CHOITHRAM SCHOOL, MANIK BAGH, INDORE
ANNUAL CURRICULUM PLAN SESSION 2020-21
TARGET GROUP: CLASS XII
SUBJECT: ECONOMICS
Month & Theme/ Sub-theme
Working days
MARCH Unit 1 :Introduction
(Indian Eco.)
India on the eve of
independence
 The situation of
demographic, foreign
trade, agriculture,
industrial, infrastructure
on the eve of
independence.
Activities/
Learning Objectives Expected learning outcome
resources Assessment
Specific Behavioral
(content based) ( Application based)
1. To know the state of Critical thinking A ppt presentation Students will be able to : Questions
Economy on the Eve  Awareness towards with video will be  understand targeted exploitation will be
of Independence. exploitation of Human shown for better of all sectors of economy by given to the
2. To know the state of Resources during British understanding of the British government students for
Agricultural sector Rule. chapter  Students will be able to assessment
on the Eve of  Exploitation of resources understand the state of
Independence. during British Rule in agriculture, industry and
3. To know the state of India. international trade under the
Industrial sector on Economic Backwardness British rule
the Eve of and stagnant state of  Students will be able to
Independence. Indian Economy. understand the positive side-
4. To understand the  Empathy towards Indian effects of the British rule in
demographic people. India.
condition of people Low standard of living
under British Rule.
5. To understand
occupational
structure during the
British Rule.
6. To explain positive
impact of British
Rule in India
APRIL/21 Unit 7 :Current challenges 1. To define Poverty 1. Diversity Notes will be  Meaning and types of poverty Assessment
facing India 2. To understand the 2. Equity provided through  Causes and measure to remove will be done
 Poverty concept of Poverty. 3. Justice Google class room poverty through
3. To compare the poverty 4. Awareness towards the  PAP adopted by the government assignment
level with the cost of economic condition of and its critical assessment sheet
meeting basic needs in our country
their community. 5. Harmony
4. To brainstorm and learn 6. Compare the condition
more about possible of poverty in Urban and
solution to the poverty rural areas
5. To understand different
kinds of poverty.
6. To know the impact of
poverty on the economic
condition of our country.
7. To appreciate the way
poverty is estimated.
8. To appreciate and assess
exiting poverty
alleviation programmes.

 Human Capital 1. To define the meaning of 1. Diversity Notes will be  Source and role of human capital The hot will
Formation Human and Capital 2. Self direction provided through formation be solved
2. To understand the 3. Critical thinking Google Class room Importance and objective of education through
concept of Human 4. Awareness and health in human capital formation worksheet
Resource, Human Capital towards the through
Formation, Human strengthening of Human Google Doc
Development. Capital
3. To understand the link 5. Honesty
between Human Capital 6. commitment
Formation and Economic 7. Communication
Growth. Improved technology
4. To analyze the need for
government spending on
health and education
5. To critically evaluate the
 state of India’s educational
attainment.
6. To understand the
problems of Human Capital
Formation in India

 Environment and 1. To know 

the Critical thinking Notes along with  Significance of environment Students
sustainable meaning and Awareness towards the the worksheet will  Basic elements of environmental will be
development functions of Environmental crises like be provided degradation assessed
Environment Global warming etc.  State of environment of India through
2. To understand  Optimum utilization of Concepts of and Strategies for worksheet
different resources. sustainable development
Environmental  Contribution towards
crises- Global Economic Development
warming, Ozone  Awareness about
Depletion and Advanced Technologies
Overuse/misuse of and sustainable
Environmental development
resources.
3. To understand
India’s
Environmental
status.
4. To understand the
causes of
Environmental
degradation.
5. To explain the
causes or factors of
Environmental
degradation.
To know the features of
Sustainable Development.
 Infrastructure 1. To know the meaning  Critical thinking Notes along with  Understanding of different types of An Open
and types of  Awareness towards the the worksheet Infrastructure. Discussion
Infrastructure. Energy sources, power  Contribution of Infrastructure in on the topic
2. To understand the generation, health sectors development. and get the
importance of etc.  Understanding of state of suggestions
Infrastructural  Improved Standard of Infrastructure in India.
development. living.
3. To understand the state  Feeling of proud
of infrastructure in towards Nation.
India. Awareness about
4. To know about different Advanced Technologies
energy sources.
5. To understand different
energy sources.
6. To know about sources
of power generation.
7. To understand the
challenges in power
sector.
8. To know about health
infrastructure.
9. To understand Indian
system of medicine.
10. To explain
challenges in health
infrastructure.
 Employment: Growth, 1. To know the meaning of
Informalisation and Other the term Employment.
Issues. 2. To understand the growth
and Changing structure of
Employment.
3. To understand
Informalisation of
Workforce.
4. To know different types
of unemployment.
5. To explain the causes of
increasing unemployment
in India.
6. To know the effects of
unemployment in India.
To know about effects of
unemployment in India
 Critical thinking  Understanding about different Work sheet
 Awareness towards the types of employment and will be
different types of unemployment provided
Unemployment.  Casualisation and informalisation
 Optimum utilization of of workforce
resources.  Understanding of economic and
 Contribution towards social consequences of
Economic Development unemployment
 Relate unemployment Suggestions and government policies
with low standard of and programs to solve the problem of
living. unemployment
 Compare formal and
informal sectors.
 Importance of work to
earn a living.
 Enables to contribute to
National income.
Social responsibility

