Class 12 Economics syllabus | Courses after 12th, best colleges… and more
Economics for class 12: Economics is the study of goods and services, and how they are produced, distributed, and consumed in an economy. The class 12 economics syllabus consists of two main branches of Economics, Microeconomics, and Macroeconomics. The class 12 economics syllabus is very diverse and also has the advanced scope and opportunity for a career in economics after 12th.
The CUET is the gateway to admissions in 100+ universities across the country and this has spiced up the entire UG admission scenario. In 2022, approximately 15 lakh students took the test and contested for a little over 2 lakh seats. To get admission to one of the top universities/colleges with any economics courses after 12th of your choice, you need to prepare really well. The subject has already lured many students because of its diverse field of study and variety of options for economics courses after 12th. The competition for admission is going to be really tough. Doing self-study is a good thing, but relying solely on it might not guarantee you a seat in one of the best colleges for economics in the country.
Read the article till the end and be well informed about all the details like Class 12 economics syllabus, Economics courses after 12th, Best colleges for economics, Career in economics after 12th, Economics coaching near me, etc.
Free Download Detailed class 12th Economics Syllabus
Table of Contents
Class 12 economics syllabus
Going through the class 12 economics syllabus is very important. Without this, you won’t be able to chart out a proper plan to prepare the subject effectively. Without proper planning, any preparation might go off track. Explore various economics coaching programs that suit you and invest all your efforts in the right direction. Give your best to score well, and then only you can enroll in various choice-based economics courses after the 12th.
The class 12 economics syllabus is divided into three parts (Part - A, B, & C). Part A & B are the theory portion and consist of 80 marks, and part C is the 20 marks project work.
The detailed class 12 economics syllabus is given below:
Class 12 economics syllabus:
|
Units |
Class 12th economics syllabus |
Marks |
|
Part - A: Introductory Macroeconomics (40 Marks) |
National Income and Related Aggregates |
10 |
|
Money and Banking |
6 |
|
|
Determination of Income and Employment |
12 |
|
|
Government Budget and the Economy |
6 |
|
|
Balance of Payments |
6 |
|
|
Part - B: Indian Economic Development (40 Marks) |
Development Experience (1947-90) and Economic Reforms since 1991 |
12 |
|
Current Challenges facing Indian Economy |
20 |
|
|
Development Experience of India – A Comparison with Neighbours |
8 |
|
|
Part - C |
Project work |
20 |
|
Total |
100 |
To know the detailed class 12 economics syllabus (Theory + Project work) click on the tab below.
Economics courses after 12th & Best colleges for economics
As an individual, studying various economics courses after 12th will develop a better understanding of the country's economy and its growth. Following is the list of economic courses after 12 that can be pursued at the Undergraduate, Post-graduate, or P.h.D level.
Duration - 3 years
Among several available economics courses after 12th, this one focuses on the key concepts of economics. The course covers subjects like microeconomics, statistics, Indian economics, foreign trade, legal studies, money and banking, the economic history of India, money and financial markets, etc. The following are the best colleges for economics in India.
Top Colleges
- Lady Shri Ram College (LSR), New Delhi
- Loyola College, Chennai
- St. Xavier’s College, Mumbai
- Christ University, Bangalore
- Hansraj College, New Delhi
Duration - 3 years
BSc. Economics courses after 12th are more inclined toward math and statistics. Its syllabus covers Calculus, Econometrics, Environmental Economics, Urban Economics, Banking, and Finance subjects. Listed below are a few best colleges for economics..
