Economics

Scheme of Work for Economics, SS1, Third Term

len Alfred Ajibola - Wed, 17th June, 2020 @ 11:39: AM

Topics in Economics

Scheme of work for Economics, SS1, First Term Scheme of work for Economics, SS1, Second Term Scheme of Work for Economics, SS1, Third Term Functions of the Wholesaler Advantages and Disadvantages of the Wholesaler Wholesale Market: Who is a Wholesaler? Characteristics of the Wholesaler Retail Market: Who is a Retailer and Examples of Retailers Market: Types of Market Market - What is a Market in Economics? Elasticity of Supply: Types of Supply Elasticity Supply Elasticity: Elasticity of Supply explained Demand Schedule - Types of Demand Schedule Demand: What is Demand? Law of Demand Concept and Types of Cost Supply, Supply Curve and Law of Supply What is a Black Market, Its advantages and disadvantages Supply Curve, Graphical representation of Supply Curve Scale of Preference and Opportunity Cost


Academic Questions in Economics

Please check out our Test Your Knowledge page to see all Questions and Answers

Budget deficit refers to the amount by which _____.

  1. total expenditure exceeds revenue
  2. capital expenditure exceeds revenue
  3. recurrent expenditure exceeds revenue
  4. recurrent expenditure exceeds capital expenditure
  5. capital expenditure exceeds recurrent expenditure
  6. total expenditure exceeds capital and recurrent expenditure

What are infant industries in Economics?

  1. They are industries that are allowed enough time to mature for recognition
  2. They are industries that produce baby foods in addition to mother care products
  3. They are industries that are too young to compete in a thriving society
  4. They are industries that are constantly introducing new products
  5. They are industries that are under a parent company
  6. They are industries located in rural areas

Which of the theory did Malthus became popular for?

  • A. Population may outgrow the means of subsistence
  • B. The people will eventually decide not to have children
  • C. The death rate may become so high that people may not be able to produce
  • D. Migration of people from one place to another may leave the world barren
  • E. All of the above

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Economics Scheme of Work, SS1, 3rd Term:

 

WEEK 1

Topic: Agriculture in Economics
  • Agricultural reforms programs by the Nigerian Government
    -> Operation Feed the Nation (OFN)
    -> River Basin Development Authority (RBDA)
    -> National Accelerated Food Production Programs (NAFPP)
    -> Green Revolution Programme(GRP)
    -> African Development Bank (ADP)
    -> Provision of fertilizers, improved seedlings, formation of cooperative societies, improved storage facilities and provision of extension services
  • You can read on the Roles of Government in Agriculture here.

 

WEEK 2

Topic: Financial Institution
  • Meaning and Segment of financial system
  • Features of banking and non banking financial institution
  • Function of each institution and their importance

 

WEEK 3

Topic: Financial Institutions
  • Money and Capital Markets
  • Benefits of capital market

 

WEEK 4

Topic: Money

 

WEEK 5

Topic: Money

 

WEEK 6

Topic: Channels of Distribution

 

WEEK 7

Topic: Channels of distribution

 

WEEK 8

Topic: Instrument of Business Finance

 

WEEK 9

Topic: Instrument of business finance
  • Meaning and types of shares
  • Meaning and types of debentures with other securities

You can read on Interesting Facts for Students here.

 

WEEK 10

Topic: Instruments of business finance

 

WEEK 11

Topic: Revision

 

WEEK 12

Topic: Examinations

 

Read Economics Scheme of Work for SS1, 1st Term here

Read Economics Scheme of Work for SS1, 2nd Term here

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len

Alfred Ajibola is a Medical Biochemist, a passionate Academician with over 7 years of experience, a Versatile Writer, a Web Developer, a Cisco Certified Network Associate and a Cisco CyberOps Associate.


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Amazing facts in Economics


NOTABLE POINTS IN Economics

Scale of Preference can be defined as the list of a person's needs or wants written in an order of importance. 📜✍️

When you have a limited amount of money and could only buy some of the items on your list (the top items on the list); then the remaining items that you didn't buy will be generally considered as your opportunity cost.

Opportunity cost can be defined as the value of the best alternative that a person could have achieved or bought but couldn't achieve after the best choice had been achieved.

Opportunity cost are of two types

  1. Explicit Opportunity Cost
  2. Implicit Opportunity Cost

Please read on scale of Preference, Opportunity cost and the types of Opportunity cost here

Economics isn't just about money. It isn't just about economizing or efficiency or prudence at management. In simple terms, Economics is a science that deals with the study of scarcity and choice.

Economics have 2 main branches. They are

  • Microeconomics
  • Macroeconomics