UP Board Class 12 Economics Syllabus for 2022-23

Economics is one of the most prominent subjects students are required to study. It allows people to understand about the businesses , markets and governments, and therefore better threat perception gets developed among economists. 

The syllabus for CBSE Class 12 is believed to be the most challenging among other Board syllabi. Due to the COVID situation prevalent since 2019, UP Board has made several changes in their syllabus and paper pattern. 

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

Reduced Syllabus for 2022-23 Academic Session

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

Economics 2022-23 Reduced Syllabus
Units Chapter Names Marks
Part-A: Microeconomics
1 Introduction to Macroeconomics 04
2 Consumer Equilibrium & Demand 18
3 Producer Behaviour and Supply 18
4 Forms of Market and Price Distribution 10
Part-B: Macroeconomics
1 National Income and Related Aggregates 12
2 Money and Banking 08
3 Determination of Income and Employment 14
4 Government Budget and Economy 08
5 Balance of Payments 08


Unit 1: Introduction

  • Meaning of microeconomics and macroeconomics
  • What is an economy?
  • Central problems of an economy: what, how and for whom to produce
  • Concepts of production possibility frontier and opportunity cost

Unit 2: Consumer Equilibrium and Demand

  • Consumer's equilibrium
  • Indifference curve analysis of consumer's equilibrium
  • Demand
  • Measurement of price elasticity of demand

Unit 3: Producer Behaviour and Supply

  • Production function
  • Total Product
  • Cost and Revenue
  • Revenue
  • Producer's equilibrium
  • Supply
  • Measurement of price elasticity of supply

Unit 4: Forms of Market and Price Determination

  • Perfect competition
  • Other Market Forms
  • Simple Applications of Demand and Supply


Unit 5: National Income and related aggregates

  • Some basic concepts
  • Circular flow of income
  • Methods of calculating National Income
  • Aggregates related to National Income
  • Gross and Net Domestic Product (GDP and NDP)

Unit 6: Money and Banking

  • Money - its meaning and functions
  • Supply of money
  • Money creation by the commercial banking system
  • Central bank and its functions (example of the Reserve Bank of India)

Unit 7: Determination of Income and Employment

  • Aggregate demand and its components
  • Propensity to consume and propensity to save (average and marginal)
  • Short–run equilibrium output
  • Meaning of full employment and involuntary unemployment
  • Problems of excess demand and deficient demand −

Unit 8: Government Budget and the Economy

  • Government budget
  • Classification of receipts
  • Classification of expenditure
  • Measures of government deficit

Unit 9: Balance of Payments

  • Balance of payments account
  • Foreign exchange rate
  • Determination of exchange rate in a free market

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