SS2 ECONOMICS CHRISTMAS TERM
Wk
WAEC
TOPICS
1.
Review of
Equilibrium
price
2.
Price legislation
IGSCE TOPICS
Review of
Equilibrium price
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CONTENT
WAEC CURRICULUM OBJ
• Market price, market
quantity and equilibrium
point
At the end of the lesson students
should be able to:
• Solve problem on Equilibrium
Price legislation
Price floor
Price ceiling
Effects of price floor
Effects of price ceiling
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3a.
b.
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5.
Labour Force
and labour
market
Demand for and
supply of labour
Scale of
production.
Elasticity of
demand
• Occupation
and wages
• Demand for
labour and
supply of
labour
Scale of
production
How market works
(demand
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Occupation
Labour force
Labour market
Concept of wages
Wage differences
• Scale of production
• Internal economies of
scale
• External economies of
scale
• Diseconomies of scale
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Demand elasticity
Types of demand
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Define price legislation
Explain price floor
State reasons for price floor
Explain price ceiling
State reason for price ceiling
The graphics to illustrate price
floor and price ceiling
Explain the effect of price
ceiling and price floor
Define labour
Define labour force
Define labour market
• Define economies of scale
• Define internal economies of
scale
• State various factors on internal
economies of scale
• State various factors on
external economies of scale
• Explain Diseconomies of scale
aid factors responsible
• Define price elasticity of
demand
IGSCE CURRICULUM
OBJ
At the end of the lesson
students should be able to:
• Provide solutions to
problems on
Equilibrium
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Describe occupation
Describe wages
Explain wage differences
Discuss reasons for
differences in wages
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Define scale of
production
Describe internal
economies of scale
Explain external
economies of scale
Explain causes of
Diseconomies of scale
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• Explain what is meant by
demand Elasticity
elasticity)
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6.
Elasticity of
supply
How market works
(elasticity of
supply)
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7.
Unemployment
Unemployment
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Elasticity
Calculation of
demand Elasticity
Graphs of types of
demand Elasticity
Elasticity of supply
Types of elasticity
of supply
Calculation of
elasticity of supply
Meaning of
unemployment
Causes of
unemployment
Cost of
unemployment
Calculation of rate
of unemployment
• Explain various types of
demand elasticity and their
graphs
• Calculate various coefficients
of Elasticity of demand
• Define elasticity of supply
• Explain various types of
elasticity of supply
• Calculate various types of
elasticity of supply and
their graphs
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8.
Inflation
Inflation
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Meaning of inflation
Causes of inflation
Types of inflation
Cost of inflation
Effects of inflation
Solution to
problems of inflation
Deflation and
causes of deflation
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Define unemployment
State various causes of
unemployment
Explain various types of
unemployment
Suggest solution to
problems of
unemployment
Calculate the rate of
unemployment
Define inflation
State various causes of
inflation
Highlight various types of
inflation
Explain the effects of
inflation
Suggest solutions to
problems of inflation
• Describe various types of
Elasticity with graphs
• Ascertain various types of
demand elasticity in a
given situation
• Explain what is
meant by elasticity of
supply
• Describe various
types of elasticity of
supply with graphs
• Ascertain various
types of elasticity in
a given situation
• Explain what is
meant by
unemployment
• Describe various
causes of
unemployment
• Describe various
types of
unemployment
• Describe various
cost of
unemployment
• Explain what is
meant by inflation
• Explain various
causes of inflation
• Identify various types
of inflation
• Describe various
cost of inflation
• Suggest solution to
problems of inflation
9.
Retail price
index (RPI)
Retail price index
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1011
National income
National income
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12
Meaning of retail
price index
Calculation of retail
price index
Meaning of national
income
Concepts of GDP,
GNP, NND, NNI
Approaches to
measurement of
national income
Problems of
measuring national
income
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Describe retail price index
State the formula for
calculating RPI
Calculate RPI
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Define national income
Explain GDP, GNP, NNP
and NNI
Explain the various
methods of measuring
national income
Describe various problems
of measuring national
income
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Explain retail price
index
State the formula for
measuring
Calculate RPI
Give comments on
calculation being
made
Describe national
income
Explain GDP, GNP,
NNP and NNI
Explain various
methods of
measuring national
income
Describe importance
of national income
Revision
SS2 ECONOMICS EASTER TERM
Wk
1.
