XII - ECONOMICS(030)

Syllabus Bifurcatio 2022-23

Uoitwise Marks Allicatio

PART-A INTRODUCTORY MACROECONOMICS
1 Natioal Iociee ao+ its relate+ aggregate 10
2 Mioey ao+ Baokiog 6
3 Aggregate Deeao+ ao+ Aggregate Supply 12
4 Giveroeeot Bu+get 6
6 Balaoce if Payeeot ao+ Fireigo Exchaoge 6
PART- B INDIAN ECONOMIC DEVELOPMENT
6 DEVELOPMENT EXPERIENCE (1947-1990) ao+ 12
ECONOMIC REFORMS Sioce 1991
7 CURRENT CHALLENGES FACING INDIAN ECONOMY 22
8 DEVLOPMENT EXPERIENCE Of INDIA- A COMPARISION 6
WITH NEIGHBOURS

M ONTH WISE SYLLABUS

Mioth Uoits

April– 2022 Part A: Introductory Macroeconomics

Unit 1: National Income and Related Aggregates
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

May – 2022 Part B: Indian Economic Development

Unit 6: Development Experience (1947-90) and Economic
Reforms since 1991:
A brief introduction of the state of Indian economy on the eve of
independence.
Indian economic system and common goals of Five Year Plans.

Main features, problems and policies of agriculture (institutional

aspects and new agricultural strategy), industry (IPR 1956; SSI –
role & importance) and foreign trade.
July – 2022 PWT-1 PART- A INTRODUCTORY MACROECONOMICS
National Income and its related ggregates
 Part B: Indian Economic Development
Unit 6: Development Experience (1947-90)

Economic Reforms since 1991:

July - 2022 Features and appraisals of liberalisation, globalisation and
privatisation (LPG policy); Concepts of demonetization and GST
PART A INTRODUCTORY MACROECONOMICS
Unit 2: Money and Banking
Money – meaning and functions, 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, Govt. Bank, Banker's Bank, Control of Credit
through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo
Rate, Open Market Operations, Margin requirement.
August – 2022 Part B: Indian Economic Development
Uoit 7: Curreot challeoges faciog Io+iao Ecioiey

Human Capital Formatonn How people become resource; Role of

human capital in economic development; Growth of Educaton
Sector in India

Rural developmentn Key issues - credit and marketnn - role of

cooperatves; anricultural diversifcaton; alternatve farminn -
ornanic farminn

Employmentn Growth and channes in work force partcipaton rate

in formal and informal sectors; problems and policies

Sustainable Economic Developmentn Meaninn, Efects of Economic

Development on Resources and Environment, includinn nlobal
warminn

Septeeber-2022 PWT-2 / HALF YEARLY EXAMINATION( Uoit 1,2 io PART- A ao+ Uoit 6,7 io
HALF YEARLY EXAM PART- B )

Septeeber – 2022 PART A INTRODUCTORY MACROECONOMICS

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. Balanced, Surplus and Deficit Budget – measures of
government deficit.

Octiber – 2022 PART A INTRODUCTORY MACROECONOMICS

Unit 3n Determinaton of Income and Employment

 Annrenate demand and its components.

Propensity to consume and propensity to save (averane and

marninal).

Short-run equilibrium output; investment multplier and its

mechanism.

Meaninn of full employment and involuntary unemployment.

Problems of excess demand and defcient demand; measures to

correct them - channes in novernment spendinn, taxes and supply.

Niveeber – 2022 Part B: Indian Economic Development

Unit 8n Development Experience of Indian

A comparison with neinhbours

India and Pakistan

India and China

Issuesn economic nrowth, populaton, sectoral development and

other Human Development Indicators

PART A INTRODUCTORY MACROECONOMICS

Unit 5n Balance of Payments

Balance of payments account - meaninn and components;

Balance of payments – Surplus and Defcit

Foreinn exchanne rate - meaninn of fxed and fexible rates and

mananed foatnn.

Determinaton of exchanne rate in a free market, Merits and

demerits of fexible and fxed exchanne rate.

Mananed Floatnn exchanne rate system

Deceeber – 2022 Revisiio PRE BOARD EXAMINATION(FULL SYLLABUS).