Level: Senior Secondary

Economic reform programs

Explain economic reform programs such as; consolidation of financial institutions, privatization and commercialization; deregulation.
Discuss the role of EFCC and ICPC and their role in the Nigerian economy.

Economic Development challenges

Explain development challenges such as; Debt burden and debt relief; poverty alleviation and eradication; HIV/AIDS and the economy, power and energy supply; resource control and corruption.

Current Economic plans;MDGs,NEEDS, Vision 2020

List and Explain current economic planning instruments like Millennium Development Goals, (MDGS), National Economic Empowerment and Development Strategies (NEEDS), Vision 2020.
List and explain the MDGS
List the objectives of NEEDS and Vision 2020 and other contemporary economic plans.

Economic development planning

Explain the meaning of economic development planning.
Differentiate between types of Economic planning.
Explain the importance of economic planning in National development.

Economic growth and development

Explain the concept of economic development and distinguish between economic growth and
development.
Explain the characteristics of an underdeveloped economy.
Explain the factors that influence economic development.

Foreign Trade

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

Balance Of Payment iii

At the end of this lesson, the students should be able to understand how to Balance Payment

Balance of Payments (B.O.P): ii

Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
The different ways of dealing with the balance of payments disequilibrium.
Trace the developments in Nigeria’s balance of payment.

Calculations on Balance of Payments (B.O.P)

Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
Ways of dealing with balance of payments disequilibrium.
The developments in Nigeria’s balance of payment.

Balance of Payments (B.O.P): i

Factors that give rise to payment of money into and out of the home country’s account.
Balance of payment concepts such as trade balance, current account balance and overall balance.
The different ways of dealing with the balance of payments disequilibrium.
Trace the developments in Nigeria’s balance of payment.

International Trade

Explaining how domestic trade differs from international trade.
Comparative cost theory.
The limitations of comparative cost theory
The terms of trade and discuss the instruments of foreign trade protection; and.
The features of the various forms of economic integration.
The trend and structure of Nigeria’s external trade.

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

Market Structure

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