Students readiness Assessment test Basic tools for economic analysis Measure of Central Tendency (mean, median, mode using grouped data)
By the end of the lesson, students should be able to: 1] recall the last term’s work and provide appropriate answers to the assessment questions given by teacher to determine their progress, 2]appraise the basic tools for economics analysis 3]calculate the measure of central tendency using grouped data
1]students as a class revises their last term’s topics and attempt the evaluation questions given, while their teacher gives scores and remarks 2]students in small groups , discuss the meaning of basic tools of economic analysis and share with the class 3]individual students, solve questions on the topic (i.e. calculate measure of Central tendency using grouped and ungrouped data to assess their understanding of the topic, while the teacher awards marks 4] students in small groups , formulate the easiest way/method for solving equations and discuss with the class
critical thinking and problem solving Collaboration and communication Creativity and imagination Leadership and personal development
Audio-visual Resources Calculator Ruler and pencil Set of data Web Resources En.m.wikipedia.org Mstatistics.laerd.com
2
Measure of dispersion Range, variance, mean deviation, standard deviation simple linear Equation (simultaneous equation)
By the end of the lesson, students should be able to: 1]distinguish between mean deviation and standard deviation 2]calculate variance and deviations (mean, and standard) of a given data: 3]create the best and the simplest method for solving a simultaneous equation
The students are given an illustration to solve as class activity Students as a class brainstorm on the difference between a mean and a standard deviation and discuss with the class Students in small groups, calculate the variance and deviations of a given data on a play card and explain to the class
critical thinking and problem solving Collaboration and communication Creativity and innovation s Leadership and personal development
Theory of consumer Behavior Concepts of utility (TU,AU, MU) law of diminishing marginal utility Relationship between marginal utility and demand curve, utility maximization
By the end of the lesson, students should be able to: 1] analyse the concept of utility 2]explain the law of diminishing marginal utility with a diagram 3]relate marginal utility and demand curve to utility maximization
1] students as a whole discuss the concept of utility and explain to the class 2] students in small groups, instance illustrates with a diagram to explain the law of diminishing marginal utility, and a card board and discuss with the class 3] students in pairs critically look at the curve of marginal utility and demand curve, compare their similarities and differences, and share with the class
Critical thinking and problem-solving Communication and collaboration Leadership and personal development Creativity and imagination
Demand and supply change in quantity demand Change in demand, Change in quantity supplied Change in supply Effect of changes in demand and supply on equilibrium price and quantity
By the end of the lesson, students should be able to: 1] analyse the concept of change in demand and change in quantity demand, change in supply and change in quantity supplied 2]evaluate the effects of changes in demand and supply on equilibrium quantity of a given commodity
1]students as a class, discuss the analysis of the concept of change in demand and change in demand and quantity supplied 2]students in pairs, compares the curves of change in demand and change in quantity demanded and change in supply and change in quantity supplied and explain same to the class 3]students in small groups , illustrate the curve on card board and explain to the class
Critical thinking and problem-solving Communication and collaboration Leadership and personal development
Elasticity of demand meaning, types and measurement of elasticity of demand (graphical illustration) importance of elasticity of demand to consumers, producers and government
By the end of the lesson, students should be able to: 1] describe elasticity of demand with a diagram; 2] calculate and illustrate with diagram, the types of price elasticity of demand; 3]justify the effects of elasticity of demand
1]The students as a class discuss the meaning of elasticity of demand with a diagram 2] students in groups solve questions on the types of price elasticity of demand , with an illustration on a card board and share with the class 3]students in small groups, evaluate the effects of elasticity of demand on consumption of a commodities
Critical thinking and problem-solving Communication and collaboration Leadership and personal development
Elasticity of supply meaning , types and measurement of elasticity of supply (graphical illustration) importance of elasticity of supply to consumers, producers and government
By the end of the lesson, students should be able to: 1] explain elasticity of supply with a diagram, 2] calculate and illustrate with diagram, the types of price elasticity of supply 3] account for the effects of elasticity of supply
