Updated 6 August 2026·12 chapters

Madhya Pradesh Board Class 12 Economics — Syllabus 2026-27

Madhya Pradesh Board Class 12 Economics syllabus for 2026-27: all 12 chapters, with the topics in each. Follows the MPBSE syllabus.

About this syllabus

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

Madhya Pradesh Board Class 12 Economics — Chapter List

#	Chapter	Topics
1	Introduction	A Simple Economy and Scarcity · Central Problems of an Economy · Production Possibility Set and Production Possibility Frontier
2	Introduction	Macroeconomics and Its Main Focus · Difference Between Microeconomics and Macroeconomics · Why Macroeconomics Became a Separate Branch
3	Theory of Consumer Behavior	Utility, Cardinal Utility Analysis, and Marginal Utility · Ordinal Utility Analysis, Indifference Curve, and MRS · Budget Set, Budget Line, and Consumer’s Optimum
4	National Income Accounting	Basic Ideas: Output, Goods, Stocks, and Flows · Circular Flow of Income and the Three Methods of Measuring GDP · National Income, Personal Income, and Related Aggregates
5	Production and Costs	Production Function and Isoquants · Short Run, Long Run, TP, AP and MP · Law of Variable Proportions and Curve Shapes
6	Money and Banking	Meaning and Functions of Money · Demand for Money · Money Supply and Measures of Money
7	The Theory of the Firm Under Perfect Competition	Perfect competition and price-taking behaviour · Revenue concepts · Profit maximisation conditions
8	Determination of Income and Employment	Core ideas: ex ante, ex post, and aggregate demand · Consumption, saving, and propensity concepts · Equilibrium income in the two-sector model
9	Market Equilibrium	Core idea of market equilibrium · Example 5.1: Wheat market with fixed number of firms · Labour market and wage determination
10	Government Budget and the Economy	Meaning of Government Budget and Its Components · Objectives of Government Budget · Classification of Receipts
11	OPEN ECONOMY MACROECONOMICS
12	Open Economy Macroeconomics	Meaning of an Open Economy · Balance of Payments and Current Account · Capital Account and BoP Balance

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 Madhya Pradesh Board Class 12 Economics Syllabus?

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

How should I prepare for Madhya Pradesh Board 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 Madhya Pradesh Board Class 12 Economics syllabus changed for 2026-27?

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

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Madhya Pradesh Board Class 12

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Important Questions

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Revision Notes

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Formula Sheet

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Chapter Summary

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Concept Maps

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Study Plan

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Flashcards

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NCERT Solutions

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Other Madhya Pradesh Board Class 12 Subjects

Physics Chemistry Mathematics Biology English Accountancy Business Studies Political Science