Top Colleges
- St. Xavier’s College, Kolkata
- Symbiosis School of Economics, Pune
- University School of Business, Chandigarh
- St. Joseph’s College, Banglore
- Mount Carmel College, Banglore
Duration - 3 years
BBA is one of the most sought-after economics courses after 12th. In this course, you will get knowledge about the working of a business. The subjects you need to study are financial accounting and analysis, business economics, business mathematics, cost accounting, etc. Some of the best colleges for economics are
Top Colleges
- Indian Institute of Management (IIM) Indore
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- Indian Institute of Management (IIM) Rohtak
- Indian Institute of foreign trade (IIFT), New Delhi
- Shaheed Sukhdev College of Business Studies (SSCBS), New Delhi
Duration - 3 years
The program offers a variety of choices to study subjects in your interest areas. It is one of many economics courses after 12th, which gives a holistic curriculum ranging from social sciences to languages with economics. For instance, you can choose subjects like Political Science, Psychology, Spanish, and Economics or as per your interests. A few best colleges for economics are
Top Colleges
- Christ University, Bangalore
- Symbiosis School of Liberal Arts, Pune
- Loyola College, Chennai
- St. Xavier’s College, Mumbai
- Miranda House, New Delhi
List of universities offering economics courses after 12th
Here is a list of the universities offering various distinguished Economics courses after 12th through CUET.
|
Name of the University |
Course Name |
|
Central University of Andhra Pradesh |
B.Sc. (Hons) Economics |
|
Central university of Jharkhand |
Integrated B. A. and M. A. in Economics |
|
Integrated M.Sc. in Economics |
|
|
Central university of Karnataka |
B.A. (Economics and Social Work) |
|
Central University of Tamil Nadu |
Integrated M.A Economics |
|
Guru Ghasidas Vishwavidyalaya |
B.A. (Honours) - Economics |
|
Indira Gandhi National Tribal University |
Undergraduate Economics |
|
Jamia Millia Islamia |
B.A. ( Hons) Economics |
|
Mizoram University |
B.A. Economics |
|
Nagaland University |
B.A. (Hons) in Economics |
|
North-Eastern Hill University |
B.A. Honours in Economics |
|
B.Sc Honours in Economics |
|
|
Rajiv Gandhi University |
B.A. Economics |
|
Tripura University |
Integrated Master's Degree in Economics |
|
University of Delhi |
B.A. (Hons.) Economics |
|
Bachelor of Business Economics [BBE] |
|
|
University of Hyderabad |
Integrated M.A (Economics) |
|
Visva- Bharati University |
B.A. in Economics |
|
Devi Ahilya Vishwavidyalaya |
B.A. (Hons.) - Economics – 4 Yrs. |
|
Dr. BR. Ambedkar University |
B.A. Economics |
|
Shri Mata Vaishno Devi University |
Integrated B.A. (Honours) Economics - M.A. Economics |
|
Vikram University |
B.A. Honours Economics |
|
Dayalbagh Educational Institute |
B.A. Social Science (Hons.) in Economics |
|
Gujarat Vidyapeeth |
B.A. - Economics (Randheja - Rural Campus) |
|
The Gandhigram Rural Institute (DTBU) |
B.A. Economics |
|
Arunachal University of Studies |
B.A. (Hons) - Economics |
|
BML Munjal University |
Bachelor of Art (Economics ) Hons. |
|
Chhatrapati Shivaji Maharaj University |
B.A. (Hons.) Economics |
|
Galgotias University |
B.A (Hons.) in Economics |
|
K.R. Mangalam University |
Bachelor of Arts (Hons) - Economics |
|
RNB Global University |
B.Com in Economics |
|
B.A. in Economics |
|
|
SRM University |
B.A. (Majors: Economics) |
Career in economics after 12th
Listed below are a few popular as well as rewarding options for a career in economics after 12th. Go through them minutely and understand them to suit your interest and choose a perfect career in economics after 12th for you.
Financial Analyst
Average Salary: INR 4 - 5 Lakhs p.a.
Primary Responsibilities
- Performing financial forecasting, reporting, and operational metrics tracking
- Studying performance investments such as stocks, bonds, commodities, and more
Economic Consultant
Average Salary: INR 5 - 6 Lakhs p.a.
Primary Responsibilities
- Responsible for analyzing data statistics and market conditions
- Developing business plans to address economic difficulties based on the research
Policy Analyst
Average Salary: INR 5 - 6 Lakhs p.a.
Primary Responsibilities
- Responsible for examining the efficacy of existing policies and laying out the groundwork for new programs to meet objectives and goals
Market Analyst
Average Salary: INR 4 - 5 Lakhs p.a.
