SS3 Economics Scheme of Work | 1st & 2nd Term
Economics is a dynamic subject that equips students with the understanding of how societies allocate resources, manage wealth, and respond to economic challenges.
The SS3 Economics curriculum focuses on providing senior secondary students with a deep understanding of Nigeria’s economy while connecting it to global economic principles.
This curriculum explores comparative economics, human capital development, the structure of the Nigerian economy, international trade, and economic development planning.
In this scheme of work, you grasp the significance of various economic sectors and organizations, as well as the global forces shaping the economy.
As you dive into this scheme of work, expect to encounter diverse aspects of economics that cab prepare you for examinations and provide valuable insights for your future academic and professional pursuits.
In this article, outline the topics covered in the first and second terms of the SS3 Economics scheme of work, highlighting key areas of focus such as economic growth, human capital, international trade, and Nigeria’s economic challenges.
Read on for more.
SS3 Economics Scheme of Work for First Term
Week 1: Comparative Economics
- Economic History of the Asian Tigers and Japan (1960–2000): Analyze the rapid development strategies employed by countries like Japan, South Korea, and Singapore.
- Lessons for Nigeria: Study how these nations’ development paths can offer insights for Nigeria’s economic advancement.
Week 2: Human Capital Development
- Definition & Characteristics: Define human capital and explore the factors that affect its efficiency.
- Impact of Brain Drain: Examine the causes and effects of brain drain on Nigeria’s economy.
Week 3: Human Capital Development (Continued)
- Distinction Between Human and Physical Capital: Understand the key differences and the importance of human capital development for Nigeria’s growth.
Week 4: Structure of the Nigerian Economy (Petroleum Industry)
- Role of Petroleum in the Economy: Discuss the contributions and challenges of Nigeria’s petroleum industry.
- NNPC’s Role: Learn about the Nigerian National Petroleum Corporation’s role in petroleum exploration, production, and marketing.
Week 5: Structure of the Nigerian Economy (OPEC)
- Contribution of OPEC: Investigate the Organization of the Petroleum Exporting Countries’ (OPEC) influence on Nigeria’s oil sector and global markets.
Week 6: Manufacturing and Construction Industries
- Contribution to GDP: Explore the roles and types of manufacturing and construction industries in Nigeria’s economic development.
Week 7: Service Industries
- Tourism, Banking, Transport, and More: Study the importance of service industries and their contribution to Nigeria’s economic growth.
Week 8: Financial Market Agencies
- Regulation and Significance: Learn about the agencies that regulate Nigeria’s money and capital markets, including their functions and tools.
Weeks 9-12: Revision, Examination, and Closing
SS3 Economics Scheme of Work for Second Term
Week 1: International Trade
- Differences Between Domestic and International Trade: Understand the concept of international trade and its importance to Nigeria’s economy.
- Theory of Comparative Cost: Analyze the theory and its limitations.
Week 2: Globalization
- Features and Opportunities: Study the features of globalization and its potential benefits for Nigeria’s economy.
Week 3: Balance of Payment (BOP)
- Favourable and Unfavourable BOP: Explore the methods for measuring and correcting balance of payment problems.
Week 4: Economic Growth & Development
- Growth vs. Development: Distinguish between economic growth and development, and identify the challenges facing Nigeria’s development.
Week 5: Economic Development Planning
- Nigeria’s Planning Experience: Review Nigeria’s history with development plans and their objectives.
Week 6: International Economic Organizations
- Roles of ECOWAS, IMF, and More: Study the roles and objectives of key international economic organizations that influence Nigeria’s economy.
Week 7: Current Economic Plans
- MDGs, NEEDs, and Vision 2020: Understand the objectives of Nigeria’s most recent development initiatives.
Week 8: Economic Challenges
- Poverty and Solutions: Examine poverty in Nigeria and the various poverty alleviation programs such as NAPEP and NDE.
Week 9: Economic Reform Programs
- Privatization & Commercialization: Study Nigeria’s economic reforms and the roles of regulatory agencies like EFCC, ICPC, and NAFDAC.
Weeks 10-12: Revision, Examination, and Closing
Overview of SS3 Music Scheme of Work
The SS3 Economics scheme of work equips you with a deep understanding of economic concepts and their real-world applications.
Analyze comparative economics, examining the growth strategies of the Asian Tigers and Japan, while drawing valuable lessons for Nigeria’s economy.
Expect to explore human capital development by identifying its characteristics and assessing the factors that enhance or hinder its efficiency. You are to understand the structure of Nigeria’s economy, focusing on key industries such as petroleum, manufacturing, and services, as well as the regulatory agencies that oversee financial markets.
In the second term, you also examine international trade, evaluate economic growth, and address the development challenges Nigeria faces, including the role of international economic organizations and poverty alleviation initiatives.
Recommended Textbooks for SS3 Economics
- Economics for Senior Secondary Schools by Anyanwuocha: This textbook offers comprehensive coverage of both Nigerian and global economic principles, with examples relevant to the SS3 syllabus.
- Principles of Economics by N. Gregory Mankiw: A well-rounded text that introduces students to basic and advanced concepts in economics, with global insights and lessons.
- Economic Development by Michael P. Todaro and Stephen C. Smith: This book provides an in-depth look at economic development challenges and solutions, offering real-world applications to Nigeria’s economic situation.
Recap
Explore comparative economics by studying the growth strategies of the Asian Tigers and their relevance to Nigeria’s economy.
Understand the critical role of human capital development and the challenges posed by brain drain. Investigate the structure of Nigeria’s economy, focusing on key sectors like petroleum, manufacturing, and services.
Learn about the importance of international trade, balance of payments, and globalization in shaping Nigeria’s economic landscape. Examine economic development planning, international organizations, and Nigeria’s current economic reforms.
Prepare for examinations by mastering these foundational concepts, which are crucial for your future studies and career in economics.
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 personalized support, kindly feel free to contact us.
