ISC Class 12 Economics Reduced Syllabus

ISC Class 12 syllabus is a detailed set of content that covers all the topics taught in previous classes in a deeper way, which also makes it more extensive and tougher to cover for some students. The first step for any student to prepare for ISC Board exams is to have a clear understanding of the syllabus.

By studying Economics you understand how the world works which we live in, you increase your career opportunities, gain a unique pool of knowledge that helps you in your life throughout.

In this page, we have provided direct and free access to the Revised Class 12 Economics Syllabus PDF for 2022-23 session.

Reduced Syllabus for 2022-23 Academic Session

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In the table given below, we have also provided the Revised Syllabus for 2022-23 session

Business Studies 2022-23 REVISED SYLLABUS

UNIT Sub Unit Marks
1. Micro Economic Theory (i) Demand: meaning, factors affecting demand; Demand function; Law of Demand etc.
(ii) Elasticity of demand: meaning, types of
elasticity of demand, measurement of
elasticity of demand etc.
(iii) Supply: meaning; difference between stockand supply; determinants of supply etc.
(iv) Market Mechanism: Equilibrium and
disequilibrium etc.
(v) Concept of production and production
(vi) Cost and revenue: Basic concepts of cost; fixed cost, variable cost,etc.
(vii) Main market forms: perfect competition, monopolistic competition, oligopolye, etc.
2. Theory of Income and Employment Basic concepts and determination of Income and
3. Money and Banking (i) Money: meaning, functions of money, supply of money.
(ii) Banks: functions of commercial bank; high powered money, credit creation by
commercial banks;Central Bank: functions.
4. Balance of Payment and Exchange Rate Balance of Payment – meaning, components; foreign exchange – meaning, determination of exchange rate (Flexible).
5. Public Finance (i) Fiscal Policy: meaning and instruments of fiscal policy.
(ii) Government Budget: meaning, types and components.
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;
(Two projects from any topic covered in Theory)

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