2022/2023 Second Term Economics Scheme Of Work For SS2

Economics scheme of work

UNIFIED SCHEME OF WORK FOR ECONOMICS

CLASS: SENIOR SECONDARY SCHOOL TWO

TERM: SECOND TERM SCHEME OF WORK

WEEK 1

TOPIC

Revision And General Cleaning

WEEK 2

TOPIC

Market – Structure

CONTENT

– concept and types of market

– review of cost and revenue curves.

– price and quantity of determination under perfect c0ompetiton, monopoly, duopoly, and oligopoly

BEHAVIOURAL OBJECTIVE

Students should be able to:

– explain the concept of the market and distinguish it from the marketplace.

– distinguish between perfect and imperfect markets by being able to identify their features.

– draw a graph to illustrate price and quantity determination under :

* Perfect competition

* monopoly

* oligopoly 

INSTRUCTIONAL MATERIALS

Graphs

TEACHERS ACTIVITIES

emphasize the distinction between market and marketplace

– identify and explain the basic features of the perfect and imperfect markets using real-life examples

– revise cost and revenue concept. 

LEARNERS ACTIVITIES

– list and distinguish between the various types of markets.

– explain the meaning of markets and distinguish it from the marketplace.

WEEK 3

TOPIC

Elementary Treatment Of Fiscal Policy

CONTENT

– meaning of a fiscal policy of public finance

– objectives of public finance.

– revenue allocation ( including resources control )

– Source of government revenue. 

BEHAVIOURAL OBJECTIVE

Students should be able to :

– define public finance and its objectives

– discuss the structure of government revenue and public expenditure by illustrating with Nigerian data

INSTRUCTIONAL MATERIALS

Budget statements of any year

TEACHERS ACTIVITIES

– illustration with Nigerian data at different stages of teaching

LEARNERS ACTIVITIES

– list the source of government revenue.

– state the objectives of public finance

WEEK 4

TOPIC

Elementary Treatment Of Fiscal Policy (Cont)

CONTENT

– direct and indirect taxation

– effect and incidence of taxation

– structure and effects of public expenditure on government budget. 

BEHAVIOURAL OBJECTIVE

Students should be able to :

– distinguish between direct and indirect taxation. Recurrent and capital expenditure

– analyse the effects and incidence of taxes

INSTRUCTIONAL MATERIALS

Budget statement of any year

TEACHERS ACTIVITIES

–  use demand and supply curves to analyse the incidence of taxation

LEARNERS ACTIVITIES

– distinguish between  direct and indirect taxation,

– discuss incidence of taxation

WEEK 5

TOPIC

Budget

CONTENT

– meaning of budget :

– meaning of types  of budget : balanced, surplus and difficult budget

– ways of financing difficult budget and their effects. ( debt burden, debt relief, debt buyback).

– nationa debt

BEHAVIOURAL OBJECTIVE

Students should be able to :

–  explain the concept of budget. Difficult, surplus and balanced budget.

– explain the components of national debt

– explain the concept of and criteria for revenue allocation ( including resources control) in Nigeria and associated problems. 

TEACHERS ACTIVITIES

Use a budget statement to illustrate government fiscal operations.

– state ways of financing difficult budget and there effects

LEARNERS ACTIVITIES

– list their own source of revenue and the items they spend money on e.g. in the previous week

WEEK 6

TOPIC

Element Of National Income Accounting

CONTENT

– meaning of national income concept and their uses

– ways of measuring national income and

– problem of measuring national income

– uses and limitation of national income estimate

– trend and structure of national income

BEHAVIOURAL OBJECTIVE

Students should be able to :

– explain the meaning of different national income concepts.

– discuss different ways of measuring national income

– explain  the shortcoming of currently used national income concept

INSTRUCTIONAL MATERIALS

Chart to illustrate component of national income .

TEACHERS ACTIVITIES

Guides students in learning the ways of calculating national income

LEARNERS ACTIVITIES

Identify local economic activities that contributes to total national income

– apply the concept of income determination to solve simple economic problems

WEEK 7

TOPIC

Money : Demand For And Supply Of Money

CONTENT

– motive for holding money

– determinants of supply and demand for money

– value of money and price level

– elementary quantity theory of money

BEHAVIOURAL OBJECTIVE

Students should be able to:

– identify the various motive for holding money.

