SS2 Economics 2nd Term

SS Two
Economics
Second Term

2023/2024 Session Secondary School Resumption Dates:
Mon 18-09-2023 for 1st Term Mon 08-01-2024 for 2nd Term Mon 29-04-2024 for 3rd Term

SS2 Economics 2nd Term Scheme of Work by Week. Click HERE to jump to ANY WEEK

Announcement for Students in:
SS One, SS Two & SS Three, Second Term

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Learning objectives: By the end of this lesson, students should be able to:
1. Define money and explain its characteristics (Source: Ref WAEC 1994, Q8)

Learning objectives: By the end of this lesson, students should be able to:
Explain the term “unemployment of labour” (Source: Ref WAEC 2019, Q6a)
Outline any four causes of unemployment in a country (Source: Ref WAEC 2019, Q6c)
Differentiate between unemployment and underemployment (Source: Ref WAEC 2018, Q5a)
Explain the following terms with one example each: (i) Seasonal unemployment (ii) Structural unemployment (iii) Frictional unemployment (iv) Cyclical unemployment (Source: Ref WAEC 2018, Q5b; WAEC 2019, Q6a)
Calculate the size of the entire labour force in a country (Source: Ref WAEC 2021, Q1a)
Determine the percentage of labour force engaged in the: (i) Primary sector (ii) Secondary sector and (iii) Tertiary sector (Source: Ref WAEC 2021, Q1b)

Learning objectives: By the end of this lesson, students should be able to:
1. Explain the term “price elasticity of supply” (Source: Ref WAEC 2016, Q5a)
2. Differentiate between joint supply and competitive supply (Source: Ref WAEC 2016, Q5b)
3. Explain any four determinants of elasticity of supply (Source: Ref WAEC 2016, Q5c)
4. Define price elasticity (Source: Ref WAEC 1992, Q2a)

Learning objectives: By the end of this lesson, students should be able to:
1. Define a market (Source: Ref WAEC 1991, Q7a)
2. Explain four characteristics of a perfect market (Source: Ref WAEC 1991, Q7b)
3. State two features each of: (i) perfect competition and (ii) monopolistic competition (Source: Ref WAEC 2017, Q5a)
4. Explain what it means for a firm to be a: (i) price taker and (ii) price maker (Source: Ref WAEC 2017, Q5b)
5. Explain the following sources of monopoly power: (i) acts of parliament; (ii) copyright; (iii) natural monopoly; (iv) cartel (Source: Ref WAEC 2017, Q5c)
6. State any two ways by which monopolistic competition and perfect competition are similar and any three ways in which they are different (Source: Ref WAEC 1996, Q7)

Learning objectives: By the end of this lesson, students should be able to:

1. Outline the ways in which the federal government has encouraged industrialization in Nigeria in recent years (Source: Ref WAEC 1992, Q6)

2. Outline five likely reasons for government participation in the location of industries in Nigeria (Source: Ref WAEC 1993, Q3)

Learning objectives: By the end of this lesson, students should be able to:
1. Explain the following terms: (i) peasant farming (ii) Co-operative farming (Source: Ref WAEC 2016, Q4a)
2. Identify any five ways through which government can assist peasant farmers (Source: Ref WAEC 2016, Q4b)
3. Discuss the important role played by agriculture in the economy of your country (Source: Ref WAEC 1988, Q8)
4. Briefly outline the measures which Nigeria has taken to improve the marketing of her agricultural produce (Source: Ref WAEC 1989, Q3)
5. List and discuss five reasons why West African countries cannot meet their domestic food requirement despite having about 75% of their labour force in agriculture (Source: Ref WAEC 1990, Q4)
6. Discuss five contributions made by agriculture to the industrial development of Nigeria (Source: Ref WAEC 1991, Q2)

Take a Quiz on SS2 Economics 2nd Term

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1. The location of timber and plywood industries in West Africa is mainly influence by the availability of WAEC 2002 QST 15

 
 
 
 

2. Malthus population theory stated that 25

 
 
 
 

3. Which of the following is a liability of a commercial bank? 31

 
 
 
 

4. Who among the following will benefit from inflation? 34

 
 
 
 

5. The costs which a firm will incur whether it is in production or not, is referred to as WAEC 2002 QST 13

 
 
 
 

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