Commerce involves a detailed study of trade, business activities, and the economic processes that enable the exchange of goods and services. This scheme of work by the Lagos State Government is designed to provide students with the foundational knowledge and skills needed to understand and participate in commercial activities.
The subject introduces students to fundamental principles and practices of commerce, covering areas such as trade, business organization, financial institutions, and economic systems. Students learn how goods and services are produced, distributed, and consumed in an economy by delving into these topics. Commerce is crucial for SSS1 students in Nigeria as it helps them have a basic understanding of business and trade, and offers a comprehensive understanding of the commercial activities driving economic growth and development in Nigeria and beyond.
In senior secondary school 1, students are assessed in Commerce based on the school’s prerogative. However, typically, they are evaluated through tests or quizzes (Continuous Assessment Tests) and end-of-term exams.
Grading follows a scale from A to F, with A representing excellent performance, typically scoring around 70% or 80%, and F indicating failure, usually below 50% or 45%.
| LAGOS STATE MINISTRY OF EDUCATION: UNIFIED SCHEMES OF WORK FOR SENIOR SECONDARY SCHOOLS | ||
| Commerce Scheme of Work for Senior Secondary Schools 1(SSS1) | ||
| Class | S.S.S 1 | |
| Subject | Commerce | |
| Term | First Term | |
| Week | Topic | Breakdown |
| SUB THEME: BASIC INFORMATION | ||
| 1 | Introduction to commerce | 1. Meaning 2. Scope 3. Functions |
| 2 | Introduction to commerce | 1. Characteristics 2. E-commerce. -Measuring -Functions |
| 3 | History of Commerce | 1. Historical background 2. Factors affecting the growth of commerce |
| 4 | History of Commerce | 1. The barter system 2. Problems of barter 3. Advantages and disadvantages |
| 5 | Occupation | 1. Meaning 2. Classification -Industrial occupation -Commercial occupation -Services occupation |
| 6 | Occupation | Factors that determine types of occupation and employment. |
| 7 | Production | 1. Meaning of production. 2. Factors of production 3. Division of labour 4.Specialization 5. Exchange. |
| 8 | Production | 1. classification of production primary industry extractive manufacturing construction secondary -Trade -Aide to Trade Tertiary -Direct and -Indirect |
| 9 | Trade | 1. Types of trade -Home trade -foreign trade -entreport trade 2. Relationship between/among the different types of trade |
| 10 | Home Trade | 1. Meaning of Home traded 2. Characteristics and functions of retail trade. 3. Factors to be considered in settingup a retail trade. |
| 11 | Revision | |
| 12 | Examination | |
| Term | Second Term | |
| Week | Topic | Breakdown |
| SUB THEME: TRADE AND BUSINESS ORGANIZATION | ||
| 1 | Home trade continues | 1. Discuss small scale retailer e.g. hawkers, mobile shops etc. 2. Large scale retailer e.g. super market, mail order etc. |
| 2 | Home trade continues | 1. Modern trends in retailing -Branding -Self service -After sales service -Vending machine -Pre-packing -credit card |
| 3 | Home trade continues | 1. main characteristicof large scale and small scale retailers. 2. Advantages of large scale and small scale retails. |
| 4 | Home trade continues | Reason why retail business may fail |
| 5 | Home trade continues | Wholesale trade -Channel of distribution -Survival process -Functions of agent -Types ofware houses -Necessary document used in home trade -Function of the wholesaler to the producer and retailers |
| 6 | Foreign trade International | 1. Meaning of foreign trade. 2.Types of foreign trade -Bi-lateral foreign trade. -Multi-lateral trade 3. Advantages and disadvantages of foreign trade 4. Barriers to foreign trade |
| SUB THEME: TRADE AND ASSOCIATION | ||
| 7 | Foreign trade | 1. Division of foreign trade. 2. Procedures for foreign trade. 3. Balance of trade and balance of payment. |
| 8 | Foreign trade | 1.Tariffs and reasons for the imposition of tariff. 2. Tools for trade restriction and expert promotion. 3. Necessary document used for foreign trade. |
| 9 | Foreign trade | 1. Functions of customs and exercise. 2. Nigerian export promotion |
| 10 | Foreign trade | 1. Nigerian airport authority. 2. Nigerian ports authority. 3. Functions of each port |
| 11 | Revision | |
| 12 | Examination | |
| Term | Third Term | |
| Week | Topic | Breakdown |
| SUB THEME: TRADE AND BUSINESS ORGANIZATION | ||
| 1 | Commodity exchange | 1. Meaning 2. Types -Agricultural produce -Solid minerals -Oil and Gas |
| 2 | Commodity exchange (cont’d) | Commodity exchange: 1. Meaning 2. Tradable 3. Requirement for trading -Grading system -Warehousing -Clearing system-Standardizing |
| 3 | Commodity exchange (cont’d) | 1. Types -Spot-Forward futures 2. Method of trading: -Open outcry-Electronic |
| 4 | Commodity exchange (cont’d) | Benefits of commodity exchange: -increase in agricultural produce .-stabilization in produce -encourage exploration of solid minerals. -foreign exchange earning. |
| 5 | Commodity exchange (cont’d) | Constraints commodity trading. -In adequate supply -Poor storage -Bad weather -Middle men -Ethical issues -Inadequate knowledge |
| 6 | Commodity exchange (cont’d) | 1. Differentiate between commodities and stocks. 2. Items traded: -Tangible-Intangible Methods of pricing 3. Similarities between commodity and stocks |
| 7 | Sole Proprietorship | Sole proprietorship: 1.meaning 2. sources of capital 3. advantages and disadvantages. 4. features of sole proprietorship |
| 8 | Partnership | Partnership 1. Meaning 2. Types -Normal -Dormant -Limited etc. 3. Sources of capital |
| 9 | Partnership | Partnership 1. Formation and agreement 2. Advantages and disadvantages. 3. Differences betweena partnership and a sole proprietorship |
| 10 | Money | Money: 1.meaning 2. evolution 3. functions 4. qualities / characteristics 5. form/types |
| 11 | Revision | |
| 12 | Examination | |
The recommended Commerce textbooks for SSS1 include but are not limited to the following:
Printing & Packing SS 1-3
New Age Press SS 1-3
University Press SS 1-3
Mis-Fav Publisher Ltd SS 1-3
