January 6th, 2022 | Updated on August 5th, 2022
Economics is the fundamental concept regulating the handling and use of money, and it plays an essential role in development.
The economics of any nation or corporation determines its growth and fall, which eventually affects the citizens of that country or the members of that particular organization.
The knowledge provided in NCERT CBSE Class 12 Economics comprises all of the key portions that demand the students’ attention and facts that they should be aware of.
Macroeconomics is the study of the aggregate effect of these households and companies, as well as how these aggregate effects influence individual households and firms.
The gross domestic product (GDP), economic production, employment, and inflation are the key components of macroeconomics.
Here’s an in-depth explanation of how to create macroeconomics notes for class 12 and how to prepare for the exam. But first, let’s understand why to take notes for Economics class 12.
A Brief Introduction To Macroeconomics Class 12
The second aspect, macroeconomics, is concerned with large-scale economic variables such as government and national productivity.
Macroeconomics is the most important chapter in Economics, ranking first between micro and macroeconomics. This topic focuses on an economy’s decision-making, structure, behavior, and overall performance.
Macroeconomics should be thoroughly studied and updated in Economics Class 12 to achieve high marks in the board test.
Most students struggle with this topic because they lack adequate chapter-by-chapter Macroeconomics notes. Furthermore, most students are concerned about how to write macroeconomics notes.
Why Are The Notes Important For Class 12 Economics?
When your Economics test arrives, there’s only one life- redeemer that helps indeed better than handbooks – your own Economics Notes; the scrawls that you either rashly made in your notepad when the schoolteacher explained the dd-ss frame, slide after slide, at a super-fast pace, or the ones that you precisely took down, blending the schoolteacher’s inputs with your comprehensive understanding of the content. These sounds, believe it or not, set you out from the crowd.
Economics, as a study, needs reference reading, which is best communicated through personal notes. The study material remains consistent, more or less, but the additional points that you write offer you an edge over other response scripts that do nothing except add to the boredom of the paper checker’s life.
As a result, to make a point, note-taking is not something that has sprung out of nowhere. It is a really useful art form.
8 Things To Keep In Mind When Taking Macroeconomics Notes
- One Word At A Moment:
No one can recall everything that the teacher says in class. As a result, jotting down keywords might be useful during talks. There are several graphs and charts in macroeconomics, each with its own set of explanations, marks, and demarcations. A basic sketch of the chart with the appropriate labels may go a long way. Economics has lots of jargon, therefore writing them down is also beneficial.
- Don’t Go Overboard With The Words And Images:
Notes are highly personal, and everyone’s approach to taking notes will be different and unique. Attempting to beautify the words and write them in a highly sophisticated manner not only contradicts the objective of taking notes but also confuses you when you begin reading them. The terminology utilized and the arrangement should be designed in such a way that they work as a catalyst for improved retention and comprehension. Always remember, these notes are for you to make your studies easier, not for anyone else.
- Try To Recall What You Have Previously Noted:
Time is valuable, and to preserve it, you must be diligent when taking notes. Going in circles, or repeating the same thing over and again, not only wastes time but also creates problems when you study them.
- Write Only What Is Important:
Everything is not worth noting down. There are moments when the lecturer repeats himself or herself, or there are irrelevant things. Making a mental note will not help. So exclude whatever you can to keep your notes concise, clear, and feasible.
- Do Not Rely Solely On The Content Presented In Class Or Prescribed Materials:
It is acceptable to go a bit ahead once in a while. Rather than relying exclusively on class lectures, you should spend some time in the library and prepare good notes. It improves your Economics notes and helps you improve your comprehension of the subject. Sandeep Garg Macroeconomics Solutions Class 12 is rated as the most useful by students and is seen to be extremely engaging owing to its pictures and examination-related questions. A little study, analysis, and time management have always been at the heart of not only economics as a subject but also success.
- Keep A Separate Handbook For Your Notes:
Many people have the habit of scribbling notes on scraps of paper that vanish after a day or two. Keeping a thin copy of all your notes not only allows for better compilation but also assists in revision. It saves time because all of your tips are in one location.
- Always Have A Supplementary Graph Or Table To Further Highlight The Idea:
It is never just about words. The visual depiction, to a significant part, not only makes the job appealing but also tends to increase retention. However, this does not imply that you must make it seem spectacular. It must be written in such a way that it conveys the message clearly and concisely.
- Show Some Creativity:
Make your own lingo when taking Economics notes. Use a star (*) to indicate something significant. For something that has to be revised, use a hash (#). Use a bracket () to indicate places that you need to review and spend effort on. These symbols are intended to help you categorize all of the content practically and appropriately based on your level of readiness.
After you’ve grasped the ideas and taken notes, it’s time to put your knowledge and comprehension to the test.
This may be accomplished by solving sample papers and previous year papers, which will provide you with a sense of the paper pattern.
Economics is a synthesis of theory and numbers. You should practice writing for the theory section to improve your writing abilities.
Practice as much numerical as you can for the numerical section. Simply concentrate and learn thoroughly. Best wishes!