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SS2 ECONOMICS CHRISTMAS TERM
Wk
WAEC
TOPICS
1.
Review of
Equilibrium
price
2.
Price legislation
3a.
b.
4.
5.
6.
7.
IGSCE TOPICS
CONTENT
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Review of
Equilibrium price
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WAEC CURRICULUM OBJ
IGSC
Market price, market
quantity and equilibrium
point
At the end of the lesson students
should be able to:
 Solve problem on Equilibrium
At th
stude
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Price legislation
Price floor
Price ceiling
Effects of price floor
Effects of price ceiling
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Labour Force
and labour
market
Demand for and
supply of labour
Scale of
production.
Elasticity of
demand

Occupation and
wages
 Demand for
labour and
supply of labour
Scale of production
How market works
(demand elasticity)
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Occupation
Labour force
Labour market
Concept of wages
Wage differences
Scale of production
Internal economies of
scale
 External economies of
scale
 Diseconomies of scale
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Elasticity of
supply
How market works
(elasticity of supply)
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Unemployment
Unemployment
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Demand elasticity
Types of demand
Elasticity
Calculation of
demand Elasticity
Graphs of types of
demand Elasticity
Elasticity of supply
Types of elasticity of
supply
Calculation of
elasticity of supply
Meaning of
unemployment
Causes of
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Define price legislation
Explain price floor
State reasons for price floor
Explain price ceiling
State reason for price ceiling
The graphics to illustrate price
floor and price ceiling
Explain the effect of price ceiling
and price floor
Define labour
Define labour force
Define labour market
Define economies of scale
Define internal economies of scale
State various factors on internal
economies of scale
State various factors on external
economies of scale
Explain Diseconomies of scale aid
factors responsible
Define price elasticity of demand
Explain various types of demand
elasticity and their graphs
Calculate various coefficients of
Elasticity of demand
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Define elasticity of supply
Explain various types of
elasticity of supply
Calculate various types of
elasticity of supply and their
graphs
Define unemployment
State various causes of
unemployment
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D
D
E
D
d
D
D
e
E
o
E
D
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E
de
 D
Ela
 A
de
sit
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8.
9.
1011
12
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Inflation
Inflation
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Retail price
index (RPI)
Retail price index
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National income
National income
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Revision
unemployment
Cost of
unemployment
Calculation of rate of
unemployment
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Meaning of inflation
Causes of inflation
Types of inflation
Cost of inflation
Effects of inflation
Solution to problems
of inflation
Deflation and causes
of deflation
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Meaning of retail
price index
Calculation of retail
price index
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Meaning of national
income
Concepts of GDP,
GNP, NND, NNI
Approaches to
measurement of
national income
Problems of
measuring national
income
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Explain various types of
unemployment
Suggest solution to problems
of unemployment
Calculate the rate of
unemployment
Define inflation
State various causes of
inflation
Highlight various types of
inflation
Explain the effects of inflation
Suggest solutions to problems
of inflation
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Describe retail price index
State the formula for
calculating RPI
Calculate RPI
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Define national income
Explain GDP, GNP, NNP and
NNI
Explain the various methods of
measuring national income
Describe various problems of
measuring national income
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