Economics Scheme of Work Lagos NAPPS (SS1 – SS3)
Lagos State Unified Scheme of work Economics for SSS1 -SSS3 – Edudelight.com
Economics Scheme of work for Senior Secondary School
First Term SS1 Economics Scheme of Work Lagos State NAPPS
WEEKS TOPICS
WEEK 1 MEANING OF ECONOMICS
WEEK 2 ECONOMICS AS A SCIENCE, ARTS OR SOCIAL SUBJECT
WEEK 3 BASIC CONCEPTS OF ECONOMICS
WEEK 4 IMPORTANCE OF OPPORTUNITY COST
WEEK 5 BASIC ECONOMICS PROBLEMS OF SOCIETY
WEEK 6 BASIC TOOLS OF ECONOMICS ANALYSIS
WEEK 7 DATA COLLECTION AND PRESENTATION
WEEK 8 THEORY OF PRODUCTION
WEEK 9 LAND AS A FACTOR OF PRODUCTION
WEEK 10 LABOUR AS A FACTOR OF PRODUCTION
WEEK 11 REVISION
WEEK 12 EXAMINATION
First Term SS2 Economics Scheme of Work Lagos State NAPPS
| WEEKS | TOPICS |
| 1 | Basic tools for Economics Analysis; measures of central tendency (mean, median, mode, using grouped data) |
| 2 | Measures of dispersion; range, variance, mean deviation, standard deviation |
| 3 | Theory of consumer behavior; concept of utility (Tu, Au, & Mu(, law of diminishing marginal utility |
| 4 | Demand and supply; change in quantity demanded, Demand and supply; change in quantity supplied, change in supply, effects of changes in demand and supply on equilibrium price and quantity. |
| 5 | Elasticity of supply; meaning, types and measurement of elasticity of supply. (Graphical illustration), importance of elasticity of supply to consumers, producers and government. |
| 6 | Elasticity of Demand; meaning, types and measurement of elasticity of demand. (Graphical illustration), importance of elasticity of demand to consumers, producers and government. |
| 7 | Income elasticity of demand; definition, types (positive and negative), measurement of Income elasticity of demand |
| 8 | Cross elasticity of demand, definition, measurement of cross elasticity of demand |
| 9 | Price control / legislation; meaning, types (minimum and maximum) |
| 10 | Rationing and hoarding; meaning of Rationing and hoarding, effects of Rationing and hoarding, black markets and its effects. |
| 11 – 12 | Revision and Examination |
First Term SS3 Economics Scheme of Work Lagos State NAPPS
WEEK 1: Economic Lessons from Asian Tigers Japan, Europe and America
WEEK 2: Human capital development.
WEEK 3. Petroleum and the Nigerian economy.
WEEK 4. Manufacturing and Construction
WEEK 5. Service Industries
WEEK 6. Agencies that regulate the financial market.
WEEK 7. Function and roles of regulatory agencies.
WEEK 8. International Trade.
WEEK 9. International Trade.
WEEK 10. Balance of payments.
WEEK 11. Revision
WEEK 12. Examination
Second Term SS1 Economics Scheme of Work Lagos NAPPS
Week 1: Revision of first term’s examination.
Production: Capital as a factor of production:
– Meaning
– Types
– Characteristics
– Importance of capital
Entrepreneur as a factor of production
– Meaning and function
Week 2: Division of labour:
– Meaning/Origin
– Advantages and disadvantages
– Limitations
Specialization:
– Meaning
– Advantages and disadvantages
Week 3: Scale of production (small, medium and large)
– Meaning of scale of production
– Characteristics of scale of production (international and external economies of scale)
– Internal and external economies.
Week 4: Firm and industry:
– Definition of firm, plant and industry
– Factors that determine the size of a firm.
– Concept of total – product (TP), Marginal product (MP) and average product (MP) and average product (AP)
Note: with table and graphical illustrations.
Week 5: Business organization:
– Meaning and Types
– Sole proprietorship and partnership
– Their meaning
– Characteristics
– Source of fund
– Advantages and disadvantages
– Contribution to the economy.
