Economic Lessons from Asian Tigers, Japan, Europe and America
Explain the factors that account for the rapid deveopment of these countries in South East Asia.
Explain the meaning of Japanese miracle.
Differentiate between the development strategies of Asian Tigers, Japan, Europe and America.
Identify the lessons for Nigeria
Types of Occupation
Define occupation
Explain the different types of occupation
List factors that affect occupation
Differentiate between direct and indirect services
Production
Define production
Explain types of production
State the effects of production on the environment and society
Types of Financial Institutions and their functions
Define Money and Capital markets;.
Identify the types and functions of the institutions.
Explain the types and features of securities.
Explain the process of and requirements for accessing the capital market.
List the benefits of the capital market.
Demonstrate the understanding of the meaning, transaction and trading methods in the secondary market.
Elements of National Income Accounting
Explain the meaning of different national income components.
Discuss different ways of measuring national income components.
Explain the short comings of currently used national income concepts;
Balanced and Unbalanced budget
Explain the concepts of budget deficits budget surplus, balanced budget and the component of national debt.
Explain the concept of and criteria for revenue allocation (including resource control) in Nigeria and associated problems.
Money: Inflation and deflation
Identify the different types of inflation/deflation, the alternative causes and control measures.
Identify the effects of inflation/deflation
Discuss Nigeria’s inflationary experience and the various control measures adopted by government.
Money: Inflation and deflation
Identify the different types of inflation/deflation, the alternative causes and control measures.
Identify the effects of inflation/deflation
Discuss Nigeria’s inflationary experience and the various control measures adopted by government.
Money: Inflation and deflation
Identify the different types of inflation/deflation, the alternative causes and control measures.
Identify the effects of inflation/deflation
Discuss Nigeria’s inflationary experience and the various control measures adopted by government.
Money: Demand for and supply of money
Describe types of financial institutions and their functions.
Explain elementary Quantity Theory of money.
Identify the determinants of the supply of money.
Explain how changes in the price level affect the purchasing power of money.
Money: Demand for and supply of money
Describe types of financial institutions and their functions.
Explain elementary Quantity Theory of money.
Identify the determinants of the supply of money.
Explain how changes in the price level affect the purchasing power of money.
The Production Possibility Curve
Define the PPC, show how to plot the curve from possible data.
The Production Possibility Curve
Define the PPC, show how to plot the curve from possible data.
The Production Possibility Curve
Define the PPC, show how to plot the curve from possible data.
Concept of Demand and Supply
Meanings of demand and supply and market equilibrium.
The factors affecting demand and supply.
Factors causing shift in demand and supply curves, and those causing movements along demand and supply curves.
Distinguishing between various types of demand.
Tools of Economic Analysis
Show simple economic relationship with tables, (graphs and charts).
Tools of Economic Analysis
Show simple economic relationship with tables, (graphs and charts).
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.