SS2 Economics 3rd Term

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SS Two Economics Third Term

National Income and Public Finance

Sub topics:
Meaning and Basic Concept of National Income
Reasons, Uses and Problems of National Income Accounting
Mathematics of National Income
Period 1: Meaning and Basic Concept of National Income
Instructional objectives: By the end of the lesson, learners should be able to:
Explain meaning of national income.
Highlight various concept of national income.
Explain methods of computing national income.
Explain the following: GNP, GDP, NNP, NDP, PCI, standard of living, cost of living and disposable income
Enumerate and explain methods of national income accounting: income, expenditure, and output methods

Money and inflation I

Sub topics:
Supply of Money and Demand for Money
Value of Money and Price Level
Fisher’s Theory of Money
Meaning, Types and Causes of Inflation

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Money and inflation II

Sub topics:
Effects and Control of Inflation
Inflation in Nigeria
Deflation, Meaning, Effects and Control

International Trade I

Sub topics:
Meaning and Types of trade (home trade and Foreign Trade)
Basis for International Trade
Problems of International Trade

International Trade II

Sub topics:
Advantages and Disadvantages of International Trade
Division of International Trade
Balance of Trade and Balance of Payments
Procedures for International Trade