Week 6: Joints stock companies:
-Private and public liability companies
– Characteristics
– Advantages and disadvantages
– Contribution to the economy
– Shares, bonds, debentures etc.
Week 7: Co-operative societies:
- Meaning
- Features
- Advantages and disadvantages
Public Enterprises:
– Meaning
– Features
– Reasons for setting up
– Merits
– Demerits
Week 8: Population:
- Definition
- Determinations of population size
- Population growth: (increasing population and ageing) declining population.
- Implications of size and growth of population.
Week 9: Population Census:
– Definition
– Types
– Importance (uses)
– Problems
Population structure or distribution (sex, age geographical and occupational distribution)
Week 10: Theories of Population
– Malthusian theory
– Demographic transition theory
– Population and economic development: Under population optimum and over population.
How to control population growth.
Week 11: Labour Market
– Definition
– Concept of labour force
– Factors affecting the size of labour force
– Mobility of labour (meaning, types and importance).
Week 12: Examinations
Lagos State Unified Scheme of work Economics SS2 Second Term -NAPPS
WEEK 1; Revision of last term’s work
PRODUCTION: Production Possibility Curve:
– Meaning and Graphical illustration
– Law of variable proportion.
– Concepts of total, average and marginal productivity.
WEEK 2; COST CONCEPT:
– Meaning of cost of production
– Meaning of cost to an accountant and economist
– Types of cost (TC, FC, VC, AFC, MC etc.)
Explain with schedule and graph.
– Short and long run cost.
WEEK 3; REVENUE CONCEPT
– Meaning of revenue to an economist
– Types total, average and marginal revenue)
– Graphical illustration, schedule and curve
– Calculations.
WEEK 4; ECONOMIC SYSTEM
– Meaning economic system
– Types of Economic system (capitalism, socialism, mixed economy and welfarism)
– Feature of each
– Factors to be considered in the adoption of economy system.
WEEK 5; LABOUR MARKET
– Meaning of labour market
– Concept of labour force
– Factors affecting the size of labour force
– Efficiency and mobility of labour.
WEEK 6; SUPPLY AND DEMAND FOR LABOUR:
– Wages determination.
– Unemployment (meaning and types)
– Trade Union.
WEEK 7; MARKET STRUCTURES
– Meaning and Types of market (perfect and imperfect)
– Perfect market (meaning, features and market equilibrium position) (=MR=MC=AR=D)
WEEK 8; IMPERFECT MARKET
– Meaning and types with graphical illustrations.
– Price discrimination
– Equilibrium position (short and long run).
WEEK 9; INDUSTRIES IN NIGERIA:
– Meaning of plants, firm, industry and factory
– Types of industries (mining, construction etc.)
WEEK 10; LOCATION OF INDUSTRY
– Meaning of location of industry
– Factors affecting location of industry
– Localization of industry (Meaning)
– Factors affecting localization of industry
– Advantages and disadvantages of localization of industries.
WEEK 11; Revision
WEEK 12; Examination.
Lagos State Unified Scheme of work Economics SS3 Second Term -NAPPS
WEEK 1; ECONOMIC GROWTH AND DEVELOPMENT:
– Definition and distinctions between economic growth and development.
– Under development and its characteristics
– Solutions to under development
– Strategies for economic development.
WEEK 2; ECONOMIC DEVELOPMENT PLANNING
– Meaning and reasons of planning
– Types of plan
– Problems of planning
– Nigerian’s planning experiences.
WEEK 3; INTERNATIONAL ECONOMIC ORGANIZATION:
– Historical development of these organizations (ECOWAS, ECA, IMF, IBRD, ADB, OPEC, WACH, GATT, UNCTAD).
– Aims, objectives and roles of the organization.
WEEK 4; CURRENT ECONOMIC PLANS; MDG’S, NEED VISION 2020
– Meaning and objectives of MDG’s NEEDS VISION 2020.
WEEK 5; ECONOMIC DEVELOPMENT CHALLENGES:
– Meaning and effects of poverty
– Methods of poverty alleviation and eradication
– Agencies for poverty alleviation (NAPEP, NDE etc.)
