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SS1 Economics 2nd Term

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SS1 Economics 2nd Term Lesson Note

SS1 ECONOMICS 2ND TERM

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SS 1, SS 2 & SS 3, 2nd Term

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Week 1:  

Types and Features of Business Organizations

(Sole Proprietorship and Partnership)

SUB TOPICS:
A. Definition and formation of sole proprietorship
B. Sources of capital for sole proprietorship
C. Advantages and disadvantages of sole proprietorship
D. Definition and formation of partnership
E. Sources of capital for partnership
F. Advantages and disadvantages of partnership
G. Deeds of partnership

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define and explain sole proprietorship and its formation.
2 List sources of capital for sole proprietorship.
3 ETC

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Week 2:  

Types and Features of Business Organizations

(Cooperative Societies and Joint Ventures)

SUB TOPICS:
A. Definition of public corporation
B. Features of public corporation
C. Advantages and disadvantages of public corporation
D. Definition and types of shares
E. Differences between stock and debentures

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define public corporation.
2 State the features of public corporation.
3 ETC

Week 3:  

Types and Features of Business Organizations

(Private and Public Limited Companies)

SUB TOPICS:
A. Definition of private limited company
B. Characteristics of private limited company
C. Advantages and disadvantages of private limited company
D. Sources of fund available for private limited liability company
E. Definition of public limited liability (joint stock company)
F. Characteristics of public limited liability
G. Advantages and disadvantages of public limited liability
H. Sources of fund available for public limited liability company
I. Instruments for business finance

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define private limited company.
2 State the features of private limited company.
3 Explain the advantages and disadvantages of private limited company.
4 Define public limited liability company.
5 ETC

Week 4:  

Population

SUB TOPICS:
A. Definition of population and census
B. Features of good population census
C. Types of population census
D. Reasons or importance of population census
E. Problems of population census in Nigeria

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 State the meaning of population.
2 Define population census.
3 ETC

Week 5:  

Determinants of Population Size and Growth

SUB TOPICS:
A. Determinants of population size and growth
B. Meaning of migration
C. Types of migration
D. Factors affecting of migration
E. Advantages and disadvantages of large population size
F. Rural urban migration
G. Population density
H. Ageing population
I. Declining population: advantages and implications

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Explain factors that determine the population size and and growth of a country.
2 Mention and explain factors affecting birth and death rates.
3 Define migration.
4 List and explain various types of migration.
5 ETC

Week 6:  

Concept of Over-Population and Theories of Population

SUB TOPICS:
A. Definition of over-population
B. Advantages and control of over-population
C. Under population: causes, advantages and implications
D. Optimum population: meaning and implications
E. Malthusian population theory: features and criticism
F. Demographic transition theory: meaning, stages, and criticism

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define over-population.
2 Mention the advantages and control methods of over-population
3 Explain the meaning of under-population.
4 Mention the causes of under-population.
5 ETC

Week 7:  

Mid Term Revision and Test for SS1 Economics 2nd Term

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1. Which of the following is a major barrier to international trade? 48

 
 
 
 

2. Which of the following is a direct tax? 41

 
 
 
 

3. Performance of one task in a production process is known as 11

 
 
 
 

4. Economic problems arise because WAEC 2001 QST 1

 
 
 
 

5. The cost incurred by using both fixed and variable factors production is called 15

 
 
 
 

Question 1 of 5

Week 8:  

Population Distribution

SUB TOPICS:
A. Population distribution: age, geographical, sex, and occupational
B. Importance of age distribution
C. Areas and reasons for high and low population density in Nigeria
D. Rural–urban migration
E. Mathematical approach to population studies

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Explain clearly the meaning of age, sex, geographical and occupational distribution.
2 State the importance of age distribution.
3 Identify areas of low population density.
4 Itemize reasons for low population density in these areas.
5 ETC

Week 9:  

Labour Market

SUB TOPICS:
A. Definition of labour market
B. Meaning of labour force
C. Factors affecting labour force
D. Efficiency of Labour: meaning
E. Factors influencing efficiency of Labour
F. Mobility of Labour: meaning and types
G. Factors affecting mobility of Labour

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define labour market.
2 Explain the meaning of labour force.
3 Enumerate the factors affecting labour force.
4 Define efficiency of labour.
5 ETC

Week 10:  

Labour Market (CONT'D)

SUB TOPICS:
A. Definition of labour market
B. Meaning of labour force
C. Factors affecting labour force
D. Efficiency of Labour: meaning
E. Factors influencing efficiency of Labour
F. Mobility of Labour: meaning and types
G. Factors affecting mobility of Labour

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define labour market.
2 Explain the meaning of labour force.
3 Enumerate the factors affecting labour force.
4 Define efficiency of labour.
5 ETC

Week 11:  

Online Quiz

Please check WEEK 7 above

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Scheme of Work by Topic for:
SS1 Economics 2nd Term
(Ana Arm Technologies)
Types and Features of Business Organizations:
1. Sole Proprietorship and Partnership
2. Cooperative Societies and Joint Ventures
3. Private and Public Limited Companies
Populatiom
Determinants of Population Size and Growth
Concept of Over-Population and Theories of Population
Population Distribution
Labour Market
Online Quiz
Reference Textbooks

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