ECONOMIC SS2 SECOND TERM

IN THIS TERM, LEARNERS SHOULD LOOK OUT FOR THE FOLLOWING IN DETAIL:

WEEK ONE:   Labour Market:

i.  Concept of unemployment

ii.  Types of unemployment, causes, effects and solutions

iii.  Concept of self - employment, job creation and dignity of labour

WEEK TWO:   Elementary Treatment of utility theory

i.  Concept of utility – average, marginal and total utility

ii.  The law of diminishing marginal utility 

WEEK THREE:  Price Determination

i.  Determination of equilibrium price and quantity

ii.  Effects of changes in demand and supply

iii.  Types of demand and supply e.g. joint demand, joint supply etc.

WEEK FOUR:  Price Determination

i. Equilibrium Price

WEEK FIVE:  Market Structure:

i.  Concept and types of markets

WEEK SIX:  Market Structure:

i.  Price and quantity determination under perfect competition and monopoly

WEEK SEVEN:  Market Structure:

ii.  Price and quantity determination under duopoly and monopoly

WEEK EIGHT:  Industries in Nigeria:

I.  Definition and of industrial concept – plant, factory, firm, industry and industrial estate.

WEEK NINE:  Industries in Nigeria:

I.  Location and localization of industries in Nigeria

II.  Advantages and disadvantages of localization of industries

III.  Factors that influence the localization and location industries in Nigeria 

WEEK TEN:    Agriculture:

i.  Problems of agriculture

ii.  Agricultural policies in Nigeria 

WEEK ELEVEN:   Agriculture:

i.  Marketing of agricultural commodities

ii.  Prospects of Agriculture in Nigeria