– HIV/AIDS and the economy
– Corruption and the economy
– Power and energy inadequacy
WEEK 6; ECONOMIC REFORM PROGRAMMS:
– Consolidation of financial institutions.
– Privatization and commercialization
– EFCC and ICPC
– NAFDAC
– SON
WEEK 7 – 12; MOCK AND WAEC EXAMINATION.
Lagos State Scheme of work Economics SS1 Third Term
| 024 | ECONOMICS |
| 1 | Revision of 2nd term unified examination DISTRIBUTIVE TRADE Meaning Channel of distributionProcess of distributionWholesalers (function to producers and retailers)Retailers (functions to wholesaler and consumers) |
| 2 | MIDDLEMEN Argument for or against the elimination of middlemenProblems of product distribution in NigeriaWays of improving the system of distribution of consumer goods in NigeriaRoles of government agencies in product distribution |
| 3 | MONEY Definition of money and its origin Trade by barter system and its deficienciesTypes of money (including credit card, value card, ICT, aider payment instruments such as ATM, Quick teller, paga, cashless teller machine etc)Characteristics of moneyFunction of money |
| 4 | FINANCIAL INSTITUTIONS Meaning of financial institutionsTypes (traditional, Commercial Banks meaning, functions and creation of credit and its limitations; Central Bank meaning function, weapons of controlling Commercial Banks and its contribution to economic development |
| 5 | CONCEPT OF DEMAND AND SUPPLY DEMAND Meaning of demandLaw of demandSchedule and curveTypes of demandFactors affecting demand |
| 6 | SUPPLY Meaning of supplyLaw of supplySchedule and curveTypes of supplyFactors affecting supply |
| 7 | EQUILIBRIUM PRICE/PRICE DETERMINATION MeaningUse of hypothetical schedule and graph to determine equilibrium priceCalculation from hypothetical table from equations of demand and supply (i.eQd = Qs)Meaning and functions of the price system and other means of determining prices |
| 8 | THE NATURE OF THE NIGERIAN ECONOMY General overview of the Nigeria economyNature and structure of industries in NigeriaContributions of primary, secondary and tertiary sectorExplain economic activities of the six-geo-political zones |
| 9 | AGRICULTURE MeaningComponents/structureSystems of agricultureContributions to the economyProblems and solutions of agricultureAgriculture policies in Nigeria (OFN, RBOA, NAFPP, Green revolution) |
| 10 | MINING MeaningComponents of the Nigerian mining industryMinerals (types, uses and locations) |
| 11 | REVISION |
| 12 | EXAMINATION |
Lagos State Scheme of work Economics SS2 Third Term – NAPPS
| 024 | ECONOMICS |
| 1 | Revision of last term’s work MONEY: Motives for holding moneyDemand for and supply of moneyElementary quantity theory of moneyValue of money and price level |
| 2 | FINANCIAL INSTITUTION Money market (meaning, function and instruments used)Capital market (meaning, function and instruments used) |
| 3 | INFLATION Meaning, types, causes of inflationEffects and controls of inflation Deflation Meaning and causesEffects and controls |
| 4 | PUBLIC FINANCES Meaning objectivesTaxation (meaning, types (direct and indirect)Advantages and Disadvantages |
| 5 | SOURCES OF GOVERNMENT REVENUE Importance of taxation/effectsStructures of pulic expenditure (re-current and capital expenditure) |
| 6 | BUDGET Meaning, types and importanceNational Debt (meaning and types)Financing deficit budgetRevenue Allocation in Nigeria |
| 7 | CAPITAL MARKET Meaning and functionsStock ExchangeHow Stock Exchange operatesSecondary and Primary marketDevelopment Bank (functions) |
| 8 | NATIONAL INCOME Meaning and concept (GDP, GNP, NNP)Measurement of National incomeProblems of measuring National incomeUse of National income |
| 9 | THEORY INCOME DETERMINATION Circular flow of incomeConcepts of investment, consumption and savings |
