Economics SSS1 First Term

Course Timeline:
Student should be able to: 1. Explain the meaning of Economics 2. Explain the basic concepts of Economics
Student should be able to: 1. Explain the meaning of supply, draw schedules and curves of a given commodity. 2. State the law of supply. 3. State and explain factor affecting supply for a commodity.
Student should be able to: 1. Identify and explain the determinants of equilibrium price, quantity and point with simple applications.
Test
Economics SSS1 First...
Student should be able to: 1. Explain the concept/ factor of production 2. Explain the types of production. 3. State and explain the characteristics of each factor of production.
Student should be able to: 1. Explain the meaning of division of labour. 2. State the difference between specialization and division of labour. 3. Identify the advantages and disadvantages and limitation of division of labour.
Student should be able to: 1. Explain the meaning of scale of production. 2. State the advantages and disadvantages of large scale production.
Student should be able to: 1. Describe different economic system and how they solve their economic problems. 2. Distinguish among the systems.
Student should be able to: 1. Describe different economic system and how they solve their economic problems. 2. Distinguish among the systems.
Test
Economics SSS1 First...
Student should be able to: 1. Define basic economics tools, state their uses and importance. 2. Construct a frequency distribution. 3. Calculate the mean, median and mode of any given set of data.
Student should be able to: 1. State and explain the basic economic problems of society. 2. Suggest ways of efficient allocation/use of scarce societal resources.
Student should be able to: 1. Explain the meaning of price system, demand, draw schedules and curves of a given commodity. 2. State the law of demand.
Student should be able to: 1. Calculate the mean, median and mode of any given set of data.

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