Scheme of work for secondary Economics Senior Secondary School 2
ECONOMICS SS2 SCHEME OF WORK
FIRST TERM
Topic: Basic Tools for Economic Analysis
- Measures of Central Tendency
- Mean, median, mode (using grouped data).
- Measures of Dispersion
- Range, variance, mean deviation, standard deviation.
Topic: Theory of Consumer Behaviour
3. Concept of Utility
- Total Utility (TU), Average Utility (AU), Marginal Utility (MU).
- Law of Diminishing Marginal Utility
- Relationship between marginal utility and demand curve.
- Utility Maximization
Topic: Demand and Supply
6. Concepts
- Change in quantity demanded, change in demand.
- Change in supply, effects of changes on equilibrium price and quantity.
Topic: Elasticity of Demand
7. Meaning, Types, and Measurement
- Graphical illustration.
- Importance
- To consumers, producers, and government.
Topic: Elasticity of Supply
9. Meaning, Types, and Measurement
- Graphical illustration.
- Importance
- To consumers, producers, and government.
Topic: Income Elasticity of Demand
11. Definition and Types
– Positive and negative.
12. Measurement
Topic: Cross Elasticity of Demand
13. Definition and Measurement
Topic: Price Control/Legislation
14. Meaning and Types
– Minimum and maximum price.
15. Rationing and Hoarding
– Meaning, effects, and black market consequences.
Revision and Examination
SECOND TERM
Topic: Production Possibility Curve
- Meaning and Graphical Illustration
Topic: Law of Variable Proportion
2. Concepts
- Total, average, and marginal productivity.
Topic: Cost Concept
3. Meaning of Cost of Production
- Accountant’s vs. Economist’s perspective.
- Types of Cost
- Total Cost (TC), Fixed Cost (FC), Variable Cost (VC), Average Fixed Cost (AFC), Marginal Cost (MC).
- Schedule and Graphs
Topic: Revenue Concept
6. Meaning and Types
- Total, average, and marginal revenue.
- Graphical Illustration
Topic: Economic System
8. Types and Features
- Capitalism, socialism, mixed economy, and welfarism.
Topic: Labour Market
9. Concepts
- Labour force, size, efficiency, and mobility.
- Wage Determination and Unemployment
- Meaning and types.
- Trade Union
Topic: Market Structure
12. Types
– Perfect and imperfect markets.
13. Price Determination and Equilibrium
– Graphical illustrations.
Topic: Industries in Nigeria
14. Concepts
– Plants, firms, industries, and factories.
15. Location and Localization of Industry
– Factors, advantages, and disadvantages.
Revision and Examination
THIRD TERM
Topic: Money
- Motive for Holding Money
- Demand and Supply of Money
- Quantity Theory of Money
- Value of Money and Price Level
Topic: Financial Institutions
5. Money Market
- Meaning, functions, and instruments.
- Capital Market
- Meaning, functions, and instruments.
Topic: Inflation and Deflation
7. Meaning, Types, Causes, and Controls
8. Effects of Inflation and Deflation
Topic: Public Finance
9. Meaning and Objectives
10. Taxation
– Meaning, types (direct and indirect), advantages, and disadvantages.
11. Sources of Government Revenue
Topic: Budget
12. Meaning, Types, and Importance
13. National Debt
– Meaning, types, and financing deficit budget.
Topic: Revenue Allocation in Nigeria
14. Capital Market and Stock Exchange
15. National Income
– Meaning, GDP, GNP, and NNP.
– Measurement and problems.
Revision and Examination