According to the commerce students, economics is the most difficult of all subjects. The examination comprises of 2 parts; part A and part B which carry equal marks as 50 each. Part A will feature questions from Introductory Microeconomics and part B will feature questions from Introductory Macroeconomics. Sample papers and syllabus are mentioned below.

Download CBSE 2010 Class Xll Economics Sample Papers
• Economics Sample Paper 1
• Economics Sample Paper 2
• Economics Sample Paper 3
• Economics Sample Paper 4
• Economics Sample Paper 5

Syllabus:

Part A: Introductory Microeconomics

Unit 1: Introduction 10 Periods
what is microeconomics? Central problems of an economy, production possibility curve and opportunity cost.

Unit 2: Consumer Behaviour and Demand 25 Periods
Consumer’s Equilibrium - meaning and attainment of equilibrium through Utility Approach: One and two commodity cases
Demand, market demand, determinants of demand, demand schedule, demand curve, movement along and shifts in demand curve, price elasticity of demand, measurement of price elasticity of demand - percentage, total expenditure and geometric method.

Unit 3: Producer Behaviour and Supply 37 Periods
Production function: Returns of a factor and Returns to scale
Supply, market supply, determinants of supply, supply schedule, supply curve movement along and shifts in supply curve, price elasticity of supply, measurement of price elasticity of supply – percentage and geometric method.
Cost and Revenue: Short run costs-Total cost, Total variable cost, Total Fixed cost; Average Fixed cost, Average Variable cost and Marginal cost-meaning and their relationship. Revenue total, average and marginal revenue- Producer’s equilibrium- Meaning and its conditions in terms of total cost and total revenue.

Unit 4: Forms of Market and Price Determination 20 Periods
Forms of market - Perfect competition, Monopoly, Monopolistic competition - their meaning and features.
Price determination under perfect competition - Equilibrium price, effects of shifts in demand and supply.

Unit 5: Simple applications of Tools of demand and
supply 12 Periods

Part B: Introductory Macroeconomics

Unit 6: National Income and related aggregates 30 Periods
Macroeconomics: Meaning.
Circular flow of income, concepts of GDP, GNP, NDP, NNP (at market price and factor
cost), National Disposable Income (gross and net); Private Income, Personal Income and Personal Disposable Income, Measurement of National Income - Value Added method, Income method and Expenditure method.

Unit 7: Determination of Income and Employment 25 Periods
Aggregate demand, Aggregate supply and their components.
Propensity to consume and propensity to save (average and marginal).
Meaning of involuntary unemployment and full employment.
Determination of income and employment: Two sector model
Concept of investment multiplier and its working
Problems of excess and deficient demand: Measures to correct excess and deficient demand - availability of credit, change in Government spending.

Unit 8: Money and Banking 18 Periods
Money - meaning, evolution and functions.
Central bank - meaning and functions.
Commercial banks - meaning and functions.

Unit 9: Government Budget and the Economy 17 Periods
Government budget - meaning and its components
Objectives of government budget
Classification of receipts - revenue and capital; classification of expenditure - revenue
and capital, plan and non-plan, and developmental and non-developmental.
Balanced budget, surplus budget and deficit budget: meaning and implications.
Revenue deficit, fiscal deficit and primary deficit: meaning and implications; measures to
contain different deficits.

Unit 10: Balance of Payments 14 Periods
Foreign exchange rate- meaning (Fixed and Flexible), merits and demerits; Determination through demand and supply
Balance of payments account - meaning and components