Cbse Board Economics Syllabus
Cbse Board Economics Syllabus
Unit 1: Introduction
What is microeconomics?
Central problems of an economy, production possibility curve and opportunity cost
Unit 2: Consumer Behaviour and Demand
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 & Supply
Production function: Returns to 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.
Know More About :- Syllabus Of Andhra Pradesh Board


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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. Revenuetotal, average and
marginal revenue- Producers' equilibrium- Meaning and its conditions in terms of total cost and total
revenue.
Unit 4: Forms of Market and Price Determination
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 Curves

Part B: Introductory Macro-Economics

Unit 6: National Income and related aggregates
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
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.
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Unit 8: Money and Banking
Money - meaning, evolution and functions.
Central bank - meaning and functions.
Commercial banks - meaning and functions.
Recent significant reforms and issues in Indian Banking System
Privatisation and Modernisation
Unit 9: Government Budget and the Economy
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, & 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. Down sizing the role of government: Meaning and implications.
Unit 10: Balance of Payments
Foreign exchange rate- meaning (Fixed and Flexible), merits and demerits; Determination through
demand and supply
Balance of payments accounts - meaning and components
A brief analysis about recent exchange rate issues.


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