CBSE Class 12 Macro Economics Revision Notes

Class 12 Macroeconomics is about the study of economics on a macro level. The subject is difficult to study unless you hae a clear understanding of all the concepts. To help students understand all the concepts of Class 12 macroeconomics, our experts have designed Class 12 Macroeconomics revision notes that highlight and explain all the important topics chapter-wise for a better understanding of students. Revision notes of Class 12 Macroeconomics explain the concepts in a questions-and-answers pattern and help you revise the whole syllabus effectively.

CBSE Class 12 Economics Weightage 2023-24

CBSE Class 12 Economics Syllabus Part A: Introductory Macroeconomics

Unit 1: National Income and Related Aggregates

Unit 1 Class 12 Macroeconomics revision notes broadly cover the definition of macroeconomics and its basic concepts like consumption of goods, Capital, Final and Intermediate Goods, Gross Investment, and Depreciation.

It also covers some crucial topics like Circular Flow of Income (With two-sector model), Gross National Product (GNP), Gross Domestic Product (GDP), and Net Domestic Product (NDP) and Welfare in detail.

Unit 2: Money and Banking

Unit 2 Class 12 Economics revision notes help students understand the basic concept of money and its supply chain (synchronization between the currency held by the public and demand deposits held by banks).

This chapter is crucial to understand the Money Creation System by the Central banking System and the basic functionality of the Central bank (e.g. Reserve Bank of India). Some of the important concepts of Unit 2, Class 12 Macroeconomics revision notes are:

• Bank of issue

• Govt. Bank

• Banker’s Bank

• Control of Credit

Unit 3: Determination of Income and Employment

Unit 3 Class 12 Macroeconomics revision notes majorly cover the crucial topics like:

• Components of Aggregate Demand

• Short Run Equilibrium Output

• Full Employment and Involuntary Employment

• How to solve the problems of Excess Demand and Deficient Supply

• Reverse Repo Rate

• Margin Requirements

• Open Market Operations

Unit 4: Government Budget and the Economy

It is one of the crucial chapters of Class 12 Macroeconomics that helps students understand the budget allocated to/by the particular government along with its meaning, objectives, and components. Class 12 Economics revision notes cover the following concepts of Unit 3 in detail.

• Classification of Receipts: Revenue Receipts and Capital receipts

• Classification of Expenditure: Revenue Expenditure and Capital Expenditure

• Various measures of Government Deficit: Fiscal deficit, Primary deficit, and revenue deficit

Unit 5: Balance of Payments

Revision notes of Class 12 Macroeconomics Unit 5 majorly explain the meaning of Fixed Foreign Exchange Rate and Flexible Fixed Foreign Exchange Rate in simple terms. It also covers the essence of Payment Accounts and their components.

CBSE Class 12 Economics Syllabus Part B: Indian Economic Development

Unit 6: Development Experience (1947-90) and Economic Reforms since 1991:

It is one of the most interesting and crucial chapters of Class 12 Economics syllabus. Revision notes of Class 12 Economics Unit 6 broadly cover the Introduction of Indian Economy and common goals of five-year plans of Indian Economic System. This chapter helps students understand the agriculture policies, industry and foreign trades, liberalization, and privatization along with the concept of Demonetisation and GST, which is much needed to understand.

Unit 7: Current Challenges facing Indian Economy

Unit 7 Class 12 economics revision notes help students to revise and understand the major challenges affecting the Indian Economy.

• Poverty

• Unemployment

• Human Capital Formation

• Rural Development

• Infrastructure

Unit 8: Development Experience of India

Revision notes of Class 12 Unit 8 Economics majorly cover the Development experience of India by comparing it with neighbouring countries like Pakistan and India. It also highlights some major issues that need to be addressed for the complete development of India.

Overview of Revision Notes CBSE Class 12 Macroeconomics

The syllabus of Economics is divided into two parts, Macroeconomics and Microeconomics in Class 12. Students of Class 12 Macroeconomics will find a lot of important details in the chapters about the economy of India and much more. Students can get a lot of ideas about concepts such as National Income Accounting, Money & Banking, Determination of Employment and Income, Government Budget, Economy, Open Economy, and much more. These topics are related to the macro-level of economics. To complete their syllabus, students can take the help of Revision Notes CBSE Class 12 Macroeconomics. Students of Class 12 will be able to gain a lot of insights into the chapters from these revision notes in the first place.

