HP Board Class 12 Economics Syllabus 2026-27
Session
Plus Two (Class 12), Himachal Pradesh Board of School Education.
Part A — Introductory microeconomics
- Introduction — central problems; market vs planned economy; positive and normative economics.
- Theory of consumer behaviour — utility; budget line; demand; elasticity.
- Production and costs — TP, AP, MP; short-run and long-run costs.
- Theory of the firm under perfect competition — revenue; profit maximisation; supply curve.
- Market equilibrium — price ceiling and floor; shifts in demand and supply.
Part B — Introductory macroeconomics
- Introduction
- National income accounting — GDP, NNP, methods of measurement.
- Money and banking — money supply; RBI functions; credit creation.
- Determination of income and employment — aggregate demand; multiplier.
- Government budget and the economy — budget components; fiscal deficit.
- Open economy macroeconomics — balance of payments; exchange rate.
The official PDF lists detailed sub-topics under each chapter and includes project-based learning activities.
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