Senior Secondary School 1 (SS1) Economics Scheme of Work
First Term
- Introduction to Economics – Definition, scope, and importance.
- Basic Concepts in Economics – Wants, scarcity, choice, opportunity cost.
- The Scale of Preference and Opportunity Cost – Meaning and applications.
- The Production Possibility Curve (PPC) – Graphical representation.
- Basic Tools of Economic Analysis – Tables, charts, graphs.
- Types and Basic Concepts of Economic Systems – Capitalism, socialism, mixed economy.
- Demand – Definition, determinants, law of demand.
- Supply – Law of supply, determinants, elasticity.
- Market Equilibrium – Interaction of demand and supply.
- Price Determination – Graphs and effects of government policies.
- Revision
- Examination
- Closing
Second Term
- Theory of Production – Factors, types, and stages.
- Division of Labour and Specialization – Benefits and limitations.
- Scale of Production – Internal and external economies of scale.
- Costs of Production – Fixed, variable, total, average, and marginal costs.
- Revenue Concepts – Total, average, marginal revenue.
- Market Structures – Perfect competition, monopoly, monopolistic, oligopoly.
- Business Organizations – Sole proprietorship, partnership, joint-stock, co-operative.
- Public Enterprises – Characteristics, merits and demerits.
- Population – Determinants, size, distribution, implications.
- Labour Market – Demand and supply of labour, wage determination.
- Revision
- Examination
- Closing
Third Term
- Agriculture – Importance, types, problems, solutions.
- Mining and Oil Industry in Nigeria – Contributions, challenges.
- Distribution and Trade – Channels, wholesalers, retailers.
- Money and Banking – Functions of money, commercial and central banks.
- Public Finance – Government revenue and expenditure.
- Taxation – Types, merits, demerits.
- Budgeting and National Debt – Surplus, deficit, balanced budget.
- Economic Growth and Development – Differences, indicators.
- National Income – Concepts, measurement, limitations.
- Development Planning – Objectives and constraints.
- Revision
- Examination
- Closing
Senior Secondary School 2 (SS2) Economics Scheme of Work
First Term
- Consumption and Consumer Behavior – Utility theory, laws of consumption.
- Inflation – Causes, types, effects, control measures.
- Deflation and Stagflation – Meaning, causes, effects.
- Unemployment – Types, causes, effects, remedies.
- Poverty and Inequality – Causes, effects, policies.
- Social and Economic Institutions – Family, religion, financial institutions.
- Money Market – Instruments and institutions.
- Capital Market – Functions and institutions.
- Financial Institutions in Nigeria – CBN, commercial banks, development banks.
- Stock Exchange Market – Roles, instruments.
- Revision
- Examination
- Closing
Second Term
- International Trade – Importance, types, balance of trade.
- Balance of Payments – Surplus, deficit, correction measures.
- Exchange Rates – Systems and effects.
- Economic Integration – ECOWAS and other regional bodies.
- Trade Restrictions – Tariffs, quotas, reasons.
- Globalization – Definition, pros and cons.
- Foreign Aid and Investment – Types, merits and demerits.
- Privatization and Commercialization – Meaning, effects.
- Deregulation – Effects on economic growth.
- Economic Reforms and SAP – Objectives and effects.
- Revision
- Examination
- Closing
Third Term
- Economic Development Indicators – HDI, per capita income.
- Economic Growth vs Development – Differences and similarities.
- Environment and Sustainable Development – Concepts, challenges.
- Science and Technology in Development – Roles and limitations.
- Planning and National Development – Five-year plans, implementation issues.
- Population Policies – Birth control, education, health.
- Labour Policies and Reforms – Labour laws, labour unions.
- Economic Problems of Nigeria – Corruption, mismanagement.
- Solutions to Economic Problems – Policy reforms.
- Past WAEC/NECO Objective Review – Practice and analysis.
- Revision
- Examination
- Closing
Senior Secondary School 3 (SS3) Economics Scheme of Work
First Term
- Full WAEC/NECO Syllabus Review
- Comprehensive Revision of Microeconomics Topics – SS1–SS2 scope.
- Comprehensive Revision of Macroeconomics Topics – SS1–SS2 scope.
- National Income Revisited – Applications and WAEC questions.
- Market Structures Revisited – Long questions, diagrams.
- Theory of Production and Cost – Graphical questions.
- Budgeting and Fiscal Policy – WAEC standard.
- Mock Objective and Theory Exams – Practice.
- Data Interpretation Questions – Tables and charts.
- Exam Technique Coaching – Answering style, time management.
- Revision
- Examination
- Closing
Second Term
- Revision of Government and Private Sector Roles in the Economy – Regulatory bodies, ministries.
- Comparative Economic Systems – Capitalist vs socialist systems.
- Economic Institutions and Their Functions – IMF, World Bank, ECOWAS.
- Recent Developments in the Nigerian Economy – Inflation trends, currency reforms.
- Review of Economic Indicators – GDP, GNP, CPI.
- Review of Fiscal and Monetary Policies – Government interventions.
- Trade Liberalization and Protectionism – Merits and demerits.
- Preparation for External Exams – Guided practice questions.
- Essay Practice and Past Question Analysis – Topic-based drills.
- Objective Question Mastery – Mock quizzes.
- Revision
- Examination
- Closing
Third Term
- Recap of National Development Planning – SAP, NEEDS, Vision 2020.
- Review of Financial and Capital Markets – Roles in national development.
- Assessment of Nigeria’s Economic Performance – 5-year review.
- Review of Balance of Payments and Exchange Rates – Case studies.
- Past WAEC/NECO Mock Theory and Objective Exams – Full coverage.
- WAEC/NECO Forecast Topics – Focused review.
- Team Presentations on Major Economic Issues – Practical learning.
- Comprehensive Graph and Data Interpretation Practice – WAEC style.
- Final Revision and Intensive Coaching – Personal support.
- Time-Based Paper Practice – Real exam simulation.
- Revision
- Examination
- Closing
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