Industries in Nigeria

Distinguish among the following concepts: plant, factory, firm, industry and industrial estate.
Explain the factors that influence the location of industries.
Explain the advantages and disadvantages of localisation of industry.

Price Determination

The interaction between the forces of demand and supply in determining the market price.
The effect of changes in demand/supply on the equilibrium price and quantity.
Elasticity of demand and supply with the use of curves and mathematical expressions.
The concept of elasticity to analyse price policy of firms as maximum and minimum price control.

Price Determination

The interaction between the forces of demand and supply in determining the market price.
The effect of changes in demand/supply on the equilibrium price and quantity.
Elasticity of demand and supply with the use of curves and mathematical expressions.
The concept of elasticity to analyse price policy of firms as maximum and minimum price control.

Elementary treatment of Utility Theory

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

Elementary treatment of Utility Theory

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

Types and Features of Economic systems

Describe different economic systems(free enterprise, centrally planned and mixed economy) and how they solve their economic problems.
Distinguish among the systems

Types and Features of Economic systems

Describe different economic systems(free enterprise, centrally planned and mixed economy) and how they solve their economic problems.
Distinguish among the systems

Revenue Concepts

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

Warehousing Projects

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

Warehousing

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

Warehousing

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

Demand

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

Demand

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