SS1 2nd Term Economics scheme of work

SECOND TERM E-LEARNING NOTE

SUBJECT: ECONOMICS                                                                           CLASS: SS1

SCHEME OF WORK

WEEK            TOPIC

1. Capital as a Factor of Production-Meaning, Type and Characteristics

Entrepreneur- Meaning and Function                  

      2.               Division of Labour

                        a. Meaning

                        b. Advantages and Disadvantages

                        c. Limitations

                        Specialization

1. Meaning
2. Types
3. Scale of Production

            a.  Meaning of Scale of Production

                        b.  Small, Medium and Large Scale

                        c.  Internal and External Economies of Scale

                        d.  Internal and External Diseconomies of Scale

       4.              Firm & Industry

                        a. Definition of Firm, Plant and Industry.

                        b. Factors that Determine the Size of a Firm

                        c. Concept of Total Product (TP), Average Product (AP) and Marginal Product

                        (MP).  Illustration with Tables and Graphs

                        d. Production Possibility Curve

        5.             Business Organization

                        Sole Proprietorship and Partnership

1. Meaning
2. Characteristics
3. Types of Partnership
4. Advantages and Disadvantages
5. Sources of Finance
6. Contributions to the Economy

         6.            Joint Stock Companies

                        a.   Meaning

                        b.   Characteristics

                        c.   Types ( Private and Public Liability Companies) 

                        d.   Advantages and Disadvantages

                        e.   Sources of Finance (Shares, Bonds, Debentures, etc)

• Contributions to the Economy

                        Co-operative Societies

                        a. Meaning

                        b. Types of Co-operative Society

                        c.  Advantages and Disadvantages

                        d.  Sources of Finance

          7.           Public Enterprises

                        a.  Meaning

                        b.  Characteristics

                        c.  Reasons for setting up

                        d.  Advantages and Disadvantages

                        e.  Sources of Finance

                        f.  Contributions to the Economy

         8.            Population

1. Meaning of Population
2. Determinants of Population Size
3. Population Growth (High Population and Declining Population)
4. Implication of Size and Growth of Population

        9.             Population Census

                        a.  Meaning of Population Census

                        b. Types of Population Census

                        c. Importance (Uses)

                        d. Problems of Population Census

Population Structure or Distribution(Sex, Age, Geographical & Occupational distribution)

      10.             Population and Economic Development

                        a.  Over – Population

    b.  Under – Population

    c.  Optimum- Population

Theories of Population

1. Malthusian Theory
2. Demographic Transition Theory

                        How to Control Population Growth.

      11.             Labour Market

                        a.  Definition  of Labour Market

                        b.  Concept of Labour Force

                        c.  Factors Affecting the Size of Labour Force

                        Mobility of Labour

1. Meaning of Mobility of Labour
2. Types of Mobility of Labour
3. Importance of Mobility of Labour

REFERENCE BOOKS

• Amplified and Simplified Economics for Senior Secondary School by Femi Longe
• Comprehensive Economics for Senior Secondary School by J.U. Anyaele
• Fundamentals of Economics for SSS By. R.A.I. Anyanwuocha