Economics is a subject that focuses majorly on the capabilities of individuals being consumers and producers in the market and deals in finding solutions to their problems. It includes topics like basic problems of the economy and the market like price mechanism, the theory of demand and supply, production and cost, and business cycles.
Students who are still confused about which books should I read to complete the Economic 2021 syllabus? Is the second book Introductory microeconomics or Indian development Book?which chapters are deleted in the reduced 30% course,then this blog is just for your help.
Here we have shared a complete economics syllabus, Solutions papers. Marks weightage, book class 12 pdf download for CBSE students, and also the chapter wise links rightly syncing with the new and reduced syllabus.
Downloading NCERT Class 12 Economics books PDF as the best study material to prepare for CBSE class 12th “ Eco” exams. Introductory macroeconomics textbook and Indian Economic Development book are two main reference books to prepare for CBSE class 12th Economics.
Students who are through with the entire syllabus and study with Only NCERT books can also score more than 90% marks in Economics 2021 12th board Exams.
CBSE has announced that 2021 board exams will now be held from 4th May 2021, Tuesday. Due to Covid-19 students were not able to attend school for a long time.
VSI is a CA coaching institute in India that provides the best CA coaching for foundation, intermediate and final. CBSE Class 12th commerce students prefer to choose CA as a professional course after their senior secondary exams.
VSI provides all the necessary information and pdf files related to CBSE class 12th commerce and other state boards. In order to know class 12th Commerce syllabus, Class12th commerce marks weightage, NCERT Economics book class 12th solutions, Class 12th commerce books, CBSE class 12th commerce papers CBSE, Economics syllabus and many more please Visit our website.
To excel in your commerce 2021 exams read our blog on preparation tips and advice from our expert teachers.
Students can either take a printout of pdf or study directly through soft copy.
CBSE Prescribed Book for 2021Economics Exam:
Students who are appearing for CBSE class 12th Economics exam in English should follow these books
Students who are appearing for CBSE class 12th Economics exam in Hindi should download class 12 economics book pdf in hindi
CBSE Class 12th 2021 Economics Syllabus Chapter Wise Book PDF
There are 5 chapters from the Introductory Macroeconomics book and 10 chapters from the 2nd book Indian Economic Development that cover the entire syllabus of Economics for class 12th exams that will be held in May, 2021.
According to the CBSE commerce students who have opted for Economics (Code No. 030) should divide their entire course in 3 different parts;
Part A Introductory Macroeconomics
Part B Indian Economic Development
Part C Project Work
Download the Syllabus for Economics 2021 PDF
Download the Deleted Syllabus for Economics 2021 PDF
Download the Project Syllabus for Economics 2021 PDF
CBSE Class 12th 2021 Economics Syllabus Chapter Wise
To cover the first Part A syllabus students will require introductory macroeconomics textbook in economics for class 12 ncert , and to cover Part B class 12 indian economics book pdf.
The marks weightage given to part A is 40marks and Part B also for 40 marks . Students need to submit a practical project report to score 20 more marks for Part C .
Reduced Syllabus Notes Covered In NCERT Book 1 Introductory Macroeconomics Part- A
Introductory macroeconomics textbook in economics for class 12 ncert will help students to understand the fundamentals of macroeconomics. With this the students will develop understanding of Economics role in nation building and sensitivity to the economic issues
that the nation is facing today.
