ISC Class 12 Economics Syllabus 2024-25 (Released): Check Chapter-Wise Weightage and Marking Scheme

Sushmita Sundas
Sushmita Sundas

Updated on - May 3, 2024

The ISC class 12 Economics syllabus 2024 will help the students reflect on a study of the economics theory with specific reference to the Indian Economy. The updated syllabus will help students understand the facts, terms, concepts, conventions, trends, principles, generalisations, assumptions, hypotheses, problems, processes, etc. in Economics.

Moreover, the board will tentatively conduct the ISC class 12 exam for Economics paper in February 2024 in the offline mode. There will be one paper of two hours duration carrying 80 marks and an Internal Assessment of 20 marks.

ISC Class 12 Economics Syllabus 2024: Download

The ISC class 12 Economics syllabus 2024-25 is made available on the official website. Students must use the updated syllabus to understand the chapter-wise ISC 12th exam pattern and to score higher grades in the upcoming board exams.

Moreover, students can also refer to the link mentioned below to download the ISC class 12 Economics paper. 

ISC Class 12 Economics Syllabus 2024-25
Topic PDF Link
Syllabus of Economics Class 12 ISC Download Now

Also read: How to Calculate the Percentage of Class 12th ISC?

ISC Class 12 Economics 2024 Syllabus: Chapter-Wise Details

The ISC Economics syllabus 2024 is divided into two sections. In Section I, the first part will consist of compulsory short answer questions testing knowledge, application and skills relating to elementary/fundamental aspects.

Likewise, part two will consist of eight questions, out of which candidates will be required to answer five questions, each carrying 12 marks. 

ISC Class 12 Economics Syllabus 2024-25: Sections A

Section A in the ISC class 12 Economics paper will be conducted for 80 marks, containing 6 chapters. Students must understand the weightage of each chapter to start their preparation accordingly.

ISC Class 12 Economics Syllabus 2024-25 Section A
Chapters Topics Weightage
Chapter 1 - Micro Economic Theory
  1. Demand: meaning, factors affecting demand; Demand function; Law of Demand etc.
  2. Elasticity of demand: meaning, types of elasticity of demand, measurement of elasticity of demand etc.
  3. Supply: meaning; the difference between stock and supply; determinants of supply etc.
16 Marks
  1. Market Mechanism: Equilibrium and disequilibrium etc.
  2. Concept of production and production function.
  3. Cost and revenue: Basic concepts of cost; fixed cost, variable cost,etc.
12 Marks
Main market forms: perfect competition, monopolistic competition, oligopoly, etc. 12 Marks
Chapter 2 - Theory of Income and Employment Basic concepts and determination of Income and Employment 8 Marks
Chapter 3 - Money and Banking
  1. Money: meaning, functions of money, supply of money.
  2. Banks: functions of commercial bank; high powered money, credit creation by commercial banks; Central Bank: functions.
8 Marks
Chapter 4 - Balance of Payment and Exchange Rate Balance of Payment – meaning, components; foreign exchange – meaning, determination of exchange rate (Flexible). 6 Marks 
Chapter 5 - Public Finance
  1. Fiscal Policy: meaning and instruments of fiscal policy.
  2. Government Budget: meaning, types and components.
6 Marks 
Chapter 6 - National Income
  1. Circular flow of Income.
  2. Concepts and definitions of NY, GNP, GDP, NNP, etc.
  3. Methods of measuring National Income: product or value-added method
12 Marks

ISC Class 12 Economics Syllabus 2024-25: Sections B

The ISC Economics syllabus 2024 Paper 2 contains the project work for 20 marks. The school heads must conduct the internal assessment.

Tabulated below are the marks distribution of the project or internal review, which students must refer to.

ISC Class 12 Economics 2024 Syllabus Section B
Particulars  Overall Marks 
Overall Format 1 Mark
Content 4 Marks
Findings 2 Marks
Viva-voce based on the Project 3 Marks
Total  10 marks

Refer to the image mentioned below to know the sample table for project work. 

ISC Class 12 Sample Table

Read more: ISC Reduced Syllabus 2023-24

ISC Class 12 Economics Syllabus 2024: Individual Assessment

The school authorities conduct the individual assessment for 20 marks. Candidates will be expected to have completed two projects from any topic covered in Theory.

The practical exams usually start at 9 AM, with the question paper distributed at 8:45 AM. Refer to the images below to get the assessment topics for the ISC class 12 Economics paper 2024. 

ISC Class 12 Individual Assessment Topics

ISC Class 12 Individual Assessment Topics

ISC Class 12 Economics Marking Scheme 2024

The ISC class 12 Economics paper is divided into two sections. The internal section consists of 20 marks, and the theory part consists of 80 marks.

The board will conduct the ISC class 12 exams in pen and paper mode. Moreover, refer to the table below to understand the marking scheme of the Economics paper. 

ISC Class 12 Economics 2024 Marking Scheme
Particulars  Marks 
Theory Part I - 20
Part II -60
Practical Project 1- 10
Project 2 -10
Total  100

Refer to the image below to get the detailed marking scheme of the ISC class 12 Economics syllabus 2024-25. 

ISC Class 10 Economics Marking Scheme

Read more: ISC 12th Books 2024

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