Recent Scheme of Work on Economics

Syllabus for Senior Secondary




FIRST TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Principles Of Economics

Topic: Meaning of Economics and related concepts

Sub-Topic:
Content:
1. Definitions, scope, importance and methodology of Economics.
2. Economics as a science
3. Concept of Wants, Scarcity, Scale of Preference, Choice, Opportunity Cost
WEEK 2

Theme: Principles Of Economics

Topic: Tools of Economic Analysis

Sub-Topic:
Content:
Simple linear equations, measures of dispersion
- pie chart
- bar chart
- histograms
- polygons
Calculate of charts
WEEK 2

Theme: Comparative Economics

Topic: Economic Lessons from Asian Tigers, Japan, Europe and America

Sub-Topic:
Content:
1. Economic history of the Asian Tigers and Japan (1960 to 2000).
2. Review of the development strategies employed by the Asian Tigers, Japan, Europe and America.
3. Lessons for the Nigerian Economy.
WEEK 3

Theme: Principles Of Economics

Topic: Basic tools of Economic Analysis

Sub-Topic:
Content:
Graphs, Charts and tables, measures of central tendency
WEEK 3

Theme: Principles Of Economics

Topic: Concept of Demand and Supply

Sub-Topic:
Content:
1. Demand and supply curves.
2. Laws of demand and supply.
3. Factors affecting demand and supply.
4. Types of demand and supply.
WEEK 3

Theme: Population, Labour Market And Human Capital Development

Topic: Human Capital Development

Sub-Topic:
Content:
1. Definition of human capital. Characteristics of human capital.
2. Factors that affect the efficiency of human capital.
3. Distinction between human and physical capital.
4. Brain drain and its effect on the Nigerian economy.
5. Arresting brain drain.
WEEK 4

Theme: Principles Of Economics

Topic: Concept of Demand and Supply

Sub-Topic:
Content:
Price system, demand and supply schedules and curves, law of demand and supply, factors affecting demand and supply, determinants of equilibrium price
WEEK 4

Theme: Principles Of Economics

Topic: The Production Possibility Curve

Sub-Topic:
Content:
1. Production possibility curve.
2. Concept of total, average, and marginal productivity
3. Laws of variable proportion
WEEK 4

Theme: Structure Of The Nigerian Economy

Topic: Petroleum and the Nigerian Economy

Sub-Topic:
Content:
1. Development of petroleum industry.
2. Contribution of petroleum to the Nigerian economy (positive and negative).
3. Role of NNPC and OPEC in the exploration, production, refining, marketing and distribution of petroleum products
WEEK 5

Theme: Principles Of Economics

Topic: Theory of Production

Sub-Topic:
Content:
1. Meaning of production.
2. Types of production
3. Factors of production
4. Division of Labour and specialization
5. Scale of production
WEEK 5

Theme: Principles Of Economics

Topic: Cost Concepts

Sub-Topic:
Content:
1. Basic cost concepts of Cost :
Total Cost,
average Cost,
marginal Cost,
fixed Cost,
variable Cost,
short-run Cost,
and long run cost. 2. Distinction between economist and accountant’s view of cost.
WEEK 5

Theme: Structure Of The Nigerian Economy

Topic: Manufacturing and Construction

Sub-Topic:
Content:
1. Explain the meanings of manufacturing and construction, types of manufacturing (crafts, food processing etc.).
2. Contribution of manufacturing and construction sectors to Nigeria’s Gross Domestic Product.
3. Roles of manufacturing and construction in economic development
WEEK 6

Theme: Principles Of Economics

Topic: Theory of Production (Cont.)

Sub-Topic:
Content:
1. Meaning of production.
2. Types of production
3. Factors of production
4. Division of Labour and specialization
5. Scale of production
WEEK 6

Theme: Principles Of Economics

Topic: Revenue Concepts

Sub-Topic:
Content:
Concepts of revenue
Total Revenue
Average and Marginal Revenue
Revenue Schedules and Curves.
WEEK 6

Theme: Structure Of The Nigerian Economy

Topic: Service Industries

Sub-Topic:
Content:
1. Explain the meaning of service
2. List service industries, (tourism, transport, banking, insurance, warehousing, advertisement etc.).
3. State the contribution of service industries to development
WEEK 7

