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CBSE Class 12 students are writing the exam shortly and have kept their fingers crossed.

Here
are few guidelines that channelise your reading. Yes, it is the exam time. You do not have much
time to revise the complete notes. Hence, start focusing on the descriptions and formulas that
you have learnt through out the year. Learn definitions and memorize explanations in points. Try
to put what all you have learn in words by making a small note of it. For Eg: Prepare a flow chart
of the respective chapter. Thus, it helps you to track down the points on the subject. Be careful
about numbers. Small mistake in figures leads you to a wrong calculation. Microeconomics has
the mathematical concepts so it is essential to get cleared of doubts before the exam, or else
you have to pay the revising time. Keep a separate data of formulas. Write description and
derivations of the formulas. Time yourself and solve problems repeatedly as this increases your
accuracy and speed. Apart from theoretical knowledge of textbook, Macroeconomics needs
updates on ongoing issues in the government sector as well as on new survey, research etc.,
for which, you have to keep monitoring news and newspapers as and when possible. In addition
to these, it is mandatory to solve the old, sample question papers and model test papers of
NCERT and CBSE. It is sure that this helps to keep a track of the number of questions raised
from a topic, and the approximate marks assigned on the topic. It is required to revise all
chapters twice before final exam. Make sure you have remembered all important concepts and
formulas. Economics is more of a theory paper. Better you practice writing to increase your
writing speed.
What is Economics?
Economics is the science which deals with production, distribution and consumption
of goods. It has both, qualitative as well as quantitative aspects. Hence, to ace an
Economics exam, you need to study it from both, qualitative and, also, quantitative
aspect.
Important topics

Consumer Equilibrium and Demand

Producer Behaviour and Supply

Government Budget and the Economy

Money and Banking

Balance of Payments

Important topics marks wise

Consumer Equilibrium and Demand 18 marks

Producer Behaviour and Supply 18 marks

National Income and Related Aggregates 15 marks

Determination of Income and Employment 12 marks

Forms of Market and Price Determination 10 marks

Tips for preparation

It is very difficult to cram a subject like economics. So, it is beneficial if you


take notes, attend lectures and study actively and enhance your economic
vocabulary by knowing the definitions, meaning of different economic related
terms and even participating in a discussion to understand if it makes sense
or not.

Before attending a class, try to skim the chapter so as to have an idea of


what are the concepts to be learnt in that chapter.

Move topic wise. For example, read something on micro economics, then,
move to some other book to understand micro economics in greater depths.
Then move to a book that teaches macro economics. This way, you will not
study disjoint material.

Try to figure out what a specific problem asks for. Talk about the data needed
to answer it. Know what you are looking for (for example what quantity
should the firm produce), know how to find it (look for the intersection of MR
and MC), and other factors needed for the outcome to be optimal.

Think about what you read and ask questions of yourself.

Try to know the various economic models. Look for figures of the models and
read the captions. If you don't quite get the idea behind it, then find the part
in the text that describes the model through an example.

Ensure that you understand all the terms in bold. Most of these terms would
be recurring concepts throughout the course (for example supply, demand,
elasticity, market and industry)

How to score well

Make graphs wherever required.

Among the questions with internal choices, select the ones that you plan to
attempt, and frame skeletons of the answers you are going to write for these
questions.

Follow a pattern. For example, in case you start with long answer questions,
complete that section and only then move to short or very short answer
section.

Highlight the important points and write your answer in points to enhance
visibility.

Before you start the exam, utilize the first 15 minutes to scan the paper.
Read the question paper thoroughly before jumping to write the answers.