The table below is the SS1 Economics Scheme of Work for First Term.
Developed by the
Nigerian Educational Research and Development Council (NERDC)
| S/N | Topic(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 SocietyThe term society is derived from the Latin word 'socius' meaning friendship or companionship. Society is a community, nation or group of people who share the same traditions, institutions, rules and... More | 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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