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.
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
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.
Human Eye
Students should be able to explain the role played by some parts of the eye in the formation of image on the retina.
Compare and contrast the eye and the camera.
State the defects of the eye and their causes.
Identify the type of lenses for correcting the various defects of the eye.