TERM WISE SYLLABUS

SESSION: 2019-20
CLASS-XII
SUBJECT:ECONOMICS
TERM CONTENTS
FIRST TERM PART A: Introductory Macroeconomics:

April 2019 to Unit-1: National Income and Related Aggregates:

September 2019 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 and Net
Domestic Product(GDP and NDP) at market price, at factor cost, Real and
Nominal GDP,
GDP and Welfare

Unit-2: Money and Banking:

Money- its 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, Government Bank, Banker’s Bank, Control of Credit through Bank Rate, CRR,
SLR, Repo Rate and Reverse Repo Rate, Open Market Operation, 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; balance of payments deficit-
meaning.
Foreign exchange rate-meaning of fixed and flexible rates and managed floating.
Determination of exchange rate in a free market.

PART B: INDIAN ECONOMIC DEVELOPMENT

Unit-6: Development Experience(1947-1950) and Economic Reforms since 1991:
A brief introduction of the state of Indian economy on the eve of independence.
Common goals of Five Year Plans.
Main features, problems and policies of agriculture (institutional aspects and new
agricultural strategy, etc), industry (industrial licensing, etc) and foreign trade.
 Economic Reforms since 1991:
Features and appraisals of liberalization, globalization and privatization (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;
Rural Development: Key issues-credit and marketing-role of cooperatives;
agricultural diversification; alternative farming-organic farming.
Human Capital Formation: How people become resource; Role of human capital in
economic development; Growth of Education Sector in India.

Second Term AUTUMN BREAK

October 2019 to Unit-3: Determination of Income and Employment:
November 2019
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; measure to correct them-changes
in Government spending, taxes and money supply.
Unit-7: Current challenges facing Indian Economy;
Employment: Formal and informal growth; problems and policies. Infrastructure:
Meaning and Types; Case Studies: Energy and 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: growth, population, sectoral development and other Human
Development Indicators.
Discussion on Project Work

December 2019 Revision of Macroeconomics and Indian Economic Development. Revision from
Support Material
PRE-BOARD EXAMS

January 2020 Submission of Project Work

Discussion of Pre-Board Question Papers and their model solution. Practice from latest
CBSE sample papers.

February 2020 Practice of exam-oriented questions frequently asked in board exams. Practice
from latest sample papers.

March 2020 Board Exams 2019-20

 ECONOMICS CLASS – XII (2019-20)

Theory: 80 Marks 3 Hours

Project: 20 Marks

Units Marks Periods

Part A Introductory Macroeconomics

National Income and Related Aggregates 10 28

Money and Banking 6 15

Determination of Income and Employment 12 27

Government Budget and the Economy 6 15

Balance of Payments 6 15

40 100

Part B Indian Economic Development

Development Experience (1947-90)
12 28
and Economic Reforms since 1991
Current Challenges facing Indian Economy 22 60
Development Experience of India – A Comparison
06 12
with Neighbours
Theory Paper (40+40 = 80 Marks) 40 100

Part C Project Work 20 20

 Suggested Question Paper
Design Economics
(Code No. 030)
Class XII (2019-20)
March 2020 Examination
Marks: 80 Duration: 3 hrs.
Objective Short Short Long Marks
SN Typology of Questions Type/ Answer I Answer Answer
MCQ 3 Marks II 6
1 4 Marks
Mark Marks
Remembering: Exhibit memory of
1 previously learned material by 5 1 2 1 22
recalling facts, terms, basic
concepts, and answers.
Understanding: Demonstrate
understanding of facts and ideas by
2 organizing, comparing, translating, 5 1 2 1 22
interpreting, giving
descriptions, and stating main ideas
Applying: Solve problems to new
3 situations by applying acquired 5 1 1 1 18
knowledge, facts, techniques and
rules in a different way.
Analysing and Evaluating:
Examine and break information
into parts by identifying motives or
causes. Make inferences and find
evidence to support
generalizations.

Present and defend opinions by

4 making judgments about 5 1 1 1 18
information, validity of ideas, or
quality of work based on a set of
criteria.

Creating: Compile information

together in a different way by
combining elements in a new pattern
or proposing alternative solutions.
Total 20x1=20 4x3=12 6x4=24 4x6=24 80 (34)

There will be Internal Choices in questions of 1 mark, 3 marks, 4 marks and 6

marks in both sections (A & B). In all, total 8 internal choices
Guidelines for Project Work in Economics (Class XII)
The objectives of the project work are to enable learners to:
 Probe deeper into theoretical concepts learnt in class 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
Total 20

Suggestive List of Projects:Class XII

 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 Components
 Trends in budgetary condition of India
 Exchange Rate determination – Methods and Techniques
 Currency War – reasons and repercussions
 Livestock – Backbone of Rural India
 Alternate fuel – types and importance
 Sarva 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 – Back to the Nature
 Any other newspaper article and its evaluation on basis of economic principles
 Any other topic