| 10 | THEORY OF MULTIPLIER Meaning of the theory of multiplier Equilibrium level of incomeMultiplier effect |
| 11 | REVISION |
| 12 | EXAMINATION |
Economics Scheme of work NAPPS
First Term SS1 Economics Scheme of Work Lagos State NAPPS
WEEKS TOPICS
WEEK 1 MEANING OF ECONOMICS
WEEK 2 ECONOMICS AS A SCIENCE, ARTS OR SOCIAL SUBJECT
WEEK 3 BASIC CONCEPTS OF ECONOMICS
WEEK 4 IMPORTANCE OF OPPORTUNITY COST
WEEK 5 BASIC ECONOMICS PROBLEMS OF SOCIETY
WEEK 6 BASIC TOOLS OF ECONOMICS ANALYSIS
WEEK 7 DATA COLLECTION AND PRESENTATION
WEEK 8 THEORY OF PRODUCTION
WEEK 9 LAND AS A FACTOR OF PRODUCTION
WEEK 10 LABOUR AS A FACTOR OF PRODUCTION
WEEK 11 REVISION
WEEK 12 EXAMINATION
First Term SS2 Economics Scheme of Work Lagos State NAPPS
| WEEKS | TOPICS |
| 1 | Basic tools for Economics Analysis; measures of central tendency (mean, median, mode, using grouped data) |
| 2 | Measures of dispersion; range, variance, mean deviation, standard deviation |
| 3 | Theory of consumer behavior; concept of utility (Tu, Au, & Mu(, law of diminishing marginal utility |
| 4 | Demand and supply; change in quantity demanded, Demand and supply; change in quantity supplied, change in supply, effects of changes in demand and supply on equilibrium price and quantity. |
| 5 | Elasticity of supply; meaning, types and measurement of elasticity of supply. (Graphical illustration), importance of elasticity of supply to consumers, producers and government. |
| 6 | Elasticity of Demand; meaning, types and measurement of elasticity of demand. (Graphical illustration), importance of elasticity of demand to consumers, producers and government. |
| 7 | Income elasticity of demand; definition, types (positive and negative), measurement of Income elasticity of demand |
| 8 | Cross elasticity of demand, definition, measurement of cross elasticity of demand |
| 9 | Price control / legislation; meaning, types (minimum and maximum) |
| 10 | Rationing and hoarding; meaning of Rationing and hoarding, effects of Rationing and hoarding, black markets and its effects. |
| 11 – 12 | Revision and Examination |
First Term SS3 Economics Scheme of Work Lagos State NAPPS
WEEK 1: Economic Lessons from Asian Tigers Japan, Europe and America
WEEK 2: Human capital development.
WEEK 3. Petroleum and the Nigerian economy.
WEEK 4. Manufacturing and Construction
WEEK 5. Service Industries
WEEK 6. Agencies that regulate the financial market.
WEEK 7. Function and roles of regulatory agencies.
WEEK 8. International Trade.
WEEK 9. International Trade.
WEEK 10. Balance of payments.
WEEK 11. Revision
WEEK 12. Examination
Second Term SS1 Economics Scheme of Work Lagos NAPPS
Week 1: Revision of first term’s examination.
Production: Capital as a factor of production:
– Meaning
– Types
– Characteristics
– Importance of capital
Entrepreneur as a factor of production
– Meaning and function
Week 2: Division of labour:
– Meaning/Origin
– Advantages and disadvantages
– Limitations
Specialization:
– Meaning
– Advantages and disadvantages
Week 3: Scale of production (small, medium and large)
– Meaning of scale of production
– Characteristics of scale of production (international and external economies of scale)
– Internal and external economies.
Week 4: Firm and industry:
– Definition of firm, plant and industry
– Factors that determine the size of a firm.
– Concept of total – product (TP), Marginal product (MP) and average product (MP) and average product (AP)
Note: with table and graphical illustrations.
Week 5: Business organization:
– Meaning and Types
– Sole proprietorship and partnership
– Their meaning
– Characteristics
– Source of fund
– Advantages and disadvantages
– Contribution to the economy.
Week 6: Joints stock companies:
-Private and public liability companies
– Characteristics
– Advantages and disadvantages
– Contribution to the economy
– Shares, bonds, debentures etc.
