The table below is the SS2 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. | Tools of Economic Analysis | i. Simple linear equations, measures of dispersion. – pie chart – bar chart – histograms – polygons |
| 2. | Concept of Demand and Supply | i. Demand and supply curves. ii. Laws of demand and supply. iii. Factors affecting demand and supply. iv. Types of demand and supply. |
| 3. | The Production Possibility Curve | i. Production possibility curve. ii. Concept of total average and marginal productivity. iii. Laws of variable proportion. |
| 4. | Cost Concepts | i. Basic cost concepts: – Total average – marginal, fixed, variable, short-run, and long run cost. ii. Distinction between economist and accountant’s view of cost. |
| 5. | Revenue Concepts | i. Concepts of revenue: total average and marginal revenue. Revenue schedules and curves. |
