SS2 Economics Past Questions and Answers
FIRST TERM
Simple Linear EquationsMeasures of Dispersion Bar ChartsPie ChartsMeaning of Demand And SupplyLaws of Demand And Supply Factors Affecting Demand And SupplyDistinguish Between Factors That Cause Shift In Demand And Supply CurvesTypes of Demand And Supply (With Curves)Meaning of Production Possibility Curve (PPC)Plotting The PPC From Possible DataConcept of Total, Average And Marginal Productivity Laws of Variable Proportion
SECOND TERM
Basic Cost Concepts: Total, Average, Marginal, Fixed And Variable CostDifferent Cost Curves Short-Run And Long-Run Costs Distinction Between Economist’s And Accountant’s View of CostConcept of Revenue – Total, Average And Marginal RevenueRevenue Schedules And CurvesBasic Features of Economic System (Capitalism, Socialism, Mixed Economy etc)Supply And Demand For LabourWage DeterminationTrade Unions And Other Related InstitutionsConcept of UnemploymentTypes of Unemployment, Causes, Effects And Solutions Concept of Self employment, Job Creation And Dignity of LabourConcept of Utility – Average, Marginal And Total UtilityThe Law of Diminishing Marginal UtilityDetermination of Equilibrium Price And QuantityConcept of Elasticity And Its ApplicationSimple Application of Price TheoryConcept And Types of MarketsReview of Cost And Revenue CurvesPrice And Quantity Determination Under Perfect Competition Price And Quantity Determination Under MonopolyPrice And Quantity Determination Under DuopolyAgricultural Policies In NigeriaDeterminants of Supply And Demand For Money
THIRD TERM
Definition of Industrial Concept – Plant, Factory, Firm, Industry And Industrial EstateLocation And Localization of Industries In NigeriaAdvantage And Disadvantages of Localization of IndustriesFactors That Influence Location And Localization of IndustriesProblems of Agriculture In NigeriaMeaning of Fiscal Policy In Public FinanceObjectives of Public FinanceRevenue Allocation (Including Resource Control) Sources of Government RevenueMeaning of Balanced BudgetReasons for Balanced BudgetMeaning of Surplus And Deficit BudgetWays of Financing Deficit Budget And Their EffectsMeaning of National Income Concepts And Their Uses Ways of Measuring National Income And Their Limitations Uses and Limitations of National Income EstimatesTrends And Structure of National IncomeMoney Market InstitutionsCapital Market InstitutionsOther Market AgenciesFunctions of Capital Market InstitutionsHow The Stock Exchange OperatesSecondary And Primary MarketsValue of Money And The Price LevelMeaning And Types of InflationCauses & Effects of Inflation/DeflationControl of Inflation/DeflationInflation In Nigeria