CISCE Class 12 Economics Syllabus - Free PDF Download
CISCE Syllabus 2026-27 Class 12: The CISCE Class 12 Economics Syllabus for the examination year 2026-27 has been released by the Council for the Indian School Certificate Examinations, CISCE. The board will hold the final examination at the end of the year following the annual assessment scheme, which has led to the release of the syllabus. The 2026-27 CISCE Class 12 Economics Board Exam will entirely be based on the most recent syllabus. Therefore, students must thoroughly understand the new CISCE syllabus to prepare for their annual exam properly.
The detailed CISCE Class 12 Economics Syllabus for 2026-27 is below.
Academic year:
CISCE Class 12 Economics Revised Syllabus
CISCE Class 12 Economics Course Structure 2026-27 With Marking Scheme
| # | Unit/Topic | Marks | Marks with options |
|---|---|---|---|
| 1 | Microeconomic Theory | 40 | |
| 1 | Demand | ||
| 2 | Elasticity of Demand | ||
| 3 | Supply | ||
| 4 | Market Mechanism | ||
| 5 | Concepts of Production | ||
| 6 | Cost and Revenue | ||
| 7 | Main Market Forms and Equilibrium of a Firm | ||
| 🞽 | Macroeconomics | - | - |
| 2 | Theory of Income and Employment | 8 | |
| 3 | Money and Banking | 8 | |
| 4 | Balance of Payments and Exchange Rate | 6 | |
| 5 | Public Finance | 6 | |
| 6 | National Income | 12 | |
| Total | - | - |
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Syllabus
1: Microeconomic Theory [Revision]
CISCE Class 12 Economics Syllabus
1 Demand [Revision]
- Introduction to Microeconomics and Macroeconomics
- Macroeconomics Vs Microeconomics
- Introduction to Demand
- Meaning of Demand
- Features of Demand
- Types of Demand
- Determinants of Demand
- Quantity Demanded and Demand
- Law of Demand
- Demand Schedule
- Demand Curve
- Individual Demand Curve to Market Demand Curve
- Slope of the Demand Curve
- Methods of Measuring Price Elasticity of Demand
- Reasons for the Downward Slope of the Demand Curve
- Importance of the Law of Demand
- Exceptions to the Law of Demand
- Movement Along the Demand Curve
- Change in Demand – Shift in Demand Curve
- Difference Between Extension and Increase in Demand
- Difference Between Contraction and Decrease in Demand
- Cross Price Effects
- Relationship Between Income and Demand
- Impact of Tastes and Preferences on Demand for a Commodity
- Industry Demand Vs Firm Demand
2 Elasticity of Demand [Revision]
- Concept of Elasticity of Demand
- Types of Elasticity of Demand > Price Elasticity
- Methods of Measuring Price Elasticity of Demand
- Percentage or Proportionate Method
- Total Expenditure Method
- Point Method (Geometric Method)
- Arc Elasticity of Demand
- Revenue Method
- Numerical Problems of Price Elasticity of Demand
- Factors Affecting Price Elasticity of Demand
- Importance of Elasticity of Demand
- Types of Elasticity of Demand > Income Elasticity
- Types of Elasticity of Demand > Cross Elasticity
3 Supply [Revision]
- Concept of Supply
- Distinction Between Supply and Stock
- Determinants of Supply
- Supply Schedule and Supply Curve
- Law of Supply
- Time Period and Supply
- Exceptions to the Law of Supply
- Shifts in the Supply Curve
- Change in Supply> Extension and Contraction in Supply
- Change in Supply> Increase and Decrease in Supply
- Expansion of Supply and Increase in Supply
- Contraction of Supply and Decrease in Supply
- Elasticity of Supply
- Price Elasticity of Supply
- Categories (Degrees) of Elasticity of Supply
- Measurement of Elasticity of Supply > Percentage Method
- Measurement of Elasticity of Supply > Geometric or Point Method
- Determinants of Elasticity of Supply
4 Market Mechanism [Revision]
- Basic Concepts of Equilibrium and Equilibrium Price
- Equilibrium Price and Quantity in a Competitive Market
- Effects of Changes (Shifts) in Demand on Equilibrium Price and Equilibrium Quantity
- Effects of Changes (Shifts) in Supply on Equilibrium Price and Equilibrium Quantity
- Effects of Simultaneous Changes (Shifts) in Demand and Supply
- Some Special Cases of Equilibrium
- Applications of Tools of Demand and Supply Price Control
- Mаximum Price Legislation or Price Ceiling and Rationing
- Minimum Price Legislation or Floor Price
5 Concepts of Production [Revision]