Week 7: Co-operative societies:
- Meaning
- Features
- Advantages and disadvantages
Public Enterprises:
– Meaning
– Features
– Reasons for setting up
– Merits
– Demerits
Week 8: Population:
- Definition
- Determinations of population size
- Population growth: (increasing population and ageing) declining population.
- Implications of size and growth of population.
Week 9: Population Census:
– Definition
– Types
– Importance (uses)
– Problems
Population structure or distribution (sex, age geographical and occupational distribution)
Week 10: Theories of Population
– Malthusian theory
– Demographic transition theory
– Population and economic development: Under population optimum and over population.
How to control population growth.
Week 11: Labour Market
– Definition
– Concept of labour force
– Factors affecting the size of labour force
– Mobility of labour (meaning, types and importance).
Week 12: Examinations
Lagos State Unified Scheme of work Economics SS2 Second Term -NAPPS
WEEK 1; Revision of last term’s work
PRODUCTION: Production Possibility Curve:
– Meaning and Graphical illustration
– Law of variable proportion.
– Concepts of total, average and marginal productivity.
WEEK 2; COST CONCEPT:
– Meaning of cost of production
– Meaning of cost to an accountant and economist
– Types of cost (TC, FC, VC, AFC, MC etc.)
Explain with schedule and graph.
– Short and long run cost.
WEEK 3; REVENUE CONCEPT
– Meaning of revenue to an economist
– Types total, average and marginal revenue)
– Graphical illustration, schedule and curve
– Calculations.
WEEK 4; ECONOMIC SYSTEM
– Meaning economic system
– Types of Economic system (capitalism, socialism, mixed economy and welfarism)
– Feature of each
– Factors to be considered in the adoption of economy system.
WEEK 5; LABOUR MARKET
– Meaning of labour market
– Concept of labour force
– Factors affecting the size of labour force
– Efficiency and mobility of labour.
WEEK 6; SUPPLY AND DEMAND FOR LABOUR:
– Wages determination.
– Unemployment (meaning and types)
– Trade Union.
WEEK 7; MARKET STRUCTURES
– Meaning and Types of market (perfect and imperfect)
– Perfect market (meaning, features and market equilibrium position) (=MR=MC=AR=D)
WEEK 8; IMPERFECT MARKET
– Meaning and types with graphical illustrations.
– Price discrimination
– Equilibrium position (short and long run).
WEEK 9; INDUSTRIES IN NIGERIA:
– Meaning of plants, firm, industry and factory
– Types of industries (mining, construction etc.)
WEEK 10; LOCATION OF INDUSTRY
– Meaning of location of industry
– Factors affecting location of industry
– Localization of industry (Meaning)
– Factors affecting localization of industry
– Advantages and disadvantages of localization of industries.
WEEK 11; Revision
WEEK 12; Examination.
Lagos State Unified Scheme of work Economics SS3 Second Term -NAPPS
WEEK 1; ECONOMIC GROWTH AND DEVELOPMENT:
– Definition and distinctions between economic growth and development.
– Under development and its characteristics
– Solutions to under development
– Strategies for economic development.
WEEK 2; ECONOMIC DEVELOPMENT PLANNING
– Meaning and reasons of planning
– Types of plan
– Problems of planning
– Nigerian’s planning experiences.
WEEK 3; INTERNATIONAL ECONOMIC ORGANIZATION:
– Historical development of these organizations (ECOWAS, ECA, IMF, IBRD, ADB, OPEC, WACH, GATT, UNCTAD).
– Aims, objectives and roles of the organization.
WEEK 4; CURRENT ECONOMIC PLANS; MDG’S, NEED VISION 2020
– Meaning and objectives of MDG’s NEEDS VISION 2020.
WEEK 5; ECONOMIC DEVELOPMENT CHALLENGES:
– Meaning and effects of poverty
– Methods of poverty alleviation and eradication
– Agencies for poverty alleviation (NAPEP, NDE etc.)
– HIV/AIDS and the economy
– Corruption and the economy
– Power and energy inadequacy
WEEK 6; ECONOMIC REFORM PROGRAMMS:
– Consolidation of financial institutions.