Theme: Economic Systems

Topic: Basic Economics Problems of Society

Sub-Topic:
Content:
1. Definition of economic system.
2. What to produce.
3. How to produce.
4. For whom to produce.
5. Efficiency of resource use
WEEK 7

Theme: Economic Systems

Topic: Types and Features of Economic systems

Sub-Topic:
Content:
Basic features of economic systems (capitalism, socialism, mixed economy, etc.).
WEEK 7

Theme: Financial Institutions And Regulatory Agencies

Topic: Agencies that regulate the financial markets

Sub-Topic:
Content:
1. Regulation of money markets, Agencies and their tools.
2. Regulation of capital market; Agencies objectives, and tools
WEEK 8

Theme: Business Organizations

Topic: Firms & Industry

Sub-Topic:
Content:
1. Definition of firms and industry
2. Types and basic features of business enterprises
3. General and specific problems of business enterprises.
WEEK 8

Theme: Population, Labour Market And Human Capital Development

Topic: Labour Market

Sub-Topic:
Content:
1. Supply of and demand for labour.
2. Wage determination.
3. Trade Unions and other related institutions.
WEEK 8

Theme: Financial Institutions And Regulatory Agencies

Topic: Functions and role of regulatory agencies

Sub-Topic:
Content:
Functions and significance of the Agencies in the economy.
WEEK 9

Theme: Business Organizations

Topic: Firms & Industry

Sub-Topic:
Content:
1. Private and public companies; definition, characteristics, distinction between private and public companies.
2. Quoted and unquoted companies, definitions and distinctions.
3. Shares, debentures and bonds.
WEEK 9

Theme: Population, Labour Market And Human Capital Development

Topic: Labour Market

Sub-Topic:
Content:
1. Concept of unemployment
2. Types of unemployment, causes, effects and solutions.
3. Concept of self-employment, job creation and dignity of labour
WEEK 9

Theme: Financial Institutions And Regulatory Agencies

Topic: Functions and role of regulatory agencies (Cont.)

Sub-Topic:
Content:
Functions and significance of the Agencies in the economy.

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION

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SECOND TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Population, Labour Market And Human Capital Development

Topic: Population

Sub-Topic:
Content:
1. Determinants and implications of population size and growth
2. Theories of population e. g. Malthusian Theory demographic Transition theory, etc.
3. Geographical, age, sex and occupational distribution of population.
WEEK 2

Theme: Consumer Behavior, Price Determination And Market Structures

Topic: Elementary treatment of Utility Theory

Sub-Topic:
Content:
1. Concept of utility, average, marginal and total utility.
2. The law of diminishing marginal utility.
3. Utility maximization and derivation of demand curve from the utility theory.
WEEK 2

Theme: International Trade And Balance Of Payments

Topic: International Trade

Sub-Topic:
Content:
1. Meaning of international Trade. Distinguish between domestic and international trade.
2. Discuss the reasons for international trade, theory of comparative costs and its short comings.
3. Meaning of Globalization, Features, challenges opportunities globalization presents to the Nigerian economy.
WEEK 3

Theme: Population, Labour Market And Human Capital Development

Topic: Population

Sub-Topic:
Content:
1. Importance and problems of census.
2. Rural-urban migration.
WEEK 3

Theme: Consumer Behavior, Price Determination And Market Structures

Topic: Price Determination

Sub-Topic:
Content:
1. Determination of equilibrium price and quantity.
2. Effect of changes in demand and supply on the equilibrium price and quantity.
3. Types of demand and supply e. g. Joint demand, joint supply, etc. Concept of elasticity and its application.
4. Simple application of price theory e.g. Minimum and maximum price legislation.
WEEK 3

Theme: International Trade And Balance Of Payments

Topic: Balance of Payments (B.O.P)

Sub-Topic:
Content:
1. Terms of trade and measurements, favorable and unfavorable balance of payment and their effects, balance of payment concepts.
2. Methods of correcting balance of payment problems
WEEK 4

Theme: Population, Labour Market And Human Capital Development

Topic: Labour Market

Sub-Topic:
Content:
1. Concept of Labour force.
2. Efficiency and mobility of Labour.
3. Factors affecting the size of Labour force particularly the population characteristics (age, sex, occupation, education).
WEEK 4

Theme: Consumer Behavior, Price Determination And Market Structures

Topic: Market Structures

Sub-Topic:
Content:
1. Concept and types of markets.
2. Review of cost and revenue curves.
3. Price and quantity determination under perfect competition, monopoly, duopoly and oligopoly.
WEEK 4

