CHANGE IN SYLLABUS OF ECONOMICS CBSE - XII FOR ACADEMIC YEAR 2017-18. PROJECT WORK GUIDELINES FOR XII CBSE STUDENTS. WILL BE HELPFUL FOR STUDENTS

1. ECONOMICS
XII
2017-18
THINK ECONOMICS
THINK SOHIL SIR

2. PRESENTATION BY:-
CS. SOHIL GAJJAR
COMMITTED TO EXCELLENCE

3.  To provide opportunities to acquire analytical skills to observe and
understand the economic realities.
 To 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.
 Understanding of some basic economic concepts and development of
economic reasoning which the learners can apply in their day-to-day life
as citizens, workers and consumers.
 Realisation of learners’ role in nation building and sensitivity to the
economic issues that the nation is facing today.
 Development of understanding that there can be more than one view on
any economic issue and necessary skills to argue logically with reasoning.

4. ECONOMICS – XII [2017-2018]
TOTAL MARKS - 100
PASSING MARKS - 33
THEORY MARKS - 80
PASSING MARKS - 26
PROJECT - 20
PASSING MARKS - 7

5. SYLLABUS – MICRO ECONOMICS
UNITS MARKS PERIODS
PART – A INTRODUCTORY MICRO ECONOMICS
I INTRODUCTION 4 8
II CONSUMER BEHAVIOUR AND DEMAND
i. CONSUMER EQUILIBRIUM
ii. DEMAND
iii. ELASTICITY OF DEMAND
13 32
III PRODUCER BEHAVIOUR AND SUPPLY
i. PRODUCTION FUNCTION
ii. COST
iii. REVENUE
iv. PRODUCER EQUILIBRIUM
v. SUPPLY
vi. ELASTICITY OF SUPPLY
13 32
IV FORMS OF MARKET AND PRICE DETERMINATION UNDER PERFECT
COMPETITION WITH SIMPLE APPLICATION
i. MAIN FORMS OF MARKET
ii. PRICE DETERMINATION WITH SIMPLE APPLICATIONS
10 28

6. SYLLABUS – MACRO ECONOMICS
UNITS MARKS PERIODS
PART – B INTRODUCTORY MACRO ECONOMICS
V NATIONAL INCOME AND RELATED AGGREGATES
i. CIRCULAR FLOW OF INCOME
ii. BASIC CONCEPTS OF MACRO ECONOMICS
iii. NATIONAL INCOME AND RELATED AGGREGATES
iv. MEASUREMENT OF NATIONAL INCOME
10 28
VI MONEY AND BANKING
i. MONEY
ii. BANKING
6 15
VII DETERMINATION OF NATIONAL INCOME AND EMPLOYMENT
i. AGGREGATE DEMAND AND RELATED CONCEPTS
ii. INCOME DETERMINATION AND MULTIPLIER
iii. EXCESS DEMAND AND DEFICIENT DEMAND
12 27
VIII GOVERNMENT BUDGET AND ECONOMY 6 15
IX BALANCE OF PAYMENT
i. FOREIGN EXCHANGE
ii. BALANCE OF PAYMENTS
6 15

7. SUGGESTED PAPER DESIGN
SR.
NO.
TYPOLOGY OF
QUESTIONS
VERY SHORT
– MCQ
[1 MARK]
SHORT
ANSWERS – I
[3 MARKS]
SHORT
ANSWERS – II
[4 MARKS]
LONG
ANSWERS
[6 MARKS]
MARKS %
1. REMEMBERING 2 - 2 2 22 27
2. UNDERSTANDING 2 1 2 1 19 24
3. APPLICATION 2 1 1 1 15 19
4. HIGH ORDER THINK
ING SKILLS
1 1 1 1 14 17
5. EVALUATION 1 1 - 1 10 13
TOTAL 8 X 1 = 8 4 X 3 = 12 6 X 4 = 24 6 X 6 = 36 80 [24] 100
THERE WILL BE ONE INTERNAL OPTIONS IN EACH 3, 4 & 6 MARKS QUESTIONS

8. GUIDELINES FOR PROJECTS [2017-18]
STUDENTS ARE SUPPOSED TO PICK ANY ONE
OF THE TWO SUGGESTED PROJECTS.
I. Project (Option One) : What’s Going Around Us
II. Project (Option Two): Analyse any Concept
from the Syllabus

9. PROJECT – I WHAT’S GOING AROUND US
The purpose of this project is to –
1. Enable the student to understand the scope and repercussions of various Economic events and
happenings taking place around the country and the world.
2. Provide an opportunity to the learner to develop economic reasoning and acquire analytical skills to
observe and understand the economic events.
3. Make students aware about the different economic developments taking place in the country and
across the world.
4. Develop the understanding that there can be more than one view on any economic issue and to
develop the skill to argue logically with reasoning.
5. Compare the efficacy of economic policies and their respective implementations in real world
situations and analyse the impact of Economic Policies on the lives of common people.
6. Provide an opportunity to the learner to explore various economic issues both from his/her day to day
life and also issues which are of broader perspective.

