SS1 Economics Scheme of Work

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About SS1 Economics Scheme of Work

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.

Assessment Guide

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%.

SS1 First Term Scheme of Work for Economics

 LAGOS STATE MINISTRY OF EDUCATION: UNIFIED SCHEMES OF WORK FOR SENIOR SECONDARY SCHOOLS
 Economics Scheme of Work for Senior Secondary Schools 1(SSS1)
 ClassS.S.S 1
 SubjectEconomics
 TermFirst Term
WeekTopicBreakdown
SUB THEME: PRINCIPLES OF ECONOMICS
1Meaning of Economics and related concept1. Definition and scope
2. Importance and Methodology
3. Economics as a science
2Meaning of Economics and related concepts.1. Concept of want and scarcity
2. Scale of preference, choice
3. Opportunity cost.
3Basic Tools of Economics Analysis1. Definition and meaning
2. Tables, characteristics and importance
3. Graphs, features and importance
4. Chart; (pie chart), Bar chart, Pictogram, histograms.
4Basic Tools for Economics Analysis (cont)1. Arithmetic means; Definition, advantages, and disadvantages
2, Median; Meaning, advantage, and disadvantage.
3. Mode; Meaning, advantage, and disadvantage
5Concept of Demand and Supply.1. Price system; Definition, Type, Objective:
2. Definition of Demand; law of Demand
3.Demand schedule and curve
6Concept of Demand and Supply.1. Definition of Supply, law of Supply.
2.Supply schedules and curves.
3. Determinants of equilibrium price.
7Theory of Production.Meaning of production (direct and indirect, primary, secondary and tertiary).
8Theory of Production.1. Factor of production: Definition and meaning (Land, Labor, capital, Entrepreneur ).
2. Reward for factors of production.
9Division of labour and specialization.1. Definition and meaning.
2. advantages and disadvantages.
3. Limitation to division of labour and specialization.
10Scale of production1. 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.
11Revision 
12Examination 

 

SS1 Second Term Scheme of Work for Economics

 TermSecond Term
WeekTopicBreakdown
THEME 2: ECONOMICS SYSTEMS
1Basic economic problems of Every Society1.definition and meaning
2.types of economic system,(Capitalism, socialism, mix economy)
3.Advantages and disadvantages
2Basic 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
3Firms and industry1. definition and meaning
2. types and basic features of business enterprises
3. general and specific problems of business enterprises
4Firms and industry1.Private and public companies; definition
2.Characteristics of private and public companies
3.Distintion between private and public companies
5Firms and industryDefinition and meaning
1. quoted and unquoted
2. definition and distinction
3. share, debentures and bonds
THEME 4: POPULATION,LABOR MARKET AND HOUSE CAPITAL DEVELOPMENT
6Population1. Definition and meaning.
2. Important o f population census.
3. Problems of population census.
7Population1.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.
8Theory of population1. Malthusian’s theory of population.
2. Demographic transitional theory.
9Population distribution1.Geographical, age distribution.
2.Occupational, sex distribution.
3.Rural-Urban Migration
10Labour market1. 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).
11Revision 
12Examination 

 

SS1 Third Term Scheme of Work for Economics

 TermThird Term
WeekTopicBreakdown
SUB THEME 5: STRUCTURE OF THE NIGERIAN ECONOMY
1The nature of Nigerian economy1. 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.
2Agriculture1.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
3Agriculture1.Importance of Agriculture to the Nigeria Economy
2.Activities of the marketing boards in Nigeria.
4Mining1.Definition and Mining.
2.Componentsof the Nigerian Mining industry.
3. Minerals, types, uses and location.
5Financial Institutions1. Meaning and segment of the financial system.
2. Money and capital market.
3. Benefits of capital market.
6Money1.Definition and meaning.
2.Historical development of Money.
3. Functions and types of Money (credit card, value card, e.t.c.)
7Money1. Characteristics of Money.
2. Qualities of good Money.
SUB THEME 6: DISTRIBUTIVE TRADE
8Channels of distribution1.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
9Instrument of business finance1.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
10Instrument of business financeProblems of business in Nigeria.
11Revision 
12Examination 

 

Recommended Economics Textbooks for Senior Secondary School 1

The recommended Economics textbooks for SSS1 include but are not limited to the following:

  • Fundamentals of Economics for SSCE, NBCE, UTME, and similar Examinations by R. A. I. Anyawuocha 

        Africana First Publishers Plc.

  • New System Economics by Ewa Udu, G.A Agu 

       Africana First Publisher Plc SS 1-3 

  • New Economics K. Nnadi, A. Falodun, et al 

        Learn Africa SS 1-3 

  • Model Economics by Amafor C.C, Anidike S.U 

        Mid-Field Publishers SS 1-3 

  • Comprehensive Cert. Economics by A. Aderinto, S.H Abdullahi 

        University Press SS 1-3   

  • Senior School Certificate Examinations (SSCE) Economics Past questions and answers

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