There are 5 units in this Part A
Unit 1. National Income and Related Aggregates
Emergence of Macroeconomics (read notes)
Context of the Present Book of Macroeconomics
National Income Accounting
Some Basic Concepts of Macroeconomics
Circular Flow of Income and Methods of Calculating National Income
The Product or Value Added Method
Factor Cost, Basic Prices and Market Prices
Some Macroeconomic Identities
Nominal and Real GDP
GDP and Welfare
12th class Students can Download Notes for CBSE Economics Chapter 1National Income and Related Aggregates
Unit 2 Money and Banking
Functions of Money
Demand for Money and Supply of Money
Demand for Money
Supply of Money
Money Creation by Banking System
Balance Sheet of a Fictional Bank
Limits to Credit Creation and Money Multiplier
Policy Tools to Control Money Supply
12th class Students can Download Notes for CBSE Economics Chapter 3 Money
Students can Download Notes for CBSE Economics banking
Deleted Topics: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
Aggregate Demand and its Components
Determination of Income in Two-sector Model
Determination of Equilibrium Income in the Short Run
Macroeconomic equilibrium with price level fixed
Effect of an autonomous change in aggregate demand on income and output 2020-21
The Multiplier Mechanism
Some More Concepts
Students can Download Notes for CBSE Economics Chapter 4 Determination of Income and Employment
Unit 4 Government Budget and the Economy
Government Budget – Meaning and its Components
Objectives of Government Budget
Classification of Receipts
Classification of Expenditure
Balanced, Surplus and Deficit Budget
Measures of Government Deficit
12th class Students can Download Notes for CBSE Economics Chapter Government Budget and the Economy
Unit 5 Balance of Payments
The Balance of Payments
Balance of Payments Surplus and Deficit
The Foreign Exchange Market
Foreign Exchange Rate
Determination of the Exchange Rate
Merits and Demerits of Flexible and Fixed Exchange Rate Systems
Students can Download Notes for CBSE Economics Chapter Balance of Payments
Deleted Topics: Balance of payments deficit-meaning. Determination of exchange rate in a free market
Syllabus Notes Covered In NCERT Book 2 Indian Economic Development Part- B
TheSecond book Introductory to Microeconomics is not in the Syllabus of 2021.
Indian Economic Development Book is the second book that helps students to understand the positive and negative effectives of all the economic policies formulated for development of our country.
Indian Economy On The Eve Of Independence
Development Policies And Experience (1947-1990) 1-35
Chapter 1: Indian Economy On The Eve Of Independence 3
– Low Level Of Economic Development Under The Colonial Rule
– Agricultural Sector
– Industrial Sector 7
– Foreign Trade
– Demographic Condition
– Occupational Structure 1
12th class Students can Download Notes for CBSE Economics Chapter Indian Economy On The Eve Of Independence
Chapter 2 : Indian Economy 1950-1990
– The Goals Of Five Year Plans
– Industry And Trade
– Trade Policy: Import Substitution
12th class Students can Download Notes for CBSE Economics Chapter Indian Economy 1950-1990
Chapter 3 : Liberalisation, Privatisation And Globalisation : An Appraisal
-Concepts of demonetization and GST
– Indian Economy During Reforms: An Assessment
Chapter 4 : Poverty
– Who Are The Poor?
– How Are Poor People Identified?
– The Number Of Poor In India 2020-21
– What Causes Poverty?
– Policies And Programmes Towards Poverty Alleviation
– Poverty Alleviation Programmes—a Critical Assessment
12th class Students can Download Notes for CBSE Economics Chapter Poverty
Chapter 5 : Human Capital Formation In India
– What Is Human Capital?
– Sources Of Human Capital
– Human Capital And Human Development
– State Of Human Capital Formation In India
– Education Sector In India
– Future Prospects
12th class Students can Download Notes for CBSE Economics Chapter Human Capital Formation In India
Chapter 6 : Rural Development
– What Is Rural Development?
– Credit And Marketing In Rural Areas
– Agricultural Market System
– Diversification Into Productive Activities
– Sustainable Development And Organic Farming
12th class Students can Download Notes for CBSE Economics Chapter Rural development
Deleted Topics: Growth of Education Sector in India alternative farming – organic farming
Chapter 7 : Employment: Growth, Informalisation And Other Issues
– Workers And Employment
– Participation Of People In Employment
– Self-employed And Hired Workers
– Employment In Firms, Factories And Offices
– Growth And Changing Structure Of Employment
– Informalisation Of Indian Workforce
– Government And Employment Generation
12th class Students can Download Notes for CBSE Economics Chapter Employment: Growth, Informalisation And Other Issues
Chapter 8 : Infrastructure
– What Is Infrastructure?
– Relevance Of Infrastructure
– The State Of Infrastructure In India
Growth of Education Sector in India alternative farming – organic farming
Deleted Topic: Energy
12th class Students can Download Notes for CBSE Economics Chapter Infrastructure
Chapter 9 : Environment And Sustainable Development
– Environment — Definition And Functions
– State Of India’s Environment
– Sustainable Development
– Strategies For Sustainable Development
12th class Students can Download Notes for CBSE Economics Chapter Environment And Sustainable Development
Chapter 10 : Comparative Development Experiences Of India And Its Neighbours
– Developmental Path — A Snapshot View
– Demographic Indicators
– Gross Domestic Product And Sectors
– Indicators Of Human Development
– Development Strategies — An Appraisal
Syllabus Covered In Project Work Part- C Of CBSE Economics 2021
Part C is project work Project Work which can be submitted from March onwards. Students need to prepare a project file and also prepare for a written test and viva for Part c of the syllabus. In order to assess the student on their practical knowledge CBSE has also issued guidelines on preparing project files. Students can read our blog on Economics project work for 2020-2021 to know project ideas, prescribed format, marks weightage and how and when to submit the project.