– explain elementary quantity of money

– identify the determinants of the supply of money.

– explain how the changes in price level affect the purchasing power of money

INSTRUCTIONAL MATERIALS

Coins, bank notes, ATM card, credit card and cheques

TEACHERS ACTIVITIES

– explain the various motive for holding wealth in the form of money.

– provide illustration of coins, paper money and cheque.

– specimens of items that could serve as commodity money

LEARNERS ACTIVITIES

– identify the various motives for holding money

– identify the determinants of the supply of money

WEEK 8

TOPIC

Money : Inflation

CONTENT

–  meaning of inflation

– types of inflation

– cause of inflation

– effect and control of inflation

– inflation in Nigeria

BEHAVIOURAL OBJECTIVE

Students should be able to :

–  identify the different types of inflation

– identify the cause and control measures  of inflation

– discuss Nigerian inflationary experience and the various control measures adopted by the government

INSTRUCTIONAL MATERIALS

– time series data on prices

– consumer price index information published by central bank of Nigeria and other institution

TEACHERS ACTIVITIES

– organize students in  smaller group to discuss effect of rising in price on their allowance and what they can buy

– present the material making reference to the day – to – day transaction experience of the students

LEARNERS ACTIVITIES

_ narrate their experience of inflation in their environment

–  testify to the fact that hoarding cause inflation

– plot graph to illustrate price changes over time.

WEEK 9

TOPIC

Money : Deflation

CONTENT

– meaning of deflation

– types of deflation

– causes of deflation

– effect and control of deflation

BEHAVIOURAL OBJECTIVE

Students should be able to :

– identify the cause and control method of deflation

– identify the effect of deflation

INSTRUCTIONAL MATERIALS

Consumer price

Index information published by central bank of Nigeria

TEACHERS ACTIVITIES

– organize students in smaller group to discuss the effect of falling prices on their allowances and what they can buy.

LEARNERS ACTIVITIES

– narrate the experience deflation in their environment

– plot a graph to illustrate price changes overtime.

– testify to the fact tha over – production causes deflation

WEEK 10

TOPIC

Economic Lessons From Asian Tigers, Japan, Europe And America

CONTENT

– economic history of Asian tigers and Japan

( 1960 – 2000)

BEHAVIOURAL OBJECTIVE

Students should be able to :

– explain the factors that account for the rapid development of these countries in south East Asia.

– explain the meaning of japaneze iracle.

INSTRUCTIONAL MATERIALS

– map of the world

– text books

TEACHERS ACTIVITIES

– test previous knowledge of economic systems taught in previous year.

– lead students to locate Indonesia, korea, Taiwan, and japan on the world map.

– assits them to describe the economic history of Indonesia, korea, Taiwan and Japanese

( from 1960 to date.

LEARNERS ACTIVITIES

– discuss the economic history of Indonesia, korea, Taiwan, and Japan ( from 1960 to date)

– read about the Japanese miracle

WEEK 11

TOPIC

Economic Lessons From Asian Tigers, Japan, Europe, And America

CONTENT

– Review of the development strategies employed by the Asian Tigers, Japan, Europe and America.

– lesion for the Nigerian Economy

BEHAVIOURAL OBJECTIVE students should be able to :

– differentiate between the development strategies of Asian Tigers, Japan, Europe and America

– identify the lesson for Nigeria

INSTRUCTIONAL MATERIALS

– map of the world

– text book

TEACHERS ACTIVITIES – lead the students to explain the Japanese miracle

– guide students to differentiate between economic strategies employed by the newly industrialized countries and the country of Europe and America

– lead students to draw lesson from the experience of the newly industrialized countries.

LEARNERS ACTIVITIES

– study the economic strategies employed by the newly industrialized countries and countries of Europe and America.

– compare the experienced of the newly industrialized countries with that of Nigeria.

Identify the weakness of the Nigeria approach.

WEEK 12 & 13

Revision And Examination

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