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ISC Class 12 Economics Syllabus 2024-25: The Council of the Indian School Certificate Examination has released the syllabus on the official website. The Economics syllabus is divided into two parts - Microeconomics and Macroeconomics. Each of the books consists of questions worth 40 marks. In addition, there will be a practical exam of 20 marks. Students should pay equal attention to both the parts. Microeconomics includes 7 topics and Macroeconomics includes 5 topics. In the syllabus, students can check the marks for each of the topics and pay more attention to the topics with higher marks.
The students preparing for the ISC Class 12 exams can go through the syllabus in detail here. The article includes all the information about the Economics syllabus 2024-25.
Also Read - ISC Class 12 Syllabus 2025
ISC Class 12 Economics Syllabus 2024-25 PDF
Students can download the PDF of the ISC Class 12 Economics Syllabus 2024-25 from the direct link given below:
| ISC Class 12 Economics Syllabus 2024-25 PDF |
|---|
ISC Class 12 Economics Course Structure
ISC Class 12 Economics Syllabus 2024-25 is divided into 2 parts - Microeconomics and Macroeconomics.
Microeconomics
- Demand
- Elasticity of Demand
- Supply
- Market Mechanism
- Concepts of Production
- Cost and Revenue
- Main Market Forms and Equilibrium of a Firm
Macroeconomics
- Theory of Income and Employment
- Money and Banking
- Balance of Payment and Exchange Rate
- Public Finance
- National Income
ISC Class 12 Economics Syllabus 2024-25
Students can check the details syllabus for Economics subject from the table given below and start their preparations for the ISC Class 12 Board Exams 2025:
UNIT | Sub Unit | Marks |
|---|---|---|
1. Micro Economic Theory | (i) Demand: meaning, factors affecting demand; Demand function; Law of Demand; derivation of demand curve; movement and shift of the demand curve; exceptions to the Law of Demand (ii) Elasticity of demand: meaning, types of elasticity of demand, measurement of elasticity of demand; factors affecting elasticity of demand. (iii) Supply: meaning; difference between stock and supply; determinants of supply; Law of Supply; movement and shift of the supply curve; elasticity of supply. | 16 Marks |
(iv) Market Mechanism: Equilibrium and disequilibrium; Equilibrium price and effect of changes in demand and supply on the equilibrium price. Simple applications of tools of demand and supply. (v) Concept of production and production Function: : (short run and long run production function), returns to a factor, returns to scale (meaning only) total, average and marginal physical products; Law of Variable Proportions and its three stages (vi) Cost and revenue: Basic concepts of cost; fixed cost, variable cost, total cost, marginal cost, and average cost – their relationships; opportunity cost; short-run and long-run cost curves. Revenue: meaning; average revenue, marginal revenue, and total revenue and their relationships under perfect competition and imperfect competition, Producer’s equilibrium. | 12 Marks | |
(vii) Main market forms: perfect competition, monopolistic competition, oligopoly, monopoly, monopsony; characteristics of the various market forms; equilibrium of a firm in perfect competition under short run and long run. | 12 Marks | |
2. Theory of Income and Employment | Basic concepts and determination of Income and Employment | 8 Marks |
3. Money and Banking | (i) Money: meaning, functions of money, supply of money. (ii) Banks: functions of the commercial bank; high powered money, credit creation by commercial banks; Central Bank: functions. | 8 Marks |
4. Balance of Payment and Exchange Rate | Balance of Payment – meaning, components; foreign exchange – meaning, determination of exchange rate (Flexible). | 6 Marks |
5. Public Finance | (i) Fiscal Policy: meaning and instruments of fiscal policy. (ii) Government Budget: meaning, types and components. | 6 Marks |
6. National Income | (i) Circular flow of Income. (ii) Concepts and definition of NY, GNP, GDP, NNP, etc. (iii)Methods of measuring National Income: product or value-added method; | 12 Marks |
PAPER II - PROJECT WORK (Two projects from any topic covered in Theory) | 20 | |
TOTAL | 100 | |
ISC Class 12 Economics Practical
ISC Class 12 Economics is divided into theory and practical exams. 20 marks are reserved for practical exam. The students will have to prepare for 2 projects, each of which will carry 10 marks. One project will be checked by the subject faculty and the other project will be checked by the external faculty. The marks will be distributed for various factors. Check the tabe below to understand the bifurcation of marks.
Overall Format | 1 mark |
|---|---|
Content | 4 marks |
Findings | 2 marks |
Viva-voce based on the project | 3 marks |
How To Download ISC Class 12 Economics Syllabus 2024-25?
There is a very easy procedure through which the students can download the ISC Class 12 Economics Syllabus 2024-25. Check the sample procedure from the pointers given below:
- Step 1: You will first have to visit the official website of CISC at cisc.org
- Step 2: On the homepage, you have to click on the Examinations option present on the menu bar.
- Step 3: From the drop-down menu, click on ISC Examination.
- Step 4: On the new page, you have to scroll down and click on Regulations And Syllabuses.
- Step 5: Now, click on the option called Regulations And Syllabus - ISC 2025
- Step 6: The list of syllabi will open on your screen. You have to click on Economics to download the PDF.
ISC Class 12 Economics Books
Following is the list of recommended books for Economics.
- Understanding I.S.C. Economics Class- XII. B.L. Gupta
- Frank ISC Economics for Class 12 (Revised According to the Syllabus for and after the year 2025) DK Sethi.
- T.S. Grewal's Double Entry Book Keeping (Section A): Textbook for ISC Class 12 (2024-25 Examination) T.S. Grewal.
- Frank ISC Economics for Class 12 (Revised According to the Syllabus for and after the year 2025)
ISC Class 12 Economics Preparation Tips
Go through the Syllabus in Detail - Students should first check the list of topics included in the Marcoeconomics and Microeconomics. They can divide the syllabus into different sections and specify a time limit for each of them. In this way, they can easily complete the syllabus.
Make notes for important topics - Students should note down all the important topics mentioned in the syllabus.These notes will help them to learn and revise the syllabus quickly before the exam. It will be easy for them to remember the key points, important formulae, terminologies, and definitions.
Make a strategy for long questions - While attempting long questions, students should prepare a strategy that helps them to add all key points in the answer and provide clear concepts. Students can present the answers in bullet points to make it presentable.
Solve previous year question papers - After completing the syllabus, students can start solving questions from the ISC Class 12 Previous Year Question Paper . Through questions, students can understand the level of preparation. The students will get an idea about the marks allotted to each of the questions. This will give them an idea to attempt questions correctly.
Prepare a study routine and follow it
- Analyzing their pace, students can prepare a study plan. They should achieve the daily targets, which will enable them to complete the syllabus in advance. Moreover, it will boost their confidence to perform better in the board exams.
Also Read -
ISC 12th Preparation Tips 2025
ISC Class 12 Economics Syllabus 2024-25 is listed on the official website of CISCE to be downloaded by the students. Download the PDF to start your preparations.
