CBSE  Class 12 Economics Syllabus

CBSE Syllabus For Class 12 Economics 2020 (Revised) | Download New Syllabus PDF

CBSE  Class 12 Economics Syllabus

Revised CBSE Class 12 Economics Syllabus 2020-21: CBSE NCERT Class 12 Economics lets you know about the present economy and the effects it’s creating. It also covers better plans and policies that can stable different kind of economy that is creating a problem and solution to grow the economy.

HRD Minister Ramesh Nishank announced a major CBSE syllabus reduction with 30% of the syllabus slashed for the year 2020-21 on July 7 which was soon followed by an official notification by CBSE on the same.

To boost your Economics Board Exam Preparation, here we are providing a complete guide on Revised CBSE Class 12 Economics Syllabus 2020-21. You can easily check the Class 12 Economics syllabus and download PDF from the article below.

CBSE Class 12 Economics Syllabus 2020-21 (New)

In CBSE 12 Economics, you will also learn about the economy of any nation or company decides the rise and fall of that nation or organization which eventually affect the citizen of the country or the people of that particular organization. Economics is an important subject for CBSE Commerce Stream. It is an essential subject for those students who want to pursue Graduation, Master’s Degree, or Research in Economics.

You should have a depth concept in Class 12 Economics to score better marks in the CBSE 12th Board exam.

You should have a depth concept on Class 11 and Class 12 Economics to score better marks in the various entrance exam. With a better concept on the latest syllabus, you can secure good marks.

You already know CBSE updates its syllabus almost every year to provide the students the updated syllabus with modern time.  Here you can check CBSE new syllabus for Class 12 Economics and NCERT Textbook based on the latest syllabus. 

Secure Higher Grades and Chase Your Dream

Revised CBSE Class 12 Economics Syllabus 2020-21

Chapter-wise CBSE Class 12 Economics Syllabus 2020-21 is given below. It is classified into two categories.

  • Microeconomics,
  • Macroeconomics.

CBSE Class 12 Economics Syllabus 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.

CBSE Class 12 Economics Syllabus 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

CBSE Class 12 Economics Syllabus Part C: Project in Economics

Prescribed Books:

Note: The above publications are also available in Hindi Medium.

Suggested Question Paper Design
Economics (Code No. 030)
Class XII (2020-21)
March 2021 Examination

Marks: 80

Duration: 3 hrs.

SN  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. Analysing, 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, 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%
Total  80  100%

Guidelines for Project Work in Economics (Class XI and XII)
The objectives of the project work are to enable learners to:

  • probe deeper into theoretical concepts learnt in classes XI and XII
  • analyse and evaluate real world economic scenarios using theoretical constructs and arguments
  • demonstrate the learning of economic theory
  • follow up aspects of economics in which learners have interest
  • develop the communication skills to argue logically

The expectations of the project work are that:

  • learners will complete only ONE project in each academic session
  • project should be of 3,500-4,000 words (excluding diagrams & graphs), preferably hand-written
  • it will be an independent, self-directed piece of study

Role of the teacher:
The teacher plays a critical role in developing thinking skills of the learners. A teacher should:

  • help each learner select the topic based on recently published extracts from the news media, government policies, RBI bulletin, NITI Aayog reports, IMF/World Bank reports etc., after detailed discussions and deliberations of the topic
  • play the role of a facilitator and supervisor to monitor the project work of the learner through periodic discussions
  • guide the research work in terms of sources for the relevant data
  • educate learner about plagiarism and the importance of quoting the source of the information to ensure authenticity of research work
  • prepare the learner for the presentation of the project work
  • arrange a presentation of the project file

Scope of the project
Learners may work upon the following lines as a suggested flow chart:

Choose a title/topic
Collection of the research material/data
Organization of material/data
Present material/data
Analysing the material/data for conclusion
Draw the relevant conclusion
Presentation of the Project Work

Expected Checklist:

  • Introduction of topic/title
  • Identifying the causes, consequences and/or remedies
  • Various stakeholders and effect on each of them
  • Advantages and disadvantages of situations or issues identified
  • Short-term and long-term implications of economic strategies suggested in the course of research
  • Validity, reliability, appropriateness and relevance of data used for research work and for presentation in the project file
  • Presentation and writing that is succinct and coherent in project file
  • Citation of the materials referred to, in the file in footnotes, resources section, bibliography etc.

