30-Day Study Plan: Economics Class 12 | Economics Class 12 - Commerce PDF Download

Week 1: Foundations of Indian Economic Development

Day 1: Indian Economy on the Eve of Independence

Understand the economic conditions of India under colonial rule, focusing on agriculture, industry, and trade.

• Read: Chapter Notes - Indian Economy on the Eve of Independence
• Watch: Indian Economy on the Eve of Independence
• Task: Create a mind map summarizing colonial economic impacts.
• Practice: Attempt Test: Indian Economy On The Eve Of Independence - 1

Day 2: Indian Economy on the Eve of Independence (Continued)

Deepen understanding of the agricultural and industrial sectors under colonial rule.

• Watch: Impact on Agricultural Sector and Impact on Industrial Sector
• Read: NCERT Textbook: Indian Economy on the Eve of Independence
• Task: Write a short note on the economic impacts of colonial rule.
• Practice: Solve Worksheet: Indian Economy On The Eve of Independence - 1

Day 3: Indian Economy 1950-1990

Explore the economic policies and planning in India post-independence.

• Read: Chapter Notes - Indian Economy 1950-1990
• Watch: Fun Video: Economic System and its Types
• Task: Summarize the goals of five-year plans in your own words.
• Practice: Attempt Test: Indian Economy - 1

Day 4: Indian Economy 1950-1990 (Continued)

Study the agricultural and industrial policies, including import substitution.

• Watch: Agriculture and Industrial Sector and Trade Policy: Import Substitution
• Read: NCERT Textbook: Indian Economy (1950-1990)
• Task: Create a table comparing agricultural and industrial policies.
• Practice: Solve Worksheet: Indian Economy 1950-1990 - 1

Day 5: Liberalisation, Privatisation, and Globalisation (LPG)

Understand the New Economic Policy of 1991 and its components.

• Read: Chapter Notes - Liberalization, Privatisation and Globalisation
• Watch: Introduction of Liberalisation, Privatisation and Globalisation
• Task: Write a short note on the objectives of LPG reforms.
• Practice: Attempt Test: Liberalisation, Privatisation And Globalisation

Day 6: LPG Reforms (Continued)

Explore the industrial policy and impacts of LPG reforms.

• Watch: Background: New Economic Policy of LPG and Liberalisation and its Industrial Policy
• Read: NCERT Textbook: Liberalisation, Privatisation & Globalisation
• Task: Create flashcards for key LPG terms.
• Practice: Solve Worksheet: Liberalisation, Privatisation and Globalisation - 1

Day 7: Revision and Practice Test

Revise concepts from Days 1-6 and assess your understanding.

• Review: Mindmap: Indian Economy on the Eve of Independence and Mindmap: Indian Economy 1950-1990
• Task: Revise notes and focus on weak areas.
• Practice: Attempt Test: Development Experience (1947-90) and Economic Reforms since 1991

Week 2: Indian Economic Development (Continued)

Day 8: Human Capital Formation

Learn about human capital, its role, and challenges in India.

• Read: Chapter Notes - Human Capital Formation in India
• Watch: What is Human Capital?
• Task: Summarize the importance of human capital formation.
• Practice: Attempt Test: Human Capital Formation In India - 1

Day 9: Human Capital Formation (Continued)

Study the role of education and economic growth in human capital formation.

• Watch: Education for All and Human Capital and Economic Growth
• Read: NCERT Textbook: Human Capital Formation in India
• Task: Create a table comparing human and physical capital.
• Practice: Solve Worksheet: Human Capital Formation in India - 1

Day 10: Rural Development

Understand the meaning and processes of rural development.

• Read: Chapter Notes - Rural Development
• Watch: Meaning of Rural Development
• Task: Write a note on rural credit needs.
• Practice: Attempt Test: Rural Development - 1

Day 11: Rural Development (Continued)

Explore rural credit and agricultural marketing systems.

• Watch: Rural Credit and Needs for Rural Credit and Agricultural Marketing System
• Read: NCERT Textbook: Rural Development
• Task: List key rural development programs.
• Practice: Solve Worksheet: Rural Development - 2

Day 12: Employment: Growth, Informalisation, and Other Issues

Study employment trends and the informal sector in India.

• Read: Chapter Notes - Employment: Growth, Informalisation & other Issues
• Watch: Introduction: Employment
• Task: Create a mind map of employment sectors.
• Practice: Attempt Test: Employment Growth And Other Issues - 1

Day 13: Employment (Continued)

Analyse the sectors of the Indian economy and employment challenges.

• Watch: Sectors of Indian Economy
• Read: NCERT Textbook: Employment
• Task: Write a note on the informalisation of employment.
• Practice: Solve Worksheet: Employment - 1

Day 14: Revision and Practice Test

Revise concepts from Days 8-13 and take a practice test.

• Review: Mind Map: Human Capital Formation and Mind Map: Rural Development
• Task: Revise notes and focus on weak areas.
• Practice: Attempt Test: Current Challenges Facing Indian Economy

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Week 3: Indian Economic Development and Introduction to Macroeconomics

Day 15: Environment and Sustainable Development

Learn about environmental challenges and sustainable development strategies.

