CBSE CLASS 12 ECONOMICS TERM-2 SYLLABUS 2021-2022

CBSE CLASS XII

ECONOMICS (Code No. 030)

(2021-22)

TERM-II




Economics is one of the social sciences, which has a great influence on every human being. As economic life and the economy go through changes, the need to ground education in children’s own experience becomes essential. While doing so, it is imperative to provide them opportunities to acquire analytical skills to observe and understand the economic realities.

At senior secondary stage, the learners are in a position to understand abstract ideas, exercise the power of thinking and to develop their own perception. It is at this stage, the learners are exposed to the rigour of the discipline of economics in a systematic way.

The economics courses are introduced in such a way that in the initial stage, the learners are introduced to the economic realities that the nation is facing today along with some basic statistical tools to understand these broader economic realities. In the later stage, the learners are introduced to economics as a theory of abstraction.

The economics courses also contain many projects and activities. These will provide opportunities for the learners to explore various economic issues both from their day-to-day life and also from issues, which are broader and invisible in nature. The academic skills that they learn in these courses would help to develop the projects and activities. The syllabus is also expected to provide opportunities to use information and communication technologies to facilitate their learning process.

Objectives:

  • Understanding of some basic economic concepts and development of economic reasoning which the learners can apply in their day-to-day life as citizens, workers and consumers.
  • The realisation of learners’ role in nation-building and sensitivity to the economic issues that the nation is facing
  • Equipment with basic tools of economics and statistics to analyse economic issues. This is pertinent for even those who may not pursue this course beyond senior secondary
  • Development of understanding that there can be more than one view on any economic issue and necessary skills to argue logically.



TERM 2 – SUBJECTIVE QUESTION PAPER

Theory: 40 Marks                                                       Time: 2 Hours

Marks Periods
Part A: Introductory Macroeconomics
▪          National Income and Related Aggregates 10 23
▪          Determination of Income and Employment 12 22
Sub Total 22 45
Part B: Indian Economic Development
▪          Current challenges facing Indian Economy

●         Employment

●         Infrastructure

●         Sustainable Economic Development

12 18
▪          Development Experience of India – A Comparison with Neighbours-

●          Comparative Development Experience of India and its Neighbours

06 12
Sub Total 18 30
Total 40 75
Project Work:  10

 

CHAPTER WISE



Part A: Introductory Macroeconomics

Unit 1: National Income and Related Aggregates                                                                   23 Periods

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 3: Determination of Income and Employment                                                        22 Periods

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 the – changes in government spending, taxes and money supply through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.



Part B: Indian Economic Development

Unit 7: Current challenges facing Indian Economy                                                       18 Periods

Employment: Growth and changes in workforce 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:                                                                     12 Periods

A comparison with neighbours India and Pakistan

India and China

Issues: economic growth, population, sectoral development and other Human Development Indicators.

 

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