Mode of presentation/submission of the Project:

At the end of the stipulated term, each learner will present the research work in the Project File to the External and Internal examiner. The questions should be asked from the Research Work/ Project File of the learner. The Internal Examiner should ensure that the study submitted by the learner is his/her own original work. In case of any doubt, authenticity should be checked and verified.

Marking Scheme :
Marks are suggested to be given as –

S. No.  Heading Marks Allotted 
1. Relevance of the topic  3
2. Knowledge Content/Research Work 6
3. Presentation Technique 3
4. Viva-voce  8
5. Total  20 Marks

Suggestive List of Projects for Class 12

  • Micro and Small Scale Industries x Food Supply Channel in India
  • Contemporary Employment situation in India x Disinvestment policy of the government
  • Goods and Services Tax Act and its Impact on GDP
  • Health Expenditure (of any state)
  • Human Development Index x Inclusive Growth Strategy
  • Self-help group x Trends in Credit availability in India
  • Monetary policy committee and its functions x Role of RBI in Control of Credit
  • Government Budget & its Components x Trends in budgetary condition of India
  • Exchange Rate determination – Methods and Techniques
  • Currency War – reasons and repercussions
  • Livestock – Backbone of Rural India x Alternate fuel – types and importance
  • Sarwa Siksha Abhiyan – Cost Ratio Benefits x Golden Quadrilateral- Cost ratio benefit
  • Minimum Support Prices x 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 x Rain Water Harvesting – a solution to water crises
  • Vertical Farming – an alternate way x Silk Route- Revival of the past
  • Make in India – The way ahead x Bumper Production- Boon or Bane for the farmer
  • Rise of Concrete Jungle- Trend Analysis x Organic Farming – Back to the Nature
  • Any other newspaper article and its evaluation on basis of economic principles
  • Any other topic

Deleted CBSE Class 12 Economics Syllabus 2020-21

Here you can check and download the deleted 12th Economics Syllabus 2020-21.

CBSE Class 12 Economics Syllabus Part A: Introductory Macroeconomics


Topics Deleted

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.

CBSE Class 12 Economics Syllabus Part B: Indian Economic Development


Topics Deleted

Unit 7: Current challenges facing Indian Economy

Growth of Education Sector in India alternative farming – organic farming

Infrastructure: Energy

CBSE Class 12 Economics Exam Pattern 2020-21

  • Theoretical Paper: 80 marks
  • Practical/ Project Work: 20 Marks

CBSE 12th  Economics Exam Pattern 2020-21

Units   Marks
Part A Introductory Microeconomics 40
  Introduction 4
  Consumer’s Equilibrium and Demand 13
  Producer Behaviour and Supply 13
  Forms of Market and Price Determination 10
Part B Introductory Macroeconomics 40
  National Income and Related Aggregates 10
  Money and Banking 6
  Determination of Income and Employment 12
  Government Budget and the Economy 6
  Balance of Payments 6
Part C Project Work 20
  Total 100

Class 12 Economics Question Paper Structure:

Time Duration

3 Hours

Maximum Marks

80 marks

Total No. of Questions


Type of Questions

MCQ Type Questions – 1 mark

Short Answer I – 3 marks

Short Answer II – 4 marks

Long Answer – 6 marks

CBSE NCERT Textbook For Class 12 Economics 2020-21 PDF

Here you can download Chapter-wise NCERT Textbook for CBSE Class 12 Economics for Hindi and English Medium.

Download Chapter-Wise Class 12 NCERT Textbooks PDF for Economics For English Medium

Here we are providing the chapter-wise NCERT Class 12 Economics Textbooks PDF. You can read online or download it easily.

Download Chapter-Wise Class 12 NCERT Textbooks PDF for Economics For Hindi Medium

Here we are providing the chapter-wise NCERT Class 12 Economics Textbooks PDF. You can read online or download it easily.

We have covered the detailed guide on Revised CBSE Class 12 Economics Syllabus 2020-21. Feel free to ask any questions related to CBSE Class 12 Economics in the comment section below.


Leave a Comment