1] the students in pair identify the types of elasticity of supply through their diagrams 2]students in a small group, calculate the different types of elasticity of supply with an illustration on a card board and share with the class 3]students in a same groups justify the effect of elasticity of supply on consumption of commodities
Critical thinking and problem-solving Communication and collaboration Leadership and personal development
Income Elasticity of demand Definition Types (positive and negative) measurement of income elasticity of demand
By the end of the lesson, students should be able to: 1] analyse income elasticity of demand 2] identify and differentiate the types of income elasticity of demand with a diagram illustration 3] apprise ways of measuring income elasticity of demand
1] students as a class, discuss the meaning of income elasticity of demand 2]students in pairs identify and explain the different between price and income elasticity of demand and discuss with the class 3]students in small groups, calculate the income elasticity of demand and share
Critical thinking and problem-solving Communication and collaboration Leadership and personal development
Cross elasticity of demand Definition Measurement of cross elasticity of demand
By the end of the lesson, students should be able to: 1] define cross elasticity of demand 2]distinguish between price elasticity of demand and cross elasticity of demand 3]calculate cross elasticity of demand
1]students as a class, discuss the meaning of cross elasticity of demand 2]students in pairs identify and explain the different between price and cross elasticity of demand and discuss with the class 3]students in small groups calculate the cross elasticity of demand and share with the class for critiques
critical thinking and problem-solving Communication and collaboration Leadership and personal development
Price control legislature meaning Types (minimum and maximum)
By the end of the lesson, students should be able to: 1] analyse price control legislation 2]identify and differentiate the types of price control 3] illustrate diagrams to illustrate price control on a diagram property
1]The students as a class analyse the meaning of price legislation 1] students in pair identify and differentiate the types of price control and share with the class 3]students in small groups, illustrate the types of price control and discuss with the class
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Rationing and hoarding meaning of rationing and hoarding Effects of rationing and hoarding Black market and its effects
By the end of the lesson, students should be able to: 1] appraise the meaning rationing and hoarding 2]differentiate between rationing and hoarding 3]justify the effects of rationing and hoarding on the economy of the country
1]The students as a class were presented pictures of people that are quelling for fuel at a filling station to deduce the meaning of rationing and commodities 2] students in pairs differentiates rationing hoarding on the commodities and share with the class 3] students in groups outline and discuss the effects of hoarding and rationing of commodities on the economy and share with class
critical thinking and problem-solving collaboration and Communication Digital literacy Leadership and personal development citizenship
Access free Unified Economics Scheme of work for SSS2. SS2 Syllabus for Senior Secondary School Lagos State –Schemeofwork.com
Economics Scheme of Work SSS2 Second Term
WKS
TOPICS
LEARNING OBJECTIVES
LEARNING ACTIVITIES
EMBEDDED CORE SKILLS
LEARNING RESOURCES
1
Students Readiness Assessment Test production Possibility curve (PPC) meaning and graphical illustration laws of variable proportion Concepts of total average and marginal productivity
By the end of the lesson, students should be able to: 1] describe the concept of PPC with graphical illustration 2]state the law of variable proportion, 3] distinguish between the concept of TP,Ap and MP
1]students as a class discuss the concept of PPC with graphical illustration and share with the class 2]The students in groups, locate certain points on PP curve 3] students in pairs distinguish between the concept of total product, average product, and marginal product with graphical illustration, and display in the class
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Cost concept Meaning of cost to an accountant and economics Meaning of cost of production Types of Cost (TC, FC, VC, AFC, MC etc) Short and long-run cost
By the end of the lesson, students should be able to: 1] evaluate the accountant’s and economist’s views of cost 2]state and explain the types of cost with a diagram and illustration, 3]differentiate between short and long run cost
1] students as a class justify the accountant’s and economist’s views of cost 2]students in groups, explain the different types of cost with a diagram and share with the class 3]students individually distinguish with a diagram, the short and long run cost and display in the class for critiques
