Maharashtra HSC Economics Syllabus 2024-25: Check Maharashtra Class 12 Economics Syllabus

Updated On: July 11, 2024 11:59 AM

Maharashtra HSC Economics Syllabus 2024-25 is uploaded on the official website of the Maharashtra Board. The syllabus for Economics is divided into two parts to be studied thoroughly by the students.

Table of Contents

About Maharashtra HSC Economics Syllabus 2024-25
Maharashtra HSC Economics Syllabus 2024-25 Download PDF
Maharashtra HSC Economics Syllabus 2024-25: Units
Maharashtra HSC Economics Syllabus 2024-25 Internal Assessment
Maharashtra HSC Economics Books 2024-25
Preparing For Maharashtra HSC Economics Paper 2024-25
Faqs

Maharashtra HSC Economics Syllabus 2024-25

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About Maharashtra HSC Economics Syllabus 2024-25

Maharashtra State Board of Secondary And Higher Secondary Education uploads the syllabus on the official website to be checked by the students accordingly. The syllabus will consist the information about the units included in the curriculum. In Economics, the syllabus is divided into two parts. The theory paper in Economics will be conducted for 80 marks and the remaining marks will be provided for the practical session. In the practical exam, students will have to present an assignment according to the topics issued in the syllabus. Students need to study both microeconomics and macroeconomics to gain good marks in the results.

Students can also use Maharashtra HSC Economics Sample Paper 2024-25 to check the exam format and the commonly asked questions. To pass the board exams, students are required to get minimum passing marks separately in both theory and practical exams. A minimum of 35% marks are required for the students to be considered a “Pass”. Check out more information about the Maharashtra HSC Economics Syllabus 2024-25 here:

Also Read: Maharashtra HSC Economics Previous Year Question Paper

Maharashtra HSC Economics Syllabus 2024-25 Download PDF

Students can refer to the PDF of the Maharashtra HSC Economics Syllabus 2024-25 from the table given below and download it to prepare for the exam:

Maharashtra HSC Economics Syllabus 2024-25 PDF

Maharashtra HSC Economics Syllabus 2024-25: Units

Students can refer to the unit-wise Maharashtra HSC Economics Syllabus 2024-25 from the tables given below according to the different parts included in the curriculum:

Part A - Introductory Macroeconomics

Chapter	Topics
National Income and Related Aggregates	What is Macroeconomics? Basic concepts in macroeconomics: consumption goods, capital goods, final goods, intermediate goods; stocks and flows; gross investment and depreciation Circular flow of income (two-sector model) Methods of Calculating National Income - Value Added or Product method, Expenditure method, Income method Aggregates related to National Income: Gross National Product (GNP), Net National Product (NNP), Gross Domestic Product (GDP) and Net Domestic Product (NDP) - at market price, at factor cost; Real and Nominal GDP GDP and Welfare
Money and Banking	Money – meaning and functions, supply of money - Currency held by the public and net demand deposits held by commercial banks Money creation by the commercial banking system. The central bank and its functions (example of the Reserve Bank of India): Bank of Issue, Govt. Bank, Banker's Bank, Control of Credit through Bank Rate, CRR, SLR, Repo Rate and Reverse Repo Rate, Open Market Operations, Margin requirement.
Determination of Income and Employment	Aggregate demand and its components. Propensity to consume and propensity to save (average and marginal). Short-run equilibrium output; investment multiplier and its mechanism. Meaning of full employment and involuntary unemployment. Problems of excess demand and deficient demand; measures to correct them - changes in government spending, taxes and money supply.
Government Budget and the Economy	Government budget - meaning, objectives and components. Classification of receipts - revenue receipts and capital receipts; Classification of expenditure – revenue expenditure and capital expenditure. Balanced, Surplus and Deficit Budget – measures of government deficit.
Balance of Payments	Balance of payments account - meaning and components; Balance of payments – Surplus and Deficit Foreign exchange rate - meaning fixed and flexible rates and managed floating. Determination of exchange rate in a free market, Merits and demerits of the flexible and fixed exchange rate. Managed Floating exchange rate system

Part B - Indian Economic Development

Chapters	Topics
Development Experience (1947-90) and Economic Reforms since 1991	A brief introduction of the state of the Indian economy on the eve of independence. Indian economic system and common goals of Five Year Plans. Main features, problems and policies of agriculture (institutional aspects and new agricultural strategy), industry (IPR 1956; SSI – role & importance) and foreign trade. Economic Reforms since 1991: Features and appraisals of liberalisation, globalisation and privatisation (LPG policy); Concepts of Demonetization and GST
Current Challenges facing the Indian Economy	Human Capital Formation: How people become resource; Role of human capital in economic development; Growth of Education Sector in India Rural development: Key issues - credit and marketing - the role of cooperatives; agricultural diversification; alternative farming - organic farming Employment: Growth and changes in the workforce participation rate in formal and informal sectors; problems and policies Sustainable Economic Development: Meaning, Effects of Economic Development on Resources and Environment, including global warming
Development Experience of India	A comparison with neighbours: India and Pakistan, India and China Issues: economic growth, population, sectoral development and other Human Development Indicators

