THIS SCHEME OF WORK CONTAINS WEEK, TOPIC/CONTENT, ACTIVITIES AS WELL AS LEARNING MATERIALS WHICH ARE VERY VITAL FOR LESSON PLANS.

ECONOMICS SCHEME OF WORK FOR SS1 FIRST TERM
1 MEANING OF ECONOMICS AND RELATED CONCEPTS
i. Definitions, scope, importance and methodology of economics.
ii. Economics as a science
iii. Concepts of wants, scarcity, scale of preference, choice and opportunity cost

Teacher to arrange group discussion to relate these concepts to the daily activities of individuals, firms and
government.
Learning material; tables.
2 BASIC TOOLS OF ECONOMIC ANALYSIS
i. Graphs, charts and table with relevant examples
ii. Construction of frequency distribution
Teacher to arrange group discussion on how the knowledge of these concepts influence our daily choice of individuals, firms and government
Learning material; tables, graphs, charts etc.
3 BASIC TOOLS OF ECONOMIC ANALYSIS
i. Measures of central
tendencies – Meaning
ii. Types (mean, mode, median)
merits and demerits and
simple application
Teacher to display various
charts relating to the topic and
solve practical problems.
Learning material; tables,
graphs, charts etc.
4.CONCEPTS OF DEMAND AND SUPPLY
i. Price system, Demand – meaning, schedules, curves, laws.
ii. Factors affecting demand.
III Elasticity Of Demand.
Teacher to guide and share experiences with students that
relate to demand and supply gathered on routine visits to shops and markets.
Learning materials; display pictures of people in markets
places or shops.
5 CONCEPTS OF DEMAND AND SUPPLY
i. Meaning of supply, schedules, and laws.
ii. Factors affecting supply,
III. Elasticity of Supply
Teacher to guide and share experiences with students that relate to demand and supply gathered on routine visits to shops and markets.
Learning materials; display
pictures of people in markets
places or shops.
6 CONCEPTS OF DEMAND AND SUPPLY
i. Determinants of equilibrium price, quantity and point with simple applications.
Teacher to guide and share experiences with students that relate to demand and supply gathered on routine visits to shops and markets.
Learning materials; display pictures of people in markets
places or shops.
7 THEORY OF PRODUCTION
i. Meaning of Production
ii. Types of Production
iii. Factors of Production
Teacher to demonstrate the importance of division of labour with students by assigning aspects of a given task to different groups within a class and monitor time of completion by each group.
Learning materials; charts and manufactured products.
8 THEORY OF PRODUCTION
i. Meaning of division of labour
ii. Specialization
iii. Advantages and disadvantages and limitations of division of labour
Teacher to demonstrate the importance of division of labour with students by assigning aspects of a given
task to different groups within a class and monitor time of
completion by each group.
Learning materials; charts and manufactured products.
9 THEORY OF PRODUCTION
i. Scale of production
ii. Advantages and disadvantages of large scale production
Teacher to demonstrate the importance of large scale
production to the class.
Learning materials; charts and manufactured products.
10 BASIC ECONOMIC PROBLEMS OF SOCIETY
i. Definition of economic system
ii. Types of economic system (Capitalism)
iii. Advantages and disadvantages of capitalism
Teacher to guide the students and discuss these economic
problems and discover ways of solving them.
Learning materials: Relevant textbooks.
11 BASIC ECONOMIC PROBLEMS OF SOCIETY
i. Types of economic system (Socialism, Mixed economy)
ii. Advantages and disadvantages of the above
Teacher to guide and discuss these economic problems with students and discover ways of solving them.
Learning materials: Relevant textbooks.
12 BASIC ECONOMIC PROBLEMS OF SOCIETY
i. What to produce
ii. How to produce
iii. For whom to produce
iv. Efficiency of resource use Teacher to guide and discuss these economic problems with students and discover ways of solving them.
Learning materials: Relevant
textbooks.
13 Revision Revision
14 Examination Examination

