Students who want to pursue a career in Economics should be proficient in the subject. As a result, the NCERT Economics book for Class 12 serves as a foundation for pupils. Indian Economic Development and Macroeconomics are the two portions of the NCERT Books for Class 12 Economics. These books cover the whole CBSE Class 12 Economics subject.
Economics NCERT Books for Class 12 can be used to prepare for both external and internal examinations. The textbook is based on the most recent Board-approved syllabus.
NCERT Books for Class 12 Economics are useful for both external and internal examination preparation. If students in Class 12 want to do well on the Economics exam, this is an excellent resource.
The Economics syllabus for Class 12 is divided into two sections. Introductory Macroeconomics is covered in the first section, while Indian Economic Development is covered in the second. Furthermore, these two parts contain several crucial issues that students must fully comprehend.
Chapters in Macroeconomics
- National Income and Related Aggregates
- Determination of Income and Employment
- Money and Banking
- Government Budget and the Economy
- Balance of Payments
Indian Economic Development includes:
- Development Experience of India – A comparison with Neighbours
- Development Experience from 1947 to 1990 and Economic Reforms since 1991
- Present Challenges facing Indian Economy
Microeconomics and Macroeconomics are the two portions of the Economics syllabus for Class 12. Individuals and their economic problems are addressed in the first section, while large-scale economic factors such as government and national productivity are addressed in the second. Macroeconomics is the most important chapter in Economics two. This topic examines an economy’s decision-making, structure, behaviour, and overall performance.
Marks distribution in Economics
|National Income and Related Aggregates||12|
|Money and Banking||6|
|Determination of Income and Employment||10|
|Government Budget and Economy||6|
|Balance of Payments||6|
|Development Experience from 1947 to 1990 and Economic Reforms since 1991||12|
|Current challenges facing the Indian Economy||22|
|Development Experience of India||6|
Theory – 80 marks
Practical – 20 marks
Why is the NCERT Economics book important for preparation?
Economics itself is a broad concept that students must learn for overall development and academic excellence. Having Class 12 Economics NCERT helps students in multiple ways.
- Cover a Wide Range of topics: Because NCERT Economics Class 12 covers a wide range of topics in a systematic manner throughout the chapters, there is more opportunity for exposure. Students can have a better understanding of a variety of relevant issues that are vital from a broad perspective.
- Deep understanding: After conducting extensive research, qualified and respected authors develop the contents of the Economics 12th NCERT book. As a result, pupils can properly understand the notion because the knowledge is provided impartially.
- Easy language: When beginning a new subject, this is one of the most typical books that teachers recommend to students. The reason for this is due to the language’s simplicity. The main ideas are described in a simplified manner in the 12th NCERT Economics book, which helps students grasp them. It aids students in reinforcing their fundamental concepts so that they can delve deeper into the field of Economics.
- Professional touch in language: These books are prepared in a simple but clear manner so that students may grasp the idea quickly while also becoming familiar with the language. It eventually aids in the enhancement of students’ communication abilities.
- Crucial exercise Questions: The NCERT Economics books for Class 12th offer a variety of questionnaires at the end of each exercise, ranging from theoretical to numerical. In addition, the book includes in-exercise questions for students to learn how to answer. It improves their critical thinking skills and allows them to practice difficult questions right away, which is beneficial for exams.
How to prepare for this subject?
To grasp economic terms, it is critical to take detailed notes, attend lectures, and expand your economic vocabulary. Students can use a few pointers to master the Economics syllabus for Class 12 CBSE and excel in the exam.
- Cramming a topic like economics is difficult. As a result, it is good if you take notes, attend lectures, and actively study to improve your economic vocabulary by learning the definitions and meanings of various economic terms, as well as participating in a conversation to determine whether or not something makes sense.
- Before attending a class, attempt to skim over the chapter to get a sense of the subjects that will be covered.
- Move on to the next topic. Read a book on microeconomics, for example, and then move on to another book to learn more about microeconomics. Then go on to a macroeconomics textbook. You will not be studying disjointed stuff this way.
- Try to figure out what a particular situation requires. Discuss the information required to respond to it. Know what you’re searching for, where to seek it, and other criteria that will help you get the best result.
- Consider what you’ve read and ask yourself some questions.
- Make an effort to understand the various economic models. Look for the model figures and read the captions. If you’re having trouble grasping the concept, look for the section of the text that explains the model using an example.
- Make sure you know what the terms in bold mean. The majority of these phrases will come back again and again during the course.
You can score well in the economics exam by following these small tips: –
- Create graphs wherever they are needed.
- Select the questions with internal choices that you want to attempt, then create skeletons for the responses you’ll write for these questions.
- Stick to a pattern. If you start with long response questions, for example, finish that area first and then move on to the short or very short answer section.
- To make your answer more visible, highlight the main elements and write it in points.
- Use the first 15 minutes of the exam to scan the paper before beginning the exam. Before getting into writing the answers, read the question paper completely.