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The microeconomics portion of the syllabus includes chapters on consumer behaviour, where students learn about the factors that influence consumer choice and the concept of utility. Production and cost are other important aspects of the microeconomics portion of the syllabus, where students learn about the different types of production, the costs of production and the relationship between them. Market structures and price determination under different market structures are also covered in this portion of the syllabus.
The science of economics is concerned with the creation, distribution, and consumption of things. It contains both qualitative and quantitative elements. As a result, in order to ace an Economics exam, you must study it from both a qualitative and quantitative perspective.
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CBSE CLASS 12 ECONOMICS IMPORTANT TOPICS-
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Consumer Equilibrium and Demand
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Producer Behaviour and Supply
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Government Budget and the Economy
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Money and Banking
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Balance of Payments
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TIPS-
Cramming a topic like economics is really difficult. As a result, it is good if you take notes, attend lectures, and actively study to improve your economic vocabulary by learning the definitions and meanings of various economic terms, as well as participating in a conversation to determine whether or not something makes sense.
Before attending a class, attempt to skim over the chapter to get a sense of the subjects that will be covered.
Move on to the next topic. Read a book on microeconomics, for example, and then move on to another book to learn more about microeconomics. Then go on to a macroeconomics textbook. You will not be studying disjointed stuff this way.
Try to figure out what a particular situation requires. Discuss the information required to respond to it. Know what you're searching for (for example, how much should the company produce), where to seek it (look for the intersection of MR and MC), and other criteria that will help you get the best result.
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Consider what you've read and ask yourself some questions.
Make an effort to understand the various economic models. Look for the model figures and read the captions. If you're having trouble grasping the concept, look for the section of the text that explains the model using an example.
Make sure you know what the terms in bold mean. The majority of these phrases will come back again and again during the course (for example supply, demand, elasticity, market and industry)
Create graphs wherever they are needed.
Select the questions with internal choices that you want to attempt, then create skeletons for the responses you'll write for these questions.
Stick to a pattern. If you start with long response questions, for example, finish that area first and then move on to the short or very short answer section.
To make your answer more visible, highlight the main elements and write them in points.Use the first 15 minutes of the exam to scan the paper before beginning the exam. Before getting into writing the answers, read the question paper completely.
Recommended Books-
Both microeconomics and macroeconomics are included in NCERT books. Both are a must-have for CBSE exams and are priced at Rs 45 each.
Microeconomics and macroeconomics by Jain and Ohri, priced at Rs 135, provide a solid foundation in economics.
Microeconomics and macroeconomics by S. Chand are popular among students because of their clarity and illustrative tests.
Sample papers for CBSE can be downloaded from the official website. The CBSE provides sample papers that are as near to the real test as possible.Join Safalta School Online and prepare for Board Exams under the guidance of our expert faculty. Our online school aims to help students prepare for Board Exams by ensuring that students have conceptual clarity in all the subjects and are able to score their maximum in the exams.