ISC Class 12 Economics Syllabus 2026-27

ISC Class 12 Economics Syllabus 2026-27

Updated for the 2027 ISC exams: CISCE has announced changes reported to take effect from 2027 — a pass in English (or the new Modern English) plus at least four other subjects, SUPW/community service as a pass requirement, and Qualified/Not Qualified in place of Pass/Fail. Check CISCE's 2027 regulations and the syllabus for your subject.

Economics is the analysis of decision-making by governments, business organisations, and individuals on the use of resources. ICSE Class 12 Economics syllabus for 2025–26 introduces students to the concepts of micro- and macroeconomics like production, consumption, market structures, national income, and economic policies. The syllabus builds analytical thinking and economic insight in the students, making them ready for the board examination as well as further studies in commerce, business, and social sciences.

Practising past papers is the best way to use this syllabus. Gradehunt’s ISC Class 12 test series gives you chapter-wise and full-syllabus papers with detailed evaluation, so you know where you lose marks before the board exam. Planning a commerce career after Class 12? Many students start with CA: see our CA Foundation test series and the CA course guide for after 12th.

Here is the whole syllabus given in table format:

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Unit No.Unit NameTopics and Subtopics

1

Introduction to Microeconomics

- Definition, scope, and importance of economics; basic concepts of microeconomics

2

Theory of Demand and Supply

- Law of demand and supply

- Elasticity of demand

- Determinants of demand and supply

3

Production and Cost

- Production function

- Law of variable proportions

- Returns to scale

- Cost concepts

4

Forms of Market

- Perfect competition

- Monopoly

- Monopolistic competition

- Oligopoly

5

National Income

- Definition

- Method of measurement

- GDP, GNP, NNP

- Personal income

- Disposable income

6

Money and Banking

- Role of money

- Character of money

- Banking

- Commercial banks

- Central bank

7

Government Budget and Economy

- Fiscal and other types of budgets

- Fiscal policy

- Taxation

- Public expenditure

- Deficit financing

8

International Trade

- Foreign exchange

- Trade barriers

- Balance of payments

- Globalisation

This syllabus encourages the students to learn economic issues and policies that impact citizen and the country. Proper comprehension of definitions, graphs, and case studies is crucial. Revision and practice regularly will allow the students to achieve high marks in their examinations and serve as a solid foundation for further studies in economics.