SS3 Economics 2nd Term

Announcement for Students in:
SS 1, SS 2 & SS 3, 2nd Term

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Week 1:  

Balance of Payment (BOP)

SUB TOPICS:
A. Balance of payment disequilibrium: meaning and types
B. Differences between terms of trade and balance of trade
C. Causes of balance of payments deficit
D. Concept of devaluation
E. Conditions that favour devaluation

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Define the term “balance of payment disequilibrium” (Source: Ref WAEC 2015, Q6a)
2. Explain the two types of balance of payment disequilibrium (Source: Ref WAEC 2015, Q6b)
3. Highlight any four reasons most West African countries are experiencing balance of payment problem (Source: Ref WAEC 2015, Q6c)
4. Distinguish between terms of trade and balance of trade (Source: Ref WAEC 2021, Q8b)
5. ETC

NEW! Exam Questions. Click on
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Week 2:  

Economic Growth and Development

SUB TOPICS:
A. Meaning of economic growth
B. Factors that facilitate economic growth
C. Definition of development
D. Features of development
E. Factors that facilitate economic development
F. Ways of financing economic development

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Define economic growth (Source: Ref E1-01, Pg 456)
2. Highlight five factors that facilitate economic growth (Source: Ref E1-02, Pg 451)
3. ETC

Week 3:  

Economic Development Planning

SUB TOPICS:
A. Meaning of development plan
B. Problems of development plans in Nigeria
C. Concept of “centrally planned economy”
D. Ways of financing economic development

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Explain the term “centrally planned economy” (Source: Ref WAEC 2011, Q3a)
2. Explain what a development plan mean (Source: Ref WAEC 1989, Q4a)
3. ETC

Week 4:  

International Economic Organisations (ECOWAS, ADB)

SUB TOPICS:
A. Concept of “economic integration”
B. ECOWAS: Objectives, Achievements, Challenges and Solutions
C. ADB: Objectives, Achievements, Challenges and Solutions

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Explain the term “economic integration” (Source: Ref WAEC 2022, Q8a)
2. Outline any three short-comings of the Economic Community of West African States (ECOWAS) (Source: Ref WAEC 2022, Q8b)
3. ETC

Week 5:  

International Economic Organisations (OPEC, IMF)

SUB TOPICS:
A. Formation and continued existence of OPEC
B. Objectives of OPEC
C. Problems of OPEC and their solutions
D. Functions of IMF

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Give five reasons for the continued existence of the Organization of Petroleum Exporting Countries (OPEC) (Source: Ref WAEC 2009, Q12)
2. Highlight five objectives of the Organisation of Petroleum Exporting Countries (OPEC) (Source: Ref WAEC 1988, Q9a)
3. ETC

Week 6:  

Current Economic Plans: MDGs, NEEDS, and Vision 2020

Work in Progress

Week 7:  

Mid Term Revision and Test for SS3 Economics 2nd Term

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1. Invisible trade refers to trade in 38

 
 
 
 

2. Division of labour leads to 9

 
 
 
 

3. Public expenditure on education and health is known as expenditure on 45

 
 
 
 

4. Which of the following factors of production consists of man made goods? 6

 
 
 
 

5. Which of the following is not an advantage of tabular presentation of data? It 3

 
 
 
 

Question 1 of 5

Week 8:  

Economic Reform Programmes

SUB TOPICS:
A. Privatisation
B. Government participation in economic activities

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Explain the term “privatization” (Source: Ref WAEC 2010, Q8a)
2. Give four reasons for government participation in economic activities in your country (Source: Ref WAEC 2010, Q8b)
3. ETC

Week 9:  

Economic Reform Programmes (CONT'D)

SUB TOPICS:
A. Privatisation
B. Government participation in economic activities

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Explain the term “privatization” (Source: Ref WAEC 2010, Q8a)
2. Give four reasons for government participation in economic activities in your country (Source: Ref WAEC 2010, Q8b)
3. ETC

Week 10:  

Economic Reform Programmes (CONT'D)

SUB TOPICS:
A. Privatisation
B. Government participation in economic activities

INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1. Explain the term “privatization” (Source: Ref WAEC 2010, Q8a)
2. Give four reasons for government participation in economic activities in your country (Source: Ref WAEC 2010, Q8b)
3. ETC

Week 11:  

Online Quiz

Please check WEEK 7 above

Google Classrooms & Reference Textbooks

Other Classes are Listed Below
for Economics
SS 1 SS 2 SS 3
1st 2nd 3rd 1st 2nd 3rd 1st 2nd 3rd

Scheme of Work by Topic for:
SS3 Economics 2nd Term
(Ana Arm Technologies)
Balance of Payment (BOP)
Economic Growth and Development
Economic Development Planning
International Economic Organisations (ECOWAS, ADB)
International Economic Organisations (OPEC, IMF)
Current Economic Plans: MDGs, NEEDS, and Vision 2020
Economic Reform Programmes
Online Quiz
Reference Textbooks

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