Economics subject of class 12 CBSE board is divided into two parts: Macroeconomics and Indian Economic Development. Both the parts are very different and need all your efforts to understand the concepts and topics. 

Short notes are a good way to learn and revise the Economics subject topics. If you don’t have your notes, it will make your studies and revisions more stressful. You should either make your handwritten notes or get notes from a good source. 

If you can’t make self-handwritten notes, then don’t worry. You have the CBSE Class 12 Economics Chapter Wise Notes PDF Download links available here on CA Wizard. You can scroll down to get the PDF files of the chapter wise notes. And please check our list of best 12th commerce classes.

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CBSE Class 12 Economics Chapter Wise Notes PDF Download

These notes will greatly benefit you in your studies. They are made on the latest syllabus released by CBSE. These notes are made in a simple manner to help you understand and revise the chapters quickly. These notes are more than sufficient, and you don’t have to read any other material during your revisions.

Below are the links for CBSE Class 12 Economics Chapter Wise Notes PDF Download for Part A (Macroeconomics) and Part B (Indian Economic Development). Click download links of the PDFs and start your preparation to score high marks in the class 12 CBSE Economics exam.

Macro Economics

Indian Economic Development

Brief of Economics Chapters’ Notes 

Basic Concepts of Macroeconomics/National Income and related Aggregates 

The chapter focuses on basic concepts like types of goods, stocks, flows, gross investment, and depreciation. The chapter also gives an introduction to the circular flow of income, National Income calculation methods. The whole chapter explains how the growth of a nation is dependent on its economy. So all the concepts of Macroeconomics are explained in reference to a nation.  

Money and Banking

The chapter discusses the banking sector and how they regulate the flow of money. The topics that are important in this chapter are—supply of money, money creation by the banking system, Central bank, and its functions: Bank of issue, Govt. Bank, Banker’s Bank, Control of Credit. 

Determination of Income and Employment

This whole chapter is very important. However, the aggregate demand and supply are the main topics of this chapter. Problems of excess demand and deficient demand; measures to correct them are also very important.

Government Budget and Economics

The three main topics of this chapter are—Government Budget, Classification of receipts, Measures of government deficit. The chapter is about how a nation needs a stable economy and how it is done in a nation.

Balance of Payments

This chapter focuses on the system of exchange rates and foreign exchange rates and everything related to it.

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

The chapter discusses how the economic conditions of India changed after Independence. The chapter also covers new policies like the introduction of Five Year Plans, trade policies, agriculture policies, and more.


Poverty is just one of the challenges of the Indian economy. This chapter talks about the adversity of this problem in India, the criteria to identify poor people, and the causes of poverty. The chapter also discusses the various poverty alleviation programs.

Human Capital Formation

Human capital is one of the important resources of any nation. This chapter discusses the human capital meaning, sources, and how it helps in the nation’s growth. The challenges in the formation of human capital are also elaborated in this chapter.

Rural Development

The meaning of rural development, credit and marketing in rural areas, agriculture market system, banking in rural areas, and rural diversification are important topics.


Employment in India is yet another economic challenge. This chapter talks about the growth and changes in the workforce participation rate in formal and informal sectors, problems in the employment, and government policies implemented. 


Infrastructure is a key element that contributes to the growth of a country. This chapter focuses on infrastructure meaning and its types with context to the condition of infrastructure in India.

Environment and Sustainable Development

The chapter discusses the meaning of sustainable environmental development, its effect on the economy. You will also read about the environmental crisis, the factors causing it, and how India can attain sustainable development.

Development Experience of India

You will study the development experience of India with Pakistan and China in this chapter on various indicators.

Preparation Tips

Along with the notes, you should collect the other resource material as well. Below are the links to the Economics class 12 study resources:

CBSE Class 12 Economics Syllabus

CBSE Class 12 Economics Sample Papers

NCERT books

How to make Economics subject preparation easy?

Make an action plan for your studies and revisions. Following a proper schedule will help you complete the syllabus on-time. 

While studying the Economics syllabus, mark the important points in your NCERT books. Regular revisions are very important. But you cannot go through the complete books again to read the important points. Therefore you should use short notes. If you don’t have time to make handwritten notes yourself, then use the Class 12 Economics Chapter Wise Notes given above. 

Solve the latest sample papers to know the exam pattern for CBSE class 12 2021 exams. 

FAQs-CBSE Class 12 Economics Chapter Wise Notes PDF Download 

Q1. Where can I download PDFs of chapter wise notes of class 12 Macroeconomics?

Ans. Get the complete Macroeconomics notes at CA Wizard.

Q2. Where can I download PDFs of chapter wise notes of class 12 Indian economic development?

Ans. Get the complete Indian Economics Development notes at CA Wizard.

Q3. What is the change in the CBSE class 12 Economics Syllabus?  

Ans. CBSE has reduced 30% of the Class 12 Economics Syllabus for 2021. Visit the above links to get the new syllabus.

Q4. What will be the level of Economics exam 2021 of the CBSE board?

Ans. CBSE will keep the difficulty level at moderate. However, the exam pattern is already made easier, as you can see in the sample papers. 

Q5. What are the important questions of the CBSE Economics class 12 paper?

Ans. See the chapter wise notes and sample papers given on CA Wizard for all the important questions. 

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