Study Tips to Prepare for Economics Exam

Books to be Followed

  • Treat NCERT books like the Bible as they are according to the syllabus and are prescribed by CBSE. CBSE board exams are entirely based on the prescribed syllabus.
  • Various reference books are also available in the market which can be referred for more information.
  • Some renowned economics reference books for Class 12th are T.S. Grewal, T.R. Jain and V K Ohri, and C. B. Sachdeva.
  • Students can also refer to BYJU’S commerce books to achieve a 100% mark target.

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Definitions and Meanings

  • Definitions are to be understood properly with the logic and reasoning behind the concept.
  • To get full marks, you need to memorise the definitions after understanding them so that you can write them properly in the exam.

Distinguish between Questions

  • There are a lot of differences between the questions that are to be written in a tabular form.
  • Do not forget to show the basis for differences.

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Graphs, tables, and formulas are very important

  • The theories of economics are supported by tabular and graphical representations along with the formulas which help us to understand the concepts in an easy manner.
  • You should regularly practice drawing graphs so that you can learn to draw the correct shapes of various curves. Use a pencil for this purpose.
  • Tables are very important and they include calculations as well as the application of formulas. You should practice them along with graphs.
  • You should NOT mug up the formulas. Instead, you should understand their derivation and application. Once you understand the formulas, prepare a chapter-wise formula sheet and revise them regularly.
  • Special focus has to be given while practicing tables and graphs.


  • Numerical questions are very important for both micro and macroeconomics.
  • A lot of questions are asked in the exam from chapters like the elasticity of demand and supply, revenues and costs, national income, etc.
  • Practicing them on a regular basis is a must for students.


  • You should make your own chapter-wise notes.
  • Mark the concepts that you find difficult to understand with red colour.
  • If you get stuck while solving questions, you should note those typical points for revisions. It will help you in the exams.


  • Bring together all your notes, practice registers, and formula sheets and start revising as a proper revision is the key for success in any exam.
  • Allocate the time available between all the chapters and start solving those questions that you found difficult while practicing.
  • Also revise the concepts that you found hard to understand and marked earlier.

Practice from Past Years’ Papers

  • Solving past years’ examination papers is the key to success to every topper, provided that it is done keeping the time in mind.
  • Get a past years’ paper, set your clock, and solve that paper within three hours.
  • This practice will help you to manage your time effectively during the examination.
  • This practice also gives you an idea about the pattern of questions, typology, and methodology of how examiners set the question papers.

Solving Sample Papers is a Great Idea

  • Solving sample papers gives a great chance to evaluate your level of understanding of the subject.
  • There are a lot of sample papers available in the market from different publishers.
  • Do not forget to solve BYJU’S Economics Sample Papers for Class 12th.

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