Rajasthan Board Class 12 Economics Syllabus 2026-27

Exam scheme

Subject code 10. One paper, 3 hours 15 minutes. Theory 80 marks + sessional 20 marks = 100.

Part A — Introductory Macroeconomics (40 marks)

Unit	Topic	Marks
1	Macroeconomics — introduction and national income accounting	8
2	Money and Banking	8
3	Income and Employment	8
4	Government Budget	8
5	Open Economy	8

National income accounting: circular flow (two-sector); value-added, expenditure, and income methods; factor cost vs market prices; nominal and real GDP; GDP and welfare.

Money and banking: functions of money; demand and supply of money; credit creation; money multiplier; policy tools to control money supply.

Income and employment: aggregate demand; two-sector determination of income; multiplier.

Government budget: meaning and components; receipts and expenditure; balanced, surplus and deficit budgets.

Open economy: balance of payments; current and capital accounts; foreign exchange; fixed, flexible, and managed floating rates.

Part B — Introductory Microeconomics (40 marks)

Unit	Topic	Marks
1	Introduction	6
2	Consumer Behaviour	12
3	Production and Costs	12
4	Perfect Competition (including market equilibrium)	10

Introduction: central problems of an economy; planned vs market economy; positive and normative economics.

Consumer behaviour: utility; budget set and budget line; demand curve and elasticity.

Production and costs: short run and long run; TP, AP, MP; law of variable proportions; returns to scale; short-run and long-run costs.

Perfect competition and market equilibrium: revenue and profit maximisation; short-run and long-run supply; shut-down and break-even; excess demand and supply; price ceiling and floor.

Prescribed books

1. Introductory Microeconomics — NCERT
2. Introductory Macroeconomics — NCERT