SS1 Economics Past Questions and Answers
FIRST TERM
Definitions, Scope, Importance And Methodology Of EconomicsEconomics As A ScienceConcepts Of Wants, Scarcity, Scale Of Preference, Choice And Opportunity CostGraphs, Charts And Table With Relevant ExamplesMeasures of Central Tendencies – Meaning Types Of Central Tendency, Merits And Demerits And Simple Application:Price system, Demand – Meaning, Schedules, Curves, LawsFactors Affecting DemandElasticity Of DemandSupply – Meaning, Schedules, Curves, LawsFactors Affecting SupplyElasticity of SupplyDeterminants of Equilibrium Price, Quantity And Point With Simple ApplicationsDefinition of ProductionTypes of ProductionFactors of ProductionMeaning of Division of LabourSpecializationAdvantages, Disadvantages And Limitations of Division of LabourMeaning of Scale of ProductionAdvantages And Disadvantages of Scale of Production Definition of Economic System Types of Economic Systems (Capitalism)Advantages And Disadvantages of CapitalismTypes of Economic System (Socialism, Mixed economy)Advantages And Disadvantages of Socialism And Mixed Economy SECOND TERM
Construction of frequency distributionBasic Economic Problems of SocietyDefinitions of Firms And IndustryTypes And Basic Features of Business Enterprises/OrganisationsGeneral And Specific Problems of Business Enterprises Definitions of Private And Public CompaniesCharacteristics of Private And Public Companies Distinction Between Private And Public CompaniesDefinitions of Quoted And Unquoted Companies And DistinctionsShares, Debentures And BondsMeaning of Population In EconomicsDeterminants And Implication of Population, Size And GrowthTheories of PopulationDistribution of Population: Geographical, Age, Sex And OccupationalImportance And Problems of CensusRural – Urban MigrationConcept of Labour ForceEfficiency And Mobility of Labour ForceFactors Affecting The Size of Labour Force Particularly The Population CharacteristicsGeneral Overview And Structure of Nigerian Economy And Its Economic PotentialsNature And Structure of Industries In NigeriaContributions of The Primary, Secondary And Tertiary SectorsMeaning of AgricultureComponents of Agriculture, Crop Production, Livestock, Forestry, FishingSystems of Agriculture (Cultivation Methods)Importance of Agriculture To Nigeria EconomyActivities of Marketing Boards In NigeriaComponents of The Nigerian Mining IndustryMinerals: Types, Use And Locations Meaning And Segments of Financial SystemFeatures of Banking And Non-Banking Financial InstitutionsFunctions of Each Institution And Its ImportanceMoney And Capital MarketsBenefits of Capital MarketsDefinition of MoneyHistorical Development of MoneyFunctions of MoneyQualities of A Good Money THIRD TERM
