ISC 12th Economics 2023 Chapter wise Weightage and Important Topics

Updated On: December 30, 2022 12:17 pm IST

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.

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

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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