Economics in Class 12 is divided into two key parts: Macroeconomics and Indian Economic Development. These subjects help students understand economic principles, national and international economic structures, and India's economic journey.

Macroeconomics

Macroeconomics deals with the overall functioning of an economy. It focuses on broad economic aggregates such as national income, inflation, GDP, banking systems, money supply, and balance of payments. It helps students understand how policies related to fiscal and monetary management impact economic stability and growth.

Indian Economic Development

This subject focuses on the challenges and progress of the Indian economy. It covers India's economic transition from the British colonial period to independence and beyond, highlighting key economic reforms, policies, and developmental challenges such as poverty, unemployment, and inequality. It also examines various government initiatives aimed at promoting economic growth and social welfare.

By studying these subjects, students gain a deeper understanding of economic policies, financial systems, and India's economic landscape, preparing them for further studies and real-world applications in economics.