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ECONOMICS SCHEME OF WORK FOR SS2 SECOND TERM

Desmond Akachukwu

26 Aug, 2022

ECONOMICS SCHEME OF WORK FOR SS2 SECOND TERM
WEEKS	TOPICS
1	REVISION OF LAST TERM WORK
	PRODUCTION POSSIBILITY CURVE (PPC)
	MEANING AND GRAPHICAL ILLUSTRATION OF (PPC)
	LAW OF VARIABLE PROPORTION
	CONCEPT OF TOTAL PRODUCTIVITY
	CONCEPT OF AVERAGE PRODUCTIVITY
	CONCEPT OF MARGINAL PRODUCTIVITY

2	COST CONCEPT
	MEANING OF COST CONCEPT TO AN ACCOUNTANT AND TO AN ECONOMIST
	MEANING OF COST OF PRODUCTION
	TYPES OF COST (TC, FC, VC, AFC, MC etc)
	SHORT TERM AND LONG TERM COST

3	REVENUE CONCEPT
	MEANING OF REVENUE TO AN ECONOMIST
	TYPES OF REVENUE
	GRAPHICAL ILLUSTRATION, SCHEDULE AND CURVE
	CALCULATION

4	ECONOMIC SYSTEM
	MEANING OF ECONOMIC SYSTEM
	TYPES OF ECONOMIC SYSTEM (CAPITALISM, SOCIALISM, MIXED ECONOMY AND WELFARISM)
	FACTORS TO BE CONSIDERED WHEN ADOPTING AN ECONOMICS SYSTEM
	ADVANTAGES AND DIS ADVANTAGES OF EACH OF THE SYSTEM

5	LABOR MARKET
	MEANING OF LABOR MARKET
	CONCEPT OF WORK FORCE
	FACTORS AFFECTING THE SIZE OF LABOR FORCE
	EFFICIENCY OF LABOR (MEANING AND IMPORTANCE)
	MOBILITY OF LABOR (MEANING AND IMPORTANCE)

6	SUPPLY AND DEMAND FOR LABOR
	MEANING OF SUPPLY AND DEMAND FOR LABOR
	WAGE DETERMINATION
	UNEMPLOYMENT (MEANING AND TYPES)
	TRADE UNION

7	OPEN DAY AND MID-TERM BREAK

8	MARKET STRUCTURE
	MEANING AND TYPES OF MARKET (PERFECT AND IMPERFECT)
	PERFECT MARKET (MEANING, FEATURES AND EQUILIBRUM)

9	IMPERFECT MARKET
	MEANING AND TYPES WITH GRAPHICAL ILLUSTRATION
	PRICE DETERMINATION : EQUILIBRUM POSITION (LONG TERM AND SHORT TERM)

10	INDUSTRIES IN NIGERIA
	MEANING OF PLANTS, FIRMS,INDUSTRY, FACTORY AND INDUSTRIAL ESTATE
	TYPES OF INDUSTRY (MINING, CONSTRUCTION etc)
	INDUSTRIAL STRATEGIES
	PROBLEM OF INDUSTRIALISATON

11	LOCATION OF INDUSTRY
	MEANING OF LOCATION OF INDUSTRY
	FACTORS AFFECTING LOCATION OF INDUSTRY
	LOCALIZATION OF INDUSTRY (MEANING)
	FACTORS AFFECTING LOCATION OF INDUSTRY
	ADVANTAGES AND DIS ADVANTAGES OF LOCALIZATION OF INDUSTRY

12	REVISION OF LAST TERM WORK
13	EXAMINATION

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