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Revenue concept meaning of revenue to an economist types (total average and marginal revenue) Graphical illustration, schedule and curve calculations
By the end of the lesson, students should be able to: 1] relate the meaning of cost , according to economists to the meaning of revenue 2]state the
1] students as a whole relate the concept of cost to revenue concept to deduct the meaning of revenue 2]students in pairs identify and explain the types of revenue with graphical
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Formulae for calculating the various concepts of revenue 4] calculate revenue using graphs , schedules and curves
Illustration on a card board and display in the class 3] whole class calculate revenue using graphs schedules and curves and sharing with the class
4
Economic system Meaning of Economic system Types of Economics system Capitalism, socialism, mixed Economy and Welfarism) Feature of each factors to be considered in the adoption of economic system Advantages and disadvantaged of each system
By the end of the lesson, students should be able to: 1] define economic system, 2] distinguish between the three economic system with their features, 3] outline the factors affecting the adoption of economic system 4]justify the advantages and disadvantages of each economic system
1]whole class brainstorms on the meaning of economic system and discuss with the class 2] students in groups distinguish the three economic systems by their features and share with the class 3]whole class identifies and discusses factors affecting the adoption of economic system 4] students in small groups debate the advantages and disadvantages of each economic system
Critical thinking and problem solving Collaboration and communication
Labour market Maning of labour market Concept of labour force Factors affecting the size of labour force Efficiency of labour Mobility of labour (meaning , types and importance)
By the end of the lesson, students should be able to: 1] analyse the concept of labour market/ labour force 2]enumerate factors affecting labour force and suggest solutions 3]describe efficiency of labour force
Chart/video clip of an interview panel is used to describe labour market 1] whole class brainstorms on the meaning and operations of labour market /labour force 2] students in groups, relate the operation of the labour market and labour force to the present situation of the country’s economy and discuss with the class
Critical thinking and problem solving Leadership and personal development Collaboration and communication Citizenship
3] students in same small groups identify and explain factors militating the labour force and suggest way out 4] whole class discusses the efficiency of labour force
6
Supply and demand for labour Meaning of supply and demand for labour Wage determination Unemployment (meaning and types) trade union
By the end of the lesson, students should be able to: 1] distinguish between demand and supply of labour 2] analyse the concept of wage determination 3] describe unemployment and its types 4] explain trade union and its objectives
1]whole class discuss the differences between demand and supply of labour and relate it to the current situation in the country 2]students in small groups analyse the concept of wage and discuss with the class 3]students in same groups evaluate the level of employment and unemployment in Nigeria , identify and justify the difference
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Market structure Meaning and types of market (perfect and imperfect) perfect market (meaning, features and equilibrium position -P=MR=MC=AR =D_
By the end of the lesson, students should be able to: 1] analyse market and its types 2] distinguish between perfect and imperfect market 3]illustrate market equilibrium position using graphs
1]students as a class, discuss the meaning and types of market 2] students in groups distinguish between perfect and imperfect market and share with the class 3]individual students, illustrate market equilibrium position using graphs and display in the class for remark
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Audio-visual resources Pictures of a market Charts on types of market Web resources En.m.wikipedia.com www.toppr.comwww.investopedia.com
9
Imperfect market meaning and types with graphical illustration price determination
By the end of the lesson, students should be able to: 1] describe imperfect market
1]students in small groups describe imperfect market outline its different types with
critical thinking and problem-solving collaboration and Communication Leadership and
Audi-visual resources Charts Real objects (goods of impacted market Web resources
WKS
TOPICS
LEARNING OBJECTIVES
LEARNING ACTIVITIES
EMBEDDED CORE SKILLS
LEARNING RESOURCES
Equilibrium position (short and long run)
And its types with graphical illustration 2] analyse price determine 3] determine equilibrium position (long and short run of market (perfect and imperfect)
