Updated 6 August 2026·19 chapters

ICSE Class 12 Economics — Syllabus 2026-27

ICSE Class 12 Economics syllabus for 2026-27: all 19 chapters, with the topics in each. Follows the ICSE / ISC syllabus.

About this syllabus

The ICSE Class 12 Economics course for 2026-27 has 19 chapters. Chapters with a topic breakdown link to their own syllabus page.

ICSE Class 12 Economics — Chapter List

#	Chapter	Topics
1	Microeconomics and Macroeconomics: Introduction	Basic Ideas in Economics · Meaning and Features of Microeconomics · Meaning and Features of Macroeconomics
2	Elementary Theory Of Demand	Factors Affecting Demand and Demand Function · Law of Demand and Demand Curve · Assumptions and Causes of Operation of Law of Demand
3	Elasticity of Demand	Degrees of Price Elasticity of Demand · Methods of Measuring Price Elasticity of Demand · Total Expenditure Method and Comparison of Elasticity
4	Consumer Behaviour Cardinal And Ordinal Utility Analysis	Utility and Cardinal Utility Analysis · Types of Utility and Relationship Between MU and TU · Law of Diminishing Marginal Utility
5	Supply And Elasticity Of Supply	Meaning of Supply, Quantity Supplied, and Stock · Individual Supply, Market Supply, and Supply Schedules · Supply Curve and Reserve Price
6	Concept Of Production And Production Function	Concept of Production · Production Function · Fixed Factors and Variable Factors
7	Concepts Of Cost And Revenue	Producer’s Equilibrium
8	Main Forms Of Market	Meaning of Market · Forms of Market Structure · Perfect Competition and Pure Competition
9	Equilibrium Price	Meaning and Nature of Equilibrium Price · Determination of Equilibrium Price under Perfect Competition · Assumptions of Market Equilibrium
10	Determination Of Income And Employment	Aggregate Demand and Aggregate Supply · Consumption Function and Propensities to Consume · Saving Function and Propensities to Save
11	Problems Of Deficient Demand And Excess Demand	Core Meaning of Demand Imbalances · Diagram-Based Understanding · Causes and Consequences of Deficient Demand
12	Money And Banking	Money: Meaning, Types, and Functions · Supply of Money and Measures of Money Supply · Inflation and Value of Money
13	Balance Of Payments And Exchange Rate	Meaning and Features of Balance of Payments · Balance of Trade and Current Account · Capital Account and Capital Transactions
14	Foreign Exchange Rate	Meaning of Foreign Exchange and Foreign Exchange Rate · Depreciation, Appreciation, Devaluation and Revaluation · Fixed Exchange Rate System
15	Fiscal Policy	Meaning of Public Finance · Meaning and Objectives of Fiscal Policy · Role of Fiscal Policy
16	Government Budget	Meaning, Origin, and Core Features of Budget · Funds of the Government: Consolidated Fund, Contingency Fund, and Public Account · Objectives of the Budget
17	Circular Flow Of Income	Meaning of Circular Flow of Income · Stock and Flow · Kinds of Income and Phases of Circular Flow
18	National Income And Related Aggregates	National Income: Meaning, Approaches, and Basic Distinctions · GDP, GNP, NDP, and NNP · Private Income, Personal Income, Personal Disposable Income, and National Disposable Income
19	Measurement Of National Income	Core Ideas and Methods · Product Method or Value Added Method · Steps, Precautions, and Double Counting in Product Method

Preparation Strategy

Finish the textbook first — the prescribed textbook is the main source for school and board exams.
Keep a formula and definitions list — it makes last-week revision much faster.
Practise past papers — they show you the pattern questions follow.
Time your practice — attempt some papers under exam conditions.

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Frequently Asked Questions

Where can I find ICSE Class 12 Economics Syllabus?

This page has syllabus for 19 chapters of ICSE Class 12 Economics for the board exams 2027. Each chapter links to its own page with the full set.

How should I prepare for ICSE Class 12 Economics board exams?

Go through the syllabus first, then work chapter by chapter: learn the ideas, practise questions, and revise with notes and flashcards. Leave time at the end to revise every chapter once more under timed conditions.

Has the ICSE Class 12 Economics syllabus changed for 2026-27?

This page lists the chapters in the current ICSE Class 12 Economics course. Boards revise syllabi from time to time, so check the board's official website for the latest notified syllabus.

More Economics Resources

ICSE Class 12

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Important Questions

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Chapter Summary

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Concept Maps

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Other ICSE Class 12 Subjects

Physics Chemistry Mathematics Biology Accountancy Business Studies History Geography