CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

CBSE Class 12 Commerce Economics Syllabus : The CBSE envisions a robust, vibrant and holistic school education that will engender excellence in every sphere of human endeavor. The Board is committed to provide quality education to promote intellectual, social and cultural vivacity among its learners. It works towards evolving a learning process and environment, which empowers the future citizens to become global leaders in the emerging knowledge society. The Board advocates Continuous and Comprehensive Evaluation with an emphasis on holistic development of learners. The Board commits itself to providing a stress-free learning environment that will develop competent, confident and enterprising citizens who will promote harmony and peace.

CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

CBSE Class 12 Commerce Economics Syllabus : The goal of the Academic, Training, Innovation and Research unit of Central Board of Secondary Education is to achieve academic excellence by conceptualizing policies and their operational planning to ensure balanced academic activities in the schools affiliated to the Board. The Unit strives to provide Scheme of Studies, curriculum, academic guidelines, textual material, support material, enrichment activities and capacity building programmed. The unit functions according to the broader objectives set in the National Curriculum Framework-2005 and in consonance with various policies and acts passed by the Government of India from time to time.

Some major objectives of the Unit are:

i. To define appropriate approaches of academic activities to provide stress free, child centered and holistic education to all children without compromising on quality
ii. To analyse and monitor the quality of academic activities by collecting the feedback from different stakeholders
iii. To develop norms for implementation of various academic activities including quality issues; to control and coordinate the implementation of various academic and training programmes of the Board; to organize academic activities and to supervise other agencies involved in the process
iv. To adapt and innovate methods to achieve academic excellence in conformity with psychological, pedagogical and social principles.
v. To encourage schools to document the progress of students in a teacher and student friendly way
vi. To propose plans to achieve quality benchmarks in school education consistent with the National goals
vii. To organize various capacity building and empowerment programmed to update the professional competency of teachers

Download Here CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes In PDF Format 

CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

CBSE Class 12 Commerce Economics Syllabus : CBSE is a renowned educational board of India and the board has been imparting quality education to students without making any compromise on quality. To assess students’ learning needs, the board arranges research and based on that, it prescribes each syllabus and suitable question papers. To meet its objectives, the board evaluates current demands and according to that, it implements appropriate syllabus that suits students’ merits, as well. CBSE Class 12 Commerce Economics syllabus for class 12 commerce is such a well-structured syllabus that fulfills students’ requirements in terms of knowledge. Class 12 is an important stage of everyone’s life and the final result of class 12 means a lot to students as their further studies depend on this final result. Hence, students should more conscious about their performance of class 12 final exam. The subjects included in the commerce stream of CBSE Class 12 Commerce Economics  are accountancy, business studies, economics, information practices and mathematics.

CBSE Class 12 Commerce Economics Syllabus :

Part A: Introductory Microeconomics

Unit 1: Introduction

Meaning of microeconomics and macroeconomics
What is an economy? Central problems of an economy : what, how and for whom to produce; concepts of production possibility frontier and opportunity cost.

Unit 2: Consumer Equilibrium and Demand

Consumer’s equilibrium – meaning of utility, marginal utility, law of diminishing marginal utility, conditions of consumer’s equilibrium using marginal utility analysis.
Indifference curve analysis of consumer’s equilibrium-the consumer’s budget (budget set and budget line), preferences of the consumer (indifference curve, indifference map) and conditions of consumer’s equilibrium.
Demand, market demand, determinants of demand, demand schedule, demand curve and its slope, movement along and shifts in the demand curve; price elasticity of demand – factors affecting price elasticity of demand; measurenment of price elasticity of demand – (a) percentage-change method and (b) geometric method (linear demand curve); relationship between price elasticity of demand and total expenditure.

Unit 3: Producer Behaviour and Supply

Production function – Short-Run and Long-Run
Total Product, Average Product and Marginal Product.
Returns to a Factor.
Cost and Revenue: Short run costs – total cost, total fixed cost, total variable cost; Average cost; Average fixed cost, average variable cost and marginal cost-meaning and their relationship.
Revenue – total, average and marginal revenue – meaning and their relationship.
Producer’s equilibrium-meaning and its conditions in terms of marginal revenue-marginal cost.
Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movements along and shifts in supply curve, price elasticity of supply; measurement of price elasticity of supply – (a) percentagechange method and (b) geometric method.

Unit 4: Forms of Market and Price Determination

Perfect competition – Features; Determination of market equilibrium and effects of shifts in demand and supply.

Other Market Forms – monopoly, monopolistic competition, oligopoly – their meaning and features.
Simple Applications of Demand and Supply: Price ceiling, price floor.

CBSE Class 12 Commerce Economics Syllabus :

Part B: Introductory Macroeconomics

Unit 5: National Income and related aggregates

Some basic concepts: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation.
Circular flow of income; 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; National Disposable Income (gross and net), Private Income, Personal Income and Personal Disposable Income; Real and Nominal GDP.
GDP and Welfare

Unit 6: Money and Banking

Money – its 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, Controller of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.

Unit 7: Determination of Income and Employment

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; measures to correct them – change in government spending, taxes and money supply.

Unit 8: 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 9: 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.

CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

CBSE Class 12 Commerce Economics Syllabus : CBSE class 12 Economics Syllabus also contains many projects and activities. These provide opportunities for the learners to explore various economic issues both from their day-to-day life and also from issues, which are broader and invisible in nature.

CBSE Class 12 Commerce Economics Syllabus :

OBJECTIVES

(1) DEVELOPMENT

•    Of Understanding some basic economic concepts.
•    Of Economic reasoning which the learners can apply in their day-to-day life as citizens, workers and consumers.
•    Of understanding that there can be more than one view on any economic issue

(2) PROVIDING

•    With necessary skills to argue logically with reasoning.
•    With basic tools of economics and statistics to analyse economic issues.

(3) MAKING STUDENTS REALISE

•    Their role in nation building and sensitivity to the economic issues that the nation is facing today.

CBSE Class 12 Commerce Economics Syllabus :

Detailed Syllabus (Click on the link for Study Materials)

CBSE Class 12 Commerce Economics Syllabus For 2017 -2018 Schemes

Cakart.in provides India’s top Class 12 Commerce  faculty video classes – online & in Pen Drive/ DVD – at very cost effective rates. Get Class 12 Commerce  Video classes from www.cakart.in  to do a great preparation for primary Student.