WAEC TOPICS
Production
possibility curve
IGSCE TOPICS
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CONTENT
WAEC CURRICULUM OBJ
Meaning of PPC
Analysis of PPC
Assumptions made on
PPC
Importance of PPC
Relationship between
At the end of the lesson,
students should be able to:
• Define PPC
• Explain how PPC is put in
place
• Make graphical illustration of
IGSCE CURRICULUM
OBJ
At the end of the lesson,
students should be able
to:
PPC and opportunity cost
2.
Concept of
productivity
Concept of
productivity
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3.
Cost concept
Concept of cost
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4.
Revenue concept
Concept of revenue
and profit
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5.
Market and
market structures
Market structures
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Meaning of productivity
and product
Concepts of TP, AP and
MP
Graphical illustration of
TP, MP and AP
PPC
• State various importance of
PPC to Household firms and
government
• State various assumptions
made on PPC
• Define productivity and
product
• Explain concepts of TP, AP
and MP
• Calculate TP, MP and AP
with graphical illustration
Measuring of cost
Types of cost and their
graphs
Calculation of TC, AC,
MC etc
Graphical illustration of
relationship among TC,
AC, VC, MC etc
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Meaning of revenue
Calculation of revenue
Types of revenue
Concept of profit
Calculation of profit
Profit maximizing
revenue determination
Meaning of market
Types of market
Pure market
Imperfect market
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Define cost
Explain TC, AC, MC, VC
etc
Analyze with graphs the
relationship among MC,
AC, TC and VC
Calculate TC, AC, VC, MC
etc
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Define revenue
Calculate revenue
Explain various types of
revenue
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Define a market
Highlight various classes
of market
Explain perfect market and
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What is meant by
productivity and
product
Describe TP, AP and
MP
Make graphical
analysis of TP, AP
and MP
What is meant by
cost
Describe TC, MC
AC, VC etc
Analyze the
relationship among
the costs
Solve problems on
cost concept
Describe revenue
Explain how profit is
calculated
• Determine the
revenue of a firm at
which profit is
maximized
• Describe a market
• Explain perfect
market and conditions
for its existence
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Monopolistic market
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6.
Price and Qty
determination of
various types of
market
Equilibrium position
of various types of
market
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How to determine the
profit maximizing level of
a market at –
(a) Short Run
(b) Long run
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7.
(a) International
Trade
(b) Basis for
international trade
(c) Concepts and
calculations of
BOT, TOT and
BOP
(a) Foreign Trade
(b) Trade
Specialization
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8.
Public finance
Fiscal policy and
taxation
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Meaning of international
Trade
Reasons for international
trade
Bans for international
trade
Concepts of BOT, TOT
and BOP
Difference between
home trade and foreign
trade
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Meaning of public finance
How government
generates revenue
Various government
expenditures
Meaning of Tax
Types of tax
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conditions for perfect
market
Explain imperfect market
and its types
Give conditions for
imperfect market
Explain what is meant by
short Run
Explain the meaning of
long run
Describe how profit is
maximized in each market
both Short Run and Long
Run
Make a graphical analysis
of the above situation
Define international trade
Highlight reasons for
foreign trade
Explain concepts of BOT,
TOT and BOP
Differentiate between
Home Trade and foreign
trade
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Describe imperfect
market and conditions
for its existence
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Describe short run
and long run situation
of a firm
Analyze how profit is
maximized at short
and long run for
various market
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Define public finance
List government sources
of income
List various government
expenditures
Define taxation
Describe direct and
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Describe international
trade
Explain term
international
specialization
Explain the law of
Absolute cost
advantage and
comparative cost
advantage
Make analysis of
these laws
Explain what is meant
by fiscal policy
Explain how
government uses
fiscal policies to
control the economy
Describe budget and
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Budget and budgeting
recurrent and capital
items
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10.
