SSS3 Economics Scheme of Work

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About SSS3 Economics Scheme of Work

Economics is a social science studying how societies manage limited resources to satisfy infinite wants. It analyzes supply and demand, market structures, macroeconomic factors like inflation and unemployment, microeconomic decisions of firms and consumers, and government policies. Economics equips individuals to understand, predict, and influence economic outcomes globally and locally.

Economics holds a central place in the Senior Secondary School 3 (SSS3) curriculum in Nigeria, essential for shaping students’ comprehension of societal dynamics and economic principles. The Lagos State Unified Scheme of Work for SSS3 Economics is crucial in preparing students for the West African Senior School Certificate Examination (WASSCE), focusing on how societies manage limited resources to meet infinite wants.

In SSS3, Economics introduces a wide array of economic concepts, from basic principles of supply and demand to intricate theories encompassing market structures, economic policies, and international trade dynamics. It equips students with analytical skills to critically assess economic issues, fostering a deep understanding of factors that influence production, consumption, and distribution within an economy.

Economics’ significance for the WASSCE cannot be overstated as it tests students’ comprehension of economic theories, their practical application, and their ability to analyze economic data effectively. Its study not only enhances academic performance but also prepares students for future careers in sectors such as finance, business management, public policy, and global relations.

Assessment Guide

SSS3 students in Nigeria are assessed in Economics through continuous assessments and the WASSCE. Continuous assessments include class tests, assignments, oral presentations, projects, and class participation. The WASSCE consists of multiple-choice questions, essays, and practicals. These assessments evaluate a range of skills, ensuring holistic evaluation, skill development, preparation for higher education and careers, and identifying areas for improvement.

SSS3 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 3(SSS3)
 ClassS.S.S 3
 SubjectEconomics
 TermFirst Term
WeekTopicBreakdown
1Economics lessons from Asian Tigers, Japan, Europe and America (1)1. Economics history of the Asia Tigers and Japan (1960-2000)
2. Review of the development strategies employed by the Asian Tigers, Japan Europe, and America.
2Economics lessons from Asian Tigers, Japan, Europe and America (2)Lessons for the Nigeria Economy.
THEME 2 : POPULATION, LABOUR MARKET AND HUMAN CAPTAL DEVELOPMENT
3Human Capital Development1. The definition of human capital characterizes human capital.
2. Factors that affect the efficiency of human capital.
3. Distinct between human and physical capital
4. Brain drain and its effect on the Nigerian economy
5. Arresting brain drain.
THEME3: STRUTURES OF THE NIGERIAN ECONOMY
4Petroleum and The Nigeria Economy1. Development of petroleum industry
2. Contribution of petroleum to the Nigerian economy (positive and negative)
3. Role of NNPC and OPEC in the exploration, production, refining, marketing and distribution of petroleum products.
5Manufacturing and Construction1. Explain the meaning of Manufacturing and Construction, and the types of manufacturing (crafts, food processing, etc.
2. Contribution of manufacturing and construction sectors to Nigeria’s Gross Domestic Product (GDP)
3. Role of Manufacturing and Construction in economic development.
6Service Industries1. Explain the meaning of service
2. List service industries (tourism, transport, banking, insurance, warehousing, advertisements
3. State the contributions of service industries to development.
7Agencies that regulates the financial markets1. Regulation of money markets, Agencies, and their roles.
2. Regulation of Capital Market, Agencies, Objectives, and tools.
8Functions and Roles of Regulatory AgenciesFunctions and significance of the Agencies in the economy.
THEME 5: INTERNATIONAL TRADE AND BALANCE OF PAYMENT
9International Trade1. Meaning of international trade
2. Distinguish between domestic and international trade.
3. Discuss the reasons for international trade.
4. State the theory of comparative cost and its shortcomings.
10International Trade (2)1. Meaning of Globalization
2. The features of challenges of Globalization
3. The opportunities Globalization presents to the Nigerian economy.
11Revision 
12Examination 

 

SSS3 Second Term Scheme of Work for Economics

 TermSecond Term
WeekTopicBreakdown
1Balance of Payments (B.O.P) 11. Terms of trade and measurements.
2. Favorable and unfavorable balance of payment and their effects,
3. Balance of payment concepts i.e. surplus and deficit.
2Balance of Payments (B.O.P) 2Methods of correcting balance of payment problems.
THEME 6: DEVELOPMENTAL ECONOMICS
3Economic Growth and Development1. What is economic development
2. Distinguish between economic growth and development
3. Problems of economic development in Nigeria.
4Economic development planningElements of development planning, Nigeria planning experience, objectives of Nigeria development plans.
THEME 7: INTERNATIONAL ECONOMIC ORGANISATION
5International Economic Organization1. Historical development of these organizations
– ECOWAS, ECA, IMF, IBRD, ADB, OPEC, WACH, GATT, UNCTAD.
2. Aims, objectives, and roles of the organizations.
THEME 8: APPLIED ECONOMIC AND COMTEMPORARY
6Current Economic plans; MDGS NEEDS Vision 2020Meaning and objectives of MDGs, NEEDS and Vision 2020.
7Economic Development Challenges1. Meaning and effects of poverty, method of poverty alleviation and eradication Agencies for poverty alleviation such as National Poverty Eradication Program (NAPEP) National Directorate of Employment (NDC), etc HIV/AIDS and the economy, Power and Energy inadequacy.
8Economic reform programmesConsolidation of financial institution privatization and commercialization, EFCC and ICPC, NAFDAC, and SON.
9Revision and Examination 

 

Recommended Economics Textbooks for Senior Secondary School 3

The recommended Economics textbooks for SSS3 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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