The 12th Macroeconomics Notes are thoroughly researched and are extremely concise to make sure that students don’t have a problem understanding the topics in the first place. From the examination point, these notes will provide the best information to the students. After reading the chapters, students can read the Macroeconomics Notes for Class 12 PDF in order to learn more about the concepts in the best way. The experts at Vedantu have formulated these revision notes on the basis of CBSE guidelines. Thus, students of Class 12 will definitely be able to learn a lot from these notes. They can study the notes to understand the examination pattern as well as the answering format.

Benefits of Vedantu’s CBSE Class 12 Macroeconomics Revision Notes 

Vedantu’s CBSE 12 Macroeconomics revision notes are beneficial to the students in the following manner:

1. Notes of CBSE Class 12 Macroeconomics  are very concise and cover all the topics of each chapter.

2. Students can quickly revise all the important concepts and formulas quickly before the exams.

3. The revision notes cover all the formulas, theorems, and important equations making it one of the most useful study materials during exam time.

4. The revision notes contain detailed and well-structured explanations about all the concepts.

5. Designed by subject experts in such a way that students recall all the important concepts just by having a look at the notes.

6. In case you might have missed out on a few of the classes for Macroeconomics Class 12, there is no need to worry because the revision notes will allow you to catch up with the rest of the classes. All the topics have been explained in detail according to the CBSE syllabus and hence students can count on the notes for sure.

7. The revision notes have been prepared by experts at Vedantu who are well-versed in the requirements of CBSE. Thus, students can analyse the notes and figure out the probable exam pattern of the CBSE board exams in the best way. Thus, they can also devise a proper strategy to score high marks in the subject using the Class 12 Macroeconomics Notes.

8. Students will have no trouble clearing their doubts when they download the quick revision notes for Macroeconomics Class 12. These notes have clear and crisp explanations of the topics and hence students can use the explanations to clear out any of their doubts with ease.

9. The chapters on Macroeconomics are really important for the exams as they have significant weightage. Hence, by studying the revision notes for Macroeconomics Class 12, students will be able to find out the topics that they need to focus on in order to score good marks in the exams.

Importance of Vedantu Revision Notes

1. Vedantu Revision notes are very concise and cover all the topics of each chapter.

2. From the examination point of view, Vedantu revision notes provide the students a quick revision of all the important concepts.

3. Vedantu Revision Notes covers all the formulas, theorems, and important equations making it one of the most useful study materials during exam time.

4. The Vedantu revision notes contain detailed and well-structured explanations about all the concepts

5. Vedantu Revision Notes are designed in such a way that even at a glance students can recall all the important concepts and formulas, which saves time during the last-minute exam preparations.

Easy Preparation with Class 12 Macroeconomics Notes PDF Download

Get your hands on Vedantu’s revision notes for Class 12 Macroeconomics and start your preparation for the exams. These notes have been prepared by experts who make sure that students are provided with quality content all the time. Download the notes right now and start your preparation early for the exams.

Conclusion

Vedantu Revision Notes PDF is a very important study material before the final exams. Many a time the students are not able to perform well in the examination because of no proper revision. Sometimes the inability to recollect a small formula will lead to total failure in an exam. In order to be stress-free during exams, sufficient time must be allocated for revision.

Vedantu Revision Notes PDFs help students in learning the proper and scientific methodology of revision to see that their efforts do not go waste.

Other Related Links

• CBSE Class 12 Micro Economics Revision Notes

• CBSE Syllabus for Class 12 Economics Term (1 & 2)

• NCERT Solutions for Class 12 Economics

• Previous Year Question Paper for CBSE Class 12 Economics with solutions

• Important Questions for CBSE Class 12 Economics

• CBSE Sample Papers for Class 12 Economics with Solution & Marking Scheme