Suggested Economics Project Ideas By CBSE
- Micro and Small Scale Industries
- Food Supply Channel in India
- Contemporary Employment situation in India
- Disinvestment policy of the government
- Goods and Services Tax Act and its Impact on GDP
- Health Expenditure (of any state)
- Human Development Index Inclusive Growth Strategy
- Self-help group Trends in Credit availability in India
- Monetary policy committee and its functions
- Role of RBI in Control of Credit
- Government Budget & its Component
- Trends in budgetary condition of India
- Exchange Rate determination – Methods andTechniques
- Currency War – reasons and repercussions
- Livestock – Backbone of Rural India Alternate fuel – types and importance
- Sarwa Siksha Abhiyan – Cost Ratio Benefits
- Golden Quadrilateral- Cost ratio benefit
- Minimum Support Prices
- Relation between Stock Price Index and Economic Health of Nation
- Waste Management in India – Need of the hour
- Minimum Wage Rate – approach and Application
- Digital India- Step towards the future Rain Water Harvesting – a solution to water crises
- Vertical Farming – an alternate way
- Silk Route- Revival of the past
- Make in India – The way ahead Bumper Production- Boon or Bane for the farmer
- Rise of Concrete Jungle- Trend Analysis
- Organic Farming –
Students can create a project file by referring to both the Economics book published by NCERT.
Free Download of CBSE Question Bank for 2021 Economics Exams.
CBSE has also updated their website and exam patterns.CBSE has released 2021 Economics Examination related material. Students should avoid flickering over site by site to fetch the free PDFs download of the sample papers. VSI is providing all the sample questions papers and their marking scheme for the last 5 years. Students can also download PDF of compartmental question paper suggested by CBSE with the solution.
Download CBSE Class 12th Economics Sample Paper 2020-21
Download the year 2020-2021sample question paper along with the answer key
Download CBSE Class 12th Economics Sample Paper 2019-20
Download the year 2019-2020 sample question paper along with the answer key
Download CBSE Class 12th Economics Sample Paper 2018-19
Download the year 2018-2019 sample question paper along with the answer key
Download CBSE Class 12th Economics Sample Paper 2017-18
Download the year 2017-2018 sample question paper along with the answer key
Download CBSE Class 12th Economics Sample Paper 2016-17
Download the year 2016-2017 sample question paper along with the answer key
Download CBSE Class 12th Economics Sample Paper 2015-16
Download the year 2015-2016 sample question paper along with the answer key
Download the Previous Year question paper sets along with the answer key
How to study for CBSE Class 12th 2021 Economics Paper?
12 th standard is one of the most crucial stages in any student’s life. This is the phase where students make assertive decisions to unfold their dreams and ambition. The syllabus for 2021 provided here is updated and is aligned with CBSE pattern. With thorough focus and regular practise students can complete the syllabus on time. Till then students should keenly go through the entire syllabus and mark the deducted chapters in their NCERT books.
The students can also take help of other books for more practise on syllabus but we would suggest keeping NCERT books as the base is enough at this level.
Why Should You Consider NCERT Books for CBSE Class 12th Economics Paper?
National Council of Education Research and Training(NCERT) is an organisation established in 1961 with the single motive of improving education standard in India. Since then they have been supporting CBSE with any decision regarding studies. They also extend their support to state boards and international Boards.
NCERT is the authorised publishing house for CBSE curriculum. NCERT draft and publish primary, secondary and senior secondary textbooks, model textbooks, and even supplementary material. They also publish a newsletter and magazine to promote innovative learning methods and their views about current curriculum. If you are looking for educational kits or multimedia digital materials specifically for CBSE curriculum, then NCERT is the best publisher in India.
There are many popular books for class 12th Economics available in the market like TR Jain and morel. But after reviewing the12th last 10 year paper from all boards, we suggest that completing the entire syllabus of NCERT book is enough to score more than 90% marks in Economics.
NCERT books are well structured, clear and simple. They are also the most authentic copy of the entire updated study material.
As a pioneer educator for the last 14 years, we advise our students to only study from NCERT books.
Comment below if you want to.know more about CBSE class XII Economics Paper.