This scheme of work for SSS 1 Economics is designed to provide a comprehensive framework for exploring the essential principles and concepts that underpin the field of economics.
As you embark on this academic journey together, both teachers and students delve into the foundational elements of economic theory, from the basic tools for economic analysis to the intricate workings of financial institutions.
Each term is thoughtfully structured to guide you through critical topics, ensuring that you not only grasp the theoretical aspects but also appreciate their real-world applications.
The purpose of this article is to equip you with a clear roadmap for your studies, fostering a deeper understanding of how economics shapes our society and influences decision-making at every level.
SSS 1 ECONOMICS First Term Scheme of Work
Week 1: Principle of Economics
- Definition and scope
- Importance of economics
- Bfnaches of economics
Week 2: Basic Concepts of Economics
- Needs and wants
- Scarcity and choice
- Opportunity cost
Week 3: Basic Tools for Economics Analysis
- Economic models
- Graphical analysis
- Statistical methods
Week 4: Basic Tools for Economics Analysis (Cont’d)
- Measures of Central Tendency
Week 5: Concept of Demand
- Law of demand
- Factors affecting demand
- Demand curve
Week 6: Concept of Supply
- Law of supply
- Factors affecting supply
- Supply curve
Week 7: Mid-Term Break
Week 8: Theory of Production
- Meaning and types of production
- Factors of production
- DIvision onf Labour and specialization
Week 9: Scale of Production
- Definition and types
- Economies of scale
Week 10: Scale of Production (Cont’d)
- Diseconomies of scale
- Applications in different industries
Week 11: Revision
Week 12: Examination
Week 13: Closing
SSS 1 ECONOMICS Second Term Scheme of Work
Week 1: Business Organization – Firms and Industry
- Types of business organizations
- Characteristics of firms and industries
Week 2: Business Organization (Cont’d)
- Limited liability company
- Factors determining size of business
Week 3: Business Organization (Cont’d)
- Sources of finance for business enterprise
- Problems of business finance
- Public corporation/co-operative societies
Week 4: Population
- Definition and types
- Population distribution
Week 5: Population (Cont’d)
- Population growth and change
- Population census
- Rural-urban migration
Week 6: Labour Market
- Definition and components
- Labour supply and demand
- Factors affecting the size of labour
- Efficiency and mobility of labour
Week 7: Mid-Term Break
Week 8: Agriculture
- Meaning and types
- Role of agriculture in the economy
- Types of agricultural activities
Week 9: Agriculture (Cont’d)
- Challenges in agriculture
- Agricultural policies and reforms
- Marketing agricultural commodities
Week 10: Mining
- Types of minerals and mining
- Economic impact of mining
Week 11: Revision
Week 12: Examination
Week 13: Closing
SSS 1 ECONOMICS Third Term Scheme of Work
Week 1: Financial Institutions
- Types of financial institutions
- Origin of banks
- Functions of financial institutions
Week 2: Financial Institution (Cont’d)
- Banking system
- Non-banking financial institutions
Week 3: Financial Institution (Cont’d)
- Role in economic development
Week 4: Money
- Definition and functions of money
- Historical development of money
- Types of money
Week 5: Money (Cont’d)
- Characteristics, values and qualities of money
- Monetary policy
- Money supply and demand
Week 6: Distribution
- Meaning
- Channels of distribution
- Factors affecting distribution
Week 7: Mid-Term Break
Week 8: Distribution (Cont’d)
- Roles and functions of each intermediaries
- Distribution strategies
- Impact on business operations
Week 9: The Role of Government Agency in Product Distribution in Nigeria
- Government agencies involved
- Policies and regulations
Week 10: Instruments of Business Finances
Types of business financing
Sources of finance
Week 11: Revision
Week 12: Examination
Week 13: Closing
SSS 1 ECONOMICS Recommended Textbook
- Economics for Senior Secondary Schools by D. O. Egbunike
- New General Economics for Senior Secondary Schools by S. O. Olanrewaju.
RECAP
As you navigate through this SSS 1 Economics scheme of work, you embark on an insightful journey into the world of economic principles and practices.
This structured approach starts with foundational concepts such as the basic tools for economic analysis and the fundamental theories of supply and demand.
Moving forward, you begin to explore the dynamics of business organizations, the role of different sectors like agriculture and mining, and the impact of financial institutions on the economy.
By the end of the year, you have developed a nuanced understanding of economic systems and their influence on everyday life, preparing you for more advanced studies and real-world applications.
DISCLAIMER: Everything on this page is based on our research of what is obtainable for schools in all the states in the country, including government and some private schools. Schemes of work normally undergo a series of reviews and some schools modify them to suit their specific needs.
While we do all our possible best to keep up with the latest and approved schemes of work in the country, check the specific template your school uses. For example, some private secondary schools integrate the British curriculum. If you teach in such schools, expect to see slight changes to what we offer on this page. If you have any questions or require personalised support, kindly feel free to contact us.