Theme: Development Economics

Topic: Economic growth and development

Sub-Topic:
Content:
1. What is economic development.
2. Distinguish between economic growth and development.
3. Problems of economic development. In Nigeria
WEEK 5

Theme: Structure Of The Nigerian Economy

Topic: The Nature of the Nigerian Economy

Sub-Topic:
Content:
1. General overview of the Nigerian economy and its economic potentials.
2. Nature and structure of industries in Nigeria; contributions of the Primary, Secondary Tertiary sectors.
WEEK 5

Theme: Nigerian Economy And Major Natural Resources

Topic: Industries in Nigeria

Sub-Topic:
Content:
1. Definition of industrial concepts: plant, factory, firm, industry and industrial estate.
2. Location and localisation of industry in Nigeria.
WEEK 5

Theme: Development Economics

Topic: Economic development planning

Sub-Topic:
Content:
Elements of development planning
Nigeria’s planning experience
objectives of Nigeria’s development plans
WEEK 6

Theme: Structure Of The Nigerian Economy

Topic: Agriculture

Sub-Topic:
Content:
1. Components of agriculture, crop production, livestock, forestry, fishing. System of agriculture (cultivation methods).
2. Importance of agriculture to the Nigerian economy
3. Activities of the Marketing Boards in Nigeria.
WEEK 6

Theme: Nigerian Economy And Major Natural Resources

Topic: Agriculture

Sub-Topic:
Content:
1. Problems of agriculture.
2. Agricultural policies in Nigeria.
3. Marketing of agricultural commodities.
4. Prospects of agriculture in Nigeria.
WEEK 6

Theme: International Economic Organizations

Topic: International Economic Organizations

Sub-Topic:
Content:
1. Historical development of these organizations – ECOWAS, ECA, IMF, IBRD, ADB, OPEC, WACH, GATT, UNCTAD.
2. Aims, objectives and roles of the organizations.
WEEK 7

Theme: Structure Of The Nigerian Economy

Topic: Agriculture (Cont.)

Sub-Topic:
Content:
1. Components of agriculture, crop production, livestock, forestry, fishing. System of agriculture (cultivation methods).
2. Importance of agriculture to the Nigerian economy
3. Activities of the Marketing Boards in Nigeria.
WEEK 7

Theme: National Income And Public Finance

Topic: Elementary treatment of fiscal policy

Sub-Topic:
Content:
1. Meanings of fiscal policy of public finance, and objectives of public finance, revenue allocation (including resource control).
2. Sources of government revenue.
3. Direct and indirect taxation, effects and incidence of taxation, structure and effects of public expenditure on government budgets
WEEK 7

Theme: Applied Economics And Contemporary Economic Organizations

Topic: Current Economic plans; MDGs, NEEDS, Vision 2020

Sub-Topic:
Content:
Meanings and objectives of MDGs, NEEDS and Vision 2020
WEEK 8

Theme: Structure Of The Nigerian Economy

Topic: Mining

Sub-Topic:
Content:
Components of the Nigerian mining industry. Minerals, types, uses and locations.
WEEK 8

Theme: National Income And Public Finance

Topic: Balanced and Unbalanced budget

Sub-Topic:
Content:
Meaning of balanced budget
reasons for balanced budget
meaning of surplus and deficit budget
ways of financing deficit budget and their effects (e.g. debt burden debt relief, debt buy back )
WEEK 8

Theme: Applied Economics And Contemporary Economic Organizations

Topic: Economic Development challenges

Sub-Topic:
Content:
Meaning and effects of poverty,
Methods of Poverty alleviation and eradication,
Agencies for poverty alleviation such as National Poverty Eradication Program (NAPEP),
National Directorate of Employment (NDE), etc.); HIV/AIDS and the economy;
Corruption and the Economy;
Power and Energy Inadequacy
WEEK 9

Theme: Financial Institutions And Regulatory Agencies

Topic: Meaning of Financial institutions

Sub-Topic:
Content:
Meaning and Segments of financial system, money and capital markets, benefit of capital market.
WEEK 9

Theme: National Income And Public Finance

Topic: Elements of National Income Accounting

Sub-Topic:
Content:
1. Meaning of national income concepts and their uses.
2. Ways of measuring national income and their limitations.
3. Uses and limitations of national income estimates, trend and structure of national income
WEEK 9