• Read: Chapter Notes - Environment & Sustainable Development
• Watch: Environment & Sustainable Development
• Task: Summarise key environmental issues in India.
• Practice: Attempt Test: Environment And Sustainable Development - 1

Day 16: Comparative Development Experiences

Study the development experiences of India, China, and Pakistan.

• Read: Chapter Notes - Comparative Development Experiences
• Watch: History of Revolution of China
• Task: Create a table comparing demographic indicators of India, China, and Pakistan.
• Practice: Attempt Test: Development Experience Of India - 1

Day 17: Introduction to Macroeconomics

Understand the scope and basic concepts of macroeconomics.

• Read: Chapter Notes: Introduction to Macroeconomics
• Watch: Macroeconomics
• Task: Create flashcards for macroeconomic terms.
• Practice: Attempt Test: Introduction To Macroeconomics - 1

Day 18: National Income Accounting

Learn methods to calculate national income and related aggregates.

• Read: Chapter Notes – National Income Accounting
• Watch: Some Basic Concepts of Macroeconomics
• Task: Solve numerical problems on income method.
• Practice: Attempt Test: National Income Accounting - 1

Day 19: National Income Accounting (Continued)

Study expenditure and value-added methods for national income.

• Watch: Expenditure Method and Product or Value Added Method
• Read: NCERT Textbook: National Income Accounting
• Task: Create a table comparing GDP and GNP.
• Practice: Solve Worksheet: National Income Accounting - 1

Day 20: Money and Banking

Understand the functions of money and the role of the banking system.

• Read: Chapter Notes - Money & Banking
• Watch: Functions of Money and Role of Money
• Task: Summarise the role of the Reserve Bank of India.
• Practice: Attempt Test: Money And Banking - 1

Day 21: Revision and Practice Test

Revise concepts from Days 15-20 and take a practice test.

• Review: Mind Map: Environment and Sustainable Development and Mind Map: National Income Accounting
• Task: Revise notes and focus on weak areas.
• Practice: Attempt Test: Development Experience of India

Week 4: Macroeconomics (Continued)

Day 22: Money and Banking (Continued)

Explore money creation and monetary policy instruments.

• Watch: Money Creation by Banking System and Instruments of Monetary Policy and RBI
• Read: NCERT Textbook: Money & Banking
• Task: Explain the concept of reserve ratio.
• Practice: Solve Worksheet: Money and Banking - 1

Day 23: Determination of Income and Employment

Study aggregate demand, aggregate supply, and the multiplier effect.

• Read: Chapter Notes - Determination of Income and Employment
• Watch: What is Aggregate Demand? and The Multiplier Effect, MPC, and MPS
• Task: Solve numerical problems on the multiplier effect.
• Practice: Attempt Test: Income Determination - 1

Day 24: Government Budget and the Economy

Understand the components of the government budget and fiscal policy.

• Read: Chapter Notes - Government Budget and the Economy
• Watch: Fun Video: All about Fiscal Policy
• Task: Create a table of revenue and capital expenditure.
• Practice: Attempt Test: Government Budget And Economy - 1

Day 25: Open Economy Macroeconomics

Learn about balance of payments and foreign exchange markets.

• Read: Chapter Notes - Open Economy Macroeconomics
• Watch: Balance of Payment and Balance of Trade
• Task: Explain fixed vs. floating exchange rates.
• Practice: Attempt Test: Open Economy Macroeconomics - 1

Day 26: Open Economy Macroeconomics (Continued)

Study determinants of exchange rates and equilibrium output.

• Watch: Determinants of Exchange Rate and Equilibrium Output
• Read: NCERT Textbook: Open Economy Macroeconomics
• Task: Solve numerical problems on balance of payments.
• Practice: Solve Worksheet: Open Economy Macroeconomics - 1

Day 27: Revision of Macroeconomics

Revise macroeconomic concepts from Days 17-26.

• Review: Mind Map: Determination of Income and Employment and Mind Map: Open Economy
• Task: Summarise key macroeconomic concepts.
• Practice: Attempt Value-Based Questions - Macroeconomics

Day 28: Previous Year Papers

Practice with previous year CBSE Economics papers to understand the exam pattern.

• Solve: Class 12 Economics Question Paper Solved (2024) - 1
• Solve: Class 12 Economics Question Paper Solved (2023) - 1
• Task: Analyse mistakes and review related concepts.

Day 29: Sample Papers

Solve CBSE sample papers to simulate exam conditions.

• Solve: Class 12 Economics: CBSE Sample Question Papers (2024-25)
• Solve: Class 12 Economics Official Sample Question Paper (2023-24)
• Task: Time yourself to improve speed and accuracy.

Day 30: Final Revision and Mock Test

Revise all topics, focus on weak areas, and take a final mock test.

• Review: Syllabus: Economics for Class 12
• Task: Revise all mind maps and notes.
• Practice: Attempt Class 12 Economics Question Paper Solved (2024)

Tips for Effective Preparation

• Stay Consistent: Dedicate 2-3 hours daily and follow the schedule diligently.
• Use Visual Aids: Study with the help of mind maps, tables, and flashcards to reinforce concepts like national income methods and LPG reforms.
• Practice Regularly: Solve worksheets, tests, and past papers to build confidence and improve problem-solving skills.
• Revise Actively: Summarise concepts in your own words and teach them to a peer to enhance retention.
• Stay Positive: Take short breaks, stay motivated, and maintain a positive mindset to avoid burnout.