Extramarks School Banner

Syllabus and Exam Weightage for Class 12 Economics

The Economics syllabus for Class 12 CBSE consists of very important topics that are on par with the new pattern for CBSE Class 12 Economics. The CBSE class 12 Economics syllabus on Extramarks is kept up to date. The topics of CBSE 12th Economics syllabus are written by the top subject experts that understand the weightage of Economics Class 12 CBSE. Below is an introduction to the topics of the CBSE Class 12 Economics syllabus:

Introduction to Macroeconomics and its Concepts:
National Income and Related Aggregates
Aggregate Demand and Its Related Concepts
National Income Determination and Multiplier
Excess Demand and Deficient Demand
Government Budget and the Economy
Foreign Exchange Rate
Balance of Payment

Macroeconomics is the part of economic theory that studies the economy as a whole, including and especially, national income, aggregate employment, general price level, aggregate consumption, aggregate investment, etc. The core tools are net supply and demand. It is also referred to as the' theory of profits' or' theory of work.'
Macroeconomic structure: Macroeconomics is, as we know, concerned with economic problems at the level of an economy as a whole. Macroeconomics composition means analysis of different sectors of the economy. Depending on the nature of the research, an economy can be divided into different industries.
(A) The manufacturing sector involved in the production of goods and services;
(B) The private economy engaged in the consumption of goods and services;
Note: Households are treated as the owners of production factors.
(C) The government sector engaged in activities such as taxation and subsidies. 
(D) Rest of the export and import sector of the world.
(E) The financial sector (or financial system) engaged in borrowing and lending activities.
Circular revenue flow. It applies to the movement of currency, profits or the flow of goods and services in a circular manner through different sectors of the economy.
There are two types of Circular Flow: (a) Real / Product / Physical Flow (b) Money / Monetary / Nominal Flow 
(a) Real revenue flow implies the flow of factor services from the household sector to the producing sector and the corresponding flow of goods and services from the producing sector to the household sector.
Consider a simple economy containing only 2 sectors: 
Producers supply household goods and services.
Households (as the owners of input factors) provide the producers with output factors (or factor services).
(b)  Money flow applies to the movement of factor income, such as tax, interest, benefit, and wages from the manufacturing sector to the household sector as monetary rewards for their factor services.

Download App

Download Extramarks Learning Apps

Take your CBSE board preparation to another level with AI based and rich media animation on Extramarks - The Learning App.

Features of Learning App

  • Learn with studybot “Alex”
  • Personalized Learning journey
  • Unlimited doubt Solving
  • Quiz, challenge friends
  • Leaderboard Ranking
  • Academic Guru

Download App Download App