Illustrations and discuss with the class 2] whole class discuses the meaning and determination of price and possible factors affecting it and relates it to the present situation of the country’s economy 3] the graph of the short and long run are presented to the students in groups, to analyse and determine the equilibrium point
Industries in Nigeria Meaning of plants, firm, industrial estate Types of industries (mining, construction etc) Strategies for industrialization Problems of industrialization link between agricultural and industrial development
By the end of the lesson, students should be able to: 1] distinguish among industrialization , plant and firm, 2] identify the types of industry 3]create strategies for industrialization, 4] suggest solution to the problem of industrialization in Nigeria as a country
Whole class discusses the meaning and features of a plant, share with the class Students in pairs identify and explain the types of industry and share with the class Students in large groups create strategies for industrialization and suggest solutions to the problems in Nigeria as a county and discuss with the class
Critical thinking and problem solving Creativity and imagination Collaboration and communication Citizenship
Location of industry Meaning of location of industry Factors affecting location of industry Location of industries (meaning) factors affecting localization of industry Advantages and disadvantages of
By the end of the lesson, students should be able to: 1] analyse the meaning of location and localization of industry 2]identify the factors affecting location and location of
Students are made to draw the map of Nigeria and locate industrialized areas or region in Nigeria whole class brainstorms on the meaning of location And localization of industry and discuss with the class Students in groups
Critical thinking and problem solving Creativity and imagination Collaboration Collaboration and communication Citizenship
Industry 3] justify the advantages and disadvantages of localization of industry in Nigeria
Identify the factors affecting location and localization of industry , suggest possible way out and discuss with the class Students in small groups, evaluate the advantages and disadvantages of industry in Nigeria and relate with other country
12
Revision /Examination
13
Examination
Access free Unified Economics Scheme of work for SSS2. SS2 Syllabus for Senior Secondary School Lagos State –Schemeofwork.com
Economics Scheme of Work SSS2 Third Term
WKS
TOPICS
LEARNING OBJECTIVES
LEARNING ACTIVITIES
EMBEDDED CORE SKILLS
LEARNING RESOURCES
1
Students Readiness Assessment test Money Motives for holding money Demand and supply of money Elementary quantity theory of money Value of money And price level
By the end of the lesson, students should be able to: 1] analyse different motive of holding money 2]explain demand and supply of money 3]expatiate the quantity theory of money 4]evaluate the value of money and price level
1]whole classes identify and discuss the different motive of holding money 2]student in pairs explain the demand and supply of money with examples and share with the class 3]students in groups discuss the quantity theory of money and share with the class 4]items of different value are displayed for students to identify the value of money and price level
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Audio-visual Resources Real object (money) Real object (goods with price tags) Web resources www.economicsdiscussion.netwww.money zinecomwww.investopedia.com
2
Financial institution Money market (meaning, functions and instruments used) capital market (meaning , functions and instruments used)
By the end of the lesson, students should be able to: 1] distinguish between money market and capital market 2]Recall the functions and instrument used in money market 3]recognize the functions and instrument used in capital market
Short and long term borrowing is demonstrated by students to illustrate money and capital market
Critical thinking and problem solving Collaboration and communication
Inflation Meaning, types, causes of inflation Effect of inflation (positive and negative) Control of inflation Deflation (meaning of deflation Causes, effects and control
By the end of the lesson, students should be able to: 1]analyse inflation and deflation, 2] enumerate the causes and types of inflation and deflation in Nigerian economy 3]evaluate the effects of inflation and deflation on Nigerian economy 4]proffer way out on how inflation and deflation can be controlled in Nigeria
Whole class discuss the meaning of inflation and deflation in the economy and share with the class Students in pairs, identify and discuss the courses and types of inflation and deflation in Nigerian economy Students as a class evaluate the effect of deflation on the Nigerian economy and suggest way out Whole class discussion on how inflation rate can be reduced in the country
critical thinking and problem-solving collaboration and Communication Leadership and personal development Creativity and imagination
