SS3 Economics Lesson NotesFIRST TERM1. The Circular Flow of Income2. Concept of Savings, Investment And Consumption And Their Determinants, APC and MPC, APS and MPS3. Equilibrium of Income, Consumption And Investment4. Meaning of International Trade 5. Advantages of International Trade 6. Distinction Between Domestic And International Trade 7. Reasons For International Trade8. Reasons For International Trade9. Principle of Comparative Cost Advantage And Its Limitations 10. Meaning of Globalization11. Features of Globalization12. Challenges And Opportunities Which Globalization Presents To The Nigerian Economy13. Meaning of Balance of Payment 14. Terms of Trade 15. Measurement of Terms of Trade 16. Methods of Correcting Deficit BOP17. Currency Devaluation18. Measurement of Economic Growth And Development19. Underdevelopment20. Characteristics of A Developing/Underdeveloped Economy 21. Problems of Economic Development In Nigeria22. Elements of Economic Planning23. Types of Economic Planning24. Objectives of Planning25. Problems of Planning In Nigeria26. Nigeria’s Planning Experiences27. Objectives of Economic Integration 28. Types of Economic IntegrationSECOND TERM1. ECOWAS As A Case Study2. Objectives of ECOWAS 3. Origin of ECOWAS 4. Achievements And Problems of ECOWAS5. Historical Development of These International Financial Organizations6. The Millennium Development Goals (MDGs) NEEDS7. Vision 20208. Meaning And Effects of Poverty 9. Methods of Poverty Alleviation And Eradication10. Agencies For Poverty Alleviation (NAPEP, NDE etc.)11. Consolidation of Financial Institutions, EFCC, ICPC, NAFDAC & SON12. Privatization And Commercialization Programmes