The syllabus for MP Board Class 12 Economics for the academic year 2025-2026 typically includes the following units:

Introduction
- Definition of Economics
- Micro and Macro Economics
- Central Problems of an Economy
- Production Possibility Curve
Consumer Equilibrium and Demand
- Consumer's Equilibrium: Utility Analysis and Indifference Curve Analysis
- Demand: Law of Demand and Determinants
- Elasticity of Demand: Price, Income, and Cross Elasticity
Producer Behavior and Supply
- Production Function: Returns to a Factor and Returns to Scale
- Cost: Short-run and Long-run Costs
- Revenue: Total, Average, and Marginal Revenue
- Producer’s Equilibrium
- Supply: Law of Supply and Elasticity of Supply
Forms of Market and Price Determination
- Various Forms of Market: Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly
- Price Determination under Perfect Competition
- Market Equilibrium
Simple Applications of Tools of Demand and Supply Curves
- Applications in Real Life Situations

National Income and Related Aggregates
- Basic Concepts: GDP, GNP, NNP, NDP
- Methods of Calculating National Income: Production, Income, and Expenditure Methods
- Aggregates of National Income: Gross and Net, Market Price, and Factor Cost
- Real and Nominal GDP
Money and Banking
- Money: Meaning and Functions
- Supply of Money: M1, M2, M3
- Banking: Functions of Commercial Banks
- Central Bank: Role and Functions
Determination of Income and Employment
- Aggregate Demand and Aggregate Supply
- Propensity to Consume and Save
- Investment Multiplier
- Determination of Income and Employment
- Excess and Deficient Demand: Measures to Correct
Government Budget and the Economy
- Government Budget: Meaning and Components
- Classification of Receipts and Expenditures
- Balanced, Surplus, and Deficit Budget
- Fiscal Policy and its Instruments
Balance of Payments
- Balance of Trade and Balance of Payments
- Components of Balance of Payments
- Foreign Exchange Rate: Fixed and Flexible
- Determination of Exchange Rate in a Free Market

Project Work on Various Topics
- Collection and Analysis of Data on Economic Variables
- Comparison of Economic Indicators
- Understanding Economic Concepts through Case Studies