Revenue Concepts

Defining revenue.
Distinguishing between the different revenue concepts (total, average, marginal).
Drawing different revenue curves
Explaining the relationship between revenue and production.

Business Organizations

At the end of the lesson, the student should be able to understand Business Organizations

Elementary treatment of fiscal policy

Explain the concept of total, average and marginal utility.
Discuss the principles of utility maximization and diminishing marginal utility.
Explain why the curve is downward sloping

Market Structures

Explain the concept of market and distinguish it from the market place.
Distinguish between perfect and imperfect markets by being able to identify their features.
Draw graphs to illustrate price and quantity determination under :a)perfect competition (b)monopoly(c) oligopoly

Channels of Distribution

Describe the channels of distribution from the producer to the final consumer;
State the functions of a wholesaler and retailer in the channel of distribution;
State and explain the role of cooperative society and government agencies in product distribution.
Identify the problems of distribution and ways of improvement.

Inflation Effects

At the end of this lesson, the students should be able to understand the effects of Effects

Money: meaning, characteristics and Functions

Explain the meaning of money
Compare money economy with a barter economy;
Identify the various types of money and explain the functions of money in a modern economy.
Explain the characteristics of money.

Financial institutions

Explain the term financial institutions.
List the different types of banking and non banking financial institutions .
Identify the distinguishing features of bank and non banking financial institutions.
Explain the functions of each institution and indicate its importance

Mining

State the types of Mineral found in Nigeria and their uses.
Identify locations of Mineral deposits in Nigeria.
Identify the various components of the Nigerian mining industry.

Agriculture

State the meaning of Agriculture.
Identify the main components of agriculture
Explain the main features of various systems of agriculture.
Explain the importance of agriculture to economic development in Nigeria.
Explain the processes and challenges of marketing both food and cash crops in Nigeria

The Nature of the Nigerian Economy

Explain the nature and structure of the Nigerian economy.
Identify and explain the relative contributions of various sectors of the economy.

Population Census (2)

At the end of this lesson, the students should be able to understand Population Census

Population 2

At the end of this lesson, the students should be able to understand Population

Population 4

At the end of this lesson, the students should be able to understand Population