SS2 Economics Lesson NotesFIRST TERM1. Simple Linear Equations2. Measures of Dispersion3. Bar Charts4. Pie Charts5. Meaning of Demand And Supply6. Laws of Demand And Supply7. Factors Affecting Demand And Supply8. Distinguish Between Factors That Cause Shift In Demand And Supply Curves9. Types of Demand And Supply (With Curves)10. Meaning of Production Possibility Curve (PPC)11. Plotting The PPC From Possible Data12. Concept of Total, Average And Marginal Productivity13. Laws of Variable ProportionSECOND TERM1. Basic Cost Concepts: Total, Average, Marginal, Fixed And Variable Cost2. Different Cost Curves3. Short-Run And Long-Run Costs4. Distinction Between Economist’s And Accountant’s View of Cost5. Concept of Revenue – Total, Average And Marginal Revenue6. Revenue Schedules And Curves7. Basic Features of Economic System (Capitalism, Socialism, Mixed Economy etc)8. Supply And Demand For Labour9. Wage Determination10. Trade Unions And Other Related Institutions11. Concept of Unemployment12. Types of Unemployment, Causes, Effects And Solutions13. Concept of Self employment, Job Creation And Dignity of Labour14. Concept of Utility – Average, Marginal And Total Utility15. The Law of Diminishing Marginal Utility16. Determination of Equilibrium Price And Quantity17. Concept of Elasticity And Its Application18. Simple Application of Price Theory19. Concept And Types of Markets20. Review of Cost And Revenue Curves21. Price And Quantity Determination Under Perfect Competition22. Price And Quantity Determination Under Monopoly23. Price And Quantity Determination Under Duopoly24. Agricultural Policies In Nigeria25. Determinants of Supply And Demand For MoneyTHIRD TERM1. Definition of Industrial Concept – Plant, Factory, Firm, Industry And Industrial Estate2. Location And Localization of Industries In Nigeria3. Advantage And Disadvantages of Localization of Industries4. Factors That Influence Location And Localization of Industries5. Problems of Agriculture In Nigeria6. Meaning of Fiscal Policy In Public Finance7. Objectives of Public Finance8. Revenue Allocation (Including Resource Control) 9. Sources of Government Revenue10. Meaning of Balanced Budget11. Reasons for Balanced Budget12. Meaning of Surplus And Deficit Budget13. Ways of Financing Deficit Budget And Their Effects14. Meaning of National Income Concepts And Their Uses 15. Ways of Measuring National Income And Their Limitations 16. Uses and Limitations of National Income Estimates17. Trends And Structure of National Income18. Money Market Institutions19. Capital Market Institutions20. Other Market Agencies21. Functions of Capital Market Institutions22. How The Stock Exchange Operates23. Secondary And Primary Markets24. Value of Money And The Price Level25. Meaning And Types of Inflation26. Causes & Effects of Inflation/Deflation27. Control of Inflation/Deflation28. Inflation In Nigeria