Also Read: Maharashtra HSC Time Table 2025

Maharashtra HSC Economics Syllabus 2024-25 Internal Assessment

For the internal assignment, students can choose one of the given topics to prepare their assignment on:

1) Visit any cottage industry and collect information about its income and expenses.
2) Visit some families and note down observations regarding how the utility of different commodities is subjective and relative.
3) Prepare a chart for Marginal Utility and Total Utility of any commodity consumed by you.
4) Comparative study of individual demand schedules of any one commodity of two families.
5) Visit a grocery shop and collect information about changes in demand and changes in price of wheat for the period of 5 months.
6) Visit retailers of any commodity & collect information about prices & supply.
7) Collect information about prices charged for toothpaste, bathing soap etc. by different firms under monopolistic competition.
8) An interview of an entrepreneur.
9) An interview of skilled and unskilled labour engaged in different sectors.
10) Survey of people using credit cards & debit cards.
11) Visit any Commercial Bank & collect information about its functioning.
12) Collect information on different Banking instruments like cheques, demand drafts, etc.
13) Collect information about E-Banking
14) Collect information about changes in the policies of the Reserve Bank of India.
15) Collect information on the current budget from the newspaper.

Also Read: Maharashtra HSC Result 2025

Maharashtra HSC Economics Books 2024-25

NCERT is one of the most important books that you need to complete to get a grasp of the concepts. Check the list of the latest books and side-books from the pointers given below:

ECONOMICS Std. TWELVE / Std. 12 (English Medium)
Std 12 Economics Book | Eco | SYJC Commerce and Arts Guide | Smart Notes
Std 12 Economics with Free Mini Master Pocket Book
12th Economics Book Maharashtra Board | SchoolChamp
HSC Economics Notes & Paper Solution for Maharashtra State Board Students
Introductory Macro Economics- 12 Latest Edition 2025
Samashti Arthshastra Ek Parichey Textbook Of Economics 2024-25
Std. 12 Master Key Economics (Mah. HSC Board)

Preparing For Maharashtra HSC Economics Paper 2024-25

Economics is a vast subject so the student will require some excellent tips and tricks to score good marks in the exam such as:

Make sure to understand the exam pattern and syllabus to plan your study sessions accordingly.
Allot more time for the units with the most weightage and complete them first so that you have enough time to revise them at the end of your preparation.
Try to focus on understanding graphs and other diagrams included in the curriculum so that you do not miss any extra marks.
Always clear your concepts before attempting model test papers. You can also pick up the previous year's question papers for revision.
Try to take care of your mental and physical well-being. Indulge in meditation and physical exercises to keep yourself healthy.

Students need to understand the Maharashtra HSC Economics Syllabus 2024-25 in detail to start the preparations for the exam. The latest curriculum PDF is uploaded on the official website of the Maharashtra State Board of Secondary And Higher Secondary Education to be downloaded by the students accordingly.

FAQs

How to download the Maharashtra HSC Economics Syllabus 2024-25?

To download the Maharashtra HSC Economics Syllabus 2024-25, go to the official website of the Maharashtra Board of Secondary And Higher Secondary Education at mahahsscboard.org. Now, click on the SYLLABUS & SUBJECTS option to download the syllabus.

What is the Maharashtra HSC Economics Syllabus 2024-25 for practicals?

Students will have to make an assignment for the practical exams according to the Maharashtra HSC Economics Syllabus 2024-25. They can communicate with their teachers to learn more about the topics assigned for the current academic year.

Is the Maharashtra HSC Economics Syllabus 2024-25 available in Marathi?

Maharashtra State Board of Secondary And Higher Secondary Education has released the Maharashtra HSC Economics Syllabus 2024-25 in English however students can take the help of their teachers to obtain the syllabus in their regional language.

Is the Maharashtra HSC Economics Syllabus 2024-25 out?

Students can download the Maharashtra HSC Economics Syllabus 2024-25 by visiting the official website of the Maharashtra Board of Secondary And Higher Secondary Education. Students can buy NCERT to complete their syllabus on time.

What is the Maharashtra HSC Economics Syllabus 2024-25?

Maharashtra HSC Economics Syllabus 2024-25 is divided into two parts. Students will have to study Microeconomics and Macroeconomics in detail to appear for the exam. Both parts will have a weightage of 40 marks.

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