– Privatization and commercialization
– EFCC and ICPC
– NAFDAC
– SON
WEEK 7 – 12; MOCK AND WAEC EXAMINATION.
Lagos State Scheme of work Economics SS1 Third Term
| 024 | ECONOMICS |
| 1 | Revision of 2nd term unified examination DISTRIBUTIVE TRADE Meaning Channel of distributionProcess of distributionWholesalers (function to producers and retailers)Retailers (functions to wholesaler and consumers) |
| 2 | MIDDLEMEN Argument for or against the elimination of middlemenProblems of product distribution in NigeriaWays of improving the system of distribution of consumer goods in NigeriaRoles of government agencies in product distribution |
| 3 | MONEY Definition of money and its origin Trade by barter system and its deficienciesTypes of money (including credit card, value card, ICT, aider payment instruments such as ATM, Quick teller, paga, cashless teller machine etc)Characteristics of moneyFunction of money |
| 4 | FINANCIAL INSTITUTIONS Meaning of financial institutionsTypes (traditional, Commercial Banks meaning, functions and creation of credit and its limitations; Central Bank meaning function, weapons of controlling Commercial Banks and its contribution to economic development |
| 5 | CONCEPT OF DEMAND AND SUPPLY DEMAND Meaning of demandLaw of demandSchedule and curveTypes of demandFactors affecting demand |
| 6 | SUPPLY Meaning of supplyLaw of supplySchedule and curveTypes of supplyFactors affecting supply |
| 7 | EQUILIBRIUM PRICE/PRICE DETERMINATION MeaningUse of hypothetical schedule and graph to determine equilibrium priceCalculation from hypothetical table from equations of demand and supply (i.eQd = Qs)Meaning and functions of the price system and other means of determining prices |
| 8 | THE NATURE OF THE NIGERIAN ECONOMY General overview of the Nigeria economyNature and structure of industries in NigeriaContributions of primary, secondary and tertiary sectorExplain economic activities of the six-geo-political zones |
| 9 | AGRICULTURE MeaningComponents/structureSystems of agricultureContributions to the economyProblems and solutions of agricultureAgriculture policies in Nigeria (OFN, RBOA, NAFPP, Green revolution) |
| 10 | MINING MeaningComponents of the Nigerian mining industryMinerals (types, uses and locations) |
| 11 | REVISION |
| 12 | EXAMINATION |
Lagos State Scheme of work Economics SS2 Third Term – NAPPS
| 024 | ECONOMICS |
| 1 | Revision of last term’s work MONEY: Motives for holding moneyDemand for and supply of moneyElementary quantity theory of moneyValue of money and price level |
| 2 | FINANCIAL INSTITUTION Money market (meaning, function and instruments used)Capital market (meaning, function and instruments used) |
| 3 | INFLATION Meaning, types, causes of inflationEffects and controls of inflation Deflation Meaning and causesEffects and controls |
| 4 | PUBLIC FINANCES Meaning objectivesTaxation (meaning, types (direct and indirect)Advantages and Disadvantages |
| 5 | SOURCES OF GOVERNMENT REVENUE Importance of taxation/effectsStructures of pulic expenditure (re-current and capital expenditure) |
| 6 | BUDGET Meaning, types and importanceNational Debt (meaning and types)Financing deficit budgetRevenue Allocation in Nigeria |
| 7 | CAPITAL MARKET Meaning and functionsStock ExchangeHow Stock Exchange operatesSecondary and Primary marketDevelopment Bank (functions) |
| 8 | NATIONAL INCOME Meaning and concept (GDP, GNP, NNP)Measurement of National incomeProblems of measuring National incomeUse of National income |
| 9 | THEORY INCOME DETERMINATION Circular flow of incomeConcepts of investment, consumption and savings |
| 10 | THEORY OF MULTIPLIER Meaning of the theory of multiplier Equilibrium level of incomeMultiplier effect |
| 11 | REVISION |
| 12 | EXAMINATION |
First Term SS1 Economics Scheme of Work NAPPS
First Term SS1 Economics Scheme of Work NAPPS