Public finance Meaning and objectives Taxation (meaning, types-direct and indirect taxes) Advantages and disadvantages of each type
By the end of the lesson, students should be able to: 1] describe public finance with the objectives 2]analyse the concept of taxation with the types 3]justify the advantages and disadvantages of taxation on the Nigeria economy system
1] which class brainstorm on the meaning and objectives of public finance and discuss with the class 2]students in small groups, explain the concept of taxation with the types and discuss in the class 3]students in large groups, evaluate the advantages and disadvantages taxation on the Nigerian economy
critical thinking and problem-solving collaboration and Communication Citizenship
Sources of government revenue incidence of taxation/ effects structure of public expenditure (recurrent and capital expenditure) effect of public expenditure on economic growth
By the end of the lesson, students should be able to: 1] explain the incidence of taxation and its effects on the economy and citizens of a nation 2]differentiate between recurrent and capital expenditures of a firm, individual and the government 3]identify and estimate effects of public expenditure on economic growth in Nigeria
1]students as a class dialogue on the meaning of incidence of taxation and its effects on the economy and citizen of a nation (Nigeria precisely) and discuss with the class 2] students in pairs classify items provided under recurrent and capital expenditure of a firm, individual and a nation as a whole 3]student in groups (small/large) identify and discuss the effects of public expenditure on economic growth in Nigeria and share with each groups by displaying and explaining in the class
critical thinking and problem-solving collaboration and Communication Leadership and personal development Citizenship
Picture of a bank or a calendar of a bank chart showing sources of government revenue Chart showing recurrent and capital expenditure Web resources.www.investopedia.com www.abs.gov.au www.ideas.repec.org
6
Budget Meaning , types and importance Nation debt (meaning and types) Financing deflect budget Revenue allocation in Nigeria
By the end of the lesson, students should be able to: 1] describe and explain budget and its types 2] estimate the impacts of budget in the economy of a country 3] analyse how deficit budget can be financed 4]describe revenue allocation in Nigeria
Students as a class, estimate their weekly spending /income and prepare their budget, base d on their weekly pocket money to illustrate the meaning of budget 2]students in groups (large/small), justify the importance of budgetary to the economy of a country and discuss with the class 3]students in groups identify and explain various types of budgetary and share
critical thinking and problem-solving collaboration and Communication Leadership and personal development Citizenship
Audio –visual resources 2. A copy of Nigeria budget Students weekly estimated income and spending Web resources En.m.wikipedia.org www.moneycoach.cawww.neti.gov.ng
7
OPEN DAY AND MID-TERM BREAK
8
capital market meaning and functions stock exchange how stock exchange operates primary and secondary market development bank (functions)
By the end of the lesson, students should be able to: 1] recollect/reminisce the meaning of capital market and its functions 2]describe stock exchange 3]analyse how stock market operates 4]appraise the meaning and functions of development bank
1]whole class recollects the meaning and functions of capital market and describe how and where shares can be bought and sold 2] students as a class brainstorm on the meaning of stock exchange and discuss in the class 3]students in groups (large/small), explain in details how stock market operates 4] whole class, discuss the meaning and functions of development bank and their impact on the economy of a country
critical thinking and problem-solving collaboration and Communication Leadership and personal development
National income meaning and concepts (GDP, GNP, NNP, etc.) measurement of national income problems of meaning national income Uses of national income limitations of national income
By the end of the lesson, students should be able to: 1] analyse the concept of National income 2]discuss and describe the measures and methods of measuring the National Income of a country 3]Explain the expenditure approach 4] enumerate the problems, used and limitations to National income of a country
1] student as a class discuss the concept of a “National income” and share in the class 2]students in groups (small/large) discuss the measures and describe the methods of calculating the National income and share with the class 3]students in some groups, explain the expenditure approach of the National income 4]students in another sets groups, outline and discuss the problems, uses and limitations to computation of per-capital income (PCI) of a country and share with the class 5]for further studies, students visit the link provided
