Class 12th economics is one of the most chosen and loved subjects among the students of commerce and arts stream. However, to prepare well and score good marks in economics, you need to do a bit of hard and smart work, as economics in class 12 is more conceptual and requires due attention from students. This article will guide you on how to prepare class 12th economics to score a perfect 100.
Why is class 12th Economics challenging?
Economics in class 12th tests both the numerical and theoretical knowledge of the candidate in form of macroeconomics and Indian Economic Development as a part of syllabus. The student, thus, needs to be proficient in the demand of both the parts of the syllabus in order to score good in this subject. While macroeconomics is more numerical and conceptual, Indian Economic development is purely theoretical and requires good writing skills.
The following tips can help you to score good marks in economics in class 12th.
- Know your Syllabus (KYS)
It is very important to know your syllabus before you jump into the chapters and topics to prepare for exams. The syllabus released by CBSE for 2021-22 session is divided into two terms – 1 & 2. Click on the following link to download syllabus for class 12th economics 2021-22.
Economics Term Wise Syllabus 2021-22
Syllabus for Introductory Macroeconomics:
- National Income and Related Aggregates
- Money and Banking
- Determination of income and Employment
- Government Budget and the Economy
- Balance of payments
Syllabus for Indian Economic Development:
- Development Experience (1947-90) and economic reforms since 1991.
- Current challenges facing Indian Economy
- Development Experience of India – A Comparison with neighbours
- 2. Don’t use multiple sources to study
Use and stick to only one source to study each part, i.e., Introductory macroeconomics and Indian Economic Development. Using a lot of sources creates confusion and your mind fails to comprehend it all. The following books are prescribed by CBSE for class 12th Economics:
- Macroeconomics, NCERT
- Indian Economic Development, NCERT
You can download all NCERT books by visiting the official website of NCERT. Apart from the prescribed books, the following are considered very good for macroeconomics part:
- Introductory macroeconomics by Sandeep Garg.
- Introductory Macroeconomics by VK Ohri and TR Jain.
- Introductory macroeconomics by CA Parag Gupta and BL Gupta.
- 3. Revise multiple times
Multiple revisions of the same topic, from the same book can help you to retain all that you study. Apart from understanding and problem solving, retaining the concepts in your mind is extremely necesaary not only for your exams but also for the sake of knowledge. This becomes very significant especially in Indian economic Development. Multiple revisions/readings can be done in the following ways:
- Try to study or at least skim read the chapter before your school or tution teacher starts it. This will help you to grasp the concepts more easily and you will get a sense of achievement when the you already know something about the concepts while the teacher is explaining it.
- Make notes for every topic, especially for indian economic development. This eases your revision strategy and also engrians the concepts in your mind by writing.
- Always revise the chapter that your teacher has discussed in the class after reaching home. Revision only takes 1/10th of the time devoted to study the topic. So, if you had studied the chapter of balance of payments in 2 hours, it will take only 12 minutes to revise it if you revise immidiately.
- There must be at least 3 cycles of revision for every chapter/topic. One within 24 hours of studying the topic, second within a week and third within a month.
- If you follow regular revision steps mentioned above, you will be able to revise every topic of a book in one day before your exams. This will prove to be very helpful and stress free during your economics exam.
- 4. Solve as many questions as you can for macroeconomics
This is the ultimate secret to score full in class 12th macroeconomics part. You must get familiar with every possible kind of question from each chapter/unit. The more questions you solve, the more familiar your boards question paper would seem to you.
Apart from your textbook problems, you can access various test papers and questions on the internet. Make the best use of it.
As far as Indian Economic Development is concerned, it requires a bit of writing and presentation practice. You need to identify the repetitive questions and prepare them well. Good set of notes are very helpful in IED. Read our blog on paper presentation to ensure your full marks in IED.
- 5. Don’t forget to solve sample papers
Sample papers are the final and the most important step that will ensure your perfect 100 in economics.
- Go through and solve the sample question paper for economics released by CBSE every year. The following is the link to CBSE economics term 2 sample paper 2022-
Economics term 2 sample paper 2022
- Purchase a good set of economics sample papers of any reputed author. It is advised to purchase the latest edition of the current year to get the exact same pattern as you would get in your board exam. Sample papers by CA Parag Gupta, Oswaal publications and Arihant Publications are considered perfect for economics.
- You can download the free pdf of 10 sample papers for class 12th economics term 2 2022, prepared by well reputed CA Parag Gupta here-
class 12 economics term 2 sample paper 2022 free pdf
- Solve these sample papers in a 3-hour time bound manner. Get them checked by your teacher. Remember, the more sample papers you solve the more familiar your board exam would seem.
- It is very important to identify and correct your mistakes while solving sample papers, which most of the students fail to do. Analyse the reason behind every single mark you are losing, and work hard to correct it. Solve sample papers until you start scoring full marks in them.
All the best!
