SS2 Economics Lesson Notes
FIRST TERM
SECOND TERM
1. 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 Money THIRD TERM