SS3 Economics 2nd Term

SS Three
Economics
Second Term

2023/2024 Academic 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

SS3 Economics 2nd Term Scheme of Work by Week. Click HERE to jump to ANY WEEK

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

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Learning objectives: By the end of this lesson, students 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. Outline four causes of balance of payments deficit in a country (Source: Ref WAEC 2021, Q8c)
6. Explain the terms: (i) devaluation: (ii) depreciation of currency (Source: Ref WAEC 2009, Q9a)
7. Outline three measures that can be adopted to correct balance of payments deficit (Source: Ref WAEC 2009, Q9b)

Learning objectives: By the end of this lesson, students 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. Explain the term “economic development” (Source: Ref WAEC 2017, Q7a; WAEC 2011, Q11a)
4. State three features of a developing country (Source: Ref WAEC 2017, Q7b; WAEC 2011, Q11b)
5. Explain any four factors that can speed up the economic development of your country (Source: Ref WAEC 2017, Q7c)
6. Discuss the various ways of financing economic development in Nigeria (Source: Ref WAEC 1989, Q4b)

Learning objectives: By the end of this lesson, students 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. Discuss the various ways of financing economic development in Nigeria (Source: Ref WAEC 1989, Q4b)
4. Give reasons for development planning in Nigeria (Source: Ref WAEC 1990, Q8)
5. Explain the term economic planning (Source: Ref WAEC 1996, Q10a)
6. Outline the problems of development plans in Nigeria (Source: Ref WAEC 1996, Q10b)

Learning objectives: By the end of this lesson, students 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. Highlight any three achievements of the Economic Community of West African States (ECOWAS) (Source: Ref WAEC 2022, Q8c)
4. Outline any three objectives of the African Development Bank (Source: Ref WAEC 2011, Q12a)
5. State any two achievements of the African Development Bank (Source: Ref WAEC 2011, Q12b)
6. Explain any five objectives of the Economic Community of West African States (ECOWAS) (Source: Ref WAEC 2009, Q11)

Learning objectives: By the end of this lesson, students should be able to:
1. Give reasons why the bulk of West African foreign trade is directed away from Africa to Europe and America (Source: Ref WAEC 1988, Q7)
2. Outline the problems of development plans in Nigeria (Source: Ref WAEC 1996, Q10b)

Learning objectives: By the end of this lesson, students 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. Give four reasons why the governments of West African countries have found the policy of privatization attractive (Source: Ref WAEC 2008, Q7)

Take a Quiz on SS3 Economics 2nd Term

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1. Which of the following is part of the capital account of the balance of payment? 40

 
 
 
 

2. Which of the following is an advantage of localization of industry? 10

 
 
 
 

3. Governments of West African countries levy taxes to 42

 
 
 
 

4. The term under-population refers to a situation where the population is 17

 
 
 
 

5. The additional satisfaction derived from the consumption of one more unit of good is called 11

 
 
 
 

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