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ISC 12th Economics 2023 Chapter wise Weightage and Important Topics

Check out the ISC class 12 Economics chapter wise weightage and important topics here. CISCE will very soon release the ISC 12th exam dates 2023 at the official website.

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The Council for the Indian School Certificate Examinations (CISCE) has released the ISC class 12 exam dates at the official website, cisce.org. The Board has already released the ISC 12th subject wise syllabus and exam pattern for 2023. The candidates can refer the same before appearing for the ISC 12th exam 2023. ISC 12th Economics paper will be conducted in the offline mode (pen and paper based test). Total allotted marks of ISC class 12 Economics paper will be 100; whereas the marks distribution of the theory and the project work is 80 marks and 20 marks. The time duration of the ISC 12th Economics paper is 3 hours.

Also Read | ISC Class 12 Exam Date Sheet 2023

ISC 12th Economics 2023 Chapter wise Weightage

As per the syllabus released by ISC 12th Economics 2023, total weightage of the Microeconomics and Macroeconomics section is 40 marks each. The candidates can check the ISC 12th Economics 2023 chapter wise weightage here in the given table-

Name of the Chapters

Total Weightage

Microeconomic Theory

Demand

16 marks

Elasticity of Demand

Supply

Market Mechanism

12 marks

Concepts of Production

Cost and Revenue

Main Market Forms and Equilibrium of a firm

12 marks

Macroeconomic Theory

Theory of Income and Employment

8 marks

Money and Banking

8 marks

Balance of Payments and Exchange Rate

6 marks

Public Finance

6 marks

National Income

12 marks

Total

80 marks

Also Read | 

ISC Class 12 Physics Weightage 2023
ISC Class 12 Chemistry Weightage 2023
ISC Class 12 Mathematics Weightage 2023
ISC Class 12 Business Studies Weightage 2023
ISC Class 12 Biology Weightage 2023
ISC Previous Year Question Paper Mathematics PDF

ISC 12th Economics 2023: Important Topics

Go though the chapter wise important topics of ISC 12th Economics 2023 here in the given section-

Chapter Name

Important Topics

Demand

  • Concept of demand
  • Cardinal Utility Analysis
  • Ordinal Utility Analysis

Elasticity of Demand

  • Various Methods of Measurement of the Elasticity of Demand
  • The cross and income elasticity of demand

Supply

  • Difference between stock and supply
  • Law of Supply
  • Elasticity of Supply

Market Mechanism

  • Equilibrium and disequilibrium
  • Basic understanding of Price control
  • Simple applications of tools of demand and supply

Concepts of Production 

  • Concept of production and production function
  • Law of Variable Proportion
  • Diagram and explanation to the three stages

Cost and Revenue

  • Basic concepts of cost- Fixed cost, variable cost etc
  • Revenue- Average revenue, marginal revenue, total revenue

Main market forms and Equilibrium of a firm Perfect competition

  • Monopolistic competition
  • Oligopoly
  • Monopoly
  • Monopsony

Theory of Income and Employment

  • The concept of demand (exante) and effective (expost) demand
  • Problems of excess demand and deficient demand
  • Investment multiplier

Money and Banking

  • Money
  • Functions of money
  • Inflation: meaning, demand pull and cost push

Balance of Payment and Exchange Rate

  • Balance of Payment 
  • Causes of disequilibrium 
  • Concepts of depreciation

Public Finance 

  • Meaning and instruments of fiscal policy
  • Difference between direct and indirect taxes
  • Public Revenue

National Income 

  • Circular flow of Income
  • Concepts and definition of NY, GNP, GDP, NNP
  • Methods of measuring National Income

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