# 2022/2023 First Term Economics Scheme Of Work For SS2 UNIFIED SCHEME OF WORK FOR ECONOMICS

CLASS: SENIOR SECONDARY SCHOOL TWO

TERM: FIRST TERM SCHEME OF WORK

#### WEEK 1

Revision And General Cleaning

#### WEEK 2

TOPIC

Tools Of Economic Analysis

CONTENT

–  simple linear equation

– a measure of dispersion ( pie chart, bar chart, histogram and polygon).

– calculate of chart

BEHAVIOURAL OBJECTIVE

– students should be able to :

– explain simple economic relationships with tables, (graphs and charts).

INSTRUCTIONAL MATERIALS

Graph paper and other relevant materials

TEACHERS ACTIVITIES

– Previous Test knowledge of basic tools taught in year 1.

– give relevant exercise on the new topic

LEARNERS ACTIVITIES

Draw table, graph and calculate given data.

#### WEEK 3

TOPIC

Theory Of Demand

CONTENT

–  definition of demand

– law of demand

– demand schedule and demand curve

– types of demand

– factors affecting demand.

– change in demand and change in quantity demanded.

BEHAVIOURAL OBJECTIVE

Students should be able to :

–  explain the meaning of demand and its various types

– explain affecting demand

– distinguish between factors causing shifts in demand and those causing movements along the demand curve.

– distinguish between various types of demand

INSTRUCTIONAL MATERIALS

Graph paper

TEACHERS ACTIVITIES

Emphasise the role of the price system in resources allocation in economic

LEARNERS ACTIVITIES

Plot the demand schedule in a graph to obtain the curve

#### WEEK 4

TOPIC

Theory Of Supply

CONTENT

– definition of supply

– law of supply

– supply schedule and supply curve

– types of supply

– change in supply and change in quantity supply

BEHAVIOURAL OBJECTIVE

The student should be able to :

–  explain the meaning of supply and its various types

– explain factors affecting supply

– distinguish between factors causing a shift in supply and those causing movement along the supply curve.

– distinguish between various types of supply .

INSTRUCTIONAL MATERIALS

Graph paper

TEACHERS ACTIVITIES

Emphasise the role of the price system in resources allocation in economic

LEARNERS ACTIVITIES

Plot the supply schedule in the graph to obtain the curve.

#### WEEK 5

TOPIC

The Production Possibility Curve

CONTENT

–  production possibility curve

– concept of total, average and marginal productivity

– laws of variable proportion

BEHAVIOURAL OBJECTIVE

The student should be able to :

–  define the PPC.

– show how to plot the graph from possible data

INSTRUCTIONAL MATERIALS

Graph sheets

TEACHERS ACTIVITIES

Give hypothetical production data and figure to plot the PPC and calculate marginal product (MP) and average product ( AP).

LEARNERS ACTIVITIES

– Draw the PPC on graph sheets

– calculate the AP and MP.

WEEK 6

TOPIC

Cost Concept

CONTENT

– definition of cost

– cost concept:- total, average, marginal, fixed, variable, short-run and long-run cost.

– the distinction between economists’ and accountants’ views of cost.

BEHAVIOURAL OBJECTIVE

The student should be able to :

– distinguish between the different cost concepts ( variable, fixed, average, marginal, short run and long run cost )

– draw different cost curves

– explain the relationship between cost and production

INSTRUCTIONAL MATERIALS

Graph sheets

TEACHERS ACTIVITIES

Ask the students to state what they consider as cost.

–  highlight the distinction between the cost to the individual, business, enterprise and to nation.

LEARNERS ACTIVITIES

Identify costs incurred in the running of the school.

– excursion to local factors to identify cost items.

#### WEEK 7

TOPIC

Revenue – Concept

CONTENT

– the concept of revenue:-

Total, average and  marginal revenue

– revenue schedule and curves

BEHAVIOURAL OBJECTIVE

The student should be able to:-

– define revenue

– distinguish between the different revenue concepts ( total, average, marginal)

– draw different revenue curve

– explain the relationship between revenue and production.