ECONOMICS SCHEME OF WORK FOR SS1 SECOND TERM
1. FIRMS AND INDUSTRY
i. Definitions of firms and industry
ii. Types and basic features of business enterprises/organisations.
Teacher to guide students to identify the different types of business organisations outfits
within the society by giving examples.
Learning material; teacher to arrange a visit to any
business location within the locality
2 FIRMS AND INDUSTRY
i. General and specific problems of business enterprises (e.g. inadequate capital, location, inflation, government policy, seasonal changes etc)
Teacher to emphasize the issue of corruption, fraud and
embezzlement of public fund.
Learning material; teacher to arrange a visit to any
business location within the locality
3 FIRMS AND INDUSTRY
i. Definitions of private and public companies
ii. Characteristics
iii. Distinction between private and public companies.
Teacher to illustrate with examples from local economy
differences between types of business organisations.
Learning material; teacher to arrange a visit to any business location within the locality
4 FIRMS AND INDUSTRY
i. Definitions of quoted and unquoted companies and
distinctions
ii. Shares, debentures and bonds.
Teacher to illustrate with examples from local economy
quoted and unquoted business organisations.
Learning material; teacher to arrange a visit to any business location within the locality.
5 POPULATION
i. Meaning of population in economics
ii. Determinants and implication of population, size and growth.
iii. Theories of population e.g. Malthusian Theory, Demographic Transition theory etc.
Teacher to guide students to compare the populations of
different countries within and outside Nigeria.
Learning materials; charts and other relevant materials showing people, county, sex and occupation.
6 POPULATION
i. Distribution of population: Geographical, Age, Sex and
Occupational.
Teacher to guide students to compare the populations of different countries within and outside Nigeria.
Learning materials; charts and other relevant materials
showing people, country, sex and occupation.
7 POPULATION
i. Importance and problems of census
ii. Rural – Urban migration
Teacher to discuss the problems of conducting population census in Nigeria.
Learning materials; Teacher to present census figures from the National population office to students.
8 LABOUR MARKET
i. Concept of labour force
ii. Efficiency and mobility of labour force
iii. Factors affecting the size of labour force particularly the
population characteristics (age, sex, occupation, education)
Teacher to plot the labour participation rate against the growth rate of the population.
Learning materials; Teacher to present census figures from the National population office to students.
9 THE NATURE OF THE NIGERIAN ECONOMY
i. General overview and structure of Nigerian economy and its economic potentials.
ii. Nature and structure of industries in Nigeria.
iii. Contributions of the primary, secondary and tertiary sectors.
Teacher to explain the various economic activities of the six geo-political zones of the country with regards to agriculture and mining.
Students should mention various products produced in
different zones of the economy.
secondary and tertiary sectors.
Learning materials; Economic map of Nigeria.
10 AGRICULTURE
i. Meaning of agriculture
ii. Components of agriculture, crop production, livestock,
forestry, fishing.
iii. Systems of agriculture (Cultivation methods)
iv. Importance of agriculture to Nigeria economy
Teacher to encourage students to visit farms in their
locality and be asked to discuss the system of agriculture that is prevalent there. Encourage students to participate actively in form work in the school and at home.
Learning materials: Visit farms in their locality to observe the practice of agriculture. .
11 Revision Revision
12 Examination Examination

ECONOMICS SCHEME OF WORK FOR SS1 THIRD TERM
1. AGRICULTURE
i). Activities of marketing boards in Nigeria.
Teacher to highlight some government agricultural reform programmes such as:
 OFN: Operation Feed the Nation
 RBDA: River Basin Development Authority
 NAFPP: National Accelerated Food Production Programmes
 GRP: Green Revolution Programme
 Establishment of ADB (African Development Bank)
 Provision of fertilizers, improved
seedlings, formation of cooperative societies, improved
storage facilities and provision of extension services.
Learning materials: Visit farms in their locality to observe the practice of agriculture.
2 MINING 1. Teacher to display maps showing the location of mineral deposits in Nigeria.
i Components of the Nigerian mining industry
ii. Minerals, types, use and locations.
showing the location of mineral deposits in Nigeria.
Organise a visit to a mining or quarry site in the locality.
Learning material; charts
and maps.
3 MEANING OF FINANCIAL INSTITUTION
i. Meaning and segments of financial system
ii. Features of banking and non-banking financial institutions.
iii. Functions of each institution and its importance.
Teacher to organise an excursion to commercial banks, development banks and the stock exchange within their locality.
Learning material; pass books, withdrawal booklets,
share certificates, dividend warrants, prospectus of quoted companies etc.
4 MEANING OF FINANCIAL INSTITUTION
i. Money and capital markets
ii. Benefits of capital markets
Teacher to organise an excursion to commercial banks, development banks and the stock exchange within their locality.
Learning material share certificates, dividend warrants, prospectus of quoted companies etc.
5 MONEY
i. Definition of money
ii. Historical development of money
iii. Functions of money
Teacher to guide students to discover the functions and qualities of a good money.
Learning materials; coins, bank notes, cowries, commodity money etc
6 MONEY
i. Types of money (including credit card, valve card, other
ICT aided payment instruments)
ii. Characteristics of money
iii. Qualities of a good money
Teacher to guide students to discover the qualities of
good money and benefits of a cashless economy over money and barter economies.
Learning materials; ATM cards, Credit cards etc.
7 CHANNELS OF DISTRIBUTION
i. Channels and process of distribution
ii. Roles of Wholesaler
iii. Roles of Retailer
Teacher to introduce the various channels of distribution and their roles to students within their locality.
Learning materials; charts showing channels of distribution.
8 CHANNELS OF DISTRIBUTION
i. Roles of Cooperatives
ii. Roles of Government Agencies in product distribution
iii. Problems of distribution and ways of improvement.
Teacher to guide students in discovering the roles played
by cooperatives and government agencies in the various channels of distribution. .
Learning materials; charts showing channels of distribution.
9 INSTRUMENTS OF BUSINESS FINANCE
i. Sources of funds for businesses
ii. Basic instruments for business financing (shares,
debentures and bonds)
Teacher to guide students to identify different ways money can be raised to start a business.
Learning materials;
Inspection of some money instruments e.g. share
certificates.
10 INSTRUMENTS OF BUSINESS FINANCE
i. Meaning and types of shares, debenture and other
securities.
Teacher to guide students to suggest various ways of
financing business
Learning materials;
Inspection of some money instruments e.g. share
certificates.
11 INSTRUMENTS OF BUSINESS FINANCE
i. Problems of business financing in Nigeria
Teacher to guide students to suggest various ways of financing business
Learning materials;
Inspection of some money instruments e.g. share
certificates.
12 Revision Revision
13 Examination Examination.
That is the Economics scheme of work for senior secondary one (ss1) as approved by NERDC. Stay connected to myschoolibrary for educational contents. See also Economics Scheme Of Work For SS2 First Term, Second Term And Third Term.

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