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NCERT Class 12 Economics Syllabus & Free Practice Test

12 chapters across Microeconomics and Macroeconomics — the two sides of board exam Economics. Microeconomics covers how individual markets work; Macroeconomics covers how the whole economy works.

12

chapters across 2 books

2

subject areas

80

marks in board exam

Study map

Microeconomics (6 chapters)

Consumer, producer, markets — demand, cost curves, equilibrium, monopoly.

Macroeconomics (6 chapters)

GDP, money, banking, multiplier, budget, and open economy.

Syllabus by book

Two books, one board paper

Original grouping

Introductory Microeconomics

6 chapters

How individual consumers and producers make decisions — utility, budget lines, production functions, cost curves, and market structures from perfect competition to monopoly.

  • Introduction
  • Theory of Consumer Behaviour
  • Production and Costs
  • The Theory of the Firm under Perfect Competition
  • Market Equilibrium
  • Non-competitive Markets

Introductory Macroeconomics

6 chapters

The economy as a whole — GDP measurement, multiplier effect, money supply, banking, fiscal policy, and how exchange rates and trade affect national income.

  • Introduction to Macroeconomics
  • National Income Accounting
  • Money and Banking
  • Determination of Income and Employment
  • Government Budget and the Economy
  • Open Economy Macroeconomics

Numbers-to-test bridge

From concepts to a Class 12 board-style Economics test

Macro numericals and micro theory are tested as separate sections on the board paper — revise them as two distinct blocks.

Step 1

Generate 10 Microeconomics MCQs on consumer equilibrium, production costs, and market structures.

Step 2

Ask for Macroeconomics numericals on national income methods, multiplier, and money supply.

Step 3

Create a mixed drill on government budget, balance of payments, and open economy concepts.

Official resources

From NCERT directly