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Best Books of Economics for Scoring 100% in Class 12 Board Examinations 2022


"Never spend your money before you have earned it"

This quote describes the management of money and it's importance. Economics is a branch of study that deals with all these money aspects like saving, banking, investment, currency, etc. Economics as a subject holds as much importance as any other subject holds in anyone's curriculum. It has a wide scope as a career aspect. 

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If you're a student of Class 12 CBSE and worried about your syllabus of economics and scoring good marks then you are at the right place!!. Although CBSE has cut down 30% of its syllabus since last year due to this ongoing COVID-19 Pandemic, you should study all the topics and chapters so that you can gain as much as possible knowledge if you see your future in Economics stream. And this deadly pandemic has forced CBSE to take the most critical decision in its history. CBSE board finally decided to cancel it's 12 boars examination for Academic Year 2020-21. It's the talk for another day. Now let's focus on syllabus of Economics of class 12 (For Session 2021-22) and which books to prefer for it.

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Let's begin with the latest syllabus for Economics class 12 (CBSE).

The entire syllabus is covered in two parts as follows:

PART A: INTRODUCTORY MACROECONOMICS 

  • UNIT 1: National Income and Related Aggregates 
  • UNIT 2: Money and Banking 
  • UNIT 3: Determination of Income and Employment 
  • UNIT 4: Government Budget and The Economy 
  • UNIT 5: Balance of Payments 

PART B: INDIAN ECONOMIC DEVELOPMENT

  • UNIT 6: Development Experience (1947-60) and Economic Reforms Since 1991
  • UNIT 7: Current Challenges Facing by the Indian Economy  
  • UNIT 8: Development Experience of India: A Comparison with Neighbours 
You have to study these 8 units in Economics Class 12 according to revised syllabus of CBSE.

Now let's discuss about the best available books.

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Books for Introductory Macroeconomics   

     

Most of the students find NCERT useless and rush for reference books. But so far as authenticity is concerned, NCERT is at the top. It is an undeniable fact that the language of NCERT Book is more complex to understand but if you go through the chapters and topic twice and thrice you can grasp the contents. 

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However its near to impossible to build the concepts of Macroeconomics from just NCERT due to the complex language of the book. So We suggest a reference book along with NCERT to you. Now, Which Reference Book to Study ? Let's clear it too.

There are lots of books available for Macroeconomics by different authors and publishers like All in One, Sandeep Garg, VK Ohri & TR Jain and many others. But the best book to go for is Sandeep Garg. Yes! You heard it right, if you have Sandeep Garg then you don't need any other book. It contains the most relevant information in a very simplistic manner. It covers all the important topics and chapters related to topic. 

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It provides various exercises apart from its theory like, MCQs, Assessment Questions, H.O.T.S, and power booster which enhance your knowledge. It also provides model test papers for your practice so that you can score good marks. So Sandeep Garg is a complete package itself. 

  


Books for Indian Economic Development


There are total 4 units in the  revised syllabus for Indian economic development. Indian Economic Development basically deals with India's economy since independence and the gradual changes that have been coming from 1950s till now. So it deals with facts and figures from the history. And I've already mentioned that NCERT is the best book as it has the most authentic facts and figures and relevant information related to topics. So one must go for NCERT without even a second thought if it is INDIAN ECONOMIC DEVELOPMENT. Most of its part it theoretical and NCERT covers it in a very easy and simple manner. 




There's no point for looking any reference book for Indian Economic Development. But if you still have the time and covered your NCERT, then BL Gupta is the highly recommended book you can go for. It provides simplified theory in a comprehensive manner which is a key to score high in the exams.

In Concluding words, Sandeep Garg (For Macroeconomics) + BL Gupta (For Indian Economic Development) is the perfect and best combination of Refreshers for Class 12 Economics.

  

All the above information is based on personal experience of eminent students and it's ok if you don't go with this. Every person has its own opinion and with due respect to all the available books no book is less or more. Every book gives us bulk of information, it only depends on us some people has better understanding and grasp the contents and some need reference books. 

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