SS1 Economics Lesson Notes
FIRST TERM
1. Definitions, Scope, Importance And Methodology Of Economics2. Economics As A Science3. Concepts Of Wants, Scarcity, Scale Of Preference, Choice And Opportunity Cost4. Graphs, Charts And Tables With Relevant Examples5. Measures of Central Tendencies – Meaning:6. Types Of Central Tendency, Merits And Demerits And Simple Application:7. Price System, Demand – Meaning, Schedules, Curves, Laws8. Factors Affecting Demand9. Elasticity Of Demand10. Supply – Meaning, Schedules, Curves, Laws11. Factors Affecting Supply12. Elasticity of Supply13. Determinants of Equilibrium Price, Quantity And Point With Simple Applications14. Definition of Production15. Types of Production16. Factors of Production17. Meaning of Division of Labour18. Specialization19. Advantages, Disadvantages And Limitations of Division of Labour20. Meaning of Scale of Production21. Advantages And Disadvantages of Scale of Production22. Definition of Economic System23. Types of Economic Systems (Capitalism)24. Advantages And Disadvantages of Capitalism25. Types of Economic System (Socialism, Mixed economy)26. Advantages And Disadvantages of Socialism And Mixed Economy27. Advantages And Disadvantages of Socialism And Mixed Economy SECOND TERM
1. Basic Economic Problems of Society2. Definitions of Firms And Industry3. Types And Basic Features of Business Enterprises/Organisations4. General And Specific Problems of Business Enterprises5. Definitions of Private And Public Companies6. Characteristics of Private And Public Companies7. Distinction Between Private And Public Companies8. Definitions of Quoted And Unquoted Companies And Distinctions9. Shares, Debentures And Bonds10. Meaning of Population In Economics11. Determinants And Implication of Population, Size And Growth12. Theories of Population13. Distribution of Population: Geographical, Age, Sex And Occupational14. Importance And Problems of Census15. Rural – Urban Migration16. Concept of Labour Force17. Efficiency And Mobility of Labour Force18. Efficiency And Mobility of Labour Force19. Factors Affecting The Size of Labour Force Particularly The Population Characteristics20. General Overview And Structure of Nigerian Economy And Its Economic Potentials21. Nature And Structure of Industries In Nigeria22. Contributions of The Primary, Secondary And Tertiary Sectors23. Meaning of Agriculture24. Components of Agriculture, Crop Production, Livestock, Forestry, Fishing25. Systems of Agriculture (Cultivation Methods)26. Importance of Agriculture To Nigeria Economy27. Activities of Marketing Boards In Nigeria28. Components of The Nigerian Mining Industry29. Minerals: Types, Use And Locations30. Meaning And Segments of Financial System31. Features of Banking And Non-Banking Financial Institutions32. Functions of Each Institution And Its Importance33. Money And Capital Markets34. Construction of frequency distribution35. Benefits of Capital Markets36. Definition of Money37. Historical Development of Money38. Functions of Money39. Qualities of A Good Money THIRD TERM