JUNE/17 Rural development 1. To know the  Critical thinking Discussion on A  Students will be able to understand Through the
challenges or key  Awareness towards documentary movie the challenges of Rural documentary
issues for rural Rural people and their will be done in the Development. the students
development. work. class Understanding of the measures will be
2. To understand the  Optimum utilization of adopted by the Government to asked to
different sources of resources. improve Marketing system. identify the
rural credit.  Contribution towards problems
3. To understand Economic Development. and the
Agricultural  Compare formal and solution for
Marketing System. informal sectors. the same
4. To explain the  Enables to contribute will be
causes of to National income. discussed in
diversification of the class
 Social responsibility.
Agriculture in India.
 Eco-friendly products
5. To know the benefits
and technology
of Organic farming.
To understand the
 challenges of Organic
farming
Development Experience: 1. To know Indian  Critical thinking PPT will be shared  Students will be able to Open
Common goals of Five Economic System.  Awareness towards with the students understand the need of economic discussion
Year Plans 2. To know the goals Indian Economic planning. based on-
of Five Years plan. System. Students will be able to understand HOTS will
3. To understand the  Importance of the achievement and failures of be given to
achievements of goals of Freedom. planning the students
five year plans.  Equality through
4. To understand the state of  Justice worksheet
Agriculture and Industry  Development of the
from 1950-1990. Nation.

Economic Reforms Since 1. To understand the 1. Diversity ABP news  Students will be able to understand Worksheet
1991 background of the 2. Self direction channel’s the background of reform of will be
reform policies 3. Critical thinking documentary will be economic policy given to the
introduced in India in 4. Awareness towards the shown and  Students will be able to understand students
1991. economic condition of discussion will be the need and features of
2. To understand the our country done in the class Libralisation ,privatization, and
mechanism through 5. Sustainable globalization
which reform policies development  Students will be able to compare
were introduced. 6. Communication the positive and negative impact
3. To comprehend the 7. Improved technology
process of and Infrastructure
Globalisation and its 8. Awareness of the
implications for India impact of reform
4. To understand the process in various
concept of Sustainable sectors.
Development
5. To analyse the impact
of reforms on various
sectors of the economy.
6. Concept of
demonetisation and
GST
JULY/26 Government Budget and The students will learn the
the Economy Components of government
budget, Revenue & capital
account, measures of
government deficit,
Money and Banking The students will learn the
concept of Functions of
money, Demand for money,
it’s transaction &
speculative motive
1. Decision making The students will be 1. The Components of government Assignment
skill asked to list the budget, Revenue & capital account, will given to
2. Understand the names of taxes their measures of government deficit the students
economic family members 2. Changes in government
conditions. have paid recently. expenditure, changes in taxes &
3. Inculcate Record them and debt.
economic values. group them like 3. Types of budgets and their
4. Critical thinking property tax, sales components.
skill. tax, income tax etc. 4. How to find out the fiscal deficit,
5. Futuristic Students will primary deficits and also come to
approach. research and think understand the government
6. Concern for analytically on the planning on budget.
society Discipline following questions:
7. Positive Attitude. What does our
8. Problem solving government spend
skill money on?
9. Impact of taxes on The students are
economic growth supposed to create a
10. Importance of list of revenue and
budget planning. spending .
11. Analytical skill What political
forces prevent
change? Students
will write a one
page reflection on
the challenges of
balancing
government budget.
1. Decision making skill Art Integration  Acquire and demonstrate analytical Worksheet
2. Understanding of Students will and problem solving skills within will be
financial institutions prepare a project money, banking, and financial provided
3. Understand the showing the market disciplines. including
economic conditions. working of banking  Assess how monetary activities hots as
4. Acquire and system in the affect an economy. home
demonstrate analytical economy  The structure of financial markets, assignment
 The students will
understand supply of
money, legal definitions,
Narrow & broad money,
creation of credit by banks
system, instruments of
monitory policy & RBI
AUGUST/20 Balance of Payment The students will learn
Determination of exchange
rate, flexible exchange rates,
fixed exchange rates
,managed floating,
Exchange rate management
the international experience
The students will
and problem solving the factors that shape them, and
skills within money, Students will how they are regulated.
banking, and financial prepare a report on  The nature and functions of money.
market disciplines. the RBI Governor’s  Assess the responses of the
5. Inculcate economic speech during the economy to both monetary and
values. lockdown period fiscal policy.
6. Critical thinking skill.  Basic purposes of the monetary and
7. Futuristic approach financial systems.
8. Concern for society  The roles of banks and other
Discipline financial intermediaries.
9. Awareness  Analyze how the RBI affects the
economy.
 Identify how money circulates by
commercial banks and creates
money
 Discuss how one party to the
transaction can make a decision at a
later time that will affect
subsequent transfers of money.
 The information about the future
can reduce the uncertainty
associated with future monetary
value
 Assess how a financial crisis
happens and how RBI should
respond.
At the time of inflation and deflation
how the RBI applies their instruments.
1. Decision making skill 1. The students will understand Verbal
2. Relate the topic with the balance of payment,, BOP assessment
real world examples. surplus & Deficit, The foreign by asking
3. Understand the exchange market. questions
economic conditions. 2. Determination of exchange
4. Inculcate economic rate, flexible exchange rates, fixed
values. exchange rates, managed floating,
5. Critical thinking skill. Exchange rate management and

