Economics Syllabus 2021-22 Overview

The Economics subject for Class 12 has been separated into two terms by the CBSE. The first section is Introductory Macroeconomics and the second is Indian Economic Development. Furthermore, these two parts contain several crucial issues that students must fully comprehend.

As a result, the class 12 economics syllabus would assist students in fully comprehending the current economic surroundings and how the financial sector of India works. 

Class 12 Economics Syllabus & Chapters

So, now let’s look at the NCERT class 12 economics syllabus for Term 1. 

Part A – Introductory Macroeconomics

Unit 1

National Income and Related Aggregates

Unit 2

Money and Banking

Unit 3

Determination of Income and Employment

Unit 4

Government Budget and the Economy

Unit 5

Balance of Payments

So, the aggregate theory paper is 40 marks. Further, the project work carries ten marks, making the term 1 total mark 50. 

Now, check the class 12 Economics syllabus for term 2. 

Part B – Indian Economic Development

Unit 6

Development Experience (1947-90) and Economic Reforms since 1991

Unit 7

Current Challenges facing Indian Economy

Unit 8

Development Experience of India – A Comparison with Neighbours

So, the aggregate theory paper is 40 marks. Further, the project work carries ten marks, making the term 1 total mark 50. 

Class 12 Economics Project 2022

The aim of the project activity is for students to be able to: 

  • Deepen their understanding of theoretical concepts learned in XI and XII.
  • Review and interpret real-world economic circumstances using theoretical arguments and evidence.
  • Illustrate your understanding of economic theory.
  • Develop the ability to communicate rationally.

The following are the project work’s expectations:

  • For each academic session, students must complete only ONE project.
  • The project should be 3,500-4,000 words long (except diagrams and graphs) and written by hand.
  • It will be a self-directed, autonomous study.

Class 12 Economics Deleted Syllabus 2021-22

There is no appropriate school operating because of the Covid-19 scenario. Students are becoming increasingly stressed, and covering the complete syllabus in online classrooms is becoming increasingly challenging. As a result, CBSE has agreed to reduce the syllabus in all classes by 30%.

Additionally, the decreased syllabus will be in use to design the board’s question paper for 2021-2022. Here is the economics deleted syllabus 2021-22. 

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

Unit 7: Current challenges facing Indian Economy

Growth of Education Sector in India alternative farming – organic farming

Infrastructure: Energy

Marking Scheme For Class 12 Economics

The CBSE class 12 marking scheme serves as a reference for assigning grades to students. Additionally, the CBSE uses this marking scheme to evaluate the students’ response sheets. Further, students will get detailed information about the CBSE Class 12 Marking Scheme for Economics.

So, the board has decreased the 12th class syllabus by 30% for 2020-21. However, this change was made possible by recognising the global spread of the coronavirus. Also, the board has made significant changes to the exam design regarding the amended syllabus.

They have also provided the CBSE Class 12 Sample Papers and even the marking scheme on the official site. Further, these example papers will assist students in comprehending the exam pattern design, mark allocation, and degree of difficulty. Additionally, it will also provide students with an understanding of the actual questionnaire, allowing them to study for the exam more successfully.

So, here you can find unit-wise mark allocation for the subjects:

Part A: Introductory Macroeconomics – Total marks is 40. 

  • Unit-1: National Income and Related Aggregates – 10 Marks
  • Unit-2: Money and Banking – 6 Marks
  • Unit-3: Determination of Income and Employment – 12 Marks
  • Unit-4: Government Budget and the Economy – 6 Marks
  • Unit-5: Balance of Payments – 6 Marks

Part B: Indian Economic Development – Total marks is 40.

  • Unit-6: Development Experience (1947-90) and Economic Reforms since 1991 – 12 Marks
  • Unit-7:Current Challenges facing Indian Economy – 22 Marks 
  • Unit-8: Development Experience of India – A Comparison with Neighbours – 06 Marks

Tips To Score Well In Economics Class 12

For scoring good in class 12 Economics, one must have a solid understanding of each concept. Students can use the approaches indicated below to comprehend the course better and improve their chances of scoring high in your term end exam.

  • Make graphs wherever they’re needed.
  • To revise, stick to a specific note-taking pattern.
  • Also, ensure to highlight important details.
  • Make sure to practice sample papers. 
  • For preparations, employ NCERT.
  • Choose Vidya Setu’s live classes and recorded classes to prepare well.

Conclusion

In conclusion, the CBSE Class 12 Economics syllabus and marking scheme provides a comprehensive overview of the topics covered in the upcoming school year. Additionally, students need to become familiar with the syllabus and marking scheme to plan their studies accordingly. Students should also utilize this data to better understand how they’d be assessed and what is anticipated of them during the school year.