If you are class 12 student Economics is most crucial subject and you might be scared about the chapters covered in class 12 Economics Syllabus . If you want to score well in your Economics class 12 , it is essential to understand each concept and get best guidance to excel in Economics . Art of Learnings , the best Economics Coaching Institute in Delhi will help you to understand each topic of Economics class 12 .
In this blog Art of Learnings the best economics coaching in Delhi will guide you through Latest Economics class 12 Syllabus 2023-24.
Part A: Introductory Macroeconomics
What is macroeconomics ?
Macroeconomics is a branch of economics that deals with the study of the entire economy as a whole . It focus on overall performance and behavior of the economy instead of focusing on individual market .Macro economics consider factor that affect the entire country such as national income , final goods , capital goods , gross investment and depreciation , intermediate goods , inflation , deflation , unemployment .
Unit 1: National Income and Related Aggregates
In this unit, we dive into National Income and Related Aggregates
National Income and Related Aggregates is a fundamental concept in macroeconomics. With the guidance of Vivek Sir We’ll explore key indicators 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 Deflator, GDP and Welfare , Per capita income , disposal income .
At Art of Learnings Economics classes this concepts are taught by expertise like Vivek Sir and provide study material designed by him .
Unit 2: Money and Banking
Money is a medium of exchange that is widely accepted in transactions involving goods, services, Banking refers to the business activities of banks and financial institutions. Banks play a crucial role in the economy by providing various financial services.
This unit 2 introduces Central bank and its functions (example of the Reserve Bank of India): Bank of issue, In this Unit , with Art of Learnings Economics classes we will learn about some important topics Govt. Bank, Banker’s Bank, Control of Credit through Bank Rate, Cash Reserve Ratio
(CRR), Statutory Liquidity Ratio (SLR), Repo Rate and Reverse Repo Rate, Open
Market Operations, Margin requirement. Vivek Sir encourages students to share their thoughts at the end of the classes and take multiple revision tests .
This unit 3 introduces the factors influencing the determination of income and employment levels in an economy. This unit of class 12 economics delves into the components of aggregate demand, the behaviors of consumers and savers, the dynamics of short-run equilibrium output , and the measures to address imbalances in demand.
Problems of excess demand and deficient demand; measures to correct them – changes in government spending, taxes and money supply. The Meaning of full employment and involuntary unemployment.
At AOL Classes , Vivek Sir explains with various examples and his teaching method make each concept easy to understand and score well in exam .
Unit 4: Government Budget and the Economy
IN Unit 4 We’ll explore the meaning and purpose of a government budget it’s component and objective .With the guidance of Vivek Sir at At of Learnings ,the Top Economics Coaching Institute in Delhi.
We’ll also look into different types of receipts and expenditures, like regular income (revenue receipts) and money from borrowing or selling assets (capital receipts), as well as daily expenses (revenue expenditure) and long-term investments (capital expenditure).
Lastly, we’ll explore what it means to have a balanced budget, a surplus, or measure of government deficit in Art of Learnings Economic classes .
In this unit 5 , we will discuss on the Balance of Payments and Foreign Exchange, we’ll explore how countries keep track of their money when dealing with other nations.
We’ll start by understanding what the balance of payments is and what its components are We’ll also delve into the concepts of surplus and deficit in the balance of payments. We’ll dive into how exchange rates are determined in a free market exchange rates. Managed Floating exchange rate system .
At Art of Learnings Economics classes you will get in-depth Part A: Introductory Macroeconomics under the mentorship of Vivek Sir where every concepts are taught with real scenarios examples and in unique teaching techniques which makes economics class 12 syllabus interesting and easy to understand .
Part B: Indian Economic Development
This unit 6 provides a historical overview of India’s economy from independence to the early ’90s, highlighting Five Year Plans and early development strategies. It examines agriculture, industry (notably the 1956 Industrial Policy Resolution and Small Scale Industries), and foreign trade.
The second part focuses on post-1991 Economic Reforms, covering liberalization, globalization, and privatization (LPG policy). It explores the impact and assessments of these reforms. Demonetization and the Goods and Services Tax (GST) are discussed.
This unit introduces challenges in the Indian economy. Firstly, it explores role of Human Capital, explaining how people become valuable resources and the role of education in economic development, with a focus on the growth of the education sector in India.
Secondly, the unit delves into Rural Development, highlighting key issues like credit and marketing, the role of cooperatives, agricultural diversification, and the promotion of alternative farming methods, including organic farming.
it focuses on Employment, analyzing the growth and changes in the workforce participation rate in both formal and informal sectors. It addresses associated problems and discusses relevant policies.
This unit provides a overview of Sustainable Economic Development covering human capital, rural development, employment, including global warming .
In this unit, we’ll explore and compare with neighbors India and Pakistan ,India and China
At AOL Economic Tuition classes Vivek sir explains key issues such as economic growth, population dynamics, sectoral development, and various Human Development Indicators with case studies .
The Central Board of Secondary Education (CBSE) has designated 20 marks for a project, constituting a significant portion of the total score worth 100 marks. Students are tasked with creating a project file centered on a topic from the syllabus that aligns with their learning experience.
The primary goal behind integrating projects is to nurture students’ interpersonal and communication skills. Participating in a project not only facilitates learning but also serves as a platform for personal development and the exploration of diverse opportunities for growth.
At the Top Economics Coaching in Delhi we follow the guidelines provided in the CBSE Class 12 Economics Syllabus .This project serves as an opportunity to apply our knowledge and skills gained throughout the course to real-world economic scenarios, a deeper understanding of economic principles, develop interest in economics.
Art of Learnings Economics class goes beyond theoretical learning and encourages students to actively engage with real-world economic scenarios. At Art of Learnings students are encourage to develop the communication skills by giving various tasks and pushing them to learn new things which is not only important in Economics but also helpful in real life .
Attend Art of Learnings best economics coaching by subject expert Vivek sir with over 30 years of teaching experience. Vivek sir focuses on simple and clear explanations through mind mapping techniques , which makes Economics class 12 Syllabus the favorite subject for AOL students.
Resources Attached :
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