Economics SSS2 First Term

Course Timeline:
Student should be able to: 1. Solve problems on a. Range b. Mean deviation c. Variance d. Standard deviation
Student should be able to: 1. Identify factors affecting demand. 2. Differentiate between types of demand. 3. Explain the change in demand and change in quantity demanded.
Student should be able to: 1. Identify factors affecting supply. 2. Differentiate between types of supply. 3. Explain change in supply and change in quantity supplied.
Student should be able to: 1. Definition of production possibility curve. 2. Distinguish between Total, Average and Marginal productivity. 3. State the law of variable proportions.
Test
Economics SSS2 First...
Student should be able to: 1. Understand basic cost concepts (Total, Average, Fixed, Variable and Marginal costs). 2. Explain the short-run and long-run costs 3. Distinguish between economists and accountants view of costs.
Student should be able to: 1. Explain the meaning of revenue. 2. Explain the concept of total, average and marginal revenue. 3. Draw relevant revenue schedules and curves.
Student should be able to: 1. Explain the meaning of the labour market and labour force. 2. Explain demand for and supply of labour. 3. Highlight factors affecting demand and supply of labour 4. Explain wage determination.
Student should be able to: 1. Explain the meaning of the labour market and labour force. 2. Explain demand for and supply of labour. 3. Highlight factors affecting demand and supply of labour 4. Explain wage determination.
Student should be able to: 1. Explain the role of the institutions like labour unions in wage determination.
Test
Economics SSS2 First...

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