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ISC Class 12 Economics Syllabus 2023-24: The Council of the Indian School Certificate Examination has released the syllabus for the academic year 2024 on the official website. The economics paper will be for 80 marks. Students will be given three hours to complete the theory paper. 20 marks will be provided for project work. In theory paper, 20 marks will be alloted for part 1 and 60 marks will be allotted for part 2. Part 1 will consist of compulsory short answer questions and part 2 will consist of 8 questions out of which, the candidates are required to answer 5 questions. In part 2, each question will carry 12 marks.
ISC 12th Board Exams 2024 will be conducted in February tentatively. Students can check out more information about the ISC Class 12 Economics Syllabus 2023-24 from the details given below:
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ISC Class 12 Economics Syllabus 2023-24 PDF
Students can download the PDF of the ISC Class 12 Economics Syllabus 2023-24 from the direct link given below:
| ISC Class 12 Economics Syllabus 2023-24 PDF |
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How To Download ISC Class 12 Economics Syllabus 2023-24?
There is a very easy procedure through which the students can download the ISC Class 12 Economics Syllabus 2023-24. 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 2024
- 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 Syllabus 2023-24
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 2024:
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 Syllabus 2023-24 is listed on the official website of CISCE to be downloaded by the students. Download the PDF to start your preparations.
