Scheme of work forms the basis or guidelines for teaching and learning process in any given academic institution.
Without scheme of work, there will be no clear direction for both teachers and students in tackling a wide range of subject like Economics subject.
In this post, we shall bring you the Economics Scheme of work for Senior Secondary School, comprising first term, second term and third term respectively.
Here is a sample scheme of work for Economics subject for Senior Secondary School in Nigeria.
First Term
WEEK 1: Introduction to Economics
- Definition, scope, and importance of Economics
- Basic concepts in Economics
- Micro and Macro Economics
- Economic systems and their characteristics
WEEK 2: Demand and Supply
- Meaning of Demand and Supply
- Factors affecting Demand and Supply
- Market equilibrium
- Price determination
WEEK 3: Elasticity of Demand and Supply
- Definition of Elasticity
- Types of Elasticity
- Factors affecting Elasticity
- Applications of Elasticity
WEEK 4: Production and Cost
- Factors of Production
- Law of Diminishing Returns
- Cost concepts
- Revenue concepts
WEEK 5: Forms of Business Organization
- Sole Proprietorship
- Partnership
- Joint Stock Company
- Cooperative Society
Second Term
WEEK 1: Theory of the Firm
- Profit Maximization
- Sales Maximization
- Wealth Maximization
- Objectives of the Firm
WEEK 2: Market Structure
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
WEEK 3: National Income
- Meaning and Concepts of National Income
- Measurement of National Income
- Problems of National Income Measurement
- Uses of National Income Statistics
WEEK 4: Money and Banking
- Definition and Functions of Money
- Types of Money
- Central Bank and its Functions
- Commercial Banks and their Functions
WEEK 5: International Trade
- Meaning and Concepts of International Trade
- Theories of International Trade
- Balance of Payments
- Protectionism and Free Trade
Third Term
WEEK 1: Economic Growth and Development
- Meaning and Concepts of Economic Growth and Development
- Indicators of Economic Growth and Development
- Theories of Economic Growth and Development
- Strategies of Economic Development
WEEK 2: Economic Policy
- Fiscal Policy
- Monetary Policy
- Trade Policy
- Industrial Policy
WEEK 3: Economic Problems and Policies in Nigeria
- Poverty and Unemployment
- Inflation
- Balance of Payments
- External Debt
WEEK 4: Agriculture
- Importance of Agriculture in Economic Development
- Problems of Agricultural Development
- Agricultural Policies and Programmes
- Agricultural Marketing
WEEK 5: Revision and Examination
In summary, scheme of work is indeed very important for learning. Teachers who want to prepare their lesson notes and students who on their own, prefer to read ahead of this subject should see the information provided here very useful and educative.
We should also note here that this is just a sample scheme of work for Economics subject in Senior Secondary School in Nigeria. The actual scheme of work may vary depending on the school, the state and the curriculum being used.