SS1 Economics Scheme of Work for First Term

The table below is the SS1 Economics Scheme of Work for First Term.

Developed by the

Nigerian Educational Research and Development Council (NERDC)



S/NTopic(s)Content
Sub: Theme
PRINCIPLES OF ECONOMICS
1.Meaning of
Economics &
Related Concepts
i. Definitions, scope, importance
and methodology of Economics.

ii. Economics as a science.

iii. Concept of Wants, Scarcity,
Scale of Preference, Choice,
Opportunity Cost.
2.Basic tools
of Economic
Analysis
i. Graphs, Charts and Tables.

ii. Measurements of Central
Tendency.
3.Concept of
Demand and
Supply
i. Price system, demand and
supply schedules and curves,
law of demand and supply,
factors affecting demand and
supply, determinants of
equilibrium price.
4.Theory of
Production
i. Meaning of production.

ii. Types of production.

iii. Factors of production

iv. Division of labour and
specialization.

v. Scale of production.
Sub: Theme
ECONOMIC SYSTEMS
5.Basic Economic
Problems of
Society
i. Definition of economic
system.

ii. What to produce.

iii. How to produce.

iv. For whom to produce.

v. Efficiency of resource use.



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