10. SUGGESTIVE TOPICS FOR [P – I]
1. The Dynamics of the Goods & Services Tax and likely impacts on the Indian Economy or
2. The Economics behind the Demonetisation of 500 and 1000 Rupee Notes and the Short
Run and Long Run impact on the Indian Economy or
3. The impact of BREXIT from the European Union etc.)
4. Micro and small scale industries
5. Food supply channel in India
6. Contemporary employment situation in India
7. Disinvestment policy
8. Health expenditure (of any state)
9. Inclusive growth strategy
10. Human Development Index
11. Self help groups
12. Any other topic

11. SCOPE OF PROJECT – STUDENTS WORK – [P I]
Student may work upon the following lines:
1. Introduction
2. Details of the topic
3. Pros and Cons of the economic event/happening
4. Major criticism related to the topic (if any)
5. Students’ own views/perception/ opinion and learning
from the work
6. Any other valid idea as per the perceived notion of the
student who is actually working and presenting the
Project-Work.

12. MARKING SCHEME – [P I]
Marks are suggested to be given as –
Mode of Presentation and Submission of the Project: At the end of the stipulated term, each
student will present the work in the
Project File (with viva ) to the external
examiner.
SR. NO. HEADING MARKS
1. RELEVANCE OF TOPIC 3
2. KNOWLEDGE CONTENT/
RESEARCH WORK
6
3. PRESENTATION TECHNIQUE 3
4. VIVA 8
TOTAL 20

13. PROJECT – II ANALYSE ANY CONCEPT FROM
THE SYLLABUS
The purpose of this project is to –
1. Develop interest of the students in the concepts of Economic theory and application of th
e concept to the real life situations.
2. Provide opportunity to the learners to develop economic reasoning vis-a-vis to the given
concept from the syllabus.
3. Enable the students to understand abstract ideas, exercise the power of thinking and to
develop his/her own perception
4. To develop the understanding that there can be more than one view on any economic iss
ue and to develop the skill to argue logically with reasoning
5. Compare the efficacy of economic policies in real world situations
6. To expose the student to the rigour of the discipline of economics in a systematic way
7. Impact of Economic Theory/ Principles and concepts on the lives of common people

14. SUGGESTIVE TOPICS [P – II]
 Price Determination
 Price Discrimination
 Opportunity Cost
 Production Possibility Curve
 Demand and its determinants
 Supply and its determinants
 Production – Returns to a Factor
 Cost function and Cost Curves
 Monopoly
 Oligopoly
 Monopolistic Competition
 Credit Creation
 Money Multiplier
 Central Bank and its functions
 Government Budget & its
Components
 Budget deficit
 Exchange Rate Systems
 Foreign Exchange Markets
 Balance of payments
 Any other topic

15. SCOPE OF PROJECT – STUDENTS WORK – [P II]
Following essentials are required to be fulfilled in the
project.
Explanation of the concept:
1. Meaning and Definition
2. Application of the concept
3. Diagrammatic Explanation (if any)
4. Numerical Explanation related to the concept etc. (if any)
5. Students’ own views/perception/ opinion and learning from the topic

16. MARKING SCHEME – [P II]
Marks are suggested to be given as –
Mode of Presentation and Submission of the Project: At the end of the stipulated term, each
student will present the work in the
Project File (with viva ) to the external
examiner.
SR. NO. HEADING MARKS
1. RELEVANCE OF TOPIC 3
2. KNOWLEDGE CONTENT/
RESEARCH WORK
6
3. PRESENTATION TECHNIQUE 3
4. VIVA 8
TOTAL 20

17. FILE INTRODUCTORY PAGES
PAGE - I
ECONOMICS
PROJECT WORK
TOPIC
NAME OF THE SCHOOL:-
NAME OF THE STUDENT:-
CLASS:-
CBSE ROLL NUMBER:-
ACADEMIC YEAR:-
TEACHER IN CHARGE:-

18. PAGE - II
SCHOOL HEADER
A project report on “.........................................................”
Submitted in partial fulfilment of Economics Practical Examination as per the guidelines issued by the
CBSE for A.Y. 2017-18
CBSE ROLL NUMBER:- SUBJECT:- ECONOMICS
SUBMITTED BY:- SUBMITTED TO: CS. SOHIL GAJJAR
CLASS / DIVISION:-

19. PAGE - III
SCHOOL HEADER
ACKNOWLEDGEMENT
I would like to thank God for providing me with everything that I required in completing this
project.
I express my gratitude towards CS. Sohil Gajjar for his extended guidance and support
throughout this project work.
I would give my special thanks to Mr. Principal of for his
great support by motivating and encouraging in every endeavour of ours.
I want to thank my friends for their contribution and cooperation.
A special thank to CBSE for the scheme of project introduction to make students discover
their inbuilt abilities.
Last but no least I would like to thank my Parents for their love and support.

20. PAGE - IV
SCHOOL HEADER
BONAFIDE CERTIFICATE
This is to certify that the project report entitled on Economics of “.........................................”
submitted by of class . This project is
considered as a part of practical exam of AISSCE conducted by Central Board of Secondary Education is a
bonafide record of project work carried out under our guidance and supervision at
School CBSE Surat
This project is evaluated on
INTERNAL EXAMINER NAME:- SIGNATURE
HEAD OF INSTITUTION NAME:- SIGNATURE
EXTERNAL EXAMINER NAME:- SIGNATURE