INSTRUCTIONAL MATERIALS

Graph sheets

TEACHERS ACTIVITIES

Explain the concept of total, average and marginal revenue.

– draw relevant revenue schedule and curves

LEARNERS ACTIVITIES

Draw revenue schedules and curves from the hypothetical figure provided by the teacher.

#### WEEK 8

TOPIC

Types And Features Of Economic Systems

CONTENT

Basic features of economic system: capitalization, socialism, mixed econ.

BEHAVIOURAL OBJECTIVE

Students should be able to :

– describe different economic systems ( free enterprises, centrally planned and mixed economy) and how they solve their financial problems.

Distinguish among the system.

INSTRUCTIONAL MATERIALS

Political map

TEACHERS ACTIVITIES

Explain features of the various economic systems by drawing.

– For example from define USSR, the united States and Nigeria

LEARNERS ACTIVITIES

State features of the Nigerian economy and the types of the economic system being operated.

#### WEEK 9

TOPIC

Labour Market

CONTENT

–  supply of and demand for labour.

– wage determination

– trade union and other related institutions.

– the concept of unemployment, types, effect and solution.

BEHAVIOURAL OBJECTIVE

Students should be able to :

–  identify the factors that influence the supply and the demand for labour.

– distinguish between factors that shift the supply and demand curve and those that affect their slope

– explain different kinds of unemployment, cause, effects and solution

INSTRUCTIONAL MATERIALS

– graph paper

– pencil

– newspaper dipping

-hypothetic

Price level, wage rate and productivity data.

TEACHERS ACTIVITIES

Review the relationship between the size of the labour force and population trusted in ss1

– draw out the distinction between real and nominal wages

– discuss the introduction of minimum wages.

LEARNERS ACTIVITIES

– state the population of their various household and the number who are effectively employed

– mention some jobs a young school leaver could engage in

#### WEEK 10

TOPIC

Elementary Treatment Of Utility Theory

CONTENT

– the concepts of utility, average, marginal and total utility

– discuss the principle of utility maximization and diminishing marginal utility

– explain why the curves are downward sloping.

BEHAVIOURAL OBJECTIVE

– drinkable water, soft drinks and cup

– graph

INSTRUCTIONAL MATERIALS

Explain the real-life examples, the concept of utility, average, marginal and total utility

– explain the principle of diminishing marginal utility with the drinking of water or soft drinks

TEACHERS ACTIVITIES

– calculate the total, average, and marginal utility from the hypothetical schedule given.

– draw that graph

#### WEEK 11

TOPIC

Price Determination

CONTENT

– determination of equilibrium price and quantity.

– effect of changes in demand and supply on the equilibrium price and quantity .

– types of demand and supply ( joint demand, joint supply etc.)

– the concept of elasticity and its application

– simple application of price theory e.g. minimum and maximum price legislation.

BEHAVIOURAL OBJECTIVE

Students should be able to :

– identify and explain the interaction between the force of demand and supply in determining the market price.

– explain the effect of changes in demand and supply on the equilibrium price and quantity.

– explain the elasticity of demand and supply using curves and mathematical expressions.

–  explain and use the concept of elasticity to analyze the price policy of firms on maximum and minimum price control.

INSTRUCTIONAL MATERIALS

-appropriate  illustration ( bread and butter, petrol and car to illustrate joint demand and other types of demand and supply

– graph and diagram

TEACHERS ACTIVITIES

Demonstrate the effect of changes in demand and supply on equilibrium price and quantity

– illustrate with local examples

– calculate elasticity values

LEARNERS ACTIVITIES

The graph explains the effect of changes in demand/quantity demanded on the price and quantity.

#### WEEK 12 & 13

Revision And Examination

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