SS3 Commerce Lesson Notes
1st term
1. Meaning of and need for consumer protection 2. Consumer right and consumption.3. Instrument/agencies for consumer protection e.g rent tribunal, manufacturers association of Nigeria (SON), Professional bodies e.g KAN, ANAN, NBA, NUT e.t.c4. Essential business documents; letter of inquiry, quotation catalogue, order.5. Essential business documents; letter of inquiry, quotation catalogue, order.6. Invoice, receipt, delivery notes, statement of account, debit note, credit note, etc7. Trade terms and abbreviations; meaning of trade terms – FOB, FOR, CWO, EXSHIP, COD, CIF, FAS.8. Cash, credit, or payment in arrears etc Means of payments—legal tender e.g coins, bank notes.9. Terms of trade/ sales through bank e.g cheque, western union, money gram, electronic money transfer, transfer credit card.10. Standing order and bank draft11. Means of payment through post office, stamps, money order, postal order, promissory note.12. Meaning, reasons, advantages and disadvantages of commercialization13. Meaning, reasons, advantages and disadvantages of privatization 14. Meaning, reasons, advantages and disadvantages of deregulation.15. Meaning, reasons, advantages and disadvantages of nationalization 16. Capital markets17. The historical development; 1946 (development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital issue commission.18. The 1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act.19. Stock exchange; meaning and functions, importance, organizational set-up, membership of the stock exchange, procedure of transaction at the stock exchange.20. Securities; meaning, types, shares, stocks, bonds, gilt-edged and debentures.21. Capital market; method of raising fund, offer for sale, offer/subscription, right issue, private placement.22. Speculation; meaning, speculators, bull, bear and stage.23. Bodies that can access the capital market, public companies, government.24. Second tier security market, meaning, advantages to companies, advantages to the investing public.25. Second tier security market; operating regulation, primary and secondary market, first tier and second tier
2nd term
1. ECOWAS, meaning, history, and member countries.2. Objectives, Organs, Achievements, problems of ECOWAS3. The history, Member countries, Objectives, and achievements, Problems of the Niger basin commission 4. Lake Chad Basin Commission (LCBC): History, Member countries, Objectives5. Mano river basin commission: History, Member countries, Objectives.6. Achievements and problems of the Mano River Basin Commission (MRBC):