SEPTEMBER/24
National Income and
Related Aggregates 28
Periods
 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
understand the balance of
payment,, BOP surplus &
Deficit, The foreign
exchange market,
introduction.
The students will
understand National income
identity for an open
economy, Equilibrium
output & trade balance
The Students will learn,
Introduction, Meaning of
circular flow, stock &flow,
types of circular flow,
circular flow in a simple
economy.
Domestic territory, normal
residents, factor & transfer
income, final &
intermediate goods,
consumption & capital
goods, gross & net
investment, depreciation,
NIT & NFIA
Introduction, Basic
aggregates of National
income
(GDP,NDP,GNP,NNP at
FC and MP)
Introduction
The Students will learn
6. Futuristic approach learn the international experience.
7. Understanding of other 3. They will learn that how the
economies exchange rate are decided in the in
8. Behavior of the international market, role of
International market demand and supply.
Students learn to search Role of RBI in international exchange
information through market.
various
1. Decision making  Text pages of 1. The Students will learn, Similar
skill NCERT &Notes. Introduction, Meaning of questions as
2. Relate the topic Blackboard and circular flow, stock &flow, solved in
with real world Lecture Method types of circular flow, circular class will be
examples.  Students flow in a simple economy. given as
3. Understand the will be asked to 2. Domestic territory, normal home
economic check Economic residents, factor & transfer assignmentj
conditions. Survey of India and income, final & intermediate
4. Inculcate find out which goods, consumption & capital
economic values. method is adopted goods, gross & net investment,
5. Optimum for calculation of NI depreciation, NIT & NFIA
utilization of in India. 3. Basic Items which are to be
resources  Students included in this method & will
6. Critical thinking will prepare be able to calculate National
skill. a flow chart Income by Value Added
7. Futuristic on the flow Methods income method and
approach of money expenditure method.
8. Understanding supply 4. Reconciliation of three
9. Concern for  Flow chart methods, treatment of different
society Discipline on various items in national income &
10. Positive Attitude. methods of domestic income,
calculation nominal & real GDP
of income
 (GNP), Net National basic, Items which are to be
Product (NNP), Gross and included in this method &
Net Domestic will be able to calculate
Product (GDP and NDP) - National Income by Value
at market price, at factor Added Method, Income
cost; Real and Nominal Method and Expenditure
GDP. Method
GDP and Welfare

OCTOBER/22 Determination of Income 1. Decision making Text pages of  Understand the concept of AD Similar
and Employment :AD AS The students will skill NCERT & Notes and AS. questions as
understand the concept of 2. Understand the Labor demand and  Concept of Equilibrium output solved in
Ex – ante & Ex – post, economic supply will be in economy. class will be
movement along a curve & conditions. discussed with the  Understanding of essential given as
shift of a curve, short run 3. Inculcate students. concepts of Full Employment home
fixed analysis of the product economic values. Participants will and Underemployment assignment
market. A point on 4. Optimum prepare a discussion Equilibrium.
aggregate demand curve, utilization of of derived demand Analyse Problems of Deficient and
aggregate supply, inflation, resources for and supply of Excess demand and measures to
deflation, their impact on 5. Critical thinking labor correct them.
different groups, Effects of skill. The demand side
an autonomous change on 6. Futuristic discussion will
equilibrium demand in the approach explain why profit
product market, meaning& 7. Concern for maximizing
multiplier mechanism. society Discipline employers will not
8. Problem solving offer more than the
skill value of workers
marginal product.
The supply side
discussion should
highlight the
opportunity cost the
worker faces when
considering whether
to accept the wage
offer.
NOVEMBER/20 AD AS continue

Revision

DECEMBER/20 