ISC Class 12 Economics Syllabus 2025-26: FREE PDF Download

ISC Class 12 Syllabus 2025-26: The Council for Indian School Certificate Examinations has released the revised syllabus for ISC board class 12th Economics for the academic session 2025-26. Students can check this article and download the syllabus PDF here.

Jun 25, 2025, 17:42 IST

ISC Class 12 Economics Syllabus 2025-26: As the new academic session is ongoing, many boards have released their revised syllabus for 2025-26. The ISC board is also one of them. It has made the syllabus available for classes 9th to 12th. If the students want to check the Class 12th Economics syllabus, they can refer to this article. With the help of the syllabus, students can know about the assessment types, evaluation scheme, topics and chapters to be covered, chapter-wise marks distribution, and more. Not only this, the curriculum is prepared in a way that ensures the development of effective communication skills, provides students with vast practical experiences, thus promoting practical learning at the school level, and provides holistic education to students. Check the full syllabus here.

ISC Class 12 Economics Syllabus 2025-26: Aims Of The Course

The aims of the ISC board class 12th Economics syllabus are as follows:

1. To enable candidates to acquire knowledge (information) and develop an understanding of facts, terms, concepts, conventions, trends, principles, generalisations, assumptions, hypotheses, problems, processes, etc. in Economics.

2. To acquaint candidates with the tools of economic analysis.

3. To develop an understanding of important economic problems.

4. To acquaint candidates with the main institutions through which the productive process is carried out.

5. To develop an understanding of the role of institutions in the functioning of an economy.

6. To enable candidates to compare their economic structure with that of other areas of the world.

ISC Class 12 Economics Syllabus 2025-26: Detailed Structure

Check the detailed ISC Class 12 Economics Syllabus 2025 from the table below and know about the topics to be covered for the new academic year.

Microeconomic Theory

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. Law of Diminishing Marginal Utility, Law of Equimarginal Utility, consumer’s equilibrium through utility approach (Cardinal) and indifference curve analysis (Ordinal).
Elasticity of demand: meaning, types of elasticity of demand, measurement of elasticity of demand, factors affecting elasticity of demand
Supply: meaning, difference between stock and supply, determinants of supply, Law of Supply, movement and shift of the supply curve, elasticity of supply
Market Mechanism: Equilibrium and disequilibrium; Equilibrium price and effect of changes in demand and supply on the equilibrium price. Simple applications of the tools of demand and supply
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
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
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.

Theory of Income and Employment: Basic concepts and determination of Income and Employment

Money and Banking

Money: meaning, functions of money, supply of money
Banks: functions of commercial bank; high-powered money, credit creation by commercial banks; Central Bank: functions.

Balance of Payment and Exchange Rate Balance of Payment – meaning, components; foreign exchange – meaning, determination of exchange rate (Flexible).

Public Finance

Fiscal Policy: meaning and instruments of fiscal policy.
Government Budget: meaning, types and components.

National Income

Circular flow of Income- A simple model explaining the circular flow of income with two, three and four sector models with leakages and injections.
Concepts and definition of NY, GNP, GDP, NNP, private income, personal income, personal disposable income, National Disposable Income and per capita income; relationship between the income concepts
Methods of measuring National Income: product or value-added method, income method, and expenditure method, with simple numericals based on them

The syllabus is available here, but if you need the detailed syllabus with proper insights, you can download it from the link provided below for free.

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