- Basics of Production Theory
- Concept of Product
- Factors of Production
- Production Function
- Types of Production Functions
- Variation of Output in the Short-Run Returns to a Factor
- Relationship between Average Product (AP) and Marginal Product (MP)
- Relationship between Total Product (TP) and Marginal Product (MP)
- Returns to a Factor - Laws of Returns to a Variable Factor
- Law of Variable Proportions
- Explanation of the Law of Variable Proportions
- Three Stages of Production
- Stages of Operation and the Decision to Produce
- Changes in Production
- Variation of Output in the Long Run - Returns to Scale
- Returns to a Factor or Law of Returns
- Scale of Production
- Concept of Indivisibility
- Economies of Scale
- Diseconomies of Scale
- Comparison Between Laws of Returns and Returns to Scale
6 Cost and Revenue [Revision]
- Cost of Production
- Theories of Costs: Traditional Theory of Costs/Short Run Cost Curves
- Cost Concepts > Total Costs
- Cost Concepts > Average Cost
- Cost Concepts > Marginal Cost
- Costs in Long Run Period
- Difference Between Short - Run & Long Run Costs
- Behaviour of Cost in the Short - Run
- Relationship between Average and Marginal Cost
- Long-Run Cost Curves
- Revenue Concepts
- Relation Between Total, Average and Marginal Revenue
- Revenue Curve under Perfect Competition
- Revenue Curve under Monopoly
- Revenue Curve under Imperfect Competition
- Relationship Between (Mutual Determination) AR, MR, and Elasticity of Demand
- Revenue Curve under Oligopoly
- Significance of Revenue Curve
7 Main Market Forms and Equilibrium of a Firm [Revision]
- Concept of Market
- Introduction
- Definition: Market
- Essential Market Conditions
- Types of definition of market
- Features of a market
- Real-Life Application
- Key Points: Concept of Market
- Market Structure
- Meaning of Market Structure
- Main types of market structures
- Characteristics of Market Structure
- Key Points: Market Structure
- Classification of Market Structure
- Broad classification of market structure
- Main market forms
- Key Points: Classification of Market Structure
- Duopoly
- Meaning of Duopoly
- Definition: Duopoly
- Core Idea: Interdependence
- Characteristics of Duopoly
- Real-Life Application
- Key Points: Duopoly
- Bilateral Monopoly
- Introduction
- Features of Bilateral Monopoly
- Real-Life Application
- Key Points: Bilateral Monopoly
- Classification of Market > Based on Competition
- Perfect Competition
- Introduction
- Definitions: Perfect Competition
- Features
- Pure competition vs perfect competition
- Assumptions
- Key Points: Perfect Competition
- Perfect Competition
- Imperfect Competition
- Monopoly
- Meaning
- Definitions: Monopoly
- Features
- Types
- Price discrimination under monopoly
- Nature of demand and revenue under monopoly
- Costs under monopoly
- Key Points: Monopoly
- Monopolistic Competition
- Introduction
- Definition: Monopolistic competition
- Main Features
- Edward Hastings Chamberlin
- Nature of Demand and Cost Curves
- Real-Life Application
- Key Points: Monopolistic Competition
- Oligopoly
- Meaning of Oligopoly
- Definitions: Oligopoly
- Features
- Types
- Classification
- Indeterminacy of Price and Output under Oligopoly
- Reasons for Indeterminate Price and Output
- Real-Life Application
- Key Points: Oligopoly
- Concept of Monopsony
- Introduction
- Definition: Monopsony
- Characteristics of Monopsony
- Short Note: Joan Robinson
- Real-Life Application
- Key Points: Concept of Monopsony
- Monopoly
- Other Forms of Market
- Based on Time Frame
- Based on Area
- Based on Function
- Based on Quantity
- Based on Legality
- Based on Control
- Based on Transactions
- Real-Life Application
- Key Points: Other Forms of Market
- Factors Determining Market / Extent of Market
- Extent of Market
- Factors That Decide Market Size
- Real-Life Application
- Key Points: Factors Determining Market / Extent of Market
- Demand Curves of Firms under Different Market Forms
- Meaning of demand curve of a firm
- Perfect competition
- Monopoly
- Monopolistic competition
- Diagram explanation
- Key Points: Demand Curves of Firms under Different Market Forms
- Comparison between different forms of market
- Comparison Table
- Real-Life Application