Primary Responsibilities
- Responsible for conducting Market research and finding out about the company's consumers and their buying habits
- Market Analysts collect data on consumers, market trends, competitors, and suppliers to draft effective marketing strategies
Economist
Average Salary: INR 7 - 8 Lakhs p.a.
Primary Responsibilities
- Analyzing large amounts of data, correctly researching market trends, design company policies
- Economists conduct surveys and sampling techniques to study socioeconomic, financial, and political trends.
Investment Analyst
Average Salary: INR 7 - 8 Lakhs p.a.
Primary Responsibilities
- Examining and assessing economic and market trends, earnings prospects, financial statements, and various other indicators and factors to determine suitable investment strategies
Actuary
Average Salary: INR 8 - 9 Lakhs p.a.
Primary Responsibilities
- Assessing the risks involved in the industry and preparing the company for any liability in the future.
- They perform complex calculations to assess the likelihood of the occurrence of future liabilities.
Budget Analyst
Average Salary: INR 7 - 8 Lakhs p.a.
Primary Responsibilities
- Closely scrutinizing budgets and monitoring expenditures and incomes of the company to ensure the company reaches its financial goals
- They also collaborate with project managers and approve budget proposal requests.
There are several other available options for a career in economics after 12th as well, like in the field of education, consultation, advisory, and many more.
Economics syllabus for CUET
With less than a month gap between the Boards and CUET, it is essential that you don’t lose your grip and maintain some balance and the same intensity for both. This act of balancing would become much more easier and effective if you take some guidance and help from various economics coaching programs and prepare comprehensively for your boards as well as CUET simultaneously.
Questions & Marking Scheme for economics in CUET - Question types will be objective (MCQs) and the duration of the economics subject exam will be 45 mins.
The maximum mark is 200. The Marking Scheme is +5 for each right answer and 1 mark will be deducted for each wrong answer.
There will be one Question Paper for economics with 50 questions, out of which 40 questions need to be attempted.
Check below the detailed syllabus of economics for CUET, preparation strategy, and previous years' question paper for economics - CUET.
Economics coaching near me
To master the act of balancing and performing well on both exams (Boards + CUET), you are required to enroll in a comprehensive economics coaching program. Instead of searching around for economics coaching near me, it's better to enroll in any online economics coaching program where you can save your time as well as learn from the comfort of your home.
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Frequently asked questions
There are 2 Economics textbooks for class 12th in NCERT.
The courses you can do in History are B.A Hons.(Economics),B.Sc (Economics), B.A Hons. (Liberal Arts) or BBA.
Several colleges and universities offer courses in Economics. The top colleges offering admission in Economics courses are mentioned below.
1.Lady Shri Ram College (LSR), New Delhi
2.Loyola College, Chennai, Tamil Nadu
3.Presidency College, Chennai
4.St . Xaviers College, Mumbai
5.Christ University, Bangalore
Yes, it is advisable to prepare for English, if you want to increase your options since for most colleges it is mandatory to take a language course.
Yes, you can take admission in Economics courses even if you have completed your Class 12th from Science stream
Yes, you can take admission in Economics courses even if you have completed your Class 12th from Arts stream
You can take admission into B. A Hons. (Economics) or B.Sc (Economics) depending on the profession you wish to pursue. For instance, in B.A (Economics) you study theory well, while in Bsc. (Economics) you will study application of Economics in real life problems. So, you can get jobs in policy-making after completing BSc. (Economics).
The data for only this year is available, and till now it seems that the level is easy to moderate.
Yes, the mentors will be allocated to each student and the groups will be formed on Telegram. In these groups, students can ask for assistance in any circumstances from the mentor.
No, there won’t be any separate classes for CUET and Boards for Economics. Since the Syllabus is the same for both exams.
A student will get 2 books in the physical format for each subject. One has a chapter summary and the other model answers for board examinations.
There will be two classes for each subject every week, 3 classes for Mathematics and 1 class for General test and English each.