Economics in Senior Secondary School 1 (SS1) comprises essential topics such as the definition and scope of economics, differences between microeconomics and macroeconomics, and the basic economic problem of scarcity and choice. Students learn about the factors of production, various economic systems, demand and supply, and the role of money. The SSS1 unified scheme of work on Economics is designed for students to develop an understanding of how economic activities influence them as individuals, businesses, and governments.
Economics in senior secondary school offers students a thorough understanding of how economies operate and the factors that impact economic activities. The Lagos state unified scheme of work for Economics combines theoretical and practical knowledge highlighting the importance of economic literacy in understanding global issues and contributing to national development.
In senior secondary school 1, students are assessed in Economics 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 | ||
| Economics Scheme of Work for Senior Secondary Schools 1(SSS1) | ||
| Class | S.S.S 1 | |
| Subject | Economics | |
| Term | First Term | |
| Week | Topic | Breakdown |
| SUB THEME: PRINCIPLES OF ECONOMICS | ||
| 1 | Meaning of Economics and related concept | 1. Definition and scope 2. Importance and Methodology 3. Economics as a science |
| 2 | Meaning of Economics and related concepts. | 1. Concept of want and scarcity 2. Scale of preference, choice 3. Opportunity cost. |
| 3 | Basic Tools of Economics Analysis | 1. Definition and meaning 2. Tables, characteristics and importance 3. Graphs, features and importance 4. Chart; (pie chart), Bar chart, Pictogram, histograms. |
| 4 | Basic Tools for Economics Analysis (cont) | 1. Arithmetic means; Definition, advantages, and disadvantages 2, Median; Meaning, advantage, and disadvantage. 3. Mode; Meaning, advantage, and disadvantage |
| 5 | Concept of Demand and Supply. | 1. Price system; Definition, Type, Objective: 2. Definition of Demand; law of Demand 3.Demand schedule and curve |
| 6 | Concept of Demand and Supply. | 1. Definition of Supply, law of Supply. 2.Supply schedules and curves. 3. Determinants of equilibrium price. |
| 7 | Theory of Production. | Meaning of production (direct and indirect, primary, secondary and tertiary). |
| 8 | Theory of Production. | 1. Factor of production: Definition and meaning (Land, Labor, capital, Entrepreneur ). 2. Reward for factors of production. |
| 9 | Division of labour and specialization. | 1. Definition and meaning. 2. advantages and disadvantages. 3. Limitation to division of labour and specialization. |
| 10 | Scale of production | 1. Definition and meaning 2. Types (internal economics and sinter diseconomies, external economies and diseconomies of scale). 3. Classification of internal economies of large-scale production. Limitation to the scale of production. |
| 11 | Revision | |
| 12 | Examination | |
| Term | Second Term | |
| Week | Topic | Breakdown |
| THEME 2: ECONOMICS SYSTEMS | ||
| 1 | Basic economic problems of Every Society | 1.definition and meaning 2.types of economic system,(Capitalism, socialism, mix economy) 3.Advantages and disadvantages |
| 2 | Basic economic problems of every society (cont) | 1. What to produce? 2. How to produce? 3. for whom to produce? 4. Efficiency of resource use. |
| THEME 3: BUSINESS ORGANIZATION | ||
| 3 | Firms and industry | 1. definition and meaning 2. types and basic features of business enterprises 3. general and specific problems of business enterprises |
| 4 | Firms and industry | 1.Private and public companies; definition 2.Characteristics of private and public companies 3.Distintion between private and public companies |
| 5 | Firms and industry | Definition and meaning 1. quoted and unquoted 2. definition and distinction 3. share, debentures and bonds |
| THEME 4: POPULATION,LABOR MARKET AND HOUSE CAPITAL DEVELOPMENT | ||
| 6 | Population | 1. Definition and meaning. 2. Important o f population census. 3. Problems of population census. |
| 7 | Population | 1.Determination of population (birth rate, death rate, and migration). 2.Implication of population size and growth. 3.Cover, under and optimum population growth and declining population. |
| 8 | Theory of population | 1. Malthusian’s theory of population. 2. Demographic transitional theory. |
| 9 | Population distribution | 1.Geographical, age distribution. 2.Occupational, sex distribution. 3.Rural-Urban Migration |
| 10 | Labour market | 1. Concept of labour force. 2. Efficiency and mobility of labour 3. Factor affecting the size of p.T.O. Labour force (age, sex, occupation, education). |
| 11 | Revision | |
| 12 | Examination | |
| Term | Third Term | |
| Week | Topic | Breakdown |
| SUB THEME 5: STRUCTURE OF THE NIGERIAN ECONOMY | ||
| 1 | The nature of Nigerian economy | 1. General overview of the Nigerian economy and its economic potential. 2. Nature and Structure of Industries in Nigeria. 3. Contribution of the primary, secondary, and tertiary sectors. |
| 2 | Agriculture | 1.Definition and mining 2. Components of Agriculture:crop production, live stock, forestry, fishing. 3.systems of Agriculture (Cultivation method) peasant farming, plantation farming, mechanized farming, co-operative farming |
| 3 | Agriculture | 1.Importance of Agriculture to the Nigeria Economy 2.Activities of the marketing boards in Nigeria. |
| 4 | Mining | 1.Definition and Mining. 2.Componentsof the Nigerian Mining industry. 3. Minerals, types, uses and location. |
| 5 | Financial Institutions | 1. Meaning and segment of the financial system. 2. Money and capital market. 3. Benefits of capital market. |
| 6 | Money | 1.Definition and meaning. 2.Historical development of Money. 3. Functions and types of Money (credit card, value card, e.t.c.) |
| 7 | Money | 1. Characteristics of Money. 2. Qualities of good Money. |
| SUB THEME 6: DISTRIBUTIVE TRADE | ||
| 8 | Channels of distribution | 1.Definition and meaning. 2.Channels and process of distribution. 3.Rolesof the wholesalers, retailers and co-operatives in product distribution. 4.Role of government agencies in product distribution. 5.Problems of distribution. |
| SUB THEME 7:BUSINESS FINANCE | ||
| 9 | Instrument of business finance | 1.Sources of fund for business. 2.Basic instruments for business financing (Shares, debentures and bonds). 3.Meaning and types of share, debentures and other securities |
| 10 | Instrument of business finance | Problems of business in Nigeria. |
| 11 | Revision | |
| 12 | Examination | |
The recommended Economics textbooks for SSS1 include but are not limited to the following:
Africana First Publishers Plc.
Africana First Publisher Plc SS 1-3
Learn Africa SS 1-3
Mid-Field Publishers SS 1-3
University Press SS 1-3