critical thinking and problem-solving collaboration and Communication Leadership and personal development Citizenship
Theory of income determination Circular flow of income Concept of investment, consumption and savings
By the end of the lesson, students should be able to: 1]describe circular flow of income 2] analyse the concepts of savings investment and consumption
1] students in groups (small/large), brainstorm on the meaning of circular flow of income with a diagram, illustrations and discuss in the class 2]students in same groups, analyse and discuss the concept of consumption, savings and investment on the economy of a country 3]whole class, justify and relates the importance of savings and investments to the economy of a country (Nigeria) and discuss with the class, the effect of the low investment and savings on the economy and citizens of a country
Critical thinking and problem solving Collaboration and communications Digital literacy
Diagram showing income flow between households and firms Charts on vicious circle of poverty Web resources En.m.wikipeda.org ww.smartaboutmoney.org. www.economicshelp.orgwww.investopedia.com
11
Theory of multiplier Meaning of multiplier equilibrium level of income Multiplier effect
By the end of the lesson, students should be able to: 1] analyse the meaning of multiplier 2] describe multiplier effects 3] calculate the value of multiplier
1] whole class brainstorms on the meaning of multiplier and discuss with class 2] students in groups explain the multiplier effects 3]an illustration is given while the students are required to measure the value of multiplier
critical thinking and problem-solving collaboration and Communication Leadership and personal development
Distinguish and calculate variance and deviations (mean and standard) of a given data, create the best and the simplest methods for solving a simultaneous equation.
Analyse the concept of utility, explain the law of diminishing marginal utility with the aid of diagram and relate marginal utility and demand curve to utility maximization.
Analyse the concept of change in demand and change in quantity , change in supply and change in quantity supplied. Evaluate the effects of changes in demand and supply on equilibrium quantity of a given commodity
Describe elasticity of demand with a diagram and calculate the types of price elasticity of demand with the illustration of a diagram
Explain elasticity of supply with a diagram, calculate and illustrate with diagram, the types of price elasticity of supply also able to account for the effects of elasticity of supply).
Appraise the meaning: rationing and hoarding; differentiating between rationing and hoarding , justify the effects of rationing and hoarding on the economy of the country.
Describe the concept of Production possibility curve (PPC) with graphical illustration , state the law of variable proportion and distinguish between the concept of Total product (TP), average product (AP) and marginal product (MP).
Explain and state the types of Cost with a diagram and illustration, differentiate between short and long run cost. State the formulae for calculating various concepts of revenue and able to calculate revenue using graphs, schedules and curves.
Enumerate factors affecting labour force and suggest solutions. Also to describe efficiency of labour four, distinguish between demand and supply of labour, analyze the concept of wages determination and describe unemployment and its types and also explain trade Union and its objects
Distinguish between perfect and imperfect market, illustrate market equilibrium position using graphs, describe imperfect market and its types with graphic illustration. Also analyse price determination and determine equilibrium position (long and short run) of a market (perfect and imperfect).
Analyse the meaning of location and localization of industry with the factors affecting location and localization of industry, finally, they are to justify the advantages and disadvantage of localization of industry in Nigeria analyse inflation and deflation. Enumerate the causes and types of inflation and deflation in Nigeria economy. Also evaluate the effects of inflation and deflation on Nigeria.
Analyse the concept of taxation with the types, justify the advantages and disadvantages of taxation on the Nigeria economy, explain the incidence of taxation and its effects on the economy, and citizens of a nation . differentiate between recurrent and capital expenditures of a firm, individual and the government, identify and estimate effects of public expenditure on economic growth in Nigeria
Explain budgets and its types, estimate the impacts of budget in the economy of a country also analyse how deficit 5budget can be financed and were able to describe revenue allocation in Nigeria.
Analyse the concept of National income of a country enumerate the problems, uses and limitation to National income of a country.
Describe circular flow of income and analyse the concepts of savings , investments and consumption. Analyse the meaning of multiplier , able to describe multiplier effects, calculate the value of multiplier.
