ECONOMICS
SS 2 FIRST TERM
WEEK
(a)
1
TOPIC/CONTENT
(b)
TOOLS OF ECONOMIC ANALYSIS
i.
Simple linear equations
ii.
Measures of dispersion
iii.
Pie chart
1.
2.
2
TOOLS OF ECONOMIC ANALYSIS
i.
Bar charts
ii.
Calculation of charts
1.
2.
3
4
5
6
CONCEPT OF DEMAND AND SUPPLY
i.
Meaning of demand and supply
ii.
Laws of demand and supply
i.
Factors affecting demand and
supply.
CONCEPT OF DEMAND AND SUPPLY
i.
Distinguish between factors that
cause shift in demand and supply
curves and those causing
movement along demand and
supply curves
ii.
Types of demand and supply (with
curves)
THE PRODUCTION POSSIBILITY CURVE
i.
Meaning of production possibility
curve (PPC)
ii.
Plotting the PPC from possible data
THE PRODUCTION POSSIBILITY CURVE
i.
Concept of total, average and
marginal productivity.
ii.
Laws of variable proportion
1.
2.
1.
2.
ACTIVITIES
(c)
Teacher to test previous knowledge
of basic tools taught in year one. Give
relevant examples on the new topic
(draw tables, graph and calculate
given data)
Learning material; Graph paper and
other relevant materials.
Teacher to test previous knowledge
of basic tools taught in year one. Give
relevant examples on the new topic
(draw tables, graph and calculate
given data)
Learning material; Graph paper and
other relevant materials.
Teacher to emphasize the role of
price system in resource allocation in
economics. Guide students to plot the
demand and supply schedules to
obtain curves.
Learning materials; Graphs.
Teacher to emphasize the role of
price system in resource allocation in
economics.
Learning materials; Graphs.
1. Teacher to give hypothetical
production data and figures to plot
the PPC and to calculate marginal
product (MP) and average product
(AP). Guide students to draw PPC on
graph sheets.
1. Teacher to guide students to plot
graphs, calculate average, total and
marginal productivity
2. Learning materials: Graphs and
tables
(a)
7
8
(b)
COST CONCEPTS
i.
Basic cost concepts: total, average,
marginal, fixed and variable cost.
ii.
Different cost curves
COST CONCEPTS
i.
Short-run and Long-run Costs
ii.
Distinction between economist’s
and accountant’s view of cost
9
REVENUE CONCEPTS
i.
Concept of revenue – total,
average and marginal revenue
ii.
Revenue schedules and curves
10
TYPES AND FEATURES OF ECONOMIC
SYSTEM
i.
Basic features of economic system
(Capitalism, Socialism, Mixed
economy etc)
11
LABOUR MARKET
i.
Supply of and demand for labour
ii.
Wage determination
1.
2.
1.
2.
1.
2.
1.
2.
1.
2.
(c)
Teacher to ask students to state what
they consider as cost and highlight
the distinctions between cost to
individual, the business enterprise
and to the nation
Learning materials; Graphs.
Teacher to ask students to state what
they consider as cost. Identify costs
incurred in the running of schools.
Draw cost curves and go on
excursion to local factories to identify
cost items.
Learning materials; Graphs.
Teacher to explain the concepts of
total, average and marginal revenue
to students and use raw relevant
revenue schedules and curves.
Learning materials; Graphs.
Teacher to explain the features of
the various economic system,
drawing examples from defunct
USSR, United States and Nigeria.
Learning materials: Political Map of
the world.
Teacher to emphasize the role of
government institutions and wage
commissions in the determination of
wages. Discuss the introduction of
the new minimum wage. Invite labour
leader and employer of labour or
official of ministry of Labour,
Employment and productivity to give
talk on labour matters. Draw out
distinction between real and nominal
wages. Simulate wage bargaining by
grouping students into employers and
union leaders. Discuss with students
activities of NDE; National Directorate
of Employment. Mention some jobs a
young school leaver could engage in.
Learning materials: Newspaper
clippings, hypothetical price level
wage rate and productivity data.
Graph paper and pencil.
(a)
12
13
14
(b)
LABOUR MARKET
i.
Trade Unions and other related
institutions.
Revision
Examination
(c)
1. Teacher to discuss the introduction of
the minimum wage and invite labour
leader and employer of labour or
official of ministry of Labour,
Employment and productivity to give
talk on labour matters.
2. Learning materials: Newspaper
clippings
Revision
Examination