Download well organized and Detailed Economics Lesson Notes for SS2 1st term in PDF or Document format – Edudelight Store
Senior Secondary School 2 First term Economics Scheme of work with lesson notes content
| WEEKS | TOPICS |
| 1 | Basic tools for Economics Analysis; measures of central tendency (mean, median, mode, using grouped data) |
| 2 | Measures of dispersion; range, variance, mean deviation, standard deviation |
| 3 | Theory of consumer behavior; concept of utility (Tu, Au, & Mu(, law of diminishing marginal utility |
| 4 | Demand and supply; change in quantity demanded, Demand and supply; change in quantity supplied, change in supply, effects of changes in demand and supply on equilibrium price and quantity. |
| 5 | Elasticity of supply; meaning, types and measurement of elasticity of supply. (Graphical illustration), importance of elasticity of supply to consumers, producers and government. |
| 6 | Elasticity of Demand; meaning, types and measurement of elasticity of demand. (Graphical illustration), importance of elasticity of demand to consumers, producers and government. |
| 7 | Income elasticity of demand; definition, types (positive and negative), measurement of Income elasticity of demand |
| 8 | Cross elasticity of demand, definition, measurement of cross elasticity of demand |
| 9 | Price control / legislation; meaning, types (minimum and maximum) |
| 10 | Rationing and hoarding; meaning of Rationing and hoarding, effects of Rationing and hoarding, black markets and its effects. |
SSS2 First Term Economics Lesson Note – Edudelight Store
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