Theme: Applied Economics And Contemporary Economic Organizations

Topic: Economic reform programs

Sub-Topic:
Content:
Consolidation of financial institutions, privatization and commercialization, EFCC and ICPC, NAFDAC, SON

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION

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THIRD TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Money And Inflation/Deflation

Topic: Money: meaning, characteristics and Functions

Sub-Topic:
Content:
Definition of money
Historical development of money
functions of money
types (including credits cards
value card
other ICT aided payment instruments).
WEEK 2

Theme: Financial Institutions And Regulatory Agencies

Topic: Types of Financial Institutions and their functions

Sub-Topic:
Content:
1. Money Market Institutions.
2. Capital market.
3. Other agencies that can access the capital market.
WEEK 2

Theme:

Topic:

Sub-Topic:
Content:
WEEK 3

Theme: Money And Inflation/Deflation

Topic: Money: meaning, characteristics and Functions

Sub-Topic:
Content:
Characteristics of money, qualities of a good money
WEEK 3

Theme: Financial Institutions And Regulatory Agencies

Topic: Types of Financial Institutions and their functions

Sub-Topic:
Content:
1. Functions of money market institutions.
2. Functions of capital market institutions.
WEEK 3

Theme:

Topic:

Sub-Topic:
Content:
WEEK 4

Theme: Distributive Trade

Topic: Channels of Distribution

Sub-Topic:
Content:
Channels and Process of distribution.
Roles of wholesalers.
Retailers and cooperatives.
The role of government agencies in product distribution and problems of distribution
WEEK 4

Theme: Financial Institutions And Regulatory Agencies

Topic: Types of Financial Institutions and their functions

Sub-Topic:
Content:
1. How the Stock Exchange operates
2. Secondary and Primary markets.
WEEK 4

Theme:

Topic:

Sub-Topic:
Content:
WEEK 5

Theme: Distributive Trade

Topic: Channels of Distribution (Cont.)

Sub-Topic:
Content:
Channels and Process of distribution.
Roles of wholesalers.
Retailers and cooperatives.
The role of government agencies in product distribution and problems of distribution
WEEK 5

Theme: Money And Inflation/Deflation

Topic: Money: Demand for and supply of money

Sub-Topic:
Content:
Determinants of supply and demand for money.
WEEK 5

Theme:

Topic:

Sub-Topic:
Content:
WEEK 6

Theme: Distributive Trade

Topic: Channels of Distribution (Cont.)

Sub-Topic:
Content:
Channels and Process of distribution.
Roles of wholesalers.
Retailers and cooperatives.
The role of government agencies in product distribution and problems of distribution
WEEK 6

Theme: Money And Inflation/Deflation

Topic:

Sub-Topic: Money: Demand for and supply of money
Content:
Value of money and the price level.
WEEK 6

Theme:

Topic:

Sub-Topic:
Content:
WEEK 7

Theme: Business Finance

Topic: Instruments of Business Finance

Sub-Topic:
Content:
Sources of funds for businesses.
WEEK 7

Theme: Money And Inflation/Deflation

Topic: Money: Inflation and deflation

Sub-Topic:
Content:
Meaning and types of inflation.
WEEK 7

Theme:

Topic:

Sub-Topic:
Content:
WEEK 8

Theme: Business Finance

Topic: Instruments of Business Finance

Sub-Topic:
Content:
Basic instruments for business financing (shares, debentures and bonds).
Meaning and types of shares.
debentures and other securities.
WEEK 8

Theme: Money And Inflation/Deflation

Topic: Money: Inflation and deflation

Sub-Topic:
Content:
Causes, effects and control of inflation/deflation.
WEEK 8

Theme:

Topic:

Sub-Topic:
Content:
WEEK 9

Theme: Business Finance

Topic: Instruments of Business Finance

Sub-Topic:
Content:
Problems of business finance in Nigeria
WEEK 9

Theme: Money And Inflation/Deflation

Topic: Money: Inflation and deflation

Sub-Topic:
Content:
Inflation in Nigeria
WEEK 9

Theme:

Topic:

Sub-Topic:
Content:

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION



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Facts about Teachers

● ● ● Teachers Are Great No Controversy.

● ● ● Teachers are like candles, they burn themselves to light others.

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