SS3 Commerce Scheme of Work for First Term and Second Term

COMMERCE SS3 FIRST TERM
1. CONSUMER PROTECTION
Meaning, need/reasons for
protection.
Consumer right and consumption.
Instrument/agencies for consumer
protection e.g rent tribunal,
manufacturers association of Nigeria (SON), Professional bodies e.g KAN,
ANAN, NBA, NUT etc
Teacher discusses consumer right and consumerism, and agencies responsible for consumer protection.
Students provide newspaper cuttings of advertised products.
Resources; paper cuttings of advertised products.

2. BUSINESS DOCUMENTS
Essential business documents;
letter of inquiry, quotation catalogue, order.
Invoice, receipt, delivery notes,
statement of account, debit note, credit note, etc
Trade terms and abbreviations; meaning of trade terms – FOB, FOR, CWO, EXSHIP, COD, CIF, FAS.
Activities: Teacher provides buying and selling documents, explains the functions of the documents.
Students are encouraged to provides documents used in buying and selling.

3. TERMS OF TRADE/SALES– Cash, credit, or payment in arrears etc Means of payments—legal tender e.g coins, bank notes.
Through bank e.g cheque, western union, money gram, electronic money transfer, transfer credit card.
Standing order
Bank draft.

Activities: Teacher describes various
means of payments, explains payment through banks.
Students copy notes from the
board.
Instructional Resources; bankdraft, cheques etc

4. MEANS OF PAYMENT
Through post office, stamps, money order, postal order, promissory note.

5. COMMERCIALIZATION
Meaning, reasons, advantages and disadvantages.
Privatization- meaning, reasons,
advantages and disadvantages.
Deregulation; meaning, reasons,
advantages and disadvantages.
Nationalization; Meaning, reasons, advantages and disadvantages.
Activities: Teacher leads students in
discussing commercialization,
privatization, deregulation and
nationalization.
Students participate actively in the class discussion.
Instructional Resources: pamphlets,
newspaper articles.

6. CAPITAL MARKET: Capital market; meaning.
Historical development; 1946
(development loan stock first issue) 1960; Lagos stock exchange act- 1962, capital issue committee, 1979- capital
issue commission.
1979 securities and exchange commission decree no. 71. 1985; second tier securities market (SSM) 1999 investment and securities act.
Activities: Teacher outlines evolution of Nigeria capital market from 1946 to date. Students copy notes from the board on the topic.

7. STOCK EXCHANGE
Stock exchange; meaning and functions, importance, organizational set-up, membership of the stock
exchange, procedure of transaction at the stock exchange.
Activities: Teacher discusses in detail the meaning, functions and the
organizational set up of the stock
exchange in Nigeria.
Students copy notes on the topic.

8. STOCK EXCHANGE
Securities; meaning, types,
shares, stocks, bonds, gilt-edged and debentures.
Capital market; method of raising
fund, offer for sale, offer/subscription, right issue, private placement.
Speculation; meaning, speculators, bull, bear and stage.
Activities: Teacher guides students to role play the transaction on the stock
exchange, invites a speculator to
talk to students.
Students participate fully, listen,
and ask questions.

9. STOCK EXCHANGE
Bodies that can access the capital
market, public companies, government.
Second tier security market, meaning, advantages to companies, advantages to the investing public.
Second tier security market; operating regulation, primary and secondary market, first tier and second tier
(differentiate).
Activities: Teacher guides students to role play the transaction on the stock exchange, invites a speculator to talk to students.
Students participate fully, listen, and ask questions.

10. ECONOMIC GROUPING
ECOWAS, meaning, history, and member countries.
Objectives, Organs, Achievements, problems
Activities: Teacher shows map of West Africa to locate member countries of ECOWAS.
Students copy notes.
Instructional Resources; maps.

11. NIGER BASIN COMMISSION
History, Member countries, Objectives
Achievements, Problems

12. LAKE CHAD BASIN COMMISSION
(LCBC)
History, Member countries, Objectives
West African clearing house (WACH); history, member countries, objectives.
13-14 Revision/Examination

COMMERCE SS 3 SECOND TERM

1. MANO RIVER BASIN COMMISSION
History, Member countries, Objectives.

2. MANO RIVER BASIN COMMISSION
Achievements, Problems.

3. REVISION OF WAEC PAST QUESTIONS

4 NECO PAST QUESTIONS REVISION

5 . MOCK EXAMINATION

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