Description
SS1 Economics Scheme of Work for Third Term: This lesson note covers the following topics.
1 Revision of Second Term Unified Examination
DISTRIBUTIVE TRADE
Meaning
Chain of Distribution.
Process of Distribution
Wholesalers (Functions to Producers and Retailers).
Retailers (Functions to Wholesaler and Customers).
2 MIDDLEMEN
Argument For or Against the Elimination of Middlemen
Problems of Product Distribution in Nigeria
Ways of Improving the System of Distribution of Consumer Goods in West Africa.
Roles of Government Agencies in Product Distribution
3 MONEY
Definition of money and its origin
Trade by Barter system and its deficiencies
Kinds / Types of Money
Characteristics of Money
Functions of Money
4 FINANCIAL INSTITUTIONS
Meaning of Financial Institutions
Types of Financial Institution
Commercial Banks
Meaning of Commercial Banks
Characteristics of Commercial Banks
Functions and Creation of Credit and its Limitations
Central Bank
Meaning of Central Bank
Characteristics of Central Bank
Functions and Weapons of Controlling Commercial Banks
5 CONCEPT OF DEMAND AND SUPPLY
DEMAND
Meaning of Demand
Law of Demand
Schedule and Curve
Types of Demand
Factors Affecting Demand
6 SUPPLY
Meaning of Supply
Law of Supply
Schedule and Curve
Types of Supply
Factors Affecting Supply
7 EQUILIBRIUM PRICE/PRICE DETERMINATION
Meaning
Use of Hypothetical Schedule and Graph to Determine Equilibrium Price
Calculation from Hypothetical Table from Equations of Demand and Supply (i.e. Qd = Qs)
Price System
Meaning of Price System
Functions and Other Means of Determining Prices
8 THE NATURE OF THE NIGERIAN ECONOMY
General Overview of the Nigerian Economy
Nature and Structure of Industries in Nigeria
Contributions of Primary, Secondary and Tertiary Sectors
Explain Economic Activities of the Six GeoPolitical Zones
9 AGRICULTURE
Meaning of Agriculture
Components/Structures
Systems of Agriculture
Contributions to the Economy
Problems and Solutions of Agriculture
Agricultural Policies in Nigeria (OFN, RBOA, NAFPP, Green Revolution)
10 MINING
Meaning
Components of the Nigerian Mining Industry
Minerals (Types, Uses and Locations)
11 Revision
12 – 13 Examination
REFERENCE BOOK
• Amplified and Simplified Economics for Senior Secondary School by Femi Longe
• Comprehensive Economics for Senior Secondary School by J.V. Anyaele
• Fundamentals of Economics for SSS By. R.A.I. Anyanwuocha
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