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Economics syllabus
Covers basic economic concepts, demand and supply, production, money and the Nigerian economy.
WAECJAMBNECO
Topic 1
Basic concepts
- Scarcity, choice and opportunity cost
- Economic systems
- Tools of economic analysis
Topic 2
Demand, supply and price
- Laws of demand and supply
- Elasticity and its applications
- Price determination and price control
Topic 3
Production and business
- Factors of production and division of labour
- Cost, revenue and scale of production
- Business organisations and market structures
Topic 4
Money, banking and public finance
- Functions of money and inflation
- Central and commercial banking
- Taxation, budgets and public debt
Topic 5
The Nigerian economy
- Agriculture, petroleum and industrialisation
- Population, labour and unemployment
- International trade and ECOWAS
Topics follow the published WAEC, JAMB and NECO syllabuses. Always check your exam body's official syllabus for the final word.