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    Economic Syllzclass 12 E-WPS Office

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    Srj
    Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation

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    Economic Syllzclass 12 E-WPS Office

    Uploaded by

    Srj
    103 views11 pages
    Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation

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    economic syllzClass 12 E-WPS Office

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    Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    103 views11 pages

    Economic Syllzclass 12 E-WPS Office

    Uploaded by

    Srj
    Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
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    CBSE Class 12 Economics Syllabus

    Marks

    Periods

    Part A

    Introductory Macroeconomics

    National Income and Related Aggregates

    10

    23
    Money and Banking

    Determination of Income and Employment

    12

    22

    Government Budget and the Economy

    15
    Balance of Payments

    40

    75

    Part B
    Indian Economic Development

    Development Experience (1947-90)

    and Economic Reforms since 1991

    12

    28

    Current Challenges facing Indian Economy


    22

    35

    Development Experience of India – A Comparison with

    Neighbours

    06

    12

    Theory Paper (40+40 = 80 Marks)

    40

    75
    Part C

    Project Work

    20

    15

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    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.

    Central bank and its functions (example of the Reserve Bank of India): Bank of issue, Govt. Bank,
    Banker's Bank, Control of Credit.

    Unit 3: Determination of Income and Employment

    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 through Bank Rate, CRR, SLR, Repo Rate and Reverse
    Repo Rate, Open Market Operations, Margin requirement.

    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;

    Foreign exchange rate - meaning of fixed and flexible rates and managed floating.

    Part B: Indian Economic Development

    Unit 6: Development Experience (1947-90) and Economic Reforms since 1991:

    A brief introduction of the state of 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 liberalisation, globalisation and privatisation (LPG policy); Concepts of
    demonetization and GST

    Unit 7: Current challenges facing Indian Economy

    Poverty- absolute and relative; Main programmes 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 - role of cooperatives; agricultural
    diversification;

    Employment: Growth and changes in work force 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 neighbours

    India and Pakistan

    India and China

    Issues: economic growth, population, sectoral development and other Human

    Development Indicators
    Part C: Project in Economics (Available in PDF)

    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

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