Class 12 Macroeconomics can feel like a difficult and dry subject. For this reason, many students end up feeling frightened about it. As you know, macroeconomics is the study of economics at a large scale. It deals with the national economy as a whole. This can be a fascinating as well as highly scoring subject if you follow the correct approach.
You will find 10 key strategy points to keep in mind while preparing for Class 12 Macroeconomics that will not only improve your exam performance by volume but also increase your interest in the subject and make it fun to learn.
- Syllabus Overview:
This point holds for any subject that you intend to study. You must understand the entire syllabus as a whole. You must know the important topics, the weightage, easily scoring topics, etc. Class 12 Macroeconomics textbook contains 6 chapters in total. Of these 6 chapters. Determination Of Income And Employment is the most important chapter which carries the highest weightage in the exam. Several important topics like “Aggregate Demand and its Components” (along with its diagrams), Equilibrium, etc must be prepared efficiently. You will get many reasoning, as well as differentiating questions, from this chapter. You must also practice a ton of numericals from this chapter. Following that, the chapter of “National Income Accounting” is another highly important chapter wherein “Circular Flow” is an important topic along with the numericals. You can then turn your focus to Money and Banking and Government Budget. Balance of Payments should also be given due consideration.
If you download the official CBSE syllabus, you will find important information regarding the chapters’ weightage and their important topics. Another advantage is you can find the topics that have been deleted so that you can skip them and save valuable time.
- Know your resources:
Another thing which confuses the students is from which sources should they study mainly. As with all the Class 12 subjects, the main recommended text is the NCERT textbook. However, for Class 12 Macroeconomics, Sandeep Garg’s Macroeconomics textbook is highly preferred by teachers and toppers alike. You can even look for Class 12 Sandeep Garg Macroeconomics Solutions online so that you know the ideal solutions for the questions found in this book. Other important resources are your revision notes, manual of all the important questions, sample papers, and previous years’ questions. If you prepare from these resources well, your score in Macroeconomics will soar high.
- Make a feasible plan:
Since there is a lot of memorization as well as practice required for Class 12 Macroeconomics, make sure that you make a smart study schedule. This schedule should be such that it covers the syllabus well ahead of exams, provides you a good enough time to solve numericals from reference books, practice sample papers, and past papers as well revise the entire syllabus thoroughly. Keep your routine in mind and make a plan that is practical to follow.
- Break it up:
Break your syllabus into different parts. Make sure you cover the important chapters like Determination of Income and Employment and National Income Accounting at the earliest. Get these chapters out of the way at the beginning itself so you get enough time for their revision as well as numerical question practice. Make a weekly schedule and alternate different topics each week. Come back to the already learned topics again and keep on adding new information as you cover more syllabus. You can even try to experiment by learning a difficult topic in between two easier ones. Experiment and see what works best for you. Take care not to study a difficult topic for 3-4 hours straight. You would not be able to focus well and the study session won’t prove beneficial
- Prepare notes:
Making notes for any subject is extremely beneficial. As macroeconomics is a vast subject, revision notes will help you immensely. You will get a lot of reasoning as well as differentiating questions in macroeconomics. So look for these points when making notes. You can make flow charts for reasoning questions and tables containing all the notes about differences between various concepts.
- Relate, don’t cram!
The reason why students find economics tedious is that they do not apply the concepts learned to their surroundings. If you read a newspaper or switch on the television, you will come across daily news on macroeconomics. Take interest in the current state of the nation’s economy. Relate this to the topics you have learned in your textbook. This will not only make economics more interesting for you but also applying this knowledge will strengthen your core concepts of the subject. Consequently, you can write well-informed answers in the exam.
- Practice numerical questions:
You can use your main coursebook as well as Sandeep Garg Macroeconomics to strengthen your theory. For the numerical questions try to get as much practice as you can from a variety of sources. You can find question banks, mock papers, and sample papers online. Use the ones that provide detailed solutions so you can check your answers. Use the solutions only after you attempt the questions yourself and come to a solution. Do not refer to these solutions before trying to solve them yourself.
- Past papers:
Past papers are an essential part of exam preparation for any subject. You get a chance to understand the exam pattern, the question structure, important questions, etc. If you solve the previous years’ question papers seriously you will also be able to get an idea about where you currently stand in your preparation. Aim to solve at least two past papers every week. Make sure that you solve them without any interruption. Set a timer and solve the paper with complete answers on the answer sheet. This gives you an idea about what you need to improve for the main exam. Also when you are done with the revision, try to solve the preboards papers to see if you have improved comparatively or not.
- Revise deeply:
Revision cannot be taken lightly. There is no point in studying hard if you cannot give time to in-depth revision. This means that you have at least over a month to go through each topic scrupulously. You should also do a lot of written practice of theory, numerical questions, and diagrams during this period. Test analysis should be an integral part of your revision. Examine yourself with past papers and analyze your performance closely.
- Prepare an exam strategy:
Make sure that you know beforehand what exactly you are going to do in the exam. Keep a checklist so that you do not forget. Here is a checklist that we have made for you:
- Make use of the time given to read the question paper well. Have an idea about what you are going to write for each answer and which questions are you going to begin first.
- The neatness of the paper is equally important as the content of the answers.
- Underline the keywords.
- Write the differences in tabular forms.
- Try to draw diagrams in relevant questions even if not asked.
- Write in bullet points and not in crowded paragraphs.
- Review the paper twice.
Macroeconomics can help you get a really good final score in the CBSE Class 12 Board exams. If you give the preparation and revision proper time and effort, your score is inevitably going to improve. Keep the above-mentioned tips in mind and you will see the results.