Effects and
principles of
taxation
Effects of taxation
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Various effects of
taxation
Principle/qualities of a
good tax system
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indirect tax
State the use of taxation
Highlight the effects of
taxation
Explain recurrent and
capital expenditures
Describe recurrent and
capital revenues
State the effects of
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taxation
State and explain qualities
of a good tax system
budgeting and types
of budget
Describe the effects
of taxation on the
populace
Revision
INTEGRATED SS 2 ECONS SUMMER TERM
WK
WAEC TOPIC
IGCSE
TOPICS
CONTENT
WAEC CURRICULUM
OBJECTIVES
IGCSE CURRICULUM
OBJEDTIVES
At the end of the lessons, students should be able to:
At the end of the lesson, students should be able to:
1/2
Population and
population
Census.
Population
• Meaning of Population
• Population Growth
• Factors Affecting
population
• Population Census
• Population Pyramid
• Population Structure
• Define Population
• Explain factors affecting
population
• Define Population Census
• Highlight importance of population
census
• Highlight problems of population
census in West Africa.
2.
(a) Malthus
Population Theory
(a) Malthus
Population
• Malthus Theory of
Population
• Analyze Malthus population
Theory
• Describe trends in
population growth.
• Understand what is meant
by dependency ratio
• Analyze birth, death and
migration rates
• Analyze problems and
consequence of population
growth for developing
nations.
• Describe Age, Sex, and
Occupational Distribution
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4.
5.
6
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Theory
• Age, Sex, Occupation
(b) Population
(b) Population
and Geographical
Distribution
Distribution.
Distribution
Nature and
• Nature of Nigeria
structure of
Economy
Nigerian Economy
• Structure of Nigerian
Economy.
Agriculture
Agriculture
• Meaning of Agriculture
• Agricultural system
• Importance of Agriculture
• Problems of Agricultural
Development
• Solutions to problem
Industries and
• Meaning of firms and
Industrialization
industries
• Location and localization
of industries
• Meaning of
industrialization
• Trends in global industrial
development
Economic Growth Economic
• Meaning of Growth
and Development Growth and
• Meaning of Development
Economic
• Conditions for a
Development
developed Economy
• Characteristics of under
developed economy.
Economic
Planning
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• Meaning of Economic
Planning
• Objectives of Economic
planning
• Types of Economic
planning
• State its relevance to West Africa
countries
• Explain the nature of Nigeria
economy.
• Discuss the structure of Nigeria
Economy.
• Define Agriculture
• State various importance of
agriculture
• Highlight problems of agriculture
in West Africa
• Suggest solutions to problems
• Define firm and industry
• Understand Location and
Localization of industries
• Highlight importance of industries
to Economic
• Highlight problems of industries in
West Africa
• Explain the implication of
the abort on the economy.
• Explain what is meant by
agriculture
• Describe the relevance of
agriculture to global
industrial growth.
• Describe industries and
industrialization
• Explain impact of industries
on the world economy.
• Define Growth
• Explain what is meant by
• Define Development
growth
• Differentiate between Growth and • Explain what is meant by
Development
development
• State the conditions for developed • Describe features of a
Nation
developed and
• Highlight features of a developing
underdeveloped nation.
nation.
• Define Economic Planning
• Cure objective of Economic
planning
• Explain various types of economic
Planning.
• Discuss various importance of
8
Economic
Integration
9
Revision
Economic
integration
• Importance of Economic
Planning.
• Meaning of Economic
integration
• Types of Economic
Integration
• Importance of Economic
integration
economic planning.
• Define Economic Integration
• Describe various types of
integration
• Explain the importance of
integration.
• Explain what is meant by
Economic integration.
• Describe various types of
Economic integration
• Discuss the impact of
various Economic
integration on global
economy.